The past week, the 47th week of 2024, was a week of steady growth for BTC.
On Monday (11.18), it opened at 90k and closed at 92k. On Tuesday, it closed at 92k. On Wednesday, it closed at 94.7k. On Thursday, it closed at 96.6k. On Friday, it closed at 98.6k. On Saturday, it reached a high of 99.6k and closed at 98.4k. On Sunday (11.24), it fell back to the 5-day line at 97.3k, took a short break, and is currently pulling back to 98k.
Bitcoin has been fluctuating slightly at a high level for 3 days. Today's decline is a normal small adjustment. It is still dominated by bulls. The opportunity for the bull-dominated market contract lies in a small retracement. You must go long when the retracement occurs and you need to be bold. Hold the spot patiently. The risk is that after breaking through 100,000, it will turn into a wide range of fluctuations. At that time, you may not be able to bear it and the difficulty will increase.
Old coins are flying around in the market
I knew they would go up, but it happened too fast.
Seize the opportunity of a general rise in the entire copycat track
What the crypto market is hyping will often eventually be reflected in specific currencies. So how do you find and judge the next track for crypto market hype? Look at the projects launched on Binance, Meigu Macro, and major media reports.
From 22 years to now, the most track projects launched by Binance are public chain, meme, L2, games, AI, defi (I don’t want to write about this track, what’s the matter, if you want to get rich quickly, meme and public chain are not enough to play with), rwa and depin (there are signs), as for other tracks, in fact, the same thing still applies, if you want to get rich quickly, meme, L1, games, AI, why aren’t they enough for you to seize the opportunity.
When it comes to grasping new market narratives and new tracks, Binance is the industry's weather vane. Coupled with Binance's liquidity, this cannot be questioned.
What is more important is the information of Meiguo. Apart from other things, the increase of DOGE and PNUT speaks for itself. So we must pay attention to it. As for SOL, don’t forget that this is a project made by Meiguo’s awesome capital investment and market makers. In fact, SUI, apt, omni, alt, etc. are all these.
The timing and coin selection have been noted. It is not difficult to get on the train, but how about getting off? Any project should be able to calculate the possible valuation based on the market background, the track it belongs to, the exchange it is listed on (Binance, Coinbase, Upbit, OK, etc.), the market maker it belongs to (the nature of the market maker), the ceiling of the same track, the narrative prospects of the track, etc. No project can always pull the market up, there will always be a wash, even for BTC. The market is anti-human, and emotional FOMO is not good, very bad.
I just finished talking about FIL yesterday, and it exploded today
I have actually been following the FIL coin for several months, mainly because the market makers have been accumulating funds for a year.
The potential of FIL is 5-10 times, and the logic is the same as APE.
MANA and SAND can be viewed as the same coin
Not only do they have the same track, they also have the same market maker, the same exchange for absorbing funds, and the time of absorbing funds is also the same day, August 7, 2023. These are what I shared in the internal group on November 1st.
Then I open the exchange to see the time of today's large-volume launch, which is 10:45 this morning. So my conclusion is correct, identical twins. You don't need to buy both of them, buying one is buying two.
Don't worry about the end of the market. Every bull market will have a leading monster coin, which will increase by about 100 times. It has not appeared yet. XLM is also very strong, but the market value is high, so we need to continue to observe. Let's do this for today. Don't be afraid. Be patient and seize the opportunity of the callback to go long.
