December 3, 2024

It is reported that Trump will announce the successor to the SEC Chairman as soon as tomorrow. Judging from Trump's actions, he is constantly fulfilling his campaign promises. The current SEC Chairman is a regulatory cancer for the cryptocurrency circle. If Trump appoints him, he will definitely be a crypto-friendly person, and it is even possible that he will be a big shot with experience in the cryptocurrency circle. Normally, this appointment is good news both in terms of news and future policy implementation.

Yesterday I said that the alt season is about to start. Coincidentally, CZ also tweeted today to hint that the alt season will start. In fact, from the market point of view, funds have indeed rotated to the alt sector, and even the Metaverse project SAND, which has trapped countless people at high positions, has pulled up. As for why I rarely recommend alts, or that alts can only be participated in with small funds, just look at the trend of SAND. The current price will rise tenfold, and the high position will just recover. Therefore, the next alt season is actually a test of whether everyone can face the temptation.

As for the correction of mainstream assets in the past two days, including ETH falling from 3700 to 3600, it is a relatively reasonable return. In fact, ETH has risen a lot recently, and it is normal to have a proper correction. On the contrary, if it rises unilaterally, the fall will be more violent. Of course, there is a risk that must be mentioned, that is, the first batch of rising BTC, DOGE, etc., have not reached a new high. If there is a large-scale retracement in the next market, I will not be surprised.

However, judging from the trend of DeFi, funds have not yet withdrawn, or for the main force of many coins, it is far from the stage of shipment. The overall situation is oscillating upward. Therefore, if you don’t want to do it even if there is a correction, you can hold your position patiently, and continue to hold strong sectors, such as old mainstream, DeFi, etc. My suggestion is that if the configured cottage rises by more than 30% in a single day or doubles for several consecutive days, you can definitely reduce it. The bull market is not going to top, so just stop profit in batches.

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