Yesterday, Bitcoin plunged 30% due to the South Korean President Yoon Seok-yeol's announcement of emergency martial law. Ripple even plunged 60%. But after the incident subsided, Bitcoin quickly returned to the range of 95,000 to 98,000 US dollars.

Everyone should have a clear understanding of the Korean country incident this morning, so I won’t say much here. Let’s talk about the impact of this incident on counterfeit and big cakes.

It just so happens that all the altcoins took this opportunity to rotate and make up for the rise! Old blockchains, payment concepts, games, RWA, AI, and DePIN have all made up for the rise recently. From BNB to XRP, to Tron and Ethereum, they were once regarded as "altcoins", but they are breaking through historical highs at an astonishing speed and ushering in their own golden age.

In summary, Bitcoin's market share has declined, trading volume has decreased, and retail investors are currently focusing on altcoins, so adjustments will be the main focus in the short term. The logic at the altcoin level has been explained to everyone. After the hype of US compliant coins, altcoins in other ecosystems will take off. The trend has already blown to the BNB ecosystem, so pay close attention.

Altcoins are all surging, when will Bitcoin reach 100,000?

The trend of this round of bull market is indeed different from the past. Bitcoin's market share is declining, and altcoins are getting stronger and stronger. For example, XRP's market value has increased fivefold in the past five weeks, even surpassing old projects like SOL! This is surprising because XRP is a relatively old project and it shouldn't be so strong.

Some other established altcoins also performed strongly, such as XLM, ADA, etc. Even some early DeFi projects have begun to recover.

Not only that, some emerging currencies also performed well, such as AI-related currencies, RWA currencies, and Meme coins, which have been rising almost without stopping. Perhaps this round of copycat bulls just appeared in this form, and the market share of Bitcoin has dropped to 53.8%.

As for Bitcoin, there is no obvious momentum to break through $100,000 in the short term. The current situation is that large investors are cashing out at high prices, while institutions continue to absorb funds. Retail investors are currently focusing on altcoins, and funds are flowing into altcoins, driving the altcoin market to start.

In general, retail investors are currently focusing on copycats, so the market is still mainly adjusted in the short term, but after accumulating strength, it will be ready to sprint to 10w+ this month.

The wind has now blown to the BNB ecosystem, so pay close attention to it. At the same time, pay attention to the previous high-quality memes. The current correction is almost done, just wait for the wind to blow to the meme again, then the meme will fly higher.

What else is worth mentioning in December?

There are a lot of major data every month, so I would like to sort them out for you here: this month there will be non-agricultural data on the 5th, CPI on the 11th, and Christmas at the end of the month. These macro data are likely to develop in a positive direction. We have to be on guard against Christmas on the 25th. Christmas is the Spring Festival for foreigners. Generally, institutions and whales will calculate the annualized rate for external publicity and marketing. So after the annualized rate is calculated, these institutions will start to cash out. But don't be afraid, they won't ask for too much. At this time, someone will compare it with last Christmas. There was no adjustment last Christmas, but this time is different. Bitcoin rose by nearly 50% at the close of the November monthly line alone, not to mention the institutions and whales that entered the bottom before. Therefore, their profits are magnified, and there will be a risk of selling pressure, just like when Bitcoin began to pull back from nearly 100,000 two days ago. This is because institutions changed hands to make waves, which is normal.

So what should we do?

If you bought a copycat near Christmas, or if the stocks you were trading on have not performed well by the week around Christmas 20th, it is recommended that you change them to U, or sell them to hedge the risk a bit!

If you are profitable, it is very simple. Just reduce your position to lock in the profits. Don't go on a roller coaster ride.

It has no impact on the long term, because after Christmas, we will have New Year's Day and Spring Festival, which are usually the most popular holidays. There is only temporary selling pressure on Christmas, so just be careful not to ride a roller coaster.

Let’s talk about Sun Ge’s TRX

South Korea imposed martial law last night, which caused a huge loss for local cryptocurrency exchanges and led to a decline in the overall crypto market. South Korea's crypto and traditional financial markets suffered a heavy blow during this period. Immediately after the ban was announced, FUD sentiment exploded, and both big bitcoin and copycat stocks plunged. Upbit was interrupted as a result, but after half an hour, it was basically all pulled back.

As soon as the Korean exchange plummeted, the inscription sector began to take off, followed by TRX's surge of 96%!

Brother Sun said last night that "everything has just begun", and TRX nearly doubled; it rose from 0.23 US dollars to 0.45 US dollars, and fell back to 0.376 US dollars at the time of writing; the market value of TRON has also reached 32.55 billion US dollars, returning to the top ten in market value rankings and setting a historical high.

I can only say that Sun Ge's tactics are great. No matter how many times he cuts, no matter if HT drops dozens or hundreds of times, the inscription market returns to zero, the HECO chain returns to zero, and no matter how many people scold him, as long as he pulls the market up once every few years and keeps TRX stable, he can attract a large number of followers. At present, those who have benefited from this trend of TRX can start to reduce their positions. After all, it seems unlikely that Sun Ge will be so kind as to pull it up and let us eat meat. Don't forget the power of Sun Ge's whole bucket~

In conclusion:

All basic sectors in the market have seen a wave of growth. Isn't it the same as getting on board in March? When everyone is bullish, I have to learn to reduce my position. When no one is optimistic, I will quietly increase my position. Investing is a game of ambush in advance. It just depends on who can ambush longer.

In short, remember the three don'ts in a bull market: don't change positions frequently, don't sell at a loss frequently, and don't play with contracts. Learn to stop profit at the right time!