Bitcoin is about to break through! Ambush these coins and you can reach the sky in one step and directly achieve wealth freedom!
Is it the early or late stage of the bull market? How should smart money operate? Let's follow Shuqin to find out~ First of all, what everyone is most concerned about is whether the bull market is over, the future trend of Bitcoin, and the coins I am currently adding to my position. I think the answer is very clear and intuitive. Let's look at the picture.
The figure shows the changes in the stock of Bitcoin in exchanges over the past four years. Red represents buying and green represents selling. Large investors usually buy at low prices before the trend comes, and then sell at the high point, which has been the case for the past four years.
So the current market situation is quite clear; it is similar to the performance at the end of 2022 and mid-2020. Big players are just going all in, and so far, there are no signs of large-scale profit-taking. Therefore, the recent spikes are more likely some market makers dumping, clearing out some high-leverage positions, and scaring off weak-handed retail investors, thus achieving the goal of accumulating at lower prices.
So don't misjudge the intentions of the market makers; the bull market has just started for a month since November, and it is far from over. Meanwhile, the on-chain whales are still accumulating chips without taking profits, so there will be another wave of major upward movement.
Actually, sharp spikes in the bull market are quite common. Shu Qin has analyzed this before; during the last bull market, I was spiked almost daily, and I was numb to it. Therefore, high-leverage contracts must ensure proper risk control and leave room for maneuvering.
Right-side trading is actually more stable; you don’t need to guess Bitcoin's next move. You just need to wait for a signal, which is Bitcoin breaking through and stabilizing above previous highs; this is the signal for the second wave of major upward movement, and you can directly enter long positions on contracts to ride the wave.
A more stable approach is to wait for Bitcoin to break through before entering Sol, Uni, or Pepe, looking for small coins to catch up because once Bitcoin rallies, it will be the mainstream coins' turn; this is a very certain trade, just go for it.
Once mainstream coins finish rallying, it will be time for meme coins. Last week, after ETH’s rally, we anticipated Pepe and bought it at 0.021, so smart money will rotate sectors; this is a necessary lesson.
Now that I’ve talked about the ideas, Shu Qin wants to discuss the current progress of the bull market with everyone. Where exactly are we, and when should we top out? Everyone, look at the chart.
The chart shows the floating profit market value ratio of long-term investors. Each time it drops to negative 0.5, it marks the bottom of the cycle, and when it rises to 1, it marks the top of the cycle, so everyone can start reducing their positions in the blue zone.
Now the cryptocurrency market has progressed halfway, reaching the peak of the green zone at 0.7. If it rises further, it will enter the blue escape zone.
The resistance around 0.7 is indeed quite strong. In past cycles, when Bitcoin's floating profit market value ratio reached 0.7, it often experienced significant pullbacks and consolidations, so this is a normal phenomenon, an invisible psychological barrier for people, just like the mysterious golden ratio of 0.618.
Now Shu Qin is not only looking to buy ETH and SOL on dips, but Uni and AAVE are also on my entry list. Because this coin is a DeFi leader, it is a track that becomes a god in a bull market and a ghost in a bear market. Its performance is closely related to trading volume, which surges in a bull market, making important DeFi projects like Uni and AAVE very worth holding.
Although Uni has risen a lot now, it was at 45 during the last bull market, so the current 17 or 18u is not too high. In the short term, they have surged quite a bit; those who haven't entered yet can look for a pullback and buy on the dips.
We advised everyone to exit Uni and Puffer coins a few days ago, and switched to Pepe for another wave, which rose from 0.21 to 0.28, completing the entire market segment. As mentioned earlier: Bitcoin rises first, mainstream coins catch up, and then there’s a wave of altcoin frenzy followed by a market crash; this is a cycle. I told everyone to sell Neiro at the peak of 0.0023, and right after I said that, it crashed.
Moreover, I see many large whales are bottom-fishing Pepe, like this big brother who is simply crazy, placing 50 orders in an hour to buy the dip. To be fair, Pepe is indeed impressive; it broke through its previous high and is set to continue rising, though it was dragged down by the overall market a few days ago. But don’t worry, once the overall market breaks through, Pepe will rise again and set new highs.
After all, Musk often interacts with this coin, and it is very popular in Western culture with a huge consensus. We have made at least 4 to 5 times profit from this coin in the past six months, far exceeding the overall market.
In addition, the newly emerging RWA leader OM is also worth watching, after all, this round of bull market is mainly focused on institutional entry, so the virtualization of RWA real assets has a very good speculative space. Shu Qin has been advising everyone to layout this coin for a few months now, and it has increased fivefold at its peak, and I still hold it. The day before yesterday, after a sharp drop, I even suggested everyone to buy more at 3.5. Ah, but this funding rate is a bit high, which has eaten into more than half of my contract's yield.
In this wave of decline, Shu Qin urged everyone to boldly bottom-fish; ETH was bought at 3526, and OM at 3.6, because I said that even if the market doesn’t reverse, it will at least have a rebound, which can be seen as picking up something. These operations are updated in real time by Shu Qin every day; if interested, you can come and take a look.
Back to the point, the cryptocurrency market will welcome a significant positive development because the Federal Reserve is almost certain to cut interest rates next week, which is a good stimulus for the market. Eric, Trump’s son, recently stated at a summit, 'You will have the most pro-cryptocurrency president in American history,' and boldly claimed Bitcoin could reach $1 million each.
My God, it can be seen that their family really supports Bitcoin. Especially since most of Trump's cabinet members are also pro-cryptocurrency, January 20th, when Trump takes office, will definitely be a great time for the cryptocurrency circle; he is expected to officially announce Bitcoin as part of the U.S. national strategic reserve. So, a bigger surge is likely to happen in January, and the current pullback is your best entry point.
The CEO of Goldman Sachs, a Wall Street titan, also stated that if regulations allow, he would consider participating in the Bitcoin and Ethereum markets. Oh my, this is another heavyweight news.
I tell you, it's not that we need Bitcoin now; it's that Wall Street needs Bitcoin because they have so much money and are always seeking profits. They must invest in something to make money, which is directly linked to their performance. Now, they have already invested in all the projects available in the market, and with so much money, they can only flow into the cryptocurrency market.
Think about it, why does Wall Street want to enter with ETFs? If it’s a hopeless industry, would they invest, especially with so many institutions involved?
So don’t doubt it, the cryptocurrency circle is the trend for the next 5 to 10 years; Wall Street has just begun to position itself, and there are still several years of dividend period ahead. This is an opportunity for each of us to achieve a leap in class, and you must seize it!
Finally, don’t forget to follow, so you won’t miss every update from Ben Qin~
