Bitcoin keeps breaking new highs, while altcoins are showing signs of a possible drop!
I estimate that many investors are feeling frustrated: when Bitcoin was over 40,000, the altcoins in hand were at this price level. Now that Bitcoin is about to reach 110,000, the altcoins are still at this price level!
Actually, I mentioned it before. The current market just lacks money and can't have a general rise. Since the Fed's rate cut in September, it's been a full three months. The money released has flowed from the banks, bond market, stock market, and real estate market into the cryptocurrency space, inflating Bitcoin through ETFs, which has led to massive amounts of liquidity spilling over to other assets.
We are actually at that time now. Regardless of how Bitcoin's push towards a new high of 120,000 goes, it's time to pump other altcoins.
1. Last night, ETH finally broke through the high point created during the small bull market in March this year. As a barometer for altcoins, the wind has started to blow.
2. The altcoin season index actually reached 86 at the beginning of December, but after a wave of sharp declines, Bitcoin has now broken through first. Currently, the altcoin season index is 65, just a thin layer of glass away from 75.
3. Historically, the altcoin season typically erupts 7 to 8 months after the halving.
4. The market is calm now, the external environment is stable, the Fed will cut rates on the 19th, and on January 20th, Comrade Jianguo will ascend the throne. The market must leverage a big surge.
I have mentioned several times before about bottom-fishing. I have also said that the time window for getting in is closing. Every time I post, whether I talk about bottom-fishing, corrections, or which coin to buy, I always explain the logic behind it, hoping that fellow investors can gain something. If they can transform it into their own understanding, that would be even better!
In previous articles, I recommended some coins, which you can refer to: Bitcoin approaches 100,000 and starts to stagnate. Which altcoins are likely to surge next?
However, it must be admitted that due to different understandings, the differences between people are greater than the differences between people and pigs.
If there are different views, I hope we can discuss them together and improve our understanding! Let's make money together!
If it's just to vent emotions or grab something to show superiority, I don't have time to persuade you or reply to you. I can only say that you're all right!
Investment is the realization of your understanding. I have said this many times, but there are still many people who just want me to tell them if it will go up or down, which coin to buy, and at what price to buy and sell. I am not your wealth advisor, brother; you haven't given me a cent of your earnings (for those who have tipped, please ignore). If you lose money, you might blame me for being trash!
The upcoming bull market still has a long way to go (I estimate it will last at least until the fourth quarter of 2025). During this long time, just focus on doing two things: 1. Work hard to earn money and increase your capital; 2. Strive to improve your understanding and then realize it. Relying on others is not as good as relying on yourself!
This article is published on the eve of the altcoin season explosion, on the eve of the bull market madness, as a witness!
Let's see what happens in six months!
What will the market be like a year from today?
Have we all achieved financial freedom?