Bitcoin has broken through a new high, reaching $108,000. Capital in the US has been buying, adding positions at high levels, and is optimistic about the future market. The strength of the rise seems to be lower than my expectations, and the technical indicators are also at high levels. However, the 110,000+ to 130,000 platform must be reached. It is reasonable for the market to choose to shake out 3,000-5,000 dollars. There is a gap below to fill between 102,000-105,000.
This range of several thousand dollars is not big for Bitcoin, but it may be disastrous for a copycat.
(1) Bitcoin hits new high, while altcoins fall
Bitcoin went straight to 108353, but altcoins including ETH, SOL, DOGE, etc. did not rise, and even fell. Many small currencies have been unable to recover since the big spike on December 9, and have left the stage of setting new highs to make up for the valuation after a small drop;
(2) A large number of new projects were launched, causing serious bloodsucking
Recently, many VC coins have been listed one after another by major exchanges, and a large number of new listings have been launched, which are seriously sucking blood, and the trend is a bit brutal, pulling teeth from the tiger's mouth, and basically it ends in one wave; recently, the project parties have issued various airdrops such as MOVE, ME, ACX, ORCA, THE, VELODROME, etc. If you buy, you will be trapped. So I remind everyone that at this stage, try to sell these airdrop coins or vc coins listed on the exchange first, because if you don't sell, others will sell, and the institutions are anxious to cash out!
(3) Washout
It is a bit like the market in March 2024, when the bulls were violently hit, and then the bears were hit by the upward surge, and then the market entered a volatile market with a large market consolidation. Perhaps the market and the cottage industry have reached a stage where they must be broken before they can be established. Only by breaking can they be established. Only by washing out the floating chips and high-multiple long leverage can the car be lightened and accumulate momentum to continue to rush.
(4) Falling is the father
Every time Bitcoin brings down the Shanzhai, it is your chance to get on board. Don’t be afraid of Bitcoin going down directly. It just came up, how could it go down directly? So the fall is the father. If Bitcoin doesn’t fall, how can you have the opportunity to get on board and take over the low-level chips!
Then I will summarize for you which coins in the top 20 by market value are worth considering buying.
The Four: ETH, DOGE, SOL, BNB
Four major brands: ADA, LTC, BCH, BSV
Four major leaders: ATOM, DOT, FIL, UNI
Second layer Defi: NEAR, OP, ARB, INJ, SSV
For specific prices, you can enter the market at 30% according to the current price, and then take 30% when it drops 5 points, and then take 40% when it drops 10 points. Enter the market in batches to receive the goods. I believe it is safe to receive them at this position.
With Trump's rise to power, Bitcoin has been recognized by the world. Next year will be the first year of encryption in the true sense. What will happen next year? Compliance concept + Trump's new policy + legal victory + market sentiment + expansion of technology application + large capital intervention. What we need to do is to hold the value coins well. Every time the price drops, we must bravely look for value coins, and then hold them firmly in our hands and don't be shaken off. Remember that every drop now is for a better rise in the future. Choosing the right target is more important than anything else! The recent sentence summarizes: hold on to the value and wait for the flowers to bloom.
