Bitcoin's continuous new highs also align with expectations of the Federal Reserve's impending interest rate cuts, surging from 103,000 to 107,000, and now the exchange rate has fallen back to 106,500. The speculative index for altcoins has also dropped from a previous high of 90 to 63. Currently, the market situation shows that BTC has a very strong sucking effect.
Looking at historical interest rate cut trends, each time before a rate cut, there is always a rally in Bitcoin, followed by a surge after the cut. Therefore, if we promote Bitcoin, it is not far from 110,000, and if the market goes crazy, we might even see 150,000.
When will altcoins experience a rebound?
That being said, even if Bitcoin continues to rise and breaks 110,000, altcoins will still present a half-dead situation. For altcoins to show improvement, there must be outside capital entering, or funds previously stuck in high market cap coins like DOGE, XRP, and ETH need to flow back out. If these do not rise, it will be difficult for altcoins to improve. As for the wealth generation effects on-chain, everyone needs to rely on their own ability because they come quickly and leave quickly, which is not suitable for all non-professional players. The race is filled with full-time scientists, and to compete with them, you need not only expertise but also enough time to study.
Despite Bitcoin reaching new highs, most altcoins are currently in a pullback state, especially those on centralized exchanges, which are almost all declining. Although the total market cap of the crypto market has surpassed 3.9 trillion, setting a new high, most of the growth has come from Bitcoin's contribution, while the market share of altcoins continues to decline.
Lastly, regarding ETH, the second place supported by traditional capital is ETH. In the future, when BTC pulls back, ETH may appear slightly stronger compared to other coins. A few days ago, ETH just broke this year's new high and is less than 20% away from its historical high. In the next phase when Bitcoin stabilizes, it may be the time for Ethereum to shine. Don't forget that Trump's cryptocurrency fund's primary holding is not Bitcoin, but ETH, so don't doubt this certainty.
The conclusion is that the focus now is on when Bitcoin will pull back. For all altcoins, be patient and wait for a dip before participating. As for Bitcoin, I still believe that the peak will be between 100,000 and 120,000.
Next, when selecting altcoins, there must be a narrative to get involved:
As we all know, for altcoins, having a speculative narrative provides opportunities for price surges. For example, several cryptocurrencies that have recently shown considerable gains, such as Aave, ETH, and LINK, share this characteristic. The main reason is that institutions under Trump have shown buying interest in these tokens, thus driving up their prices.
In fact, we can see a commonality among these coins, which is that they are Ethereum-based with practical applications.
Next is another narrative: the next cryptocurrency likely to go through an ETF is actually Sol, which I mentioned before has a high probability.
Therefore, Sol and well-known projects in its ecosystem such as Jto, Jup, Pyth, and Wif are also worthy targets for speculation.
Especially for Wif, it is both in the Meme sector and the Sol sector, so when this altcoin Meme warms up, it can rise; when Sol warms up, it can also rise.
For those who missed the 2.1 entry point, you can try placing orders in the 2.65-2.5 range to buy in, aiming for a double.
In fact, for spot trading, as long as there are good narratives for speculation, it doesn't matter what price level you buy in at right now because the focus is on the market over the next six months, not the short term. So cherish every dip in a bull market, as these are all opportunities to build your position!
