Bitcoin breaks the 100,000 mark, how long can the bull market frenzy last? Trump’s return reignites the concept coin storm!
Yesterday, Bitcoin was really impressive, with a single bullish candlestick soaring to the high ground of 100,000 USD, and the entire cryptocurrency market followed suit. But with such a strong surge, we should also be cautious: can Bitcoin maintain this momentum?
On the other hand, the political happenings are also adding fuel to our crypto market. Trump is poised to return to power, and his array of policy promises is big news for the market. At this time, concept coins related to Trump have become highly sought after, such as quality coins like BTC, ETH, and meme coins like TRUMP, MAGA, which have garnered a lot of attention. However, we need to stay clear-headed; history tells us that once Trump wins, the prices of these meme coins can be like a rollercoaster, so if we make a profit, we should exit quickly and not get too attached.
If Bitcoin can spark a second wave of altcoin enthusiasm, that would be even more interesting. During the corrections, we’ll have good opportunities to position ourselves, so we need to be vigilant and act gradually. Think back to the previous correction; how many people had their profits shrink or even lost everything. This time, we need to be smarter.
Every bull market eventually comes to an end, and that will be a major retreat. We must prepare in advance on how to preserve our profits and not let our hard-earned money go to waste. In simple terms, we need to learn how to withdraw while we still fight, rather than stubbornly pushing to the end. We should also streamline the coins we hold, keeping only a few good ones, so when the market shifts, we are left with just Bitcoin and stablecoins. This way, when the bull market ends and we retreat, we can move quickly and steadily.
Overall, Bitcoin breaking through 100,000 USD is just a new starting point for the bull market. With Trump in power, the opportunities and risks for concept coins are laid out before us.
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