The fear and greed index has risen to 94 today. I believe this round of market sentiment is very similar to the wave from the end of October 2020 to the beginning of 2021.

Many people's focus is now on Bitcoin, believing that most altcoins are still in a sluggish state, which seems to be just a manifestation of fear, hardly reaching the level of greed. However, if we look back at past history, we can find some similarities.

If the market fully replicates the situation at the end of 2020: at that time, Bitcoin broke through the previous high of December 2017, and by early January 2021, the price was already double that of the end of 2017, while Ethereum had not yet reached the highs of early 2018.

In contrast, the current price of Bitcoin is 1.5 times the 2021 peak, while Ethereum has reached about 70% of the 2021 peak.

Through this comparison, it seems that the market has somewhat recovered.

There are two views on the future performance of altcoins: one is that the market has not yet started, and it is necessary to wait for Bitcoin to continuously break through previous highs to truly trigger a bull market for the entire market.

The other view is that the market has changed this year, and investor sentiment has gradually shifted to rationality. Many altcoins still lack substantial applications and innovations, and the market has grown tired of hollow narratives.

Therefore, investors are now more inclined towards those low circulation, high FDV (Fully Diluted Valuation) VC coins. The market is gradually developing towards a structured approach - quality assets will receive more attention, while poor projects will be eliminated.

Overall, the current market sentiment has many similarities to the end of 2020 and the beginning of 2021, but it should also be noted that the maturity of the market is increasing, and future performance may become more differentiated, with investors making more refined judgments about value.

#比特币突破10万？ #ETH市场新动向 #SOL创历史新高

Today's Key Updates:

JTO Proposal: JTO has released a new Tiprouter proposal aimed at bringing more profits to JTO stakers.

FTX Restructuring Progress: FTX expects its restructuring plan to take effect in early January 2025, with user compensation work starting in March.

Solana Spot ETF Application: Cboe has submitted listing applications for 4 Solana spot ETFs to the U.S. Securities and Exchange Commission (SEC).

Change in SEC Chair: Gary Gensler, Chairman of the U.S. Securities and Exchange Commission (SEC), has announced he will step down on January 20, 2025.

Musk Responds: Musk responded to the incident where Sun Yuchen purchased a piece of art with a banana glued to the wall for $6.2 million, stating that art is often used as a tool for money laundering and tax evasion.

Cryptocurrency Market Sentiment: The fear and greed index of the cryptocurrency market has risen to 94, remaining in an "extreme greed" state for 11 consecutive days, indicating extremely optimistic market sentiment.

#比特币突破10万？ #ETH市场新动向 #SOL创历史新高

SHIB Contract Trading Suggestions:

Currently, the price of SHIB is 0.0248. It is advisable to consider entering a long position near this price, with a stop-loss set at 0.0235 and a target price looking towards 0.0285.

Currently, SHIB's trend is performing well, especially in the context of Ethereum breaking through its daily resistance level. Although SHIB has not yet experienced significant fluctuations, it is expected to welcome a recovery trend. At this time, the price is close to the resistance zone, so it is recommended to enter with a light position and set a stop-loss, waiting for potential rebound opportunities.

#比特币突破10万？ #ETH市场新动向 #XRP与SEC新局面

November 22 Market Hotspot Overview:

Daily trading volume reached a 12-month high, with significant changes in market dynamics indicating a rebound in capital activity and market sentiment.

The Trump administration may establish a position of "Crypto Czar," with Chris Giancarlo seen as a leading candidate, expected to promote clarity in crypto industry regulation.

Gary Gensler, Chairman of the U.S. Securities and Exchange Commission (SEC), will step down on January 20, 2025, a change that may have significant implications for cryptocurrency market regulation.

The U.S. Consumer Financial Protection Bureau (CFPB) has finalized digital payment rules for large non-bank companies but decided to exclude financial innovation products, including cryptocurrencies.

A Texas court overturned the SEC's expansion of the "dealer" rule, a ruling that provides legal protection for the crypto industry and reduces regulatory pressure.

#比特币突破10万？ #SOL创历史新高 #非BTC板块市场走势

After the evening Bitcoin price retraced to $95,600, it quickly rebounded and surged to $99,100. I have always emphasized that in the current strong trend, a retracement is merely a brief adjustment and accumulation phase. Now that the Bitcoin price is approaching the $100,000 threshold, we still maintain a bullish stance.

Specific operational suggestions are as follows:

Bitcoin (BTC): It is recommended to go long with a light position around $97,700, targeting a price of $101,000.

Ethereum (ETH): It is recommended to go long around $3,300, targeting a price of $3,450.

#比特币突破10万？ #ETH市场新动向 #SOL创历史新高

BTC is nearing $100,000, do not act impulsively, there is a high probability that there will be selling from the market makers here. Although ETH has not yet risen significantly, it is already close to the resistance level of $3,500, and may face some selling pressure in the short term.

During the weekend, BTC is likely to experience sideways consolidation, while altcoins may show certain opportunities during this period.

ETH can only confirm the momentum for further upward movement if it closes above $3,500 on the daily chart.

Therefore, it is recommended to avoid excessive positions in short-term operations, control the pullback positions well, and ensure that trend trades have good risk management.

#比特币突破10万？ #ETH市场新动向 #FTX偿还计划

Sol：

The current price has broken through historical highs, with the next key level at around 280 dollars. If it can maintain a position above 280 dollars, it will open up greater upward potential for the price.

#比特币突破10万？ #ETH市场新动向 #XRP与SEC新局面

Recently, I researched the lowercase $eliza and started building a position on a small scale. According to the current narrative situation, the price trend may be influenced by several factors, especially whether the largest holder, AI16z, will sell off.

If AI16z chooses to dump, the narrative's appeal will be very strong, and in that case, the valuation of $eliza could reach 500 million.
If there is a buyback, the narrative's heat will be relatively high in the short term, and the valuation will likely reach around 100 million.
If no actions are taken, the narrative's appeal will be significantly reduced, and the valuation may remain at the current high point, making it difficult to rise further.

From a rational perspective, the current risk of $eliza is quite high, so I also remind holders to view it rationally and not to blindly follow the trend.

#BTC再创新高97k #非BTC板块市场走势 #孙宇晨购得喜剧演员 #BTC何时突破10万？

The weekend market is about to arrive, and some altcoins are expected to experience strong surges this afternoon.

If Bitcoin does not have significant fluctuations, there will still be plenty of trading opportunities in the market over the weekend.

The altcoin market may also welcome a recovery.

However, please remember that regardless of how enticing the market narrative may be, avoid chasing highs and always stick to a low-position strategy, which is a prudent approach.

#非BTC板块市场走势 #BTC再创新高97k #MEME趋势风向

The Dogecoin traders prefer to follow the trend and align with Bitcoin's movements. When Bitcoin rises, Dogecoin also rises; when Bitcoin falls, Dogecoin will follow suit.

The XRP traders, on the other hand, adopt a counter-trend strategy. When Bitcoin rises, they tend to consolidate; and when Bitcoin falls, they sometimes intentionally push the price up.

Ethereum has historically maintained a high correlation with Bitcoin, but since last year, as public chain technologies like Solana have gradually matured, the correlation between Ethereum and Bitcoin has weakened.

With the gradual maturation of a series of public chains such as Solana, SUI, TON, TRX, APT, and AVAX, Ethereum has lost its former unique advantage. This change is also reflected in the market, where funds that once flowed into Ethereum are gradually attracted to these emerging public chains, leading to Ethereum's market performance no longer being as dazzling.

#BTC再创新高97k #非BTC板块市场走势 #MEME趋势风向 #BTC何时突破10万？

In the cryptocurrency circle, most investors are in a state of loss. The main reasons can be attributed to the following three points:

Choosing the wrong currency

Although altcoins still have some potential for growth in the current bull market, most currencies do not have the motivation to continue to rise. Only a few currencies can really achieve good performance. If you do not have a deep understanding of the overall development trend of the blockchain industry and lack sufficient cognition, you can only choose those currencies with lagging information and lack of prospects.

Even if you are lucky enough to buy a currency with better performance in some cases, due to the lack of in-depth understanding of the currency, the investment proportion is often small, and the overall funds are still mostly in a state of loss.

The timing of buying is not right

Choosing the wrong currency and lack of understanding of the fundamentals can at least increase the probability of winning and reduce the risk of loss through technical analysis.

When you are interested in a currency and see its good performance, investors should also use technical chart analysis to determine whether it is the right time to enter the market, rather than blindly chasing the rise.

Through market trend and disk analysis, you can avoid blindly following the trend at high levels and reduce losses caused by wrong buying timing.

Not able to sell properly

Even if they are lucky enough to invest in a currency with excellent performance, many investors often ignore the timing of selling. Either they are eager to sell when they make a little profit, or they insist on holding on when the market has peaked, missing the best time to sell.

Even if the market gives opportunities, if you don’t have enough skills and judgment to grasp them, you will eventually miss the opportunity to make a profit.

Successful investment requires not only good selection and buying timing, but also the ability to stop profit and stop loss at the right time.

#非BTC板块市场走势 #MEME趋势风向 #BTC何时突破10万？

The profit margin for PUNT has basically been exhausted, and it might be time to consider starting to accumulate spot positions.

It is recommended to enter a position around 1.25; if you are more aggressive, you can enter at the current price.

The average price is around 1.4. If there is a subsequent pullback, you can make additional purchases in the 1.1 to 1 range.

Regarding target prices, if you are looking at the long term, you can wait for the previous high area to take profit; if you are trading short term, the target price can be seen in the 1.9 to 2 range, which still has considerable upside potential.
#非BTC板块市场走势 #BTC再创新高97k #BTC何时突破10万？

The good news is that Bitcoin has reached a new historical high, breaking through $97,000! But the bad news is that altcoins are still in a slump, with Ethereum remaining as stable as a stablecoin, still hovering around $3,100.

Ethereum's current performance is actually related to the recently surged public chains like Solana, Sui, BNB, etc., which have taken away a lot of ETH's funds and market traffic.

As for the trend of ETH, my personal opinion is that past trends can temporarily be disregarded, and instead, we can focus on the breakout trend that started on October 17th of last year.

The performance since then has provided us with good references. Now, ETH's trend has not seen a significant surge, which actually indicates that the current market is still in its early stages, because when ETH starts to surge wildly, it is usually at the tail end of a bull market.

Therefore, from a broader perspective, the current relative stability may be a signal that the market has not fully exploded yet.

#BTC再创新高97k #BTC何时突破10万？ #BTC何时突破10万？

The current price of BNB is 611, and today we need to pay attention to the support level at 610.

On the 4-hour level, if the closing price can stabilize above 610, the market is expected to continue to develop upwards. At this time, we can pay attention to the resistance levels above: 615.3, 621, and 630.

If the price cannot break through and maintain above 610, it may indicate insufficient upward momentum. The support levels below can be watched: 597.5, 592.7, and 587.

#非BTC板块市场走势 #BTC何时突破10万？ #BTC再创新高97k

$FLOKI Trend Analysis:
In the case of a downward movement in Bitcoin at night, $FLOKI has shown strong support, maintaining above the daily EMA12.

The 1-hour chart shows a significant rebound, performing strongly in the short term. Although the daily-level rebound has not yet reached the height of PEPE, it still has the potential for further gains.

Target range: 3100-3500, support level: 2480.

#BTC何时突破10万？ #BTC再次刷新历史高点 #比特币ETF期权上线 #上市公司比特币战略

After communicating with some friends who have made huge profits in this round of bull market, I deeply feel the wisdom in it - simplicity is the ultimate sophistication.

Making big money relies on heavy bets, not on diversification: true wealth often comes from bold bets rather than overly diversifying investments.

Some have held the same coin for 9 months and eventually achieved considerable returns. This approach emphasizes the importance of focus and patience.

Surviving in a bull market: besides investing, maintaining health and a good routine is equally crucial.

Fitness, a regular routine, and keeping a calm mindset help you survive longer in a bull market, avoiding being overwhelmed by market fluctuations.

Stay away from noise and wait patiently: in an information-overloaded market, learn to filter out noise and stay calm. Most importantly, have a stable job and cash flow, which allows for independent thinking and action during market fluctuations.

Luck cannot be ignored: sometimes, luck is also an undeniable factor.

Some project teams also do not understand why their coin suddenly rises, which reflects the unpredictability of the market and the coincidence of certain timings.

#BTC再次刷新历史高点 #比特币ETF期权上线 #上市公司比特币战略

It seems that there are quite a few friends interested in cat, so let's elaborate further on cat.
The buying power of cat is quite strong. Looking back at the daily K-line on November 14, there was a bullish candlestick accompanied by huge trading volume, with a long upper shadow. Normally, this indicates that organic buyers (possibly some institutions or large investors) are likely unloading their positions. This can also be detected from the daily K-line on November 15, which similarly closed with a long lower shadow. Why is this?

The reason is that either the dog (possibly the maliciously manipulating stock price speculator) is defending the price, or other institutions are defending the price, causing the buying power to remain strong. As a result, cat is very likely to see another upward trend.

Therefore, in terms of operation, it is recommended to primarily use a low-buying strategy. The support levels are at 476 and 450. If there is an effective rebound after buying low near these two support levels, one can directly enter the market. However, if the 450 support level is effectively broken, one must exit immediately (be decisive in exiting!).

#BTC何时突破10万？ #BTC再次刷新历史高点 #比特币ETF期权上线

Before buying out of fear of missing out (fomo), consider which investment stories (narratives) are those that you can hold onto even if the price drops after you buy, and even want to add to your position, otherwise it is easy to be influenced by fomo emotions and incur losses.

Some time ago, I advised everyone that during chaotic and disorderly market conditions (chaotic pvp, where pvp may refer to a specific market context), it might be a good idea to buy some quality old memes at the bottom.

As a result, a month later, these old memes had basically increased by more than 5 times.

Now, we need to think about which narratives are sustainable, meaning which assets do you think will be re-exploited when the market calms down after buying them? Once you understand these questions, it should significantly improve your chances of investment success.

#BTC何时突破10万？ #BTC再次刷新历史高点 #比特币ETF期权上线 #上市公司比特币战略

The bull market has begun! The following are the main leading MEME projects that are currently worthy of attention:

1. Musk-related series: DOGE (Dogecoin), PNUT;

2. V God-related MEME leading project: NEIRO;

3. Meme project combining religion and mascots: LUCE;

4. Meme project integrating art and fruit elements: BAN;

5. AI and Meme combined projects: GOAT, ACT, CENTS;

6. Zoo-themed MEME project: MOODENG;

7. Cult (cult culture) type MEME project: SPX;

8. Leading project in the AI ​​Meme vertical field: WORM;

9. BSC ecological Meme leading project: CHEEMS;

10. Artist-themed MEME leading project: BOME;

11. Frog-themed MEME leading project: PEPE, BOME.

#BTC何时突破10万？ #BTC再次刷新历史高点 #比特币ETF期权上线 #上市公司比特币战略 #市场围绕90K

NEIRO is about to break out of the descending wedge pattern. After the breakout, a bullish rebound of +40% to 50% is expected, so please pay close attention to this cryptocurrency.

The following are some of the cryptocurrencies involved: SUI, SOL, DOGE, PEPE, BOME, ORDI, NEIRO, SATS.

#BTC何时突破10万？ #BTC再次刷新历史高点 #比特币ETF期权上线 #上市公司比特币战略