Bitcoin is poised to reach new highs!

BTC had one bearish and one bullish candle over the weekend; this morning, it first aimed for a high point at 69,519, while ETH slightly drove the market's corrective trend. Don’t chase short-term trends anymore, as being too focused on short-term trends in the likely upcoming major upward wave can lead to significant losses, 'selling high always earns'.

Starting from October 1st, the environment of interest rate cuts and the election has allowed BTC to rise from 60,000 to nearly 70,000, with MEME soaring; most altcoins are also nearing the bottom, marking the beginning of a new cycle. Here, BTC is still expected to move towards new highs, and a batch of trading opportunities will arise.

As I mentioned before, Q4 will have super trends. In the past two days, everyone has seen Bitcoin's movement; the market is sprinting toward the 70,000 mark. When it truly breaks through in an instant, that’s when the trend will really perform. November, accompanied by the election, interest rate cuts, and the imminent release of liquidity from FTX, will make the market even crazier.

Fear and greed in the market continue to increase, with the total open positions in Bitcoin contracts breaking 40 billion USD, indicating a very high level of market participation.

For friends without positions, it’s a reminder that there’s no need to chase high prices; pullbacks are still a good entry opportunity.

Maintain calmness and don’t miss out on the long-term bullish market trend due to short-term fluctuations. Also, pay attention to position management to prevent risks from sharp market fluctuations.

Secondary market:

From the perspective of altcoin accumulation structure, the increase in this round of altcoin trends will definitely not disappoint everyone, although I cannot say this will be the most exaggerated one in history.

The accumulation cycle is very long; in the past, altcoin accumulation took about a month, but this time it generally takes 2 to 3 months. It's not just accumulation; this round has also gone through extreme shakeouts. Looking back, this past year has been filled with various torments, making one shiver.

Especially considering the massive sell-off on August 5th, with such large trading volume and a lack of liquidity, one can think about who picked up the chips?

So, during this period, I’ve been telling everyone to hold on; there will be altcoin trends, and you must endure. Those who can hold out are like those who crawled out of a pile of dead bodies.

Most altcoins are waiting for Bitcoin to break new highs.

Currently, the ones starting are some public chains preparing to do memes; the three idiots of inscriptions are also stirring: ordi, sats, rats.

In the past few days, the cryptocurrency sector has experienced an overall surge, with familiar coins like AXS and YGG leading the way, and the increase is quite notable.

The meme trend will continue, but the sectors will also rotate; currently, the performance opportunities on CEX will be better, as altcoins are at the bottom. Therefore, everyone should actively adjust their strategies; when on-chain PVP doesn’t work, go back to CEX to see many cheap quality chips.

The spring of the crypto market is back!

It’s not easy to hold on until now; the market has been fluctuating for half a year, feeling very disoriented. Finally, we are about to reach the other side of the river—

Confidence determines everything; the market sentiment decides the trend, and market sentiment is the easiest to guide and influence; do you think the trend is driven by retail investors?

The rise is simply because it needs to rise; this bull market is worth it, and it's only a matter of time. This is the ultimate reason; understanding this reason is ten thousand times more important than understanding all those chaotic analyses!

Many times, price changes have nothing to do with fundamentals; it's just that someone is buying or someone is selling.

Why care about what others think? Think clearly about what you think and what your strategy is to achieve great success!

Confucius said: The benevolent are free from worries, the wise are free from doubt, and the brave are free from fear!

The difficult days have passed; good days are coming soon. When do you think Bitcoin will break new highs?