The large meat grinder market trend that lasted for several months has basically come to an end, and we will welcome a few months of one-sided upward trends. With the victory of the understanding king, the fundamentals of the crypto circle have basically stabilized, and SOL and BTC have taken the lead in launching the 5-wave charge at the 20-day moving average.

On the chart, we can see that the KDJ of the 20-day moving average has finally formed a golden cross. In fact, it golden crossed on October 27, but I wanted to wait for the resonance of the altcoin index (closing on November 16). Currently, it seems to be conservative.

At present, it appears that SOL's target position should be around 300, and if the market is strong, it can approach 400. BTC may experience an explosion in the fourth quarter. According to the calculations of the Bitcoin cycle master, the target position is around 140,000.

We still follow the leader mentality. Eating MAGA and DOGE during this time is very satisfying; they are the leaders of the election theme, and the upcoming leaders are undoubtedly BTC and SOL. After being full, we can then look at other altcoins.

It is important to note that BTC and SOL are actually in a 5-wave trend of the 20-day moving average, while the entire altcoin market is in a B-wave trend. Therefore, the strength and weakness differentiation among altcoins will be very severe. Betting now is easy to just watch without price movement. Currently strong altcoins are SUI, DOGE, AAVE. Do not fall into the mental trap of thinking about ambushing; the bull market is short-lived, and the key is to eat the meat within the limited time. ​

Those altcoins with good patterns but no narratives may explode, but they either stay down for a long time or do not last, wasting time. When the wind rises, we must embrace the brightest ones.