With the conclusion of the U.S. elections and Trump's victory, Bitcoin surged from around 69,000 to over 76,000, rising more than 7,000 points, showcasing a very strong trend. Today, there was some pullback. This morning, with Ethereum's strong surge, Bitcoin reached a maximum of around 76,000, followed by a decline, currently at a minimum of 74,450. Altcoins are inherently volatile, and with Bitcoin still being the main stage, it's better to position at low levels rather than chasing directly; the cost-effectiveness is relatively limited, and often when you chase in, a pullback follows.
Currently, Bitcoin around 74,500 has short-term altcoin rebound opportunities, mainly because Bitcoin has yet to fully break out of its range. At least it needs to reach above 80k for altcoins' rise to become relatively stable! It's all about ups and downs right now!
Currently, funds exhibit a rotation effect. If your chosen assets haven't risen temporarily, be patient with your holdings and don't switch positions casually to chase high prices. Just hold onto the spot assets you believe in!
Pay attention to the Fed's interest rate meeting at 3 AM. After the news lands, risk capital should enter the market again, pushing Bitcoin to even higher levels.
After Bitcoin breaks new highs, all altcoins will soar; this is what I said before. Yesterday, all altcoins were rallying. If you didn't trade contracts and weren't liquidated, you're probably making money to some extent. The next two months will be what we call the crazy mode; we must cherish it.
I've repeatedly mentioned a logic: once mainstream capital and institutions enter the market, apart from BTC and ETH, they will definitely think of quality altcoins with infrastructure.
As for Bitcoin, I think the favorable situation after Trump's election will continue to ferment; analyzing the market has lost its meaning. Here, the focus should be on the cycle. If Q4 achieves 100k+, then consider taking some profits and wait for a pullback to continue buying and holding, which can be seen as a strategy for escaping the top with Bitcoin!
After BTC reaches a new high, the future is all about stars and the sea!
BTC hit a new high on election day, breaking 76,000. As we all know, coins that break previous highs are the strongest. The contract holding volume remains the same as last week, and the highest liquidity liquidation line has already been cleared at 76,400.
The lower range of 72k to 74k is also near previous highs, with significant long positions being liquidated. If there is a pullback, first look at this area.
Current market main line:
Trump's election has brought significant fundamental changes to ETH series DeFi coins and staking coins. Projects that couldn't stake or issue tokens due to SEC regulation can now do so, like Binance's new coin COW, and the combined leverage of UNI + ETH.
The main line of the MEME market will still not change because meme is the greatest common divisor of the wealth mentality in the crypto space. The leading meme this time: lowercase Neiro, AI + meme main line GOAT, one is on the ETH chain, and the other on the SOL chain, both are places with sufficient liquidity and appeal.
BTC, previously many may have thought BTC was too high, but being sufficiently expensive is a reason for large funds to invest. The previous BTC ETF and subsequent policy support for BTC have led to a fundamental change. When altcoins have no selection, it may be better to just trade BTC; the lower limit is already determined, and the upper limit is still far away.
Some views on currently popular altcoins:
GOAT - The leader in the AI + meme narrative, with today's turnaround, I believe this story can last for a while.
UNI - With Trump's victory, Unichain will soon eliminate SEC risks. From the price trend, the market gives full affirmation.
RAY - I think Raydium is better than Uniswap, it will generate more fees and token income, and share revenue, which makes it severely undervalued compared to UNI.
SOL - I believe it is the next Ethereum, further reducing Ethereum's regulatory advantages, and a SOL ETF may be coming soon.
NEIRO - This has been mentioned in recent days; a very influential whale is promoting it.
AAVE - Similar argument to Uniswap, AAVE, as one of the leaders in the DeFi track, is an overall strong project.
DOGE - Musk fully supports Trump, and DOGE is deeply tied to Musk, so after Trump's election, it will naturally rebound to DOGE, which is also a catalyst for the recent continuous rise.
TAO - Has always been a good choice. Some people worry about token release issues, but as a leader in the AI field, I don't think this is serious.
SUI - The leader in Move language, it seems we are going to conduct another round of flywheel testing.
Summarizing several directions for altcoins:
1: Ethereum L2 and DeFi are resonating for a rebound.
2: The Bitcoin ecosystem inscription concept is regaining strength.
3: Concept assets combining meme and AI.
4: RWA will soon produce leading projects.
5: New narrative concepts will emerge in the market.
These directions are still mainly cheap assets, find the leading coins to lay out positions, with meme stocks being the primary choice for short-term trades, and long-term concepts in the Bitcoin ecosystem and L2, AI has no issues basically.
