Currently, we note that the fear and greed index has reached a high of 90, indicating we must be wary of a pullback. We observed that this value last occurred in March before Bitcoin peaked, at which point Bitcoin's daily volatility reached 14 percentage points. After the fluctuations, Bitcoin welcomed a peak rally. So if the market replicates the last wave of movements and experiences a sharp decline, it would undoubtedly be a very good bottom-fishing opportunity, with support in the range of 85,000-87,000, gradually accumulating physical goods.
Before Bitcoin starts to drop, altcoins should still have a small range of upward movements, especially for projects that have not yet seen much rebound. If given the opportunity for a rebound, it would also be a good profit-taking point, as their rise may only be to coordinate with the market's pullback!
From the clearing map, the upper pressure level has reached around 93,000, while the lower support levels are 89,000, 87,000, and 85,000. It's possible for the main force to go up first and then down, so be patient and wait for high cost-performance bottom-fishing opportunities to appear. When they do, enter boldly; don't be fearful when you should be greedy, and don't be greedy when you should be fearful!
Don’t worry; this is just the transition phase from the early bull market to the mid-phase, and altcoins are ready to go:
Last round, the fuse was DeFi and Ethereum killers.
In this round, the fuse has simply changed to memes.
Why is this happening?
1. The public chain lacks eye-catching innovations, and the application layer L2 has solved large-scale use cases.
2. DeFi lacks eye-catching innovations, except that on-chain derivatives are relatively more comprehensive. The biggest innovative application is the restake represented by Eigenlayer and the modular DA represented by Celestia.
The fuse for altcoin bull runs must meet the characteristics of being quick and efficient, and there must be sufficient wealth creation effects. In the last round of DeFi, there were groundbreaking projects like Uniswap, and later, a swap could be done in half a day, and a liquidity pool could be set up in a day, fast, fierce, and accurate.
However, the infrastructure projects in this round are clearly not sufficient to serve as the fuse for the altcoin bull.
And memes just happen to meet the quick and efficient wealth creation conditions.
On the development side, the basic infrastructure for various pumps is sufficiently complete; one meme can be released in a minute, and as long as there are topics, memes will never be in short supply.
On the user side, there are products like the OKX Web3 wallet tailored for meme coins.
So last round was a rise in Bitcoin, Ethereum followed, Bitcoin was flat, and altcoins soared.
This round still has the same formula, only that Ethereum's DeFi has been replaced with meme coins centered around Solana, with Solana and meme coins represented by Solana taking the lead.
The altcoin season will only be late but will not be absent. Just hold on to the chips that are hard to come by, and less turmoil might increase your odds of winning; don’t let the bull market you’ve been waiting for four years to die before dawn.
Focus on new and recently launched coins, as these coins have natural explosive conditions:
1. Focus on new projects rather than old ones, as the narrative still has stories to tell.
2. Chips are sufficiently concentrated.
3. Few or no trapped positions above.
Next, how to seize the bull market and achieve a universal increase of 10 times in the sector?
Conclusion: AI + MEME sector
First, sort out all the sectors because the crypto space is currently very clear about these sectors: DeFi, GameFi, then the TON ecosystem, the BTC ecosystem, and then meme coins and AI coins.
At the beginning of the year, meme coins and AI coins rose 10 times, while other sector coins did not increase much. In a bull market cycle, if you aim for a coin that rises two to three times, you won’t really make much money.
Think about it; if you enter on the right side and feel that it is starting to rise, you get in on the right side, and then you find it isn't working out. Can you earn 50 points or 80 points by exiting again on the right side? That would already be very excellent.
But if there’s a sector that increases 10 times overall, then just look at PEPE; no matter how it falls, it won’t drop back to its starting point. Wherever you take profits, you’ll have three to five times this return.
Provide ideas:
For example, if it has already risen to hundreds of millions of dollars or even tens of billions of dollars, if it is a purely on-chain project and hasn't listed on major exchanges yet, it is advisable not to play with it because as it moves up, its risk level increases. Such projects are usually controlled by high-profile on-chain traders, so if you go further up, funding may already be at its limit, and there's no need to keep playing.
When can we start playing?
For example, whether it’s PNUT, ACT, or NEIRO, if you judge that its chips are sufficiently dispersed and it’s not the kind of project that is offloaded by a trader, once it lists on major exchanges, or if a trader has offloaded enough, then we can talk. Look at PEPE; after dropping 80%, it spent many months on Binance before it started to soar, so this is how such assets are played. The most stable way to play MEME is like this; most other methods are just giving away money. For example, if you see it rise to 50-60 million dollars and jump in, and then it drops 20 million dollars, most people will cut losses. Even if PNUT now rises to over a billion dollars, it doesn’t concern you.
Now let's take a look at our recent operational thoughts:
Yesterday, I recommended the long-established public chain XTZ. The overall sign we observed for this coin is one word: strong. In the case of a slight pullback in the market yesterday, XTZ reacted positively and did not fall, which is a signal of a strong coin. Why should we be positioned for XTZ? Recently, several old public chains in the secondary market, such as HBAR, ALGO, and SCRT, have all doubled, so we're targeting altcoins in the same sector that haven't shown much performance yet. When the market slightly dipped last night, we were almost certain that XTZ would dominate the growth; true to expectations, today XTZ successfully ranked first in growth, and those who followed also gained over 70%. Without further ado, let's go straight to the charts!
The effect of placing a pending order at 1.5 for PNUT.
Last Wednesday, I tracked Musk's reply on Twitter about squirrels! I immediately alerted everyone to get in at 0.53, and within two days the bottom position increased by more than three times, and I had already advised reducing positions at 50%.
After the first wave, many people kept asking if they could buy in again. My unified reply was to place orders at the 1.5 integer mark. Today, PNUT adjusted to the 1.5 mark, and this wave directly moved from 1.5 to a 16% increase, and loyal fans listened well to the advice, some also profited from this rise. Crab Boss never disappoints loyal fans! The two recommended altcoins together have also doubled in returns!
When the current market is flat, we should focus on strong altcoins. We never chase high prices at current rates; instead, we operate steadily using pending orders. If we catch it, it’s the beginning of our profit-taking; if we don’t catch it, there’s no need to feel anxious; just wait patiently, as the market has not yet had a serious pullback, and we must be aware of potential risks!
