Bitcoin continues its recent upward momentum, surging to 99,000 USD per coin, creating a new high. 99k is like a layer of window paper, easily broken through. Ten thousand dollars is within reach!
Since Trump won the election on November 5, the entire cryptocurrency market has risen by about 1 trillion USD.
Recent developments from the U.S. include SEC Chairman Gary Gensler planning to step down on January 20, the same day Trump will be inaugurated. During Gensler's tenure, the SEC took a series of enforcement actions on cryptocurrencies, and the industry expects these actions to gradually decrease after Trump takes office. Trump's transition team has already begun discussing whether to establish a new White House position specifically for digital asset policy.
Looking back at the U.S. news coverage of 'Harris's election' the week before Trump took office, it seemed more like a financial dark scheme, entirely designed for harvesting. For example, suddenly promoting Harris's victory aimed to harvest some assets from the perspectives of gold, cryptocurrencies, and the stock market.
No one would have expected that in just under a month, or rather, in half a month, Bitcoin would rise from below 70,000 to nearly 100,000 USD.
For so many years, Bitcoin has been telling everyone with one sentence: as long as you dare to sell, any position is wrong. Coins must be laid out at low points and sold at high points, and it should be done in batches. Never pursue the highest points; otherwise, it’s easy to get deceived.
But if you don't sell, they really dare to harvest you. Regarding selling at a loss, opinions vary. In any case, I believe that selling at any price is better than cutting losses; that is the right approach.
With Trump in office, as a businessman, he certainly focuses on making money, which is why Bitcoin has been rising. Today I saw FTT surge quite a bit, and I realized I missed the news on November 19 when Trump met with the explosive-haired man. Let’s see if Trump will release him as a top talent to continue making money for the U.S.
The future profit effects in the crypto circle will focus on Musk and Trump, as well as the SOL they support. Instead of playing meme PVP daily, it's better to buy SOL and the ecological JTO JUP. A few days ago, I mentioned in the group that when SOL hits a new high, the ecosystem will definitely take off. When the market comes, everything rises high.
Ethereum is taking off, and essential are ENA, ETHFI, LDO, SSV, and others.
The reasons have been mentioned before: the U.S. is lowering interest rates, and will continue to do so, so funds will surely flow to other places with higher interest rates. For instance, staking Ethereum with interest like ENA is 10%, while in the U.S. it has dropped from 5% to 4.75%, 4.5%... and continues lower. Money will first flow to large VC coins, and then to smaller ones because the premise of profit is safety. In the crypto circle, making money depends on grasping these larger premises and preparing layouts in advance; afterward, making money just requires patience.
Finally, answering a question from a fan, someone asked if perhaps this wave of a big bull market is coming. Is there such a possibility?
Absolutely.
At the same time, we should question whether the current off-exchange funds support Bitcoin, Ethereum, and all altcoins to simultaneously explode and enter a major bull market?
At least I believe it is not sufficient, so now we can expect a small bull, a rotation rise, an increase at ten or eight o'clock, but it certainly comes with risks.
So buy small, sell when necessary, ensure more exits than entries, with fewer contracts. In short, this market is a contradictory one and is far from being as safe as when Bitcoin was at low levels.
