Driven by multiple positive factors such as Trump's election as the new president of the United States, continuous net inflow into Bitcoin spot ETFs, and companies like MicroStrategy increasing their Bitcoin purchases, Bitcoin is entering a new round of explosion this month. This morning (23rd), it surged to $99,588, just under $500 away from the $100,000 target.
At this height, Bitcoin can no longer be effectively driven by retail investors. BTC has entered the institutional era. Now institutions are really going crazy, basically buying in billions through Tether every day. They are all waiting for a big correction in Bitcoin, but institutions are buying en masse, and this wave of price increase in the crypto market has already gotten out of control!
Mainstream coins are going crazy; I really didn't expect old A8 to be so strong! Bitcoin surged to 99,000, SOL broke through the previous bull market peak during the session, XRP soared by 18%, ADA surged by 23%, these two mainstream leaders have recently seen a significant upward trend. AVAX surged by 20%, XLM surged by 50%, ICP surged by 22%, HBAR surged by 16%, ATOM surged by 17%, ALGO surged by 20%, IOTA surged by 16%, LINK.DOT.POL.VET.EOS rose 10%. SCRT surged by 65%, this is a public chain of the Cosmos ecosystem, COTI surged by 45%, a payment concept influenced by Ripple, TRUMP rose by 23%, the spotlight has shifted to public chains. Old mainstream and public chains have experienced a one-sided upward trend, and this bull market for old public chains is stronger than the previous one. I didn't expect Bitcoin to reach $100,000 so quickly, exceeding expectations. A bull market exceeding expectations is a strong trend. So far, apart from MEME which has gone crazy, it's all about public chains, while others are basically lying low without performing. Sectors rotate, there are priorities, what I have studied for many years is the big trends and which sectors to watch in a bull market.
However, I think we need to focus on studying the patterns of sector rotation in the future; the differences in growth rates are becoming too large. In the fourth quarter of last year, inscriptions, mainstream, AI, after the new year AI, MEME, inscriptions cooled down, mainstream was average. This year in the fourth quarter, MEME, mainstream. Yesterday there was a surge, and today early XLM and ADA led a strong push. SHIB just took the lead, DOGE is back too; it has taken a break for a few days. Yesterday I suggested switching to the meme sector, now Dogecoin and Pepe are flying, so some coins should be switched to keep up with the hot coins for assured profits.
A correction in a bull market is an opportunity. If you have high hopes for a specific track or coin, if you miss it, don’t wait to FOMO buy when it’s surging, and don’t hesitate to buy when it’s correcting. If you can do these two things, you will elevate yourself from the low-level retail trader status. Is it hard? Not really! What’s hard is human nature. Finally, I recommend a few targets to consider for purchase:
Bitcoin: The U.S. plans to treat Bitcoin as a strategic reserve, with large amounts of capital about to flow in. At least allocate 20%-25%.
UNI: The public chain will launch later this year, and node operators need to stake UNI, which will be used as gas for the public chain.
BNB: Binance will continue to provide good news for new listings, and all of Binance is working for BNB. STX: Mainnet upgrade completed, long-term target is $3.
CHR, long-term target $1, various ecosystems are developing, focusing on a gaming public chain, comparable to IMX.
FTM, the project team is strong, targeting $0.9.
STX: Mainnet upgrade completed, long-term target is $3.
