The macro background of the market from October 2024 to now: This round of interest rate cuts began in September 2024, combined with Trump's friendly attitude towards crypto as the new U.S. president. The balance sheet reduction in Q1 next year may be nearing its end, along with the spot ETF. Although there hasn’t been a flood of liquidity yet, we are finally transitioning from tightening to easing. The new four years are very much worth looking forward to.
The first wave is from now until Q1 next year, then we’ll see if there’s a recession in the U.S. or other black swan events. If so, it will be another 312 event, followed by a situation similar to 2020-2021.
If there’s no economic recession in the U.S. and a soft landing occurs, then there won’t be a 312 event, and the music will continue to play and dance on.
BTC, SOL, and BNB including the new public chain SUI have risen, driving the increase in the MEME sector, while other sectors remain relatively quiet. As we analyzed earlier, we need ETH to make a strong move. Coincidentally, ETH is currently gaining momentum, seemingly starting a second wave.
Since ETH has initiated a second wave of increase, given the macro background, a general upward season for all altcoins is highly probable. However, if you're looking for a specific sector that performs well, the following are worth considering: new and old public chains, MEME, L2s on ETH, and AI-related projects (like AI+MEME). As for games, it’s not that they are not chosen, but they might be a bit behind.
In grasping the new narratives and sectors in the market, Binance serves as the industry barometer, coupled with Binance's liquidity capacity, which cannot be doubted. More importantly, it’s about the information from the U.S. Without saying much, the rise of DOGE speaks for itself.
Bitcoin has opened the ceiling for DOGE!
As mentioned before, the cryptocurrency market is interconnected. If Bitcoin breaks through strongly, then Doge will inevitably choose to break upwards!
After entering the position at 0.35, it has already increased by 30%! Sometimes trading is simple; just execute the ideas and points given!
FTM has always been a long-term holding for me, and my first target is to see it reach 1 USD! In the VIP group, we entered at 0.63, and it has now yielded a 50% profit!
Internal group ZK shorted 15%!
You can check the post from a few days ago about bottom-fishing Ethereum! That day, Ethereum broke through the key level of 3250! Subsequently, OP and ARB surged! This means that the entire L2 sector is rising, so hurry to notify and ambush ZK, which hadn’t surged yet and was just following the trend! The cryptocurrency market is interconnected.
Timing and selecting coins have been noted. Getting on board isn’t hard; any project needs to consider the macro background, its sector, the exchange it’s on, the market makers (the nature of market makers), the ceiling of the same sector, and the potential valuation based on the sector narrative. No project can keep rising indefinitely; there will always be a need to consolidate, even BTC is the same. The market is counterintuitive.
Sometimes, the clouds part, revealing the bright moon.
