Generally speaking, bull markets are usually led by a surge in Bitcoin, followed by capital flowing out of Bitcoin into Ethereum, which then surges and triggers a frenzy of altcoin season.
This rise is somewhat different from previous ones; this round of Bitcoin's increase is fully driven by institutions, with firms like BlackRock and MicroStrategy continuously buying aggressively.
Yes, Bitcoin has been soaring continuously.
Now, we have to adjust our expectations for Bitcoin in this bull market, from an initial prediction of 120,000 to now 140,000.
Given the intensity of institutional buying, coupled with Trump's support, Bitcoin reaching 140,000 should be very easy.
Previously, our expectation was that once Bitcoin reaches 100,000, we could start considering taking profits.
However, it now seems that only Bitcoin is shining, while the rest of the coins have not exploded.
If Bitcoin can hold steady, then Ethereum might break through 3,500, shooting up to 3,800 or even higher, and then we would see the altcoins going wild.
However, this pace seems a bit quick; I initially thought that such a rhythm wouldn't appear until March of next year, but now there are already signs of it.
At this point, I have to think calmly.
So I have reduced my position from about 75% to 60%.
At this level, I feel more secure.
If the market takes off, a 60% position is enough for me to profit, and if there's a pullback, I'll have enough cash on hand to buy the dip.
This way, I can sleep soundly at night.