The new week started with BTC breaking its historical high in the morning. With every new high, there are always concerns about a pullback; these worries are more psychological. After all, it is still the FOMO time in Asia, and the points to truly be concerned about will be seen after the American stock market opens in the evening.
Currently, the good news is that MSTR has been included in the Nasdaq 100, and institutional funds continue to accumulate positions, undoubtedly injecting more confidence into the market, setting the stage for BTC to continue its upward trend! Hopefully, tonight will see significant performance in ETFs, meaning don't crash BTC. The sentiment remains very positive.
The most important event this week is the Federal Reserve's interest rate meeting on the 19th. According to current market forecasts, there is over a 95% probability of a 25 basis point rate cut, which is favorable for the market. The market is likely to take this opportunity to rise. Previously strong altcoins should be monitored again. In the absence of new strong stimuli in this round, the market has been trading in cycles, and after AI, it might start to focus on strong altcoins again, such as Pepe, Sol, Punt, Doge, etc.
In the meeting, it’s just Powell’s speech, which might stimulate market speculation about new sentiments. Japan should not raise interest rates this month, so in the upcoming market, it's essential to pay attention to your spot costs, especially since there are only a few days left until Christmas!
Christmas is a risk because the US stock market will be closed, and without market makers, BTC's situation may become uncertain. If BTC drops, altcoins could face serious declines. Therefore, the previously mentioned position control is necessary, and for short-term trading, if you want to maximize profits, you should consider reducing your positions around December 20.
Christmas will not affect the overall trend. After New Year's Day, with Trump officially taking office and the new SEC chairman, the next rise will definitely continue. Without negative data combined with bad news, there won't be any significant issues!
In summary, your long-term holdings can ignore the Christmas market, such as Aave recommended at position 160 by the Crab Boss, Dash at position 35, Comp at position 71, and FET at 1.3. Holding these low-cost assets can help you disregard this wave of impact. Additionally, for those holding USDT or who have exited positions, wait for trading opportunities around Christmas.
The altcoin bull market has only completed 20%.
Referring to Bitcoin's new highs, many altcoins still appear to be dying, lingering at low levels without breaking through in the process of Bitcoin reaching new highs. Only a few have begun to gain momentum, such as XRP, ADA, TRX, XLM, LINK, which are either setting new highs or approaching previous highs.
Most secondary altcoins listed on major exchanges are still hovering around bear market levels. This is precisely where the opportunity lies. As long as the projects are still operational, one needs to search more; it's highly likely that institutions have already intervened and established control. When the timing is right, a 3-5x increase can happen in just 7 days, and within a month, it can yield profits that have been building up over three to four years!
Altcoins can complete the two-year bull market process of Bitcoin in just 7 days. Any secondary altcoin in major exchanges will likely explode in a real bullish market, with 99% of good targets showing a three to five times increase, and many even exceeding a tenfold increase.
No matter how your narrative changes, as long as liquidity is abundant, even the oldest assets can experience explosive growth. Most assets may be stagnant for years, but a surge can happen in just a week or two. Only a few assets, like BTC, can provide a tangible bull market process like a bulldozer.
Because most people do not believe and cannot see the hope or the underlying logic of altcoins, the altcoin season is bound to arrive. Stocks that are still operational will surely explode.
Back to the market:
Although Ethereum has performed better than most altcoins, the ETH/BTC exchange rate is still declining, having fallen below 0.038. However, last week, Ethereum ETF inflows reached $850 million, setting a historical weekly record. This indicates that off-market sentiment towards ETH has improved. Several institutions are predicting that Ethereum will reach new highs before the end of the year, which I also think is quite plausible, as long as the Ethereum Foundation doesn't create any issues, reaching new highs will be a straightforward matter!
Sol has not performed well this week, and the SOL/BTC exchange rate is also declining. It must be mentioned that Bitcoin's long-term trend is indeed strong. To be honest, Sol has performed well this year, with various memes, financing models, and even AI, DePIN narratives occurring on the Sol chain. Nevertheless, the SOL/BTC exchange rate is still declining this year. However, as this year is coming to a close, SOL will launch an ETF next year. Whether it succeeds is another matter, but the sentiment is already high, so we have been accumulating at 200-205. I hope Sol doesn’t disappoint me!
Which altcoins can be held long-term despite negative news?
First of all, there's DOGE. Breaking new highs for Doge is just a matter of time. After Musk takes office as the DOGE minister in January, he will definitely mention DOGE multiple times, so there is still upward potential. If you think the cost performance is not high, you might consider Pepe or Floki.
The logic behind Pepe is that the community consensus is quite strong. The most important aspect of a meme is the meme itself, and Pepe possesses this quality, establishing its position in the meme sector. It continues to look for a 5x increase.
Another one is Floki, which also has community consensus. However, Floki's advantage lies in the project team's willingness to spend money on advertising, billboards, and appearances on CCTV news. These are all efforts made by the project team to drive traffic. Holding Floki will also continuously yield airdrops; the last time it was a 4% CAT profit for total FLOKI holders, and recently it was announced that another airdrop will be issued, this time for MONKY. Therefore, Floki truly understands its users, not only allowing you to profit from price increases but also providing free airdrops for you to hold onto!
Following that, there's RWA's Ondo, including DeFi's Aave and MKR. Currently, it's relying on Trump's brand holdings to buy in, so Ondo and Aave have seen good growth in the past few days, indicating that these two sectors also have certain growth potential in the future.
Then there's AI; AI hasn't shown significant performance throughout this round. For instance, FET at 1.3, recommended by the Crab Boss, can also double. If you think FET is outdated, you might consider AI + meme projects like ACT.
Speaking of ACT, let’s discuss PNUT. The owner of PNUT's prototype wants to report BN for infringement, which is clearly an attempt to extort money from BN. However, this operation is not the intention of the project team; it’s the prototype owner who wants to make money from this opportunity. Let’s see how BN responds. Additionally, PNUT was also recently announced to be listed on Coinbase, and it may officially land on the Coinbase exchange in half a month, which will open a new round of price increases. Previously, everyone was advised to place orders between 1.05-1.15, so hold on to your expectations!
