Bitcoin has strongly broken through 68,000. Regardless of the K-line pattern or the macro trend, everything shows that the probability of a bull market is getting higher and higher. In addition, an indicator that I have been paying attention to and is very useful is "CEX Bitcoin Reserve".

According to @cryptoquant_com, nearly 51,000 bitcoins were withdrawn from CEX in the past month, and the CEX bitcoin reserves fell to the lowest level since 2010. This data shows that more and more people (including retail investors, institutions, etc.) are optimistic about the future of Bitcoin, so they withdraw their coins to their wallets to wait for the price to rise. Historical data also proves that after the CEX bitcoin reserves hit a new low, the price of Bitcoin often reaches a new high.

On the macro level, as the election approaches, we can see that Jianguo's approval rating is far ahead. Trump's winning rate in November soared to 61.7%, far surpassing Vice President and Democratic presidential candidate Kamala Harris. This is the biggest positive for the cryptocurrency circle. Bitcoin's narrative in the fourth quarter needs to be supported by Jianguo's victory, and now it seems to be basically stable.


In terms of U.S. stocks, the Nasdaq is very close to a new high, the S&P 500 has set a new high, and risk assets have performed well. With the start of the Federal Reserve's interest rate cut cycle, global liquidity conditions will get better and better, which is also an important basis for the rise of Bitcoin.


The data of Bitcoin ETF on the 17th came out, and $471 million continued to flow in. The trend is already very obvious. Many people told me that it is only a bull market for Bitcoin, and there is no bull market for altcoins. These people only look at the price and wait until the altcoins are in a crazy growth stage, and they will shout: big bull, big bull. Emotions completely follow the rise and fall, and never plan for the future. It is a zero-sum game, doing things that others dare not do. VC is definitely not playing house with us. They come to this market to make more money. The pull is in "a moment", waiting for the wind to come.





► OK


Ondo is a project that provides decentralized financial services to institutions, focusing on the tokenization of real-world assets. It has risen 16 days out of 30. The current price is $0.73, an increase of 227.99%. Ondo has a stable performance and high liquidity, and has great potential in the future.



► $BABY


This year's newcomer in MEME coin, the leader of Auntie meme, MEME will run through this bull market and continue to be optimistic in the long run. With the strong appeal of Pepe Frog, it has gradually become the leader of MEME coin. Whether it is early supporters or the entire crypto community, PEPE's rise is remarkable. This kind of coin that has broken away from the bottom range has huge targets and space above.




► $Neuro


Neiro is definitely the next bull coin! It has the support of Binance, a powerful market maker, and Shib team. It is better to look at the trading volume than the K-line, because the trading volume is the real signal. This coin is second only to the two meme leaders of this round, pepe and wif.

The operation characteristics of the trader are: after each surge, there will be a callback, and then consolidate within 4 hours. Before taking off, there will be a false break, and then pull up. Each fluctuation is about a dozen points. Friends who do leverage can place orders at the bottom of the box. After four days of sideways trading, I think it is still inclined to surge upwards. It is safer to control the leverage below 5 times.



► $BABYDOGE


Baby dog, the dog dealer is very strong. The tokens in 2021 have been washed for a long time. The technical form bulldozer rises, one yang penetrates three yins, and each time it accumulates power, it continues to rush upward in the form of a big yang line. The cottage is the object that can be configured first in the case of a callback. I heard that it will directly sponsor the 2024 Binance Blockchain Week in Dubai, and it is likely to be launched on Coinbase next.



► $ABOUT

In the RWA sector, the leading currency OM (assuming it is OM) plays a key role in the MANTRA chain ecosystem, especially in the tokenization of real-world assets. And OM has risen by 8037% this year. Currently, the price of OM is around US$1.54.

If the price pulls back, this could be a good opportunity to enter the market directly with a target price of $2.