On the 19th, Bitcoin hit a new all-time high, reaching $93,844, up more than 3% in 24 hours.
In the past ten days, Bitcoin has been fluctuating sideways. Judging from the K-line trend of Bitcoin alone, it is still difficult to see a sharp downward trend.
Two possibilities are predicted:
1. Before November 28, it may hit a new high of 95850 and then start to retreat. If it hits a new high before November 28, the altcoin will also rush upward, so be careful to reduce your position.
2. It will pull back before November 30 to below 86,000. This is a very likely position. If it pulls back to this position, it can be regarded as an opportunity for copycat bottom fishing in the short term.
Personally, I think it is difficult for it to fall very low, because judging from the new additions of stablecoins, the regulatory level after Trump took office, the entire fundamentals, and the real market sentiment, it is difficult for it to fall too much.
So if the short-term pullback is a few thousand points, you can make a layout; if the short-term touches a new high, breaks a new high, reduce it, and then just keep the bottom position.
Of course, if you don’t like short-term trading, you can consider reducing your position and wait for the next best layout point.
I am more inclined to believe that in the next ten days, the market will hit a new high, and after an explosive (pin-like) rise, it will pull back to cope with some news in December. Judging from the liquidation map, there is little possibility of a large short-term decline, because there is no particularly large short-term layout of dog market makers.
The recent trends of MEME and altcoins are at two extremes. Meme has shown an overall explosive rise, American altcoins have shown an explosive rise, RWA has performed strongly, and most other altcoins are relatively sluggish. This also verifies the views in the previous article.
Bitcoin, SOL, RWA, and MEME, these four are the sectors that the Americans are focusing on in the new round. Needless to say, the first one can be considered for profit taking in the short term, or you can consider continuing to hold it.
Let’s look at the last three. SOL has now reached 240, breaking through all the pressure points, mainly due to the impact of the election news and the explosive growth of MEME, but this position is not a buying point at the moment, it should be a profit-taking point in batches.
Same view on MEME. We have to admit that MEME has explosive momentum. This sector is the craziest at the moment. Personal opinion: For these two sectors, you can consider reducing your position to lock in profits and save money. SOL should keep a bottom line.
Most of the comments I’ve read in recent days are related to MEME, asking whether they can follow the current price of a certain MEME?
I would not recommend buying large positions in any MEME at any time, because most people cannot handle it. They will buy but not sell, and will eventually get stuck. Many memes may never get out of the trap.
The more you experience, the more you will see through the ugliness of human nature. It doesn’t matter how many times you make money, but once you suffer a big loss, you will become a sinner.
Previously, I would suggest that you pay more attention to the SOL sector and MEME. Wang Ge also has his own layout, and he also sells in batches and sells at a loss. But now, regardless of whether you make money or not, you should not focus on it anymore, because the end of FOMO is being harvested.
The end of finance is the secondary distribution of capital, the essence of which is to turn your money into others' and turn others' money into yours.
What can we do to avoid becoming the first type of person and turn into the second type of person?
It’s very simple: think ahead of others, make arrangements ahead of others, hold on to the downturn, and then continue to sell during the rise, waiting for the next round of opportunities.
Therefore, it is better to miss it. Please do not chase the rise with a large position. If you just want to take a gamble with a reasonable position, it doesn’t matter.
As for RWA, it is a relatively reasonable rise. At present, the potential outweighs the risk, so it can be considered for long-term investment.
Compared with MEME and other copycats, this sector has three advantages: one is the focus of Americans, one is practical application, and one is the new narrative of the new bull market, which did not exist before.
In RWA, there is OM, which has increased by more than 200 times, which represents the trend. There is MKR, ONDO, a new leader supported by BlackRock, and many similar polyx, token, etc. In the past month's market, most of them have doubled close to the bottom.
In the entire altcoin sector, ONDO is the only project that BlackRock is openly involved in. A large number of tokens will be unlocked starting next year. Currently, the market is mostly concerned about the trend after unlocking. I personally think that unlocking is a double-edged sword. When the circulation volume increases, it may suppress the long-term price, but it must also be raised to support capital out.
My most direct personal opinion: BlackRock's business model is not limited to this. The money earned by MEME should flow here, which is safer and more reasonable. #BTC再次刷新历史高点
