Don't buy in a bear market; in a bull market, there's only room for taking over the remaining shares...
Bitcoin's price has once again hit a new high of $99,588 during the day. The market bets that Trump's support for cryptocurrencies and a looser regulatory environment will benefit the industry. Currently, Bitcoin's price is rapidly approaching the $100,000 mark.
Often when Bitcoin stabilizes at a high level and the increase slows down, it presents opportunities for the second-ranked asset, Solana, and other mainstream coins.
Because Bitcoin has basically been pushed by institutions to this position, countless short positions have been squeezed at this point. Appropriate adjustments and pullbacks also provide opportunities for small investors to get on board. The second-ranked asset started to catch up at 8 PM on the 21st, and some of its high-quality projects in its ecosystem immediately followed suit after an hour, generally showing a bottom of about 20% increase.
Moreover, Ripple and Dogecoin have already shown significant improvements. Other small coins like Pepe and Neiro are also expected to see a wave of increases. As for Doge, we started our position at 0.1, and it has already quadrupled to 0.4. After the pullback, it is now about to push towards 0.5 again. We publish all kinds of operations in real-time, so feel free to come check it out if interested.
The current suggestion is still to wait for a Bitcoin pullback before looking for entry opportunities in altcoins. It definitely isn't appropriate to chase high prices now. When Bitcoin pulls back, pay close attention to those strong varieties. Not every altcoin can rise; if you want to achieve results in this bull market, it's time to test your vision, brothers.
Recently, there has been major news. Fox reporter Terrett stated that, according to two insiders, the U.S. SEC is negotiating with the issuer of the Solana spot ETF and has made significant progress.
BitWise, a Wall Street giant that has already received approval for the Bitcoin ETF, has urgently established a Solana ETF trust in Delaware and is expected to submit its S1 application to the SEC soon.
The last barrier for the Solana ETF was cleared yesterday, as SEC Chairman Gensler announced plans to resign, effective on January 20, the day Trump takes office. Therefore, the probability of ETF approval is quite high.
The results of the Sol ETF will be out by March of next year at the latest. In the previous article, I mentioned that the data on the Sol chain is exceptionally strong, with trading volume doubling in a week, encouraging everyone to position themselves. Back then, it was just above 230, and now it has already risen nearly 20%.
Since Sol is expected to strengthen in the future, its leading meme coin WIF is also worth watching. It has already pulled back 40%, making it quite suitable for entry. It is possible to reach 10u or even 20u next year. Also, its ecological coins WIF, Ray, and JTO can be monitored, as they are likely to perform well.
Did you miss out on this round of increase? Missed the increase and heavily invested in the drop, feeling anxious, right?
I estimate that most people not only missed out on the increase but also heavily invested in meme coins that have dropped, such as $act, $pnut, $ban, etc. Especially contract players who lost on both long and short positions, while spot traders watch other coins rise, and their own coins drop by ten or twenty points daily, feeling the pain.
The strongest weapon of the old hunter is: time.
Waiting for the prey to appear, waiting for the prey to come within range, waiting for the moment to pull the trigger. Whether in a bull market or bear market, losing patience can easily lead to mistakes. Not reviewing means falling again.
