This morning, the highest price of Bitcoin was 99,588, almost breaking the 100,000 mark, witnessing a historic moment.
Will Bitcoin experience a sharp drop or flash crash next? Will the altcoin market plummet? How should we plan?
Now there are two directions:
The first Bitcoin has been sucking blood, and the copycats can’t do anything, so we can only wait
Second, if the market funds are transferred to Ethereum, Ethereum will rise, and the altcoins will also follow suit. At this time, you can catch up.
However, if Bitcoin pulls back, it will not be as simple as a pullback for the copycat. It will definitely be a flood. In the absence of a direction to go, all we can do now is wait!
From now until next January when Trump takes office, the price will continue to rise because the expectations are there.
We have previously analyzed that the United States uses Bitcoin as a strategic reserve, which has led other countries to follow suit and buy Bitcoin. In addition, many listed companies also want to buy Bitcoin, such as giants like Microsoft. Bitcoin will continue to break new highs next year.
Don’t worry about the fall of altcoins. If Bitcoin stops rising, altcoins will rise. According to historical rules, the altcoin season begins 7 months after each halving, and Bitcoin’s dominance begins to collapse.
This halving is in April, so 7 months later it will be November-December. The altcoin price has risen sharply, very violently, but also quickly.
Many fans asked me today why $XLM skyrocketed. Let me explain it to you in detail:
XLM was launched in July 2014, called Stellar, an old blockchain that promotes global payments and decentralized finance, but both the technology and the concept are outdated and not a popular concept nowadays. Stellar was initiated by Jed McCaleb, the founder of eMule and former founder of Ripple. Because SEC Chairman Glay is about to resign, XRP has risen, and XLM and XRP have a strong correlation and rise.
I see that many people are afraid that the public chain market will end once it goes up, but I don’t think that will happen.
The public chains in the previous rounds were the last to be moved. Obviously, many other sectors have not moved yet in this round, and the exchange rate is testing the support. If it holds up and counterattacks, there is still a lot of room for the altcoins. So you should just hold on to the spot goods in your hands. There is no need to exchange them. As long as you are not particularly unlucky, the currencies in your hands will all be in the rotation.
There was a sharp rise yesterday, and XLM and ADA led the surge again early this morning. SHIB took the lead, and DOGE rose again. It has also rested for a few days. Yesterday, I asked to change the position of the meme sector, and Dog Pepe took off today. Therefore, some coins should be changed. Follow the hot coins and you will get guaranteed profits.
Which sector is going to rise?
Now the old mainstream has started to rise, such as the recent XRP, DOGE, Ethereum second-layer OP, ARB, all of which have risen by more than 15%. The next is likely to be the value mainstream of the previous round, such as DeFi and Ethereum series. The weight of the car is a problem, but the core is still the capital pull, because once the shock range is broken, these believers will not easily sell, and the price will be easily pulled up.
Yesterday, Ethereum led most altcoins to recover their losses, but the overall trend remained weak.
1. The meme sectors $DOGE and PEPE began to gain momentum, and MASK ushered in short-term opportunities.
2. Old mainstream currencies such as XRP hit new highs, up 25%, indicating that the second exploration market has begun.
3. The accumulation range of $ENA was 0.5-0.47, but it pulled back to 0.6 without giving any chance and continued to hold chips near 0.5.
4. $FIL is expected to break through 5 mg in the near future.
5. The rise of XRP and ADA will lead to a short-term rebound in other currencies, which is suitable for layout.
