Bitcoin still maintains a narrow range of fluctuations. It fell back to around 9w6 last night, and it is only less than 4 points down from the highest point. So far, it still conforms to the trend of "Bitcoin fluctuates in a narrow range first and then in a wide range".
When Bitcoin has finished its shock adjustment and begins to break through 10w, it will be the acceleration stage of this bull market. It is the most fomo stage, when the leeks outside the market rush into the market. The reason why I have always said that Bitcoin will not break 10w at this time is this, 10w should be kept to attract new leeks
Ethereum/altcoins are not idle either. During the period of Bitcoin volatility, they will continue to raise their own water levels.
After the MEME sector ends, the rotation will move to the big public chains of old coins, followed by the metaverse and some defi. There will be many cases of a three-fold increase in ten days. This wave of rotation of old coins has not yet ended, and the old rogues who have endured for several years need to cash out.
Old coins are just the appetizers of this altcoin season, and the real protagonists of the altcoin season are still quietly raising the water level. The crazy performance of altcoins in each bull market is in the acceleration stage of the big cake market.
Every time the market pulls back, you see fear, I see opportunity. You study what to buy every day, I study how to maximize capital efficiency every day. First learn the first step, overcome fear
How to choose high-quality altcoins
For popular tracks like public chain, MEME, AI, games, L2, DEFI, etc., the performance of projects in the same track is also different. Take MEME as an example. Although people, doge, and floki are all old MEMEs, people has a small increase, while doge and floki are crazy. Why is this? Have you ever thought about it?
• Narrative: For example, Doge was mentioned by Musk, which led to traffic and capital injection, which triggered market speculation and naturally led to a positive price trend.
• Project community team operation: The community team actively creates narratives or promotes the listing process. For example, after listing on Binance, it will expand to CB, Bithumb, Upbit and other platforms
• Strong market makers: Supported by strong market makers
If these conditions are met, the valuation and growth rate will be more potential, otherwise it will be limited. This rule also applies to public chains, games, DEFI and other tracks. After all, the hype of any currency is inseparable from traffic and funds.
Let’s talk about public chains: public chains are not just for public chain projects. From the last cycle to now, sol and inj have survived and reached new historical highs. But what about others?
In addition to the above mentioned points, there are also investment teams, such as sol, inj, sui, apt, omni, alt, etc. All of them are invested by JUMP. If you don’t know JUMP, you can search it. This is the world’s best foreign exchange market maker.
To judge market hype and new tracks, you can pay attention to Binance, CB dynamics, the US macro situation, mainstream media and US stock hot spots, as well as the comments of celebrities in the crypto field, find corresponding narrative projects in the crypto market and analyze them, and keep up with the market hype trend. The market is always right
In the past one or two years, new tracks such as Depin, RWA, Payfi, and BTCfi have emerged. We should pay attention to whether similar projects have been favored by big funds.
The hype of DOGE and PNUT in the past month is an example. Even if you can’t predict it, you can seize the opportunity by following up in time. After all, PNUT is not achieved overnight.
The magic order I have been preparing for these few days is about to be launched!!!
Comment 168 on board!!!
Impermanence belt Impermanence belt Impermanence belt!!!
Important things should be said three times!!!
