The weekend market continues to extend yesterday's viewpoint. Overall, it is just a game between retail investors, with no institutional inflow. If there is no news impact over the weekend, it is very likely that the market won’t look too bad.
Bitcoin is still oscillating around 100k and doesn’t seem ready to continue pushing up to 110k. However, the current market, whether from a fundamental or macro perspective, points towards the market continuing to rise. Trump continues to make waves in the global financial market, not only appearing on the cover of Time magazine but also participating in the bell-ringing ceremony at the NYSE last night. The key is that this was originally a time to promote U.S. stocks, but Trump also mentioned cryptocurrency, stating that he will do great things in the fields of cryptocurrency and artificial intelligence. CNBC interviewed Trump, repeatedly confirming whether he is still embracing crypto and considering establishing a Bitcoin strategic reserve in the crypto space. Trump's response was clear: he does not want others to seize the opportunity first, and the U.S. aims to be a leader in crypto.
Previously, there were all kinds of rumors, but after the interview a couple of days ago, Trump promised it in person. This means that the strategic reserve matter is on track.
The biggest news today is that MSTR has been added to the Nasdaq 100 index. What does this mean?
They can use American investors' funds to borrow more money to buy Bitcoin. In the future, more mainstream funds will passively buy MSTR stocks through index funds. Capital in the cryptocurrency world is growing, which will further push Bitcoin's price up!
Moreover, many altcoins are held by the founders of most listed companies, such as TON, SOL, and ONDO, including LINK and AAVE that Trump bought a couple of days ago.
It’s easy to imagine that the cryptocurrency world is slowly amplifying its effects! With Nasdaq on board, the S&P 500 index won't be far behind. Right now, Wall Street is in the early stages of entering Bitcoin, and the cryptocurrency world will achieve a qualitative leap in the future. In the short term, Bitcoin's rise may suck the blood out of altcoins; if this happens, don’t be surprised, as this is a normal process. Be patient; a bigger pillar is still coming!
Currently, altcoins are generally waiting for Bitcoin to choose a direction, so there hasn't been any particularly special market in the past few days, but there’s also no indication of a downward choice. The sentiment remains relatively stable, especially for ETH. Yesterday, BlackRock told the media that it is currently focused on Bitcoin and Ethereum ETFs and has no intention of launching new altcoin ETFs.
This statement is most beneficial for ETH. The Ethereum ETF has also completed a record of 14 consecutive days of capital inflow, with another 270 million flowing in last night. From the ETH market, it's evident that if it weren't for Bitcoin holding it down, Ethereum would have already broken through 4000. I am very optimistic about ETH experiencing a strong rebound.
How much do you see Ethereum in the bull market?
This round of Ethereum hasn't seen a daily increase of 30% to 40% yet; once it starts to rise, it will be quick. Bitcoin went from 60,000 to 100,000 in just a week, with several days seeing a rise of 10,000 in one day. Bitcoin traders can pull this off, so there's no need to worry about Ethereum not being able to rise. We just have to wait for the traders to buy enough low-priced chips first. Clearly, in the past few months, traders have bought more BTC chips, and recently more funds have flowed into ETFs. Both will rise, and reaching new highs is just the beginning.
BN has also launched a new Launchpool project, which is the reason for previously positioning in BNB. Although it was announced at five o'clock yesterday afternoon, influenced by the news, BNB strengthened but did not see the expected high market, possibly due to a lack of liquidity. The liquidity over the weekend is not high, but I still continue to look favorably at BNB experiencing an independent market, continuing to eye the 760-790 range.
The most important thing right now is to be patient and choose to believe. If you want to make money in the cryptocurrency space, you need a bit of determination. We are on the eve of a significant surge; a big piece of good news is still needed, and it's been a month of waiting.
We are currently only at the beginning of a bull market. If the market provides opportunities, everyone should get on board while keeping a three-layer hedge position to avoid being shaken out. It’s normal for not many people to make money at the beginning of a bull market because the assets that start to rise are mostly old coins that many people previously overlooked. At the end of the bull market, it will also be old coins that rise, while new and newer coins will rise in the middle of the bull market. The general pattern of rotation is just like that.
Most of the wealth creation effects occur in the mid-bull market. Many people do not understand the bull market of 2021; let’s take the beginning of this year as an example. The AI sector, WLD, FET, ARKM, LPT, etc., surged to 10 times first, and then the meme sector, PEPE, FLOKI, etc., surged 10 times in a week, with basically all sectors seeing a rise. At this time, as long as you don’t frequently chase highs and lows and change positions, you will earn.
The major sectors that will rotate later include meme, AI, RWA, chain oil, staking, etc. There are even more small sectors, and just by catching two or three at the pace mentioned before, one can earn over ten times. Now, all that needs to be done is to patiently wait. If there's no market, go out and relax; if there is, keep a close watch.