The US election 🇺🇸 is counting votes🔔

Election update: According to the Fox News website: 29 states have announced the results!

🔴Trump currently has 178 electoral votes

🔵Harris currently has 113 electoral votes
Trump is currently leading by 65 electoral votes and nearly 3.5 million votes

In the true altcoin season, the strongest MEME coins and altcoins usually exhibit the following notable characteristics, just like DOGE and XLM:

1. It is extremely difficult to get back in after getting out midway

2. The pace of increase is rapid, ignoring previous high resistance levels

3. Achieving the growth that normal coins take months to complete in a short period of time

4. Spot holders also find it hard to withstand the psychological pressure brought by volatility

There are many new meme coins on the market now, but only a few can survive in the long term.

If you missed a newly launched meme coin, don't rush to FOMO in. Wait until it is active for a while, able to sustain for a week, and then pay attention when it adjusts.

Currently, most of the trending meme coins on the market do not have follow-ups; only those with particularly eye-catching concepts or those listed on major exchanges have the potential for somewhat long-term performance.

Recently, new coins have dropped quite severely, reminding me of the golden pit during the DeFi era. Back then, in September and October 2020, the market was hit hard, especially the DeFi projects represented by UNI, which were directly criticized harshly.

However, the first wave of the bull market ultimately started from the DeFi sector. Trends are worth believing in.

As long as there are continuous hotspots on the chain that bring wealth effects, large funds in the secondary market will pull benchmark projects. Once secondary funds lead the trend, more hot money will flow into the chain to chase the next wealth effect. This relationship is a mutually reinforcing cycle.

I still remember when UNI, SUSHI, and YFI plummeted, new DeFi projects continued to emerge on the chain. The current situation is similar; regardless of how the new meme coins in the exchanges fall, the on-chain activities are still thriving.

Next, which track will the funds choose to pull out the trend first? The answer is actually quite obvious.

Only after the first wave of the trend is completed will it be time for other narratives to take the stage. Just like the previous round of NFT, metaverse, and GameFi Ponzi projects, they all started performing only after DeFi had finished its run.

Based on the current state of Bitcoin,
this wave aims for 100,000 dollars+

Why is Bitcoin rising steadily while the market remains calm, but when Ethereum rises, it creates a frenzy?
Because most retail investors can't afford it, and even if they buy, they are just trading U contracts for short-term gains.
Only large enterprises, institutions, and Wall Street funds are keen on purchasing Bitcoin.

Some retail investors are stuck with worthless altcoins on secondary exchanges and have given up.
Some smart retail investors follow the hot money onto the chain to chase memes, with occasional stories of getting rich quickly, attracting more traffic to engage in PVP on the chain.

This fragmented liquidity, huh?

In my personal opinion, the wealth creation effect of Meme coins is indeed much smaller compared to inscriptions. After all, inscriptions are based on the Bitcoin chain, which makes them simple and convenient to operate; with just a click of the mouse, hundreds or even millions of funds can be received. Moreover, the liquidity of top inscriptions is quite good, as exchanges are eager to list them, giving them a significant advantage.

However, Meme coins are not as smooth, especially since most are on the Solana chain, which has significantly poorer infrastructure and has to compete with a multitude of projects. Many times there is simply no direction; it’s just about finding an 'angle.' It's like some people always say there is no big hair, but insist on talking about big hair, which is completely nonsensical.

Therefore, I will continue to wait for opportunities like inscriptions and runes, focusing on the strongest projects in the Bitcoin ecosystem. Because the potential behind this is enormous, and the future wealth will also be more abundant.

When trading, you have to follow the trend, so how do you determine the trend direction? In fact, it is quite reliable to use the upper, middle and lower tracks of the Bollinger indicator (BOLL) to analyze the trend!

Three lines all upward
If the upper, middle and lower tracks of the Bollinger Bands all go up at the same time, it means that the market is particularly strong and will most likely continue to rise in the short term. At this time, hold the currency firmly and wait for it to rise! And if the price fluctuates between the middle and upper tracks, it is a typical bull market.

Three lines all downward
If the three lines go down together, it means that the market is very weak and may continue to fall in the short term. In this case, it is best not to act rashly and wait and see. If the price goes down between the middle and lower tracks, it is a bear market, so be cautious.

Upper track bends down, middle and lower tracks go up
If the upper track begins to bend down, but the middle and lower tracks are still going up, it means that the market is in consolidation. If it was a long-term upward trend before, it is likely to be a strong consolidation in the rise. At this time, you can continue to hold the currency, or even increase your position on dips.

Three lines moving horizontally
If the three lines of the Bollinger Bands move horizontally, it means that the market is fluctuating sideways. At this time, you can use range operation methods, such as Martingale strategy, buy high and sell low, and flexibly adjust positions.

In this market, I have only seen this in 2017 and 2020, when the market situation was very similar to now, especially the phenomenon of Bitcoin's bloodsucking.

At first, the hot money in the market would concentrate on Bitcoin, causing the prices of other coins to remain stagnant. Later on, this phenomenon gradually faded, and most altcoins moved along with Bitcoin's fluctuations.

So seeing Bitcoin's bloodsucking now, while other coins remain still, doesn't really affect me much; I just wait for the right moment.

I have a gut feeling that BNB is holding back for a big move; it's not that it won't explode, but the time isn't right yet, and it’s just following the larger trend for a bit.

In the past few days, even ETH, which was often criticized, has been rallying. As long as Bitcoin stabilizes for a while without continuing to suck blood, the party for altcoins will begin.

How could there not be an altcoin season? The speculative nature is right there on display; behind every altcoin on BNB, there is a dealer's restless heart.

Sol was the first coin I encountered when I entered the market in 2022, and I have many memories associated with it.

On Sol, I have my first NFT, my first domain name, and the first golden dog (BONK) I bought.

On Sol, I have experienced losses and gains.

But the most successful trade was probably during the period from October 2023 to March 2024, when I went long on Sol. Then I faced a significant loss at 414.

However, perhaps the ultimate value is still flowing to those who hold firmly.

Congratulations to Sol, after three years, it has finally reached a new high!

From now on, the estimated 3000 USD ETH is already a thing of the past. Starting next week, it may be hard to see ETH below 4000 again.

Those who cut their losses and exited, it might still be time to chase back!

The trend of ETH will be like Bitcoin, without needing a deep correction, it will directly surge to new highs, leaving no opportunity to chase.

Moreover, the surge of ETH will be even more intense than Bitcoin, possibly a difference of several times! That familiar feeling of "racing" is really coming back.

If you are still watching, remember in a bull market "better to chase high than to catch a bottom", missing out might be a regret for the entire cycle.

Today's meme sentiment is directly declining 📉

1. The uppercase and lowercase versions of $eliza had me conflicted for a long time, I finally chose lowercase, and what happened? Both uppercase and lowercase dropped, both collapsed.

2. After Brother Sun auctioned off the artwork, $ban just kept going down, and even more so after the contract went live, this wave really couldn't hold.

3. $pnut and $act keep declining every day, and as soon as they drop, someone comes to educate me: "With such a high market cap, do you still dare to invest?" But what if it goes up? Meme coins shouldn't just be judged by market cap, although this time I admit it, I truly lost convincingly. But thinking about it, $pepe with a 6 billion market cap can still rise, it's not impossible, right?

4. I must praise my $koma again! More and more project teams are actively seeking cooperation, and the price is quite stable. Although there are occasionally large sell orders, the buy orders can immediately catch up, the key is that the community is consistently outputting culture, which is really too important.

5. The general stablecoin protocol supported by Bitcoin, Satoshi Protocol, invested in $PROS, and there will be staking collaborations in the future, no wonder other altcoins are all dropping, $PROS can still hold steady.

6. Yesterday I misread $usual, thinking it was officially launched, but it was just pre-market trading, and I couldn't sell, watching the price drop from 0.4 to 0.2 with mixed feelings.

Look at this liquidation map, are there still stubborn air forces out there?

Players who often open leveraged contracts will gradually discover a phenomenon——

-- If going long, and the market trend is opposite, as the price declines, with the leverage applied, your total cost decreases with every dollar drop.

-- If going short, as the price rises, with the leverage applied, your total cost increases with every dollar rise.

Therefore, under the premise that "the amount of money in the market is fixed" + the strong inertia of the trend, shorts will naturally bear a greater impact.

So, Don't short your position in a bull market!

Most risk assets in this world are continuously rising, because those people are always printing more money + human civilization is continuously developing and creating new wealth.

Going with the trend is important, don’t work hard on the wrong path.

BTC continues to break new highs, only a step away from 100,000,

Institutional investors and large holders are continuously increasing their BTC holdings because they believe BTC is a solid foundation for future investments, just like digital gold, and it is expected that BTC's market share will increasingly grow.

However, ordinary retail investors, due to limited funds, find it difficult to turn their fortunes around through investing in BTC, while altcoins continue to fluctuate. Where are the opportunities for ordinary retail investors in this round of the bull market??

This round of meme market is coming to an end, and the market will soon return to mainstream currencies.

Next, the key points worth paying attention to are:

In addition to the meme sector, other potential sectors with underestimated value.

Water temperature returns to normal:

New Future: BTC, SOL, Doge (Continuing the Dream)

Open Conspiracy: Pnut

Hidden Conspiracy: ACT, RIF, Cheems

Welcoming the New Year: Bonk, GOAT

Strong Holding and High Control: XRP, ADA

Efforts seem useless: ENA, APT, Sui, STX, IO

Looks alive but actually dead: ETH, TIA, SCR

Low sentiment, consider buying in stages.

The expected action today is

BTC pullback or shock - altcoins recover slightly

BTC surges to 96-97 area - altcoins barely pretend to follow the rise (but not as much as when BTC fluctuates)

BTC surges and ends the pullback - altcoins hit a new low again

That is basically similar to the script on Tuesday and Wednesday

Wait for a big pullback after 96-97 peaks, altcoins are expected to collapse

At present, we cannot imagine the magical plot that BTC will pull back 10% and altcoins can still make up for the rise