Yesterday, Bitcoin hit a high of 69,000 US dollars, which was the highest point of the bull market in 21 years. It has been fluctuating and consolidating at a high level. According to the exchange's Bitcoin long-short ratio data, Bitcoin reversed from 58,900 US dollars and billions of funds were liquidated. Now market data actually shows that the bears are weak. The market's 10% air force data turned around and started to surrender and became bulls. Is it a lure to buy or a short squeeze?

Bitcoin weekly trend, the weekly line has two consecutive big positive lines, and the weekly MACD is about to form an air refueling trend above the zero axis. The upward momentum of this trend pattern is very strong. Recalling the bull market in October after the 20-year halving, it is also in this trend pattern, which directly rose from 10,000 to 65,000 in 5 months. Looking at the trend after October last year, it is also in this trend pattern, which directly rose from 28,000 to 73,000 in 5 months.

Bitcoin's daily downward channel has been broken and is currently testing the final resistance level of 72,000. A breakthrough is expected soon. Once the resistance level is broken, the big shorts will be hit and Bitcoin will easily rush to the 100,000 mark.

Finally, let’s talk about the copycat: Sol has been popular recently, and the Golden Dog Goat has appeared in recent days. Many fans are concerned about when Bome will be able to rise more than 10 times like PEPE in February and March this year?

Let me first state the conclusion: I personally think it will be soon.

BOME currently has a circulating market value of about 667 million. It has been trading for 7 months since it was listed on Binance in March, with the lowest price falling to about 0.0052. You can carefully observe whether the trend of BOME is almost the same as that of PEPE after it was listed on Binance, except that there are some differences in time. Everyone knows what happened to PEPE later.

What about BOME? I said it will be soon, but you guys are wondering how soon? When? How can you tell?

(1) BOME’s trading volume in the week starting October 14th has reached its highest trading volume since April.

(2) As you can see, BTC has reached 69,000 for the first time since August 5. BOME's daily transaction volume has also reached 300 million. This transaction volume is already very high, except for mainstream currencies such as BTC, ETH, and BNB.

(3) On the Sol chain where Bome is located, the golden dog Goat has appeared in recent days, with a market value of more than 400 million in just over a week. Sol has also risen well, indicating that the popularity on the Sol chain is still good. These are all signals.

Then some friends will ask, if we buy at the current price of 0.0097, can we expect the return to 10 times immediately?

No, I didn’t say that. If you want to go up, you have seen so many projects, especially MEME, which is crazy about pushing up the price. Does it need BTC to go crazy? So you need to wait for BTC to reach a new high before it can work. Previously, Pepe and Bonk continued to push up the price after landing on Binance. Is the big background that BTC is in the main rising wave and reaching a new high? After talking about the background, let’s talk about the price.

Buy at 0.0097 now and wait for 10 times? No, it is not like that. Generally, 10 times is calculated from the lowest to the highest K-line trend. In layman's terms, almost no one can get this exact 10 times.

Don't be so FOMO, you have to calculate it based on the valuation. How to calculate it?

Look at the ceiling MC of the track. The highest for wif is 5 billion, the highest for pepe is 6 billion, the highest for bonk is 3.5 billion, and the highest for floki is 3.1 billion. If the market is good during the next election, after all, it has touched 69,000 now. During the election, there is also the stimulus of FASB in December. If BTC breaks a new high, how much can BOME rise?