Bitcoin closes at record high for the week, bears forced to admit defeat
Bitcoin pulled back slightly after hitting an all-time high weekly close, remaining above $90,000, with a monthly gain of 30%. Trader Skew pointed out that the price remained above the 21 EMA on the 4-hour chart, with key support levels this week at $90,000 and $91,300. Another trader, CrypNuevo, predicted that Bitcoin could experience sharp fluctuations before approaching the psychological mark of $100,000, and warned that novice traders are vulnerable to liquidation.
The bull market parabolic phase has just begun. Bitcoin rose 11.8% last week and more than 40% in the fourth quarter. Analyst Rekt Capital mentioned that Bitcoin has entered the bull market parabolic phase, which is only on the 12th day and is expected to last about 300 days. Traders are still looking forward to the birth of more weekly closing records.
Let’s take a look at some recent news about Ethereum:
Bigwigs are optimistic: Chris, a well-known investor who once bought SOL at $8, began to publicly be bullish on Ethereum yesterday, which attracted attention.
Upgrade proposal: The "Ethereum 3.0" upgrade proposal put forward by Justin, a member of the Ethereum Foundation, received strong support from the community.
CZ supports DeSci: CZ participated in his first offline event after being released from prison with Vitalik, focusing on supporting DeSci. Several related projects were launched based on Ethereum.
When market sentiment is concentrated in one direction, we need to be alert to the rotation risks of other sectors. Historical experience shows that narratives and market conditions often switch suddenly, and a heavy position in a single asset may catch you off guard.
Recently, established currencies have started to rise, which is very different from the last bull market - in the last bull market, established currencies mostly rose at the end, while this wave rose first. Some people speculate that this is a signal that the bull market is nearing the end, but in fact, the trend of the current bull market is completely different from the previous wave and cannot be simply compared.
"Speculate on new, not old" is a misunderstanding. People who often say this are usually speculating, not investing. Although speculation can also make money, this way of thinking may lead to irreversible losses. Real investment should focus on long-term value, not short-term market fluctuations.
The next opportunities are mainly concentrated in BTC, SOL, SOL series and concepts related to Musk and Trump. The SOL ecosystem has been very active recently, with frequent appearances of projects such as Kingdog, all based on the SOL chain, and its low threshold, high efficiency and low gas fee are unmatched by Ethereum.
With the arrival of the bull market, multiple new projects emerge every day, and VC funds gradually flow into the MEME market. The past "zoo"-style carnival is over, and new celebrity effects, traffic codes and new concepts will lead the market. In this round of bull market, the crazy MEME wealth-making wave is starting, attracting a large number of new investors to enter.
Today, the SOL chain is bustling again. The focus today is the baby elephant in the zoo and the concept of Trump acquiring a gaming company. BAKKT and BKKT are very active.
In addition, the following low-market-cap projects are worth noting on the Sol chain:
1️⃣$RST
Track: Knowledge payment was very popular last night, and the market value was close to 4M. The team developers were active in ETH and have code delivery capabilities. The current market value is only 0.4M, the narrative logic is clear, and it is worth paying attention to.
2️⃣$CUUT
Track: An open project endorsed by Meme dealer, with a current market value of only 1M.
During the second wave of the inscription, similar projects like $MUBI performed well and I personally made a lot of money. Although it is slightly weak in the short term, it is obviously undervalued at this stage.
3️⃣ $Eternal
Track: The new concept of on-chain immortality is very attractive, and some addresses that have invested in $RIF continue to enter the market. After all, $RIF has shown signs of peaking, and $Aeternus' innovative narrative has potential.
The current market value is only 0.3M, and it is in the early stages of layout.
4️⃣Just10Sec
Track: AI music is based on the proven business model of Web2 and is expected to achieve greater growth in Web3. The operation logic is clear and the positioning is clear.
After doubling last night, it pulled back and now has a market value of 0.7M, which still has room for growth.
Seize these potential projects and wait patiently for market rotation!
Today's article ends here. We are currently in a bull market, and the situation is turbulent. We share passwords every day. If you don't know what to do in a bull market, welcome to follow us. Bull market spot passwords and layout strategies can be shared free of charge.
