Bitcoin started a surge last night, breaking through the $94,000 level and once again setting a new historical high. BTC has reached a new high, has your account reached a new high?
Friends who are shorting choose the hardest asset BTC, while friends who are going long choose the weakest altcoins. When Bitcoin drops, altcoins drop; when Bitcoin rises, altcoins drop! This market only belongs to the bull market of BTC, and most altcoins are in a mess, not only failing to rise but also falling. If Bitcoin drops down, will the altcoins return to the low point from November 4th?
It's either a new high or on the way to a new high. Bitcoin just broke $95,000 and is heading straight for $96,000, possibly influenced by the start of Bitcoin ETF options trading on the 19th. However, the launch of ETF options has both advantages and disadvantages. The advantage is that more institutions will come in and push Bitcoin higher. The downside is that options have settlement dates, usually on Thursdays, Fridays, or the last day of each quarter, especially on quarterly settlement days, where trading volume will be larger. Thus, on weekly or quarterly settlement days, the composition of Bitcoin's chromosomes becomes larger.
Next, let me talk about my operational methods for the big boss Bitcoin and the second boss Ethereum at this current stage. Right now for Bitcoin, I am all about quick in and out, without a pullback, it is actually not suitable for holding long term. So what should the long-suffering second boss do?
Many brothers feel that he may have completely fallen behind this round. However, temporary failure does not mean perpetual failure. As mentioned before, the first round of liquidity will definitely be enjoyed by Bitcoin. After it rises, it will be the turn of the second boss and altcoins. Don’t be anxious; in the coming months, there is definitely room for the second boss to rise. I will decisively enter ETH below $3,000, being a bit conservative and looking first at the $5 range. What do you think, brothers?