The market continues to rise. How will the market go next?
I would like to share my personal opinion with you.
1) Market trends
BTC surged and approached 100,000. The altcoins followed ETH's rebound, and this round of altcoins generally underperformed BTC by about 60%. The chairman of SEC will leave at the end of January.
As U.S. stocks rose, MicroStrategy plummeted due to short selling.
2) Market hot spots:
1. The public chain ETH rebounded, and the ecological OP, SCR, ETHFI, ANOON and others followed suit. BTC's second and third dragons ETH and BCH have rebounded recently, and funds have begun to overflow. ANOON is a social protocol on the base chain, which surged 5 times in one day.
2. The public chain Sol surged to a new high, and the ecological JTO, Ray and others followed suit. Sol ETF application made progress. Sol's competitor public chain Sui was paralyzed for 2 hours yesterday.
3. The platform currency FTT has risen sharply, and the FTX exchange will repay its debts in early 25 years.
4. On-chain local dogs such as Zerebro, Bully, and Project89 have surged. All three are AI-related. Zerebro is an AI NFT with a market value of $400 million; Bully is an AI-trained character that has received funding from ACT; and Project89 is an AI-enhanced virtual reality game.
Now that the price of bitcoin continues to rise, the risk is increasing day by day! It is recommended that you stop chasing the rise and take the profits. Reduce your position when the price rises. I have reduced my position by 50% and will continue to reduce my position when the price of bitcoin rises again!
