First, I remind everyone to be careful, don’t get too excited!
When all coin holders are dancing wildly, it’s also the active time for various 'bull spirits and snake gods'. During this time, how many examples of big players being scammed are there! It’s time to ring the alarm for everyone!
Be sure to stop and calm down, check if your private key has been leaked? Check if the coins in your cold wallet are still there? See if those who should have exited have exited?
Also, definitely do not expose your assets... Otherwise, others will think of 108 ways to get your coins.
Is Bitcoin fearing $100,000?
At 6:30 AM, BTC broke below 93,000 USD, with a maximum drop of over 6%. It is currently rebounding, down 3.22% in the past 24 hours. BTC's pressure level has shown a slight pullback, the first key position to watch is whether the daily closing price can recover to 926,000 USD, with an intraday pressure level of 96,600. If it recovers, the daily bullish trend will continue to maintain its advantage, and there is still hope to hit 100,000 USD and 108,000 USD today.
As for another type of player who mainly longs, don’t be stubborn and act like a short seller, profits are limited, and the risk of being liquidated is high, it's really unnecessary.
Right now, only Ethereum can withstand the instability of the market.
In the past two months, everyone has been criticizing Ethereum as weak, but this month it has become strong, everything is in the green, which shows that Ethereum is the fighter in this stage, capable of winning. Just wait for it to drop, buy it, and that’s it. Pay attention to the range of 3350～3300, if it drops to that range, get in.
Analysis of the main line of the bull market: 'New On-Chain Assets'
Previously, we talked about how the surge of Bitcoin opened up new upward space for the cryptocurrency market, and in the past six months, the most eye-catching has undoubtedly been the 'MEME' sector. It not only injected vitality into the market but also caused the heat of cryptocurrencies to soar.
When space and heat converge, emotions also rise, and funds begin to flow in continuously. All of this paves the way for the arrival of the bull market.
In this context, investor confidence has significantly increased, and more people have started to pay attention to and participate in the cryptocurrency market. It can be said that the popularity of MEME culture has not only attracted countless newcomers but also reignited the passion of old players. With space and heat; there are emotions and funds. Thus, there is a bull market.
Recalling the first half of the bull market in 2020-2021:
First, DEFI brought heat to the coin circle, with UNI, SUSHI, YFI, YFII soaring crazily; then the Polkadot ecosystem DOT and KSM spiraled upward; followed by LUNA, FIL, THETA, and so on, blooming everywhere.
What we need to know is that UNI and DOT brought heat to the early stage of the bull market, we called them the twin turbo engines of the bull market!
I judge that $NEIRO, $ACT, $PNUT and other 'new on-chain assets' are very likely to become one of the engines of this bull market. The following are several points of judgment evidence:
1, the overall on-chain track runs through bull and bear. During the period from March to October 2024, the big coin will experience chaotic fluctuations and deaths, while secondary altcoins will fall into a deep bear market. The only hot area will be on-chain assets, and often the hottest sectors in a bull market are those that performed well in a bear market;
2, I have long said that the core essence of the coin circle is a 24-hour operating casino. What is the most attractive label of the casino? Fortune turns, a coin can change fate!
What kind of assets in the coin circle have the most imagination? New on-chain assets!
3, new, low market cap, no trapped plates, high popularity are its characteristics. Whether you are big or small funds, as long as you are new money entering the coin circle, will you buy the countless old plates that are trapped above? Or buy this new plate?
4, and the new on-chain assets listed on Binance have also endorsed how to carry large funds. Our choices are actually not many.
The bull market is not about being accurate, it's about being vague, it's not about operations, it's about choices; why do most people lose money in a bull market? Because the emotion of the bull market is FOMO, it's a chaotic spending that dazzles the eyes; there are daily myths of getting rich. In such a restless environment, most people find it hard to stay true to themselves. In the bull market, what we need more is to do subtraction and let go! Will coins like FIL, EOS, ARB have a main upward wave? Maybe! But my choice is to ride the wave and run.
Focus most of your energy on capturing the main line and a small part on eating the side lines. Even if we are wrong, we will not miss the overall BETA profit of the bull market. But if we are right, we will get the script for clearing the game. Choice is greater than effort.
