This month is the most profitable month since the peak in March this year. It is expected that the first wave of this money-making effect will last at least until Trump takes office, which is mid-January, close to the time of our Spring Festival. Now the real economy is sluggish, but fortunately Trump took office and the bull market in Circle B started as scheduled, bringing a wave of money-making opportunities. However, we can also see that although it is a bull market, the liquidation positions of bulls have been at a high level, so we still have to control our positions at all times. After all, everything is possible in the market, and there are always opportunities. The key is to protect the principal. While making profits, pay attention to timely profit-taking and closing some positions to lock in profits.
At present, Bitcoin cannot be said to have completely stabilized, but as long as there is an opportunity for Bitcoin below 90,000, you can enter the market and layout the corresponding copycat. Secondly, pay attention to the opportunities below 3,300 Ethereum. The second highest point of Ethereum at 4,000 is the target point. This wave of market conditions must be reached, but the process will be more tortuous. In the bull market, don’t miss the opportunity for the market to come back and pick us up. The peak of Bitcoin is still far from coming. After all, from the perspective of chip distribution, the main force will at least maintain a high level for one or two months, so just buy boldly when it comes down!
The US market will be closed tomorrow, so today may be a key day for the bitcoin rebound. After all, the bulls are stronger on the US side.
Yesterday and the day before yesterday, BN continued to increase by 5,000 bitcoins each. It is estimated that the sale of this part of the newly inflow of bitcoins led to the decline. In addition, the net flow of the bitcoin ETF has also started to be negative in the past two days. Some institutional whales have chosen to take part of the profits at the current position.
Is the BTC pullback over???
Conclusion: Before the sharp correction, BTC will most likely reach $100,000. As long as it breaks $100,000, the peak of this wave will definitely be more than $100,000.
However, I personally feel that it is unlikely to exceed 110,000, because according to past experience, once an important psychological barrier is broken, it will not go too far. For example, after the first wave broke through 40,000 in January 2021, it only reached around 41,950.
Looking at the daily adjustments of BTC at high levels in the past few days, you can tell from the momentum that there is no panic in the buying side, and it is bought directly above the channel.
No matter what technical indicators you look at, whether it is the daily or weekly chart, BTC is absolutely overbought, but overbought will only lead to more overbought until panic selling and a violent crash.
Causes of past BTC crashes include:
1. US stocks fell.
2. Negative news (e.g. suppression by regulators).
3. It will collapse if it rises too much.
There is no sign that the U.S. stock market will collapse this time, and Trump’s coming to power has offset 90% of the negative news, so the reason is that it has risen too much and is about to collapse.
Personally, I think there is no need to be afraid of missing out. Wait until the copycat stocks have a sharp correction of 30-40%. Now that most of the declines are only 8-10%, it will be the time to enter the market in large numbers!
Remember that in January 2021, BTC’s pullback was the beginning of the altcoin season.
Let’s take a look at the overall market situation this week. Within a week, copycat stocks generally rose.
The decline of Bitcoin is most favorable for altcoins. It was at a low point in October before. As I have said before, according to historical rules, the altcoin season begins 7 months after each halving, and Bitcoin's dominance begins to collapse.
This halving is in April, so 7 months later it will be November-December. The altcoin price has risen sharply, very violently, but also quickly.
Many of our family members who missed out on the opportunity did not make arrangements in advance to catch up, so they could only end up stuck at the top of the mountain. Therefore, after we have selected high-quality targets, we must hold on to them!
Looking back at bitcoin, today Brazilian lawmakers proposed to establish a national sovereign strategic reserve of bitcoin. Looking to the future, bitcoin, led by the United States, will definitely enter the strategic reserves of more than 10 countries within two years. In addition, the United States has sufficient expectations for a policy bull market, Trump has not yet taken office, there is still room for policy imagination, and the benefits have not yet been implemented, so there is no need to worry too much.
Wall Street has already heard the news and is preparing to launch more ETFs to meet the needs of different groups. The U.S. Bitcoin spot ETF had a net inflow of US$3.38 billion last week, reaching a new weekly net inflow record. The general trend is positive, so after buying coins with good fundamentals, just hold on patiently and don’t worry too much.
Let's talk about the current market and sector rotation:
The old mainstream public chains, meme, and gamefi sectors have all pulled up the market, and funds should gradually take their turn:
ETH series sections eigen pendle UNI link and so on.
RWA plate polyx rio tru rsr and so on.
The Ai sector has been in consolidation for a month since it was launched last month. It is estimated that the time for it to start again is not far away. For example, FET and ARKM have been trading sideways to absorb funds.
The old mainstream currencies should come to an end in the short term, and there is no need to pay attention to them.
Then there should be another wave of meme sector ACT Pnut, mainly because it has fallen too much. CZ's words will not affect the continuation of meme's hot style in the market, because compliant exchanges such as Robin Hood and Coinbase are all listed, and the large trading volume has always been the main source of exchange fees, otherwise it would not have been listed like this. All negative emotions will disappear with a positive line.
The next market will start to fluctuate widely again, so a pullback is inevitable. Buy some promising altcoins, such as Avax, which has a narrative and money, and will rise with it. The last round of STX rise was due to an upgraded narrative. There is no new story in the Bitcoin ecosystem this time, so it is not certain whether it can rise.
