The Madman says…
During the weekend, major US institutional players are off work, and the funds in the market start to go crazy on their own. The trading volume of ETH and XRP, which rank second and fifth respectively, has exceeded that of Bitcoin, indicating that a certain level of FOMO sentiment has emerged in the market. At the same time, there is a noticeable seesaw effect, where Bitcoin is weak while others are strong. This is a typical profit-making effect of a bull market; as long as Bitcoin holds steady, the frenzy will continue.
The current major issue is that if the price continues to surge above 100,000 in December, the likelihood of a short-term peak will increase. From the sentiment outside the market, a large number of potential external investors are starting to become curious about Bitcoin, as it seems everyone is discussing it. Historically, this often corresponds to relatively high positions. It cannot be ruled out that after external funds come in, there could be another surge, followed by a peak. Another possible trend could be a pullback from this position, where it dips for adjustment in December before a new bull market kicks off after Trump takes office in January. If this happens, the height of the surge could be greater. As for how the market will choose, we still need to observe and confirm further.
However, it is undeniable that regardless of the trend, the cost-effectiveness of entering Bitcoin at this position is already low. How long altcoins can be traded depends on the performance of a few major players in the front row. As long as the funds can hold, smaller coins can continue to be traded, after all, everyone’s market capitalization is not high, and a little rise is not excessive. Another detail to note is that the leading MEME coins in this round of the bull market have recently started to cool down. The adjustment of the leading sector often occurs before other sectors, and the subsequent rise often belongs to the late stage of an upward trend. The Madman believes there might still be a rise ahead, but everyone should be cautious of the risks that can arrive at any moment. Don’t forget that the coin market can experience falls, and each drop is a crash. If you can avoid one, it means you can earn much more than others. Don't focus on the last one or two cents; a more stable forward movement is the hard truth.
Statement: The article only represents the personal views of the author and does not represent the views and positions of Block客. All content and opinions are for reference only and do not constitute investment advice. Investors should make their own decisions and trades, and the author and Block客 will not bear any responsibility for any direct or indirect losses resulting from investors' trades.
"[The Madman Says Trend]" This article was first published on (Block客).
