Trump has once again confirmed his commitment to establishing a Bitcoin strategic reserve, indicating he is serious. This is a strong shot in the arm for Bitcoin's market. Bitcoin broke through the December 5 high this morning, reaching a new historical high. Successfully breaking through the first target range of 1045000, it reached a peak of 106648, strongly breaking through and trapping a batch of short positions at 101500—102500—103500—104000. The slight fluctuations over the past two days have created an illusion for most bears, making them think it wouldn't rise further, successfully luring them in.
Just like the area between 99000 and 99800, if you have open short positions that are stuck, consider cutting your losses. Let me be clear: since a new high has already been broken, it will only go higher again. If you need to cut losses, then do it. For the stubborn bears, don’t be fooled by the long upper shadows now and go short; you can't short effectively. Don’t play with fire for a little profit and miss the chance to confirm the bottom on a pullback, because you're simply too scared to bottom fish while shorting.
In the past two days, those who followed instructions and took delivery are already in profit, but this is just the beginning. A good chip position is needed for good results; don’t miss a major profit surge for a little gain. The higher it goes, the safer your capital becomes. Just manage your cost price and hold your coins. There is expected to be a trend over the next 7-10 days, seize the opportunity for the last wave of profit before the year ends.
With Bitcoin's independent market, most memes have remained unchanged at low levels. Let me share my views on the upcoming market.
Re-select quality targets
Most memes have already exhausted retail investors, while Bitcoin is still hitting ATH. After Bitcoin's pullback, memes are unlikely to continue falling sharply, but will instead rally quickly, shaking off all retail investors.
Recommended meme to watch, seize the opportunity to bottom fish
First of all, it's still $mew, a meme primarily from South Korea.
Secondly, there's $moodeng Hippo. In my observation, the market makers have a good perspective; every time there's positive news, they will quickly rally the price, whether it's during the on-chain 5m, when X's official account tweets, or when it goes up on Coinbase. Recently, it has also launched a trading pair with the Korean won, and it remains a main force going forward.
On-chain trends will regain their heat
The secondary market has lost its meme wealth effect, funds are flowing back, returning to the big gambling table. In the future, more focus will still be on on-chain trends. However, currently, most AI agents find it relatively difficult for retail investors to seize such opportunities. This feels more like secondary VC; I still recommend buying a few leading ones to try out and avoid playing with new projects.
That's all for today. During the bull market phase, many people hope to have a free exchange. If you really can’t navigate the crypto world on your own, don't force yourself. Come find me for mentorship to understand the latest information, layout strategies, embrace the bull market, improve your win rate, and say goodbye to being stuck at high positions.
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