#BTC再创新高 #币安Alpha
Bitcoin reached a new high today, initiating a bull market that resembles a one-man show, where the redistribution of funds in the market has almost become a vampiric behavior. Currently, Bitcoin's market share has reached 56.6%. After the surge, the market may need to consolidate, and sideways fluctuations might present opportunities for other cryptocurrencies. The volume of funds in the market is limited, and the incremental funds from the last interest rate cut are nearing their limit, only able to drive up Bitcoin's price. To break this deadlock, we may need to wait for further interest rate cuts from the Federal Reserve, with expectations of movements this Thursday. The market may welcome a new wave of excitement, and both the main market and altcoins are expected to shine.
Recently, Bitcoin's slight rise has coincided with a widespread decline in altcoins, which has actually created space for future upward movements. This moment is an excellent opportunity to selectively build positions in projects with strong narratives, such as Elon Musk-themed dog-themed coins! $Doge, $Floki, $Shib, $BabyDoge, and even projects with more imaginative potential in the primary market, like #puppies，一级市场难得的金狗 , a newcomer in Musk's dog coin lineup, currently the only dog coin not listed on Binance. It has retraced from a peak market cap of 50 million to 10 million, but the number of holding addresses has increased to 16k. If meme coins explode, the increase could start at least 10 times! In this bull market, do not easily declare the top; gains of hundreds or thousands of times are not a dream.
Currently, Ethereum's performance in this bull market is relatively lagging, failing to reach the previous peak. However, the selling pressure from Grayscale's trust fund has been absorbed by new funds, and financial giants like BlackRock have entered the market, adding buying power. Ethereum is poised for a breakout. Recently, important economic data has been released intensively, including sales data, current account data, Federal Reserve meetings, GDP, and PCE, which are expected to trigger market volatility and provide good opportunities for long positions. It is estimated that in a few days, altcoins will begin a new round of upward movement. At this stage, the best strategy for holding coins is to patiently wait, plan ahead, and seize the opportunity.
