Bitcoin breaks new highs, reaching $108,000. Investors in the U.S. have been continuously buying and adding positions at high levels, optimistic about future trends. The upward momentum seems to be lower than my expectations, and technical indicators are also at high levels. However, the platform from $110,000 to $130,000 must be reached, with the market choosing to consolidate between $3,000 and $5,000; there is a gap to be filled between $102,000 and $105,000.
A fluctuation of a few thousand dollars is not significant for Bitcoin; it's the altcoins that may suffer.
(1) Bitcoin reaches new highs, while altcoins are declining.
Bitcoin surged to 108,353, but the altcoins, including ETH, SOL, DOGE, etc., did not rise, and many small coins have been struggling since the big spike on December 9, detaching from the phase of small drops followed by new highs to recover value.
(2) A lot of new projects are launching, and there is severe blood-sucking.
Recently, many VC coins have been launched one after another in major exchanges, and there is severe blood-sucking. The trends are a bit brutal, like pulling teeth from a tiger's mouth; it usually ends in a single wave. Recently, project teams have been issuing airdrops like MOVE, ME, ACX, ORCA, THE, VELODROME, etc. If you buy, you will get trapped. So, I remind everyone to sell these airdrop coins or VC coins as much as possible at this stage, because if you don't sell, others will, and institutions are eager to cash out!
(3) Wash trading market.
It resembles the market situation in March 2024, with violent spikes and bullish trends followed by continued rises and bearish corrections, then entering a phase of major consolidation. Perhaps the market and altcoins have reached a stage where breaking down is necessary for a breakthrough; a major drop is required for a major rise, washing out floating capital and high-leverage longs so that the vehicle can be light and build momentum to continue rising.
(4) A drop is a father figure.
Every time Bitcoin drags down the altcoins, it's your opportunity to get in. Don't fear Bitcoin dropping directly; it just came up, how could it drop immediately? So, when it drops, it's a father figure. If Bitcoin doesn't drop a bit, how could it give you a chance to buy at lower levels?
So let me summarize which coins in the top 20 by market cap can be considered for buying.
The Four Kings: ETH, DOGE, SOL, BNB
The four old-timers: ADA, LTC, BCH, BSV
The Four Leaders: ATOM, DOT, FIL, UNI
Layer 2 DeFi: NEAR, OP, ARB, INJ, SSV
You can enter with 30% at the current price, another 30% if it falls 5 points, and 40% if it falls 10 points, entering in batches. I believe this position is relatively safe for buying.
With Trump's rise to power, Bitcoin has gained recognition worldwide. Next year will truly be a year for crypto; what will happen next year? - Compliance concepts + Trump's new policies + Legal victories + Market sentiment + Expansion of technological applications + Major capital involvement. What we need to do is hold onto valuable coins, bravely seek out valuable coins with each drop, and hold tightly without being shaken out. Remember, every drop now is for a better rise in the future; selecting the right targets is paramount! The recent summary is: Hold onto value and wait for the blooming.
