This wave of Bitcoin's market is truly crazy!
Since Trump won on November 6, Bitcoin has skyrocketed, breaking the previous high of 73,777, followed by breaking 75,000 and 76,000 within a day. On November 7, it continued to set records, breaking 77,000. By November 10, it set a new high again, breaking 80,000 and 81,000, directly reaching 89,800 today.
It looks like today breaking through the 90,000 mark is almost a certainty!
In a short span of three to four days after Trump took office, Bitcoin had already set new highs continuously, with prices approaching 90,000. This is also the influence of Trump on the crypto market, and the current trend completely aligns with our predictions from a few weeks ago.
Looking back at our previous analysis, especially the pullback that started on October 29, I have been saying almost every day that as long as Trump can win the election, Bitcoin will quickly recover and rush to 80,000.
Looking at it now, the market's reaction is even stronger than my expectations, and even breaking 80,000 occurred at the weekend, retail investors finally couldn't hold back. Usually, institutions rest on weekends, and market momentum is weak, with little price fluctuation, but this sudden surge exceeded expectations. This wave of the market completely surpassed my short-term judgment.
If Trump officially takes office and introduces a series of favorable policies, and several bills are passed, then the upward potential for Bitcoin remains to be seen. I originally thought 85,000 dollars was already a good achievement, but I didn't expect it to reach this position so early; the earlier it reaches this price, the broader the future potential and unlimited development potential.
As for ETH, many people are also asking, can it continue to rise?
In the past, I thought it was not very meaningful to look at ETH's data (I still think so now), but now I believe that the key for ETH lies in whether it can enter a new track. RWA and DePin are potential directions for the future, especially RWA may become a key factor driving ETH's rise.
In summary, if ETH can drive the rise, the altcoin season may follow. If ETH performs poorly, it will also be difficult to start an altcoin season.
Is a big bull market for altcoins really on the way?
From the current market logic, the overall market trend is still revolving around BTC and DOGE:
First of all, the rise of Bitcoin (BTC) mainly comes from the crazy purchases by central banks and institutions, which has accelerated the price increase. This rising process forms a positive spiral - the more institutions buy, the more it stimulates the participation of other institutions. As the price rises, the government may introduce policies to use Bitcoin as a reserve currency, which will further intensify the rise of Bitcoin.
As for DOGE, Musk's support combined with Trump's election boost has directly caused DOGE's market heat to explode. Not only are mainstream funds buying in, but the frenzy of retail investors has also intensified this upward trend. More importantly, DOGE may possibly connect to the X platform in the future, laying the foundation for DOGE's long-term rise, breaking 1 dollar is just a matter of time.
From these factors, the bull market's boosters have already ignited, and Bitcoin's gains are far ahead of mainstream coins. However, there are still a large number of altcoins in the market, especially some investors who bought at high positions, are still in a loss state.
So, when will altcoins explode, has become the focus of everyone's attention.
Yesterday, projects like WLD and Render in the AI sector surged strongly, while ENA, UNI, AAVE, and others in the DeFi sector also performed well, but overall funds have not yet flowed into the altcoin market on a large scale. The current rise is mainly concentrated in some strong mainstream coins. Once Bitcoin continues to rise, or enters a sideways consolidation period, altcoins may welcome a wave of explosion. At that time, be sure to pay attention to taking profits and seizing opportunities.
If altcoins can maintain significant increases, it would mean a bull market is officially starting, and a widespread rally will come. ETH will be key in this. If ETH cannot continue to rise, then the market for altcoins will also face great limitations.
The opportunities in the bull market are becoming increasingly clear, and often there is not much to discuss; basically, it's just about buying and holding. Yesterday, ACT and PNUT were listed on Binance, triggering a crazy reaction from the community, and many investors who did not position themselves in advance began to feel anxious. But in fact, there is no need to worry, as there are plenty of opportunities in a bull market; if you catch one or two big opportunities, you can reap substantial returns.
Seeds sown during a bear market can bloom and bear fruit in a bull market.
A bull market is about realizing your wishes. The premise is that you need to patiently prepare and lay a solid foundation during a bear market, waiting for opportunities to come. It's like planting a tree; the seeds sown in winter, after a period of nurturing, will eventually grow into a big tree. What you can do is sow the seeds and seize the right moment to plant those hopes.
I often say that success depends on luck, while failure is the result of strength. Improving cognition is very important, but in the end, whether you can succeed still depends on luck. Never think that all the credit comes easily. Failure is usually due to insufficient understanding. After all, even in a bull market, it's not possible to keep rising all the time. When the market rises, the pressure increases, and once the market loses momentum, profit-taking will follow, leading to a decline. Then once the market sees a decline, it will start to rebound, and after new funds enter, it will start to rise again.
Just like the needle at 6 o'clock and 9 o'clock, it quickly liquidated the longs and immediately rebounded, creating a new high again. We need to pay more attention to the changes in contract positions and fee rates, as this can help us find opportunities for a pullback. Currently, both the overall market's positions and the perpetual fee rates are at high levels, and the pressure is increasing. As long as the market turns, we need to be ready to run away or follow the trend. We're still far from the peak; according to historical patterns, the peak should appear next year. Therefore, spot trading is still the most stable, and let's all make a big profit together. What do you think?
Tomorrow the CPI data will be released, and there may not be significant fluctuations in the short term, but it may have an impact on future market trends, so everyone can pay attention.
AI track: still an investment craze
Although the popularity of meme coins is high, some other tracks are gradually attracting investors' attention. For example, the AI sector, which performed very strongly at the beginning of the year, has not yet seen significant increases. Notable AI-related projects include:
$TAO: This project has received support from well-known institutions such as Polychain and DCG, and was once regarded as a leader in the AI track. Although it has risen slightly, it is still at a low position with considerable room for growth.
$NEAR: Besides AI, NEAR also has leading technology in chain abstraction, which may become the next hotspot in the future.
$QUIL: This is a decentralized computer project, currently with a small market cap, but worth paying attention to.
The SOL ecosystem remains strong.
Aside from meme coins and AI projects, some projects in the SOL (Solana) ecosystem are still performing outstandingly. For example:
$JUP: A DEX aggregator on Solana, if you are optimistic about the SOL ecosystem, JUP is a good leveraged choice.
$JTO: This is a liquidity staking service provider, and the market still has expectations for the re-staking track on the SOL chain.
$TNSR: An NFT trading market on Solana, although NFTs have performed relatively cold in this round of market, TNSR is still a project worth paying attention to.
