Good evening, brothers. The current market still maintains a bullish trend. Although some incidents occurred yesterday, particularly in the South Korean cryptocurrency market, we won't go into detail about sensitive topics; everyone should know what happened. In short, this is just a small episode in the market and will not have a long-term impact on the overall trend.
Currently, the market showing some short-term adjustments may actually be beneficial for future increases. Such minor adjustments help clear leverage from the market, allowing for a healthier market when prices continue to rise in the future. Although incidents in South Korea have led to a temporary decline in the cryptocurrency market, this has not changed the overall direction of the bull market. Many people panic when they see the market drop, but this panic is unnecessary; as long as the reasons are understood and calmness is maintained, everything will be fine.
Altcoin market trends in a bull market
The current market is more focused on the 'altcoin' trend, with daily increases of 20% to 30% becoming quite common, which is usually a sign of a bull market. However, such trends can also accumulate risks.
Therefore, everyone should be cautious and avoid blindly chasing highs when altcoins are surging. When performing swing trading, one should reduce positions when prices rise, while long-term investments should be based on buying only and not selling (unless achieving significant profits). Especially for tokens like BNB and OKB, which started to rebound this morning with a considerable price increase.
Due to rumors that CZ might sell a portion of Binance's equity, it is likely that a powerful consortium will take over. Therefore, in the long run, the outlook for BNB remains promising, but the key is to pay attention to your cost price and avoid chasing highs.
Should we buy the tokens that Sun Ge has cut?
Recently, Sun Ge raised the price of his tokens by selling over 2,000 Bitcoins, leading to price increases in TRX and other tokens related to the Tron ecosystem such as JST, SUN, WIN, etc. Sun Ge seems to be leveraging market trends to boost his tokens. However, this surge may not be sustainable, so everyone should operate cautiously to avoid chasing highs. Sun Ge was previously sued by the U.S. Securities and Exchange Commission (SEC). Although he has used various means to increase the price of his project's tokens, such operations carry significant risks, and investors should avoid following the trend blindly.
SEC issues regulations for the cryptocurrency market
The SEC (U.S. Securities and Exchange Commission) has recently strengthened its regulation of the cryptocurrency market, and many tokens previously classified as securities by the SEC have seen good price increases. For example, tokens like ADA, ALGO, ATOM, FIL, FLOW, ICP, MANA, MATIC, NEAR, OMG, and SOL have all shown certain recoveries in the market. Therefore, everyone can pay attention to those tokens that have not yet rebounded to see if there will be another token with a significant price increase.
Overall market trends
Currently, the overall market focus is gradually shifting from Bitcoin to altcoins. The price of Bitcoin is relatively high, leaving little room for further increases. More importantly, market liquidity is beginning to shift towards other tokens, especially the second-largest Ethereum and some altcoins. Therefore, in the short term, Bitcoin may undergo adjustments, while altcoins may present more opportunities.
Market opportunities and risks
Although it is currently a bull market, short-term adjustments are inevitable. Therefore, everyone should remain vigilant, especially as the market rises, and remember to manage their positions to avoid excessive leverage and full positions. While the market is full of opportunities, if we lack capital, opportunities mean nothing. While earning profits, one should also consider risks and reasonably withdraw some positions for emergencies.
Pay attention to the fund flows in the market
Recently, we have seen that the inflow of ETF funds into Ethereum has surpassed that of Bitcoin. This indicates that institutions are increasingly interested in Ethereum, suggesting that ETH may become one of the leading tokens in the market in the future. Moreover, there are many potential tokens among altcoins, such as SOL, which may also launch their own ETFs next year. Therefore, everyone can pay attention to the fund flows of these tokens.
