The truth is simple. Use a few simple logics to understand the current market situation:
1. Bitcoin monthly chart shows that the bull market is very obvious. Currently, the monthly chart has only crossed a few lines. It is normal that the price is consolidating near the new high, washing out the profit-taking, and providing support for the next wave of rise. As I said before, the maximum correction to 60,000 is the limit, and it may not reach that level yet.
This phenomenon occurred when Bitcoin reached $6,000 in the 2017 bull market and before the start of the second wave of the main upward trend in 2020, when Bitcoin was around 10,000 yuan. (It consolidated around 10,000 yuan for 6 months)
2. Shanzhai needs to learn to delay the enjoyment: the siphon effect of Bitcoin is still there, and the hot spots of Shanzhai are still there, but they are delayed in time as the cycle changes. Especially now that there are so many leeks and so many currencies, the main players are also waiting through the wash, taking advantage of the momentum to launch opportunities. (The indicators of Shanzhai for Bitcoin are currently at the bottom, pointing to the eve of the outbreak)
3. Adjust your mindset: Many people are now doubting that the bull market is about to end, because they are being tortured by the market and are going crazy. The more pessimistic voices there are, the healthier the main force is.
With so many favorable factors supporting us in the future, the second half of the bull market is bound to come!
（1）ETH ETF
(2) Prague
(3) Expectations of interest rate cuts and the actual entry of interest rate cuts,
(4) The US election obtains votes from crypto users and releases more favorable policy news
The current situation is a typical bull market, with a period of rise and then a period of sidewaysness, especially for copycats. In the bull market, they take three steps forward, three steps back, and then run six steps. The time for copycats to explode is actually very short. The six steps are in the last 1 to 2 months of the bull market, and then the whole battle is over.
Tokens worth watching for 10-100x returns:
- Bonk（￥BONK )
Market value: $1.844 billion
24-hour volume: $274 million
BONK is the dog-shaped MEME coin of the Solana ecosystem. It was launched in 2022 and was initially distributed as an airdrop to compensate FTX victims. Bonk issued a total of 100 trillion BONKs, 50% of which were airdropped to the Solana community.
In 2023, BONK ranked first in the top 100 market capitalization with a return rate of 73 times. On December 15 of that year, Binance launched the official . Affected by this news, BONK rose by 0.00004 US dollars for the first time, but the good times did not last long.
It has continued to decline since then, even dropping to $0.00001 in mid-January, until early March, when it hit a record high of $0.000048 due to the hot market. Since then, BONK has been fluctuating around $0.00002 to $0.00003.
- Bittensor（￥TON)
Market value: $18.9 billion
24-hour volume: $237 million
TON has become an accepted medium of payment on the Telegram platform. Influencers can now earn TON as a reward by creating active channels on the Telegram app. The growing use of cryptocurrency and its increasing adoption rate have made it one of the best performing cryptocurrencies in the bull market.
Toncoin has seen a significant increase in value since June, breaking out of a consolidation phase around $6.00. Last week, a flash crash in the cryptocurrency market caused TON to fall back to the $6.20 support level, giving bullish investors an opportunity to capitalize on this level and push the price back into bullish territory.
Moreover, TON is steadily trading above the 50-day and 200-day moving averages, showing the potential for further upside.
Finally, Xiaoru wishes everyone to become rich soon!
If you buy at the bottom in this market, you might end up buying halfway up the mountain. If you don’t buy at the bottom, you might miss the chance to get on board!
In any industry, insiders make money from outsiders. If you don't understand the trend, investment strategy, or systematic investment method, you are welcome to learn from me. In the financial market with the most smart people, you can successfully dig for gold! Welcome to follow my profile and find me!
See you next time
