New highs are being broken daily; where is the top?
A crazy week has started. To borrow a line from MicroStrategy CEO Michael: If you want to invest in Bitcoin, the short-term investment horizon is four years, the medium-term is ten years, and the correct investment horizon is forever.
The weekend market also saw a crazy surge, with new highs being frequently refreshed. The large-scale trend continues to look bullish, while in the short term, there were double blowouts in the early morning, with continued bullish sentiment ahead. Pay attention to the resistance around 83,000, which is also the 127.2% Fibonacci level from the last bear market.
1. The yellow large structure of Bitcoin has completed its five-wave pattern, and the purple fifth minor wave also has a complete five-wave structure, reaching the previous target above 80,000.
2. Currently looking at a retracement; after the retracement, we anticipate another rise to above 110,000.
Regarding altcoins:
Over the weekend, everyone was waiting for a retracement, but the overall market not only didn't retrace but instead went crazy.
Elon Musk's series is unstoppable; Tesla's stock rises, leading Doge to rise, and then a bunch of other dog coins are following suit. Doge has broken its annual high, aiming for historical new highs.
The TON ecosystem has erupted first, with X on OKX leading the entire ecosystem to dominate the exchange's gain list, like hmstr cati dogs, etc., all showing significant increases.
Currently, there isn't much talk about sector rotation in the market; it is in a collective surge state: the strong ones are still meme-type Doge, Neiro, etc. However, DeFi-related projects are also very strong now, with a focus on ENA.
The Bitcoin ecosystem has exploded today; further attention can be paid to projects like stx, ordi, bb, etc.
➜ $SUI
▶ Market Cap: $9.019 billion
▶ 24-hour trading volume: $2.409 billion
- Sui is equivalent to Sol from the last cycle, with substantial capital and a lot of big money, still primarily driven by foreign investors.
- The new public chain using move language is a small test for traditional regular army giants and a stepping stone for web3. Compared to the traditional web3's grassroots army, the move system is undoubtedly a dimensionality reduction. The circulating market cap of the $APT associated with MOVE language is far less than that of $SUI, with the parent currency and top projects in the ecosystem having market speculation expectations.
- Looking forward to the big explosion of the Sui ecosystem next.
➜ $AAVE
▶ Market Cap: $2.794 billion
▶ 24-hour trading volume: $595 million
- AAVE, as a blue-chip from the last DeFi cycle, has started to rise after first emerging from the downtrend.
Its security and liquidity choices are famously good.
- AAVE has strong overall strength and is on par with Uniswap.
➜ $ENA
▶ Market Cap: $1.640 billion
▶ 24-hour trading volume: $969 million
Ethena (ENA) is a decentralized stablecoin protocol that provides synthetic dollars for DeFi and Web3.
It employs a delta hedging strategy to ensure stability, scalability, and censorship resistance.
This protocol includes a governance token ENA, which has significant growth potential.
➜ $FLOKI
▶ Market Cap: $1.709 billion
▶ 24-hour trading volume: $1.393 billion
$FLOKI is one of the few OG memes that still stand tall, following closely behind $DOGE and $SHIB.
What's the difference? Floki actually has utility and has built a large ecosystem over the past three years.
This is also why I don't easily chase random surges—I'm more inclined towards those #memecoins that have survived the bear market and have fundamental support, especially #Floki.
➜ $VET
▶ Market Cap: $2.092 billion
▶ 24-hour trading volume: $109 million
With the support of its VET token, VeChain has become a pioneer in real-world business applications. The value of this token has recently skyrocketed, making it one of the key RWA assets worth watching.
VeChain is collaborating with VeBetter to pave the way for a sustainable economy. Through VeBetter's platform, sustainable actions are tokenized, providing measurable value for daily environmental contributions.
It has risen 30.3% in a week.
A person is lonely; the retail investors need to band together. The bull market has arrived, and everyone is welcome to join, to move forward hand in hand, not to waste this round of bull market, and to face the uncertain future with a determined collective.
