Last week Bitcoin was trading in a high range, and this morning it reached a new historical high! Can Bitcoin set another record this week and hit 100,000?
The small fluctuations in BTC are quite large, and one can see it fluctuating up and down by two to three thousand points over the past few days. One moment it soars, the next moment it crashes; the main goal is to wash out high-leverage players to allow for better growth later on. Currently, there is a demand for a pullback in the small scale, and after breaking the historical high, there were enormous sell orders that were immediately crushed.
The path for Bitcoin to break the historical high again will only become increasingly difficult, meaning that many institutional large holders have basically doubled their BTC at the bottom, and selling pressure will also be significantly higher. This is why there are large fluctuations in the market, washing out positions back and forth. So, next we should pay attention to the support range of 90,500-91,000. If it does not break down, continue to be bullish. If there are signs of stopping the drop in this range, one can consider entering long positions.
Last week was a week where Bitcoin was trading in a high range, Memecoin surged, and altcoins shrank. Bitcoin repeatedly broke new highs, and this week it is expected to break the 100,000 mark, which will also bring severe volatility. Many Memes have performed quite a bit last week, and this week they will start trapping people. It is advised not to buy these memecoins with huge profit margins at high positions, such as Pnut, which need deep corrections.
In the past few days, most comments were related to MEME, asking if they can chase certain MEME at the current price?
I wouldn’t advise anyone to buy any MEME with a large position at any time, as most people cannot handle it; they will buy but not sell, and ultimately will get trapped. Many memes could just trap you forever.
The more experiences one goes through, the more one sees through the ugliness of human nature; it doesn’t matter how many times you earn, once you have a big loss, you will become the sinner.
Previously, I would suggest everyone pay more attention to the SOL sector and MEME, and I have my own layout, selling in batches, and selling high. But right now, regardless of whether it's profitable, one should no longer focus on it because the end of FOMO is being harvested.
The end of finance is the secondary distribution of capital, which essentially turns your money into someone else's and someone else's money into yours. How do we do this? How can we prevent becoming the first type of person and turn into the second type?
It’s simple: want to layout before others, hold during the downturn, and then continue to sell during the rise, waiting for the next opportunity. So, better to miss out than to chase high positions with large amounts; if it's just reasonable positions to take a chance, then it doesn't matter.
At this time, fans may ask, which sector can be laid out next?
RWA is a relatively reasonable uptrend; currently, the potential outweighs the risk, and it could be considered for a long-term investment.
Compared to other altcoins, this sector has three advantages: one is focus from Americans, another is practical application, and the third is a new narrative for the new bull market that didn’t exist before.
In RWA, there is OM with over 200 times increase, which represents the trend. There is MKR, the new leader ONDO supported by BlackRock, and many similar tokens like polyx, etc. Most of them have already doubled close to the bottom in the recent month’s market.
In the entire altcoin sector, the project that BlackRock is clearly participating in might only be ONDO. A large amount of unlocking begins next year, and currently, the market is mostly worried about the trend after unlocking. Personally, I believe unlocking is a double-edged sword; with increased circulation, it may suppress long-term prices, but it must also rise to support capital exit.
The most direct personal opinion: BlackRock's layout is not limited to this; the money made from MEME should flow into here, which is safer and more reasonable.
