Bitcoin experienced a small pullback over the weekend but still maintains a narrow range of consolidation. Last night it retraced to around 96,000, down from the highest point by less than 4 points. Currently, the momentum seems a bit weak, but there's no concern about a major pullback.
Short-term focus on the 4-hour level. If it returns to around 96,000 again, it might drop to around 90,000 in the short term, but this kind of pullback is healthy; don't be scared. I mentioned before, there won't be a major level pullback below 100,000.
Once Bitcoin stabilizes and starts to truly break through 100,000, it will also mark the acceleration phase of this bullish market. This is the most FOMO phase when retail investors rush in.
The script for the altcoin market is becoming increasingly clear.
We don't get on the bus at the beginning of the flywheel launch. When the flywheel starts spinning quickly, we look up and the car is already far away.
The flywheel effect is very hard to initiate at first, just like the current situation with ETH. The vehicle is heavy, and price increases are bumpy. Once the flywheel starts turning, 'price increase' and 'net inflow of ETF' will mutually promote each other, and prices will soar.
Cherish these days; you can still see such cheap ETH and altcoins. Next week will present a different picture.
What we should pay attention to right now:
- Bitcoin can no longer be called a pullback; it can only be seen as a phase of transitioning from an upward trend to a consolidation trend, and it's on a small scale.
- Altcoins here will have differentiated and independent movements, not necessarily following Bitcoin. However, the altcoin market is also tricky to grasp right now because there are too many coins, and you don't know which one will surge today or tomorrow.
- So the strategy here is based on previous ambushes; if there's a surge, gradually take profits or set protective stops. If you haven't ambushed before, be cautious about chasing highs.
- Because the overall trend of Bitcoin is still upward, ambushing some favored 'main tasks' that have undergone significant pullbacks is a good bullish strategy.
- Those who dare can look for altcoins with obvious top structures to short, but be cautious; it must be a structure above the 4H level; otherwise, stability will be too poor. At this stage, the possibility of forming similar top-like continuations on the 4-12H level is quite high.
- In this market, no one can give you a certain answer, so either trust your own vision or blindly follow some bloggers with higher cognition, place your bets, and be prepared to accept the outcome. Don't be a giant baby or a whiner; this brings no benefit other than showing off your lack of skill.
- Remember the three key elements to becoming wealthy: early entry, heavy investment, and holding on.
➜ $Uni
▶ Market Cap: $6.741 billion
▶ 24-hour trading volume: $947 million
Leading in decentralized exchanges, stable position, market fluctuations do not affect long-term potential. The public chain will be launched later this year, and node operators will need to stake UNI, which will be used as gas for the public chain.
➜ $Ldo
▶ Market Cap: $1.348 billion
▶ 24-hour trading volume: $339 million
Liquidity mining has its characteristics, with low market capitalization but strong liquidity, worth paying attention to. Projects like SSV, Pendle in the Ethereum ecosystem all have their unique traits, touching on finance and mining.
➜ $DOGE
▶ Market Cap: $62.459 billion
▶ 24-hour trading volume: $10.894 billion
Always optimistic and on board, boosted by the Musk effect, significant funds are pouring in, showing strong momentum.
➜ $Ray
▶ Market Cap: $1.826 billion
▶ 24-hour trading volume: $184 million
Decentralized stablecoin protocol, strong competitiveness, great growth potential. New stars in the Solana ecosystem like JUP, JTO, can perform well in finance and gaming.
➜ $Arkm
▶ Market Cap: $681 million
▶ 24-hour trading volume: $223 million
Using AI technology to provide intelligent investment solutions for the market, professional and reliable.
➜ $ADA
▶ Market Cap: $37.214 billion
▶ 24-hour trading volume: $3.409 billion
One of the representatives of the third-generation public chain, significant inflow, Ada initially surged because the founder got involved with Trump's campaign team. It broke the $1 mark for the first time since April 2022.
➜ $Sui
▶ Market Cap: $9.741 billion
▶ 24-hour trading volume: $1.879 billion
Sui is known for its high-performance transaction processing in the Move-based public chain, with updated architecture and strong growth momentum.
Recent battle situation:
On November 22, $SHIB long position, maximum profit of 400%+
On November 24, spot $XTZ, profit of 30%+
On November 25, spot $OL, profit of 15%+