BTCSidewaysaltcoinThe taste of the general rise is back.
Today this feeling is almost in place. Compared with the mainstream counter-attack trend of the previous three days, the trend has become more obvious. Many zones that have been dormant for a long time are gradually emerging, and they have started to break through the monthly line in batches.
At this stage, it is crucial to dump the old Position. It seems that it is relatively easier to guess the top of a Bull Market and the bottom of a Bear Market in the later stage. The macro fundamentals can explain a lot when Liquidity is insufficient. Currently, the optimistic and aggressive view is to hold firmly if you have a strong belief in the Bull Market cycle.
If you are conservative, continue to maintain the mode of recovering the cost in deep positions. After exiting, forget about the once unbearable Holdings. Believe it or not, a good mentality is the basis for us to make stable and long-term profits in the crypto market. Any position is profitable as long as there is a profit.
In the past few days, FIL, APT, and AI concepts have also started to gain momentum. Looking at the timeline, the optimism of this round of sustained rebound in the old mainstream zones is expected to last for more than a month and a half, and then the hotspots will gradually transition to other zones that were once popular, such as the currently active ETH L2.
As the Bull Market progresses, BTC has become an increasingly unattainable asset for us. The output of Market Makers on Wall Street and the approaching six-figure mark clearly indicate that there may be no opportunity to see BTC below $10,000 in the future. As an old-timer who has experienced both bull and bear markets, I can't help feeling sad when I think of this situation. If you have been solely focused on playing with BTC since entering the market, maybe you would have more 'big pie' in your hands.
OP continues to remain strong. To reiterate, if the monthly OP can close above $2, we can aggressively look at the $5 position next month. If Ethereum is the soul of altcoin, OP can be called the bull and bear indicator of altcoin. As the L2 concept with the widest usage at present, the market activity of OP can reflect the value logic of a considerable number of high-quality projects at present.
Elon Musk's Boring Campany platform announced today that it accepts DOGE payments, directly pushing DOGE again with a wave of Favourable Information. The half-position DOGE that was bought last time probably won't go down to the expected Margin Replenishment position. This is how the Favourable Information of the Bull Market works, as soon as the news comes, Liquidity comes, and it's hard for the market not to rise.
Remember that at the bottom of the deep bear market last year, whether it was Musk or Xiao Ma, or other third-party international banks, there were announcements of Favourable Information for receiving some Token payments, but the market often made a lot of noise but little action, with a small rise followed by a continued big drop. At present, the fire of the altcoin season has already been ignited.
One last point I would like to share with everyone is that no matter what stage our Position is in, at least prepare a reserve fund of 10% for black swan events. Looking back at historical cycles, there have been one or several black swan market situations, and they tend to occur roughly every six months. Currently, the FOMO sentiment in the market is gradually increasing, and the maturity of the crypto market has been growing stronger with the entry of capital from Wall Street. However, instead of forgetting the dark history under the general rise in market sentiment, it is increasingly important to pay attention to it. A reserve fund of at least 10% for black swan events is enough to turn unexpected events into planned risks, giving us an opportunity to overtake Large Investors on the bend.
Macro data BTC Spot ETF net inflow of $485 million, ETH Spot ETF net inflow of $91 million. From the cyclical data, the inflow of ETH Spot is in an upward adjustment cycle. If this data can be maintained stable in the long term, it will be very helpful for the price of ETH later.
What should come will come. In terms of operation, compared to a year ago, it has been advocating for Auto-Invest and buying BTC and Ether. Compared to a month ago, this bottom can be lying in ambush, and the consolidation period can be considered, and it has also eased a lot recently. When the market is in FOMO, it is important to look at your chips and choose the right time to dump rather than blindly chase rising prices. The most important thing against human nature is to resist psychological pressure and desire. In short, while firmly holding the chips, there must be a plan to reduce position after making a profit.
BTC: Bitcoin is stuck at the 100,000 line for adjustment, shorts definitely have no momentum at this position, the market does not have the potential for a major decline. Sideways movement for BTC is the best feedback from the market, so that Ethereum and other altcoins have the opportunity and expectation. Technically, in the four-hour BTC market, strong support is around 97,300, and the expectation for long positions is still a wide adjustment after breaking through 100,000, with funds gradually flowing into the altcoin zone. Stay positive.
ETH: The turning point of the ETH market is expected to break through 3800 points. The recent high point has reached 3500 points and is gradually strengthening. Its L2 camp has also gradually moved out of the previous sluggish data form. The four-hour trend support has moved up to 3300 points, and the short-term trend is expected to be volatile and pump.
Altcoin: After meme mentioned that the wave has passed a few days ago, some on-chain zones that were very hot recently have also continued to lose liquidity. One major reason behind this is the incident with dexx. The short-term meme trend is still declining, so it's advisable to shift our focus. Also, it is worth emphasizing that even though the overall meme is declining, it is not closely related to the rise of strong and robust single coin follow, mainly referring to the lack of the concept of being listed on major exchanges. Many old altcoins have not risen recently, including BCH, APT, FIL, LTC, and even EOS have not shown significant movement based on the daily trading volume. We cannot buy all the coins, so it is mainly about following the ones in our hands.
Other altcoin, comment area exchange.
Panic Greed Index 93 intraday. (Profit-taking positions pay attention to reduce position for risk aversion)
Finally, stay away from leverage and stack up on Spot!
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