Let me briefly talk about the current market. After yesterday's complete madness, the market has shown some small differentiation. Bitcoin is consolidating at a high level, and the sentiment of the entire market is still affected by whether Ethereum's ETF can be passed! Yesterday, the copycat or meme sector was more talked about. Pepe's market value reached a new high, and it is indeed the god of the market. On the contrary, many value coins have not been paid for, and SSV and LDO have recently received pledges, which is very controversial.
Another thing is that Trump's campaign team began to accept cryptocurrency donations, including Dogecoin and Shiba Inucoin, and he became the first political candidate to accept cryptocurrency donations. This will undoubtedly bring further traffic and attention to the cryptocurrency market.
From their website, we can see that the cryptocurrencies currently supported for donations include $BTC $ETH $SOL $USDC $USDT $XRP $DOGE $SHIB $ADA $AVAX etc. This event can definitely go down in history. 2024 can be said to be the first year in history that the crypto market officially entered the traditional world, which is worth remembering.
Be patient, the market has indeed come. Now the market is waiting for the news on the 23rd to be released, and then continue the market after digesting it! The outbreak is coming, hold the chips, choose the high-quality track, and it will be worth the trip!
If the Ethereum ETF is approved, the market will most likely have a short correction, just like BTC fell from around 48,000 to around 38,000 after the BTC ETF was approved. However, it is worth noting that after the decline, there was a stronger rise, directly from around 38,000 to the historical high of around 74,000, nearly doubling. If the volume of Ethereum is smaller, this wave of news will definitely go above 4,000! BTC breaks through the historical high, takes away the corresponding liquidity, and then steps back, and the cottage season begins! This is a trend that I personally expect! This means the script after approval!
The biggest news yesterday was that GALA was hacked. In fact, I personally think that this incident was a self-directed and self-acted incident. After all, there are many such incidents in the industry. With the good news of Ethereum ETF, GALA did this. Maybe it was to pick up the bloody chips at the bottom. Because there was not enough time, the chips had not been collected yet, so it released a negative news and took the opportunity to harvest another wave! The bold ones can actually ambush. If it is really intentional by the dog dealer, then it is only a matter of time to pull up. After all, the position is not high. Secondly, DWF also entered the market to express support for the development of the project. There was news in the morning that the hacker also returned the ether, so my guess is more confirmed!
In addition, ZK, one of the four kings, is finally about to have an airdrop, so the L2 sector is bound to usher in another wave of speculation. ARB, OP, and STRK are the key layout targets. After all, there is the benefit of Ethereum ETF at present. The project party of ZK is also quite good at choosing the time. Relatively speaking, the release of B at this time can bring good returns to the project party’s investors!
Secondly, the ZK ecosystem will definitely usher in a wave of hype. Vitalik has mentioned the prospects of ZK technology more than once, so this sector is relatively one of the areas that can be focused on!
Each sector has its own opportunities. When the market is unanimously desperate, it often welcomes hope. When the market is heavily betting on SOL, SOL has not risen much recently. Therefore, under consistent expectations, it often moves in the opposite direction! A half-believing and half-doubting market often moves out of a continuous trend. As long as the current Ethereum ETF news has not been implemented, it will continue to be hyped in a half-believing and half-doubting state! After landing, whether it passes or not, a short-term retracement is inevitable, but the adjustment time should not be too long! In the process of operation, what we have to do is to stop profit according to our own positions and our own profit targets!
Before the news comes out, a pullback is an opportunity. Build a position boldly and wait for the news to come out. You can appropriately take part of the profits at highs and then buy them back at lows. You can attack when you retreat and defend when you advance!
Now that the Bitcoin upward channel has been reopened, it will not stop. However, the current market sentiment has not been fully mobilized, so the overall market will rise in a two-step forward and one-step backward manner.
In terms of copycats, meme is the main one. Currently, $PEPE has completely become the leader this year and is expected to break away from the previous model of doge and shibi, so it is necessary to pay special attention to it. In addition, people and other things should be paid attention to. The US election reflects the rights of the people, so this type of meme may continue to be fomo'd by the market.
Finally, I want to say that holding on, holding firmly, in the long run, making money is not a difficult thing~
Pepe continues to rise, some people have 10 times, and those who enter below 7 have also doubled. The main thing is to hold firmly, and the market will give you a result! At present, the big bull has not come, only Pepe, a 10-fold B, has come out. There will be many Bs with more than 10 times in the future. As long as you can hold the currency, do not operate randomly and keep up with the rhythm, all the lost profits will be earned back for you! Come to VIP to arrange benefits today!
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