The zoo market has reappeared. In the past two days, many animal concept coins have seen a significant increase, such as EDOGE, PESTO, MOO, DENG, CHEEMS, etc., all of which have seen a large increase.
This is the beginning of the Meme narrative. The copycat industry is recovering. Once adjustments are made, the copycat industry will explode. The copycat season will break out along with the Q4 explosion.
Bitcoin is very healthy at the 4-hour level. Next, we don’t need to pay attention to the broader market, because the broader market has been rising until the end of the year, which means that confidence in encryption will continue until the end of the year. At this time, we should pay attention to high-quality copycats at the community or other levels.
At present, the market is also in an upward trend, but it has been sideways in the 62,000~65,000 area for a while. Because this wave of rise is still relatively steep from the perspective of the trend line, so it is a relatively healthy phenomenon to consolidate below before standing firmly at 65,000. From the weekly and daily lines, the BTC has already stood on the 15-day EMA, which is a stage of bullish resonance. Therefore, we are still looking forward to this wave of breakthrough! If it breaks through, there will be a wave of money-making effect!
Why do we say that a big bull market may really be coming? And how will the market develop in the future?
Gold is going crazy, breaking through all-time highs. Bitcoin rose by $4,000 in the past week, and Ethereum rose by nearly $300. The crypto industry experienced its best week since September. If it can keep up, the Bitcoin decline curse in September will be broken. Some analysts even said that this is just the beginning, and the next October or even the entire Q4 will usher in a bigger explosion.
What are the factors driving Bitcoin's recent rise?
1. The Fed cuts interest rates, kicking off the rise of Bitcoin
2. Gold surges
3. Ethereum rebounds, driving market sentiment back to health
Ethereum has bottomed out and rebounded in recent days, boosting the activity of the entire ecosystem. Market sentiment has improved, and all sectors are rising, which also plays an important role in maintaining the price of Bitcoin.
4. Harris publicly announced his support for the crypto industry for the first time
How will the market develop in the future?
Let me first state the conclusion. I believe that there is still a risk of a final decline in this round. If there is only one decline (buy decisively when it declines), the market will move in a slow bull market from now to the middle of next year! The reasons are as follows:
1. BTC’s market share has been rising for two years. In the process of QT to QE, BTC’s market share will peak and will be accompanied by a longer weekly decline.
2. During the nearly 40 years of the Federal Reserve's interest rate cuts, the U.S. stock market has experienced a sharp drop, and most of them occurred around the second or third interest rate cuts. BTC is certainly not immune.
3. The realization of QE will truly bring about an explosion of liquidity in the crypto, and only then will the raging bulls enjoy the bubble moment. This time is obviously after the second half of 2025.
4. From the market, BTC has completed three waves of weekly lines. It may be that it has reached the peak at 73,000 and is currently in a rebound, and then continues to fall after the rebound. It may also be that BTC will set a new high, complete 5 waves and then fall. In any case, unless BTC rises above 100,000, it will face a weekly top divergence or the weekly rebound will fail to set a new high, which will lead to a substantial correction for a long time.
Although the market is constantly being cleansed, from the current price we can see that the total decline of BTC is not large, ETH is slightly more, and the altcoins are incomparable, many of which have been halved again and again. Now we can only say that a new stage has begun, so keep a good attitude, the past is the past, and we have to take the roller coaster ride.
Everyone should cherish the chips in their hands and not throw them away easily. Holding them until the end of the year is the right choice.
The interest rate cut cycle has begun, and the upcoming surge in prices is clear; it just takes time to develop. Don’t miss the opportunity.
Will the copycat season return?
This wave of copycats is about to start. You can make mistakes N times, but you must make the key one right. Otherwise, the sunk costs will really be sunk...
Many people say that there is no copycat season, but the key is how to define the three words "copycat season"? If you don't define it well, everyone's words are reasonable and everyone's words are unreasonable!
I said, I think there is still a copycat season, but the timing is not right, and it is different from what many people think of as a copycat season~
If 75% of the top 50 tokens outperformed Bitcoin in the last quarter (90 days), it is an Altcoin season. Stablecoins (Tether, DAI…) and asset-backed tokens (WBTC, stETH, cLINK…) are not included in the top 50
So, remember, if 75% of the top 50 coins in the last 90 days outperform Bitcoin, it is an “alt season”.
What kind of cottage season do you want?
Will it be considered an altcoin season if 20% or 50% of the 2.4M Altcoin rise?
In fact, the round of market dominated by AI and inscriptions that started in November 2023 can be regarded as a round of "copycat season" market. After all, the copycat season index rose from the bottom to 75!
Even if all the new money is just buying Bitcoin or Bitcoin ETFs, who sells it to them? Is it not the crypto that sells it to them?
And these people left the crypto after selling? How can Altcoin and Bitcoin be isolated? This simple logic has been explained by many experts in the isolation theory.
Looking back, every bull market starts with Bitcoin. This is the rhythm of water flowing in. The reason why the copycat market has not exploded is that the water is not big enough.
(I plan to ambush some low-market-cap coins with good news in the near future to help everyone recover. The current market situation is not stable. I will take 30% in the short term. The next password will be announced soon!!)
Number of people: Temporarily limited to 50 people, mainly spot goods
This is the end of the article. I will do a more detailed analysis in the communication group. If you want to join my circle, please contact me directly through the WeChat below!
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