New highs every day, where is the top?
A crazy week has begun, borrowing a quote from Michael, the boss of Microstrategy: If you want to invest in Bitcoin, the short-term investment horizon is four years, the medium-term investment horizon is ten years, and the correct investment horizon is forever.
The weekend market was also crazily bullish, with new highs being refreshed one after another. The big picture continues to be bullish, with a double kill in the early morning in the short term, and the subsequent continued upward trend. Pay attention to the resistance around 83,000 above, which is also the 127.2% Fibonacci axis of the previous bear market.
1. The yellow big structure of Bitcoin has completed the 5 waves, and the purple 5th small wave has also completed the 5 wave structure, reaching the previous target above 80,000.
2. Currently, a pullback is expected, and after the pullback, the upward trend will continue to look at the area above 110,000.
On the Altcoin side:
Everyone was waiting for a pullback over the weekend, but the market not only did not pull back, but was very crazy.
The Musk series just won't stop, Tesla stock is rising, leading Doge to rise, and then a bunch of dog coins are following the rise, with Doge breaking through the new high of the year and targeting the historical high.
The TRON ecosystem has taken the lead in exploding, with X on OKX leading the entire ecosystem to dominate the exchange's gain list, such as hmstr, cati, dogs not, etc., all of which have seen significant upward momentum.
Currently, the market has not yet seen any sector rotation, but is in a state of collective soaring: the strong ones are still the meme-type Doge, Neiro, etc., but DeFi-related ones are also very strong, with a focus on ENA.
The Bitcoin ecosystem exploded today, and you can focus on STX, ORDI, BB, etc. in the future.
Will Bitcoin see a pullback in the short term?
These days, the most frequently asked question is: "Can I still buy BTC now? ETH has risen, can I still get in?"
Simply put: Be wary of a pullback. When the market sentiment is high, it is easy to get washed out~
Last night, a wave of 10X+ Altcoin contracts was cleared, and it has started again during the day. When the US market opens in the evening, it will enter the buy-buy-buy rhythm again.
However, I hope the market doesn't rise too fast, because if it rises too fast, the profit-taking will be too much and the flash crash will be more violent, which won't be good...
Last week's market was dominated by BTC, completely opening up the space. ETH rose 35% after Trump's election, and Altcoins also made up for some of the losses, but they haven't really started yet. Especially the new coins, while the old coins have had a bit of a surge.
This week, the spotlight will shift to ETH and Altcoins, with the first real wave of upward momentum. Retail investors who haven't gotten on board yet are probably too afraid to chase now, and those who are afraid of high prices in a bull market are the unfortunate ones.
Those who haven't gotten on board are anxiously waiting for a pullback. At this point, those who haven't gotten on board yet are probably too afraid to get on board, and they'll probably chase when it reaches 83,000, after the entire market sentiment has been ignited.
When trading cryptocurrencies, you must not be in a hurry. If you miss an opportunity, just wait for the next one. If you let yourself get caught up in FOMO, you're likely to get stuck in a losing cycle. Have a little more patience, and you'll always find the right opportunity for yourself.
I predict that many people will start staying up all night to trade cryptocurrencies again, with no interest in anything else, and they'll have to open the trading app every moment, or they won't feel at ease. This is absolutely the wrong way to operate.
Don't touch the contracts, this market is hard to handle, especially the Altcoin contracts...
The most critical strategy in a bull market is to survive until the end of the bull market and capture the maximum profits. The road to a bull market won't let many people make money.
That's it for the article, if you like it, please give me a follow and a like~
The new discussion group has already been set up! Now preparing to reorganize the discussion group, as long as the market returns to the uptrend, there will be many opportunities for Altcoins to explode. If you want to join the group, feel free to send me a private message, and I'll add you to the group one by one!
Creating a password welfare group! (In the near future, I plan to find some low-cap coins with news catalysts to help everyone recover their losses, as the Altcoin season is about to arrive, I will lead everyone to seize the opportunity to double their Altcoins! The next password I will announce in the welfare group!!)
Number of people: Temporarily limited to 50 people, with a focus on spot trading
Additionally, we also have a VIP paid group (spot trading) for those who want to join the VIP group! Feel free to add me to learn more!
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