Bitcoin surges to $90,000 and then falls back, the market sentiment is crazy;
Yesterday the market experienced a pullback, but Bitcoin did not drop much, while Altcoins returned to their original positions. The current market is like this, the BTC uptrend has nothing to do with you, but the pullback is definitely related to you. Bitcoin had a small pullback, and Altcoins directly plummeted, basically all with a drop of more than 5%, it's all red again. Just when you thought your Altcoins were about to break even, the uptrend abruptly stopped!
The bull market is generated in pessimism, grows in doubt, matures in optimism, and departs in exuberance. Which stage is the entire market in now?
I suggest that everyone should get rid of the trading habits during the 8-month oscillation and washing period, and now follow the trend to integrate into the bull market environment. Trump's election victory is just the first step, the inauguration is the second step, and the fulfillment of promises is the third step. Add to that the official start of the rate cut cycle, this position is definitely not the top, otherwise why would those institutions still be frantically stocking up?
The pullback last night shows that BTC and Doge are the main protagonists, with other meme coins closely following. Each pullback can reveal who is relatively stronger. Meme-type coins like Pnut, Neiro, Act, Pepe, Bonk, etc., some are at new highs, some are V-shaped rebounds, and pullbacks are the best opportunities to get on board.
Remember, in a bull market, each pullback is the best opportunity to get on board, but be sure not to blindly add leverage or open contracts. First, ensure the safety of the principal, and then make money.
There will be CPI data released at 9:30 tonight, everyone pay attention to the market volatility!
Doge's surge leads Meme to a new era:
After Trump took office, the SEC will undergo a major reshuffle, and the Ethereum staking ETF should come out very soon. However, the secondary trend of Ethereum is still weak, and the ETH/BTC exchange rate has fallen below 0.038 again. I expect that Ethereum will only gain momentum to catch up after BTC enters a platform period of uptrend. However, with the increasing likelihood of Altcoin ETFs like SOL, XRP, and Doge being approved, Ethereum's moat will become weaker and weaker.
At this stage, we cannot regard Ethereum as a stable crypto asset like BTC. Its leading position is being challenged, and we can only see it as one of the mainstream public chains.
The real winner is Doge:
I've mentioned this coin before. After Trump took office, it is the biggest beneficiary. It has gained from Musk's personal endorsement, the new Doge department in the Trump government, ETFs, and the narrative of meme coins being king, etc. In the future, it may also connect with global payments. Most importantly, Doge has an unparalleled persistent narrative. Dogecoin was born in 2013, and its consensus is even stronger than Ethereum. Musk will also frequently mention it, and unlike others who are just riding Musk's coattails, Doge is what he truly loves. This advantage determines that Doge has the potential to reach a market cap of a trillion dollars.
In each crypto bull-bear cycle, the truly profitable time window is often concentrated within 1-3 months.
Early bull market: There are many market opportunities, high tolerance for errors, and a large upside space. You need to be decisive in your actions and take a larger position.
Mid-bull market: You need to maintain a prudent approach, reasonably control your position size to avoid being trapped in a large position.
Late bull market: You need to be vigilant for risk signals at all times, maintain a clear mind, and decisively withdraw to lock in profits and avoid the pullback.
The biggest losers in the current market are the ordinary Altcoins on the CEXs:
Another major concern in the market is that BTC may crash at any time. Once it crashes, Altcoins will be bloodbathed. So Altcoins on the CEXs have not been favored by capital, as the incremental capital is still not enough. The external large capital only recognizes BTC, and the small retail investors in the circle only play on-chain. As the middle part, the CEX Altcoins are destined to be the biggest losers of this round. They can only passively wait for the capital rotation and are unable to actively participate in the game. So we see a huge difference in the market, BTC has already become so bullish, while Altcoins are still lying at the bottom!
How to win? You don't buy during the downtrend, overcome your fear, and tremble to buy the dips. How can you win?
Trading is against human nature!
When the market reaches the top and enters a range-bound oscillation, Altcoins will start to perform. Hold on to the low-priced Altcoins.
