Good morning, brothers! The big bull market has really arrived! Bitcoin has broken through $93,000, which is the first time in history!
Last night, the US Department of Labor released data showing that the US CPI (Consumer Price Index) in October rose 2.6% year-on-year, up slightly 0.2% from September, both in line with previous expectations.
At the same time, the core CPI excluding food and energy remained unchanged from September at 3.3%, with the same year-on-year increase of 3.3%, both in line with market expectations.
With the release of the CPI data, the expectation of further rate cuts in December was strengthened, and Bitcoin surged again last night, breaking through the $93,000 mark in the early hours of today (14th), reaching a high of $93,263.
However, selling pressure then emerged, and it even fell back to $88,000 earlier, with the current price at $89,828.23.
Let me go through my current thinking, BTC has reached the threshold of 10,000, it is worth pausing to think and try to guess the next trend:
The logic of this round of the market may be like this, Bitcoin opens up the valuation ceiling to attract external attention and new retail investors, MEME is responsible for directly taking in these new retail investors' small amount of funds and generating a wealth effect, just like providing a cheap and high-quality boarding platform, so the flywheel effect is generated, and traditional Ethereum and Altcoins are (temporarily) excluded from this industry chain.
The objective facts are as follows:
1. $10,000 is the biggest psychological barrier in the history of BTC, and there must be a lot of selling pressure at the spot market.
2. The smart short sellers like me must have also thought of it, so the short positions on the $10,000 contract must be at a historical level.
3. Currently, the market sentiment is exploding, the Google search volume and the ranking of Coinbase on the App Store show that the buying pressure is very strong.
Based on the above three points, I think that the decisive factor in the short-term trend around the $10,000 mark will be the size of the current long positions with leverage. If the longs are too crazy, I think there will be a drop after breaking through 10-11,000 to take out the short liquidity, but if the longs are timid and choose to be conservative, the possibility of directly breaking through $10,000 to 12-13,000 is very high.
The battle for 10,000 should be this week, and the market sentiment is high, so the possibility of directly determining the price trend is quite high.
I estimate that most Altcoins will suddenly surge in the next period, but the real market trend is likely to be in mid-to-late December.
Why are most Altcoins so weak during this period?
1. Altcoins usually rise quietly
2. Only a few Altcoins surge when BTC is rising
3. Most Altcoins suddenly surge when BTC drops and rebounds, this is the only way to ensure that retail investors are few and the platform's profits are high
4. The real Altcoin pump usually only takes half a month to get a 2-3x return
Now layout 3 Altcoins with the hope of a 100x increase to help you change cars and houses!
1.TURBO
TURBO is showing signs of an imminent surge. In the past week, its price has risen by 23.62%, indicating growing investor interest. Although it has dropped slightly by 2.73% in the past month, the impressive 719.79% increase in the past six months highlights its strong performance. The current price is close to the 10-day simple moving average, indicating stability and readiness to rise. The recent resistance level is at $0.01297, and breaking through this level could drive the price up by about 40%. The RSI is 45.43, which is neutral and has room for growth. The stochastic indicator is approaching the oversold region, suggesting a potential rebound. If the bullish momentum continues, Turbo could reach higher resistance levels, bringing significant returns. The current price is around $0.0098, with support around $0.0085, and the $0.009-$0.008 range is worth buying.
2.SUI
Sui is a Layer-1 blockchain designed for global adoption. It provides developers with a secure and powerful platform. Sui's core is a novel object-centric data model and the Move programming language. This approach solves the common inefficiency problems in current blockchain systems. Sui also emphasizes user experience by eliminating common barriers in blockchain interactions. With features like zkLogin, sponsored transactions, and programmable transaction blocks, Sui aims to make web3 applications easily accessible and user-friendly. The current price of Sui is around $3.33, with support around $2.85, and a pullback would be a good entry opportunity, making it very suitable for short-term trading!
3.DOGE
DOGE has always been one of my most optimistic coins. After Trump took office, Dogecoin's performance became the biggest winner. The support from two giants, Musk and Trump, has undoubtedly injected tremendous momentum into DOGE. Dogecoin not only has Musk's "favorite son" aura, but also the endorsement of the DOGE department, ETF, and meme culture from the Trump administration. These factors have collectively provided strong market support for DOGE. In addition, DOGE has an extremely powerful narrative, and its future prospects of further integrating the global payment network also mean that its application scenarios will continue to expand. Therefore, DOGE's future performance may be even stronger than the last bull market, and the $1 target is no longer out of reach.
