In the crypto industry, if you want to seize the next bull market opportunity, you need to have a high-quality circle. vx: alpha6588 (add and chat privately to join the group)
The BTC price has hit a new all-time high. Bitcoin has broken through the long-awaited $97,500 mark, setting a new record high. BTC is only 2.5% away from reaching the iconic $100,000 milestone. To describe the current market conditions in one sentence, it would be "Only Bitcoin can stand tall." Bitcoin is the undisputed leader in the current crypto asset market.
Since Trump's victory in the US presidential election, Bitcoin has entered a rapid growth mode
On the evening of November 10th, Bitcoin broke through the $80,000 mark. In just 3 days, Bitcoin has surpassed the $90,000 level. In the early hours of November 13th Beijing time, the price of Bitcoin soared, successively breaking through the $90,000, $91,000, and $92,000 barriers, setting a new all-time high.
From November 1st to November 14th, Bitcoin has accumulated a gain of over 32%. From the beginning of 2024 to now, the price of Bitcoin has soared by more than 100%.
From November 1st to November 21st, the price of Bitcoin has risen another 6.73%. It is only 2.5% away from reaching the iconic $100,000 milestone.
Will there be an Altcoin season?
Whether an Altcoin season exists or not depends on the flow of funds. When a large amount of capital flows into the Bitcoin market and drives its price up, we must consider the source of these funds and their direction. The rise of Bitcoin has indeed attracted investors, but whether these investors will turn to invest in Altcoins will directly determine the emergence of an Altcoin season.
Currently, the spillover effect of the US stock market is already very obvious, and capital is flowing from some areas to the long-stagnant mining stocks. For the Altcoin market, we need to consider which targets the funds, especially the investors from the US, that are entering the market to buy Altcoins, are more inclined to invest in.
The Altcoin market is expecting a bull market, but the lack of bottom positions will make it difficult to stand firm in the market fluctuations. Past experience tells us that market changes often exceed expectations, such as the washout of wld, the violent fluctuation from 10 to 1 that caught people off guard. Therefore, if the Altcoin market breaks through again, the subsequent deep adjustment may leave many people behind.
Therefore, at this stage, we must be prepared for possible market adjustments. While pursuing profits, we also need to leave a way out for ourselves. Do not underestimate the possibility of a market downturn, and this probability will increase when everyone chooses to sell. This will be a key stage in the early stages of the bull market.
The club stands out, seizing the large MC memecoins on-chain
Recently, the widely watched BTC, is about to approach a new historical high. Its price fluctuations and trends have attracted the attention of many investors. At the same time, many Altcoins have shown a serious downward trend, causing many investors to suffer significant losses in their Altcoin investments. In this market environment, it might be better to turn your attention to the on-chain, and explore the hidden codes there. In short, just double your investment in on-chain memes and let the profits run, as BTC is about to hit a new high, while Altcoins are seriously declining, so come and find the codes on-chain! Note: Time to seize the large MC memecoin is November 20th.
What to do next?
1. Don't chase the rally easily
When BTC is leading the market, chasing the high-priced entry carries high risks, especially when funds have not yet fully entered the market.
2. Pay attention to the spillover effect of funds
Once the upward trend of BTC slows down, funds may flow into other cryptocurrencies, especially "leader" coins like ETH, SOL.
3. Ambush the hot tracks
Recently, you can pay attention to Layer 2, Web3 or MEME tracks, as these sectors often tend to follow up with a rally after BTC's strength.
Create a high-quality circle, mainly explaining various basic industry knowledge in the crypto world, the rotation of hot sectors, as well as the basic methods of identifying tops and bottoms, how to better grasp this bull market, and so on. If you are interested, you can contact me, alpha6588 (add and chat privately to join the group)
