Soaring to new heights, breaking through $71,000!
It's already very close to a breakthrough! Are you ready to welcome a brand new all-time high?
I cannot rule out the possibility of a pullback, but! The fastest scenario is to see it on the evening of the 30th!!!
And the questions that friends are concerned about:
Only BTC can pull, altcoins won't move.
Answer:
Only when BTC breaks through and sucks blood first can it gradually drive the overall market to rally, and the altcoin market to heat up! Market confidence and sentiment need to be gradually built up from the fluctuations and adjustments of the past 7 months. When BTC truly breaks through and accelerates, it will drive and attract more external capital to participate. This will push the overall market trend higher!
At that time, even pigs can fly. Why worry that the altcoin season won't come?
After a full 4 months, BTC has broken through $70,000 again
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This also reaffirms the saying: there is only one BTC.
This breakthrough is very critical for the entire crypto world, as it is related to the progress of the bull market.
BTC has always been the leader, and only when it breaks through the encirclement can the altcoins have a chance to see the light of day.
The crypto industry is a fast-paced one, and as long as the market is on the rise, it can solve all the worries of retail investors.
No matter how many pits were stepped on in the past, and how much was lost, as long as you firmly grasp the subsequent market trend, everything will be fine.
So, the real showdown has begun.
Now, to discuss whether there is still a bull market or when the bull market will come is no longer meaningful.
The market has given a clear signal, coupled with the blind buying of ETFs, the approaching end of the US election, and the successful implementation of interest rate cuts.
These objective factors that determine the overall trend have been gradually finalized, and BTC's price has also started to rise steadily. If you still can't see it clearly, it's not a problem of bad luck, but a problem of your own cognition.
Let's talk about the election again. If Harris is elected, will there be a black swan event?
If Trump is elected, it will be favorable for crypto, as Trump has previously threatened to make BTC a national reserve currency.
This is really strong, and it may change the nature of crypto!
From something that has been considered a scam for decades, it suddenly becomes the regular army!
This is also the reason why Buffett has been frantically selling US stocks recently, because if this capital gains tax is implemented, the rich will have to sell their assets and raise cash to pay taxes.
Robbing the rich to help the poor will inevitably trigger a wave of sell-offs!
However, under the current interest rate cut cycle, as long as the interest rate does not quickly drop below 4%, the overall crypto market will remain very stable! Don't worry!
With this expectation, all global assets can be maintained in a relatively easy-to-make-money stage due to this expectation!
But! If the Fed completes the interest rate cut and returns to its most favorable 3%-4% range, then it will be a bear market!
So, we need to make good use of this interest rate cut expectation cycle!
Complete the safe landing of this bull market!
For you who are confused about the current market, here are a few suggestions!
1. It has always been said that this round of BTC is going to new highs, and the current situation is within expectations, continue to wait for the breakthrough of new highs.
2. Most VC altcoins will wait for BTC to break new highs before they really heat up, and the specific performance will be that VC coins will also continue to explode.
3. Before BTC reaches new highs, altcoins will go up and down, continue to be sucked by BTC, but there will still be local hot spots.
4. Don't FOMO, don't go to crowded places to join the frenzy.
Hold your chips and wait for the final performance of the market.
The article ends here, follow the public account: Web3 Tanzi for more good articles~
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