Bitcoin prices have soared to new highs BTC; is the two-year-long anticipation for the copycat season finally here?

The US election dust has settled, and Trump has won a landslide victory to become the 47th President of the United States. After Trump's election victory, the US dollar, stock market, and currency market all rose, with the Dow Jones Industrial Average closing up 3.57%, the S&P 500 index up 2.5%, and the Nasdaq up 2.9%, all reaching new highs. BTC hits new highs across the board; is the long-awaited altcoin season finally here? Haha, the bears are no longer laughing, and the short-sellers have also cried. After experiencing 8 months of correction, the market has finally broken out to new highs, and many people may have already lost confidence after being washed out. Wake up, don't sleep, the bull is running, take off, take off completely, congratulations to BTC for breaking through the historical high, now it's our turn to celebrate. But the question is, how should we look at it going forward? 1. Today, ETH broke through the 2820 resistance level, and the DeFi sector also rose across the board, with capital flowing from BTC to the ETH system, causing BTC.D to plummet. 2. ETH/BTC is starting to stabilize, which is a trend-changing move of great significance, and may mark the end of the 3-year exchange rate decline, ushering in a period of ETH's overall strength. 3. The market's focus has shifted from meme coins to DeFi. 4. Since ETH has broken through 2820, I am no longer bearish on the market, and have already bought some ETH. Of course, there is still the possibility of a false breakout, and if the weekly candle closes above the breakout, I will go all-in on ETH and DeFi. As for Bitcoin: After the new high, many people wanted to short on the pullback, but they probably sold at the top today. However, a pullback should still occur, and we need to be patient and wait for the opportunity, as Trump's election is positive in the short term, so BTC should perform well. I think the positive impact of Trump's election will continue to unfold, and technical analysis has lost its significance. The key here is to follow the cycle. If BTC reaches $100,000+ in Q4, consider taking some profits, and then buy back in on the dip. So is this a new bull market phase or have we already seen the top? Undoubtedly, we have not yet reached the top. I personally believe this is a new phase: at this rate, there will likely be two more rate cuts this year, and reaching $85,000 by the end of the year is very possible. It's important to know that even with Trump in office, cryptocurrencies are not a top priority for the Republican Party, as there are many higher-priority issues like military spending and healthcare that will take precedence. So realistically, we may not see significant crypto-related policies until the second quarter of 2025. As long as there is no economic recession or black swan event, the fourth quarter of 2024 should be the most stable, but there may be some volatility between Christmas and January 20th, and a new wave of positive news is likely after the inauguration on January 10th. And historically, the market usually starts to steadily rise about half a year after a major correction. However, that doesn't mean it's a guaranteed easy profit. As more institutions and professional investors enter the market, we small-time traders may face more challenges. In summary, the risks are relatively low before the second quarter of 2025, but we still need to closely monitor US monetary policy, the Federal Reserve's stance on rate cuts, the unemployment rate trend, and whether inflation will fluctuate. On the altcoin front, I've noticed SOL, Doge, APT, and Sui, and I believe the rise of the Move ecosystem is inevitable. The altcoin market has been activated, and the capital effect is rising! After stabilizing, we can go all-out, and the certainty will increase further. Looking forward to a new round of the market! The trading logic will mainly focus on quality meme coins and quality DeFi projects. I've repeatedly told everyone that once mainstream capital and institutions enter the market, in addition to BTC and ETH, they will definitely look to quality altcoins with solid infrastructure. After BTC breaks new highs, altcoins will take off, which is what I said before. Yesterday, all altcoins were rallying. If you didn't play futures and didn't get liquidated, you would have made some money. In the next two months, it will be the crazy mode, so cherish the opportunity. I'm now preparing to reorganize the discussion group, and the new group has already been set up! As the market has returned to an uptrend, opportunities for altcoin breakouts will emerge. If you want to join the group, please message me, and I'll add you one by one! I'm also creating a crypto welfare group! (I plan to find some low-cap coins with news catalysts in the near future to help everyone recover their losses. The altcoin season is about to arrive, and I'll help everyone catch the altcoins that can double!) Group size: Temporarily limited to 50 people, with a focus on spot trading. Additionally, we also have a VIP paid group (spot trading). If you want to join the VIP group, feel free to reach out to me! Scan the code to join the community!