Bitcoin ($BTC) continues its strong upward trend, reaching a new all-time high of $76,850 on the evening of November 7th, approaching the $77,000 milestone. More information Crypto Dumplings
November is the golden age of the financial market!
Currently, BTC is hitting new highs, and ETH, SOL, and other altcoins have also started to surge. Now, everyone's mood has improved a lot, and the previous BTC-only rise made it difficult to feel the bull market atmosphere.
Two major important events have been implemented recently: Trump's inauguration + continued rate cuts
These are substantive long-term positive factors for the crypto sector, and BTC has also performed very well, reaching a new historical high of $76,655.
This has completely ignited the entire crypto market, and the market has shifted from the previous fear mentality to an excited state.
It must be said that with this combination of factors in November, the previously one-sided bearish sentiment in the crypto market has been instantly reversed.
Now some people tend to believe that the crypto market will continue the bull market, and they have also become more aggressive.
Altcoins have also performed very well in the past two days, with many dark horses doubling in price in just two days.
This is enough to show that the market is much more active than we imagined. Of course, the fastest growing is still the futures market, and many people have fallen in love with the short-term market driven by major news.
No matter what method is used, as long as capital flows into the crypto market, it is a good thing. The more the "get rich quick" myth, the more it can attract external capital and investors. As long as there is money flowing in and people entering the market, the crypto market will gradually warm up.
How will the subsequent market trend go? What strategies can be used to avoid risks?
In the short term, the stimulative effect of the rate cut on the crypto market is very limited: The crypto market has already digested the expectation of the Fed's continued rate cuts; Trump's victory in the US election has greatly boosted the performance of cryptocurrencies, and in the short term, the crypto market seems to be facing the dilemma of exhausting positive factors. An $80,000 position reduction is the most friendly strategy. Even if BTC doesn't drop too much, the overall liquidity of altcoins is still poor, and when BTC drops, the drop in altcoins will not be small. It is necessary to reduce positions to avoid a roller coaster market.
Many investors are interested in the price around $80,000, and most options are executed at this level. They are optimistic that BTC will challenge this price level "within the next one or two weeks". After that, the market may see selling pressure from profit-taking, and we should closely monitor the performance of key support levels and manage risks accordingly.
Waiting for a correction does not mean being pessimistic about the future trend. With Trump in power, global monetary easing, and institutional participation, this bull market will not be small. But we need to avoid FOMO sentiment and be responsible for our own investments. Although making money in a bull market is easy, for altcoins, it is necessary to do timely position reductions and buy back at lower prices. The same price can buy more coins, why not?
Is the altcoin bull market still on? What directions are worth focusing on now?
Let's start with the conclusion: I tend to believe that the altcoin season is still likely to come, and the altcoin bull market is still on!
Trump's inauguration has brought about major fundamental changes for ETH-based DeFi tokens and staking tokens. Projects that were previously restricted by SEC regulations, such as staking and token issuance, can now proceed. For example, Binance's new token COW, and the combined leverage of UNI+ETH.
The mainstream theme of MEME tokens will not change, because MEME is the greatest common denominator of the "get rich quick" psychology in the crypto community. The current leading MEME tokens are lowercase Neiro and the AI+MEME theme GOAT, which are on the ETH and SOL chains respectively, with sufficient liquidity and appeal.
Moreover, the market sectors have started to rotate, and the "all coins rise" trend is gradually emerging. But the real start of the altcoin season still needs time. After BTC has risen enough, combined with the improvement of the economic fundamentals, the altcoin season may start. The specific height also needs to be determined based on the prevailing fundamentals at that time. The slogans have been shouted for nearly a month, and the current market has not disappointed. For the altcoin bull market, first rotation, then comprehensive!
Given this, when will BTC reach a relatively high level? Or how high is considered high enough? It seems that it should at least reach the level when Trump officially takes office, so that's why yesterday's election results only pushed it to over $76,000, because it still needs some time to rise further.
Nowadays, there is a rotation effect of capital, if the coins you hold have not risen for the time being, be patient and hold them, don't rashly switch positions to chase high prices. Just hold the spot coins you are optimistic about.
All I want to tell my friends is that the good days are really coming, and everyone needs to seize the opportunity. I hope this bull market will allow everyone to safely cash out with full pockets.
Finally, let me summarize a few directions for altcoins:
1: Ethereum L2 and DeFi synergistic rebound.
2: Bitcoin ecosystem concept tokens reactivated.
3: MEME tokens combined with AI concepts.
4: Real-world asset (RWA) tokens will emerge as leaders.
5: New narrative concepts will appear in the market.
These directions are still relatively cheap tokens. Find the leaders and second-tier tokens to deploy. For short-term trading, MEME sector is preferred, and for long-term, Bitcoin ecosystem concepts and L2 are basically safe bets.
