Do you want to seize the entire bull market or the short-term trend?
If you want to seize the entire bull market, then don't worry about gains and losses all day long because it fell in one hour and then rose again, thinking that I should have just sold it and bought it back now, making a little more profit. Living in pain and entanglement, if you want to be short-term, then look at it through technology. If the market stops falling and enters the market, if the market shows a reversal signal, leave the market decisively and take advantage of your gains, even if it is a few points at a time. Don't end up envious of the big gains you got in the long term just because you chose the short term.
The current situation is that the BTC is strong but the copycats are weak, which can be seen from the market capitalization ratio:
Therefore, there will be two situations next:
First: If BTC continues to rise or trades sideways, copycats will follow suit weakly. If BTC stops rising, copycats will break out.
Second: If BTC corrects and adjusts, copycats will follow suit! That is to say, the entire bull market is starting now, so don’t be afraid of being trapped. In this case, if you have a short position, my approach is to take the initiative to seek cover and do copycats in batches. There will be times when copycats break out throughout the cycle. As long as you believe that what you are buying is a value currency. Just don’t change positions at will!
Although the copycat market will be late, it will eventually come!
After looking around, I feel that everyone is panicked by copycats. I think this is normal and not something I have never experienced before!
1. The BTC will rise by itself. When it rises happily, it will jump up and down and rest for a while.
2. Ethereum and other public chains made up for the increase, and finally hot and high-quality copycats began to explode.
Familiar taste, familiar formula, but it can conquer retail investors every time!
Because when prices fall, retail investors only have three seconds of memory!
Let’s take a look at the monthly chart of ETH/BTC:
(1) in the picture is the position from November to December 2017. After December, we all know that Altcoin started a magnificent market!
In the picture (2), in June 2022, Shanghai upgraded its narrative, and related high-quality copycats, such as LDO and OP, started a wave of market prices along with Ethereum!
In the picture (3), now that the BTC continues to suck blood to near a record high, what will happen to the copycat next? I think everyone has the answer!
What (1) (2) (3) all have in common is that they fell to the super support line in the picture. Therefore, if you hold Ethereum on spot, what are the copycats afraid of? We have so much time and can’t afford it, just wait!
Today’s secondary observation:
Bitcoin continues to rise, and sector currencies and sentiment have begun to go numb.
W-will be launched on bybit on March 20th
PENDLE-Amber Group+$USDe
JUP-LFG vote
ACH-Binance Pay is online
BNX-IGO is online
TON-telegram advertising share
PORTAL-Open staking
W, the cross-chain communication leader Wormhole will be officially launched on Bybit on March 20.
PENDLE, tweeted to announce cooperation with Ethena_Labs and support for synthetic USD USDe, and also announced cooperation with Bedrock_defix Ambergroup_io.
JUP, tweeted to announce that Jupiter LFG voting will begin next week. In addition to the airdrop and launch pool mechanism, LFG also pioneered a launchboard process in which the community plays a leading role in jointly discussing, reviewing, voting, and performing post-launch analysis.
ACH, Binance Pay announced the integration of Alchemy Pay’s token ACH, allowing users to easily make payments and fund transfers through ACH, and allowing users to use ACH for daily shopping at online and offline merchants accepted by Binance Pay.
BNX and BinaryX announced that they will open IGO at 21:00 on March 1st.
Many of the previously recommended products have already experienced good gains. Catching up with the recent market situation, there are basically no losses, and the growth of spot prices is much more stable than that of Heyue in the short term!
The most eye-catching performance is of course celo. The recommended price is 0.78u, the highest is 1.22u, and the increase is 56.3%. It can be said that celo’s performance in recent days has been relatively good. At that time, there was room for supplementary growth after observation. I decisively recommended that the current profit margin is more than half!
The second one is ankr. The recommended price is 0.028u, the highest is 0.039u, and the increase is 41%. It is basically recommended at the bottom of this wave of rise. The subsequent performance of ankr did not disappoint me, and it has been growing steadily!
The recommended price of the third rdnt is 0.308u, the highest is 0.39u, and the increase is 27.1%. The rdnt has been recommended several times before, and it started to ambush before it was listed on Binance. It doubled directly in 2 days, which is also a deep impression on me. One of the currencies that has been following up!
GameFi market picks up, active players surge
The blockchain game industry ushered in explosive growth in January this year. The average number of active users of the Web3 game industry in January this year surged 54.67% compared with the annual average in 2023. Among them, the average number of active users in January was higher than last year. An increase of 14.42% in December; at the same time, the total number of blockchain games grew from 2081 in January 2023 to 2877 in January 2024, which shows that the number of active users of blockchain games has increased significantly, and Web3 games The market is expanding at an accelerated pace.
With the recovery of the encryption market and the continuous improvement of industry infrastructure, more innovative projects will emerge, promoting the emergence of more high-quality projects in the game field, thereby driving the explosive growth of the entire GameFi field, and the blockchain game investment and financing market Activity and diversification have injected new vitality into the chain gaming field, breaking the previous monopoly of a few institutions.
As for the overall currency price of the chain gaming sector, it has slightly slowed down with the broader market and is in the early stages of rising. Among them, the old GameFi tokens, led by Ronin (RON) and SLP, have increased by around 30% in the past 30 days. As the saying goes, "speculate on the new, not the old." Binance has recently launched a large number of new coins in the chain gaming field. This is also true. at this point.
Finally, there are still many things that have not been written in, such as specific opportunities and specific decisions. These things often cannot be summarized in one article.
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