Recently, Bitcoin has been incredibly strong, directly soaring to a historical high, just over $100 away from the target, much stronger than everyone's expectations. After this breakthrough, there has been no pullback, and opportunities to buy are nearly gone. Looking at the ETF, there was a net inflow of $227 million yesterday, with inflows exceeding $2 billion in the past half month. Coupled with the FOMO sentiment in the market, this has created Bitcoin's own bull market.
Currently, Bitcoin is fluctuating around $72,000. If it stabilizes at this position, it is very likely to refresh its historical high. Pay attention to the area between $71,500 and $72,000 below, with the upper target being $74,000 to $76,000.
Meanwhile, Ethereum is still hovering around $2,600, and the gap with Bitcoin is getting larger. The ETH/BTC exchange rate has been lagging, showing weaker performance. If it rebounds above 0.038, Ethereum could rise to around $2,800. Now just waiting for it to catch up.
Apart from Bitcoin and Ethereum, other altcoins are performing quite poorly and haven't really followed the trend, mainly due to poor liquidity. In contrast, some meme coins without practical applications are thriving, showing active performance both on-chain and post-listing.
For holders of spot positions, long-term holding in the current market environment may not be suitable. The market rhythm is fast, and long-term holding returns are not as good as short-term trading profits. Therefore, I have gradually cleared a lot of spot positions. Recently, aside from a few coins that are stuck, the newly freed positions can be used for trading, and I will consider heavy investment when suitable meme coins appear.
In this wave of market, the most outstanding performers are still the leaders in various segmented fields, such as:
AI Meme: Goat
Supported by Musk: Doge
Benefiting Trump: Maga
Cult concept: Spx (Harry Potter theme)
Combining Sotheby's with art: Ban
In addition, various meme coins like cats, dogs, frogs, etc., have rebounded by an average of about 20%. Most altcoins are just following the trend, with relatively low trading volumes, only these segmented leaders are clearly stronger than the overall market.
Create a password benefit group! (Recently planning to look for some low market cap coins with news to ambush, to help everyone recover losses. The current market is about to enter altcoin season, helping everyone grasp the opportunity for doubling altcoins! The next password will be announced in the benefit group!!) ➕ YY-BHGG
