Currently, I can't say for sure what Bitcoin's trend will be, but I personally lean towards a pullback. For altcoins, there are clearly second buying opportunities. Tonight is crucial; let's see if Bitcoin can entice more buyers—if it doesn't, it won't drop much. Many altcoins have already released huge volumes, and the bottom support is clear. If there's support, we can start to position with small amounts. Betting on Bitcoin short isn't as good as betting on altcoin rebounds, which offer greater profits. Just look around; most altcoins are in the bottom region. Altcoins might correct in the short term, but as soon as Bitcoin stops falling, altcoins have a chance to shoot up.
Additionally, there are quite a few Bitcoin shorts right now, and with future safe-haven attributes potentially aligning with gold, those holding shorts should be cautious: if Bitcoin entices buyers tonight and then drops, it's time to take some profits on shorts; if it doesn't drop tonight, we should consider a pullback to go long on altcoins. Personally, I lean towards a quick pull-up to entice buyers tonight, followed by a drop, shaking until the U.S. stock market closes, and then the real decline begins. Altcoins are still in the accumulation phase; the main upward trend is still early, but opportunities are slowly appearing. As long as there is a drop, we should be bold in buying.
Bitcoin 100k is a psychological threshold!! The explosion of altcoins will also happen at 100k!
Bitcoin 100k is a psychological threshold. At least that's the answer I've gathered from the VCs around me. They believe that after 100k, its attributes are closer to gold. I think the explosion of altcoins will also happen after 100k. The breakthrough of this psychological barrier will definitely bring in FOMO funds, and the same goes for market makers, who will look for good depth for easier liquidity exits in the future.
Why did the altcoin frenzy occur in March and November 2024? Because Bitcoin broke through the historical high and also surpassed people's psychological barrier from the past two years, leading to a flourishing market. In contrast, this year's liquidity and the outflow of funds from altcoins are not much different from a deep bear market. Thus, the market not only needs to release liquidity but also needs to break through literal thresholds to inject confidence into the market, which is more precious than gold.
With the bull market opening, I expect this round of market activity to last for 4 months, and the main characters will be altcoins!
In the second half of the bull market, those institutions on Wall Street will turn to operate ETH as the main line for the market, thereby driving altcoins to rise significantly (after all, it has enough space). They will ultimately cut off the last knife to the retail investors who recently exchanged various altcoins at the bottom for Bitcoin to save themselves. I think this possibility is very high. More importantly, the policy landscape is also quietly changing: in the past, global governments held a conservative attitude towards blockchain, such as China’s ban, the EU’s MiCA framework, and the previous SEC chairman's strict regulation; however, the new SEC chairman's rise may become an important signal for a reversal in regulatory direction.
In the future, more tokens may be listed through U.S. stock ETFs, coupled with global fiat currency inflation and liquidity release, which is expected to push the market to new heights. Of course, the large-scale listing of ETFs is also a double-edged sword: a capital-driven bubble could burst like the internet bubble of 2000, but it may also create a new order after the bubble.
The AI sector is definitely one of the main lines of speculation in this bull market!
VIRTUAL, when I first recommended it, was at 0.54, and now it's at 1.24; in half a month, it has doubled, yielding 120%. You can see that currently, the most rebounding market is still the AI sector's tokens. Pick a few that you believe in the most and focus on increasing your positions, preferably prioritizing those leading projects. For example, Virtual has reached a new high again. As for the others, consider $AIXBT or AI16Z, or $COOKIE; for those bold enough, try betting on TUT and ACT!
Right now, the heat in the AI field is akin to the explosion of the metaverse in 2021, with projects like sand, mana, axs, magic; I believe everyone remembers. Doubling in a day, fivefold in a week. If external funds are to flow into Web3 on a large scale, there must be a sufficiently large entry point.
And this time, without a doubt, it's the AI sector that has propped up this entry point. Of course, meme coins are good too, but in terms of storytelling ability, AI definitely has the advantage.
