With market fluctuations, what should we do next?
Let's first discuss Bitcoin's trend:
I have mentioned before that Bitcoin formed a 'Doji Star' pattern at high levels — a common adjustment signal on the technical front, meaning the market may enter a consolidation or correction phase. Looking back now, it indeed seems to be weakening, especially this week's K-line, which doesn't look good, and the possibility of adjustment is increasing.
From a technical perspective, Bitcoin's current trend is actually quite 'standard', with corrections basically hitting key trend lines. If this pace continues, there is a high probability it will go down a bit more, and it might even briefly break below the $100,000 mark. If it really breaks, it could trigger a wave of panic selling.
At the same time, Ethereum is also worth noting. If Bitcoin drops by 6% to 7%, Ethereum may drop even more, exceeding 10% is not impossible, and there’s even a chance it could temporarily break the $2000 support level. At that time, the main force may take the opportunity to wash the plate, collecting the panic chips from retail investors.
But overall, this kind of adjustment is not a bad thing; rather, it is a necessary part of a healthy rise. As long as Bitcoin holds above $100,000, those altcoins still have room to perform. In terms of operation, maintaining a steady mindset is the most important thing, don't chase highs, grasp the rhythm. Opportunities will definitely come; it just depends on whether you can wait.
As I mentioned before, after such a large rise from the bottom, it’s unrealistic for the market not to see a 10% to 15% correction. This is the stage for reallocation of chips, not suitable for blindly increasing positions. If you are currently flat, you can wait for the correction to be about right and enter in batches; if you already have positions, don’t rush to add, just observe, and wait for it to stabilize.
In summary: Don't let short-term fluctuations disrupt your rhythm; real opportunities often come from declines, not from rises.
Let me share some news: a big player has heavily bet near the Ethereum price of 2570, opening a 25x short position with an investment of about $3.88 million. Currently, the position is slightly profitable. Do you think this big player can make money today or face liquidation? I hope to see him get liquidated!
$GASS cat has hit a new high again, and the memecoin on Ethereum is about to enter a cat-and-mouse battle!
This wave of $GASS surge is largely because it is the first token from Matt Furie's new comic IP to go live on GATE exchange.
Previously, in the low market cap range, it was cleaned very thoroughly, rising from a market cap of 400,000 to 5 million in just two days, directly achieving a 10x.
Although the name RATO is controversial, GasspasCat is completely fine; whoever rushes out first is the leader.
If it can break through and stabilize at a market cap of 5 million, reaching ten million is very possible, and it may become a tough character on par with $RATO.
Currently, both Bitcoin and Ethereum are still gathering strength. As long as ETH continues to rise, the meme heat on-chain won't diminish, and the cat-and-mouse battle between the two IP protagonists will also begin.
A skirt friend said I'm a diamond hand, but actually, I'm just lucky and guessed a few coins right.
This luck is actually summed up from my previous losses, which is why I have always advised everyone to do a review.
Whether you're a newbie or a veteran playing memes, most of the time you're losing. The dog masters have countless ways to cut the leeks. The clearer the PVP, the easier it is for dog masters to cut. Faithful holdings only exist in those highly decentralized token communities.
Looking at $PEPE, $SHIB, $DOGE, these historical-level memes, communities with faith share common points:
1, no eternal stronghold; with the increase in consensus, each breakthrough at every stage will be accompanied by large funds rotating, and only PVP between dog masters exists; retail investors are merely the ones sipping soup.
2, phase PVP, the biggest difference from the PVP where retail investors directly participate when the SOL chain came up is that it only exists within a market cap range, with very obvious upper and lower limits. Once the market cap breaks through, PVP will restart, and it won’t keep going indefinitely.
3, having an independent narrative without relying on any external events for support; simply put, it does not depend on hot events or people to form initial consensus; the project itself is the narrative hotspot.
4, no fast track; every market cap range will undergo reshuffling, washing away speculative investors who lack firm faith, while giving new retail investors enough time to enter.
5, official Twitter operates frequently and has a clear theme. The views and number of followers will not surge in the short term but will slowly increase under sustained operation.
6, the number of faithful holders is steadily increasing; during the community's development, PVP players will transform into faithful holders, no longer obsessed with short-term gains.
When you play memes for long enough, you'll feel something special when encountering projects like this, just like when I built my position in $RATO; it felt a bit mystical, observed for two days, and no matter what you were doing, a voice in your head always told you 'not buying is foolish.'
I advise my brothers, don't rush; no one can always be a diamond hand. Being able to seize one or two faith opportunities is already a chosen one; these opportunities come from long-term losses and experiences.
Instead of struggling internally, it’s better to take a leap!
Unless you leave the table, as long as you're still at the table, you need to learn from your lessons and summarize your experiences!
Let's talk about the People coin:
People was launched in November 2021, just as Bitcoin broke its historical high and the bull market was about to end. Therefore, it didn't explode much when it first launched. It has already risen once in this bull market; is there a possibility for another wave? I think there is.
The total supply of People is 5.06 billion, and its current market cap is 128 million, with a circulation rate of 100%.
As a relatively popular coin in the meme sector, People has always attracted a lot of attention. The overall heat of the meme track is still there, and People has actually risen about twice recently. In a bull market, it still has upward potential.
From the perspective of coin prices, looking at the monthly level, it currently just happens to be stuck at the last rebound high point before the last bull market ended, a position that has already been tested twice without breaking through. But once it breaks 0.03 and stabilizes, there won't be much selling pressure above in the short term.
I think the possibility of a second explosion is quite high, but don't expect it to rise ten or twenty times like last time. Overall, a 3-5x space seems reasonable.
AAVE surged 20% in a single day, topping the rise list, indicating that the bull market is indeed here.
I have previously mentioned that the most essential sectors in a bull market are lending, staking, and cross-chain.
Why? Because everyone is reluctant to sell their coins, they will choose to stake and borrow stablecoins to do other things.
Staking itself will bring significant profits to public chains; the more intense the bull market, the more staking occurs.
Once major public chains heat up, cross-chain demand becomes a necessity.
So when I said I could bottom fish AAVE earlier, the logic was sound. The borrowing demand in a bull market is rigid, and AAVE basically monopolizes the market, with the stronghold also having the strength to control the market.
The AAVE in the lending sector has already started, and if you missed it, you can check $MKR.
The Virtuals point system is about to undergo a significant change; sharing the currently tested optimal exit strategy.
Strategy One: Accumulate points, then go All In on a quality project.
1) First, accumulate a certain amount of points; it’s best to have a base of tens of thousands of points.
2) Pay attention to projects with good narratives and heat — generally, projects that can break out are not bad, such as the $BIZ (third place in Virtuals hackathon) launching tomorrow, or $CAP (initiated by Base developers, highly recognized overseas) launching the day after tomorrow.
3) After determining the target, decisively go All In, sell immediately after obtaining the tokens, and don't worry about diamond hand penalties. After the tokens are unlocked, continue with this process.
Strategy Two: Spread the net wide, participate in each one, and run when you catch a big fish.
1) Participate in every project daily, prioritizing those with high heat.
2) If the opening yield is good, such as over a thousand U, sell directly without hesitation.
3) No need to worry about diamond hands penalties, after the 7-day cooling period, continue operations. Diamond hand points may seem tempting, but long-term returns are negative. Don't be fooled by unrealized gains; real profit is what counts.
To hold diamond hand points long-term, many project returns have severely shrunk, for example:
$RWAI: 14x → 5x
$WHIM: 37x → 9x
$GPTWAI: 14x → 2.5x
$ROAST: 45x → 13x
$XLLM2: 10x → 3x
Not everyone has the time and ability to deeply research projects, but as long as there is a clear and executable strategy, you can still outperform the majority.
PROMPT is really lucky; I made a short-term profit right before the flight, hitting the lowest point.
As a result, when it surged to the highest point, I was playing games and missed the opportunity to profit, losing half of my potential profit.
Playing altcoins, if luck is on my side, is really much more exciting than Bitcoin. For the first order, I only entered half the position, with a stop-loss set at 0.244. Later, feeling the position was too light, I doubled down with a second order, setting a stop-loss at 0.255. Even if the second order was stopped out, I could still hold on.
Due to the position being hit, I saw the chart spike up, so I exited first; earning something is better than nothing. The more standard practice would be to first close half, then set the remaining to break-even stop-loss and watch, but I had an overall bearish mindset, and this time long was just speculation; let’s see if there are opportunities to buy back later.
