In the final hundred days, the new narrative of the linkage between the US stock market and the crypto market's rise will become the main driving force for the upcoming altcoin season!
Last week's review post had over 500,000 views, which seems to have helped everyone. This week, there will be more content in the article, so please be patient and take a look. Sister Bei's actual trading account, according to last week's plan, reduced the position of PEPE and SOL by 10% at highs, currently holding about 70% of the position. With an additional withdrawal of 10,000 USDT, the total market value is 2.3 million, with an unrealized profit of 670,000 and a return rate of 41%. In another account, 20% of RAY was also reduced at 3 USDT. These three coins are just following the trend in this wave of altcoin surge and have not shown explosive market conditions, particularly for PEPE and SOL, which are expected to have a breakout and catch-up next week!
RAY is not performing well. The project party recently spent 190 million USD to buy back 25% of the circulating tokens, which is generally a good sign, but the coin price hasn't risen significantly. Yesterday, it even plummeted to 2.54, like a big stone thrown into the ocean, causing no waves. The narrative for RAY has been overshadowed by the hype around BONK and PUMP, making it no longer a market focus. Strong assets are bought over weak ones, so I don't intend to allocate heavily in the future, but I will buy some at lows. Currently, the remaining position is also 30% of the base, with a relatively low cost, I plan to hold it long-term.
Sister Bei still has 30% of her position and plans to allocate to SUI. SUI is one of the earlier leading coins, already approaching the previous high of 4.3 in the first wave of rebounds. Although it has currently begun a four-hour and daily level adjustment, Sister Bei believes its three-wave rise has not yet finished, and there will be another wave of peak action, which will inevitably break through the previous high of 4.3. The three-wave rise will complete before adjusting back to the support level of 4.3, so looking bullish to the previous high of 5.3 is not a wishful thinking. The short-term buying points are at Fibonacci 0.618 level of 3.55 and around the middle track of the Bollinger Bands daily at 3.3, which are strong support levels.
The situation of SOL and PEPE is actually similar to SUI, with slightly weaker trends. The three-wave peak has not yet finished, and for SOL, we are looking at 195 and 220, while for PEPE, the targets are 1700 and 2000. Because they are relatively passive in following the trend, whether they can break out depends on Bitcoin and Ethereum not experiencing significant drops and adjustments, or they will be interrupted midway. I have allocated both coins at low positions, so in the short term, I will mainly sell at highs to do some trading and will replenish positions at better opportunities at lower levels. Sister Bei still holds a small amount of BTC, BNB, and ADA, and plans to clear them at 125,000, 800, and 1.3 respectively, to concentrate funds.
In the short term, everyone is still relatively fearful of heights, not daring to enter with large positions due to missing the opportunity, but there is no need to worry too much. The overall market situation is still quite good, especially since the leading Ethereum has not shown any signs of topping out yet. At most, it will just transition from a rapid rise to a fluctuating slow rise, and there have been no signs of significant drops. Different sectors are rising daily, funds are still present, and the three-wave rise will continue. The only negative sign is that the US stock micro-strategy SBET, which allocates to Ethereum, dropped by 30% after peaking at 40 on Friday, but it hasn’t had much impact on Ethereum.
Sister Bei said in last week's review post that the main reason for this wave of three waves of rising market is the US stock market, so this motivation will continue to exert influence. This week's surge is also due to three major supportive policies for the cryptocurrency market from the US being successfully implemented, which is a long-term positive for the crypto market. The US stocks allocating to crypto assets have also seen a short-term adjustment, and when good news is exhausted, it becomes bad news. Therefore, the focus next week is still to observe the situation in the US stock market, after all, the NASDAQ and S&P 500 are still continuously reaching new highs with no mid-term bearish reasons. Traditional capital entering the market and the cryptocurrency market achieving a win-win situation, aside from ETFs, strategies like Ethereum micro-strategy, BNB micro-strategy, TRX micro-strategy, etc., will form a new narrative for the spiraling rise of altcoins as the main driving force for the upcoming altcoin season!
For Sister Bei, the altcoin season in the crypto market has entered a countdown phase in these last hundred days. The wealth effect during this period will be strong, and friends who follow Sister Bei to allocate at lows should have gained a lot. Looking back to November 2022, Sister Bei's private equity preparation was completed, hiding at historical lows. This process has been full of ups and downs, sweet and bitter, joy and sorrow, and in a blink of an eye, three years have passed. Although it has always been profitable, multiple retracements and pitfalls have been endured, surviving the darkness to welcome the dawn, relying on faith in the crypto market to stick to now. This small success is not as simple as everyone imagines.
These three years have been like preparing for the college entrance examination for Sister Bei, and now we have finally reached the final sprint. The results will soon be revealed. From entering the market with Bitcoin at 18,000 in January 2023, with an average cost of 33,000, to today, it is fulfilling to see that 120,000 Bitcoin has been sold. The final major altcoin season is the most thrilling and challenging part of the tail end, and referring to the historical trend from 2021, mainstream altcoins will inevitably undergo another sharp correction, but the timing of its arrival is uncertain. The adjustments from January to April this year have already made everyone feel that despair, even believing that the bull market has ended.
However, during this dark period, Sister Bei still firmly believes in her judgment, adjusting the strategy to achieve the current results. Long-time fans also know that the 2.3 million in this actual trading account is all net profit. Moving forward, Sister Bei will continue to accompany everyone to walk steadily, accumulating small victories for a larger triumph, striving to achieve the final victory before the National Day holiday, to reward the shareholders of the private equity fund and her followers. I also hope Sister Bei can fulfill the wish she made three years ago on National Day at Tiananmen Square. Everyone, wish me good luck!
$PEPE $ETH $SOL #加密立法新纪元 #GENIUS稳定币法案 #币安HODLer空投C #山寨币突破 #ETH突破3600
