The recent price trend of Bitcoin has shown a certain regularity. After reaching $93,300, it experienced a wave of correction and is currently maintained at around $87,400 amid alternating long and short swings. Overall, the basic judgment of maintaining a bullish strategy during the day remains unchanged.
The current crypto market is polarized. Bitcoin's market panic and greed index has reached 80, which shows that market sentiment is still optimistic and investors generally expect BTC to continue to rise. Therefore, the pullback of Bitcoin and the recently popular Meme coin can be regarded as a healthy market adjustment.
However, the pullback in other altcoins has been less optimistic. For example, the ETH/BTC exchange rate hit a new low, indicating that Ethereum’s previous strong performance was more driven by Bitcoin’s surge. As BTC corrects, Ethereum’s pullback could be more significant. For ordinary investors, the current short-term market adjustment may continue.
It should be made clear that the bull market has just started, and the short-term correction is for a better rise. If there is no correction, it may be unfavorable to the future upward momentum. Therefore, this stage is particularly critical. Investors should cherish the chips in their hands and operate cautiously. It is not yet time to take profits. December is still a month worth looking forward to.
For retail investors, if they still have available funds, they might as well take advantage of the opportunity of a deep market correction to gradually increase their positions and make reasonable arrangements to prepare for the next wave of market conditions.
Continue to analyze the market and cottage trends:
Bitcoin broke through $93,000, Meme tokens hit new highs, while altcoins fell into a mess, which is a true reflection of the current market. Big funds are keen on Bitcoin, while retail investors and market makers focus on the Meme sector.
Although the Meme sector has experienced a wave of pullbacks along with Bitcoin, it is still strong overall. For the current market, the pullback is not the end of the market, but a good opportunity to get on board. The bull market is still ongoing.
As the price of Bitcoin continues to break through, many institutions that missed the opportunity and retail investors who could not afford Bitcoin have turned their attention to the Meme sector. In this round of bull market, a unified way of playing has appeared for the first time, that is, to go all out to attack Meme. Today's community is full of various smart contract addresses and niche tokens, and the market atmosphere is reminiscent of the craziest DeFi Summer in 2020 - at that time, many people "got on board first and then studied", because if you think too long, you may miss the opportunity.
The current Meme market is also full of similar characteristics. As long as the token has enough traffic and narrative logic, and the market value is less than 20 million US dollars, the probability of profit from mindless rush is quite considerable. Moreover, the Meme market can already meet the needs of different wealth classes:
Big funds: prefer Doge, Pepe, Wif, Pnut and other mainstream meme projects that have been certified by large exchanges.
Small funds: can dig deeper into the chain, find potential stocks, and seize more opportunities.
Even during the Bitcoin pullback last night, the Meme sector still performed well, while the altcoins suffered another heavy blow, with many prices returning to their starting point. However, it is foreseeable that when the Meme market comes to an end, funds will flow to those high-quality altcoins that are truly valuable, ushering in the next round of market.
Later, everyone will see the magical scene of BTC going sideways and altcoins rising:
Let’s first analyze the market conditions from December to February 21, which is our current market conditions until February next year:
At the end of December 2021, the market entered a round of shock adjustment, which gradually ended in February of the following year. It was thought that when the market fluctuated or fell, the altcoins should follow suit and fall sharply, but this is not the case.
At that time, Bitcoin had already experienced a significant increase, while the sentiment in the altcoin market had just begun to become active. As Bitcoin's market capitalization climbed to its peak and then gradually fell back, funds began to flow into altcoins, officially kicking off the altcoin season. As a result, high-quality altcoins such as BNB and SOL gradually rose and entered the upward channel.
At this stage, it is obviously unwise to choose to take profits or reduce positions in altcoins. Because these altcoins have not yet seen a real increase, it is far from the time to talk about taking profits or reducing positions. Instead, you should hold on patiently and wait for altcoins to take over the overall market and usher in a new round of rising cycle.
So in my opinion, we can continue to ambush those high-quality altcoins that have not yet risen. For those altcoins that have skyrocketed several times or even several times, at least we should recover the principal first. If the altcoins we hold are those with a relatively stable trend, we can also consider selling them all and then switching to those altcoins that have not risen much.
There may be a rate cut in December, and Trump will be officially inaugurated on January 20 next year. During this period, the market will most likely pull up again. After January next year until the end of the quarter, the market is basically in a state of high volatility. From October to November, it will be the end of this round of bull market. By 2026, the market will enter the next round of bear market. In fact, it is quite simple to get rich, as long as you can accurately step on the market rhythm and enter and exit the market in time.
