The BTC monthly chart shows a very good upward trend, having already broken through previous highs and created new historical highs, and it is moving upwards gradually. Even if there is a subsequent pullback, as long as it doesn’t touch the yellow line, it means the upward trend continues at a secondary level. The daily chart is also doing well and moving upwards. Even if there is a subsequent pullback, as long as it doesn’t touch the yellow line, the upward trend continues at a secondary level. The smaller the level of the continued upward trend, the stronger the market situation! In the past two days, BlackRock has bought a total of 23,520 ETH, worth over 62 million USD. Although it can't compare to last night's CETUS hacker's purchase, it at least indicates that funds are slowly flowing into ETH now. The scale of the upcoming altcoin market depends heavily on ETH. Once Ethereum breaks a new high, altcoins will go completely crazy. I've only seen this kind of market in 2017 and 2020; the market situation back then was roughly similar to now, along with the concept of Bitcoin’s 'bloodsucking'. As time goes on, that concept slowly faded, and it basically follows Bitcoin's fluctuations. So now seeing Bitcoin 'sucking blood', with all coins lying still, doesn’t feel significant; just wait for it. I have a feeling that BNB is holding back something big; it’s not that it won’t explode, the time just isn’t right. Previously, just follow the big troops and keep a low profile.
During this period, even ETH, which has been criticized by many, has started to rally. As long as BTC stabilizes for a while without 'sucking blood', the altcoin party will begin. How could there not be an altcoin season? The gambling nature is there; behind every altcoin on Binance, there is a restless heart of a market maker!
Talk about the RWA track: I have long observed five: PLUME, RSR, $SYRUP, $USUAL, MKR.
The RWA sector has many tokens, making it hard to understand each one. The leading ONDO, just look at it; its market cap is too large for stable funds. Once the bull market arrives, it will rise.
I think SYRUP and USUAL have the greatest odds, mainly because they are newly listed coins, with a small market cap and not many trapped holders. I mentioned yesterday that I bought USUAL, and it has already risen today. SYRUP is similar. Currently, very few people dare to buy new coins on Binance, but that’s the biggest opportunity.
There are several reasons to be optimistic about these coins:
1. They have been listed on major platforms like Binance, which has ample liquidity and has screened projects, ensuring they are not just shell projects.
2. Their market cap is very low. Before this wave of rise, several were even below 500 million USD.
3. They are still continuously 'doing things'. It's also very simple to identify their continued efforts: check their official website, Twitter, and Telegram to see if they are still updating regularly. Look on GitHub to see if they are still updating their code. There's no need to deeply research how their code works or the market prospects of their products, because we are not large funds, we don’t need to be that professional, and we don’t have time and energy to understand that detailed.
Continuously doing things, small market cap, and being listed on major platforms, still a leading project in the same track, these few indicators are enough. The crypto market is a place where even meme coins can be hyped to hundreds of billions in market cap. These small-cap projects with application scenarios, who knows when the wind will come, can also be blown high.
This doesn’t mean they will definitely succeed; it’s just that from the perspective of risk and return, they are indeed worth being part of an asset portfolio as 'speculations'.
How do I choose coins when I want to buy altcoins?
Currently, there are signs that meme coins are retreating. Funds are starting to shift towards some older altcoins. But looking at the rise chart, have you noticed that the coins everyone used to know and got trapped in haven't increased? It looks lively with chaos, but it has little to do with our holdings.
So what exactly is rising, and what directions should we look at in the future? Here are a few points:
1. Meme coins will still become the main line in the second half after this adjustment. After the adjustment, some of the leading ones from this wave can be entered, especially those with strong consensus;
2. New coins and newly listed coins have relatively few trapped holders, and the chips are also relatively concentrated. Especially some VC coins that have been badly hit by FUD, the doge market maker will definitely pump them hard using good liquidity, of course, for their own exit;
3. Strong market maker coins, in other words, are many coins you haven't heard of or paid attention to, with fewer comments in various articles. If these coins can show relatively orderly K-lines, it's easy to see they're artificially manipulated. As long as such coins haven't risen yet, they can still be ambushed. What you think is an altcoin season may not be what the main force thinks. Those coins that were once popular and got trapped probably won’t have anyone saving you anymore. Switching might offer a bigger chance of winning.
