Btc has currently broken through the daily downtrend channel for the past six months. Why can Bitcoin's increase outpace altcoins by several streets?
Actually, there’s no need to rush! Everything is still progressing as expected. October marks the starting point of the bull market, with daily increases, occasional surges followed by pullbacks. The first wave of momentum should push it up to around $100,000 by the end of the year.
The current market trend is as follows: first, the main force will pull up BTC, initiating a new round of major upward momentum! Once Bitcoin stops rising, Ethereum will take over, and altcoins will start to dance wildly.
Previously, I recommended some strong coins, and they have been performing very well recently! Hold on patiently and observe the flow of funds to strategically position different coins in various sectors. When sectors rotate, preemptively position yourself to maximize profits!
The October market has finally kicked off
Conclusion: We need to set aside personal biases and seize this round of Meme opportunities, or we might miss out on wealth. This bull market is initially led by fan tokens, with coins like OG, CHZ, and Santos rising for several consecutive days, boosting market sentiment. Subsequently, meme coins took over, with BOME, Turbo, Meme, People, and others charging forward, leading the market into a FOMO phase.
At the same time, the blockchain gaming sector is also stirring, with coins like Pixel, Portal, and Not preparing to make a move. The coins we are watching, such as Turbo, BOME, and MYRO, have already taken off, and more coins are expected to follow. The key is to first position in new coins before considering old ones; currently, 90% of the upward movement is concentrated in new coins, and the market has just begun. It is expected that the market will shake off some participants through volatility, and November will welcome a crazy bull market.
For the upcoming operations in the Meme sector, the following judgments can be made: Bome, Meme, and Banana have seen significant increases and are suitable for gradual exit.
Turbo, Mew, Babadoge, and Neiro are experiencing periodic surges and are at relatively high levels, so it’s appropriate to reduce positions; Bonk and Dogs have seen smaller increases, and while the original plan was to wait for a pullback to buy, they can be prioritized in the bull market.
Pepe, Floki, and Doge, as leading coins, are maintaining stable increases, so continue to hold.
Let’s talk about why everyone is currently enthusiastic about MEME? The main reasons are as follows:
This round of the bull market has been dominated by Meme, with funds migrating from Solana to Sui, and then to Ethereum, creating a wealth effect through on-chain migration.
Last year, Ordi and Sats in the Bitcoin ecosystem were essentially also Memes.
The last bull market saw Memes offloading towards the end, while this round has been about wealth creation from start to finish, which is the biggest difference between the two.
Aside from ETFs and Memes, funds are only concentrated in niche sectors like AI and RWA, with many altcoins still at bear market prices.
The issuance of Meme assets drives market prosperity and leads the narrative of the bull market.
The risks of Meme are proportional to the high returns. In this bull market, I will fight alongside everyone to the end, firmly bullish!
How the market will move, I don’t know, but I know what to do:
1- Hold onto low-priced chips; making profits to resist drawdowns is essential. Be prepared for a long haul; I don’t know if the bull is here, but I know there’s a possibility;
2- Don’t operate frequently; what were you doing earlier? Now is the time to open positions;
3- Here, it’s crucial to maintain good emotions, mindset, and mental state. If you get caught up in a state of euphoria due to operational mistakes, and if the bull market really comes, you’ll be in trouble. The worst situation is making more mistakes as you go, leading to losses during the main upward wave of the bull market, completely breaking your mindset.
The article is time-sensitive and for reference only; it will be updated in real-time.
Focusing on K-line technical research, sharing global investment opportunities. Public account: Crypto悟饭
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