Stand firm at 69,000 and sprint towards 70,000! Bitcoin steadily climbs the stairs, altcoins begin to perform one after another
Bitcoin continued to fluctuate above $68,000 over the recently concluded weekend, and after gaining momentum again at six o'clock this morning (21st), it broke through the 69,000 mark, reaching a high of $69,401 before this article was written, just a step away from the brief breakthrough of $70,000 at the end of July.
Recently, the explosion of cryptocurrencies has been more intense each time, and many believe: this feels a bit like a bull market.
October has clearly become dominated by the bulls, especially with the U.S. elections approaching and global wars escalating, all of which present a "big opportunity" for safe-haven assets.
As an old player in the crypto space, I have been emphasizing since August 5th that one should never give up the chips in hand.
2024 looks like it will be tough and torturous, but don't forget that the crypto space is a place for creating myths; especially when fear is high, it will only lead to even greater market movements.
At this point, there’s not much to share with everyone; everything is already destined. If you want to seize the last opportunity to get on board, you must follow professionals and avoid buying coins blindly.
After October, the only tests are patience and confidence
As long as you buy the right coins, when the big trend comes, even pigs will fly.
Wishing everyone success in mining wealth during the fourth wave of the crypto market.
Several major trends continue to look bullish:
1- Institutions have been continuously buying BTC and will keep buying until its market cap exceeds that of gold.
2- Meme coins will become the most vigorous track after BTC's main upward wave.
Regardless of whether popular on-chain memes are listed on major exchanges, at least five current meme coins with only a few hundred million dollars are set to hit $10 billion, needing only to be on-chain. This means a 10-20x potential—because funds surge during a bull market.
3- Leading coins + heavy positions yield the maximum returns.
4- AI + Meme, the success of Goat has led to a new narrative for memes that differs from the past reliance on real animal IPs, through AI-generated content and interaction. Since AI is the foreseeable technological innovation mainline for the next 20 years, AI-related memes will be a long-term hot sector in the crypto space, so everyone must keep an eye on it!
Future Outlook: Dispel the fear of heights, the market is coming strong
Now, many friends see Bitcoin rise from $59,000 to $69,000 and start to feel a bit of "fear of heights," thinking the price has risen too much. I must remind everyone to dispel this fear of heights! If you choose to exit now, you will definitely regret it in the future!
The biggest enemy in a bull market is not the market itself, but the "fear of heights" mentality.
In a bull market, the biggest mistake retail investors often make is not chasing the rise, but fearing heights, always thinking "this time it will definitely drop," and as a result, they fail to hold on when they should. Worse still, some people think about shorting at high positions, which confuses them, and after going back and forth, they ultimately lose their principal.
Remember, the real winning strategy in a bull market is to hold your positions firmly. When a major market movement is about to hit, grip tightly onto your Bitcoin and enjoy the dividends of the next strong rise.
This 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
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
