Bitcoin Continues to Surge!

On November 6, Trump won the election, and Bitcoin broke through the previous high of 73,777, then surged past 75,000 and 76,000 within a day. On November 7, it continued to reach new highs, breaking through 77,000. On November 10, it set new records, soaring past 80,000 and 81,000, and today it directly jumped to 89,800.

It seems that breaking the 90,000 barrier today is not a problem!

In summary, just a few days after Trump took office, Bitcoin has continuously reached new highs, and the price is about to hit the 90,000 mark. This is the significance of Trump for cryptocurrency. Currently, this trend is quite consistent with our predictions from a few weeks ago.

You can look back at our previous articles, especially during the few days of continuous pullback starting from October 29, I mentioned almost every day that as long as Trump wins, Bitcoin will instantly remove all debuffs and surge to 80,000.

Now it seems that the market's reaction is stronger than my predictions, and this surge past 80,000 surprisingly happened over the weekend. It appears that retail investors can no longer hold back. Generally, institutions tend to rest on weekends, so the market has historically been weak during this time. Occasional surges or crashes have been weak, and the market usually adjusts to last Friday's closing price before the U.S. stock market opens.

If Trump officially takes office and issues a series of favorable policies after many bills are passed, then I would be cautious about how high it can rise. I even thought reaching around 85,000 dollars would be a good achievement, but I didn't expect it to happen so soon. The earlier it reaches this position, the more limitless the future development will be.

Can ETH Take the Baton?

As for ETH, many are questioning whether it can still perform?

In the past, I thought looking at ETH's data was useless (I still think so now), but now I believe the key for ETH lies in the new track, RWA and DePin must be the best. Of course, DePin is still a bit far from ETH, but RWA will have opportunities, and RWA is likely to be the weapon that triggers FOMO for ETH.

What it really means is: If ETH rises, the altcoin season will come. If ETH doesn't perform, the altcoin season will be difficult.

Is a Crazy Altcoin Bull Market on the Horizon?

Let's talk about the current market logic, the entire market revolves around BTC and DOGE:

BTC is accelerating due to the central bank and institutions frantically queuing to buy: The faster it accelerates, the more it stimulates these institutions to buy, and the more they buy, the more it stimulates the U.S. government to introduce legislation making Bitcoin a reserve currency. This is a positive spiral.

As for DOGE, it has been directly fueled by Musk after Trump's election: Not only are mainstream funds buying, but countless retail investors are also buying like crazy. At the same time, there are positive expectations for DOGE's future integration with X, and it will eventually rise, breaking the 1 dollar mark is just a matter of time.

The catalyst for the peak bull market has already been ignited, and Bitcoin's increase is already far ahead among mainstream coins. However, most investors in the market still hold a large number of altcoins, some of which are still in a loss state after buying at high points.

So the current stage of when altcoins can explode is a question of great concern for everyone:

Yesterday, the AI sector also exploded, with Wld Render leading the way. The DeFi sector is strong with Ena, Uni, Aave, etc. Currently, there hasn't been much capital flowing into the altcoin layer; the ones that are rising now are strong coins. Once Bitcoin rises further or consolidates, a wave of altcoins will come, but at that time, it's essential to take profits.

If ALT (altcoins) can still maintain significant increases, then the bull market has begun, and a broad rise will come. I believe ETH is the key; if ETH cannot continue to rise, then ALT will be even more difficult.

There is less and less information about the bull market, and the reason is simple: there is basically nothing to write about; just buy and hold is enough. Yesterday, the listing of act pnut on Binance drove the community crazy, and many who didn't have any started to feel anxious. In fact, there are plenty of opportunities in a bull market; as long as you seize one or two, you will win big.

That's all for this article. If you like it, please give a follow and a thumbs up~

In the crypto industry, if you want to seize the next wave of bull market opportunities, you need to have a quality circle, so everyone can band together for warmth and maintain insight. If you are alone, looking around and finding no one, it is actually very difficult to persist in this industry.

If you want to band together for warmth or have doubts, feel free to join us—WeChat Official Account: You Bi Zhi Qing Nian

Thank you for reading! If you liked it, please give a thumbs up and follow us. See you next time!

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。