​​Bitcoin has risen a lot in the past period of time. Some altcoins, such as inscriptions and memes, have increased by thousands of times. Many friends, including me, may have missed the increase of inscriptions and memes. So is there still a chance in the market? Bitcoin has recently fallen after the ETF was passed. Is it still possible to buy coins now? What coins are suitable to buy?
 

 

The first question is, where is the current market situation and how long will the bull market last?

It takes about 1,000 to 1,100 days for Bitcoin to go from the bottom to the top. Currently, Bitcoin has been 470 days away from the bottom of 16,000, which means that the first half of the bull market is just coming to an end, and the second half has not yet begun. It is not too late to enter the market now.

However, looking back at history, we find that even in a bull market, Bitcoin still has a 30%+ retracement. Considering that I think 48,800 is the top, the low point of this retracement is estimated to be between 32,000 and 35,000. For details, please refer to

Has Bitcoin peaked? When can it be shipped? Can the currency market still rise?
 

The second question is, if you miss the meme and inscription, can you still buy the altcoin?

I bought ordi and other inscriptions that were popular some time ago. I ran away after it tripled, and basically missed the big surge. So after so much increase, is there still a chance? My conclusion is that altcoins have just started. Here are a few indicators for you:

1. ETH's market capitalization has just broken through the blue 200-day average, which is a bullish signal. Ethereum is a barometer of altcoins;

2. The index of altcoins, if it is below 25, Bitcoin is strong, and the performance of Bitcoin in the past period of time is obvious to all. If it is above 75, altcoins are strong, and this index has just reached 76, the altcoin season has just begun.

3. Excluding Bitcoin and Ethereum, the total market value of altcoins has just broken through the resistance level of the gray rectangle. There is still a lot of room above. The reasonable buying point is when the total market value of altcoins falls near the gray rectangle.

4. The Gaussian channel of the total market value of altcoins shows that there have only been two times in history when red turned green, and both of them ushered in a surge. This is the third time that it has turned from red to green.

The third question is, how to plan now?


 

I haven't paid attention to the cryptocurrency market for a while, and a lot of changes have taken place in the cryptocurrency market. Many coins have risen a lot. I will mainly talk about the coins I am currently paying attention to and the price position I plan to buy.
 

ETH

The first one is Ethereum. Considering that Bitcoin has reached a local peak recently, my main position this year is Ethereum. I won’t go into too much detail here. You can refer to my recommended buying and selling prices.

Why I am bullish on Ethereum in 2024
 

ARB：

ARB is a coin I am very optimistic about. I have mentioned it many times in the group. I started buying ARB at around 0.9 in November, and then increased my position at around 1.4 in December. ARB has performed very well recently, reaching a high of 2.4 and is currently around 2.1. If it falls back to around 1.7 in the yellow rectangle, I will increase my position decisively.
 

ON:

This is also the currency I mentioned in November, but it has risen a bit too much recently, so it is not suitable to chase. I will consider buying it if it falls near the yellow trend line.

APEX
This is the best performing coin in recent holdings, and it is still optimistic in the long run.

Since I bought it at the end of November, it has increased 10 times. The reason why I am optimistic about this coin is that it is an exchange token produced by the famous exchange bybit, which does not require KYC and supports contracts. The market without KYC is very large. This coin is still optimistic in the long run. If it can retrace to 1.8, it should be a good buying opportunity.

in conclusion:

Although I am optimistic about the altcoin bull market, it is better to wait for a pullback. The white rectangle is a good buying point.

I also pay attention to many altcoins such as INJ, METIS, GMX, ICP, etc. I will mention the buying positions one by one in the recent articles, and this information will be published here as soon as possible.

When the bull market comes, funds will rotate in various sectors. Hold on patiently and wait for the flowers to bloom. Holding spot is the most tiring, and I believe that there will be a day when the hard work will pay off!

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