Bitcoin has once again reached a new high, directly hitting 123,000 this afternoon, with a year-to-date increase of over 29%, essentially rubbing gold on the ground (gold only rose 27%). If you still think this is a "short-term rebound", you might need to review the definition of a bull market.
Over the past five days, Bitcoin has been ruthlessly rising without a significant correction, backed by ETF's massive absorption of $2 billion + institutional frenzy buying, even pushing BTC's gold ratio to a 23-week high. This is not a dream, but the shape of a main rising wave.
Many analysts have set their targets at 125K or even 150K, with some saying: "Prepare to watch fireworks when BTC's price breaks through one kilogram of gold." Today's wave directly swept away many short sellers, who not only failed to make money but were also liquidated, purely giving away money! In this market, shorting should be approached with caution, as going against the trend in a bull market comes at a high cost...
Bull Market Signals Becoming Clearer
How strong is this Bitcoin wave? Many are afraid to chase, fearing the old pattern—BTC rises, altcoins don't move; BTC falls, altcoins dive. But the rhythm is completely different now. Bitcoin broke through from oscillation in just 40 short days, which means what? It means this is not an ordinary market, but one driven by big capital. Remember: In a bull market, you can avoid entering, but never easily go short.
ETH is Moving Too! Can It Sprint to 4000?
I've been watching ETH closely. Technically, it's walking along the upper rail of the upward channel, feeling very similar to the rhythm of going from 200 to 4000 in 2020.
MACD daily/weekly golden cross, emotional resonance, with the 3400 mark being a key battlefield. If it breaks through, the speed might be faster than you imagine.
Now the entire L2 and DeFi ecosystem is being reconstructed, and institutions are finally seriously looking at ETH's fundamentals—don't forget, it's the cornerstone of on-chain finance. I started positioning around 2500, ate up to 3000, continue to hold, with the target unchanged.
First, answering a fan's question: Is it still worth holding Doge at 0.18?
Doge strongly broke through 0.2 last night, rising over 5% in 24 hours, backed by whale return, institutional absorption, and futures pulling 1.5 billion, directly igniting market sentiment. The main force's end-of-session pull was clean and crisp. 0.2 became the new bottom line. Currently topped at the previous high of 0.213, with short-term pressure, reducing is not unreasonable. Next target is 0.248, leaving some for hedging is also okay. As long as the 0.208–0.21 area is maintained, bulls still have a chance.
Pump IDO Snatched 5 Billion Dollars in 12 Minutes, Whales Competing Frantically for Quota
Saturday's #pump IDO was simply crazy. 5 billion dollars snatched in 12 minutes, on-chain congestion, CEX lagging like PPT.
What you see is the "nationwide frenzy" appearance, but behind it are various calculations and games. Whether the project is reliable still depends on its performance after listing. (Launching tomorrow)
PENGU Fired Up Again, Sun's Picture of "Everyone Becomes a Penguin" Directly Ignited the Market!
$PENGU is on fire again! This wave surged nearly 90%. Sun casually posted a cartoon penguin image, added a TRON T-shirt, and made the entire community climax. Coupled with SEC spot ETF positive news, sentiment and technical aspects directly exploded.
RSI is overbought, but MACD continues to rise, and volume is still there. Short-term pullback might just be consolidation, medium-term still bullish. Especially this time, Sun really did something—TRON chain lowered gas, improved efficiency, truly hitting the mark. Currently, PENGU has broken 2.5 billion market cap, tripled in 3 weeks, with heat even challenging PEPE. ETF positive news + penguin avatar trend continues to provide blood.
Domestic Memecoin Collectively Emerging! Pinyin Plate Becoming a New Force?
Have you been seeing many Pinyin plate coins lately? Like $xing, $HuaHua, $zhong, $IKUN, $旺柴... All are Chinese memes!
Finally, no more hard translation from English. This wave of cultural confidence directly blew up the crypto space. $IKUN sits firmly as the top domestic meme, $HuaHua just doubled yesterday, $旺柴 also broke 10 million market cap. Feels like this wave of Chinese memes + household IP might really produce one or two phenomenal projects.
Of course, hot spots are hot spots. Remember the core logic: Currently, BTC/ETH are driving the main rise, other coins are just rotating and following. Memecoin can be participated in, but don't go all in, control position.
Although the market is fierce, don't ignore potential risks. Currently operating defensively, mainly doing BTC's post-breakthrough follow-up, waiting for ETH to confirm 4000 before adding small coins, only doing short-term chasing. All core judgments are still based on the logic of "trend is king + capital rotation".
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