The rise is too strong, the market has gone crazy, very powerful, no pullback at all, endlessly increasing to lure buyers! Today, bitcoin surged to $85,000, breaking through $89,000 at its peak. Actually, I am very excited, achieving this kind of result now is already quite good, but I didn't expect it to come so early. The earlier it reaches this position, the more limitless the future development will be. As for reaching 85000 dollars early, the premise for 0.1 million or even more is to see if it reaches 85000 dollars early.

Patience is needed for long positions, while timing is important for short positions.

Today, this accelerating candlestick should be the largest solid one since 2021, with the current increase approaching $10,000. After this acceleration, most high-multiple short positions have already been liquidated. What's left to be liquidated are some low-multiple short positions. Obviously, the fuel is not as abundant anymore. If you want to continue going up, it will rely on continuous buying from outside the circle. This means the first wave of acceleration has come to an end.

Furthermore, following past logic, in a bull market there are often sudden crashes, the reason being quite simple - there are too many long positions and they need to be liquidated. So let's take a simple look at the liquidation map. In the past 7 days, the amount of long positions accumulated above $80,000 has exceeded 1 billion, reaching as high as 5 billion dollars above $70,000. Therefore, it is necessary to have a round of liquidation. As for when it will happen, no one knows. Stating these facts has no other meaning, but it's a reminder for everyone to be mindful of risks, not to get too hot-headed, and patiently wait for the next buying opportunity.

Stay tuned for the daily password. No threshold, no charges.

Of course, as I always say, everyone should look at Tuesday US time. If the significant rise in ALT coins continues, then the bull market may have started, bringing a general rise, and I think ETH is key. If ETH cannot continue to surge, then it will be even harder for ALT coins.

Certainly, unaffected by ETH are SOL and BNB. The former has strong attention and capital volume, while the latter lacks a LaunchPool, and I also think LaunchPool should be coming soon. Under this FOMO emotion, if LaunchPool is not introduced quickly, I will question the crypto community.

For ETH, many friends want to hear me talk about it. In the past, I thought looking at ETH's data was useless (and I still think so now). Now I think that for ETH, the key lies in that new track, RWA and DePin are definitely the best, of course DePin is a bit far from ETH now, but RWA will have the opportunity, RWA is very likely to be the weapon that makes Ethereum FOMO.

In simple terms, when ETH rises, the altcoin season comes. If ETH doesn't perform well, the altcoin season will also be difficult. (Personally, just my opinion.)

Also in the past 24 hours, the number of liquidated positions across the network exceeded 0.15 million, with a total amount liquidated exceeding 0.57 billion US dollars.

In the past 12 hours, more than 70% of the total amount of liquidated investors in short positions. However, the data shows that driven by Bitcoin, the total market value of global cryptos has surpassed 3 trillion US dollars for the first time since November 2021. Following this, Michael Saylor, the founder of MicroStrategy, announced last night (11) that MicroStrategy once again purchased 27,200 bitcoins with approximately 2.03 billion US dollars.

Look at the popular posts, most of them are friends who are opening short positions. The method of improving the winning rate through opening short positions will be severely hit by one-sided market trends. Even if you are lucky this time and come back, there will be a time when you get liquidated. Once you get liquidated, you have nothing. Your way of opening positions is wrong, the ultimate result is liquidation. Only after being liquidated will you change your way of opening positions. Opening short and stepping short are very uncomfortable. Guessing the peak at the beginning of a bull market really makes no sense, just like buying the dip in a bull market, you will sell halfway up the mountain. Start summarizing the highlights of the morning:

1: One week later, on 11/20, Nvidia will announce its financial report. Pay attention to Ai sector-related coins, render, wld, arkm, fet.

2: The fear and greed index of cryptos reached 80, hitting a new high since March. When it's above 80, there's a risk of escaping the peak.

3: 2 billion was issued two days ago, and another 2 billion USDT was issued at 01:07 this morning to buy the dip. No wonder there was such a strong surge in the morning, with a large amount of capital flowing into cryptos.

4: Dogecoin has really gone viral, too fierce. It is estimated that even Trump is one of the backers behind the scenes.

5: When the big cake finishes rising and stabilizes, there will be an opportunity for the altcoins to shine.