Bitcoin continues to surge!

On November 6th, Trump won the election, and Bitcoin broke through the previous high of 73777, then broke through 75000 and 76000 within a day. On November 7th, it continued to reach a new high by breaking through 77000, and on November 10th, it continued to set new records, breaking through 80000 and 81000, and today it surged directly to 89800.

It looks like breaking the 0.09 million mark today is not a problem!

In short, in just three or four days since Trump took office, Bitcoin has continuously hit new highs and the price is about to reach the nine-thousand range. This is the significance of Trump to crypto, and the current trend is quite consistent with what we predicted weeks ago.

Everyone can look back at our previous articles, especially during the few days of continuous pullback starting from October 29th. I almost mentioned every day that as long as Trump wins, Bitcoin will instantly remove all debuffs and soar straight to 80000.

Looking at the market's response now, it is stronger than my prediction. Moreover, this surge to 80000 actually happened over the weekend. It seems that even retail investors couldn't resist anymore. Typically, institutions have a habit of taking weekends off, so the market has been weak during weekends. Occasionally, there have been weak volume surges or drops, and the market usually adjusts to last Friday's closing level before the US stock market opens.

If Trump officially takes office and announces a series of bullish measures, passes numerous bills, I had a reserved attitude about how high it could rise, and I even thought reaching around $85,000 would be a good performance. But I didn't expect it to reach this level so soon. The earlier it reaches this position, the more unlimited the future development.

Can ETH take the baton?

For ETH, many brothers are questioning whether it will still be successful or not?

I used to think that looking at the data of ETH was useless (and I still think so now). Now I think that for ETH, the key lies in that new track, RWA and DePin must be the best, of course DePin is a bit far from ETH now, but RWA will have the opportunity, RWA is likely to be the weapon that makes ETH FOMO.

In fact, it means: when ETH rises, the altcoin season comes. If ETH doesn't perform well, the altcoin season will also be difficult.

Is there a possibility of a fierce bull market for altcoins coming?

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

BTC is accelerating its rise because central banks and institutions are lining up to buy: the faster it rises, the more it stimulates these institutions to buy, the more they buy, the more likely the US government will introduce legislation to make bitcoin a reserve currency, this is a positive spiral.

As for DOGE, after Musk assisted in the Trump election, it directly fermented: not only did mainstream funds buy, but there were also countless retail investors buying frantically, meanwhile, there are bullish expectations for DOGE's future integration with X, DOGE will keep rising in the future, it's just a matter of time before breaking $1.

The catalyst for the peak bull market has been ignited, the increase of bitcoin is already far ahead among mainstream coins, but most investors still hold a large amount of altcoins in the market, some bought at the highs and are currently in a loss.

So when will the altcoins break out is a question that everyone is very concerned about:

Yesterday, the AI sector also saw a breakout, led by Wld Render and others. Strong performers in the Defi sector are Ena Uni Aave, currently not much funds overflowing to the altcoin level, the current rise is mainly in some strong coins, when the big cake rises again or consolidates, it will usher in a wave of altcoins, but when you make money at that time, make sure to take profits.

If the significant rise of ALT (altcoins) can still be maintained, then the bull market is starting, a general rise will come, and I think ETH is crucial, if even ETH cannot continue to rise, then altcoins will have a harder time.

There is less and less information about the bull market, the reason is simple, there's basically nothing much to write about, just buy and hold. The listing of act pnut on Binance made many classmates go crazy yesterday, many who did not have the coin started to panic, but actually it's not a big deal, there are plenty of opportunities in a bull market, as long as you catch one or two, you've won.