The price of bitcoin continues to hit new highs, having surpassed 96,000 dollars and is close to the psychological barrier of 0.1 million dollars.

Currently, it is quite certain that the bull market has started. It can be stated that the bull market is in its first phase.

The upcoming second phase is the most important, as it is the most profitable phase of the bull market, and misstepping could mean missing out on the entire bull market.

BTC leads the surge, but only a few sectors are performing effectively, while most altcoins are not doing well.

1: At the beginning of the market, market confidence has not fully recovered. A significant rise in btc is needed to show the market that a big bull market is on the way.

2: When btc has a small pullback, due to previously experiencing a tough situation with deep altcoins, panic psychology is severe, and altcoins often drop even more.

3: Altcoins often have a lot of trapped positions, and even if block orders want to pull up prices, they can repeatedly wash positions at critical levels.

In the second phase, due to the increasing market confidence brought by the rise of bitcoin, funds began to become active. Additionally, there were some sectors that experienced a huge surge in the first phase. First, when a coin rises sharply, people's psychology tends to set it as a benchmark for its increase, and then only a few coins or sectors lead to most of the market not making money or even losing money, which causes a lot of envy among most people.

As the saying goes, good brothers can lose money together, but if you become rich alone, I cannot accept that.

The biggest characteristic is that popular sectors will continue to enhance the effect of getting rich quickly. This is because the rising sectors from the first phase continuously promote their benefits and bright futures.

What we need to clarify is that the endpoint of speculation is not how many times it has increased, nor how high the market cap is, but rather the gap in buying funds.

Bitcoin rises alone while altcoins plummet.

The liquidation data for the entire network over the past 24 hours is quite interesting. You will see that the liquidation amount of others is actually larger than that of bitcoin, where others certainly refers to altcoins.

The price of bitcoin continues to rise, constantly making new heights, while altcoins are self-destructively falling, with a large number of long positions in altcoins being liquidated. If the price of bitcoin falls, then more long positions in altcoins will be liquidated.

It is indeed the first time seeing that the liquidation amount of the imitation exceeds that of bitcoin.

There are three ways to play MeMe.

1. MeMe within exchanges: The MeMe in exchanges will not be as exaggerated as thousands or tens of thousands of times on-chain, but it is suitable for large amounts of capital or as a heavy-weight symbol.

2. High-quality MeMe on-chain: Selecting high-quality MeMe on-chain also has significant potential for growth. If lucky enough to go on Binance, it will be like riding a rocket.

3. New MeMe: This requires closely following the market trends in real time and buying in promptly.

End

Currently in the stage of progress from the first phase of the market to the second phase, with the standard for fully entering the second phase being that bitcoin has several major daily-level rises again.CandlestickThis has reached a new level. However, if altcoins are entered after bitcoin has a big surge, the prices of those altcoins might be relatively high at that time.