#山寨币强势反弹

Those who frequently read the Little Wealth God Morning Report know that I have been mentioning that the altcoin season has arrived. Today, the market finally reached its peak, with ORDI, SIREN, and RAVE—the "Big Three"—rising over 100%, joining forces with SATS, NEIRO, and others on the "hot list" of surging tokens. One after another, they take the stage, creating quite a lively scene. But as the saying goes, buy when no one is paying attention, sell when everyone is shouting. Now, market sentiment has already shifted to FOMO, indicating that this wave of altcoin rally may be entering the mid-to-late stage. It’s time to reduce positions and manage risks.

Looking back at this week’s trades, I participated in RAVE at the start of the week, then MYX, BIO, and yesterday’s ORDI. Under the crazy market, it’s common to see positions multiply three or four times. But overall, my total gains aren’t very high. Reflecting on the reasons, I think it’s because I was trading too frequently. After making profits, I kept trying to expand them, leading to too many short-term trades. Everyone must take this as a warning!

This round of altcoins doesn’t have a clear hype sector; most are old coins that have been sideways at the bottom for a long time and lack popularity. Basically, the main players are finding some coins that have been thoroughly shaken out and are "half-dead," then secretly accumulating chips at the bottom. They use their capital advantage to forcibly pump the market, harvesting both spot and futures. Next, it’s likely to enter a rotation phase, with some tokens that have experienced significant drops earlier and haven’t been hotly traded this round worth paying attention to. For example, the long-neglected GamFi and some excellent tokens within the MEME sector. Also, if the currently "most dazzling" RAVE experiences a sharp correction, it might be a good opportunity to buy the dip. It seems 🐶’s whales aren’t planning to exit so quickly.

What’s the outlook for the next market?
Looking back at past cycles, altcoin seasons usually occur in two scenarios: either in the early stage of a bull market or at the end of a long sideways trend just before a decline. Today’s market looks more like the latter. On one hand, Bitcoin is approaching the weekly resistance zone of 76,000–77,500. On the other hand, the market is still in a bear phase, so we shouldn’t be overly optimistic. In the short term, RAVE might still have some room to rise, but I’m not very optimistic about SIREN’s future; it’s better to short on rallies. For Bitcoin and Ethereum, there hasn’t been much movement recently. If you want to trade, probably better to focus on short positions.
Bitcoin key support: 73,000
Key resistance: 76,000
Ethereum key support: 2,280
Key resistance: 2,380
What do you all think about the upcoming market? Let’s leave comments and chat. Wishing everyone daily prosperity!