The rise is too sharp, the market has gone crazy, too strong, without any pullback, unlimited issuance driving the market up! Today, bitcoin surged to $85,000, breaking through $89,000 at its highest. I am actually very excited, achieving this level now is already good, but I didn't expect it to arrive so early. The earlier it reaches this level, the more limitless the future development will be. As for reaching 0.1 million or more is contingent on arriving at $85,000 early.

Patience is needed for long positions, timing is crucial 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, and the following liquidation will mainly involve low-multiple short positions. Obviously, the fuel is not as abundant, if you want to continue to rise, you can only rely on incremental funds from outside the circle to keep buying. This means that the first wave of acceleration has come to an end.

In addition, following past logic, bull markets often have sudden crashes, for a simple reason, there are too many bulls and they need to be liquidated, so let's take a simple look at the liquidation map. The amount of long positions accumulated above $80,000 in the past 7 days has exceeded $1 billion, while above $70,000 it is as high as $5 billion, so it is necessary to have a round of liquidation. As for when it will happen, no one knows. These are just reminders for everyone to be cautious, not to get too hot-headed, and patiently wait for the next entry opportunity~.

Stay tuned for the daily passwords. No threshold, no fees.

Of course, I will still say that everyone should pay attention to Tuesday US time. If the significant rise in ALT coins continues, it is very likely that the bull market has begun, and a general rise will occur. Also, I believe ETH is critical; if ETH cannot continue to rise, then ALT coins will have an even harder time.

Of course, SOL and BNB are not affected by ETH. The former has strong topicality and capital volume, while the latter lacks a LaunchPool. I also believe that LaunchPool should be coming soon. If LaunchPool is not launched quickly under this FOMO sentiment, I will question the cryptocurrency community.

And for ETH, many friends want to hear me talk about it. In the past, I thought it was useless to look at ETH's data (and still do), but now I think the key for ETH lies in that new track, with RWA and DePin being the best contenders. Of course, DePin is still a bit far from ETH at the moment, but RWA will have a chance. RWA is likely the weapon that will make Ethereum FOMO.

In simple terms, when ETH rises, the altcoin season comes. If ETH doesn’t do well, the altcoin season will also struggle. (This is just my personal opinion, no offense.)

In the past 24 hours alone, the number of liquidations across the entire network has exceeded 0.15 million, with a total liquidation amount exceeding 0.57 billion US dollars.

In the last 12 hours, short-selling investors accounted for over 70% of the total liquidation amount. However, data shows that driven by Bitcoin, the global cryptocurrency market capitalization has surpassed 3 trillion US dollars for the first time since November 2021. Following this, MicroStrategy founder Michael Saylor stated last night that MicroStrategy has once again purchased about 2.03 billion US dollars to buy 27,200 bitcoins.

You can see that most of the popular posts are from friends going short, trying to increase their winning percentage by holding positions. However, such a method will be severely hit by a one-way market trend. Even if you are lucky this time and come back, there will eventually be a liquidation. Once liquidated, you will lose everything. This type of trading method is incorrect and will eventually lead to liquidation. Only through liquidation can it change your trading habits. Those going short and betting against the market will find it very difficult. Guessing the top of the bull market early on is really meaningless, just like trying to buy the dip in a bull market, you will sell halfway up the climb. Let's summarize the key points of the morning:

1: A week later on 11/20, Nvidia's financial report will be announced. Focus on Ai sector-related currencies, render, wld, arkm, fet.

2: The fear and greed index of cryptos reached 80, hitting a new high since March. Historically, a risk of over 80 indicates a time to escape the peak.

3: 2 billion more tokens were issued 2 days ago, and another 2 billion USDT were issued for bottom fishing at 1:07 am today, no wonder there was such a strong surge in the morning, with a large amount of funds flowing into cryptos.

4: Dogecoin has really taken off, too aggressive, it is estimated that even Trump is one of the masterminds behind it.

5: When bitcoin finishes rising and stabilizes, the altcoins will have a chance, stay steady.