Bitcoin price continues to hit new highs, breaking through $96,000 and approaching the psychological barrier of $0.1 million.

At the current stage, the bull market has already started, which is quite certain. It is confirmed that the bull market is in the first phase.

The upcoming second phase is the most important because it is the most profitable stage in the bull market. Mistiming may lead to missing the entire bull market.

Bitcoin leads the rally, with only a few sectors responding effectively, while most altcoins do not perform well.

1: At the beginning of the market, market confidence has not fully recovered. A significant rise in bitcoin is needed to signal to the market that a major bull market is underway.

2: During a small retracement in bitcoin, due to the difficult situation experienced with deep altcoins in the past, panic is severe, leading to even larger downturns in altcoins.

3: Altcoins often have many trapped positions, and even if block orders try to push up prices, they can repeatedly wash at key levels.

In the second phase, as the market confidence brought by the rise of Bitcoin becomes more and more sufficient, funds start to become active, coupled with the fact that a few sectors had sharp rises in the first phase. First, with coins experiencing sharp rises, people's psychology will take its increase as the norm, then only a few coins or sectors will lead to the majority of the market not making money or even losing money, causing most people to be envious.

It is said that good brothers can lose money together, but I can't agree to you getting rich alone.

The main feature is: popular sectors will continue to enhance the effect of getting rich quickly. This is because the sectors that rose in the first phase continue to promote their benefits and bright future.

What we need to understand is that the end point of speculation is not how many times it has risen or how high the market cap is, but the break in buying funds.

Bitcoin rises alone while the altcoins fall sharply.

The data of liquidation of full-net contracts in the past 24 hours is very interesting. You will see that the amount of liquidation for other coins is even larger than that of Bitcoin, where "others" here of course refers to altcoins.

The price of Bitcoin is maintaining an upward trend, continuously setting new highs, while altcoins are self-indulgently falling, with a large number of long positions in altcoins being liquidated. If the price of Bitcoin drops, there will be even more long positions in altcoins being liquidated.

It is the first time I have seen the amount of counterfeit liquidation exceeding bitcoin.

There are three ways to play MeMe.

1. MeMe on the exchange: MeMe on the exchange may not be as exaggerated as on the chain by thousands or tens of thousands, but it is suitable for a large amount of funds or as a block order.

2. High-quality MeMe on the chain: Select high-quality MeMes on the chain, and the potential for rise is not small. If you are lucky enough to get on Binance, you will then ride the rocket.

3. New MeMe: This requires real-time tracking of market hotspots and prompt buying.

End

We are currently in the transition from the first phase market to the second phase market. The standard for fully transitioning to the second phase is bitcoin once again appearing multiple daily candlestick levels.CandlestickReached a new level. However, if after waiting for a bullish candlestick of bitcoin (BTC), it switches to altcoins, the price of altcoins at this time may be relatively high.