This weekend has been truly lively in the crypto world. Bitcoin broke a 3-week high in the past 24 hours, approaching $92,000. Meanwhile, BONK surged by 30% in a single day, with such a sharp increase catching many investors off guard.
Let's first look at Bitcoin's recent rally. Two months of continuous gains are already quite impressive, and this surge may indeed reflect sustained institutional buying and a warming market sentiment. But the problem is—after such a long rise, the subsequent correction pressure is gradually building up. There are still key resistance levels between 93K and 95K that need to be broken through, and this isn't something that can be resolved with a simple push.
Next, consider the performance of small-cap coins like BONK. A daily increase of over 30% sounds attractive, but it often hides significant risks. Such a surge could be driven by short-term positive news, or it could simply be hype within the community or manipulation by large players. For ordinary investors, watching the excitement is indeed safer than participating.
History has taught us many lessons. Remember those coins that skyrocketed a few years ago? Many of them ended up in complete failure. Will BONK follow the same path? It's hard to say. But the pattern shows that the more a coin rises sharply, the more brutal its fall tends to be.
Key risks worth noting include: small-cap coins' gains are hard to sustain, Bitcoin faces multiple resistance levels, and regulatory developments at any time could change the game. These are not just baseless fears.
So, the safest approach is actually very simple—identify the right direction before entering the market. Blindly following the trend often results in the most expensive lessons.
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SandwichTrader
· 01-07 12:21
92K hasn't stabilized yet, and a bunch of people are already shouting breakout, hilarious
I wouldn't even dare to look at coins like BONK that rise 30%, afraid they'll drop back to the starting point in the blink of an eye
Historical lessons? No one listens at all, it's always the same routine every time
View OriginalReply0
MoonWaterDroplets
· 01-05 16:38
If 92K can't be held, then aiming for 95K—feels like the same old tricks again this time.
BONK up 30%? I think this is just like the start of those zeroed-out coins last year, really hard to hold.
Bitcoin has been rising for two months straight, which is indeed good, but a correction is really coming. The last time was two years ago, and I bought at the high.
Small-cap coins are basically gambling. Watching others make money is really tough, but I still held back.
Institutions are adding positions, right? Then I need to be more cautious. They often start like this when they dump.
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gm_or_ngmi
· 01-04 12:53
92k still has people getting in, really risking it all
BONK's 30% surge this wave, I bet five bucks it'll be halved next week
Bitcoin hitting resistance levels, honestly, it all depends on the market maker’s mood
Small altcoins skyrocketing? Wake up, brother, the list of bagholders just got longer
History repeats itself, never outdated, this is all the crypto world has to offer
If you can't break through resistance, you have to smash it; this rule is as accurate as gravity
Have you made money by following the trend? Anyway, I haven't
View OriginalReply0
ProxyCollector
· 01-04 12:53
BONK's 30% surge is really impressive, but I still chickened out and didn't get in.
If 92K really breaks through 93K, it will be interesting, but I feel the resistance level will be stuck for a while.
This time, it's probably going to be another slaughtering of the retail investors. Following the hype, you'll have to cut losses eventually.
Small coins are just gambling; they rise quickly and die just as fast. Haven't the lessons from history been learned enough?
I really can't understand why BONK can surge 30%. There must be some behind-the-scenes tricks.
Bitcoin remains steady and reliable, but reaching 92K doesn't seem that easy to break through.
After the big players finish their round of selling, BONK might drop back to the floor. Those who buy in at that point will be crying.
It's better to just hold Bitcoin honestly; I can't play with these small coins.
Every time I see such a surge, I think of those crappy coins from a few years ago, which all ended up worthless.
If the levels at 93K to 95K can really be broken through, then we can say the market has truly arrived.
View OriginalReply0
SigmaBrain
· 01-04 12:49
Can this level of 92K be broken? Still too early to tell, it feels like institutions are testing...
BONK, which rises 30% daily, to be honest, I stay far away from it. The smell of scalpings is too strong.
What happened to those coins from a few years ago... It's really a mess.
Blindly following the trend is truly the most expensive tuition, a painful lesson.
Bitcoin has so many resistance levels; breaking through isn't that easy.
I only watch small-cap coins but don't touch them—that's my bottom line.
View OriginalReply0
NFTragedy
· 01-04 12:46
92K This level is going to be repeated again, a scene of chaos is always replaying
BONK type coins, a sudden surge is completely a trap, how many times has history already taught us this, yet people still jump into the pit?
Watching from the sidelines is really safe, everyone participating must regret it
The market makers' latest round of harvesting is steady and precise, let's just stay quietly and wait
Bitcoin is a bit risky this time, the 93K to 95K level is too hard to break through, it feels like another correction is coming
Small-cap coins can rise 30% in a day, then turn around and fall back to grandma's house, are there really people chasing after it?
The idea that institutions are increasing their positions shouldn't be overly trusted, retail investors are just destined to be harvested
View OriginalReply0
StealthDeployer
· 01-04 12:42
92K can't even hold, and you still want to break through 95K? This time, it might be another high-level buy-in.
BONK increased by 30%, and I just laughed. Such a small coin dares to go crazy with just one news, but when it falls, it will be even more brutal.
Bitcoin is now just betting on institutional patience. With so many resistance levels, just rushing in won't work.
Watching the excitement is always the safest choice, really.
Where did those coins from a few years ago go now? History always repeats itself.
This time, let's wait for a pullback before talking. No rush for now.
This weekend has been truly lively in the crypto world. Bitcoin broke a 3-week high in the past 24 hours, approaching $92,000. Meanwhile, BONK surged by 30% in a single day, with such a sharp increase catching many investors off guard.
Let's first look at Bitcoin's recent rally. Two months of continuous gains are already quite impressive, and this surge may indeed reflect sustained institutional buying and a warming market sentiment. But the problem is—after such a long rise, the subsequent correction pressure is gradually building up. There are still key resistance levels between 93K and 95K that need to be broken through, and this isn't something that can be resolved with a simple push.
Next, consider the performance of small-cap coins like BONK. A daily increase of over 30% sounds attractive, but it often hides significant risks. Such a surge could be driven by short-term positive news, or it could simply be hype within the community or manipulation by large players. For ordinary investors, watching the excitement is indeed safer than participating.
History has taught us many lessons. Remember those coins that skyrocketed a few years ago? Many of them ended up in complete failure. Will BONK follow the same path? It's hard to say. But the pattern shows that the more a coin rises sharply, the more brutal its fall tends to be.
Key risks worth noting include: small-cap coins' gains are hard to sustain, Bitcoin faces multiple resistance levels, and regulatory developments at any time could change the game. These are not just baseless fears.
So, the safest approach is actually very simple—identify the right direction before entering the market. Blindly following the trend often results in the most expensive lessons.