My suggestions and opinions on the current market:
1. BTC fluctuated slightly, and the altcoins collectively plunged. What is the reason?
2. BTC fluctuated above the 5-day line, and the rise has not ended. The altcoins will rise again
3. Don't be disappointed with DOGE. If DOGE doesn't work, there will be no future for altcoins
1. I will give you a brief analysis of the status of altcoins in this round of market; the current Binance has gone through two rounds of bull market projects, and the chips of hundreds of altcoin project parties have been sold out. It is not a small amount of funds that can get out of the bull market trend, and the vitality is approaching dusk. In today's market with a shortage of funds, pulling the market will take a considerable risk.
So we see that most altcoins are still procrastinating today when the big cake is close to 100,000. Pulling a little rise is just waiting for the big cake to fluctuate and desperately smashing the contract to make money. To put it bluntly, these project parties have given up.
One is that they have made enough money, and
The second is that there are no chips.
So we see that Binance's recent projects are very strange, all of which are MEME coins with a market value of 10 or 20 million;
Because there is no other way, we have to find fresh blood to save Binance's current situation, and Binance will buy some chips in advance to operate these MEME coins, so now we have to pay attention to
1. The market of local dogs will definitely be better than the two old projects of Binance,
2. Binance's new projects should be paid special attention to, because this is their self-rescue project and must be pulled up.
3. On the market, BTC is still running above the upward 5-day moving average, and it is still far from falling below the 5-day moving average, so the rise is that the time window has not risen completely, and the altcoin has fallen sharply. The script here may be that BTC is strongly consolidating horizontally, and the altcoin will bottom out for 1 day, and then resonate upward (2~3 days)
