Bitcoin saw a small pullback over the weekend, and it still maintained a narrow range of fluctuations. It pulled back to around 9w6 last night, which was less than 4 points from the highest point. At present, the trend is a bit weak, but there is no worry about a sharp pullback. In the short term, pay attention to the 4-hour level. This kind of pullback is very healthy, so don't be scared.
$BTC fluctuated widely at high levels, the market rose generally, funds pulled up old coins, Desic concept coins rose sharply, SAND soared 100% in two days, and the old public chains collectively awakened
The next week is Thanksgiving. Historically, financial markets have performed relatively well during Thanksgiving. After all, no one wants to suffer a setback during the holidays. It is expected that U.S. stocks, including the cryptocurrency market, will continue to fluctuate upward.
There are no particularly important events this week. There will be the Federal Reserve minutes on Tuesday and PCE on Wednesday. These will also affect the base for subsequent interest rate cuts!
The script of the copycat market has become increasingly clear.
Ethereum/altcoins are also not idle. During the period of Bitcoin volatility, they will continue to raise their own water levels.
We didn't get on the car when the flywheel started, but when it started to spin quickly, we looked up and the car was already moving away:
The flywheel effect is always difficult to start at the beginning, just like the current situation of ETH, the car is heavy and the price rises slowly. Once the flywheel starts to turn, "price increase" and "net inflow of ETFs" will drive each other, and the price will also go up.
Take a look at Bitcoin. In the past year, driven by the continuous promotion of ETFs, the price has reached the 100,000 mark, a price that was unimaginable at the beginning of the year. Is it really the value discovery of Bitcoin? Trump was elected only this month!
Isn't it still the result of the rapid rotation of the flywheel between Bitcoin's "price increase" and the ETF?
Cherish these few days, during which you can still see such cheap ETH and altcoins. Next week will be a completely different picture.
How to choose high-quality altcoins
1. Narrative: As mentioned by Musk, Doge has traffic and capital injection, which has triggered market speculation and the price will naturally improve.
2. Project community team operation: The community team actively creates narratives or promotes the listing process. For example, after listing on Binance, it will expand to CB, Bithumb, Upbit and other platforms.
3. Powerful market makers: Supported by strong market makers.
If these conditions are met, valuation and growth will have greater potential, otherwise they will be limited. This rule also applies to public chains, games, DEFI and other tracks. After all, the hype of any currency is inseparable from traffic and funds.
To judge market hype and new tracks, you can pay attention to Binance, CB dynamics, the US macro situation, mainstream media and US stock hot spots, as well as the comments of celebrities in the crypto field, find corresponding narrative projects in the crypto market and analyze them, and keep up with the market hype trend. The market is always right.
In the past one or two years, new tracks such as Depin, RWA, Payfi, and BTCfi have emerged. We should pay attention to whether similar projects have been favored by big funds.
The hype of DOGE and PNUT in the past month is an example. Even if it is impossible to predict, timely follow-up can also seize the opportunity. After all, PNUT is not achieved overnight.
The altcoin season has arrived, and the sectors have begun to rotate. At present, I think the blockchain game sector has not yet finished rising. Friends who missed Sand Gala and Mana can ambush coins in the same sector that have not risen sharply, such as YGG.
➜ $STX
Stacks is a star L2 project in the Bitcoin ecosystem.
The recently completed Satoshi upgrade has greatly improved security: Stacks can no longer fork on its own, and the difficulty of reversing a transaction after confirmation is equivalent to that of a Bitcoin transaction.
With the launch of sBTC, Stacks’ TVL is expected to increase significantly. Even if the price of Bitcoin does not rise, the price of $STX will still benefit from the ecological growth brought by sBTC.
➜ $BAN
The market popularity of this coin is extremely high. OK is also promoting this "banana" coin. There is also a banana logo on Musk's rocket. Brother Sun also bought the banana coin.
There have been people promoting it vigorously in the community, and various media have also frequently discussed this matter. The potential of a project that is popular and has a community should not be underestimated.
➜ $Was
It has been upgraded to a public chain, covering all popular tracks.
It was once marked as an observation tag by the head and then removed, suggesting the operation of the banker.
Currently, it is almost fully circulated with a market value of only US$200 million. It is an asset under Grayscale and is severely undervalued.
➜ $BGB
bgb can basically satisfy all your fantasies about this round of excess BETA:
Large platform coins are safe and secure with low volatility
The growth rate is stable, it will lay eggs and will continue to lay eggs. Lanuchpool is constantly locking positions in disguised forms and spiraling upwards!
➜ $PNUT
Popular currencies, new track leaders, and narratives related to Musk have long-term value. $PNUT has a clear story and potential for appreciation.
The current adjustment of $PNUT may be an important buying opportunity. Targets with leading stocks and strong narrative support still have the potential to usher in a new round of increases.
➜ $SSV
The only promising target in the Ethereum ecosystem and the leader in the staking space, with a total circulation market value of only US$200 million.
If there is a new trend in the Ethereum ecosystem, $SSV will become one of the most promising targets.
