Brothers, good afternoon! Bitcoin's price fell below 93,000 this morning, and as of the time of writing, it has adjusted to around 94,780.
According to the triangular trend strategy, Bitcoin's 12-hour MACD indicator shows a top divergence, and the RSI indicator is double oversold, leading to a correction. Currently, it is supported at the 12-hour MA30 triangle. Bitcoin needs to break 100,000 at the latest by early December. If it fails to break, the adjustment level will expand to the daily level, and the breakthrough deadline will be around December 10.
It is worth noting that Bitcoin's short-term adjustment may allow room for other coins to perform, especially Ethereum and some altcoins, which are expected to become new market hotspots.
A bull's turn is hard to buy; a correction in a bull market is an opportunity.
The trend of altcoins and the market has begun to diverge: Bitcoin's correction does not lead to a drop in altcoins.
Ethereum and altcoins are currently performing relatively well. If Bitcoin rebounds and breaks 100,000, altcoins might really take off. After Bitcoin breaks out of an independent trend, the market has entered a bull market process from various aspects like funds and emotions; during the bull market process, most altcoins will have independent trends, just at different rhythms and timings, unless there is a major adjustment after a collective peak. Otherwise, it won't follow the market like in a bear market, where a 1-point drop in Bitcoin could lead to a 10-point drop in altcoins.
For altcoins, those that have risen a lot will tend to follow Bitcoin's correction; those that haven't risen much or are just starting to rise will tend to outperform Bitcoin during its correction.
A correction in the bull market is an opportunity to get on board, to grasp the main line, to capture promising sectors. BESB is regular income; the altcoin season is the real crazy wealth creation!
Layout these 3 potential 100x altcoins!
1. CHILLGUY
ChillGuy holders reached 128K in 7 days! Currently, there are 131,661 holders, just shy of ATH, everything is looking good. Increased 20 times during this cycle. Price is a lagging indicator; growth is explosive.
Since breaking 500m, it has nearly doubled. It is expected that when ChillGuy breaks 100m, all other TikTok tokens will rise again. 1 ChillGuy = 10 dollars is not a dream!
2. RLC
Buy RLC, stop loss at 1.99. The AI sector is rising again, with Artificial Intelligence X Oracles: GRT, RLC. RLC breaks critical thresholds! The upward potential is huge.
3. FLOKI
The Valhalla mainnet launch will be delayed until Q1 2025. March is the season for altcoins, and many project teams are leveraging this timing for favorable speculation.
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