BTC briefly fell below 95,000 USD.
Interestingly, just after the U.S. government transferred a large amount of BTC, Bitcoin dropped to a low of around 94,388 USD at 01:45 this morning. Before the press deadline, it rebounded slightly, currently reported at 95,659 USD, down 2.32% in the last 24 hours.
Bitcoin drops slightly, the overall MEME coins drop a bit, and then the springtime for VC coins arrives.
So, during these recent Bitcoin pullbacks, when everyone started to panic, I always advised everyone to stay calm. Those who can remain steady at this time have essentially won over 80% of the retail investors' mentality. The manipulator has indeed done this; when Bitcoin and MEME dropped, VC instead saw a rotation, but it’s likely that many retail investors were scared off and exited before the market began to rise again.
Mainstream VC, old brand altcoin, recently saw a huge increase, with a monthly increase of 100% being the minimum, and DASH doubled in just a few days.
The RWA sector also welcomed an explosion today, taking the last leg, with a daily increase of over 40%.
So will December follow the old pattern of adjusting and then surging, or will it be a complete washout? What will happen to the altcoins?
First, from the current market cap share of Bitcoin, there may still be some room for a pullback below; of course, this also indicates a certain space for altcoins to catch up. After all, as Bitcoin's market cap share decreases, the market cap of altcoins will correspondingly increase.
In any case, this bull market is progressing step by step according to levels and stages, from Bitcoin to the second largest ETH, from the second largest to mainstream and then to the old secondary mainstream. NULS, which was recommended around 0.38, perfectly reached the VIP first target! The skirt also made synchronous recommendations, and the brothers who got on board have reaped a lot! This month's recommended earnings include two doubling coins: CETUS and WIF, which are also being recommended simultaneously! Many friends must have kept up!
To get back on topic, currently, with a strong rebound of the second largest coin, some altcoins have also seen certain increases, so a slight adjustment is normal. This indicates that a real bull run for altcoins is brewing, and appropriate pullbacks will not affect the larger trend of the upcoming bull market; rather, it presents opportunities for us small retail investors.
Speaking of today's daily $BTC market analysis: From the K-line perspective, the 1-hour level is down, the 4-hour level is down, the 12-hour level is slightly down, and the daily level is weakly sideways. The intraday resistance level is 98,100, and the support level is 93,300 USD.
Taking advantage of the adjustment in BTC and the meme sector, funds are rotating into Ethereum ecosystem tokens and obscure altcoins. However, some old altcoins, like XRP, ADA, XLM, EOS, etc., have seen larger increases, with XRP even returning to the top three by market cap, reaching a total market cap of 250 billion USD.
These tokens have a characteristic: after a long period of bottom consolidation, with no hotspots or concepts, retail investors have very few chips left, and the manipulators have a high degree of control. Thus, even if the market cap is large, the resistance to a price surge is relatively small.
