Good afternoon, brothers! Recently, Bitcoin has entered a state of shock consolidation after a false breakthrough, while altcoins still have the opportunity to rise in the short term.
Yesterday, Bitcoin showed obvious false breakout characteristics in the short term. Although it once fell below the key support level (US$95,500), it did not form an effective physical decline. After some fluctuations, Bitcoin returned to the US$95,000-98,000 range.
From the medium-term trend, Bitcoin is likely to break through $100,000 in December. Historical data shows that Bitcoin's performance in December during a bull market is usually better than the increase in the previous month, which is consistent with the market structure of this cycle.
Bitcoin’s current consolidation provides altcoins with an opportunity to perform in the short term
1. BTC fluctuated, SOL stalled, and yesterday ETH blue chips UNI, AAVE, MKR, LINK, and CRV saw a collective surge. ETH has been a sector that has been strongly promoted in recent weeks.
2. BTC.D continues to fall, which has never happened in the past two years. It will never return to the high of 61% in November. This is a trend change.
3. The surge in ETH in November attracted many followers. If it fluctuates in December, this will be the last chance to get on board. It will shock you in January next year. There will be non-agricultural data on the 5th of this month, CPI on the 11th, and Christmas at the end of the month, which may cause relatively large fluctuations in the market.
Recommended targets and investment strategies
CKB（Nervos Network）
CKB will soon launch a smart contract module, which will greatly enhance the functionality and attractiveness of the network. Since November 5, CKB's growth has lagged behind Bitcoin, only about 30%, and has obvious potential for catch-up growth. Although the current price has risen slightly, short-term operations can still take appropriate profits and observe the subsequent trend.
Opportunities on the RWA track
Recently, the RWA (real asset tokenization) track has continued to attract market attention. Among them, Ondo has achieved a 6-fold increase in a short period of time due to high attention and market benefits. However, as the risk of chasing high prices increases, the market focus has gradually shifted to other undervalued targets.
In this case, we can pay attention to some projects with low market value but huge potential. For example, Trove (Tru), which currently has a market value of only 180 million US dollars and is in full circulation. The trading volume has gradually increased in the past few days, indicating that the attention of funds has increased. When the price falls back to around 0.03 US dollars, a small amount of intervention can be made, and the stop loss is set below the key support level.
Market sector rotation and investment strategy
As Bitcoin fluctuates, the altcoin sector has opportunities for a round of gains. However, it should be noted that these opportunities are short-lived and risky.
Therefore, we need to avoid chasing highs and intervening in currencies that have already skyrocketed and lack a supporting structure.
At the same time, we should also pay attention to targets with stagflation and good fundamentals, and screen projects with no rising demand, obvious capital movements or favorable fundamentals.
If it is difficult to screen high-quality targets, we can use the power of platforms or communities to obtain first-hand information and recommendations.
This will not only improve our investment efficiency, but also reduce our investment risks.
The bull market of the three major cryptocurrencies will surpass the market and soar 100 times in the future!
1.AVAX
Avax is a very certain opportunity, and it is possible that Avax will be the next big coin to explode. Avax has not risen much in this wave, so you can make a layout.
There are many pullbacks in the bull market, and pullbacks are opportunities to make money. Su Bai suggested that we should hold a large position in doge, sol and xrp at the low point. Except for sol, the other two have high returns. Recently, there may be another pullback. Su Bai will exchange half of xrp and doge for avax. Avax is originally a public chain of the American system. It will be invincible if it is combined with King Trump.
2.SYS
Buy sys, stop loss at 0.132, sys also rose by seven or eight points.
Syscoin (SYS) price surged by more than 60% after Binance launched the SYS/USDT perpetual contract. Typically, when a major exchange like Binance adds a new trading pair, the price of the associated cryptocurrency rises.
3.XTZ
xtz, stop loss is adjusted downward to 1.46.
Other copycats also saw a general rise yesterday, and projects that had not risen for thousands of years, such as $xtz $hbar, also began to catch up.
Xtz has had strong market performance recently, gaining 13.48% in 24 hours. Its market cap has increased by 13.53% and is above its 200-day simple moving average (SMA) by 82.43%. These strong gains and indicators suggest that Xtz remains an investment option worth watching.
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