Bitcoin fell briefly after the declaration of martial law in South Korea due to political events, and then re-entered a sideways trend. However, after the events subsided, Bitcoin quickly returned to the range of 95,000 to 98,000 US dollars.
Today's market altcoins may see a general rise, which is worth paying attention to
Bitcoin is expected to continue to consolidate and remain in the range of 95,000 to 98,000 US dollars. As long as it does not fall below this range, the risk of decline is limited, and altcoins will have the opportunity to perform well.
Currently, Bitcoin has no obvious momentum to break through $100,000 in the short term, mainly constrained by the following factors:
1. The difference between large investors and institutions: large investors cash out at high levels, while institutions continue to accumulate shares.
2. Capital spillover effect: Part of the funds flow into altcoins, driving the altcoin market.
XRP has been dormant for 6 years and can be reborn. Everything is possible! 4 altcoins that haven't gone crazy yet
1. TREES
For the coin Bome, we will first look at 0.1U, and then look at 1U after this bull market ends. After Bome was listed on Binance, it has experienced a half-year wash, and its market value has only fallen by half, showing a relatively stable performance. In contrast, currencies such as Slerf, Rats, and Sats have all experienced a sharp decline.
This stability of Bome is good for retail investors, but not for the market makers. From the perspective of the chip structure, Bome is not particularly good, but it does not mean that it has no potential for growth. Once large funds enter the market, Bome may still usher in a surge.
2. ABOUT
Olanrewaju pointed out that in December this year, Sui ($SUI) will usher in a token unlock of up to $210 million. From a technical perspective, Sui is currently priced at $3.5 and has stood above the 20-day and 50-day exponential moving averages (EMA), which is generally regarded as a bullish signal.
Under favorable market conditions, Sui is expected to climb to $4.40 in December. However, if there is huge selling pressure or market events, it may also pull back, and the support level worth paying attention to is $2.38.
3. ORDI
The name of the pioneer lays the foundation. As the first BRC-20 token, ORDI is extremely valuable in terms of both historical status and market recognition. Its market value and trading volume are already worthy of the name Dragon One.
Given the current market sentiment, Bitcoin is approaching $100,000, and altcoins are generally experiencing an explosion. ORDI can be added to the watch list first. The buying point for ORDI that is really worth gambling has not yet arrived, so you can only pay attention to it first. If you prefer steady investment, Ordi is a good choice that is optimistic in the long run.
4. WHAT
Su Bai speculates that KAS may be officially listed on the exchange next month. He is optimistic about the continued purchase of KAS, but it may have to wait until the next round of the bull market to take effect. There is still room for upward movement. As the overall market bullish sentiment increases, KAS is expected to emerge from consolidation and usher in an upward trend.
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