April 21, 2024 Grandpa checks in
The market continues to rebound. Judging from the trend of Bitcoin, the daily level is still on the rise, but other coins are a little weak today. If you have been buying the dips a lot in the past few days, you can consider selling some first. According to the previous logic, the coins that followed the market's plunge will definitely take more than a few days to recover. There will be a shock process in the near future to further digest the plunge, and at the same time, wash the chips that bought the dips, in preparation for further pull-ups. The next key still depends on the trend of Bitcoin, since the upward trend has not stopped.
It is also worth noting that BNB has once again broken through $600, bringing more confidence to this wave of market. The early shadow of BN being manipulated by the SEC and other US institutions seems to have dissipated, and the participation of BNB must include large institutions and capital, so this wave of repair can also be regarded as an overall optimism for the next market. Although I have been reminding of the big risk before, that is, the risk of a market turn, from the trend of the big cake, the support force is very strong, so we will deal with it as a wide range of fluctuations, and a sharp drop is a good buying opportunity.
Recently, the Runes protocol of Bitcoin was launched. The grand occasion of playing runes with high gas cost has injected new vitality into the ecology of Bitcoin. There is no doubt that the main narrative route this year is the gameplay of the Bitcoin ecology. The explosion of Brc20 this year has made everyone realize that the ecology of Bitcoin is still blank, so more and more projects and funds have gathered, all wanting to dig gold in this blue ocean field. If new gameplay and more stories of getting rich quickly appear in the Bitcoin ecology, it will attract more retail players to enter the market, which is also the biggest imagination of the continuation of the bull market.
In the following market, as long as the market can stabilize without fomo, it means that mainstream funds have not withdrawn, and it is difficult for Bitcoin to plummet more sharply. Even for Ethereum, don’t expect too low a price. According to previous versions, the bull market after halving will definitely not come, and it is not that everyone worried that it would come earlier. If it continues to be deeply cleaned through wide fluctuations, we must dare to hold on.
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