Since Bitcoin broke through 73,000, the market has been anxious and confused:
Will Bitcoin fall sharply again? Bitcoin has risen to 93,000. Is the bull market over? Will Bitcoin have a big correction next? Will altcoins fall sharply next? Should I liquidate my altcoins? Is there no hope for altcoins and no bull market?
All kinds of doubts and anxieties are flooding the market. People are anxious when the market falls. Retail investors originally thought that their anxiety would disappear when the market rises, but unexpectedly, their anxiety becomes even greater. Why? Because before the market rises, they cannot judge that the market will rise, so they miss out. When they see the market rise, they hope it will fall.
The copycat market will only last for a few days, for example, eig has risen to 3.3 and is now 2.4. It is better to stay away from copycat markets. They are difficult to play with. The market is big, and if you don’t sell when the market goes up, you may lose money if you go back.
The rest is the most popular and most serious PVP market: meme. Here, there are few people who make money and many who lose money. In the meme market, those who can make money are either extremely smart or stupid. The consensus of stupid people is the consensus.
Yesterday, because of the market heat, I also posted a lot of memes, and made money by participating in five or six of them.
I don't know if it was the end of the trading day. The atmosphere was really strong. Of course, I usually get out after making a few dozen points, and the local dogs don't play much, so don't think I'm rich. I also got some good news yesterday. Except for one misjudgment, I still made money overall. The market is good and there are many opportunities, so there's no point in being anxious.
$FLAKES
FLOKI itself is an active copycat in the MEME sector. In the past week, FLOKI's on-chain activities have increased significantly. The number of new addresses increased by 331.93%
This will increase the popularity and visibility of FLOKI. The project owner has always been doing things and the trend is good. FLOKI still has high expectations.
WIF
Dogwifhat (WIF) has shown strong upward momentum this week. Based on this price action, the consensus is that WIF will break through the current resistance level. Technical analysis suggests that a break above this level could lead to further gains for WIF, even reaching $5. Current technical indicators suggest that there is still potential for the price to rise, and investors are watching these levels closely, expecting further gains.
As WIF gains more and more attention, setting a new all-time high (ATH) seems to be just around the corner. If market conditions remain favorable, Dogwifhat may break through the current resistance level and continue to rise. Investors should pay attention to the overall trend of the market as well as technical indicators to assess its future potential. If Dogwifhat can continue to perform well in 2024, there may be more room for growth in the future.
TREES
BOME's recent price surge has attracted a lot of attention. It has successfully broken out of the descending triangle pattern that had been stagnant for a month, breaking through the trend reversal zone between $0.0076 and $0.0080, showing a clear bullish signal. This shows that market sentiment is shifting and BOME may usher in new upward momentum. Although a potential double bottom pattern is currently forming and there may be some minor pullbacks in the short term, the overall trend remains positive.
As the altcoin season arrives, BOME is seen as a project with great potential. BOME has also seen a steady increase in adoption, and it was recently added to PengyOS, which has brought it more exposure and recognition. Since the Bitcoin ETF has absorbed more Bitcoin than mining can produce, meme coins like BOME have great potential for gains. With the fourth quarter of 2024 approaching, now may be the best time to consider investing in BOME, and missing this opportunity may bring regrets.
