Bitcoin is welcoming a new round of explosion this month, today (23) it surged to $99,588, just less than $500 away from the target of $100,000.
Today's market fear and greed index is 93.
Bitcoin at this position is basically pushed by institutions, at this position it has already squeezed countless shorts, appropriate adjustments and corrections also provide opportunities for small investors to get in. The second place will start to surge at 8 PM on the 21st, and some high-quality projects in its ecosystem will also immediately follow suit after an hour, basically forming a bottom with a 20% increase, including Ripple and Dogecoin which have already shown obvious signs of improvement.
The current advice is still to wait for Bitcoin to correct before looking for entry opportunities in altcoins. It is definitely not appropriate to chase the highs now. Today's BTC market analysis shows that, based on the K-line, the 1-hour level is down, the 4-hour level is weakly sideways, the 12-hour level is up, and the daily level is up, with an intraday resistance level at $100,000 and a support level at $97,000.
Ethereum has shown some improvement, when will the altcoin season finally arrive?
In the fourth quarter of last year, inscriptions, mainstream, AI, after the year AI, MEME, inscriptions cooled off, mainstream was average. In the fourth quarter of this year, during the real altcoin season, the strongest MEME coins and altcoins are likely to show the following characteristics like DOGE and XLM:
1. After getting off halfway, the chance to get back on becomes increasingly difficult.
2. The rising pace is rapid, directly ignoring the resistance level of the previous high.
3. In just a few days, it has achieved growth that ordinary coins would take months to complete.
4. Even holding spot, it is difficult to bear the psychological pressure brought by volatility.
So, did you miss out on this round of increases? Missed the rise, heavily invested in the drop, feeling anxious, right?
In such a good market, just remember, the strong will always be strong. In this great bull market, with the right selection of targets, you cannot lose.
If you are still losing, have you reviewed your trades thoroughly? Whether in a bull market or bear market, losing patience makes one prone to mistakes. Not reviewing means you will fall again.
Sectors rotate, the market can move dozens of points at any time, shouldn't it be time for your coin to shine?
Yesterday it skyrocketed, this morning XLM and ADA led another surge, just as SHIB took the lead, DOGE is also rising again after a few days of rest. Yesterday, I suggested switching to the meme sector, and today Dogecoin has taken off, so some coins should be switched accordingly, following the hot coins will definitely yield profits.
A correction in a bull market is an opportunity. If you are very optimistic about a sector or a coin, if you miss it, don't wait until it surges to FOMO buy, and don’t hesitate to buy when it corrects. If you can achieve the above two points, you will have graduated from the low-level retail investor status. Is it difficult? Not really! Is it difficult? The difficult part is human nature.
Finally, I recommend a few targets you can buy:
Bitcoin: The US is going to treat Bitcoin as a strategic reserve, and a large amount of funds is about to flow in. At least allocate 20%-25%.
UNI: The public chain will go live later this year, and node operators will need to stake UNI, which will be used as gas for the public chain.
BNB: Binance will continue to launch new benefits, the whole Binance is working for BNB. STX: Mainnet upgrade completed, long-term target sees $3.
CHR, long-term target $1, various ecosystems are developing, focusing on gaming public chains, comparable to IMX.
FTM, the project team is strong, target at $0.9.
STX: Mainnet upgrade completed, long-term target sees $3.
