Recently, the discussion about when the alt season will begin has been growing louder in the cryptocurrency community. Based on the current market sentiment and multiple signs, the alt season is likely to kick off within this month.
1. Let’s look at Bitcoin first. Its market value has shown a clear downward trend, which is a key signal for the arrival of the altcoin season. At the same time, market liquidity may rebound significantly due to the potential interest rate cut in December. The synergy of the two has created an excellent breeding ground for the rise of altcoins.
2. Ethereum has been performing strongly in recent months. While Bitcoin continued to fall at the H1 level, Ethereum repeatedly bucked the trend. Although the single increase is not extremely dazzling, the enthusiasm of retail investors for altcoins behind it is highly consistent with the market enthusiasm on the eve of the 2021 altcoin season, as if the prelude of history is playing again.
Facing this trend, investors can make arrangements from the following points:
● Waiting is the art of crypto investment. Market opportunities are like stars, which need to be captured by patiently waiting in the quiet night sky. When the trend is clear and well prepared, the profits will bloom in your account like flowers.
● The entry timing is like an accurate navigation compass, which is indispensable. Investors need to keep a close eye on market dynamics and use keen insight to capture the best entry opportunity, so as to ride the wave of investment.
● Stop loss line is a safety shield during the investment journey. Reasonable stop loss setting can not only protect the harbor of principal when the storm comes, but also ensure timely turning in adverse situations to avoid being stuck in the quagmire.
● Mindset is like a beacon, illuminating the long journey of investment. After setting a stop loss, investors can calmly deal with market ups and downs, keep their minds steady in the midst of uncertainty, and sleep peacefully every night.
In short, the cottage season is quietly approaching around the corner. Investors should closely monitor the market pulse, carefully prepare entry strategies, control risks with reasonable stop losses, and welcome the infinite possibilities of the cottage season with a calm mind.
BTC
Yesterday, Bitcoin successfully broke through the H1 long-short watershed of 94800, and the H1 structure collapsed. The positions built at the bottom have continued to make profits. When it falls back to the 94800-94000 range, you can focus on the opportunity to buy. Here, you should adhere to the wisdom of "following the trend". If 94800 is broken, you should decisively turn to long, and then follow up with a reverse retracement. This strategy is far better than blindly resisting and doubles the efficiency. The upper target is 98200-98800, and you need to pay close attention to the resistance in this area.
ETH
Yesterday, Ethereum successfully broke through 3460, demonstrating strong rebound potential, and bottom positions continued to make profits. However, whether investors can hold on to their positions is a deep test of their position strategies. For example, if the price is set to 3460, whether to distribute is determined based on whether there is a small-level structural damage in M5. If it does not happen, the position strategy is still stable and can be continued to hold in the hope of a higher target. The current previous high of 3550 has been broken, and the price can focus on the buying point of accumulation when it falls back to the 3520-3470 range. If it does not fall below this range, there is still a high point near 3730 above; if it falls below, it can be flexibly responded to according to the idea of "adjusting with the trend".
SUN
Yesterday, SOL successfully broke through the 237-239 range, and the H1 structure was destroyed. When it falls back, you can pay attention to the buying opportunities in the 230-223 range, with the upper target of 251-256. It is expected to fluctuate in the 230-223 range.
