🪙Market trend update on December 2 🪙
✅BTC closed the week with a long red candle wick indicating that buyers are still in strong control. Similar to yesterday's assessment, BTC will continue to grow, but the resistance at 99k needs to be broken for the upward trend to be clearer.
More positively, BTC.D continues to decrease significantly at 56%. If DOM drops to 50%, altcoins will have a problem. At this point, everyone has already doubled or tripled their profits, just keep going.
Main networks: ETH, RWA, L1, L2 will continue to be pumped.
⭐️Pay attention to these ETH-based coins: $EIGEN, $ETC, $ETHW, $ETHFI, $LDO, $STRK... if there’s a correction, just buy more. These coins are very reliable, no need to worry.
$XRP surpasses $SOL to become the 4th largest token in the market.
- $XRP is aiming to enter the top 3 largest tokens in the market.
- $XRP has strong support from the U.S. government to act as a Stablecoin.
- After $SOL and $SUI, $XRP is currently the most actively pumped token. (Then it will be TON, okay guys?)
I have a few scenarios in mind!
They seem quite reasonable, you guys can refer to them.
1. Now BTC has been under 100k for a week, what do you think Altcoin will do? 🤠 I still have faith that it will continue to soar.
2. If BTC drops significantly, then Altcoins will drop as well and will rebound strongly when BTC rises again (they are in agreement with each other).
3. If BTC breaks 100k, then Altcoins will double or triple in the next few days.
=>=> If BTC rises, everyone should heavily invest in ALT and Meme.
=>=> If ETH rises, just heavily invest in the mentioned coins.
=>=> If both are decreasing, then buy SUI & TON.
For those who have doubled, tripled, quintupled, or decupled from October to November, cash out your principal and keep a little profit, then distribute it across 4-5 coins to hold.
The cash flow will circulate through each network; your job is to hold your assets tightly and not jump around too much. 👍
If anything interesting comes up, Phat will update as quickly as possible 🫶
