Recently, Bitcoin has entered a consolidation state after a false breakout, while altcoins still have opportunities for rotation in the short term. Below is the analysis of the market and specific recommended assets.

Bitcoin: Range oscillation after false breakout

Yesterday, Bitcoin exhibited obvious false breakout characteristics in the short term. Although it briefly fell below the key support level ($95,500), it did not form an effective entity decline. After some oscillation, Bitcoin returned to the $95,000-$98,000 range.

From a medium-term trend perspective, Bitcoin has a high probability of breaking through $100,000 in December. Historical data shows that Bitcoin's performance in December during a bull market usually exceeds the gains of the previous month, consistent with the market structure of this cycle.

Short-term Operation Suggestions:

  • Buy low around $95,000.

  • If Bitcoin breaks above $98,000, it will quickly challenge the $100,000 mark.

  • If there is a pullback, continue to monitor $90,000 as an important support level.

Bitcoin's current consolidation state provides short-term performance opportunities for altcoins.

Recommended Logic:

  • Chip accumulation and smart contract updates: CKB will soon launch its smart contract module, enhancing the network's functionality and attractiveness.

  • Stagnation features: Since November 5, CKB's increase has lagged behind Bitcoin, with only about 30%, showing clear potential for catch-up.

Yesterday's Performance:

  • Recommended Price: $0.0158

  • Today's Price: $0.0173

Suggestions:
The current price level has risen slightly, short-term operations can take some profits and observe future trends.

Recently, the RWA (Real Asset Tokenization) track has continued to attract market attention, with Ondo being a highlight.

Ondo: Short-term surge of 6 times in performance

Ondo has achieved a 6-fold increase in the short term due to high attention on the RWA track and favorable market conditions. However, as the risk of chasing highs increases, market focus is gradually shifting to other undervalued assets.

Recommended Logic:

  • Low Market Cap, High Potential: Trove currently has a market cap of only $180 million and is in a fully circulating state.

  • Significant Capital Inflow: Trading volume has gradually increased over the past few days, indicating heightened capital interest.

Today's Performance:

  • Recommended Price: $0.03

  • Current Performance: Short-term increase of 10% within 15-20 minutes, but there has been a slight pullback.

Suggestions:

Can gradually enter when it pulls back to around $0.03, with stop-loss set below the key support level.

Market Sector Rotation and Investment Strategy

With Bitcoin's fluctuation, the altcoin sector welcomes rotation opportunities, but the duration is short; the following strategies should be noted:

  1. Avoid chasing highs: For coins that have already skyrocketed and lack support structures, such as Ripple (XRP), it is not advisable to chase the highs.

  2. Focus on stagnating and fundamentally sound assets: Select projects with unmet demand for price increases, noticeable capital movements, or favorable fundamentals.

  3. Utilize platforms to share opportunities: If selecting quality assets is challenging, you can join communities to obtain first-hand information and recommendations.

Summary and Outlook

Bitcoin's short-term oscillation creates performance space for other projects, but be wary of the accelerating speed of sector rotation and high-level adjustment risks. By reasonably allocating positions and selecting stagnating assets, investors are expected to seize more opportunities in this round of market.