The market competition is fierce. What will the future be like after consolidating at a high level?
After hitting a high of $99,600 on November 26, Bitcoin fell by more than 8% on the 27th, once falling to around $90,800. As of December 3, the price of Bitcoin rebounded to around $96,000, but the fluctuations were relatively violent.
Bitcoin is just one step away from the $100,000 mark, which means the market is facing a critical technical breakthrough point. This historic price is not only an important psychological level, but also a turning point for further price increases.
For market participants who have been optimizing their portfolios over the past few years, this bull run has been somewhat “stingy.” Many newer tokens have performed poorly, while established coins like XRP, ADA, DOT, and ATOM have achieved impressive returns.
But will this end the alt season early? BTC has risen, memes have risen, Ethereum alts are also catching up, and now the old unpopular coins are also starting to rise sharply. Is this the last round?
Compared with the past, this round of cycle has more vc altcoins and meme coins. The counterattack of old coins does indicate market risks to a certain extent. The wind comes quickly and may go away quickly.
But when will the market end? It is hard to say. It will require obvious negative news or a general contract squeeze. For some old currencies with large short-term gains, you can consider reducing your positions and lock in profits.
In every bull market, everyone wants to buy at the bottom, but they fail to keep up with the bottom every time. The most hateful thing is that they buy halfway up the mountain and are always worried about a market correction. Once the market corrects, they will be deeply trapped in it. This is the most embarrassing. The metaverse, the second-layer staking, the old public chain, defi, and today's RWA sector are all rising. The only sector that has not risen sharply is the AI sector. If we wait until these sectors have risen, should the market go sideways? How can it rise all the time? Only ups and downs are in line with market expectations. The market will definitely correct in the second half of the month. It is impossible for it to rise all the time. Just don't be fomo'd by this kind of rise.
If Bitcoin drops a little, MEME coins will drop as a whole, and the spring of VC coins will come.
Therefore, when Bitcoin fell back several times and everyone started to panic, I would always ask everyone to stay calm. Those who can stay calm at this time have basically won the hearts of 80% of retail investors. Dog dealers have indeed done it now. Bitcoin and meme fell, but VCs rose instead. However, it is estimated that they started to pull the market after many retail investors were scared and got off the train.
Mainstream VC and old-line copycats have seen huge gains recently, with 100% monthly gains being the lowest, and dash has doubled in just a few days.
The RWA sector also exploded today, taking over the last baton, with a daily increase of more than 40%.