It's a loss, it's a loss, the altcoins are losing.
When the market goes up, they go down; when the market goes down, they plummet. 80% in Bitcoin, 10% in Ethereum, and about 20 altcoins at 10%. The altcoins are about to be halved recently. But it's not all bad; the market funds prove that the bull market is still early, and the big explosion is yet to come. Human greed and funds have not yet entered the altcoins.
With the interest rate cut in December, the positive news has turned into negative news. Looking at the bigger cycle, it's just a retracement of a big bull market. Technically, we are looking at daily adjustments around the 97000 and 92000 positions.
Every year, the Christmas market is not good. Foreigners are not like us; they are poor, have no savings, and sell coins for the holidays. Next, we will see the very reliable narrative on January 20. The hype is all about this narrative; it better not materialize or get verified. Therefore, altcoins that surge in the short term should be decisively reduced or cleared out. Although this is a brief retracement for the big bull market, once the altcoins surge and then retrace, it could lead to a halving or significant correction, requiring a long time for adjustment and reorganization. It’s better to clear them out.
Once the market's daily line adjusts properly, we can pay attention to entering next year's ETF wave-related coins: LTC, HBAR, SOL, XRP.
Additionally, keep an eye on potential coins.
Recently, I plan to set up a potential coin that is ready to explode; doubling is quite simple. I am also preparing to find some potential coins to hold until the end of the year, with an expected growth of over 10 times being completely feasible. If you want to keep up, follow my updates, leave a message, and like, [Jin. Qun]