Bitcoin's rising channel reopens, and market sentiment has not yet been fully mobilized

After Bitcoin's rising channel reopens, the upward trend is expected to continue. However, since market sentiment has not yet been fully mobilized, the market's rise may proceed in a two-step-forward-one-step-back manner.

In terms of altcoins, Meme tokens are still the mainstream

At present, PEPE has become the leader this year and is expected to move out of a pattern similar to that of Dogecoin and Shiba Inu before. Therefore, PEPE deserves special attention. In addition, tokens such as People are also worthy of attention, especially during the US election, when the symbol of people's rights may trigger FOMO (Fear of Missing Out) in the market.

The market bottom is basically confirmed, but the violent bull market has not yet arrived

At present, the level of $60,000 can basically be regarded as the bottom of this stage, and it has been supported many times. The overall market is unlikely to be worse than the previous period, but the conditions for a violent bull market are not yet mature, and it will take time for new highs to appear. Therefore, it is recommended that everyone remain patient and continue to observe market trends.