Bitcoin has recovered its lost ground. From last night to this morning (18th), it tested the $66,600 level several times and quickly moved upward. The buying power this time was too strong and it could not go down at all. At the time of writing, it successfully stood back to $67,921, an increase of 0.65% in the past 24 hours.

This week, the classic script was played out again: when Bitcoin rises, the altcoins do not; when Bitcoin falls, the altcoins follow suit.

The previously popular currencies have begun to cool down in the past few days;

There is no need to be surprised by this trend, because after seven months of torture, we should have learned to accept it.

Now the trend is clear. With the continuous influx of funds from ETFs, Bitcoin is bound to enter a bull market.

The remaining test is the coins in everyone's hands, to see if they have 100% confidence, whether they can hold on to them, and whether they can eliminate interference.

The most important thing to avoid when trading cryptocurrencies is being impatient. It is normal to have no market conditions, and it is also normal to have floating profits and losses. Relax and take it slow. Over time, if you can endure the years that others cannot, you will naturally stand out and become the winner.

Many people are wondering: Why did BTC suddenly take off, while many altcoins fell instead, and some altcoins did not follow the rise. Why is this?

In the cryptocurrency world, the total amount of liquidity is very limited. Once the price of Bitcoin rises, capital flows will converge in its direction, and altcoins will naturally encounter a situation where funds are "sucking blood". When Bitcoin enters a sideways phase, some altcoins will have the opportunity to start the market.

Currently, market expectations for a 25 basis point rate cut at the Federal Reserve’s interest rate meeting on November 7 have reached approximately 93%. Therefore, in November, the most significant impact on the currency circle will be the general election. If Trump wins the election, it will be good for the entire encryption industry, and currency prices will most likely rise sharply.

If Bitcoin is strong, the cryptocurrency industry will be strong; if Bitcoin is weak, the cryptocurrency industry will be weak.

I think the funds in the altcoins also have the same idea. Currently, Bitcoin has encountered resistance at an important pressure level and is faced with a choice of direction. It is normal for altcoin funds to seek safety. This is why we see that Bitcoin is still fluctuating sideways, while the altcoins have a large pullback. However, profits and losses come from the same source. Don’t just see that the altcoins have a large pullback. The rise of the altcoins is also far greater than that of Bitcoin. Therefore, you should plan your altcoins in advance and get on board in advance, so you won’t be afraid of sudden surges.

Neuro

It is definitely the next big bull coin, Binance strong market + Shib original team organization, K line can be deceiving, but trading volume is not, second only to the two meme leaders of this round, pepe and wif. After each surge, it will pull back, consolidate in 4 hours, and before taking off, it will make a false break and then pull up with large volume. Each fluctuation is about 10 points. Friends who do leverage can place orders at the bottom of the box. It has been sideways for 4 days. Personally, I still prefer a surge upward, and the leverage is controlled below 5 times.

RIO

Currently 0.7 USD, RWA track, a coin that foreigners like more, rarely mentioned in the Chinese circle. Recently it has suffered a sharp drop and has been FUDed. The reason is that the community proposed to issue more tokens. But in fact, the additional tokens will not be released in the short term. It will not be unlocked until 2025. The quota is not very high. There is a high suspicion of manipulation by the fud market maker this time. It may be an opportunity. Before fet pulled the fud, it said that the company was fraudulent. Pendle also had a fud in April. Crisis is crisis, but there are opportunities in crisis.

Wif

Musk series, the strongest Sol series meme coin, the third largest meme after doge and shib. 2.63 2.58 long; stop loss 2.53; target 2.7.