Today is November 21, BTC price reached 97549, just one step away from 100,000.
Firstly, personally, although I hope BTC can have a wave of correction, I still remain bullish and long. Once BTC hits a new high, there will often be higher points to follow.
Secondly, there is no need to worry about the lack of follow-up actions after the main task is completed, as it will open up side quests, and a significant surge will come sooner or later, so spot investors need not rush.
Thirdly, from the perspective of prospects, established coins like DOGE, XRP, ADA, and XLM are more likely to go through ETF, although some mention LTC, ETH, TRX, I have doubts due to U.S. factors.
Next are the old MEME coins, and lastly, the leading coins in various sectors that may explode at any time.
On one hand, BTC is hitting a new historical high, the previous consolidation was a strong adjustment, and it is reasonable to continue rising after the consolidation ends. As long as it is above the 5-day moving average, being bullish and long is beyond doubt, hitting a new high means there will still be new high points to follow.
On the other hand, at present, retail investors are somewhat fearful of heights due to the high BTC price, shorting altcoins with its upward momentum, causing altcoins to fail to keep up with BTC's gains, making investors holding altcoins feel somewhat uncomfortable.
However, data monitoring shows that the main force has not unloaded its positions.
So what will happen next, will BTC's decline lead to significant drops in low-priced altcoins, or will BTC’s rise turn into wide fluctuations and prompt low-priced altcoins to catch up?
Clearly, it is more likely to be the latter; just be patient, time will verify everything.
Moreover, altcoins are currently in a weekly-level rising phase, and if we extend the investment cycle, it is still not too late to layout low-priced coins. Follow the public account: Coin Old Say, no need for useless talk.
And harmonious investors should pay attention to the timing of going long when BTC first drops sharply.
BTC's first support level is at 93410, and the second support level is at 88890.
