Bitcoin nearly dipped below 90,000 this morning, and various groups began shouting 'the market is crashing, run!' Many family members have privately asked if the bull market is about to end and how things will go from here.
The current adjustment of Bitcoin is inevitable; on one hand, it digests the profit-taking from the 66835-99588 range, making it easier to pull up the market. On the other hand, during the holidays, institutions distribute bonuses, and retail investors need funds for the New Year, leading to capital outflow from the crypto market and a market correction. The next strong support level for Bitcoin is at 88,000, and it may fall to this position, then oscillate for a while before continuing to rise.
Bitcoin is down, which is most beneficial for altcoins at this time.
According to historical patterns, every time after a halving, the altcoin season begins 7 months later, and Bitcoin's dominance starts to collapse. This halving occurred in April, so 7 months later will be November-December, when altcoins will rise sharply and violently but also quickly. Many family members who missed the opportunity have not laid out plans in advance and can only chase at the peak, so after selecting quality assets, we must hold on!
After Bitcoin's market cap ratio to altcoins reached a new high of 61% in recent years, it touched the weekly resistance level from previous years and is currently retreating as expected. With the increasing size of the altcoin market, Bitcoin's market cap ratio is diluted cyclically, which I believe is an inevitable trend.
The current Bitcoin market cap ratio has reached its peak. Macroscopically, as the probability of interest rate cuts in December increases, the greenhouse effect of capital in the crypto market will become more evident, so I believe December will be the real explosion month for altcoins. At that time, sectors like MEME, RWA, and blockchain games will fully enter a new explosion phase.
Assets that can be bought later:
BTC: The U.S. will treat Bitcoin as a strategic reserve, and a large amount of capital is about to flow in. At least allocate 20%-25%.
UNI: The public chain will be launched later this year, and node operators will need to stake UNI, which will be used as gas for the public chain.
BNB: Binance will continue to promote new benefits, and the entire Binance is working for BNB.
STX: Mainnet upgrade completed, long-term target of $3.
CHR, long-term target $1, various ecosystems are under development, focusing on gaming public chains, comparable to IMX.
FTM, the project team is strong, the target of $1.1 has been reached, can take out 20% first, and the next target is $1.3.
DODO, a decentralized trading platform, is about to launch a public chain.
DOT is set for a 2.0 upgrade, with speculative expectations, and a separate public chain will be launched next year. The target is $11.
