On December 18, Bitcoin BTC continued to hit new highs, but the situation of altcoins was not good. Most of the funds flowed into Bitcoin, and there was not enough money left to pull up altcoins. Bitcoin has been hitting new highs, and those big funds are worried that it will pull back and bring down the entire market, so they dare not easily pull up altcoins. In the last round, many altcoins doubled from the bottom, and now they have to pull back to wash out the previously profitable positions and change hands.
When will altcoins start to rise? From past experience, when Bitcoin rises to a new high, altcoins will not rise with it. We have to wait until Bitcoin falls back from a high level and can go sideways for more than seven days. Moreover, altcoins have started to fall back and change hands since December 7th, and it has been 10 days now. We still have to wait for about two more weeks. It is not yet time for it to rise.
Key point: At 3 a.m. tomorrow, the Federal Reserve will announce its interest rate decision and a summary of economic expectations. If there are no unexpected circumstances, the interest rate can be lowered smoothly in December, and a signal of a possible interest rate cut next year is released, then the price of Bitcoin will be stable.
The market is starting to go bullish, and the pullback of the four major mainstream coins with a price increase of 50-100 times is an opportunity to buy at the bottom!
LTC
It is one of the few mining coins that have survived and can still be mined and earn money. It has gone through multiple rounds of bull markets. It has no practical use, but it is precisely because of this that it has financial attributes. I dare to assert that ETFs will definitely have a place in the future.
At present, it is still breaking through the range of the wash-out shock structure. The previous daily lines have repeatedly suggested that if you have nothing to choose at the moment, choose LTC. This bull market should have 2-3 times of space. The support below is around 110-100-90, and the short-term pressure above is around 144.
As I said before, old coins are immortal. After so many rounds of bull and bear markets, they are still listed on the exchange rankings. They have a large number of fans and value advocates. Therefore, in this round of bull market, a large part of the traditional capital entering will choose old coins for operation.
ACT
From a macro perspective, ACT has experienced three rounds of declines since its launch. The current overall structure has formed a triple bottom accumulation state with a high bottom. When it touched the large-scale upward trend line for the second time, it rebounded quickly, which shows the strong buying power below.
Moreover, from the perspective of the banker, if they just keep "killing the chicken to get the eggs" and continue the plunge, although they can make short-term profits, it will definitely not be beneficial for the later harvest. After all, it is still a long way to go before a bear market.
There is also Ai+MeMe narrative, which is indeed a hot topic! The point that everyone is most concerned about is that I suggest entering the market in batches at 0.35. Remember to enter in batches, and just take it in the medium and long term!
DOT
I see you are all talking about DOT recently. It almost broke the previous high of 12u last month. It has been adjusting back and some people can't hold it anymore. The current price is in the 8-9u accumulation and consolidation stage. DOT rose to a minimum of 3.3 and then it almost quadrupled in one and a half months. Is it normal to adjust back and accumulate? No coin will continue to rise. It is healthiest to have a wash. I expect that the compensatory rise mode will start at the end of December, and a new round of rise will start in January, because the amount of funds is constantly increasing and the heat is constantly rising.
It is expected to rise to around 20-25u in January. Take the spot, forget the price, and wait for the cycle to come. There are still a few months to go, so wait patiently.
