Bull Market Escape Guide (December 31, 2024)
Uncle Meow has summarized the indicators for escaping the bull market to help everyone avoid being misled by noise.
Summary of Escape Data (Figure 2)
Today continues to oscillate at the bottom, the data is incredibly boring, various peak-seeking indicators are all declining, and mainstream altcoins (like Eth, BNB, Sol, etc.) continue to hover at the bottom, harvesting retail investors. 😭😭
Let's look at the RSI indicator (Figure 3), which can accurately predict market peaks every time; the peak bull market, RSJ can reach above 92. Currently, this indicator is at 75, which means there is still some distance to the 92 peak area.
Looking back at the domestic sentiment, retail investors do not have much confidence in the future bull market peak; those who cannot hold on are getting off the train, and the fervent remarks from influencers are also decreasing, basically presenting two opposing views: bullish and bearish.
The market is really boring. 😅😅 (Feel free to contact Uncle Meow anytime about market issues)
(The specific data changes as of December 31 have been marked in red in Figure 2)
Question: Uncle Meow, which altcoin track is better to choose right now?
Answer: It's recommended to focus on the AI sector. Although leading AI projects like AI16z and VIRTUAL ZEREBRO have performed very well recently, there are currently no leading on-chain AI projects launched on BN, so the enthusiasm for this sector has not yet peaked, and low-market-cap, high-quality on-chain AI projects still have potential.
