Bitcoin has recovered its lost ground, and judging from the trend of the big cake, it is still relatively strong. Yesterday, the lowest point fell back to 66666, touching the upward trend line, and then quickly rose in the early trading. Bitcoin (BTC) briefly touched the $68,000 mark today, arousing the excitement of investors.
This week, the classic scenario was played out again: Bitcoin rose, but the altcoins did not; Bitcoin fell, and the altcoins followed suit.
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 liquidity is very limited. Once the price of Bitcoin rises, the capital flow will converge in its direction, and the altcoins will naturally encounter the situation of "bloodsucking". When Bitcoin enters the 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 US 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 world will be strong; if Bitcoin is weak, the cryptocurrency world will be weak.
I think the funds in the altcoins 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 strongly, while the altcoins have a large pullback.
Ten-fold potential investment during the altcoin crash!
YOURSELF
The upcoming US presidential election and the possibility of Donald Trump winning has made MAGA one of the hottest cryptocurrencies today. With only 20 days until the election and Trump leading in the polls, MAGA and related altcoins are indeed gaining a lot of attention.
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
Neuro
It is definitely the next big bull coin, with Binance's strong market maker + Shib's original team and organization. The K-line can be deceiving, but the trading volume will not be deceiving. It is second only to the two meme leaders of this round, pepe and wif.
The above are the coins that I think are worth investing in. If you also have specific coin recommendations, you can bring them later. If you don’t know where to get on or off the bus, you can contact me and we can do it together.
