Bitcoin has been rising for more than 10 days before it has a slightly correct correction.
If it is a complete upward trend, from a time perspective, it is only at the starting point now.
It has fallen 2,500 points from 69,500 points, but so what?
It has rebounded 10,000 points from the bottom of the last round. A rebound of 10,000 points has brought about an adjustment of 2,000 to 3,000 points. Isn't that normal?
In the final analysis, this market does not need endless pull-ups, but orderly rises. Endless pull-ups bring about long-term helpless lock-ups. A mature trading market is definitely an organic combination of data and volume. The adjustment of Bitcoin after this round of halving has reached the highest adjustment after the historical halving. In addition to following the upward trend cycle, there is no longer enough short-selling power to allow it to smash the market by more than 30% in a short period of time.
The overall macroeconomic situation is relatively stable at present. We just need to wait for the US election to end next month. It is expected that there will be a new wave of high-rise market after a brief adjustment before that. Judging from the indicators and the situation on the chain, the bull market process is still early, and we still have many opportunities.
In terms of cottages, the current market is still dominated by memes. It can be said that the combination of AI and memes is definitely the hottest track at this stage.
In terms of mainstream cottages, the public chains have performed very well, especially sol has a strong rebound. The sol/btc exchange rate trend is almost a dry land onion, and apt hnt tron kas are all strong rebounds.
Uni also rose rapidly because of upbit, and Binance's listing of cat also caused cat to soar by 60%. This may be the meme that Binance is going to promote the bnb chain.
In addition, Binance's new launchpool may be coming today or tomorrow. Everyone should pay attention to bnb.
The test of the big bull market is not only the rise and fall of the market, but also the test of our mentality. In the face of account changes, we must remain rational. Next, I will announce some potential coins that have not yet been launched in the internal library! Observe the main thing, and you will plan the entire bull market. It is better to grasp it than to guess blindly!
