Last night, Bitcoin nearly destroyed the altcoins with two sharp dips.
The short-term market volatility is increasing, and Bitcoin is still maintaining a fluctuating pattern.
The estimated turning point is around the 30th of this month (next Wednesday) to around November 2nd.
Although Bitcoin is fluctuating at the moment, there are still signs of it draining the altcoins. Could this be a buildup of strength for a strong breakout in the future?
After Friday's sharp dip on the daily chart, the weekend saw altcoins mainly rebounding.
In the next couple of days, let's pay more attention to the newly launched meme coins. Yesterday, $Moodeng surged nearly 60% after its launch, and today $goat also started to rebound. The election hot topic $PEOPLE has also started to show some strength in recent days.
Looking forward to the weekly close to give us an answer!
