$BTC has confirmed the uptrend, is there still an opportunity for everyone to miss the wave?
After continuous capital inflow into top coins like ETH, BNB, SOL, BTC has officially entered the price push phase (E wickoff phase) according to the confirmation session on October 11, 2024 (yesterday). So after these wave bottom areas, should we fomo buy to avoid missing the sprint of BTC like in the cycles of 2-2024, 9-2023?
As we can see, in the cycle of September 2023, after BTC confirmed a break above the 32k area, BTC re-accumulated for more than 2 months before continuing into the next sprint. So in the current cycle, will BTC repeat the scenario like in the cycle of September 2023? If so, should we be afraid of missing the opportunity?
In any price push cycle of BTC, there are always profit-taking areas from individual organizations, from which, depending on the supply released, short-term adjustments will occur, creating short or long re-accumulation zones to continue rising at the wave bottom.
Because at the current stage BTC has only confirmed at the wave bottom, so there are still extremely many opportunities for BTC to break up to the 82-83k area, but there will certainly be adjustment areas returning to lower price zones. Therefore, we should not fomo at this stage but need to manage risks to avoid short-term adjustments rather than fomo buy.
As for specific entry points, I will mention them after BTC completes the pattern.
Currently, if you hold spot positions, feel free to hold long-term and should not take profits at this stage because we are just at the beginning of the cycle. As for altcoins, I have mentioned the buying mindset on my personal page!