Although Bitcoin did not fall much in last night's pullback, the altcoins returned to their original position. However, this pullback also allowed us to see some strong meme coins, such as pnut, neiro, act, pepe, wif, etc. Some of them reached new highs, and some made a V-reversal.
The ultimate bull market correction? Now is the golden time to invest!
After yesterday's retracement, the market's funding rate has also dropped a bit. A healthy rise is definitely not a continuous rise, so it is necessary to clear the leverage after a retracement! Don't chase the rise and sell the fall, a big retracement is a good time to open a position! Don't wait for it to rise again, and then you will be tempted to buy in, because it may be another stage high point!
The CPI data for October will be released at 9:30 tonight. You can pay attention to it then.
Tonight's data is favorable, you can reduce your position, be careful of being fooled, try not to use leverage, and those who open contracts must remember to set stop-profit and stop-loss!!!
I suggest that you abandon the operating habits of the previous 8 months of shocks and washes, and now follow the trend to integrate into the bull market operating environment. Winning the election is only the first step, taking office is the second step, and accepting the promise is the third step. In addition, the official start of the interest rate cut cycle means that this position is definitely not the top, otherwise why are those institutions still buying frantically? Never try to gamble on those limited callback profits in a one-sided market, otherwise you will be trapped again and again, and in the end, the prosperity of the entire cryptocurrency circle may have nothing to do with you. Finally, I emphasize that you must hold the spot spot! ! !
For Dogecoin
There is indeed a lot of controversy in the market about DOGE. Here I will explain my logic.
1. First of all, Trump has appointed Musk to establish the "Department of Government Efficiency" (DOGE). This has a high ceiling. With two heavyweights on the platform, it will be even better if Musk continues to empower him in the future.
2. Secondly, we can combine the recent high intensity of new memes in a short period of time with the recent launch of a certain security, which reminds me of the crazy launch of DeFi by major exchanges in the early stage of the bull market in 2020. In fact, the most important sector in this round of bull market that carries the task of attracting new users is meme. AI/Internet celebrities/politics/TG, etc. + meme combination is a large sector, which brings in new players + funds from outside the circle.
What is a bull market?
The cycle of each bull market is well documented. When you are not sure when the bull market will begin, you always feel that it will fall. If you don't take it seriously, the bull market is already on the way. Due to the oversupply of copycats in this round, when the bull market comes, not all the copycats you hold will rise. On the contrary, they will fall sharply.
The market is so good recently, and I have made a lot of money following the community, and I have made a direct profit! If you want to make a choice with me, just believe me! Some friends asked me if I have any recommendations, but if I really recommend them to you and you don’t buy them, what’s the point? Share your recent performance!!!
