✅️ Market Review and Analysis November 22, Friday, Good Afternoon Brothers!
There is no doubt about it, the bull market is coming, altcoins are about to explode, and they are already showing signs of prominence!
Bitcoin is about to enter an epic moment, with the current market price of BTC around 99,000, just a little over 1 point away from the long-awaited $100,000, which is not a dream. This is a trend, and it's inevitable; after $100,000, Bitcoin will enter a new milestone!
Currently, more attention is on the second coin ETH, which finally had a breakout yesterday, starting to show an upward trend and driving all altcoins to rise, especially with the second layer sector dominating the gains, such as Op Arb, etc. Ethereum's three key targets
3440/3630/3970 have stabilized, and altcoins are rebounding in comparison, the trend has been established. Without any significant black swan events, a new round of the bull market has been sounded, which is also in line with expected developments!
✅️ Spot Market
In the spot market, the focus should be on sector rotation, especially for players with smaller capital who want to flip positions quickly; every operation is crucial, and during a general rise, there will definitely be strong sectors!
Yuge has emphasized the second layer sector multiple times in the community these past few days. The rise of Ethereum will certainly be driven by the second layer, but sector rotation can happen quickly, so make sure to seize the opportunity. Currently, the hot funds are still mainly focused on the second layer!
Important Sectors
1⃣ Second Layer Sector
2⃣ Meme Sector
3⃣ Chain Oil Sector
4⃣ Sol Ecosystem
5⃣ Artificial Intelligence
6⃣ Old Mainstream