Recommended coin for November 25: ordi.
Without using professional terms, let’s explain the Bitcoin ecosystem in plain language: the first token is Ordi.
1. Ordi has an inherent advantage in narrative capability, and the funds from BTC will spill over to the first token, Ordi. When buying coins, we must understand the underlying logic and support.
The zoo is akin to the celebrity effect.
The inscription track is where the funds flowing from Bitcoin into the big cake must be inscriptions.
2. Although the inscription track will not have the same grandeur as last year, one can observe that Bitcoin first reached over $90,000, and then various mainstream coins began to break new highs. This is a clear indication of sector rotation.
But when the inscription track will rally is definitely within the next month, after the mainstream coins' funds escape their peak around Christmas, trapping a batch of people, and then entering the inscription track.
Currently, the inscription has seen historical gains since being listed on Binance in November 2023, then consolidated for a year. The $96 Ordi has trapped many people, and a year of washing has removed a large portion of uncertain holders.
The K-line bottomed at $20 in August 2024 and then rebounded to $40, with a support level at $30 and a resistance level at $42.
3. Referencing the support level at $30 and resistance level at $42, this range allows for phased entry.
Focus on the support level and the movements of Bitcoin and mainstream coins, enter in batches, and patiently wait for the rotation opportunity in the inscription sector.
