The Bitcoin market retraced last night, dropping below 96,000, which raised concerns among many friends, leading to frequent operations chasing highs and cutting losses, worrying about a major drop.
However, from the on-chain data, the current trend is still favorable, with Bitcoin continuously flowing out of exchanges. From the 19th to the 25th, over 12,000 Bitcoins have flowed out of just BN, indicating that large capital is still accumulating.
In terms of Bitcoin ETF, last Thursday saw an inflow of 190 million USD, and Friday saw an inflow of 500 million USD. So don't worry, the bull market won't rise indefinitely; there's no market that rises every day, and even when the market is not rising and is correcting, you should still hold on.
The key is to hold on; this round of American policy bull market is quite crazy. Don't wait until it rises to ask if you can still buy; waiting until it has not risen significantly to position yourself will yield greater profits.
The next week is Thanksgiving, and historically, financial markets perform relatively well during Thanksgiving. After all, during such a big festival, no one wants to end up with a face full of dirt; it is expected that the US stock market, including the cryptocurrency market, will continue to maintain a fluctuating upward trend.
This week there are no particularly important events; on Tuesday, there will be the Federal Reserve minutes, and on Wednesday, the PCE, which also affects the basis for future rate cuts!
Soaring at any time: 3 altcoins that could take off in the bull market with profits up to 100 times!
CAT
CAT has strong backing from the official Simon’s Cat brand and IP, with huge market potential; Floki has also established a foothold in the Meme market, thanks to celebrity influence and a large fan base, while the Ethereum ecosystem is equally vibrant. Uni, as the leader in decentralized trading, has a solid position, and market fluctuations have no impact on its long-term potential. Meanwhile, Ldo has attracted a lot of attention with its unique liquidity mining model.
Doge
As a leader, Doge's market performance has been incredibly strong, and Musk's multiple boosts have only made it stronger. The influx of huge capital makes Doge's future filled with infinite possibilities. Meanwhile, CAT and Floki, as rising stars, should not be underestimated. Let's first see if Dogecoin can stabilize at the price of 0.42; if it can hold steady, it will slowly rise.
Core
Currently, the price of Core has reached the upper edge of the channel, and after breaking through, it has completed a pullback action. This coin is quite unique; it doesn't follow the market trend very closely and mostly has its own independent market movements. So, if you are optimistic about it, just hold on patiently. As long as there are no major issues, just wait for it to pull out a big bullish candle.
