Has the BTC correction ended???
Before a strong correction, BTC is very likely to reach $100,000. As long as it breaks $100,000, the peak will definitely be above $100,000.
However, I personally feel it's unlikely to exceed $110,000. Because based on past experience, when important psychological barriers are broken, they usually don't go too far. For example, after breaking $40,000 in January 2021, it only went up to around $41,950.
The market is correcting, and many people are starting to panic, resulting in nearly $600 million in long positions being liquidated.
What I actually want to say is:
First, the bull market is not over, and BTC's push towards $100,000 is normal.
Second, many altcoins are not dropping much, indicating that funds are trying to stabilize the market, which is actually a good opportunity to position for the next wave of altcoins. For example, XRP, TIA, STX, RIF, LPT, IMX, YGG, and these coins;
Third, ETH is performing quite strongly, and there is a high possibility that ETH will catch up later. Projects in the Ethereum ecosystem will also perform well, like SSV, LDO, ENS, etc.;
Fourth, from an international fundamental perspective, it is favorable; in December, Europe and the U.S. will have holidays, which will also bring benefits; however, in December the Federal Reserve may cut interest rates, but Trump's policies may push inflation up, which is somewhat negative.
The BTC correction is the beginning of the altcoin season.
Three steps of the bull market:
1. Bitcoin leads 2. Mainstream follows (excluding ETH) 3. Chaos ensues
- Most committee members still believe that a 25 basis points rate cut in December is appropriate.
- Reduced assessment of the downside risks to the baseline forecast for economic activity.
- Continuing to shrink the balance sheet is appropriate.
- If inflation continues to rise, interest rate cuts may be paused.
- If unemployment continues to rise or the economy slows, interest rate cuts may accelerate.
- People probably aren't very interested in overnight rates, so I won't elaborate.
Overall, it's as expected, with nothing surprising; a 25 basis points rate cut in December still has the highest probability.
➜ $TIA
▶ MC: $656 million ▶ 24-hour trading volume: $137 million
As a leader among modular new public chains, TIA has just broken through its historical high.
Under the overall market correction, TIA has managed to rise against the trend, fully demonstrating the strong strength of its backers.
The weekly K-line pullback has ended, and the daily level has quickly rebounded after just touching the 5-day moving average, which is a typical characteristic of strong coins. TIA is expected to easily reach around $12 in the short term.
➜ $CKB
▶ MC: $656 million
▶ 24-hour trading volume: $137 million
It belongs to the formal infrastructure army of the BTC ecosystem, and after the rise of Bitcoin, the benefits from sector rotation will be quite evident, with expectations of a breakthrough rise.
➜ $Lista
▶ MC: $9 million
▶ 24-hour trading volume: $6 million
As a high-quality project of Binance IEO, the TVL data on the Lista chain is quite impressive.
Since its launch, Lista has been keeping a low profile, but now it seems ready to surge.
The reference entry price is around $0.43; short-term investors may consider taking profits near $0.8.
➜ $FTM
▶ MC: $3.007 billion
▶ 24-hour trading volume: $1.6347 billion
As one of the popular sectors for Grayscale investment, FTM has recently shown stable performance.
In the short term, FTM's conservative target price is at $1.2, and its market trend is currently very strong.
➜ $BB
▶ MC: $151 million
▶ 24-hour trading volume: $9.4 million
To secure a place in the Bitcoin re-staking field.
The current price level is an excellent buying opportunity, with the reference entry price around $0.34.
Short-term investors may consider taking profits near $0.5 to enjoy the gains from this rise.
#市场波动，加仓还是观望？ #比特币盘整分析 #美国GDP数据即将公布
