#山寨币走势展望
11.28 Market Overview:
BTC started to enter a bull market explosion period after Trump won the election on November 5, pulling the price from 65K to 99.6K; after BTC failed to reach a new high in the past two days, it began to correct, and is now in a range-bound oscillation, with the whales also accumulating low-priced chips. There should be signs of a second bottom probing at 90K, and perhaps an extreme bottom probing around 86K to accumulate low-priced chips again, followed by a rebound breaking the 100K mark.
As the king of altcoins, it did not keep pace during the peak of BTC rising to 99.6K, resulting in being scorned by many; subsequently, it welcomed a wave of catch-up opportunities, fortunately, during BTC's correction, Ethereum firmly consolidated around 3300-3500, replacing the catch-up with consolidation; now Ethereum is oscillating at a high level in the range of 3549-3706; liquidity has gradually flowed into Ethereum, so it is expected to continue bullish, with the potential for an increase even surpassing BTC.
The king of altcoins also experienced a wave of climax, but some altcoins compared to March-April have not yet broken even and are still being bought at high levels; during this round of the bull market, altcoins have been sluggish, with the biggest movements being from established public chain tokens; for example, SOL has been the most eye-catching public chain token in this round of the bull market and has already doubled; XRP's price tripled after the SEC withdrew the lawsuit following the victory of the country; ADA, an old coin, has also doubled... these established public chain tokens have performed well; however, some altcoins remain indifferent or are even in correction, and many are in FUD about whether this round of the bull market still has a bull market? I mentioned in my previous posts that in the early stage of this bull market, BTC was performing solo, sucking blood from altcoins, and now that liquidity has reached Ethereum, after Ethereum has its gains, it will reach a rhythm where all altcoins soar together. Additionally, there is a rotation of sectors, from DEFI to inscriptions to AI to GAMEFI, while MEME still feels like the main character; so we should hold tightly to our chips and wait for the explosion of altcoins to soar together!
Follow me so you don't get lost, I provide you with the latest news and point analysis every day, along with the wealth codes you want; remember to follow and like!
