Overnight, BTC consolidated around the 96k level. The crypto market has indeed warmed up; even the previously dormant second layers have quietly doubled in the past month.
Bitcoin is still stuck at the 100,000 USD mark, with two high-volume signals turning the originally straightforward upward trend into a sideways consolidation, and market sentiment is starting to loosen.
In this area, I choose to defend first, taking profits on some altcoin spot positions to reserve some flexibility for future operations, waiting for high risk-reward positions. The core logic of the upward trend has not changed; it is just that we are in a correction phase. (Stay calm)
Currently, the price of ETH has not yet broken through the previous high, and there is still distance. All ecosystems are in a warming phase, so don't be scared by short-term declines; corrections are opportunities to get in. (So now I tell you that ETH reaching 10,000 USD in this round is just a matter of time, and 10,000 USD is just the beginning. Do you believe it?)
Everyone is saying that December is the time for institutions to cash out for annual reports and the New Year, which is indeed the case. This gives us the opportunity to observe strong coins in the market. When institutions cash out for the New Year, and BTC corrects, bottom-fishing some quality altcoins will be a very good opportunity.
XRP has soared for five consecutive weeks, with a market value reaching 135.6 billion USD, XRP rose 3.5 times in a month, surpassing Solana! Incredible (Bitcoin at 100,000! Altcoins rising collectively! XRP soaring 228%! General rise, which coin will soar next? (Wealth code attached at the end of the article)) Why did XRP soar, and how to operate in the future?
1. XRP supported Trump's campaign, and the alignment is correct.
2. Gary's departure, the impact of SEC lawsuits has become a thing of the past.
3. Cooperation with major banks and thriving payment business
4. XRP ETF expectations
5. Expectations for future regulatory easing
XRP's market cap breaks 100 billion, ranking third, many old players are extremely excited, starting to position in EOS, LTC, and even BTS, XLM. Those who have heard of these two coins have experienced two rounds of bull and bear markets, but will these coins become the next XRP?
Grayscale's holdings in altcoins are also increasing, so I know what to do! I hope to give everyone one last chance, whether you get it or not depends on fate. Anyway, the XRP, WLD, SHIB, DOGE, ADA, and PEPE that I mentioned in advance have all skyrocketed. They will continue to soar...
Two passwords:
BOME
Most have risen, only he has not yet soared; patiently wait, holding on will surely bring rewards. In a bull market, all you need to do is wait!
I have mentioned before that RAY is one of the altcoins I am focusing on, having risen 2000% in 5 months, outperforming most altcoins, and the upward process is clear and smooth, with no abnormal candles and significant profit effects. Stop losses are clear, making it easy to determine positions based on losses.
Today, RAY is suitable for re-entering positions, with the ideal spot between 3.8 and 4.1.
If anyone has questions, feel free to message me.
Today (December 2nd, cryptocurrency Q&A and review: UMA, ETC, JTO, XRP, RATS, TON, BASE, MKR...) has been released.
