With nearly no impact of FOMC meeting yesterday,
#BTC managed to hold the price it was trading at ($29,200). 25bps point hike was expected and that was already priced in.
Now, BTC looks strong, and I am expecting a bullish move to $30500/$31k range. Unless we see some major fud I don't see any reason for BTC to plummet from here. The chart looks reasonably strong for short/mid-term and my target before December 2023 still remains near $42k. We are in 'Disbelief' stage so don't let the minor dips fool you. I have attached the 1D chart for reference.
Along with this BTC move to the upside I am expecting a mini
#ALTseason. All the major L2s will outperform the market. Of course, there will be many shitcoins that will pump during this season but just ensure that you don't get trapped in those. Pick the ones that have some fundamental value and working product to offer. I personally would be eyeing LSDfi, L1/L2, and some low cap shitcoins for trading purpose. Just to name a few ARB, OP, RDNT (remember Binance recently invested $10M in RDNT), HOOK and a few more.
You can add to the ALT coin list in the
#comment section, and I would love to review them. I am sure there are a lot of good traders out there in the audience who give a different perspective.
For more such BTC and ALT updates follow our Binance Feed page. Don't forget to
#Like and
#Share it just takes 2 seconds of your time :)
Stay strong, Cheers!