What's the Play in 2024 with BTC-ETF Approval?
As we gear up for the Bitcoin ETF era, strategic moves are crucial. Check out the chart below – the OGs won't jump into action in the red zone. Instead, they'll patiently await the green zone, considering potential OG sell-offs (heed advice from Jihan Wu and team as per their report).
📈 While many altcoins have seen a recovery and some even hit ATH, simply maintaining the community proved to be the key for some. $BTC eyeing a short-term target of 61k, might not be the most enticing buy.
🌐 If genuine altcoins surge, aiming for a x2 target at the current level might require patience for the full bull season to unfold.
🐂 My stance isn't overly bearish, but for those not in the game yet, a patient approach is wise. The current price range might not be the safest or most attractive for spot purchases and long-term holders. My focus remains on scouting gamefi, socialfi, defi,... projects featuring innovative mechanisms. In the first three quarters of 2024, keep an eye out for products with ponzi earn, ride the surf, and make early moves for profits – buying spot remains a solid option.
🚀 Let's capitalize on at least two more quarters, strategically making gains and DCAing for the imminent Bull season!
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