Recently, it is obvious that the copycat season has really arrived.
Various types of altcoins have skyrocketed in turn, including the SUI public chain, FET artificial intelligence, and today's WIF PEOPle. The average annual rise in the altcoin market is unlikely to exceed one month, and most of the time it is in the oversold rebound stage. Cherish the hard-won opportunities.
Now Btc repeatedly tests the support of 62,700. Two whales closed their short orders of 26 million US dollars near 62,800, which shows that they are still bullish. Yesterday, ETF also had a net inflow of 106 million US dollars. The bullish sentiment is relatively strong. It has been a net inflow for 4 consecutive days. It has fallen back 4 times from September 19 to September 25, all of which broke below 62,500. After the effective breakthrough of 65,000, the market should be able to stand above the 70,000 US dollar mark in October. The current macro environment shows that the People's Bank of China has further relaxed its policies, and the Federal Reserve has joined the global interest rate cut cycle, which shows strong bullishness for crypto assets.
The market outlook is still bullish, and the probability of a deep short-term correction is not high, so there is no need to worry about the market going badly!
After a brief pullback at the 4-hour level, Bitcoin is regaining strength to sprint. Once it can break through 65,000 again, the next opportunity will be to reach the 70,000 mark.
The $ETH band whale also opened a position of 7,500 ETH three hours ago, worth $19.31 million, with an average purchase price of 2,575. If the price drops to this level during the day, you can buy more and dance with the dealer. The ETH to Bitcoin exchange rate is expected to reverse.
The Ethereum series of memes are being hyped recently, and Ethereum will become stronger in the future.
The two key data are:
Initial jobless claims are released tonight.
Final value of real GDP annualized quarterly rate in the second quarter.
How to plan a copycat?
My point of view is very clear, this year's copycats must implement quick in and quick out, do not do medium and long-term, do not do long-term, only do short-term, run when you make money in the short term, the stronger ones can only run the principal, and it is right to run everything else. Participate more in the tokens of the hot sectors, and you can layout wld. As a result, I saw it flew today! This is the sense of the market and the sensitivity to sector rotation!
With the emergence of various memes and the addition of various sector tokens, it is impossible for all altcoin tokens to return to their previous market value. Only a very small number of them can increase four or five times to restore their original market value. Therefore, most of them will fluctuate downward after a wave of pull. This is an inevitable trend in the short term.
Summary: Seize the hot sectors and hot tokens, enter and exit quickly, and run when you make money. Even if you make 20% on one password, you will be financially free with compound interest!
The narrative of Meme has just begun, and copycats are recovering. Once adjustments are made, copycats will explode, and the copycat season will explode with the Q4 explosion.
Altcoins are starting to bloom everywhere:
L1 track: $SUI, $FTM, $SEI, $NEAR
AI track: $TAO, $FET, $ARKM
Modular Track: $TIA, $ALT, $DYM
DeFi track: $AAVE, $PENDLE
Game infrastructure track: $RONIN, $IMX, $SAGA
Inscription track
$SATS Compared with September and October last year, this round of altcoin market started earlier and involved a wider range of tracks.
SAGA is hard to come by. It has more than tripled from the bottom to the highest. Among the L1 coins, it is the most powerful.
In fact, considering that negative factors such as the disappearance of the VC coin valuation bubble and the landing of the Mentougou compensation shoe have been eliminated, as well as the arrival of positive factors such as the start of the US dollar interest rate cut cycle and the upcoming entry of FTX compensation funds into the market, the copycat season should also start.
Can CZ turn the tide and detonate the market?
Judging from the current market situation alone, there are many difficulties. After all, this is a market problem, and it cannot be solved by a single individual. In other words, CZ is the one who climbed all the way to the top from the old era, and the old narrative is no longer able to continue.
But fortunately, new traffic is still pouring in, and younger and more creative groups are entering the cryptocurrency circle. At this moment of change, how to take over and value new groups and new logic may be the problem that the legendary CZ needs to solve next.
On the other hand, no matter what, CZ's return is still a huge boon to Binance, and it will also have a positive effect on boosting user sentiment. It is highly likely that the Binance series of currencies will see a rise, and some people in the market have begun to target the so-called concept of CZ being released from prison. This shows that even if the market is no longer that market, CZ is still that CZ.
» $BNB
With the news that CZ is about to return, the attention of BNB has soared again. BNB's small level just fell back to around 580, which is a small level support position. It has not fallen below, which means that it is likely to continue to rise. You can continue to pay attention to BNB. There are still three days before CZ comes out. Three days later, BNB has a big positive line to celebrate the return of that man!
» $TREES
Bome has been adjusted for half a year. If it breaks through here, I will go all out, no matter right or wrong, I have to do it if it breaks through. If I make a mistake, I will suffer a small loss, but if I make it right, it may double or several times the money. The odds are very good!
» $PEOPLE
As a currency related to the election, there have been some changes in the chain recently. The main force has sold a lot of goods before, but gradually collected them in August and September. Recently, it is still relatively resistant to declines. It is fully circulated, a strong currency, and has MeMe attributes, with a low market value! It fully meets the core track of this round of bull market!
It has been three months since the highs came down and the market has been washing out. Now there is a trend of reversal, so you can focus on it! It is highly likely that the third wave will begin, which is also the last wave of rising trend. The target is 30 to 50 points to move gradually, and the profit will double. If the short-term pulls up, please don't chase high!
