Crazy! The altcoin craze is coming, WIF, pepe and other currencies are soaring
But can the general rise last?
We have to be calm. From the historical data, this kind of market is often like fireworks, short-lived and brilliant.
Now SUI public chain and FET artificial intelligence have also taken turns to attract attention. But we must also be wary of bubble risks and not be overwhelmed by temporary enthusiasm.
Let's talk about mainstream currencies, such as BTC, which are moving forward steadily. The support level of 62,700 has withstood the test, with whales closing positions and ETFs net inflows. Multi-party forces are gathering, and bullish sentiment is high.
Moreover, there has been a net inflow of funds for four consecutive days recently, and the multiple retracements in the second half of September did not break 62,500. This indicates that once the 65,000 mark is effectively broken, the market in October may be able to rush straight to the 70,000 US dollar mark!
Coupled with the favorable macro environment, the easing of the central bank's policy, and the Federal Reserve's entry into a rate cut cycle, the spring of crypto assets may really be coming.
Although the carnival of altcoins is tempting, we still have to be cautious. The mainstream currency is stable, and the strong signal of BTC has appeared. 70,000 US dollars is not a dream!
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