The trend of Bitcoin is set to stand at 70000u, with a focus on cottage. If the overall market is to take off, the dealer must first absorb enough chips. There have been 7 months of turnover and accumulation, which is almost the same in terms of time. In addition, the on-chain data shows that the speed of accumulation has significantly accelerated, indicating that the bull market is getting closer. Considering that there are only November and December left this year, it is expected that there will be a wave of market conditions that will last at least 1 to 1 and a half months. Therefore, the dealer does not have much time.
The market is highly controversial during the election period, and the market makers have the opportunity to take advantage of this opportunity to push up the price, hoping to break through $74,000 for a few days at the end of the month. The next month will be a collective carnival for altcoins, and it is expected that there may be a 10-fold increase in one to two months.
Election is coming
Generally speaking, the crypto market will see a good rise before and after the US election. There was even a rise after the results of the last US presidential election, but it fell in the first two days and the last two days.
In addition, for the crypto market, whether Harris or Trump comes to power, it is good news in the long run. Therefore, some funds choose to continue to bet on the subsequent market.
After BTC breaks through 70000u, the market needs to pay attention to the following points:
1. Pay attention to altcoins: Once BTC runs out of space, the focus needs to shift to altcoins. Simply put, all currencies except BTC are altcoins.
2. Pay attention to the counterattack of VC coins: The counterattack of venture capital (VC) coins may be very fierce and deserves close attention.
3. Opportunities at the new narrative level: Pay attention to new narrative opportunities that may emerge, such as ETH’s narrative or SOL’s meme, which may bring new vitality to the market.
4. Trend thinking: The above strategies are based on the overall idea of expanding the current overall trend.
5. The return of active secondary market: With the active secondary market, trading players may gradually return to the limelight, because they were previously robbed of market attention by on-chain players. The strategy of taking advantage of the main altcoins to raise prices and then exchanging them for BTC is still a very effective option.
Today's lamb high-quality currency recommendation
1、DOGE
Dogecoin (DOGE) has a bright future. As the founder of meme coins, it is only a matter of time before it rises to $1. The value of real Dogecoin is unquestionable, and there is no need to chase those fake Dogecoins. DOGE is the ancestor of all meme coins. It can be said to be the Bitcoin among meme coins. As the only POW (proof of work) meme coin, its founder has completed decentralization and cleared the chips.
The US election will start on November 5. Musk has recently frequently voiced his support for Trump and has clearly taken sides. If Trump is elected next week, both DOGE and BTC are likely to see a breakthrough. Musk is regarded as the banker of Dogecoin. Recently, DOGE has performed significantly better than the market, and major funds have gradually entered the market. DOGE's daily chart has just broken through, and there is an opportunity for a sharp rise. The expectation of the currency circle for DOGE to hit 1u may be realized in this wave of market.
2、TREES
BOME is definitely not to be missed! With the outbreak of SOL, the Dogcoin in the SOL ecosystem is also booming, and BOME is the leader of this ecosystem. At present, the market value of BOME is relatively low. It feels that it may be like ORDI before, and eventually trigger a wave of rise that makes everyone doubt life.
Judging from the recent trend, the market maker's wash-out of BOME may be nearing its end. After the current small level touched the support, it began to rebound and showed signs of another upward breakthrough. Once the first high point is broken, a new chapter of meme coins will be opened.
In addition, future art auctions may use BOME as a means of payment, and will be destroyed in the process. This unique application prospect makes BOME more worthy of attention.
3、RUNE
RUNE's 20-day EMA is gradually rising to 5.04u, and the RSI is above the neutral zone, which provides a marginal advantage to the bulls. If the price breaks above this level, RUNE has the potential to make new highs with a target of 6.76u. Conversely, if it breaks below the current support, the bullish outlook will be challenged and the price may retrace to around 4.42u.
4. SHIB
Shiba Inu Coin (SHIB), known as the "Dogecoin Killer", has attracted a lot of attention in recent years and has an active community. Recently, its volatility has increased significantly, becoming a good opportunity for quick profits. With the rapid development of decentralized finance (DeFi) and NFT, SHIB's ecosystem is expected to completely transform its meme coin identity, providing investors with an excellent opportunity to share its growing practical value. Seizing this trend, SHIB is ushering in unprecedented development opportunities! $BOME $RUNE $DOGE
