Bitcoin is just a step away from a new high! The market atmosphere is surprisingly calm, but is there hidden meaning behind it? Altcoins are laying out these potential coins!
Bitcoin surged strongly early this morning (30th), briefly breaking through $73,500, but then its upward momentum tapered off, falling short of the record high of $73,777. Compared to the hot market in March, this rebound seems more rational, and currently, there are no signs of overheating in the market, with investor sentiment remaining calm. What is the reason behind this? Is there still room for further increases in the future?
After months of fluctuations, Bitcoin has finally returned to the bullish stage. With investment demand rebounding, Bitcoin has regained its footing, currently stabilizing above $72,000, with a year-to-date increase of over 72%, doubling compared to the same period last year.
At present, players at all levels in the cryptocurrency pyramid are waiting for signals and are hesitant to act rashly. Will there be some strong sectors of small altcoin seasons? I think we will see the results by early November.
However, selecting altcoins is challenging. In previous bull markets after halving, only a few dominant players have thrived, with Bitcoin and Solana being the top choices for bottom fishing in the secondary market (for instance, Ethereum is the strongest; buy ENA, Pendle, TIA for potential gains).
Altcoin DeFi: UNI, Banana
Newly listed contracts on Binance: Meme, Goat, Hippo, Neiro (lowercase), Cat Mew, 1000Cat, PopCat
Doge continues to strengthen while BabyDoge is on the rise.
AI: Tao
These can all be added to the watchlist. When Bitcoin weakens, whichever is strong should be bought first, and in deep dips, the same applies to VC coins—buying the strong and not the weak. There could also be similar situations like the previous Saga, which has seen multiple times the low points come out.
