Bitcoin has started to move back and forth on a small level again. In this kind of market, both bulls and bears will be liquidated, and the market will fluctuate up and down by two to three thousand points. However, the more volatile the market is, the greater the probability of a rise in the later period. This is a high-level wash, and the car will naturally break through the new high again.
Bitcoin has been fluctuating around 90,000 for a week and will definitely choose a direction in the coming week. 99% of retail investors in the market did not buy Bitcoin and hope that it will fall so that they can come down to pick it up. However, from the perspective of institutions, capital, and consensus among large investors, they will only think about how to push the price of Bitcoin higher to break 100,000 or even 120,000. Therefore, the price has remained high.
There are still many short positions trapped in Bitcoin at around 75,000-79,000-82, and there are almost no people who dare to chase long positions at around 90,000. The contract market data shows that when Bitcoin reaches 100,000, the short positions will be liquidated at 2.09 billion, and when Bitcoin falls to 73,000, the long positions will be liquidated at 2.07 billion. Do you think the institutions will still come down to pick you up with this data ratio? After finally raising Bitcoin to 90,000, it falls to 75,000. Isn't that just taking off your pants and farting? Unless the top of Bitcoin ends at 93,000, it will not be 7.5, but will go all the way to 40,000. This possibility is almost impossible, don't even think about it.
So what will the agency do at this time?
Bitcoin may be pulled in place before the end of the month. At this time, the short positions of 75,000-79,000-81,000 are basically all liquidated. Only at this time is there a possibility of a big correction. After all, it is not possible to go up all at once when the integer mark of 100,000 US dollars breaks 0. If it touches 100,000 and then washes and falls to 85,000, then the market shorts have been killed at this time, and the longs have harvested again, and then it will be pulled back to the range of 9.3-9.5 and continue to fluctuate. In this way, the profit of the operating institutions is maximized. It is now November 19 and there is about 1 month to Christmas. Every year before Christmas, there will be a wave of washing, and the market will not start until the Spring Festival. Therefore, the probability of Bitcoin falling next is that it will go sideways. After 1-2 weeks of sideways trading, it will have a direction at the end of the month. In the near future, it will continue to take over the retreat of the cottage, steadily accumulate low-level potential cottages, and look forward to the bull market pulling 5-10x next year.
Summary of the five major directions of Meme explosion: How to grasp the next hot spot?
1. Musk-related and cryptocurrency celebrity effect
2. Old altcoin mascot meme
3. AI Meme with new narratives or new applications.
4. New themes and narrative memes: For example, religious meme coin $LUCE or art meme coin $BAN
5. Community-driven memes: such as $KOMA, $ARMY, and $1984.
In addition, at this stage, we will focus on the Meme project on the Solana chain, as the current market trend is concentrated here.
Three Meme Coins Worth Ambush
RIF is currently the leader of the DeSci sector Meme, with a market value of 87.9 million US dollars. It is one of the tokens officially launched by Pump.Science. Rifampicin, also known as rifampicin, is a semi-synthetic broad-acting antibiotic that mainly inhibits the synthesis of bacterial RNA and has a significant bactericidal effect. It focuses on the concept of antibiotics and is used to treat infections such as tuberculosis.
DOG
DOG coin's recent performance is also worth paying attention to. Its price is around $0.0070 and it recently experienced a sharp drop, with a correction of 11.22%. The current support level is $0.0054, but the price has broken through this point several times, forming a solid support. A few days ago, DOG coin once experienced a parabolic rise, reaching a high of $0.008691. Although the price has fallen back since then, it is currently stable around $0.006, a point that is supported by the 50-day simple moving average.
Pnut squirrel peanut
Squirrel incident node: On October 30, after receiving complaints about "unsafe squirrel housing" and "out-of-control wild animals", the New York Wildlife Refuge raided Mark Longo's home, confiscated the squirrel "Peanut" he rescued, and later euthanized the squirrel.
Longo often posts daily videos with Peanut, who became popular for videos of him wearing a cowboy hat and sharing waffles with a cat.
On October 31, Longo launched a fundraising and petition online, calling for transparency, accountability and humane practices within the animal shelter.
The company hopes to raise $50,000, which will be used to provide a safe haven for vulnerable animals like the squirrel Peanut.
The incident continued to ferment on November 2, and at 2:38 on November 3, Musk retweeted the squirrel "Peanut"'s tweet, accusing the government of excessive intervention.
