November 19

Today I added a V to account X, so I can post long articles, making it easier for everyone to read. I also hope that those playing X can give a follow over there, @bilaoye2077. Let's have a quick chat about the current market situation. I was going to post a promotional article today, but it seems like everyone feels uneasy if they don't check the daily updates.

The overall market is sideways, which is actually similar to yesterday's judgment, as Bitcoin's rise has encountered resistance. This resistance should be enough for the market to take a breather, meaning a significant pullback would be reasonable, including the fear and greed index telling us that the short-term pullback risk is high. However, the bulls seem to be undeterred, with companies like MicroStrategy continuing to buy and ignoring prices, only buying and not selling, which gives the market a strong boost.

The good news on the charts is that some sectors have begun to attract capital attention, including DeFi, which I have always mentioned, with leading projects like UNI, AAVE, and MKR showing signs of a potential rally based on the candlestick charts. Therefore, if the market pulls back, I will focus on adding a position, and if Bitcoin continues to break through, it's highly likely these sectors will follow suit.

In summary, at this stage, the probability of a bull market starting has exceeded 90%, and we are soon entering the last month of 2024. It’s a good time to make some plans for a pullback, but make sure not to be out of the market entirely.