Good afternoon, brothers! Bitcoin's stability is the greatest benefit. When it fell below $96,000, everyone around the world felt like the sky was falling. On Monday (November 25), Bitcoin sharply rebounded above $97,000.
Due to Bitcoin's price dropping to $96,000, according to Coinglass, over the past 24 hours, the total amount of cryptocurrency liquidations exceeded $500 million, with over 199,000 people liquidated.
In a bull market, large drops are common. Historically, during Bitcoin bull markets, a drop of 30%-40% midway is considered normal. If it drops from $100,000, a 30% pullback would bring it to $70,000, and a 40% pullback would bring it to $60,000.
$100,000 is just a psychological barrier for Bitcoin, not a price ceiling, nor a guarantee of perpetual increase. Looking back at the bull markets of 2017 and 2020, multiple pullbacks during the rise are normal. Pullbacks are not frightening as long as they do not significantly breach key EMA moving averages and important previous lows; the trend remains healthy.
Where there is on-chain activity, there is the original demand of the crypto world, and that is the main line.
No matter how much it drops now, Su Bai firmly believes that meme is the main line, not just now, but in the upcoming bull markets and even the bear markets, until a new main line is nurtured in the bear market.
The old investors who have experienced DeFi are still wavering, which I think shouldn't be the case. In the previous bull market, we also experienced a continuous drop for 1 to 2 months, yet the subsequent rally was the strongest. In 2023, ORDI dropped for half a year, and even when a bull market seemed far away, Su Bai remained steadfast. Let alone now with such a small pullback and such a short time. When we look back at the current candlestick chart in six months or three months, it will just be a small episode before a significant surge.
A bull market does not require technology; what is needed is clarity of thought and firm strategic determination. Do not cry and complain at every dip.
The rotation of altcoins and the script of the altcoin market are becoming increasingly clear.
After the MEME sector ends, it will rotate to the major old coins, followed by the metaverse and some DeFi projects, where stories of tripling in ten days will be common. This wave of rotation among old coins is not over yet; the old veterans who have endured for several years need to cash out.
Old coins are just the appetizer for this wave of altcoin season; the real protagonists of the altcoin season are quietly raising the water level. Each round of bull market crazy performances of altcoins occurs during the acceleration phase of Bitcoin.
Every market pullback, where you see fear, Su Bai sees opportunity. While you study what to buy every day, Su Bai studies how to maximize capital efficiency every day. First, learn to overcome fear.
Three altcoins worth laying out for a potential 100x increase:
1. SUI
Buy SUI, set stop-loss at 3.1. According to Tokenomist, in the next 7 days, there will be single large unlocks (unlock amounts exceeding $5 million) for SUI, OP, IMX, ZETA, 1INCH, ADAAPEX, DYDX, YGG, TRIBL, ENA, AGIAGIX, FET, etc. In the next 7 days, there will also be linear large unlocks (single-day unlocks exceeding $1 million) for SUI, with a total unlock value exceeding $980 million.
Unlock date: December 1
Number of unlocked tokens: 64.19 million SUI
Current circulating supply: 2.84 billion SUI
Sui aims to optimize blockchain interactivity, using an advanced proof-of-stake consensus mechanism. The unlocking of 64.19 million SUI tokens will primarily support fund allocation and community plans, promoting governance improvements and project expansion.
2. ENJ
ENJ's trading volume is sluggish, and the market lacks hotspots, seemingly devoid of participation value. However, there are continuous buy orders in the order book, which is a signal consistent with the strategy framework. Facing such assets, Su Bai chooses to maintain trading consistency—buy when it needs to be bought. Even if it seems lackluster at the time, Su Bai still decisively executes the strategy. Since the purchase, ENJ has risen by 37.12%.
ENJ hit a large sell order at 0.3150, with an actual highest price of 0.31386. Take profits on part of the position, move the stop-loss line up, no other operations needed. Next time, increase the spot position at the key EMA moving average.
3. DOT
According to Tokenomist, in the next 7 days, there will be large linear unlocks (single-day unlocks exceeding $1 million) for SOL, WLDTIA, TAO, AVAX, DOGE, SEI, NEAR, DOT, SUI, FIL, ARKM, etc.
Compared to other old altcoins, DOT took the lead in starting, and it is a relatively obvious track that has already been elevated. The price has returned to the previous high area from March 4. The rhythm of the upward process is clear and smooth, decisive, and the profit effect is very significant. Since Su Bai established the position, DOT has accumulated a rise of 170.50%. Su Bai plans to partially reduce the spot position in the previous high area to lock in profits. If the price can successfully break through the previous high, the next target will look towards 17.
More practical strategies prepared specifically for spot traders and bull market hoarders! Click on my avatar to follow and get my bull market strategy deployment, shared for free with all fans. You need references, I need fans, to be the most generous bull market blogger on the internet!
