When observing the market on Saturday, the overall funds have shown a sluggish trend, indicating that the weekend market may not be ideal. Even if there are fluctuations, they may not appear until Sunday afternoon. However, BTC has shown strong momentum since Sunday, climbing from the price of 100,800 to today's 106,648, with an increase of more than 5ETH. The altcoins with insufficient funds are in a situation of being drained, and retail investors have turned their funds to hot currencies.
Although there are many key nodes this week, whether the "altcoin season" that the market generally pays attention to will start is particularly eye-catching. In addition to the Meme sector, strong currencies have broken through historical highs, and general currencies have also risen to the price before the market crash, while weak currencies have not yet recovered. As the top priority of this week, the market generally predicts that the probability of a 25 basis point interest rate cut is more than 95%, which is good for the market and may trigger a wave of high-level market. Previously strong altcoins need to be re-included in the scope of observation. In the absence of new stimulus factors, the market may take turns to hype, such as pepe, sol, punt, doge and other strong altcoins may be paid attention to again.
In addition, the Christmas market trend needs to be considered. If the price of the currency rises sharply at the end of the month, it is necessary to stop profit in time and buy again when there is a big retracement. If there is no band operation, just hold the currency and wait for it to rise, avoiding blind operation and increasing costs. The bull market of altcoins is still in its early stages, and it has only gone 20% of the way. With the new high of $BTC as a reference, a large number of altcoins are still weak and have not been able to break through. However, some currencies such as XRP, ADA, TRX, XLM, LINK, etc. have set new highs or are close to previous highs, showing potential.
The prices of most secondary altcoins listed on major exchanges are still hovering at the bear market level, which is really an opportunity. As long as the project is still in operation, it is necessary to pay more attention, and institutions may have quietly intervened to control the market. When the time is right, these altcoins may achieve several times or even dozens of times the increase in a short period of time. In a truly violent bull market, 99% of the secondary altcoins of major exchanges will experience explosive growth. Therefore, the arrival of the altcoin season is unstoppable, and the targets that are lurking in operation will surely experience an explosion.
I am Wildcat!! Welcome to communicate!!
