In the current market, if a project has been operating for a year or half a year and still does not issue airdrops, but continues to issue tasks, it can basically be determined to be a stupid project, a poor project, a leek project, a garbage project, a stupid project. It can't even keep up with the heat when eating shit, let alone the users who follow it and believe in it can eat meat.
Shocking! Bitcoin is about to break 100K! 5 altcoins may see an increase of 10-20 times in the future.
Market situation Bitcoin continues its upward trend. The overall supply in the market is not strong, but demand is robust, especially as it approaches the significant 100K mark, with a large amount of speculative capital entering. From the current market state, breaking 100K is just a matter of time. The larger trend is fine, showing an upward trend and continuation. Long-term investors can continue holding their positions or begin to take profits on the left side near 100K, depending on their risk preference. Patience. ETH is linked, the exchange rate still needs to find a bottom, patience. In the altcoin space, market capital is being siphoned off by Bitcoin, causing the overall altcoin market to weaken, which aligns with past bull market trends. In the future, once Bitcoin finishes its upward trend of siphoning off, capital will overflow into the altcoin market, so altcoin investors need to be patient and wait for the altcoin season.
The trading volume of Binance is now higher than that of Nasdaq, and the seven giants of the US stock market are all listed on Nasdaq. Originally, the trading volume of Nasdaq was not large, but it has rapidly increased in weight since the rapid development of the Internet. In addition to being the exchange with the largest trading volume, it is also the most profitable exchange in the world. Is it possible that a company that will lead technological development in the future will emerge in the cryptocurrency market? That would be the best application of blockchain.
The market share of BTC is still rising, but ahead, on the monthly chart level, it is about to face significant resistance. This means that when BTC's market share officially starts to decline, there is a high probability that funds will flow out of BTC and into the altcoin market led by ETH. Therefore, the altcoin market will at least see another wave soon.
The price of Bitcoin has surpassed the 97,000 mark, but surprisingly, the Fear and Greed Index has not risen accordingly, instead dropping to 82, still in the extreme greed zone. The phenomenon of emotional divergence still exists; if the price continues to rise while this index struggles to break 90, this round of pushing towards 100,000 may be the last frenzy. Although the cryptocurrency market is not feeling the hype, the performance of MicroStrategy (MSTR) and ETFs in the dollar market has already revealed strong FOMO sentiment.
BNX spot available Because the market maker has actions to reverse the bottom Plus the washing time and space are acceptable BNX sometimes has a bit of rebelliousness, so it can be worth paying attention to Be cautious and consider stopping losses if it falls below 0.4631 at closing
In this bull market, large institutions are generally participating, with many positions being built at 60,000+ and 70,000+. This means that BTC has become one of the best investment targets, and I don't think there are anyone in the financial world more astute than BlackRock, Vanguard, and Morgan. It also means that the probability of Bitcoin dropping to zero is becoming lower and lower.
Why is Bitcoin hitting a new high while altcoins continue to fall? When will altcoins see a turnaround?
Good afternoon brothers, Bitcoin has now reached a new all-time high of 97,000 US dollars. Has your account reached a new high? Bitcoin strongly broke through $97,000 at noon today, reaching a high of $96,968 before writing, setting a new historical high and a surge of 5.58% in the past 24 hours. Bitcoin's current share of the overall market value has reached 60%. According to the data of the previous bull market, the copycats collectively exploded after the share reached around 67%. According to this data, it will be soon, and if nothing unexpected happens, it should be in early to mid-December. After Bitcoin hit a new high, it fell slightly, and the altcoins collectively cried. The current market situation is very painful. Wall Street funds only buy big cakes, and American retail investors only buy on-chain memes. The altcoins in the middle are temporarily abandoned by the market.
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BTC. Continues to innovate new highs, its rise is showing a shrinking volume, which means retail investors are mostly in a wait-and-see mode, afraid to follow up, and a divergence signal has already appeared. However, the surge of Bitcoin is strong, and there are very few short positions, plus the risks are extremely high. This wave of Bitcoin's rise has broken through the upper edge of the ascending channel, and friends holding long positions and spot are truly making a fortune. Currently, the market only sees Bitcoin rising like a hot knife through butter, while altcoins continue to decline, forming a stark contrast. Once Bitcoin reaches its peak and starts to fall, altcoins are likely to face a very tragic situation, and it will be a bloodbath; those with contracts must set their stop losses well to avoid risks. Additionally, in terms of artificial intelligence, based on NVIDIA's financial report, if Bitcoin can maintain a high-level oscillation pattern, then a series of artificial intelligence tokens such as GRT, WLD, RSS3, AI, etc., may have a lower probability of short-term adjustment.
What should you pay attention to when playing memes? 1. When playing MEME, never get overly obsessed. 2. In the short term, there are peaks, but it will eventually decline; there are no continuously rising waves in the world. 3. In the long term, high-quality MEMEs can be played. 4. High-quality MEMEs are best bought when no one is paying attention, rather than when the situation is bustling. 5. Right now, there is still significant profit every day, and you can still go for PVP. 6. Keep paying attention and wait for new top-tier narratives to emerge.
Recommended ENA I have done several swing trades on this coin. 1D, no divergence at the third buy level. 4H, too many spikes, quantitative algorithm center is inaccurate, directly use intuitive analysis method, consolidation bottom divergence + weak fractal, this level fractal is too weak, the collection is not solid, we still need a secondary bullish emergence here, it would be best to break the small central point below the 30F, that would be the best entry point.
Although the current market is unfavorable for altcoins, there is still some hope. If two of the following three conditions are met, we may see a resurgence of the altcoin bull market: Bitcoin breaks through $100,000: and stays above $100,000 for at least two weeks. Ethereum staking ETF approval: This will attract off-market funds to focus on the Ethereum ecosystem and other native assets. Relaxation of crypto regulation, innovation returns: If the on-chain ecosystem experiences a wave of innovation similar to the "DeFi Summer" again, or even sees a few "killer applications," investors' risk appetite may shift towards the higher-yielding altcoin sector.
Bitcoin's overall market share has now reached 60%. According to the data from the last bull market, when the share reached around 67%, altcoins collectively surged. Based on this data, it's expected to happen soon, likely by mid-December.
After Bitcoin's new high, it slightly fell, causing altcoins to collectively cry. The current market situation is very painful; Wall Street funds only buy Bitcoin, while American retail investors only buy on-chain memes, leaving mid-tier altcoins temporarily abandoned by the market.
I bottomed out act 1. It is visibly apparent that vc coins still cannot rise temporarily. 2. It is visibly apparent that everyone is playing aimeme. 3. It is visibly apparent that aimeme has the highest ceiling, with one at 100m+, and a bunch at 50m+. 4. It is visibly apparent that act falls into the lower-middle tier of the meme rankings on Binance. 5. It is visibly apparent that before the old horse acknowledges the position of the squirrel, act has always been the strongest. 6. After the first wave of strong token rise, a 50% retracement to bottom out aligns with Wei Shen's theory of dissipating enthusiasm. 7. It is visibly apparent that BTC keeps hitting new highs, investment enthusiasm remains strong, and meme will still absorb the overflow of funds.
Some thoughts on the market trends for this cycle: 1. Meme played the role of DeFi in the last bull market. It brought a lot of new money into the crypto space. Coins like Doge and Pnut attracted a lot of new investments. 2. As the liquidity from memes overflows and the lifecycle of projects becomes shorter, the VC coin sector begins to rotate. 3. However, memes are likely to remain a continuous theme, but their popularity and funding will gradually be redistributed.