This adjustment scenario is not too surprising, as I have warned everyone many times over the past two weeks in the group. An adjustment at this time is necessary and aligns with the cyclical nature of the market.
The main target that MM is currently focusing on to shake off is the new F0 participants who just joined recently; this group will be shaken out, and the participants who joined in March of this year are about to break even. After this wave shakes out these two groups, the boat will be relatively light, and we will enter a Bull run phase with potential for some tokens to multiply by 5 to 10 times. Let's try to get through this phase, everyone. If you are one of the two groups mentioned, just hold on; you will break even without selling at a loss and later having to FOMO at high prices.
This wave is designed to scare and shake off holdings, and to be effective, it will require a significant drop. Take your time and hunt for sales.
Wishing everyone to make good use of this adjustment wave to buy at a good price.
Since this morning, many friends have messaged me about whether they should take profit now. Personally, I think not. For me, currently, altcoins basically have not run yet. As I have said many times before, a strong bullish wave starts from BTC and that is how it currently is. Soon, after BTC slows down, altcoins will definitely reach new ATH in most coins. BTC is doing good marketing, and to make the little ones fomo strongly, altcoins must be pushed.
That is when you should take profit and exit the market
This time last year, rumors of an approved BTC ETF pushed BTC from 2x to ATH 74. This caused most of the new players or old players to think that they would succeed in this cycle to hit the top. Currently, most of them have split 3 or 4 and have almost no chance of winning in this cycle. MM has neatly resolved the team of players who thought they had experience.
So why is this the time for growth?
First, it fits the current macro situation. You know that election years are always crazy times for financial markets. Besides, governments start to lower interest rates, a lot of money is pushed into the market. Just look at the current gold price increasing without stopping and you will understand. Other things considered as assets will also have to increase to affirm their position compared to gold.
Second, I don't think there are many reasons to continue to reduce at this time. In the past 7 months of market decline, I think those who are impatient have sold out. As for those who will not sell no matter what, I think they will not sell even if the price is reduced further, and will even buy more. 7 months is long enough for whales to accumulate enough for the bull run season.
Currently, there are enough reasons to push up the price to attract new participants and FOMO. You all know what will happen next. MM will deal with the new team. So, all F0 and F1, F2, F3 will be resolved, no one can escape.
I just want to say that this market is very difficult, close early and don't look back. Because if you look back, you will lose everything you have.
Since 1 year ago, we have been talking about BTC DOM going up to the 58 zone, now it is here and starting to react. The plan I am aiming for is that DOM will decrease here before continuing to return to this zone to create 2 peaks, then decrease sharply, we have ALt season
Brothers in the North who have a#Binancekyc address account in the North will be supported by Binance with a total amount of up to 1 million dollars. Each person gets about 50$. To support those affected by Typhoon Yagi in Northern Vietnam.
Is Binance great, brothers? Unlike the pts who support all 100 million but in reality all 10K
Ton has been very strong recently despite BTC's correction, but no coin is strong forever, it is only strong until MM takes profit. I think the recent FUD news is a profit-taking move.
To buy back, I think we should wait for the 3.5 zone to start buying, if it doesn't come back, then skip it, there are many other good options.
The wave is starting to appear and you can only catch the spot, but playing Ft at this level is easy to get killed. The ZK system has not had any decent wave yet, so it will be pushed soon.
In my personal opinion, BTC.D will increase to 58 next week. BTC has nothing to worry about, but alts will definitely continue to be sucked in. To get into the rising wave, the team has been riding the wave in March this year, even if they hold and are sure not to lose their stocks, they won't make much profit. But this time the team was forced to sell at a loss and could not make it back to shore. MM seems to have finished dealing with the old team of players from last season. This season, I think buying from the beginning of the cycle will be easy, buying a good position can be x10 x20. But not.
This market is so fierce, guys, even in spot, the number of winners in the end is only 5%, buying all in will never win. USDT must always be held and distributed evenly over time.
âĄď¸ Total volume $1.1B of which Grayscale accounts for ~1/2 âĄď¸ Strongest pooled fund to date: Bitwise ~$204M âĄď¸ Fund with the strongest discharge to date: Grayscale ~$484M âĄď¸ The current ETH ETF spot is yielding a result of -$244M
MT. Gox tried again, the market adjusted again The wallet is still holding more than 90k BTC ~ 6 billion USD
Currently, the market only has one release pressure from this guy, so you guys should follow him closely. Wallet address Mt. gox, I'll leave it below in the comments for those who want to follow