When I analyzed the Bitcoin market for everyone on October 19th, I reminded everyone to pay attention to a wave of altcoin prices. In recent days, many altcoins have been booming, which also verified that my views and predictions were correct. of.

I have been traveling recently and am exhausted from playing every day. Therefore, I don’t have the time or energy to update the article. I basically just share my opinions and predictions in the group before going to bed. It’s almost time to end the trip!

By the way, let’s talk about the market of Bitcoin. In the short term, the bullish momentum is still a bit strong. There is a high probability that it will continue to rise in the short term. However, I am personally very cautious about being bullish because this wave of rise is dominated by emotions. The last article also told you the reasons in detail. I personally think that although the bulls have not yet seen a particularly obvious decline, they are about to peak.

I don’t think this wave can rise very high. From a technical perspective, around 31,000 is the limit. But if there is an extreme situation, I don't rule out touching the previous high of 31800, but I don't want to see it through. The pressure above is not that great. Of course, there is a premise, unless sec really approves Grayscale, this extremely unlikely thing will happen. Then there is nothing we can do, and it is also a black swan event.