As shown in the picture, Bitcoin has reached the historical high of 124,000, where there is considerable resistance. The current opportunity is not in Bitcoin but in altcoins. The crypto market is now entering a regular pattern, where Bitcoin rises first, then consolidates, and finally smaller coins follow with a rebound, entering the altcoin season.
So now that Bitcoin has peaked and is pulling back, altcoins will also follow suit. I think those who haven't entered yet can buy altcoins like ETH, SOL, SUI, and meme coins at a lower price, as they have the potential to test previous highs, such as Sol and ETH.
Since Bitcoin has broken the previous high, these coins also have a good chance to test it. October has just begun, so there's no rush. Those who have already entered at a low price can choose to hold. For stability, you can take profits with leverage, or just stick to spot trading. For example, we bought from 0.005, and it has already risen by 50%, so the cost is very low. Even if there is a pullback, it is still profitable.
However, the only concern right now is the U.S. government shutdown, which may delay the approval of the ETF. Originally, SOL was invited by the SEC to submit supplementary materials and was expected to be approved on the 10th. But now it may be postponed, which is an unexpected situation, and the coin price may experience some fluctuations; we retail investors can only endure.
But the government shutdown will not last forever; it will definitely resume work later, it's just a matter of time, and everything will return to normal. Therefore, the short-term uncertainty and pullbacks are actually good opportunities for re-entry. Once Bitcoin stops rising, the altcoin season will begin, and at that time, we can exit at a high. We will operate in real-time~
