Bitcoin continues to impact high points, but I believe we will spend our last consolidation period here before we break through historical highs. What will happen during this consolidation? That's right, altcoins will outperform the market.
BTC is currently fluctuating and consolidating in the range of 102500 to 104000. Each time it reaches 102500, there is a rebound, but the high points of each rebound are getting lower and lower, which needs attention.
Only after effectively breaking 102500 will it accelerate to drop to points starting with 100. Due to the weekend, the trend and trading volume are not very large; we need to wait patiently for the trend.
After a sharp market pull, will there be a door painting market?
Every time Bitcoin rapidly rises, the market sentiment easily leads to FOMO, and many people impulsively chase high prices due to greed, resulting in them catching the peak.
Since Wall Street funds have entered the market, Bitcoin tends to move sideways or create door paintings after a rapid rise.
Therefore, whether you are bullish or bearish, it's best to wait and see for a few days in this position to see how strong the selling pressure is and how strong the support is.
From the weekly chart, this wave looks more like a rebound from an oversold condition. It is more suitable for short-term trading now; don’t rush to go all in. Over the weekend, Bitcoin may continue to fluctuate at high levels, and Ethereum may have an independent market.
If Ethereum continues to rise, altcoins will also follow with a wave of increases.
However, the rebound of altcoins is impulsive and purely emotional speculation. Everyone knows that altcoins have little value, and when the sentiment recedes, they will go back where they came from.
You can sell in batches when the market sentiment collectively FOMOs and everyone is optimistic, taking some profits.
Bitcoin combines funding logic and main force direction with technical analysis of market trends. Recently, Bitcoin has been continuously rising in large amounts for selling, currently maintaining a high position support stage, but overall maintaining the selling momentum. Ethereum is consolidating at a high level, accumulating funds and chips, and altcoins will also welcome a wave of rising trends following Ethereum.
Altcoins are still worth noting, house, cat, goat, velodrome, arc, mubarak, ladys, wif, billy, zbcn, pnut, babydoge, saga, bera, shell, leading the market!
Now let's talk about the potential targets that may erupt next.
UNI
DeFi blue chips, the leading player in the ETH ecosystem, favored by institutions, with a market cap in the mid-range, only 3 billion. UNI has huge value; it's not that it can't rise, but it's being deliberately kept low to give smart people time to buy. Currently, there's a 5-fold bottom on the weekly chart. Historically, as long as the market starts, UNI's whales have been able to pull it up 3-5 times within 2 months, with no significant pullbacks in between. Compared to those coins with large ups and downs, the holding experience is quite good.
Bananini
Recently, the on-chain hotspots have been the zoo market. The leading gorilla on BSC is still stable around 10 million and has room for upward impact. A couple of days ago, a banana chicken appeared on SOL with a market value of over 4 million, and yesterday's Godzilla also had a good rise. The sentiment on the BSC chain is coming.
Banana Monkey aligns with the narrative of the zoo and gorilla while adding an artistic element, with very large development potential. Whether you missed the rising market or are tired of being harvested by various conspiracies on-chain, start with Banana Monkey! The chip structure is also quite clean! The market cap is only 80-90 thousand, which is very low! I bought about 1%, and can slightly increase my position!
