This post is only shared on Binance, to give special attention to a few small fans.
When will the copycat stocks rebound?
BTC has risen to 29,000, not far from 31,000, but the mainstream altcoins have not yet made up for the increase. It is very clear that BTC is currently in a blood-sucking market. (1) If BTC directly accumulates momentum and consolidates here, then altcoins will definitely follow suit and make up for the increase. Of course, there is another possibility that Bitcoin will go sideways after breaking through 31,000, and most altcoins will make up for the increase frantically and enter a money-making market.
Which varieties are most worth paying attention to? Let me give you a simple classification.
1. Types of bearish cashing-large amounts of unlocked coins
Recently, the coins that have completed large-scale unlocking include#op#sui#apt#cfx. The rebound will be crazy. The completion of large-scale unlocking means that the negative news will be realized. The long-term short-selling hedgers will close their hedge orders, and short-covering will occur. There is at least 50% room for growth.
2. New varieties that have reached the bottom and cannot fall any lower
The most attractive one in May must be #pepe . A large number of sell orders are slowly digested over time. At present, PEPE has a daily V-reversal and may have formed a 4H triple bottom, recovering the decline of last week. It is worth paying attention to. Referring to the trend of Shib's daily line after Binance, PEPE may usher in a possible doubling of the market
3. NFT sector opportunities
As the NFT sector has been cold for a long time, with the emergence of new games and new benefits from BAYC, there are also good opportunities, but my understanding of NFT coins is limited, and APE is just in the self-selected observation area.
