Coralie-lris
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The bull market is not over yet, where are the opportunities for altcoins?
Yesterday's market correction, although Bitcoin hardly fell, altcoins fell sharply, many of which fell by more than 5%. It feels like when your altcoins are about to recover their investment, they suddenly stop rising and fall back to where they were. The market is so unstable, with ups and downs, and today's market may be completely different from yesterday.
The four stages of a bull market
Looking back at history, bull markets usually have four stages:
Pessimistic stage: No one sees hope, and the bull market has just begun.
Doubt stage: The market starts to rise, but many people don’t dare to believe it, and many people are still questioning it at this time.
The four stages of a bull market
Looking back at history, bull markets usually have four stages:
Pessimistic stage: No one sees hope, and the bull market has just begun.
Doubt stage: The market starts to rise, but many people don’t dare to believe it, and many people are still questioning it at this time.
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Trump elected, bull market is coming! BTC aims for $150,000, will the upward trend in November surpass that of October?
The 2024 U.S. presidential election is still in the counting process; currently, Trump has secured 277 electoral votes, exceeding the 270 needed for victory, thus locking in his win early. Meanwhile, Harris currently has 224 votes. Following Trump's announcement of victory in this election, the stock market reacted strongly, with the three major U.S. stock index futures all rising by nearly 2%. As of now, the S&P 500 index futures have risen by 1.86%, the Nasdaq 100 index futures have increased by 1.7%, and the Dow futures surged by 875 points, an increase of 2.05%. The Russell 2000 index futures even soared over 4.78%. Additionally, the yield on U.S. 10-year Treasury bonds has risen to 4.41%, showing a strong reaction in the U.S. bond market. The dollar index rose by 1.53%, briefly reaching 105.19, a new high in four months.
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Bitcoin Soars! Meme Coins Make a Comeback! Where are the upcoming opportunities?
Recently, Bitcoin has been incredibly strong, directly soaring to a historical high, just over $100 away from the target, much stronger than everyone's expectations. After this breakthrough, there has been no pullback, and opportunities to buy are nearly gone. Looking at the ETF, there was a net inflow of $227 million yesterday, with inflows exceeding $2 billion in the past half month. Coupled with the FOMO sentiment in the market, this has created Bitcoin's own bull market.
Currently, Bitcoin is fluctuating around $72,000. If it stabilizes at this position, it is very likely to refresh its historical high. Pay attention to the area between $71,500 and $72,000 below, with the upper target being $74,000 to $76,000.
Currently, Bitcoin is fluctuating around $72,000. If it stabilizes at this position, it is very likely to refresh its historical high. Pay attention to the area between $71,500 and $72,000 below, with the upper target being $74,000 to $76,000.
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Bitcoin Short-Term Pullback, Rebound Imminent! How to Capture the Next Explosive Point?
Recently, Bitcoin's price briefly rose to $69,519, almost breaking through the $70,000 mark, but quickly retraced. Last week, Bitcoin's increase reached 8.9%. From a weekly perspective, there may be signs of a pullback in the short term; however, on the 4-hour and daily charts, Bitcoin's performance has started to weaken. Nonetheless, the monthly chart has not peaked yet and still has room for further increases. Therefore, considering the overall trend, we expect Bitcoin to experience a consolidation pullback this week. After the correction, it is likely to continue breaking upwards.
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Bitcoin is aiming for 73,000! The crypto market is experiencing a change in the election, and mainstream currencies are all bullish!
Currently, the price of Bitcoin is continuing to rise. Judging from the monthly line, it may soon break through the $70,000 mark. However, this is not the peak yet. In the medium term, the target price of Bitcoin is around $73,000. In the short term, although the daily trend is still upward, the strength has weakened from the 4-hour trend. It is expected that Bitcoin may have some shock adjustments in the short term, but overall, the outlook is still bullish.
In contrast, Ethereum's performance is relatively weak, mainly due to the linkage of the overall market. Currently, BlackRock's Ethereum ETF has exceeded $11 billion and is still increasing its holdings. Since July, the price of Ethereum has not been able to break through, and the main reason may be that large investors deliberately suppress the price. However, according to data analysis, once the holdings of large investors reach saturation, the price may rise rapidly. Ordinary investors can wait patiently.
In contrast, Ethereum's performance is relatively weak, mainly due to the linkage of the overall market. Currently, BlackRock's Ethereum ETF has exceeded $11 billion and is still increasing its holdings. Since July, the price of Ethereum has not been able to break through, and the main reason may be that large investors deliberately suppress the price. However, according to data analysis, once the holdings of large investors reach saturation, the price may rise rapidly. Ordinary investors can wait patiently.
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