Bitcoin (BTC) continued to fluctuate between $66,600 and $67,400 over the weekend, until last night around 8 o'clock, when it started a relatively strong upward trend, reaching a high of $68,344 in the early morning (28th).
Slightly retracted before the deadline, it is currently reported at $68,357, with a 24-hour increase narrowed to 1.25%. Whether it will challenge the previous high of $69,500 set on October 21 remains to be seen.
If you want to learn more about the crypto world and get the latest newsWeibo Dolphin Dolphin1More good articles are waiting for you~
BTC had a slight increase yesterday, briefly breaking through 68,000, and is maintaining a healthy level on the daily chart. The golden cross has already formed on the weekly chart, so maintain your holdings and stay confident. The price will continue to rise. Altcoins followed BTC's upward trend yesterday, but the increase was not as much as BTC. ETH briefly broke through 2,500, and will catch up with BTC after it stabilizes. The 4-hour momentum has started to weaken, and a divergence pattern has formed. For those who have already bought, hold on, the target range of 2,800-3,000 remains unchanged.
The altcoins did not follow the mainstream's synchronous upward trend. Be patient and hold SATS, and consider clearing positions around 50. For PEOPLE, hold it in the medium term and wait. Maintain your holdings of FTM.
There is no need to guess how the market will move, we just need to be prepared to embrace it at any time. Soldiers will block the way, and the earth will cover the water.The high-level oscillation in the short term is because the election results have not yet been finalized, and most of the main forces have chosen to wait and see. Traders with high leverage need to control risks.
Thursday and Friday this week may see a needle. The fluctuations this week will be very violent.
This week is a macro big week. The non-farm data and unemployment rate data on Friday are worth watching. The market's attention to this election is lower than expected, but the election still has a lot of uncertainty, and the IV of election cycle options is still relatively strong.
Thursday:
September core PCE, weekly jobless claims, and the Bank of Japan's policy meeting. The last day of the month, bearish. Complete all long positions a day in advance.
Friday:
Non-farm payrolls, the last non-farm before the election.
The fluctuations will be very violent, mainly low-long, and the position will be reduced. If there is a volume increase, do not chase the rally in the middle. For example, around 7w, the high-selling area, there will definitely be a rapid plunge, and the safest way is to add positions after the plunge.
Let's talk about which altcoins we should focus on now
According to the current trend, the crypto market is very likely to take off across the board in November.
SOL
The Solana blockchain supports decentralized applications, with faster transaction speeds. Developers can use a variety of programming languages on it, making it a competitor to Ethereum and Cardano. The native token SOL plays a crucial role.
TON
Toncoin (TON) is the native cryptocurrency of The Open Network, a decentralized, open-source Layer 1 blockchain. The TON Foundation and its community support the project. The proof-of-stake consensus model enhances the network's scalability and reliability.
XRP
The decentralized structure allows for fast transactions (2-5 seconds) at low cost. The energy-efficient consensus algorithm can process up to 1,500 transactions per second, enhancing XRP's appeal. As a bridge currency for cross-border payments, XRP stands out for its speed and low fees.
As November approaches, these three altcoins are worth closely monitoring. SOL, TON, and XRP each have unique advantages. If the momentum is good, these assets could potentially bring significant returns this month.
Conclusion
The market has reached this point, and as long as the capital above Bitcoin has not fled, the market will still be there. We just need to be patient and keep an eye on the projects we hold, as they are steadily progressing. There is no need to worry.
The longer the market grinds, the more retail investors will be shaken out.
When the retail investors have given up and started to do short-term trading, the launch will not be far away.
Wish all my fellow friends: be patient, stay true to your original intention, and be able to strike it rich in the fourth bull market of the crypto world.
That's the end of the article, followWeibo Dolphin Dolphin1for more good articles~If you want to learn more about the crypto world and get the latest news, feel free to consult me. We have the most professional exchange community, publishing daily market analysis and recommendations of high-potential altcoins. No threshold to join the group, welcome everyone to discuss together!
