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BTC has fallen below the 70,000 psychological barrier, are you panicked? Just now in the statistical data: On 10/29, STH sold 232,000 coins, LTH sold 15,000 coins. On 10/30, STH sold 251,000 coins, LTH sold 18,000 coins. On 10/31, STH sold 207,000 coins, LTH sold 11,000 coins.It can be seen that: 1. From 10/28 to 10/30, the main selling pressure came from "short-term profit-taking" chips, and on the 31st, the main selling pressure came from short-term "trapped chips" 2. The 29th and 30th were an accelerated distribution process, including both LTH and STH. By the 31st, the selling pressure began to weaken 3. Continuing to observe the data in the next few days, whether it is a sustained slowdown or an accelerated distribution, can be used as one of the bases for short-term judgment 4. The current average cost of STH is around 64,000, as long as it does not break this level, we believe the trend will not changeSudden big drop, many retail investors, trapped or already liquidated, have been washed outNovember 5th election, every election, Bitcoin must rise November 6th rate cut, boosting the rise of Bitcoin's market November 17th another rate cut, again driving the rise of Bitcoin, stimulating 85,000I'm sure you've all heard such stories beforeWolf is coming, wolf is coming, wolf is comingBut the wolf never came, and then one day, the wolf really came, and it was too late to react. The bull market is like that, repeating the story of "wolf is coming" every day. This is the last wash-up before the election, and the accumulation will lead the fans to layout the potential coin that will explode next Monday, and it's easy to double. At the same time, I'm also looking for the layout of meme coins on the Solana chain, and it's no problem to make 30 times by the end of next year's bull market.
Selected Altcoin projects to focus on recently:
» ￥ACT One of the hottest and most interesting AI + meme concept Altcoins, and also one of the tokens I currently hold, for the following reasons:The DEV now has over $400,000 in liquidity, which exceeds their largest fundraising goal. They do have a plan on how to use this money to scale up operations. The Cyborgism discord server is an important part of the growing "proxy research community" where ACT is the primary service for obtaining AI. A real community is forming around ACT, and they seem enthusiastic about the progress of artificial intelligence.
» ￥DOGERecently, many large accounts have started to be optimistic about it, and it has reached its highest point in months.Its market value has increased by more than $8 billion, and there are several reasons for this phenomenon:
- Trump wins the election = Bullish sentiment soaring
- Musk has done some things with it
- Excellent performance in the last election
» ￥RAYAffected by the meme narrative, it continues to be one of the protocols that generate the most fees, which can be seen as the leveraged version of SOL.The reasons for being optimistic about it are as follows:
- Same fees as SOL and LDO
- Share revenue through token buybacks
- Token buybacks > Incentives
- Investors fully unlocked
» ￥GOAT Seen as the leader of the AI + meme narrative, it is currently trading at a large discount.If you are optimistic about the future AI + meme narrative, then buying the dips of the leader at the right time is a good choice. If the narrative disappears, GOAT may also disappear.
A person is lonely, and the retail investors need to walk together. The bull market has arrived, welcome everyone to join, walk hand in hand, and not let down this round of bull market, welcome everyone to add WeChat: mcty689, and send a message to join the group!
