Bitcoin fell below $110,000 last week, hitting a low of $107,000, but then stabilized at that level three times before returning to around $110,000. Given the current trend, barring any significant negative news, the price is generally manageable. BTC is attempting to break through the 110,000 level, or the MA120 moving average. If successful, a rebound is expected.
More importantly, September is "rate cut month." Market expectations are high that the Federal Reserve will cut rates, which will undoubtedly provide a short-term boost to the market. As you know, when a rate cut comes, fear of missing out (FOMO) will inevitably set in, so it's worth keeping an eye on the market.
The counterfeit craze is over, and the market is entering a period of repricing.
This year's hot projects, like XPL and WLFI, have largely exhausted their hype and are now facing market revaluation and repricing. New projects like Linea and Monad will also be launching soon, but a word of caution: while new tokens are exciting, they also carry greater risks, especially with those crappy copycats. Don't harbor illusions; the best strategy is to exit early.
Next, how should the copycat industry choose its track and pick the leader? In the current market, OTC funds only identify a few sectors:
- Stablecoins, RWA, AI, DeFi, public chains, and oracle machines
- Platform coin, wlfi ecosystem, ETF ecosystem
- Crypto Treasury & Infrastructure with Real Users
So the choice is simple: eliminate all altcoins that aren't in these markets . Forget the "get rich quick" dream. The cryptocurrency market has long been a battlefield for professionals, and only the leaders can access significant capital. Remember: buy the biggest and hold the strongest.
Focus on the top DeFi, the main force of the rebound
The stablecoin ENA has already surpassed $12 billion. If the broader market rebounds, these high-quality DeFi assets will undoubtedly be at the forefront. Larger market caps like AAVE, UNI, XPL, and OKB are relatively safe bets. The larger the market cap, the stronger the rebound potential—a proven principle that has repeatedly held true during bull and bear cycles.
There are also rumors: OKX may launch something similar to Binance Alpha, and OKB is worth paying close attention to. And WLFI, as a Trump family project, is likely to make some big moves after market pricing, so these coins are worth keeping an eye on.
Some people cashed out, some were harvested, and after a cycle of tossing around in the Altcoin, the end is almost here.
Let’s continue to look at the performance of individual altcoins
#MAV: Last week I kept saying he had volume issues, now he can enter the market, it has been performing well recently, so I will continue to hold
#DOGE: Recent news has boosted it, so keep holding on, this wave is really going to explode (see previous article for details)
#CAKE: The daily chart has formed a descending wedge, a common bullish reversal pattern. As long as the lower limit is not broken and strong volume breaks through, there is a chance of an upward reversal. The structure is not bad, so just wait patiently for confirmation.
Ultimately, while every project in the crypto is buzzing with activity, Bitcoin will always be the one that survives. Currently, BTC is hovering around $100,000, and next year, it might even reach $200,000. After all, over the years, trends have come and gone, and copycats have emerged one after another, but in the end, your uncle is still your uncle. Don't be too pretentious with copycats!
The market moves in waves, and it’s easy to get lost if you go it alone.
If you want to seize the next wave of doubling opportunities, welcome to join my circle and watch the market, communicate, and buy the dips with a group of old friends! Together we can avoid detours and outperform the next bull market! 📬 V: Mixm5688
