The market is showing some signs of improvement over the weekend! After several days of pullbacks, with the US stock market closed over the weekend, Ether has finally stabilized, closing with a medium-sized bullish green candle. It's likely to stabilize above $3,800. The overall market trend is stable, and the market remains within my expectations.
🧭 Mid-term thinking: Don’t be afraid of opportunities that arise from the decline, hold on to ETH spot and don’t get washed out
In terms of macroeconomic data, last night's PCE was in line with expectations, the market rose slightly, and the trend remained unchanged.
- BTC: BTC 4-hour chart remains range-bound between 110,000 and 108,500. Weekend liquidity is weak, suggesting a short-term grinding market. Focus on the upper range of 110,000. If it breaks through and holds, it could reach 113,000-114,000, opening up further potential for a return to higher levels.
- ETH: Following the heavy-volume bearish candlestick on the 25th, the price has fallen below the upper range, but support remains strong, significantly weakening the bearish momentum. Focus on support at 3950 for the day, with resistance at 4180-4250. Whale have been buying on dips recently, and with the November escalation looming, a major Q4 rally is brewing . At this time, it's crucial to hold onto spot positions and avoid being easily swayed.
Talk + V: Mixm5688 altcoins also have opportunities. #PEOPLE, #SOL, #JTO, and #DOGE are all within reasonable ranges. Remember: a decline is an opportunity. Consider a small position in SOL with 2-3x leverage. For other stocks, I recommend focusing on spot trading and avoid blindly increasing your positions.
🔥 New Narrative: Decentralized Platforms are expected to become the next round of “Platform Coins”
BN's recent new coins are also mixed. There are two areas worth paying attention to:
- ASTER: Backed by CZ, we're focusing on decentralized platforms. CZ emphasized at a Hong Kong conference that decentralized platforms will far surpass centralized platforms in size in the future . If the previous round of platform coins like BNB, OKB, and BGB created a wealth effect, then decentralized platform coins may be the core opportunity for the next 5-10 years.
- XPL, ENA, and UNI: XPL is related to stablecoins, while ENA and UNI are both established projects, and their prices have fallen significantly from their peaks. Given the high volatility of newer assets, buying low on established assets can be more cost-effective .
🔎 New Coin Observation: XPL, ETHFI, and Eigen may explode around National Day
The recent trend of several new coins has been very active, and the main upward trend is brewing. The period around National Day may be a key rhythm point:
- XPL: Tied to the stablecoin narrative, there are signs of continued capital inflow.
- ETHFI, Eigen: Liquidity has increased significantly, and the main players have begun to build positions.
AC+V: Mixm5688
📊 3 Altcoin to watch this weekend
#JUP: Recent support at 0.426 suggests a weak short-term outlook, and with 53.47 million (approximately 22.85 million) tokens set to be unlocked this weekend , this poses a risk. If the support holds, a rebound to 0.475 is possible, otherwise a test of 0.404 is possible.
Chat + Q: 3806326575 #ASTER: One of the most impressive performing tokens this month, it will soon be listed on the SafePal wallet, potentially expanding its user base. If it can reclaim the 1.87 support level, it could reach 2.24, just shy of its all-time high. A break below 1.71 would signal short-term weakness.
#MNT: Currently consolidating between 1.59 and 1.77, a break above 1.77 could usher in a new round of gains, placing it just 12% away from its all-time high. A break below 1.59 could push it further down to 1.47.
✅ Written at the end
Many people are always worried about “what if it falls again”, but don’t forget - opportunities always come from falls.
This round of ETH has maintained its momentum, with whales continuing to buy on dips. Institutions are positioning for a Q4 rally, and the underlying themes of the altcoin sector are becoming increasingly clear : decentralized platforms, stablecoins, and the pre-launch of new tokens. The market is entering a period of accumulation. Don't let a moment of fear prevent you from missing out on the next major rally.
📍ETH has stabilized, and opportunities are emerging. Now is the time to invest, not to exit.
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 communicate with a group of old friends to buy the dips! Together we can avoid detours and outperform the next bull market! For more details about the copycat, please follow the official account: CL Fuqiman
Contact +V: Mixm5688 or Q: 3806326575
