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After the release of the positive non-farm data yesterday, the BTC rose all the way to the 71600 area, where it encountered resistance and then fell back, with ups and downs and needle insertion. Overall, it is a range-bound oscillation trend, with no single-sided continuation. In the early morning, the BTC fell below 69000 again and rebounded, and the current price is hovering around 69600.
There will not be too much volatility on the weekend, and the overall strategy is to switch the range based on yesterday's performance. Focus on 71600 above the BTC and 69800 below, and switch the short-term layout back and forth.
Saturday's strategy: long 68900-69200, consider short 70300-70600.
The current cycle is the adjustment period of Altcoins, which is expected to last until mid-November. The oscillation range of this cycle is about 30%, so it is necessary to stabilize the coins in hand.
1.Grass (GRASS)
In the past week, the DePIN project Grass has been steadily ranked among the popular competing coins. Its strong performance since its launch has made it one of the hottest competing coins at the moment.
According to CoinGecko data, the price of GRASS has risen 9.30%, and the current trading price is $1.13. Although the competing coin faces resistance around $1.13, the 4-hour chart shows that the $1.01 support level may help it rebound.
If this happens, the value of GRASS may jump to $1.25. However, if the bears continue to exert pressure around the current price, this may not happen. Instead, the value of the competing coin may fall to $0.99.
2.SOL
The second potential hot pick is Solana, also known as SOL. It is known for its speed and ability to process thousands of transactions per second. This is crucial in the fields of decentralized finance (DeFi) and Non-Fungible Tokens (NFTs), as speed is of the essence. Recently, SOL has steadily risen 2% in 24 hours, bringing it closer to the target price of $200.
Institutional interest in Solana remains high, indicating confidence in its potential, especially as we approach the election period. If the US election leads to policies supporting cryptocurrencies, Solana could rise up to 300%. This would be consistent with the 1,000% potential growth theme, especially as the market's confidence in the long-term value of the token increases.
3.ORDI
Currently, the price of ORDI continues to rise, with the latest trading price reaching $33.89, an increase of 1.4% over the previous trading day. The current market capitalization is stable at around $6.8199 billion, and all circulating tokens are traded in the market.
According to data comparison, the ratio of ORDI's trading volume to market capitalization is relatively moderate, maintaining at 7.83%, indicating a balanced attitude of investors towards its daily trading interest. Its price shows a huge advantage compared to the long-term SMA line, indicating a stable and long-term upward trend. In the next few months, ORDI is expected to achieve further growth, with an expected price of around $105.09 in November.
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