Bitcoin reaches $97,800, just one step away from $100,000.
The higher it rises, the more people are talking about a big correction.
It has been said recently that there is currently no possibility of a deep correction.
The $100,000 area is a high selling zone, and a pullback to $50,000 could be the limit, so it's a good idea to short it for a quick profit.
If you want to directly target $110,000, wait for the price to reach $101,600 and then pull back to $98,888 to enter a long position, which would indicate that $100,000 has been officially broken through.
If BTC makes a new high and then dips slightly, Altcoins will collectively cry. The current market situation is very painful, with Wall Street money only buying BTC, and US retail investors only buying on-chain MEME, while the middle-tier Altcoins have been temporarily abandoned by the market.
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When will Altcoins see a turnaround? Although the current market conditions are unfavorable for Altcoins, there is still hope. If two of the following three conditions are met, we may see a resurgence of the Altcoin bull market: BTC breaks through $100,000 and stays above it for at least two weeks. The Ethereum staking ETF is approved: This will attract off-chain capital to the Ethereum ecosystem and other native assets. Crypto regulations are relaxed, and innovation returns: If the on-chain ecosystem experiences another "DeFi Summer" style innovation wave, or even a few "killer apps" emerge, investors' risk appetite may shift towards the higher-yield Altcoin sector.
For the current market conditions, the following sectors are relatively favored: - BTC-related sectors, including projects like Rune, Stacks, and STX. The reason for being optimistic about these projects is the strong performance of BTC, whose value is likely to spill over to other projects in the BTC ecosystem.
- Solana ecosystem sectors, including tokens like $JTO, $JUP, and $RAY. The Solana ecosystem has strong institutional support and a thriving development momentum, so holding Solana-related assets has a high cost-performance ratio, and these tokens are expected to perform well.
- MEME sectors, including projects like lowercase Neiro, Goat, Hippo, and Pepe. MEME themes are expected to run through the entire bull market, and although market enthusiasm will rotate constantly, the discussion and attention on MEME themes will be eternal. These projects have huge growth potential due to their unique cultural phenomena and market appeal.
Recommended promising coins for the near term:
APT
APT may be brewing a big uptrend
From a technical perspective, APT has accumulated a large amount of chips at the bottom since its launch. At the short-term cycle level, it fits the structure of an upward continuation, and there are expectations of a continuation of the bullish trend after the breakout.
APT's fundamentals have also been improving recently, with TVL approaching $1 billion, and USDT also starting to deploy on the APT mainnet.
The hottest thing in the current market is definitely MEME, and Emojicoin Dot Fun, a MEME coin issuance platform, has announced that it has gone live on the APT mainnet.
SUI and APT are sister chains, and SUI has already broken through its previous high and is heading up, so I believe APT also has a lot of imagination for upside.
STRX
Blockchain solutions, DeFi and tokenized assets.
Focused on bridging finance and Web3 to enable organizational empowerment.
Committed to leveraging the transformative potential of blockchain.
SOL
Time for SOL to make a move, the market's 28 rule, a good coin that ordinary retail investors can hold, large trading volume, can withstand hits and dips, and is often on the hot list.
SOL's on-chain value has been proven, with explosive growth in capital and user numbers, which has allowed SOL's price to remain strong and present an upward trend.
We all know the heat of the MEME sector, with typical coins like lowercase Neiro, Punt, Cat, and Pepe all generating a lot of heat, and most of these hot spots have been issued and appeared on the SOL chain, further enhancing SOL's fame and heat value.
Next, SOL should be gearing up for the listing of its ETF, and SOL will be even stronger and rise higher next year.
