BTC once fell below $95,000
But coincidentally, just after the US government transferred a large amount of BTC, Bitcoin plummeted to a low of $94,388 around 01:45 this morning. As of the editorial deadline, it has rebounded slightly and is currently trading at $95,659, down 2.32% in the last 24 hours.
Bitcoin drops a little, MEME coins drop a bit overall, and the spring of VC coins has also arrived.
So, during these Bitcoin corrections, when everyone starts to panic, I always tell everyone to stay calm. Those who can stay calm at this time have basically won the mentality of 80% of the retail investors. The dog farm has indeed done this, with Bitcoin and meme coins falling, while VC coins are taking turns to rise, but it is estimated that after many retail investors were frightened and got off the car, they started to pull up the market.
Mainstream VC, old-brand altcoins, have seen huge gains recently, with monthly gains of at least 100%, and Dash has even doubled in a few days.
The RWA sector also ushered in an explosion today, taking the last baton, with a daily gain of over 40%.
So, will December follow the old routine of a correction before a new high, or a complete washout? And what will happen to the altcoins?
First, from the current market cap ratio of the big pie, there may still be some room for a pullback, but at the same time, it also indicates that the altcoins have a certain room for catch-up, after all, as the market cap ratio of the big pie goes down, the market cap of the altcoins will correspondingly go up.
In any case, this bull market is progressing step by step according to the hierarchy and stages, from BTC to the second-largest ETH, from the second-largest to the mainstream and then to the old-brand sub-mainstream, the NULS that was recommended around 0.38 has perfectly reached the first VIP target! The skirt also has a synchronous recommendation, and the brothers who have followed up have reaped a lot! The two recommended coins with double returns this month are: CETUS and WIF, which have also been recommended synchronously! I'm sure many of you have followed up!
Back to the topic, at the moment, with the strong rebound of the second-largest, some altcoins have also seen certain gains, so a slight adjustment is normal, it is the altcoins' true big bull market that is brewing, the appropriate correction will not affect the overall bullish trend in the future, but rather an opportunity for us small retail investors.
Let's talk about today's daily $BTC market analysis: From the K-line, the 1-hour level is downward, the 4-hour level is downward, the 12-hour level is slightly downward, and the daily level is sideways and slightly weak. The intraday resistance is $98,100, and the support is $93,300.
Taking advantage of the adjustment in the BTC and meme sectors, funds are rotating into Ethereum ecosystem tokens and obscure altcoins. But some old-brand altcoins, such as XRP, ADA, XLM, and EOS, have seen even bigger gains, with XRP even returning to the top three in market cap, with a total market cap of $250 billion.
These tokens have a characteristic, after a long period of bottom consolidation, without any hot spots or concepts, the retail investor positions have already dwindled, the big players have a high degree of control over the market, so even with a large market cap, the resistance to pulling up the price is relatively small.
