If Bitcoin can hold steady and not fall below the 115,000 position, and if the market is on a strong rise, small coins can continue the alt season. Currently, the market feels a bit weak and seems ready for a pullback. The favourable information from interest rate cuts has already been fully priced-in. Before the interest rate cut, the market data was strongly rising, and after the interest rate cut, fully priced-in good news becomes unfavourable information.
In October, there is favourable information for small coins like Sol, XRP, and Sui, which are also quite good.
There's no need to rush to enter the market; buy on dips during the pullback. After all, the fully priced-in good news will be in mid-October.
The attitude towards interest rate cuts has reached a conclusion. Before the rate cut, the market data was strongly rising, and various coins surged when the rate was cut last night. However, coins like Ethereum and Doge did not break their previous highs, and even Bitcoin (BTC), which is strong, only slightly broke its previous high but could not hold it. I remain cautious about the viewpoint of a surge after the rate cut. I am still worried that the fully priced-in good news will start to pull back or at least lead to some consolidation. Personally, I don't see much bullishness.
However, after the consolidation, I think there may be another wave of market activity in October and November, as these are traditionally strong months for the coin circle, especially from late October to November, with an average rise of 20%. This should be the last offensive in this round of the cycle for the coin circle.
There will be a significant pullback next year. After all, various coins have risen 5 to 10 times compared to the 2022 bear market. There is no unlimited rise, and there is no eternal bull market. The real opportunity for wealth actually lies in the bear market, where one can pick up gold everywhere.
So after this round of interest rate cuts, remember to run, or you'll be left hanging at the top of the mountain. Next year will be a bear market.
In fact, there is no need to pursue such extremes in spot trading; just sell at a position that feels comfortable for you.
#币圈趣事分享
In October, there is favourable information for small coins like Sol, XRP, and Sui, which are also quite good.
There's no need to rush to enter the market; buy on dips during the pullback. After all, the fully priced-in good news will be in mid-October.
The attitude towards interest rate cuts has reached a conclusion. Before the rate cut, the market data was strongly rising, and various coins surged when the rate was cut last night. However, coins like Ethereum and Doge did not break their previous highs, and even Bitcoin (BTC), which is strong, only slightly broke its previous high but could not hold it. I remain cautious about the viewpoint of a surge after the rate cut. I am still worried that the fully priced-in good news will start to pull back or at least lead to some consolidation. Personally, I don't see much bullishness.
However, after the consolidation, I think there may be another wave of market activity in October and November, as these are traditionally strong months for the coin circle, especially from late October to November, with an average rise of 20%. This should be the last offensive in this round of the cycle for the coin circle.
There will be a significant pullback next year. After all, various coins have risen 5 to 10 times compared to the 2022 bear market. There is no unlimited rise, and there is no eternal bull market. The real opportunity for wealth actually lies in the bear market, where one can pick up gold everywhere.
So after this round of interest rate cuts, remember to run, or you'll be left hanging at the top of the mountain. Next year will be a bear market.
In fact, there is no need to pursue such extremes in spot trading; just sell at a position that feels comfortable for you.
#币圈趣事分享
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