to kaise h ap log 😎 SOL adjusts earlier than BTC, and the adjustment of SOL's daily candlestick is temporarily coming to an end. BTC will continue to pull back. The difference is that the overall market is stronger than SOL, as SOL adjusted to the 2-daily candlestick Bollinger Band midline last night, while it will be difficult for BTC to adjust to that level (85755) for a while, as the support above and below 90,000 is very strong. Bearish traders find it much more challenging and demanding to take profit from a 10,000-point pullback in BTC in one go than to engage in small swing trading. So if you are going short-term and buying low, go long. Today we are mainly promoting Solana and then ETH. BTC is generally in a sideways trend within 3,000 points, which gives altcoins the opportunity to go to the moon. The biggest difference between the current volatility and the volatility from April to September is that altcoins were all falling with BTC in the previous period, while now BTC is falling and altcoins are rising. This indicates that the market's fund size has relatively increased without significant outflows, but rather a rotation back and forth. Therefore, altcoins are not completely synchronized with the rise and fall of the BTC market. This phenomenon will return to normal after BTC breaks through the 100,000 milestone in the future. thanks 🙏
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
hello friends 👋
to kaise h ap log 😎
SOL adjusts earlier than BTC, and the adjustment of SOL's daily candlestick is temporarily coming to an end. BTC will continue to pull back. The difference is that the overall market is stronger than SOL, as SOL adjusted to the 2-daily candlestick Bollinger Band midline last night, while it will be difficult for BTC to adjust to that level (85755) for a while, as the support above and below 90,000 is very strong. Bearish traders find it much more challenging and demanding to take profit from a 10,000-point pullback in BTC in one go than to engage in small swing trading.
So if you are going short-term and buying low, go long. Today we are mainly promoting Solana and then ETH. BTC is generally in a sideways trend within 3,000 points, which gives altcoins the opportunity to go to the moon.
The biggest difference between the current volatility and the volatility from April to September is that altcoins were all falling with BTC in the previous period, while now BTC is falling and altcoins are rising. This indicates that the market's fund size has relatively increased without significant outflows, but rather a rotation back and forth. Therefore, altcoins are not completely synchronized with the rise and fall of the BTC market. This phenomenon will return to normal after BTC breaks through the 100,000 milestone in the future.
thanks 🙏