Market Insights
BTC.D - are we there yet?
On October 1st, I predicted an increase in BTC.D, and now BTC.D is rising as expected.
BTC up - BTC.D up - altcoins slightly up
BTC sideways - BTC.D up - altcoins declining
BTC down - BTC.D up - altcoins drop deeper than BTC
This is the situation we've seen so far in October.
Many people are already feeling angry, confused, and desperate about altcoins.
If there is a lack of overall expectations for the market, such emotions are quite normal.
BTC.D is still a bit short of hitting the resistance level; I believe there is still some upward space.
Whether this upward movement is achieved through BTC rising, altcoins slightly rising,
or through BTC moving sideways, altcoins declining,
or through BTC dropping, altcoins dropping deeper,
it's currently uncertain.
(Therefore, the USDT trading pairs of altcoins may hit bottom at any time - this is also the reason I am bullish on coins like $POPCAT, which I believe are at significant lows.)
What can be confirmed is that the upward space for BTC.D is limited; 59.87% and 60.31% are resistance levels, and it is highly likely that these are the two extreme positions for a BTC.D rebound.
After the BTC.D rebound ends, we will see BTC rise - BTC.D fall - altcoins surge, which we believe is the best opportunity for altcoins.
This article is sponsored by #BCGAME | @bcgame @bcgamecoin
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