Last night's market movement directly wiped out $220 million in liquidity, with over 85,000 people liquidated to zero. Mainstream coins first rebounded to drive Altcoins, #BNB was pushed by #OKB to break a new high, getting closer to the $1000 target I mentioned. Bitcoin encountered resistance around 115000, but the pullback was not significant, with the 4-hour MACD forming a golden cross at the bottom, looking short-term towards 115700.
Ethereum completed an upward move in 4 hours, potentially retracing to 4200 today, still overall healthy. I previously warned not to despair at this stage, $DOGE, $UNI, $BNB, $OP, $RSR could potentially explode if the overall market remains stable.
Regarding Altcoins, I've mentioned this multiple times before (you can check historical articles), today's article will break down these Altcoins: Communication+V: c13298103401
ETH: Fourth attempt to break 4000
This time Ethereum breaking $4000 is the fourth attempt in nearly 500 days. Many are conflicted: Is the bull market in its mid or late stage? My view is: no need to overthink. The trend continues, in a bull market, just hold on, even if not buying at the lowest point, long-term prospects remain promising. The real question is—are you a long-term or short-term trader?
Misposition, and your mindset will be led by emotions. Remember: there's no "free money" here, whether you can earn depends on execution, not fantasizing about perfectly buying the dips and selling the tops. Don't be misled by short-term fluctuations, look long-term, the bull market opportunities are just beginning.
BNB & OKB: Platform Coin Game
BNB's trend is quite stable, retracing and breaking through again, with the target still in four digits. Now back around 880, just 20% away from a thousand. $OKB's potential cannot be ignored. Backed by compliance, burning, and cross-chain heat, it may likely replicate BNB's 2021 trajectory, rising to an unbelievable level. As the global second-largest platform coin, its market value depression is being underestimated.
#DYDX: Descending wedge, already below issue price, personal view is 1.9 as a conservative target, consider partial profit-taking if it hits 2.78. Communication+💬Q: 3806326575
#SOL: ETF listing on October 16th, speculation expectation is obvious. Resistance around 185.8 has been broken, short-term long at dips, targeting 200 directly.
#RSR: Stablecoin + payment system narrative, on-chain collateral, clear positioning. After three retracements, short-side volume has decreased, support remains. Batch entry around 0.75, trend still upward.
#UNI: Same old view, underestimated leader, market cap could potentially challenge BNB's height.
Recommended Articles: [Links omitted for brevity]
Where is the market's next narrative?
The hardest part of a bull market isn't tracking BTC's rise, but determining the next "big narrative". The last cycle's MEME coins ignited sentiment, but now those hot scripts are mostly exhausted. Market makers will still create FOMO, forcing retail to take the last bag. The market needs a new story, and I believe the answer might be:
- RWA (Real World Assets on-chain)
- DeSci (Decentralized Science)
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