Today is October 8th, BTC price is 122,558.
Before the BTC adjustment, we notified to reduce positions and clear out old coins, keeping the new coins. During this round of adjustment, we see that the new coins from institutions have not followed the decline, so my previous prediction is about right. You can see that the on-chain "shitcoins" have expectations to reach a market cap of several hundred million with ALPHA, while these institutional ALPHA and contract-synchronized coins have a market cap of over 10 million. How much more can they drop? Still, the same saying, cherish the opportunity for Binance to refresh its inventory.
Back to the market: BTC has adjusted down to 121,000. Now there are two scenarios: the first is that the adjustment has ended, and we see that new coins have started to rise; the second scenario is that it will continue to move sideways here and then drop to 119,000. This is the limit position. In other words, if there are signs of a drop to this level, spot trading can bottom-fish, and contracts can go long. Alright, I've made the market situation very clear. Hold onto your VC new coins and don't worry; a drop is an opportunity. See you tomorrow.
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