$BTC $NOT What's happening with the market right now. Firstly, Bitcoin has updated its all-time high. Everything is as I expected. The market was pumped well on the expectations of Trump being elected president. Yesterday went by even without any extraordinary volatility. Tomorrow we also await the Fed's decision on the interest rate. A decrease of 25 basis points is expected. This is precisely why the market continues to grow. If the rate is lowered, we may see another strong surge of Bitcoin to the $76-77k range. But, frankly, I wouldn't really want that.
I understand that the market is heavily overheated right now. Despite a local correction to the $67k zone, Bitcoin shot up from there to its all-time high almost instantaneously. This is not good. The fear and greed index reached as high as 70. I suspect that by the end of the week, Bitcoin will drift sideways, after which we will face a deep correction. Depending on tomorrow's events, I think Bitcoin may drop to at least $65,000. If it updates its all-time high again tomorrow or the day after, the correction will be even more painful. There will be plenty of reasons for a crash, whether it be another attack from Israel/Iran or challenges and subsequent lawsuits related to the election results.
Unfortunately, Notcoin, despite the active growth of the market, is still showing itself weakly. Currently, two key support levels have formed in the zones of $0.0055 and $0.0045. I tend to think that during a deep correction of Bitcoin, the first one will unfortunately be broken. Ideally, it should stay above $0.005 at least. If this level is also broken, then we can consider updating the all-time low. Yes, for now, that's how it is. I don't like it either, but there's nothing to be done.
In general, the coins of the TON ecosystem that I observe are not doing very well. In fact, neither is TON itself. Of course, this can be attributed to the deplorable state of altcoins in general, but I think the problem lies elsewhere. Firstly, it is the unstable state of the ecosystem, the loss of trust from a certain part of people due to the listing of failed projects. Secondly, as I mentioned recently, both large and not-so-large investors are waiting for Pavel Durov's complete release. I have already understood that without this, we should not expect active growth leading to new highs.
My letters in Pavel Durov's messenger are top1verunvnot.
