Most altcoins only bounce around twice a year, getting a bit of excitement at the beginning of the year and then another stir at the end of the year, while the rest of the time they basically slide down in a bumpy manner. When they rise, it's quite fierce, making you anxious and hesitant to jump in; just when you muster the courage and take the plunge, they start to pull back, which is truly a mix of laughter and tears. When altcoins pull back, opportunities are rare, so you must be bold enough to take action, as March next year might be their peak for this year. Now, let's analyze it closely tonight:

Today is Double Eleven, and the crypto market needs to guard against a 'discount' trend; if it has a promotion, we can take the opportunity to sell part of our holdings and wait to buy back at a lower price.

Next week is likely to be lively in the market, as Federal Reserve officials will be speaking, and important data like the US CPI and PPI will also be released. Some funds will be cautious of risks and will definitely withdraw first.

Looking at the liquidation chart, there are hardly any shorts left to be squeezed, while the longs are all holding strong.

The funding rates for Bitcoin and Ethereum on Binance have doubled, which might be a bait to lure in longs and then trap them all.

Currently, the number of open positions in BTC contracts across the network is approaching 600,000, valued at $48 billion, which is a historical high. With the shorts already squeezed out, the longs need to be cautious as the risks are significant.

If you are going to buy, focus on those leading altcoins that have surged; do not easily touch those weak low-priced coins. To make big money, you need to find those with a large reservoir.

I just saw a tweet that over a hundred million in shorts were liquidated. In this market, it's now about large players eating other large players; the short squeeze is too fierce.

Historically, whenever the greed index exceeds 80, Bitcoin tends to drop at least 10% within two weeks for a correction. We need to stay alert and not get trapped.

Recently, I plan to set up an ambush for a potential coin that is about to explode; doubling is quite simple, and I am also looking for some potential coins to hold until the end of the year, where expecting a tenfold increase is not a problem, but spots are limited! If you want to keep up, like and comment.