There are bulls, of course, but not crazy bulls. Now it is 9.2w, and will soon reach 9.3w. Meanwhile, Ethereum is 3290. The real bull market will have to wait until 1.05 when Trump actually takes office and introduces policies to support virtual currencies. All behaviors that meet expectations will have a large-scale correction.
November 14th,
OKX reported an increase/decrease of 90/180, 1/3
The top 20 stocks by market capitalization rose/fell 15/5, 3/1,
The only coins that rose more than bitcoin were $DOGE and pepe.
The overall market fell, with BTC leading the way. The BTC index of other mainstream currencies fell, which means that other currencies have depreciated compared to BTC.
Everyone is only concerned about BTC, not the cryptocurrency circle. Money is not overflowing into the cryptocurrency circle, but actively flowing into BTC. At this time, BTC has a huge bubble under the background of market sentiment. The shorts have become fuel again and again, and the longs have become more and more greedy. Now BTC is overvalued.
With the support of BTC ETF, more off-market funds will flow in, and BTC can reach 9.5, 10.5, or even 13, but it may only take two days for it to reach 7.5 or 6.5.
Now only BTC is bullish, but it has not been able to drive other mainstream currencies. A correction force has appeared in the past two days. Now it is 1.20 in the morning of the 14th. Only BTC, $SOL , and Doge have met the CPI expectations. In two days, that is, on the 16th, or even the 15th, there will be a large-scale correction. If you want to break the correction cycle, there can only be another shocking good news in a short period of time to boost the market again.
In a word, whether it is bullish or not depends on the main force. If the investors themselves do not pull up their own coins, it means that the market sentiment is not in place yet. Be patient and wait until some wild coins start to become agitated, which means that the market sentiment is in place.
