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Post #6546
4.35K
🎯 THE BEGINNING OF THE END?
A few thoughts for you 👇🏻
I'm not counting on base assets today, since today is an official US holiday in honor of Labor Day there won't be much volatility during the main trading session, maybe just small moves on BTC and gold + traditionally before the Fed meeting, when most expect a negative outcome (currently a rate hike), markets usually dump in advance
But shitcoins are feeling great right now, especially against the backdrop of a local altseason on DEXs. If you think about it from the outside, there's a solid pre-heating going on:
-Bitcoin's rise is bringing back attention from large funds
-X's on shitcoins and stories of how someone turned a grand into $500k are bringing back retail attention
And all of this coincidentally happens when BTC is at the strongest levels of the cycle. It's exactly the same as in January, when BTC went from 82k to 98k, alts pumped a bit and then everything dumped within 2 weeks, and BTC ended up at 60k
Waiting for the same again and BTC at 40–50k? Or is this the beginning of a bull run? What do you think? 🔥
A few thoughts for you 👇🏻
I'm not counting on base assets today, since today is an official US holiday in honor of Labor Day there won't be much volatility during the main trading session, maybe just small moves on BTC and gold + traditionally before the Fed meeting, when most expect a negative outcome (currently a rate hike), markets usually dump in advance
But shitcoins are feeling great right now, especially against the backdrop of a local altseason on DEXs. If you think about it from the outside, there's a solid pre-heating going on:
-Bitcoin's rise is bringing back attention from large funds
-X's on shitcoins and stories of how someone turned a grand into $500k are bringing back retail attention
And all of this coincidentally happens when BTC is at the strongest levels of the cycle. It's exactly the same as in January, when BTC went from 82k to 98k, alts pumped a bit and then everything dumped within 2 weeks, and BTC ended up at 60k
Waiting for the same again and BTC at 40–50k? Or is this the beginning of a bull run? What do you think? 🔥
