Will BTC drop to 12,000 again? Will there be another bull run?
Here are some personal thoughts: Europe’s first spot Bitcoin ETF is listed in Amsterdam, with only 8 months left before the BTC halving, and only 7% of the total Bitcoin supply still available on exchanges.
BlackRock, which manages $10 trillion in assets, has applied for a BTC spot ETF. Currently, 92.6% of all Bitcoins have been mined.
Scarcity is becoming very real and is getting a lot of attention. Personally, I don’t think we will see BTC prices go any lower than they are now.
This could be your last chance to buy all your favorite coins at a discount before BTC soars.
The next few months will be crucial! Don't miss this opportunity.
How to choose the most valuable coins on Binance?
Regarding how to choose valuable coins on the Binance exchange, you must first have a logic for choosing coins, and your logic is the factor that supports your coin selection.
For example, if your coin selection logic is storage, you can select by priority from Ar, Fil, etc.; if your logic is L2, you can sort by Op, Arb, etc.; but since you have come to Binance Exchange, you should believe in Binance's coin selection logic.
Next, let’s talk about Binance’s coin selection logic. First of all, Bitcoin, Ethereum, and BNB are definitely the first priority. Without Bitcoin, there would be no virtual currency, and without Ethereum, there would be no current prosperity. BNB is the embodiment of the value of the Binance Exchange.
Secondly, among altcoins, launchpad has the highest priority. There are quite a few 100x coins in Binance launchpad. Then there are Usdt trading pairs. Generally, altcoins that open Usdt trading pairs have good popularity, liquidity, and concepts, so Binance opens all trading pairs for them.
Then there are the BNB trading pairs. Some projects incubated by Binance are not widely recognized by the market, but are valued by Binance. They can enjoy the spillover of Binance traffic. Such altcoins generally only have BNB trading pairs opened, and no Usdt trading pairs.
There are also some that only have BTC trading pairs. This type of altcoin has basically only met the listing conditions of Binance, and is inferior to other coins on the Binance exchange in all aspects. Therefore, you need to be relatively cautious when choosing this type of altcoin because they have relatively high risks.
For example, the altcoin Snm that was to be delisted a few days ago is an old altcoin. It does not have a Usdt trading pair. You should know that in the past, when a certain coin was listed on the three major groups with a Usdt trading pair, it would explode. The Usdt trading pair means that liquidity, trading volume, and users have all reached a higher level.
Therefore, when choosing coins on Binance, you must know Binance’s classification logic so that you can choose better altcoins.
My current personal views on BTC's short-term market trends:
Four price ranges to note:
1. Pay attention to whether there are false breakthroughs at BTC 26996 and 26318. If there are any, consider shorting.
If 26318 is broken and stabilized, then consider 26996.
2. If you are going long, if there is a false break below 25588, consider going short. If there is a false break below 24098 and a quick recovery, you can go long and see how it goes.
A daily rebound is not considered for the time being. Although there is a pin at 25,300, it is not considered strong. If BTC falsely breaks through the previous low of 24,000 and closes with a long lower shadow accompanied by large trading volume, it will be considered.
Today’s article ends here. If you think it’s well written, you can click to follow and read~