Big cake BTC has reached $120000, Ethereum has reached $4800$
Sonara SOL has reached $250 in Binance and BNB has reached $1000$
All have reached new highs, the highs of other wild imitations
What’s the next step?
BNB and ETF concept Sol take over the banner and lead the rise
Firstly, after the interest rate cut, the macro outlook has been positive, with the US stock market soaring to new highs. On the other hand, the overall situation in the cryptocurrency market is lukewarm, neither rising nor falling. After this period of consolidation, it is time to change course, and future market expectations and logic will return to the financial and technical aspects. Both Da Bing and Ethereum are still in the stage of consolidation and convergence, and there is no direction in the short term.
Because there is no sign of a surge in volume at the top, Bei Jie believes that both Da Bing and Ether still have the possibility of reaching new highs, but it is also advisable to prepare for the worst. Assuming that August 14th, 124474, is the peak of the current bull market in the Big Dipper market, then referring to previous history, there are at least two to three months left for other currencies to reach their peak. Therefore, the market must at least reach the end of October or November, with enough time to escape the peak. If we cannot reach a new high next month, the risk of peaking will increase over time. Conversely, if we can break the new high, the risk will temporarily come into contact. We are closely monitoring the key signal of whether the pie can reach a new high.
This month, OKB skyrocketed first, and BNB also set a new historical high for ATH this week. Platform coins often reach their peak in the later stages of the bull market. While being optimistic, this should also raise concerns. Of course, this does not mean that platform coins will reach their peak in the short term. The takeoff of the platform coin sector is a good thing for activating market sentiment, and the willingness of large institutions to pull market shares and bring liquidity to the counterfeit market is definitely a good thing.
So the sector that will lead the rise next is definitely the ETF concept sector. October is the time window for the centralized approval of several spot ETFs such as SOL, XRP, ADA, and DOGE, and the gray scale comprehensive ETF has already been approved. We believe that the expected speculative market will continue.
The most popular SOL is already strong enough, and at a price of 250, Beijie is already very satisfied. She plans to ship in batches or finish work by the end of next month. In the past month’s market, ETF currencies are still worth investing in and holding, and I believe this will be the theme of the upcoming market trend. Further stimulate the outbreak of the knockoff season through the rise of these mainstream currencies in the market.
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