A widely respected cryptocurrency analyst has named two altcoins he is bullish on as Bitcoin (BTC) reclaims the $38,000 range.
pseudonym trader The Flow Horse says The 188,000 followers of social media platform
“Things I’m optimistic about.
Consistent leaders in this movement – SOL and LINK are good examples.
Any project that can be substantially related to artificial intelligence.
New coin with fewer carts available. “There is no psychologically burdensome bearish price history and no backholder overhang.”
Chainlink is trading at $14.58 at the time of this writing, up 2.2% in the last 24 hours. Meanwhile, Solana is trading at $57.92 at the time of writing, up 5.6% in the last 24 hours.
merchant island predict The market will remain strong ahead of the U.S. Securities and Exchange Commission’s (SEC) decision to approve a spot BTC exchange-traded fund (ETF). He said that if the ETF is approved, the market would likely rally before selling off.
“A lot of people are being cut off right now.
Here are my two cents: No one is selling in any significant volume prior to the ETF decision, and what we are seeing is a spot dump with some leverage losses and immediate buybacks. If a flush happens before you can make a decision, it’s probably the kind worth staying away from your desk for. Because if you get distracted, you’re more likely to not sell to the bottom and see it bounce back. Later trading session.
The Chicago Mercantile Exchange (CME) is taking a long position all the way through, even though rolling up the futures curve is expensive. (Sell low and buy higher over time) So when ETF news breaks, expect the market to move higher. This is when TradFi (traditional finance) starts to benefit late retail momentum chasers. This is really easy spot trading. If you’re short selling, keep it tactical.”
At the time of writing, Bitcoin is trading at $38,164, up 2.8% in the last 24 hours.
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