Bitcoin Retreats to 67000 Must Hold Steady Pullback Brings Opportunities Focus on These Five Major Tracks

Coin World News Report:
Yesterday, Bitcoin led the way in a correction, and altcoins stopped rising.
Bitcoin initially surged to $69,000, wiping out some short positions with high leverage. However, as US bond yields rose, market selling pressure emerged and Bitcoin turned from rising to falling. It quickly dropped below the $67,000 mark. Currently, Bitcoin is showing signs of weakness and with the arrival of the US earnings season, investor sentiment is becoming cautious. It is expected that there may be a slight correction this week. At the time of writing, Bitcoin is trading at $67,641, down about 2% in the past 24 hours.


If you panic when it rises and panic when it falls, then I advise you to leave this market early.
Bitcoin has been rising for more than 10 days before experiencing a slight correction. Can the bears also reach a climax? I don’t understand the bears’ G-spot. If it is a complete upward trend, from a time perspective, we are only at the starting point. What we should do now is to make plans and conduct research and analysis, instead of letting emotions dominate our decisions based on the ups and downs of the candlestick chart.
Since Bitcoin fell below $60,000 on October 11th, it has been in an upward trend, so the pain of a temporary pullback was expected!
In fact, it is normal for this market to rise and fall. There is no market where it only rises without falling. For a trend, it is not affected by anything and a continued upward movement after a pullback is the healthiest trend.
In summary, the current decline is an opportunity to buy at a low price, and what we need to do now is to find the right entry point to place orders.
The real test is this kind of market: rise for three days, pull back for one day, and oscillate for two days.
However, when looking at the market, we should not only look at the current price, but also analyze and summarize from the past trends, and find some patterns.
Only by drawing conclusions from these objective facts can we get closer to the truth and decide whether to continue holding the coins or wait and see.
Entering October, the only thing worth doing is to choose the “dark horse” in the strong sectors, which is the only opportunity for ordinary people to overtake on the curve.
Don’t blindly follow or buy without reason. After experiencing 7 months of consolidation, we should learn to take profits from big moves and abandon opportunities that we don’t understand. Forget about the myth of getting rich quick with altcoins and be more practical.
Today, let’s sort out some of the tracks that this bull run is bound to explode: 1. Bitcoin ecosystem
Leading meme coins like DOGE and Shiba Inu, as well as projects like SafeMoon and Frog, personally, I don’t worry about whether they will break even or not. Breaking even can never be the basis for selling. We are not here to break even.
2. Meme track
This round is called the meme super cycle. There’s really not much to speculate here. Let’s get back to the essence and call BTC the biggest meme.
When dealing with meme coins, if you don’t have the ability to investigate on-chain data, you often enter at the peak when many memes are surging. Instead, focusing on the old meme coins like Dogecoin and buying when they fall back is easier to make more money than blindly chasing new meme coins.
3. Solana ecosystem
SOL is still the king of the altcoin market. There’s no way around it. If Ethereum doesn’t act for a day, SOL will steal its traffic, just like how Duoduo steals Taobao’s traffic. SOL is rising too fast, and those who fear high prices will go down to buy projects on the SOL network, such as BONK, WIF, BOME, JUV, etc.
4. AI track
This track is what all of humanity is currently looking forward to and aspiring to. The founders of top technology giants are all working hard in this direction. It will take some time for it to truly land. But if this track doesn’t catch fire this bull run, I really don’t know what will. ARKM, FET, WLD, etc., there are some good AI projects. It depends on the founders’ strategies and specific actions this year.
5. Gaming track
Everyone loves playing games, and new gameplay is always popular. So games have to follow the new trends. Otherwise, just stick to gaming public chains and gaming platform projects. YGG, MC, IMX, Magic, etc.
Altcoins can complete the journey that Bitcoin takes 1-2 years to complete in just a month, a week, or even a few days. When trading, the most important thing is to understand your own capabilities. If you don’t grasp the main storyline of altcoins well, then holding onto major cryptocurrencies and a few altcoins you believe in without changing positions until the timing is right or the price reaches your expectations would be a good strategy.