In October, Bitcoin's upward momentum is strong, about to challenge $70,000

This position is well-known as a critical resistance level.

From past historical trends, these attempts have all ended in failure.

Calculating this time, it has already been the 7th attempt to challenge $70,000; it has oscillated for 7 months, exactly once a month.

I don't know if it's a coincidence or if someone has meticulously designed it, but it doesn't matter much to us.

Seven months is enough to change countless people's investment mindset; no matter how firm one was in the past, there will be some doubts.

My personal view is: this time is a true breakthrough, and the probability of stabilizing at $70,000 is very high.

In previous attempts to challenge $70,000, the highs and lows were moving downwards, while in the last two attempts, the highs and lows have been moving upwards.

Additionally, the bullish volume is gradually increasing, and the bullish candlestick bodies are also gradually getting larger.

All of this indicates that the bears are starting to weaken, and the bulls are showing strong signals.

The above conclusions are drawn from technical analysis.

Personally, I have great trust in the conclusions drawn from technical analysis, and I am willing to back it up.

Now the trend has become clear, with continuous capital inflow from ETFs, Bitcoin is definitely heading for a bull market.

The remaining test is the coins in everyone's hands; it depends on whether you have 100% confidence, whether you can hold on, and whether you can eliminate distractions.

The biggest taboo in trading coins is impatience; it's normal not to have a market, and it's also normal to have floating profits and losses; relax and take it slow. Over time, if you endure what others cannot, you will naturally stand out and become the winner.

Following this line of thought, the bull market will definitely yield abundant rewards.

What are the first coins to rise in a bull market? Which ones rise the most early on?

It's not altcoins, but BTC. Since 2023, BTC has maintained a twofold increase, while most altcoins have long since fallen back to their starting points.

So, at least allocate 40% of your funds to BTC and ETH or BNB.

This ensures that you make money first when the market is good and lose less when the market is bad.

As for how to allocate the remaining 60%?

First choice: MEME coins track, such as TURBO, PEPE, NEIRO. For leading meme coins, buying spot after a 50% drop usually results in significant profits.

Next is the SOL ecosystem: for example, SOL is also worth accumulating during dips, followed by the two major ecosystem leaders, JUP and JTO.

Pay attention to the AI sector: AI will definitely be the darling of capital in the future, a hotspot pursued by global funds, and the crypto world will be no exception. Where the popularity lies, it must be allocated and monitored, such as RNDRA, LPT, ARKM.

The final tier: the RWA sector's ONDO needs to be closely monitored.

The Bitcoin ecosystem's BB and Merlin also need to be tracked.

The above is the strategy for spot allocation; I do not trade altcoin contracts, so I will not discuss contracts.

If you have tens of thousands, following my allocation can easily earn you ten times; if you only have a few thousand, you can ignore me because the principal is too small, and you can only gamble with contracts.

The article is time-sensitive and for reference only; it is updated in real-time.

Focusing on K-line technical research, sharing global investment opportunities. Public account: Crypto悟饭

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