Bitcoin retreats to 67000 must hold on firmly Pullback presents opportunities focus on these five major avenues

Coin World News Report:
Yesterday, Bitcoin led the way in a correction, and the rise of altcoins came to an end.
Bitcoin initially surged to $69,000 on the 21st, clearing out some short positions with high leverage. However, as US bond yields rose, market selling pressure emerged and Bitcoin turned from gains to losses. It quickly fell and retreated to the $67,000 support level. 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 small-scale correction this week. At the time of writing, Bitcoin is trading at $67,641, down about 2% in the past 24 hours.


When it rises, there is FOMO, and when it falls, there is panic. I advise you to leave this market early.
Bitcoin has been rising for more than ten days before experiencing a slight correction. Can the bears also reach a climax? I cannot understand the G-spot of the bears. If it is a complete upward trend, from a timing perspective, it is only at the starting point. Planning and research should be our focus now, rather than letting emotions dictate 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 channel, so the pain caused by a brief pullback was expected!
In fact, it is normal for the market to rise and fall. There is no market where it only rises without falling. For trends, they are not affected and continue to rise after a retracement, which is the healthiest trend.
In summary, the current decline is an opportunity to buy at a low price. What we need to do now is to find the right entry points and place orders.
The real test is this kind of market: rising for three days and correcting for one day, oscillating for two days.
However, when looking at the market, it is important not to focus solely on the current price, but to analyze and summarize from past market trends in order to find some patterns.
Only conclusions derived from such objective facts will be closer to the truth, and only then can you decide whether to continue holding or clear your coins.
As the market enters October, the only thing worth doing is to choose the “dark horses” of strong sectors. This is the only opportunity for ordinary people to overtake on the bend.
Do not blindly follow, do not buy blindly. After experiencing seven months of market shakeout, learn to take profits on a large scale and abandon opportunities that are not understood. Forget the myth of getting rich quickly through altcoins and be more practical.
Today, let’s sort out some of the tracks that this bull run will inevitably erupt in:
1. Bitcoin ecosystem
Leading projects like Ordi, DOG, and Node Monkey, as well as 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 is really not much to speculate about. We need to return to the essence. BTC is the biggest meme, that’s the truth.
When investing in meme projects, if you don’t have the ability to investigate on-chain data, often the peak is reached when a meme project emerges. Watch the old meme projects and enter when they come down. It is easier to earn more than blindly chasing new meme projects.
3. Solana ecosystem
SOL is still the king of the current altcoin chains. There is no way around it. If Ethereum doesn’t act for a day, SOL steals its traffic, just like how Duoduo stole traffic from Taobao. SOL is rising too fast. Those who are afraid of heights will go to SOL and buy projects like BONK, WIF, BOME, JUV, etc.
4. AI track
This track is what all of humanity is looking forward to and longing for. Top tech giants’ founders are all exploring this direction with all their might. It will take some time for it to truly land. But if this track doesn’t catch fire in this bull run, I really don’t know what else can ignite it. There are some good AI projects like ARKM, FET, WLD, etc. It depends on the founders’ leverage and specific actions this year.
5. Gaming track
Everyone loves playing games, and everyone loves new gameplay. So games have to follow the new trends. Otherwise, just focus on 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. Trading, and most importantly, understanding one’s own capabilities and limits, is crucial. If you can’t grasp the main narrative of altcoins well, then holding onto major cryptocurrencies while supporting a few altcoins that you believe in without changing positions until the time is right or the price reaches your expectations can be a good strategy.