Bitcoin's strength followed by Layer 1s, Memes preparing for another push?

15/9/2024

With Bitcoin showing clear strength, and our swing trade model going long, it's time to closely monitor the broader market in order to position accordingly.

While most sectors are lagging behind Bitcoin right now (which is a positive sign if this demand is real) in the coming weeks/months the wealth effect will likely spread into smaller sectors, as it has in previous instances.

Currently, L1's are leading the charge; a healthy sign for the market’s foundation.

From a fundamental standpoint however, meme coins are doing what's necessary in order to outperform at the later stages; destroying everyone left and right.