11.18 Market View: BTC's Bear Market, ASTER's Bull Market
Yesterday I mentioned that ASTER is currently the hottest platform token, and it's a great choice for liquidity and incremental buying right now. My main position has been in ASTER lately, and when BTC dropped to 90,000, I actually made a profit because I held ASTER. I must say, ASTER is the best safe haven in a bear market.
Today during the day, BTC actually broke 90,000. It's clear that this isn't due to selling from the Americans; it’s likely that institutions that suffered major losses on 1011 are panic-selling BTC to cover their funding gaps. They might be hoping to buy it back at a lower price! This situation is expected to last for a while, but there is indeed a demand for a rebound here. Once the rebound is in place, consider shorting BTC.
