CEX deeply deploys the meme coin market: PEPE and SHIB become the new favorites, is it a wise choice under the market trend

There may be many aspects, and the following are some possible explanations:

Market trends and popularity: PEPE and SHIB, as meme coins, have wide popularity and popularity in social media and cryptocurrency communities. This popularity makes these two tokens have high market demand and trading volume, providing CEX with opportunities for profit.

Investor confidence: The accumulation of PEPE and SHIB by large investors such as whales and market makers has brought optimism to the market and enhanced investor confidence in these two tokens. As one of the main players in the market, CEX can further promote market sentiment by buying these tokens and attract more investors to participate in transactions.

Technological innovation and uniqueness: PEPE coins use unique NFT technology to record the ownership and authenticity of each coin on the blockchain. This design that combines digital scarcity and uniqueness has attracted the attention of many investors. SHIB, on the other hand, is unique in the cryptocurrency market with its unique community culture and governance mechanism. CEX chooses to buy these innovative and unique tokens, which can demonstrate its keen insight and foresight into market trends.

Potential application scenarios and partners: PEPE coins have potential applications in some specific industries, such as finance, the Internet of Things, etc., which also increases its investment attractiveness. SHIB has successfully created a virtual collectible value through its community governance mechanism and cooperation with artists. CEX can further expand its business scope and partnerships by buying these tokens, laying a solid foundation for future development.

Risk management and asset allocation: For CEX, buying a variety of different types of tokens can achieve risk diversification and asset allocation. As one of the popular tokens in the market, the price fluctuations of PEPE and SHIB may have an impact on CEX's overall returns. However, by reasonably allocating the proportion of different tokens, CEX can reduce the risk of a single asset and achieve a stable return.

It should be noted that the above explanation is only one of the possible reasons, and the specific reasons may vary depending on market conditions and CEX's own strategies.
#市场趋势 #比特币趋势 #CEX #香港加密货币ETF

🚀 Analysis: Bitcoin breaks through the downward channel, indicating a strong bullish signal? 🌟

The price of Bitcoin broke through the $66,000 mark yesterday, setting a record for the largest single-day increase since August 23! This exciting news has made the entire cryptocurrency market boil. But don't rush to celebrate, the daily candlestick chart shows that the market outlook is still neutral, because Bitcoin is still in a long-term correction downward channel.

However, the dawn of hope has appeared! The successful breakthrough of the 200-day exponential moving average, the bull support band, and the long-term downward channel in the daily chart on Monday released positive signals.

This is similar to the low of nearly $30,000 since October 2023, and seems to indicate that the broader upward trend has regained dominance. If this trend continues to be bullish, the price of Bitcoin is expected to break through the historical high of $73,000.

The key point of market analysis is to focus on price movements and trend changes, rather than time factors. This feature allows traders to more effectively filter out irregular price fluctuations and noise, thereby more accurately assessing the current trend and potential trend reversals.

🔍Despite the breakout of the descending channel, challenges remain! 🚧

Although the breakout on the daily chart provides the possibility of a rebound to new highs, traders should remain cautious while being optimistic. At the same time, the candlestick chart shows that bulls have not been able to stand firmly above $70,000 since March, and this level may once again become a strong resistance to the upward price.

Therefore, traders still need to pay close attention to the possible invalid bullish signals on the daily chart, which may indicate that the price will fall back into the descending channel. As shown in late September, the failure of the breakout is often accompanied by further price declines.

👀 What do you think? Do you think this breakout of Bitcoin is a real bull signal or just a flash in the pan? Do you agree that $70,000 is the next major resistance level for Bitcoin?

#比特币突破 #加密货币市场动态 #比特币趋势 #交易策略 #市场分析

$BTC Bitcoin Market Analysis
Currently, the price of Bitcoin is consolidating around $69,000. Yesterday morning, we suggested opening a long position in Bitcoin, believing that it is likely to break upward. Although there was an upward breakthrough yesterday, it did not break through the previous high point and is still in the range of fluctuations.

At present, an expanded triangle may be formed, which requires more observation. The general direction continues to look upward, and the short-term fluctuation time will increase and the range will expand.

#开单建议
Yesterday's long position near 67000 was closed at 69400. Today, we will mainly observe.

#BTC走势分析 #BTC突破7万大关 #比特币趋势

The current trend fluctuates around 63500, falling to around 63221 and then rising to around 63500
After the correction, it can be seen that it will stabilize around 63500 and start entering the market $BTC $ETH #比特币趋势

Arrange long orders to enter the market
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#比特币趋势 $BTC

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I can't find any reason to be bullish. Remember, this is a rebound, not a reversal!
If you insist on saying that yesterday's surge was a reason, then I can only say that we are not on the same page and cannot communicate. The only bullish factor is the approval of the ETF.

My underlying logic for being bearish is: if there is no major correction, there is no way to play later. If you are the庄家, how would you pull up the current market? Retail investors are still showing off how much they have earned and how many times their investment has increased.
Think from the perspective of the庄家, and everything will be easy to understand.

A correction is not in the best interests of the庄家, and no one can go against the trend. #比特币趋势 #BTC

Market trend:
BTC fell and failed to stand on the weekly line. After the popularity of on-chain coin, the market usually adjusts.
US stocks plummeted, hitting the biggest drop in a year.

1. Old games such as BNX, Alice, Dar, TLM, and Gods rose. BNX proposed to destroy 74% of tokens.
2. RPL, REX, and ETHFI, which are pledged by ETH, rebounded. SEC said that POS pledge of ETH ETF may turn around.
3. BTC inscription SATs rose, and the market value was close to ORDI. This round of 3 times is one of the best targets for rebound. #比特币趋势 #币圈

🔍 Bitcoin ETF demand surges, short-term holders profit, but overheating in the futures market may indicate risks📉

On September 30, according to CryptoQuant's X tweet analysis, BTC has risen by more than 23% in the past three weeks, from $52,500 to more than $65,000. The analysis of this strong momentum is partly due to the increased demand for Bitcoin spot ETFs in the investment market.

On the other hand, short-term holders are investors who have transferred Bitcoin in the past 155 days, with an average purchase price of $63,000, which is currently expected to play a supporting role. Therefore, short-term holders are currently back in profit.

In addition, the futures market shows signs of overheating, with current open interest in contracts at about $19.1 billion. Since March 2024, the indicator has exceeded $18 billion six times, and each time it has ushered in a price drop, and this is the seventh time, which may indicate that futures prices may face the risk of falling again.

At the same time, the holdings of spot Bitcoin ETFs are gradually turning into supply for long-term holders. Although this phenomenon seems to indicate a bullish market on the surface, historically, such position transfers often occur at the end of bull market cycles.

💬 How do you think Bitcoin's current price trend will develop? Does the overheated futures market make you cautious about your Bitcoin investment strategy?

#比特币趋势 #ETF动态 #期货市场风险 #比特币ETF