Hello everyone, I am Ali, from Wujie Club. Wujie Club is a crypto community club focusing on primary projects, secondary transactions, airdrop tutorials and on-chain capture. The club provides market analysis, trading strategies, the latest airdrop information and project investment opportunities, and is committed to helping club members obtain comprehensive information in the Crypto field.
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Bitcoin hits $54,000 bottom, five major upward signals
Bullish divergences on the price chart, the prospect of a September rate cut, and an increase in M2 supply are some of the catalysts that could revive the Bitcoin bull cycle. Despite the volatility in Bitcoin prices and a five-month low, several key indicators suggest that bulls may still have the upper hand, hinting that the BTC price trajectory could pick up. Bitcoin (BTC) experienced a sharp drop in early July, with its value falling by more than 10.5% at one point, hitting a low of $54,000, mainly due to a market sell-off triggered by the Bitcoin repayment of Mt. Gox and the Bitcoin liquidation action of the German government. However, in technical analysis, a divergence has emerged between the decline in Bitcoin prices and the rise in the relative strength index (RSI), which is generally seen as a signal that the selling pressure is weakening and the downward trend may reverse. The market is generally optimistic about the prospects of Bitcoin's rebound and expects it to usher in a new round of rising prices.
First, the Bitcoin market is actively supported by multiple factors, showing a clear bullish trend. First, the bullish hammer pattern formed on July 5 and the oversold status of the RSI indicator both point to an imminent rebound in the market. Second, Wall Street traders are increasingly expecting the Federal Reserve to cut interest rates in September, which has had a positive impact on the Bitcoin market. A lower interest rate environment will reduce the appeal of traditional safe investments and in turn increase investment demand for risky assets such as Bitcoin. Third, after experiencing continuous outflows, inflows to Bitcoin ETFs have resumed, indicating that Wall Street investors’ risk appetite is rising. In particular, significant inflows into the Fidelity Wise Origin Bitcoin Fund (FBTC) further enhanced market optimism.
Fourth, the growth of the U.S. M2 money supply has provided additional impetus to the Bitcoin market. This growth has increased liquidity in the economy, driving investment demand for risky assets such as Bitcoin, which has helped to push up Bitcoin prices. Finally, the Bitcoin miner capitulation indicator is close to historical bottom levels, indicating that the market may be approaching the bottom of the previous cycle. This trend reflects that some miners have scaled down their operations or sold their Bitcoin reserves under financial pressure, creating conditions for market recovery. These factors work together to indicate that the Bitcoin market may be about to usher in a wave of rebound.
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TON rises, seize the opportunity
The TON ecosystem has been booming recently, bringing abundant opportunities to investors and developers. The innovation of TON wallet and the enhancement of payment functions have improved user experience and transaction volume. The token lock-up strategy has stabilized the price of TON tokens and provided a safer environment for long-term investors. The deployment of TON native USDT provides liquidity support for DeFi applications, attracting more developers and projects. Fee-free transactions reduce transaction costs and improve transaction convenience, which is expected to attract more users to join the TON ecosystem.
On the technical level, TON plans to use sharding technology to expand its network to meet the growing needs of users. This technology will improve transaction processing capabilities, reduce transaction fees, and provide strong technical support for the long-term healthy development of the TON ecosystem. The rapid growth of the TON ecosystem also indicates its huge development potential, providing abundant opportunities for investors and developers.
Today’s recommendations are HOOK, ACE, KLAY, and CYBER.
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HOOK
HOOK coin is an encrypted digital currency based on blockchain technology, also known as Hooked Protocol. Its main features include decentralization, that is, it does not rely on central institutions or governments to issue, but verifies and records transactions through a decentralized network. These features make HOOK coin competitive and attractive in the cryptocurrency market. The current price is $0.483.
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ACE
ACE coin is a digital currency based on blockchain technology. It is not controlled by a central agency, and transactions are open and transparent to ensure fairness and credibility. It integrates real-world assets such as stocks, bonds and gold to provide investors with multiple choices and global asset allocation. Using PoS (Proof of Stake) mining, holders can earn income by participating in network verification and governance. Global investment allocation: supports global asset allocation, and investors can manage and trade assets anytime and anywhere. The current price is $2.925.
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KLAY
KLAY coin, as the native cryptocurrency of the Klaytn network, was issued by the Klaytn blockchain project launched by GroundX, a subsidiary of South Korea's Kakao, in June 2019. Klaytn is a service-centric distributed trust blockchain platform that focuses on providing a barrier-free user experience and a developer-friendly environment, providing a solid value foundation for KLAY coin. In addition, Klaytn's cooperation with multiple large enterprises and institutions is expected to further promote the development of applications and user activity of the network, thereby enhancing the value of KLAY coin. The current price is 0.1479 US dollars.
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CYBER
CyberConnect (CYBER) is a multi-chain decentralized social graph protocol that aims to create opportunities for developers to use social applications, allowing users to own their own digital identity, content, connections, and tokenized channels. The maximum circulation is 100 million, the total circulation is approximately 23.2492 million, and the circulation rate is 23.25%. The current price is $4.329.
Club Recommendation Review
1.【acre】
Akro, as a leader in the Defi sector, has recently topped the list of gains again. Recently, many currencies in the Defi sector, such as Beta and Lever, have emerged and occupied a prominent position in the list of gains. For Akro, a small-cap currency that has no contracts on BN, our team gave a clear holding suggestion in the afternoon survey, that is, buy at around 0.0047. Soon after, Akro ushered in a wave of rapid growth, and the current price has climbed to 0.0056, an increase of more than 15%. We have once again successfully grasped the pulse of the market and accurately captured the hot spots.
2.【RAY】
Like AKRO, RAY is also a token project on Binance that only has spot but no contracts. As expected, this type of token is the easiest to rise, and you can also look for potential targets to ambush in this way. The club found that RAY has been consolidating at the bottom for too long and has signs of rising, so it chose to ambush. It is recommended to open a position at 1.5, and the highest rise is 1.81, an increase of more than 20%.
Anything produced by Wujie must be of high quality.
Unbounded Club is a crypto community club focusing on primary projects, secondary transactions, airdrop tutorials and on-chain capture. The club provides market analysis, trading strategies, the latest airdrop information and project investment opportunities, and is committed to helping club members obtain comprehensive information in the Crypto field.
Thank you for reading this. A-li is with you. I wish you a happy life. Good morning, good afternoon, good night, and see you next time. #Ton_Coin_Surge #BTC_Bounce_Back_to_57k #SOFR_Spike #BinanceTurns7 #BinanceTurns7
