$BTC reference period is 4H. The price has produced lower shadows multiple times in the 66600 area, but for me, it still needs an 'entity bar' to reach the 66600 area for support testing.
When the price entity bar reaches the 66600 area, if it drops below, then look towards the 65200 area. If a green candle closes confirms, then just follow in with a long position, with a stop loss below the 66600 area. Currently, the strategy remains to accumulate at lower prices, gaining strength for a while before making a more stable upward attack. So, patience in holding and accumulating at lower prices is key!
Bitcoin is currently fluctuating within a narrow range. We need to wait and try to avoid left-side trading, and instead wait for clear designated signals to appear before making a new market judgment.
Also, pay attention to when Ethereum becomes strong. Currently, after breaking 2700, it has been on a declining trend, unlike Bitcoin which has held steady, showing a relatively weak position.
Currently, the only point of contention in the market is the election.
No matter who wins the election, it’s a positive for BTC. The price of BTC is very likely to break new highs, but the extent will depend on who gets elected. If Trump is elected, the upper limit will be higher; if Harris is elected, it may be lower. There are 14 days left until the election! Let’s wait and see.
Two aspects of clones to focus on:
1. Game sector, most of the tokens launched by a certain platform since the end of last year are in the game sector. However, during the first wave of clones at the beginning of the year, the game sector hardly made any impact. After more than half a year of cleaning up, the peak has dropped nearly 90%, and now it is starting to show some strength little by little.
2. MEME sector, first speculating on various animals, frogs, hippos, BOME, etc., then speculating on the election PEOPLE on a certain platform, and now it has arrived at AI + MEME, where MEME will likely run through the entire cycle.
Other smarter clones have started to transform into MEME launch platforms, such as APE following the paths of SUI and APT, which has boosted the price of B. Additionally, DYDX and BAKE, which will also benefit later on. Now, you need to either follow along, switch to slightly more stable large-cap MEME, or blue-chip DEX types, or look for short-term opportunities for a price surge. Summarize based on the news; if you really don’t want to switch or make any moves, then just wait for Bitcoin to reach a new high before looking for other opportunities.
$PEOPLE
It is the only 'meme coin' directly related to the U.S. elections/political themes, and it has been listed on leading centralized exchanges. This project is U.S.-centered, supported by American founders and American capital seed funding.
A top exchange token directly related to the upcoming U.S. elections, its market performance is noteworthy. During the recent election debates, PEOPLE demonstrated strong relative strength.
$NEIRO
NEIRO is obviously this round's PEPE, with a very fair distribution of chips. PEPE saw a wash from May last year to February this year, increasing by more than ten times. Neiro surged from 20 million to 600 million after Binance's announcement.
$GOAT
GOAT, as an AI MEME coin, continues to hit new highs, and its market cap is likely to be even higher than last year’s ORDI. It hasn’t been listed on Binance yet, but its market cap has already reached $600 million. If Binance lists GOAT, then surpassing $1 billion will be a breeze.
