(The New York Times) pointed out on October 24 that the conflict between Israel and Iran has drawn global attention, mainly for the following reasons:
Firstly, both countries are the most powerful military forces in the Middle East. Israel has an advanced military and a large number of U.S.-made weapons, while Iran has a large-scale army and a strong ballistic missile arsenal.
Secondly, the war may lead to involvement from the United States and Gulf countries. The U.S. has increased troop deployments and provided advanced defense systems to Israel, while Iran has threatened countries with U.S. troops, declaring them legitimate targets for strikes.
Thirdly, the conflict could have devastating effects on the global economy, especially if Israel strikes Iran's oil infrastructure, potentially triggering supply chain shocks, driving up prices, and increasing the risk of economic recession.
Finally, both sides have a high risk of misjudging in the tense situation. Although both sides previously hoped to avoid direct conflict, Israel now seems more inclined to take risks and go to war, which may lead to an escalation of conflict due to misjudgment.
Bitcoin has also been impacted, previously dropping close to $60,000 due to conflicts. If the situation continues to deteriorate, Bitcoin may face another sharp decline, becoming a ticking time bomb in this bull market.
For the subsequent trend of Ethereum, the following aspects can be analyzed:
The risk of bullish sentiment: Currently, many people choose to go long, betting on price recovery, but the market is clearing prices by suppressing them. This indicates that bullish sentiment is relatively strong, but the short-term market trend may not support this sentiment, increasing risk.
Lack of hotspots: Ethereum's hotspots are significantly less than the ICOs in 2017 and DeFi in 2021. In 2024, meme coins' popularity has been captured by projects like Solana, leading to capital inflows into the SOL ecosystem, putting pressure on Ethereum.
Market Support Background: Ethereum is led by Vitalik Buterin, while Solana has gained support from Wall Street, increasing market confidence in SOL, which may further suppress Ethereum's performance. This structural change may make it difficult for Ethereum to recover in the short term.
If Ethereum tests the bottom again today and falls below $2462, a stop loss is a reasonable choice. Additionally, if the price rebounds to $2660, closing the position directly is also a wise operation. Staying flexible in response to market changes is key, especially in the current environment of high uncertainty. It is advisable to closely monitor market dynamics and manage risks effectively.
Let's take a look at the recently launched contract coins on Binance:
MOODENG: Currently the lowest market capitalization, with a price increase of over double today, making it relatively cheap. However, as it has not undergone adjustments, this does not align well with your investment system. The rapid rise in the short term could bring high risk, and caution is needed to observe its subsequent trends.
1000CAT: With a market capitalization of $254 million, it is of medium level. As an airdrop coin, the project team holds a significant amount of tokens, making it likely to go live on Binance spot in the future. The medium market cap and potential liquidity make it worth attention, but market sentiment changes should be noted.
Goat: Although it has high popularity, its large market cap and lack of adjustments do not match your investment style. High market cap and lack of adjustment may increase the risk, and it is not recommended to chase high prices.
NEIRO-ETH: Currently has a low market capitalization, has been listed on Binance contracts, and the big players are accumulating at the bottom, showing potential. If it can go live on the spot market later, it has a good cost-performance ratio and is worth paying attention to.
NEIRO-SOL: With a market cap of less than $5 million and having experienced a 30-fold decline, the big players are accumulating at the bottom with fluctuations. Due to its small market cap and significant adjustment range, there are both risks and opportunities, suitable for high-risk tolerators.
Overall, MOODENG and the NEIRO series offer a good cost-performance ratio, but close attention must be paid to market dynamics and the actions of big players. For other coins, it is advisable to decide on involvement based on personal risk preferences and investment strategies.
