Powell said in the early morning that there is no rush to cut interest rates. In fact, you have to listen to this in reverse.
Especially at this sensitive stage, if the US dollar is eager to cut interest rates, it means that the US economy is indeed in recession. In order not to cause panic, it is necessary to show the market that it is confident. In fact, considering the current US economy and the potential crisis of US debt, it is estimated that interest rates will have to be cut quickly in early 2025.
After several days of rapid growth overnight, Bitcoin fell back to the 5-day moving average today, driving away those who had set stop losses along the 5-day line. It is currently at 87k.
This is understandable. As the price is suppressed again after rising again, the first stage has come to an end, and the main upward wave has to choose a way to end. The adjustment range will be seen in the rest of November.
In the short term, what we can focus on for Bitcoin is the test of 85,000-86,000, and the pullback to the rising trend line after the price enters the range of fluctuations. If the price does not fall below 85,000, it will still be treated as a volatile market under the background of a bullish trend. It is still the same as the previous view that you should not go all in. It is better to buy more when the price drops sharply and buy less when the price drops slightly.
In this wave of Bitcoin retracement, meme is still hot, attracting more foreign capital to enter the market, and the wealth-creating effect of the currency circle is about to start. It is ironic that the market value of a bunch of meme coins exceeds that of many copycat industry leading coins. Doge, shib, and pepe have reached a market value of tens of billions of dollars, which has driven the potential market value of meme coins in the future market. The meme coins that could exceed 100 million US dollars before now have a imagination space of 1 billion US dollars, which has brought great wealth effects to retail investors.
Personally, I think Bitcoin will not fall below 80,000 for the time being. After consolidation, there may be a new high at the end of the month. Next, various countries will follow the United States to make strategic reserves of Bitcoin like gold before, and then make a large-scale adjustment in late December. After the bankruptcy of FTX, Luna went to zero on 5.19, and 9.4+ various institutions liquidated. What is the current decline? At present, as long as there is a sharp drop, you can buy the bottom of the leaders of various sectors and the Meme sector currencies. Here is a summary of the key points:
1. Hippo launched the European Easy Spot Market, which made a wave of people rich. It seems that the primary market will become the mainstream in the future. This is the trend of Douyin replacing Taobao.
2: Nvidia will release its financial report on November 20th. I have already bought Render and Arkm.
3: Meme will continue to be a hot spot in this bull market. Every time there is a rebound, meme will be on the list of gains. Follow the layout
4: aave Today, the whale bought 11.57 million US dollars at the bottom, and the cost of buying the bottom was 153 US dollars. You can follow the dealer.
5: Apt will be listed on the Swiss 🇨🇭 Stock Exchange on November 19th, let's see how much hype there is
6: Dogs will continue to speculate on ETFs in the future, and callbacks can still be paid attention to
7: The market is hyping mascots, you can try small funds
Dragon 1 Wright Mascot:
5z3iCe53hUANTiG8Js8RjHNE2Arjik7L2CXLyr2rpump
Dragon 2pump mascot:
5PsnNwPmMtsGZgG6ZqMoDJJi28BR5xpAotXHHiQhpump
Dragon 3 coinbase mascot:
3FBowPDWesPkf9M4SDHom4ANrkowkLtZrsKod3Ezpump
Dragon 4 Binance Mascot:
41xx693uzU3FH7vmq2erpqc4kZWjwhSntJwAhZGRpump
FOMO sentiment has cooled down, but the little golden dog is still there
I have observed that many valuable projects, such as ltc, iotx, and io, have begun to transform into MEME coins, and even institutions like animoca have begun to issue MEME coins.
This shows that the market sentiment is a bit too FOMO. The sickles have begun to fall. There are too many leeks being cut and there are not enough leeks.
From an emotional perspective, this rise is mainly due to the stimulus brought by Trump's coming to power, and there is still some time before Trump officially takes office.
When there are no new events driving the mood, FOMO sentiment will naturally decline, which is inevitable.
Those with good spot space can sell part of it in batches. After all, the greed sentiment has been high recently.
The meme is purely driven by fomo sentiment. As the popularity keeps rising, liquidity keeps flowing in. Although there are many wild dealers in the middle, the main force is still built up by retail investors!
The 161-fold increase in the price of pnut in 7 days is obviously the result of market manipulation, not a normal market phenomenon.
The first wave of pnut’s rise was on November 11, with the market value rising from 39,947,617 to 386,934,318 US dollars, a direct increase of 10 times. What was the reason?
On the same day, pnut announced that it would list on Binance, Crypto.com, Bybit, Kucoin, OKX, and Pump.Fun. This means that the meme project has a very thorough plan. Under normal circumstances, how could Binance and OKX be listed at the same time? The only possibility is that they were discussed in advance.
The second wave of pnut's rise was on the 13th, with the market value from 386,934,318 to 1,702,165,733 US dollars. With a large market value, it can still directly increase by 6 times. So what did pnut do that day? Musk directly called for orders! That post was directly viewed by more than 43 million people. It was really crazy. The appeal of the Lord of Twitter is definitely not a normal market phenomenon.
What is Musk’s purpose in calling out orders?
1. Continuing the animal meme craze
2. Musk and Trump's team made a lot of money
3. Bitget, Binance and other exchanges have gained a wave of traffic and a good reputation in the community.
4. Didn’t they say that pumping makes it difficult for retail investors to speculate on memes? Well, I copied this animal meme. You see, speculating on memes can still make money. Let retail investors continue to fomo memes.
How will pnut operate in the future?
1. Look at the consistent trading methods of Binance market makers on meme coins
2. Whether Musk will continue to support or not, this is the key
3. I don’t think this kind of project that can be completed in 7 days has a very solid community foundation.
So if you buy it, you should pay attention to the risks. I personally think that on the one hand, you can watch Musk's dynamics, and on the other hand, you can continue to look for potential animal coins or even squirrel coins. The hype of 7-day pnut this time is textbook-level and worthy of learning from all parties.
If you want to make a profit on a coin, you must buy it at a low price, when no one is interested, or when the price plummets and retail investors sell their stocks. Now, various coins have rebounded after rising, especially Pepe, WIF and Neiro, which are the top high-quality assets, which have rebounded by 30%. Pepe has fallen to 0.19, Neiro 0.0019, and WIF has fallen to 3.4.
Is this the bottom now? No one can guarantee it, especially for the Dogecoin, which has a very random trend and is very difficult to predict. But I know one thing, retail investors who chase high prices will suffer heavy losses, and we should start to pick up their bleeding chips. Even if you are unfortunately trapped, it is only temporary. Don't think that you should buy at the very tip of the needle when you buy at the bottom. Wake up and be realistic. It doesn't matter if you didn't buy at 1.3u. If you bought at 2u, you would still make a lot of money if you were trapped for a while.
What we can confirm now is that the bull market is only halfway through. There will be FTX repayment and Trump taking office on January 20th. The cryptocurrency market will start to move again one month before these two events! So now this period of rest and consolidation is your best opportunity to cover your position. If you have already bought, hold on and wait for the next wave of market to come!
Some of the more impressive projects on the chain began to pull back yesterday. Today, the trend of exchange mascots has picked up, but not to a very big extent. The chain may also need to adjust and take a break recently, but there will still be little golden dogs appearing every day, but the number may not be as many as in the past few days.
For example, yesterday I asked everyone to lay out a local dog, $lester, the first local dog released on the LTC chain, which has a market value of 200 million with a needle! The highest is 70 times a day! Now the market value is 150 million, and there is still 50 times! 😀
It’s really crazy! It has increased by 69 times in one fell swoop. Even now, it has maintained a 54-fold increase. This wave of excitement is no less exciting than contract operation!
Many family members may win the lottery because of this! Those who haven't caught up can't keep up with the speed! Not only can you make money from contracts, but you can also grasp the wealth code!
I bought some of this $charlie, which is also a coin related to LTC. It has a market value of several million and more than 10,000 holders. It skyrocketed after it went online yesterday and then began to pull back, with a drop of about 80%. It is now rising again. It may be that the wash-out is over and it is about to take off. I bought some to see if it can double fivefold.
22smSdhoAo5KhmXx9Y6WoSSgKtguzaJ3EFJSMW2Tk7Pj
The eagle has taken off again. The market value of 15 million yuan was publicly released. Yesterday, the market value reached 40 million yuan, and then fell back to the cost price. Now it has doubled again. The doubled benefits are given, and you will get rich if you keep up~
I think this eagle has great potential, but whether this potential can be realized requires external events, that is, the founder of Polymarket is arrested.
Whether the incident can attract greater market attention, especially Musk's attention and response, is the key to whether the market value can reach hundreds of millions! If this matter is resolved peacefully or there is no sound, then there will be no motivation for the rise. If the incident escalates, the price of the currency will rise~ The logic is explained by yourself.
Yesterday there was an eagle in the market 🦅, and today there is a wrench 🔧
New opportunities brought by Musk
Currently, $🔧 is rising rapidly, and many people may have overlooked its value just as they did in the early days of 🦅. With Musk becoming the chief spokesperson for the Solana ecosystem, he is about to join the government efficiency department, which may bring new momentum to $DOGE and other related assets. Musk's support for $🔧, as well as the pictures and group photos released by the dog designer, all indicate that this will become a new focus.
It is worth noting that $🔧 has just started, and the early 🦅 has exceeded 40M market value, and the potential of $🔧 should not be underestimated. If you haven't caught up with this wave, hurry up and seize the opportunity.
🔧 Still at a low market value of only 450,000!
The eagle 🦅 represents Ma’s narrative of restoring the efficiency of the US government! When mentioning DOGE in the future, I will definitely add the 🔧 emoticon. Just a slight move can break through the market value of 10 million!
Just now, the Eagle 🦅 exploded 3 times at the bottom,
🔧 Still at the bottom, let's see how much the market can make it explode!
Binance launches a new project every day. Just now, Binance announced that it will launch the DEGENUSDT perpetual contract at 11:30 (UTC) on November 15, 2024, supporting a maximum leverage of 75 times. The settlement asset is USDT, the funding rate is settled every four hours, and the maximum funding rate is +2.00%/-2.00%.
