Each round of bull market is often accompanied by a black swan event, such as 94, 312, and 519. I hope that this month's 805 can become an opportunity to start a new bull market. With the arrival of the "Golden September and Silver October" season, perhaps the bull market is really on the way.
In the past two days, the rebound has observed that the following coins have the characteristics of fast rebound and high increase, You can focus on it~ #加密市场反弹 #牛市到来
Big news! Trump Bitcoin Conference issued a statement, Bitcoin is about to hit a new height, will Ethereum continue to fall? 3 kinds of altcoins have great potential before the big bull market
BTC reached a peak of 70,000 in May and June. It tried to reach 70,000 several times in July, but was always blocked by the pressure position of 68,500. There are only a few days left in July. Can BTC break through the pressure and reach 70,000 again? If it wants to break through, there are two key factors in the recent news: Trump will deliver a speech at the Bitcoin 2024 conference at 3:00 on July 28. Data on subsequent net inflows of BTC ETF and ETH ETF.
If these two factors can effectively stimulate the market, BTC will be expected to break through the pressure position of 68,500 and hit 70,000. If the stimulus is not in place, the market may pull back to around 66,000-65,500 again, waiting for the next stimulus to hit the target of 70,000 again.
This week will face three key data, and the market is destined to be restless. The most important are the unemployment rate and non-farm payrolls data on Friday. In addition, the PCE inflation data to be released at 8:30 pm on Thursday is expected to fall, sending a positive signal. I am optimistic about the election and look forward to the new leadership to introduce economic stimulus policies. I can accept whoever wins, but I hope Trump can win beautifully, so that the cryptocurrency circle may usher in a big bull market!
LUCE 1. Religion is MEME, MEME is religion! 2. The first religious super MEME, the holy year relic, is unique once every 25 years 3. More than 1 billion believers in the world, and the media of various countries continue to bombard, with a top effect 4. MEME and the currency circle will be out of the circle to more than 1 billion believers due to the continuous coverage of mainstream media. The more it rises, the more reports it will receive, and it will take off in a spiral 5. The core of MEME is communication, narrative, and traffic #LUCE奇迹
Currently, there are two key points of concern: 1. When Bitcoin climbs to around 71,800, it may quickly drop back to 68,000 and oscillate at that price level for a while. During this period, altcoins usually decline alongside it, leading to a further drop in prices due to capital outflow, which could result in losses for contract users and psychologically unstable spot users. Bitcoin is expected to oscillate widely at high levels, with an anticipated attempt to reach 73,000 by the end of November or December. 2. If Bitcoin pulls back to below 70,000 after peaking at 71,800 and starts to oscillate, it may trigger a rise in meme sector altcoins. Afterwards, various sectors will take turns rising, with capital gradually withdrawing, and the market may experience unusual volatility before the elections.
Overall, I remain optimistic about Bitcoin's future, but the market will undergo multiple washouts and contract liquidity issues. We need to seize opportunities and decisively buy in.
Adding a dose of reassurance for the treasures, Currently a 4-hour double bottom structure, pay attention to around 0.0...947, Observe if it stabilizes, if it stabilizes, consider entering, breaking through means the sky is the limit! The worst-case scenario now is a large range oscillation. So be cautious~
Today the market has risen to 69000, investing is about going with the trend. Although the market has rebounded, many people still have insufficient positions. There is no need to panic about altcoins; just wait for the sentiment to warm up. In the recent weeks, my analysis seems to always align with the market trends. Unlike many vague analyses, I clearly pointed out that the 65000 level could hold, despite a few brief dips, it did not break. The recent market feels like a dream; analysis is one thing, but the actual trends are surprising. Although altcoins have dropped sharply, this is considered normal in the crypto space. The analysis from January to March had already predicted the subsequent crash, but when the real market came, the drop was still shocking. Fortunately, I don't trade contracts; otherwise, I would have gone to zero several times already. #BTC走势预测
1. Speculative mentality: Many cryptocurrency traders regard cryptocurrency as a tool to get rich quickly, pay attention to short-term fluctuations, and trade frequently in order to make a profit. 2. Gambling mentality: Some investors are like gambling, betting everything on one throw, lack rational assessment of market risks, rely too much on luck, and hope to get rich in one transaction. 3. Overconfidence mentality: Investors who make profits in the early stage or think they understand the market often overestimate their judgment and expand their investment, which may result in a liquidation. 4. Fear and greed mentality: When the price of currency rises, greed is at work and they are unwilling to sell; when it falls, fear is driven, and they sell in a hurry for fear of expanding losses. 5. Follow the trend mentality: Blindly follow others or online information investment, lack independent analysis, and just follow the crowd into the market. Reflect on and summarize experience, make stable profits, rather than pursue quick wealth. #年底牛还熊? #加密货币市场持续震荡
FTX Compensation Reveal: 3.2 Billion Returns to Crypto, Will FTT Become a "Speculative Storm"?
The FTX compensation drama is about to unfold, expected to start in the first quarter of 2025. Among the 14.4 billion to 16.3 billion in debts, 3.9 billion has already been intercepted by credit funds, making a return to the market nearly impossible. Of the remaining debts, 30% belongs to insiders and unverified parties, leaving little room for claims. It is expected that out of 8 billion, 3.2 billion will return to the crypto market, but the reconstruction of FTX is almost impossible. While launching a new platform token is easy, empowering it is difficult. FTT may eventually become an "air coin," with only speculative value remaining!
The market continues to revolve around meme coins, with active on-chain transactions. However, during FOMO, investors need to formulate strategies, such as exiting when doubling their investment to recover costs quickly, otherwise, it is best to participate cautiously. Since October 21, Bitcoin has found support twice near 65,000. Despite the shocks from USDT and Middle East news, the market has quickly digested and recovered, with the overall market rebounding at 4 AM.
From the weekly and daily charts, the market shows an overall upward trend. Regardless of the outcome of the US elections, the market will rise, just to varying degrees. Short-term volatility is difficult to avoid, so it is recommended that everyone hold onto their spot positions for the long term. Looking at the 4-hour chart, it is currently still in a phase of oscillation and adjustment, with no breakout signal yet. It was previously mentioned that if there is a breakout, it should happen instantly and not be prolonged.
According to Angrybot's data, various AI concept meme coins have experienced significant pullbacks today. GOAT once dropped by 15%, with a market cap falling to $560 million, but has now rebounded to about $610 million. The decline of GNON is even more severe, now expanded to 68%, with a market cap dropping below $10 million, currently at $9.2 million. In contrast, the AI concept meme coins on the Base chain are performing strongly. Luna by Virtuals ($Luna) has a market cap of $240 million, rising 50% in the past 24 hours and 2023% over the past 7 days. Meanwhile, Virtual Protocol ($VIRTUAL) has a market cap of $208 million, up 23% in the past 24 hours. #加密货币市场持续震荡 #牛市赛道是那条?
Forecasts suggest that Bitcoin prices may break $100,000 in the coming months. Reasons for the market optimism include: 1. The U.S. presidential election will be held in two weeks, and Trump's election would be a significant boon for cryptocurrencies. 2. On-chain indicators are positive, with the TVL, trading volume, and active addresses of Base and Solana all on the rise. 3. Stripe's acquisition of the stablecoin payment platform Bridge may have been underestimated by the market as a long-term benefit. 4. A new field of AI and Memes is emerging, which could become the 'NFT' of retail trading. 5. Market sentiment is warming up, and an atmosphere of anticipation is returning.
1. Capital Flow: Smart money is beginning to flee risk assets and turn to safe assets, influenced by the U.S. presidential election and the Federal Reserve's interest rate outlook. As of the week ending October 23, U.S. money market funds attracted a net inflow of $29.98 billion, while higher-risk equity funds saw a net outflow of $2.54 billion, ending three weeks of buying trends. 2. Non-Farm Payroll Data Release: U.S. non-farm payroll data for October will be released next Friday, which will be key data before the Federal Reserve's November meeting and may impact rate cut decisions. The market may initially experience a "leakage market." 3. Federal Reserve Quiet Period: The Federal Reserve will enter a quiet period next week, and important announcements are expected to be released through the "New Federal Reserve News Agency." 4. China Stimulus Measures: It is expected that China will announce stimulus measures after the Federal Reserve's decision, and there may be insider leaks beforehand that could affect the market. 5. U.S. Elections: Despite tight polling, the betting markets have increased the probability of Trump's victory, and there is still room for market adjustments regarding tariff risks. #加密货币市场持续震荡 #战火将如何牵动加密市场? #美国大选前行情观察
Big news! Trump's election is a decisive moment, Sol chain is hotly discussed again! PumpFun project is revealed, a new round of skyrocketing may be about to explode!
The current volume-price structure and time trend are quite similar to those in 2023, and it is currently in the second wave of LPS (last support point). The key range is 620-628. If there is an incremental break, the support function of this position may fail, and the structure will reverse and turn into a downward trend. In terms of time, the LPS retracement in 2024 has lasted for 11 days, which is similar to the 12-day retracement in 2023. At present, the main force's movement is still uncertain, so we will continue to wait and see. The next key time point may fall on November 4 (refer to the 21-day retracement of 519). The entire retracement cycle is expected to be within 30 days. It is expected that the market will have further development in early November.
Waking up, I saw the incident of Xiaomi SU7 owner hitting someone! Young people are still a bit impulsive! I wonder if XCC regretted it at the last moment! By the way, the collision performance of Xiaomi SU7 is indeed good [thumbs up]
Techniques and Applications of Stop-Loss Operations:
1. Trend-Following Operations: In trend-following trades, the stop-loss point should be set far from the buying price to avoid being mistakenly stopped out due to short-term fluctuations. Usually, the distance between the stop-loss price and the buying price should be greater than 5%. 2. Counter-Trend Operations: In counter-trend speculation, the stop-loss point should be set close to the buying price to guard against systemic risks. Typically, the distance between the stop-loss price and the buying price is 2% to 4%. 3. Trend Line Break Stop-Loss: When the stock price effectively breaks below the upward trend line, a stop-loss should be executed immediately. 4. Moving Average Break Stop-Loss: A stop-loss should be taken when the stock price falls below the short-term moving average (such as the 5-day or 10-day moving average). 5. Capital Tolerance: Set appropriate stop-loss points based on individual capital and psychological tolerance, but generally should not exceed 10%. 6. Based on Stock Characteristics: Stocks with high activity can set a farther stop-loss point, while stable stocks should set a closer one. 7. In an Upward Trend: No need to discuss stop-loss, hold stocks for the medium term, and participate fully. 8. In a Downward Trend: In a cash position, stop-loss is meaningless.
The Grass airdrop is coming! The first round of the Grass airdrop will start on October 28, 2024, at 21:30 Beijing time. According to the Grass Foundation, this GRASS Airdrop One will become one of the most widely distributed airdrops in history, marking an important milestone in building the first user-owned internet map.
Dramatic as $SHAR, but there are still PVP players making money in the fire 🤪 Address Hxcys...dwNNa built a position of 11.4 million tokens at a cost of 40 SOL (about $6728) when the market value of SHAR reached $530,000, with a unit price of only $0.000592. Half an hour later, he decisively took profits, ultimately earning $237,000, with a return rate of up to 3531%. I wonder if he will feel apprehensive after seeing the subsequent RUG? 🤣
AI Memes are essentially a new concept, highly popular, but are largely manipulated by big capital behind the scenes, essentially just a capital coin in disguise. To claim that they embody the spirit of entertainment and criticism of Meme culture is simply self-deception; they do not possess the characteristics of a Meme at all. However, as long as the hype can bring profits, there will always be people who support it. Just a few days ago, everyone looked down on these coins, but once they began to rise, the speculators flocked in. Recently, a bunch of new coins have emerged, taking advantage of the AI trend to harvest profits. Currently, capital has shifted on-chain, and if the liquidity of altcoins in the secondary market is insufficient, it will be very difficult for them to perform well.