Yesterday's Market Review

Yesterday, Bitcoin fell first and then started to rise in the evening, which was in line with the expectation of rising. Today, the number of BTC positions in Germany was cleared, and the macro environment has improved again. The expectation of interest rate cuts in September continues to increase, and the confidence of traders will gradually recover. There is no need to worry about short-term fluctuations in the future. The trend of Bitcoin is better than the big rise. The callback is not large. The macro environment has improved. The ETF has been postponed again, and the speculation expectation has increased. ETH may rise significantly in the future. You can still consider building a collection and wait for the good news to break out. The altcoin sector follows the mainstream and adjusts synchronously. Wait patiently for the mainstream to stabilize. You can consider following up on the altcoins under ETH.

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Intraday market analysis

BTC's 1-hour and 4-hour levels have returned to healthy levels. The daily level is lower than the healthy level. Gold has taken shape on the 4-hour axis and continues to be bullish. The macro environment has improved, interest rate cut expectations have increased again, the negative fundamentals are being digested, and the upper resistance today is 59,000-59,000. 59500, the lower support is 56500-57000, and the chance of rising is more.

ETH 1-hour and 4-hour levels have returned to healthy levels, while the daily level is below the healthy level. The gold on the 4-hour axis has formed again, and it continues to be bullish. The macro impact has improved, the chain continues to be sluggish, and the expectation of interest rate cuts has increased again. ETH can still be stored during the day for short-term speculation. The upper resistance during the day is 3300-3350, and the lower support during the day is 2990-3050. There is a greater chance of rising today, and it can still be stored, waiting for the subsequent market to start.

Yesterday, BTC trend was rather strange. The positive expectations were good, but it did not rise but fell. It started to rise in the evening, but did not develop in the expected direction. The estimated data was good for Heyue and a large number of bulls entered the market. The dealer was washing Heyue. The CPI data reached 3%, which was lower than the expected value and much lower than the previous value. The inflation in the United States was suppressed, and the expectations for interest rate cuts were improved. The expectations for interest rate cuts in September were improved. The subsequent market is still bullish, and the confidence of traders will recover quickly. Short-term fluctuations can be ignored. The bull market is not far from a full launch. Keep your confidence.

ETH follows BTC in synchronous adjustment, and the adjustment range is not as large as BTC. ETF continues to be postponed, but speculation expectations are strong. After the macro expectations are strengthened, the ETF benefits will have a more obvious effect. You can continue to build ETH today. The current price is around 3120, waiting for the subsequent ETF benefits, with a target price of 3300-3350. The Shansai sector follows the mainstream and adjusts synchronously. You can still build high-quality Shanzhai today, waiting for the subsequent market to start. Pay attention to SATS in the past two months. You can buy it in batches when it is low. There will be major positive fundamental news in September: Today, the number of BTC holdings in Germany has returned to zero, and there will be no more selling pressure in the future. It is considered to be relatively good fundamental news and primary market information!

RGB++ has started free casting. The activity on the chain has increased recently. RGB++ is also a very good new protocol. It has a good effect on the construction of BTC ecology. Continue to pay attention to this sector. The market continues to be sluggish. Wait for the sector to review its popularity before taking action.

The rune market is still sluggish. Pay attention to the high-quality currencies in the rune market and wait for the second wash before starting to buy them.

Intraday mainstream currency support and resistance:

Today's intraday market, BTC's lower support is 56500-57000 and the upper resistance is 59000-59500, ETH's lower support is 30003050, and the upper resistance is 3300-3350

3 altcoins you will regret missing out on, or you will get a hundredfold return!

FLOKI

Floki was a meme project, but has grown strongly into a complex and diverse ecosystem. The name Floki was inspired by the name of Elon Musk's Shiba Inu, and it runs on the Ethereum network. Floki was launched on June 25, 2021, and has surpassed Vai, a simple meme, to become a project that provides many useful and valuable services to society. Floki runs on the Ethereum (ERC-20) and BNB Chain (BEP20) networks. Multi-chain integration allows Floki to interact with more Dapps and infrastructure. Thereby increasing accessibility, practicality and bringing value to users.

NEAR

NEAR coin, as the native token of the NEAR Protocol network, was born out of a vision to build a user-friendly decentralized application (DApps) platform. NEAR Protocol aims to address the shortcomings of existing blockchain technology in terms of scalability, ease of use, and security. Through its unique sharding technology and inter-shard communication mechanism, it achieves efficient and low-cost transaction processing. As the core token of this ecosystem, NEAR coin is not only used to pay transaction fees, but also has multiple functions such as governance and staking.

TREES

Book of Meme (BOME) has surged 20%, leading the current memecoin rally with strong momentum. The coin is currently valued at $0.01012 and aims to reach $0.1 by 2024. Its market cap would rise to $6.9 billion, about ten times its ambitious goal, making it one of the most important meme coins on the market today.

Developed by Darkfarms, a company known for its Pepe the Frog digital art, BOME benefits from close ties to meme culture, a strategic advantage over other meme currencies. Darkfarms stresses the need for patience, suggesting that the development of BOME will take many years, noting that continued growth is key.

Analysts speculate that BOME will rise in the short term, predicting that BOME could rise to $0.036 in the near future, which could boost its market cap to $2.4 billion and place it among the top meme coins.