Today’s market conditions resemble the phase before the 2020 bull run, with economic factors prompting possible action from the Federal Reserve, which has hinted at possible rate cuts and quantitative easing measures in light of economic risks.
Sometimes it is strange that when you are not focused on making money, you can make money, but when you are eager to make money, it becomes more difficult. Bitcoin rebounded to 58,000, but the 58,000-60,000 range is a intensive trading area for four-hour short-term trading, forming a pressure point. The current trend shows that there may be a small correction in the short term, for the following reasons:
The four attempts to touch the pressure level failed to break through effectively, indicating that there is great pressure from above;
The bulls broke through several times without large volume; although the general trend is upward, the volume shrank during the bears’ pullback;
During the four attempts to break through, the amplitude of the breakthroughs gradually decreased, indicating that the bulls were weak.
Overall, the bullish force is weakening and the bearish force has not increased, but the pressure from above is great. There may be a small correction in the short term, but the amplitude will not be too large. It is just around the corner to break through 60,000 after the correction.
Now Bitcoin has stabilized at $58,000, and the next trend is likely to open an upward channel. Of course, the market may also pull back, but it is highly unlikely to fall below $55,000. The recent CPI data is positive, and last night's PPI data has little impact on the market. The FOMC meeting is coming in a few days, and the market is speculating whether the interest rate will be cut by 25 basis points or 50 basis points. Some people think that the rate will fall after the rate cut, while others think that it will rise. Both have their reasons.
But what is certain is that in the long run, the market trend after the rate cut is likely to be upward. If you are a short-term arbitrageur, no advice is given here; but as a long-term investor, no matter the pullback before or after the rate cut, it is an entry opportunity. Now it is almost confirmed that $55,000 is the bottom range, and the upward channel may open in October. We have already copied enough chips at the bottom, and we look forward to the market surge to comfort us for the past few months of waiting.
Let's take a look at which coins are suitable for long-term investment and what layout characteristics are suitable for long-term investment:
1: More than 70% in full circulation
2: A relatively large increase from October last year to March this year
3: Currently non-small daily and weekly bullish trend currencies
4: Good trading depth
Bitcoin Ecosystem: $SATS
This is a leading meme project that is benchmarked against the Bitcoin ecosystem. Although ORDI may perform better than SATS in some aspects, SATS has surpassed ORDI in terms of the thoroughness of the current wash, the number of holders, and empowerment. In addition, SATS's current market value is slightly higher and is expected to hit a market value of 5 billion, and there may be more than 5 times of growth space in the future.
AI Ecosystem: $FET
The new OpenAI model we mentioned a few weeks ago is finally here. According to multiple media reports, this AI model, codenamed "Strawberry Jam", will be launched within two weeks, and AI tokens such as FET and Render are likely to rise sharply again.
Many people are curious, why is FET still rising after the Apple conference? In fact, it is because of this sudden hot spot that changed the trend. Even if FET has a pullback now, we can still buy at a low point. The mentality is Buddhist, and we will not force it if it does not fall.
Therefore, it is important to stay informed in the cryptocurrency world. If the market trend is not what you expected, it is likely because there are changes that you have not yet discovered.
Binance Series: $BNB $CAKE
With the upgrade of BNB in late September and the return of Zhao Changpeng, Binance has launched new mining projects in the past two days, and BNB tokens have finally started to gain momentum. Of course, I will also choose CAKE as a key target, because as the "son" of Binance Chain, CAKE is likely to become the focus of speculation, and its recent trend is also quite strong.
In the cryptocurrency world, as long as you can catch the hot spots in advance, you can get benefits beyond the cognition of most people. After the Mid-Autumn Festival, I will focus on Binance tokens.
MEME Series: $PEPE
Pepecoin's performance is always full of drama. Once the heat rises, the price may quickly soar 5 to 10 times, then experience a sharp correction and a long period of consolidation, and then rise again, far exceeding the overall market. This highly volatile feature makes me look forward to it. Therefore, I think Pepecoin is very worth a long-term ambush. When the market picks up, Pepecoin's performance will definitely be eye-catching and will not disappoint.
RWA Section: $OM
OM, an L1 blockchain project in the RWA track, is working with Dubai's MAG Group to deepen its presence in the field of real estate tokenization. As one of the top real-world asset (RWA) altcoins, OM's price fluctuations have attracted much attention. Although the short-term trend is slightly weak, its resilience cannot be underestimated. It has risen by 200% in the past six months, showing strong long-term potential. If it can break through the $1.10 resistance level, OM is expected to rise to $1.29, with support levels at $0.73 and $0.55. Although it may consolidate in the short term, there is still room for growth in the future.
Lending Section: $AAVE
AAVE is the only recommended DeFi platform at the moment, and its advantages can be seen from its price trend. The price increase reflects the platform's maintenance of the coin price, which makes AAVE suitable for long-term holding and its fundamentals are strong.
As the native token of the Aave lending platform, AAVE has many advantages such as staking rewards, fee reductions, and voting governance. In the future bull market, AAVE is expected to achieve a 5-fold growth, and investors who are interested in the DeFi sector can consider starting to lay out.
There are also the Ethereum series: $SSV and the game ecosystem: $YGG....you can pay attention to them. If you want more Dianwei layout👇🏼👇🏼👇🏼
Today's article ends here. We are currently in a bull market, and the situation is turbulent. We share passwords every day. If you don't know what to do in a bull market, welcome to follow us. Bull market spot passwords and layout strategies can be shared free of charge.
