After 4 days of adjustment, Bitcoin quickly rebounded to around 92,500 in the early trading, showing strong support, and the overall trend remained bullish. From the current situation, Bitcoin has begun to follow a correction trend! The first target is 89,000, the second target is 84,000, and if it falls deeper, the third target is 79,000. If so, the altcoin may fall by at least 30%. However, early corrections are often healthier, and each correction is an opportunity to enter the market. It is recommended to buy the bottom in batches and don't panic. This time many people set a 100,000 stop profit, but Bitcoin almost touched it, causing many people to miss the opportunity. The bull market is expected to last about 1 year, so there is no need to rush, there are still many opportunities.
Ethereum closed with a big positive line yesterday, and rebounded strongly after stepping back to the 7-day moving average of 3350 in the early morning, maintaining an upward trend. The 4-hour chart shows a volatile upward trend, with 3350 as the key support.
Let’s take a look at the situation of altcoins:
Today's hot market events must be paid special attention to!
Let's first take a look at what PNUT is all about. Now I want to scold PNUT every day. The owner of the little squirrel, Mark Longo, launched a new coin, Justice, and claimed that he would sue the PNUT community. Community members fought back, saying that they not only publicized the squirrel incident, but also donated 50,000 to Mark, but Mark turned around and sold the coin! He also said: "This movement is mine, and I decide who can participate!" Views: I was originally neutral about PNUT, but Mark Longo's actions made me angry. Meme culture should belong to the people, and Mark's behavior completely deviates from the core values of PNUT! At present, PNUT seems to have become an ownerless currency. Is it going to be like Dogecoin?
Zhao Changpeng CZ sent a tweet today:
CZ: I have nothing against meme coins, but they are a bit weird now. Let's build real applications using blockchain technology.
I want to say: Hmm? Wait? In the first half of the year, Binance launched a lot of so-called "real blockchain applications", but users complained. Now you are frantically launching meme coin spot and futures, and the quality is getting worse and worse. Is this really the user's problem?
It seems that it will be difficult for MEME, which is not listed on Binance now, to be listed on Binance!
In fact, the best state of the market at present is that Bitcoin fluctuates at a high level, allowing Ethereum to take over and drive the rise of altcoins. As Ethereum rises, even if Bitcoin falls below the 92,500 support, it can still give Ethereum room to retreat and realize the bull market relay.
If only Bitcoin is pulling up the market, retail investors may not be able to catch up, but the rise of altcoins can attract retail investors and help Bitcoin break through. After Bitcoin rises, it stops and waits for altcoins to rise. Funds and sentiment interact with each other, and this cycle repeats, forming a typical altcoin bull market.
Base chain MEME continues to be crazy, Xiao Miao here to share some Farcaster tools:
Base chain buying coins and gold farming tool: Angrybot
Angrybot Base chain uses links:
https://t.me/swap_angrybot?start=ref_tfzmjy
Recently, Base has had a significant wealth creation effect. Farcaster is a Twitter exclusive to Base. If you want to catch Alpha, you must use Farcaster. Here are some Farcaster tools:
1. Wealth tools: 1. Clanker: All coin issuances (Clanker is Farcaster’s Pumpfun)
https://clanker.world/clanker
2.Banyan: Quickly monitor group members/big V boarding information
https://warpcast.com/banyanbot
3. CastMoney: Detailed monitoring of group members/big V trading activities, assets, open positions and closed positions
http://app.castmoney.xyz
4. Farcaster. in: Monitoring Farcaster Ecosystem Head Tokens
https://farcaster.in
5. Farcaster third-party search tool:
https://beta.buoy.club
2. 3 Chinese Farcaster native channels:
1. Rhythm channel, group members release Alpha information
https://warpcast.com/~/channel/blockbeats
2. Chinese channel, where Chinese users chat and post
https://warpcast.com/~/channel/chinese
3. Takocast new channel, discuss Farcaster hot spots
https://warpcast.com/~/channel/fc-buzz
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.
