Dear coin friends, wasn't yesterday afternoon's drop in Bitcoin quite thrilling? I mentioned in yesterday's analysis that it was time to act around 100,000, and it seems quite accurate! What should we do in the next few days? Let me share my thoughts. Friendly reminder: This article is purely my personal review and does not constitute any investment advice; just enjoy it, play smart with coins, and don't follow the trend.

Bitcoin may still drop; watch the three levels of 92000, 88000, and 85000 closely. If it does fall, we will buy some spot in small batches, seeking steady gains!

$BNB is still hovering between 670 and 710. Participating in launchpool is quite worthwhile; locking up funds can also yield airdrops, and selling pressure is not high, with many loyal fans, making it quite stable. Launchpool essentially protects long-term holders in a disguised way.

Ethereum $ETH is also following Bitcoin, fluctuating between 3100 and 3700. If it really approaches 3000, that will be a good opportunity for us to get in.

Returning to today's daily $BTC market analysis, from the candlestick chart perspective, the 1-hour level is sideways, the 4-hour level is down, the 12-hour level is down, and the daily level is down. The intraday resistance is at 99000, and the support is at 92800.

SPX6900 (SPX)

In the ever-evolving world of online culture, imagination knows no bounds. SPX6900 is a fictional meme token born from the depths of online humor. This fictional cryptocurrency is on a bold mission: to surpass the S&P 500 index and reach an astonishing market cap of $69 trillion. The amusing logic is simple—since 6900 is much larger than 500, SPX6900 must surely be much better than traditional financial instruments. This fun idea illustrates how numbers and memes can come together to create stories that are both entertaining and thought-provoking.

Although SPX6900 is a product of creative thinking, it reflects the real trends in the cryptocurrency market. Meme tokens like Dogecoin and Shiba Inu have demonstrated how community-oriented projects can gain surprising momentum. These coins leverage the power of viral culture and collective belief. In a market cycle where unconventional assets often make headlines, the concept of SPX6900 highlights the unpredictability of cryptocurrency investment. While fictional, it sparks discussions about the allure of big numbers and the bold ambitions in a market always looking for the next sensation.

Popular Cat (POPCAT)

POPCAT is not just a meme; it’s a feeling. It originated from an internet meme in October 2020, showcasing cute images of a cat named Oatmeal. In one photo, Oatmeal's mouth is closed, while in another, it has been edited into a funny 'O' shape. This charming cat has captured the hearts of people worldwide and is now making its mark in the cryptocurrency world with its meme coin.

In a serious cryptocurrency world, POPCAT brings fun to the forefront. This token has no intrinsic value or financial expectations—all for entertainment. As the cryptocurrency market goes through its cycles, tokens like POPCAT provide a relaxed option. Compared to other meme coins, POPCAT's origins from a beloved meme give it a unique advantage. For those who want to enjoy fun without investment pressure, POPCAT might be the perfect choice.

Shiba Inu (SHIB)

Shiba Inu (SHIB) was initially a fun homage to Dogecoin, but it quickly became a standout in the cryptocurrency world. In contrast to its inspiration, SHIB runs on the Ethereum blockchain, providing access to a vast decentralized application ecosystem. Launched by the mysterious Ryoshi in August 2020, the initial token supply was astonishing, reaching 1 quadrillion. To build trust, half the tokens were sent to Ethereum co-founder Vitalik Buterin. He generously donated SHIB to India’s COVID relief fund and burned 40% of the total supply, bringing SHIB into the global spotlight.

SHIB is exciting because its potential goes beyond being just a meme coin. Ethereum's foundation supports innovative projects like ShibaSwap, a decentralized exchange where users can trade and stake tokens. There are also discussions about future NFT platforms and community-driven governance models. In today’s market, usability and real-world applications are crucial, and SHIB stands out due to its technical ambitions. As the cryptocurrency landscape evolves, the combination of SHIB's community appeal and Ethereum's technology makes it a compelling choice for enthusiasts following emerging trends.

PEPE

PEPE is a new cryptocurrency that is a playful homage to the famous frog Pepe meme created by Matt Furie. It launched on Ethereum and is a deflationary meme coin with no real utility, embracing the pure spirit of internet memes. In April and May 2023, PEPE saw significant surges, with market capitalization reaching $1.6 billion at one point. Early holders became millionaires and attracted a strong fan base. This revival led to what some call the 'meme coin season,' with other meme-based tokens appearing and experiencing wild price fluctuations.

PEPE aims to join the ranks of top memecoins like Dogecoin and Shiba Inu. It attracts the cryptocurrency community with its tax-free policy and straightforward approach. The project's roadmap includes listings on major exchanges and creating 'meme supremacy.' While PEPE does not offer new technology or utility, its popularity showcases the power of community support and internet culture. In today's market, PEPE's rise reflects a trend of memes driving interest and investment. As the cryptocurrency world awaits the next big move, many are watching PEPE and wondering if it will reach new heights.

NEIRO Token: A community-driven tribute to the new Shiba Inu icon

The NEIRO token is a new cryptocurrency on the Ethereum network, inspired by Neiro, a newly adopted Shiba Inu, whose owner is the same lady who takes care of Kabosu, the famous dog behind the Doge meme. This project pays homage to Neiro and is the first token of its kind. It is entirely community-owned and lovingly managed. The token aims to attract community participation in a decentralized manner, building on the legacy of Dogecoin. The potential of NEIRO lies in its strong community interest and its connection to the beloved Doge meme. Whether the token is attractive in the current market cycle depends on investor sentiment towards community-driven projects.