💥ETH returns to 3400, this time it's for real, the main forces are obviously involved, continue to hold coins and wait for the rise! Incremental funds continue to pour in!
⭐ETH surged yesterday, a single day's big bullish candle finally broke through nearly 10 days of adjustment. Currently, the breakout on the 4-hour level has increased in volume and created a new high in nearly three months, indicating a high probability of a true breakout. If ETH starts to rise, the market outlook for the coming week will be relatively optimistic; resistance levels for ETH to watch are 3500/3800/4000.
💥Recently, there have been continuous positive developments. Early this morning, according to a statement released by the U.S. Securities and Exchange Commission (SEC), the agency's chairman Gary Gensler plans to step down on January 20, 2025. This chairman has long held a skeptical and cautious attitude towards the crypto market, and many projects have faced pressure during his tenure. His departure will bring new positive signals for crypto regulation; this was also a promise made by Trump during his presidential campaign;
💥In terms of operations, increasing positions can focus on the 3200-3330 range. If it falls below 3150, then the breakout has failed, and ETH will re-enter a state of fluctuation, but currently, it is still a bull market, primarily buying on dips;
BTC is about to break 100,000 US dollars, we may witness history in the next two days! The upward trend of BTC is not over yet, it won't stop without a volume acceleration, avoid guessing the top against the trend!
In February 2011, BTC broke 1 US dollar; In August 2012, BTC broke 10 US dollars; In April 2013, BTC broke 100 US dollars; In January 2017, BTC broke 1000 US dollars; In November 2017, BTC broke 10,000 US dollars; In November 2024, BTC is about to break 100,000 US dollars; ......
The story of BTC continues, after 7 years BTC has risen from 10,000 to 100,000 US dollars, believe in BTC, it has never let down anyone who believes in it; currently, the BTC trend is still very strong, it won't stop without a volume acceleration, let the bullets fly......
💥BTC surged to 100,000, setting a new historical high, but the entire online community is unusually quiet, with many long-term investors expressing that "my account has hit a new low"😭
⭐ The previous message mentioned stabilizing at 92,000, aiming to push above 95,000, today directly hitting 98,000, just one step away from 100,000. This round of BTC has silenced traders; the relentless rise proves it to be digital gold, the future of humanity; however, altcoins are collapsing, continuously dropping to new lows, creating an illusion that we are not in a bull market; a bull market is even more uncomfortable than a bear market;
💥 Recently, there has been a significant increase, with favorable policies from Trump being the main driving factor, leading to a frenzy of capital flowing into BTC worldwide; not only is the ETF experiencing massive inflows, but small governments are also competing to increase their BTC holdings, and major listed companies continue to accumulate in large amounts; the spot buying is extremely large, and due to Trump's previous commitment to treat BTC as a strategic reserve, the probability is increasing, so the world is frantically buying;
🚀 Early this morning, news broke that President-elect Trump's team is discussing whether to establish a new position in the White House specifically responsible for cryptocurrency policy within the digital asset industry. Insiders say Trump's team is reviewing candidates for this position. If established, this would be the first position in the White House specifically responsible for the cryptocurrency field, highlighting the influence of this emerging industry on the new government. Currently, the prospects for cryptocurrency are completely opened up, and Trump's previous commitments are gradually being realized; more significant favorable news is on the way;
💥 Operation: In such a situation with continuous buying pressure, please hold onto your BTC and do not sell easily. Although there will always be short-term corrections, the current market can easily leave you behind. Unless you are very confident in your trading range, just continue to hold patiently; reaching 200,000 dollars next year does not seem out of reach! If you want to increase your positions, pay attention to the 92,000-95,000 range; in the medium term, if there is a major correction, it may reach 83,000-89,000, but a significant correction is something that is hard to come by; #BTC再创新高97k #非BTC板块市场走势 $BTC
BTC starts to gain momentum, expected to reach a new high this week!
BTC has been consolidating around 90,000, forming a consolidation range between 88,000-92,000. However, looking at the daily chart, it is still an overall ascending triangle structure. As long as it continues to stabilize above 90,000, it will gradually rise to 92,000. If it stabilizes at 92,000, it will continue to attack above 95,000;
💥SOL is about to reach a new high, and there is still room for growth!
SOL has continued to rise recently, ignoring the callback; the SOL/ETH exchange rate has continued to hit new highs. Today, many altcoins have fallen back, but SOL is still rising steadily, only about 5% away from the high before 2021;
Since the current popular MEMEs are all on the SOL chain, SOL's popularity will continue, and the new high will be in the next two days; the decline focus range is between 220-230, and the first strong resistance in the near future is near the historical high of 259; large fluctuations are expected near the historical high, and after the pin stands firm, it will continue to impact above 300; #sol趋势 $SOL
PNUT rises again, with great opportunities ahead, but a short-term adjustment is still needed, focus on this area;
⭐ Today, both DOGE and PNUT have slightly strengthened, and from the market perspective, DOGE is actually a bit stronger; PNUT, as a token that rapidly achieved a 30-fold increase within a week and can maintain stability at a high level, is indeed remarkably strong; additionally, with the strong support from Binance and Musk, it is undoubtedly a new leading coin; however, in the short term, the major rise is nearing its end, and a pullback is needed for a significant increase.
The reasons are as follows: 💥 Firstly, the surge in PNUT is primarily due to the large influx of funds into crypto after Trump's administration, which needs a breakthrough; because most of this is actually U.S. funds, especially ETFs, MEME is more focused on in the West. Therefore, Musk's call last week ignited the sentiment, and coupled with PNUT's initially small market cap, which is now 1.6 billion dollars, it has become the new leading MEME token. Theoretically, the peak market cap of this coin should align with other new leading tokens like WIF, BONK, etc., from the first half of the year; thus, the potential for further increases has significantly diminished compared to previous dozens of times, only about 2-3 times, and this 2-3 times is uncertain; therefore, after a significant rise, a washout and turnover are necessary for further upward movement.
💥NVIDIA's earnings report is about to be released, but in the short term, AI-related tokens have not finished dropping; if they continue to decline, there may be good participation opportunities.
⭐NVIDIA will announce its earnings report at the end of trading on the 20th (Eastern Eight Time, early morning of the 21st), which is bound to bring significant turbulence to the U.S. stock market; currently, AI-related tokens do not show any real signs of strengthening, and if they continue to pull back in the near term, it will be a better layout point.
🚀Previously, NVIDIA also released bad news, revealing that the new generation of Blackwell AI chips has overheating issues, which has led major clients like Google, Microsoft, and Meta to worry that they will not have enough time to deploy and launch new data centers. Therefore, last Friday, NVIDIA fell 4% in advance, leading the U.S. stock market to pull back, with funds essentially taking precautions early; if AI-related tokens in crypto continue to decline recently, there may be relatively good entry opportunities.
💥Currently, the altcoin funds are clustered in MEME and public chain old coins, while other altcoins are in a cooling-off state; especially the ETH series tokens are performing extremely poorly; it is clear that this time the whales have chosen previously long-washed coins for a pump; the new tokens launched this year have not started yet due to insufficient wash time, so we should still follow the main funds that are clustered in certain sectors.
⭐Currently, AI-related tokens that were frequently pumped before are as follows: OPEN AI founder closely related concepts: WLD, ARKM; Binance strong coins: FET; Direct NVIDIA concepts: RENDER New coins: AI; NFP
💥Currently, it seems that AI-related tokens still need to be washed, it is best to wait for a low point before entering; #英伟达财报即将公布 #AI幣 #BTC☀
Major negative news, Powell's hawkish speech, bearish market, main funds rushed out, short-term return to short trend, patiently waiting for a better bottom-picking position;
Early this morning, Powell said that the Fed does not need to rush to lower interest rates. The CME fedwatch tool shows that the probability of continuing to cut interest rates in December has dropped from 82.5% to 59.1%. The market began to expect a pause in interest rate cuts in December; and BTC etf began to see large-scale outflows, ending the trend of continuous net inflows and beginning to form a turning point; BTC and US stocks began to fall rapidly, pausing the short-term continuous surge;
The overall crypto market fell, and the cottage continued to lose money; ETH still did not stand firm in the short term. If it can reach 2800-2900, it will be a very strong support; but at present, the support of the 3000 mark is not strong enough, so it is better to continue to wait; yesterday's strategy was cancelled; #美联储货币纪要 #BTC☀ #ETH🔥🔥🔥🔥
Strategy validity period: about 2-4 days Recommendation index: two and a half stars Currency: ETH spot/1-3 times contract Direction: long Entry point: 3000-3150 enter in batches Stop loss: 2950 Take profit: 3300/3450 Position configuration: 10-20%
(Operation points: Encryption is risky, strictly set stop loss when entering, and move the stop loss price up to the cost price after reaching the first take profit to protect profits)
👉ETH/BTC exchange rate hits a new low this year. The debt owed in the previous life is paid off by holding ETH in this life. In the next few days, ETH is expected to lead the rise of the altcoins.
💥BTC has been rising continuously in the past two days, and has led the MEME sector to continue to be hot. There are doubled coins in the MEME sector every day, and there are countless coins on the chain that are more than 10 times.
💥But ETH and other altcoins have weakened significantly, falling for three consecutive days, and just hit a new low this year. The short-term ETH/BTC exchange rate is seriously oversold. After the MEME boom, funds are expected to return to ETH and lead other sectors of altcoins. Rebound in the next two or three days;
💥The next paragraph is the operation rhythm of the cottage in November. It is a blessing to understand it: Except for MEME, the cottage has not shown sustainability in this round. The biggest reason is that ETH has not really strengthened. In this case where the exchange rate is still hitting new lows, it seems difficult for ETH to reverse its trend in November. Even if it strengthens for a period of time, it must pass the second test of the weekly line to confirm the reversal; therefore, before the real reversal, every general rise of the cottage is a stage peak, and then falls back; #meme板块关注热点 #ETHBTC汇率新低 $ETH
💥Trump is elected, and three scenarios for BTC are coming!
💥1. BTC stands firmly at 73,000
73,000 is very critical, which is near the previous high of the solid line. If it continues to stand firm in the next two days, it will directly start a crazy bull market, and BTC will rise to 80,000-100,000; and the long-awaited alt season will also start. After all, the alt market share has reached the lowest point in the past six months, and the BTC market share has reached the highest level in the past two years;
💥2. BTC falls back to the 70,000-72,000 range but does not fall below it. It continues to rise after stabilizing at 70,000
If this happens, then today's 75,600 will be the high point for the next week or so; the alt season will be delayed for one week; but fortunately, it is a real breakthrough, and it will also start a big market, and the overall bullish trend in November;
💥3. BTC falls back below 70,000, leading ET H and the altcoin are back to the bearish trend. ETH and the altcoin may hit a new historical low next week and return to below 2100
70,000 is very critical. If nothing unexpected happens, it will not fall below. If it falls below, it will be a big deal. If it falls below, the main theme of November is to short at highs;
⭐The reason for these three possibilities is that the rise of BTC in September and October is already anticipating Trump's election. After all, the prediction in the circle is likely to be Trump. Today's good news is realized and the upward trend is accelerated. Then it depends on whether there will be more substantial good news from the United States. Otherwise, it is just the expected hype realization;
💥In terms of operation, it is necessary to pay attention to the vicinity of 71,000. If you do medium and long-term market, you still need to wait and see for at least one week and build positions in batches
💥The US election is coming, market volatility is intensifying, and there is a risk of a sharp drop before the 7th!
⭐The election process will begin on the 6th Beijing time, and the results are expected to be announced on the 7th at the earliest. Since Trump is also good at making trouble, there may be other unexpected events that delay the result by one month; the results of the 2020 election were basically announced on the 7th;
💥This week, we will focus on the election results. The election will bring drastic fluctuations to the cryptocurrency circle; if Harris is elected, BTC may fall back to the 60,000-63,000 range, ETH2100-2250, and the trend of the cottage is still not optimistic. In a pessimistic situation, it may directly follow the main weekly decline, and continue to fall by more than 20%;; ⭐If Trump is elected, a new round of market will start after bottoming out at 66,000-68,000 in the near future; Short-term BTC rebound resistance 69,000-70,500, ETH2490-2530; Technically, BTC has basically fallen back to the long-term downward channel, and the upper 71,000 has become a super strong pressure in the near future;
💥The market share of the cottage has fallen below, and it has not bottomed out ; BTC market share is still rising, so when BTC pulls back, the pullback of the altcoin will be much greater than BTC; The main altcoins have already talked about the weekly main falling wave structure last week, and they need to stand firm this week to be lifted. If they cannot stand firm, they will continue to fall.
⭐ Operation ideas: At present, you need to wait more and participate in large positions after the election is finalized. The altcoins should be noted that they are high-risk and reduce their allocation; At present, at least 60% of the total position is reserved to wait for the election results, and buy back as soon as it stands firm or wait for a sharp drop to buy the bottom; #美国大选后涨或跌? #11月市场预测 #BTC☀
😎BTC has reached the 70,000 mark again after 4 months. Is this a real breakthrough? When will 80,000 come?
Due to the significant increase in the probability of Trump's election, Trump-related concept stocks and BTC rose strongly last night, and BTC rose above 70,000 again. Generally speaking, it may fluctuate around 70,000 in the short term, but this main rising trend has just begun, and the impact of 80,000 in November is worth looking forward to!
In the past 24 hours, Trump's trading has obviously heated up. Last night, Trump Media Technology Group closed up 21.59% with a turnover of US$4.792 billion. Compared with the lowest point of US$11.75 in September, the stock has risen 310% so far.
Dogecoin, a cryptocurrency related to Musk, rose 15%. As early as last week, it was mentioned that DOGE still has room for substantial growth, and the opportunity of DOGE was recommended. This week, it led the mainstream currency.
From the market point of view, BTC has broken through the flag-shaped consolidation channel that lasted for more than half a year, and the moving average is strongly bullish, the volume and price are rising, and the Bollinger band opening is widening. A new round of market is basically set in stone; the recent retracement focuses on the key position of 70,000. If it holds, it will directly rise strongly. If it falls below, it will hopefully give a low position of 68,000-69,500, which will be a very good point to add positions;
DOGE has reached a strong pressure position at the weekly level, and the short-term overbought is serious. There is a need for adjustment. It is not cost-effective to chase high now. Although the medium and long-term can at least see around 0.23, it does not matter if the cost is low. If you have not boarded the train, you can pay attention to the retracement area of 0.14-0.15. If it does not break, it will still start a new round of main rising waves;
💥The most exciting currency over the weekend was APE, which rose 122% in a single day. A large number of NFT players who were trapped cried with joy. Although they have not yet recovered their investment, they finally moved, and once they moved, it was a big move; the 24-hour trading volume squeezed into the top ten, becoming the most concerned altcoin in the market;
What is the reason for APE's rapid rise in the short term?
💥Of course, the first reason is that we are now in a crazy bull market. There is sufficient funds to support APE and even multiple currencies like APE. The judgment on the bull market has been mentioned many times before, so I will not repeat it here;
More importantly, APE is making trouble. APE officially announced the launch of the Apechain mainnet. Community users can transfer their own token APE assets to the Apechain chain through the cross-chain bridge. And the function of pump, which can freely issue MEME tokens and trade quickly, was launched. At one time, a large number of meme tokens were issued and traded using APE. Due to the large demand for APE in the short term, APE rose rapidly;
⭐Since its launch, ApeChain has completed more than 1 million transactions and a total of more than 10,000 contracts; a trader traded 18 Meme coins on ApeChain in nearly 30 hours and made a profit of 300 times on CURTIS; APE's popularity has exploded! And it has taken the entire metaverse sector by storm;
MAGIC, BLUR, DEGO, AGLD and many other related currencies have risen, and some old metaverse coins that have not moved for a long time have finally been driven by APE;
💥Then the question is, is APE a flash in the pan? Will it go where it came from?
In fact, the title has given the answer. APE still has great potential. Moreover, Jifeng predicts that APE will be the leader of this round of the metaverse. APE's more amazing increase will be in November.
⭐Currently, APE has risen to the lower edge resistance of the descending triangle at the monthly level. There are a lot of locked-in orders around 1.7-1.9, which needs time to digest. But once the selling pressure is digested here, the second wave of rise may come, and it is very likely to challenge the pressure level of 6 knives at that time.
But there is also a support range that cannot be broken below, which is around 1-1.2. After a long period of bottoming below 1, it cannot fall back again. If it falls below, the dealer will fail to restart.
⭐MEME coin continues to explode, DOGE has risen by 20% continuously, will the dragon of the last bull market regain its glory?
MEME coin, as the main narrative line of this year's bull market, has been popular from the first half to the second half. There are dozens or hundreds of times of coins appearing on the chain, and major exchanges are vying to launch various MEME coins, which makes old investors confused. Those who insist on value investment are also confused, and the classic saying "value investment is nothing, all in MEME lives in the palace" appears. So why can MEME be so popular in this round of bull market? How long can it last next? What are the opportunities?
💥 First of all, let's take a look at why MEME can be so popular in this round of bull market?
1. In fact, consensus in the currency circle is the greatest value. VC coins crashed as soon as they were launched, and the project owners ran away in various ways, breaking the hearts of users; MEME, a relatively fair project driven by the community, is more popular
2. Western preference, most MEME coins are popular in the West, and very continuously
3. The market value is still small and medium-sized projects, many of which are in the range of 500-1 billion, which is relatively room for growth
💥How long will it be popular next?
In the early and middle stages of this round of bull market, that is, most of them were popular on the SOL chain in the first half of this year, and then extended to the BASE chain. Now it has just begun to extend to the ETH chain, and the MEME of other chains is still in the midst of the explosion, so meme is now at most in the middle stage, and there are still a lot of opportunities;
💥What other opportunities are there?
And today I want to mention DOGE specifically, because Trump's chances of winning have increased significantly, and Musk is a firm supporter of Trump, so DOGE has risen sharply recently, and this rise can only be regarded as an appetizer. The real surge of DOGE is still to come, and you can continue to pay attention to it later;
As for other MEMEs, such as BOME and NEIRO supported by Binance, they are still worth looking forward to;
In short, believe in MEME, this round of bull market will not let you down; there are many opportunities, and the bull market encourages each other!
BTC is rising strongly, and this coin has the hope of becoming a new round of leading coins;
Yesterday, BTC rushed to 68,000 and then fell rapidly, directly falling more than 3,000 points to below 65,000, but it regained its footing and returned to 67,000. The current trend is stable, and it has stepped out of the blood-sucking market. The cottage industry has begun to weaken, but it is only for the next wave of outbreaks;
Recently, SCROLL started trading after it was launched on Binance launchpool. As the top project of Ethereum's second layer, it is currently somewhat underestimated. The current TVL ranking has come to the fourth place, second only to the previous king project arb,op and the new leader BASE, and the fundamentals are relatively solid;
And SCR accounts for 98% of the trading volume on Binance, and only two exchanges are online, so SCR is very likely to become a key project built by Binance;
The trend on the disk in the past two days has been very stable. After a short-term bottoming out, it began to rise. If it can be stable and not break the previous low, it is very likely to accelerate the rise after the shock upward, leading the Ethereum series of currencies;
💥New coins are frequently launched, and large amounts of tokens will be unlocked in October. The overall market in October is not optimistic;
Recently, the eigen king project was launched first, and then SCR was launched on LANCHPOOL, continuing to suck liquidity;
The current market has returned to the PVP battle mode, meme hype, small coins are flying, it is difficult to form a sector effect, and funds are difficult to sustain
What is most worrying is that there will be super large amounts of tokens unlocked in October: tokens worth more than 3 billion US dollars will be issued in October; more than a dozen tokens unlocking more than 10 million US dollars, and the largest TIA unlocking more than 1 billion US dollars
Therefore, the overall expectation in October needs to be lowered, and the rebound and reduction of positions are the main focus. 65,000-68,000 is the risk area;