Tron under Sun Ge launched the first one-click meme coin issuance and trading platform sunpump. I briefly studied it in the afternoon. This thing is really simple. Just enter the name, picture and related description of the token on the official website to issue the coin with one click. The first sunpump meme coin sundog listed on HTX rose 600% today. Sun Ge is really good at hype. Sundog is well-deserved to take off!
Just this morning, Uncle San briefly outlined the future expectations for the meme sector on the Planet. At present, pepe and floki have shown signs of reaching their monthly peaks. The future wash-out and trend brewing will take a relatively long time. The next wave of meme craze should belong to old-fashioned local dogs such as doge and shib. The corresponding memes on the solana chain are also showing signs of weakening. Too much attention means reaching the peak, and being forgotten is often a precursor to an outbreak. This is the cycle.
As soon as the sunpump platform was announced, negative opinions from the public opinion field followed. It was a consensus that whichever sector Sun Ge laid out would be the doomsday carnival. The ICO of trx became a swan song, the game of horse racing only existed in distant memories, and the token plus p was criticized. It was such a person who was always negative about others, who developed a one-click platform for sending local dogs.
So, will the meme sector reach its peak because of Brother Sun’s arrival? Judging from the development of the market, it certainly won’t, but the threshold-free one-click coin issuance will lead to the proliferation of memes. This sector will enter a certain period of adjustment. Combined with the lack of liquidity in the market, Brother Sun will definitely bear the blame for the short-term collapse of memes. This is not only a consideration of the laws of market development, but also implies the metaphysics of how things will develop after Brother Sun enters the market.
From a macro perspective, the number of initial jobless claims in the US last week was lower than expected, falling to the lowest level since July. Expectations of a US recession have been greatly reduced, and the market has dropped from speculating on a 50 basis point rate cut to 25 basis points. US stocks have performed strongly, and the crypto market has gone against the trend. In the case of recent data that is almost always favorable, the crypto market will fluctuate against the trend. The reason is that when the speculation on the rate cut becomes a foregone conclusion, the focus of the market is on the extent of the rate cut. The greater the intensity, the better the risk market.
Yesterday, the U.S. Bitcoin spot ETF had a net inflow of US$11.11 million, and the Ethereum spot ETF had a net outflow of US$39.21 million. OTC funds continued to fluctuate within the range, with little impact.
As the market continues to fall every day, more and more people are disappointed with the industry. In the past six months, the cryptocurrency market has performed much worse than the US stock market. Tesla has gone from 160 to 270, while Bitcoin has returned from 73,000 to 58,000. Of course, if this cycle is pushed forward ten years, Bitcoin's performance is no less than any financial product. I believe that it will be the same ten years later.
BTC: Yesterday, Bitcoin broke out a big investor with 10 million USD, which caused a short-term crash and broke the 57,300 support point. Then it was quickly pulled back. In terms of trend, the range from 59,000 points to 57,300 points is basically all through. There is no signal indicating that the adjustment is over. So the next focus is whether 57,300 points will go down again, and whether the 56,000-point daily support can work after the decline. The US stock market is very strong. Bitcoin will not logically go through a completely polarized market in the later period. Wait until the adjustment is over. How long the horizontal line is, how high the vertical line will be in the future. The expectation is that this direction is upward. The first sign of the end of the market adjustment is to break through 63,000 points. At least above this position, the bulls will be relatively strong, and the cottage will also go out of the right position here.
ETH: Ethereum’s intraday trend continues to be linked to Bitcoin’s adjustment. The bottom support continues to focus on 2510 points. It quickly pulled back to this position today. The support is still relatively strong. The pressure level is 2848 points.
SOL: Solana and other big cakes will have a pullback after filling the gap. Let’s see if it can provide an opportunity. The ideal price is within the range of 130 points to 120 points.
TON: Intervene directly when the market pulls back to 5.8 points. There may not be any opportunities in the short term. Pay attention to the support below near 6.5 points and consolidate the long position first. It is expected to be strong for a period of time.
The Fear and Greed Index is 27, indicating a state of fear. After the bottom of the bitcoin market, the first-tier stocks that are expected to rebound strongly are sats, ton, tia, near and mkr. Each of them corresponds to the dominant position of different sectors, and you can refer to it without any pattern.
Finally, stay away from leverage and stock up on spot goods! #美国CPI数据连续第4个月回落 #新币挖矿TON #加密市场反弹 $BTC
