Hurry up and buy the dip! Folks, the bull market is really coming! Three major positive news in the cryptocurrency market are coming, and a big surge will happen on this day!
The latest hot coins are here! What benefits will Tao, People and Floki bring? What important events will happen in the cryptocurrency world this week? Let’s follow Shuqin to find out.
Everyone says that Bitcoin will skyrocket in October, so why will it rise, and what decisive positive factors will follow?
Yes, it really exists, and it is a huge benefit.
The first is that the long-silent FTX 16 billion repayment will be announced on October 7. It is very likely that, like the interest rate cut, it will trigger a huge surge in the cryptocurrency market on the day of the announcement.
You must remember the specific repayment date. The hearing will most likely start on October 22, so you must pay attention to these two dates. The increase it will cause will be no less than an interest rate cut.
Because these creditors are all old cryptocurrency holders, after receiving the $16 billion, at least half of their money will return to the cryptocurrency circle. These are old cryptocurrency holders who are very good at speculating in cryptocurrency and know that the cryptocurrency circle will start to soar within one year after each halving. Therefore, most people will enter the market as soon as they receive the money.
Everyone must not underestimate the influence and sustainability of these 16 billion. For example, Germany sold 4 billion in July. Every sell-off would cause the market to fall by 5%. These 4 billion caused Bitcoin to fall from 70,000 to 50,000.
But this time it’s 16 billion, which is a bigger buy.
Coupled with the traditional expectation of rising in October, I tell you, the cryptocurrency market will really take off in October. This wave will break through the previous high of 73,000 and directly explode to 80,000. So don’t wait for it to rise later before thinking about entering the market. You should consider building a position on dips this week.
After FTX repays the loan in late October, the Federal Reserve will cut interest rates on November 8. The last rate cut caused Bitcoin to soar from more than 50,000 to 65,000, so this rate cut will also have a very strong expectation of rising prices.
From the current interest rate market, the probability of the Fed cutting interest rates is 100%, including a 52% chance of a 25 basis point cut, and even a 48% chance of a double cut of 50 basis points, which is really high. If there is another double cut, then Bitcoin will surge another 10% and go straight to 90,000.
Moreover, there is a very high probability that the government will announce an end to the balance sheet reduction this time. Many people don’t know this, so it will be a pleasant surprise.
In the week of the rate cut, the election results will be announced, so there is a high probability that the cryptocurrency and U.S. stocks will see another surge.
As the election approaches, the election meme coin People is about to have the strongest and last outbreak in its life. It should start to rise two or three weeks before the election, so I think you can start ambush on dips in the next week or two.
Judging from the K-line, People is also moving very solidly, with a triple bottom and very strong expectations for rising. It is currently encountering a slight resistance at the neckline and starting to consolidate, but once it breaks through, it will go a long way, because it will definitely have a place in the hot spots in October. I plan to clear all my long-term positions in early November.
In addition to the election, Nvidia is likely to make another effort in the AI sector. Nvidia releases a new generation of graphics cards every two years in the fall.
The last released 4090 was on October 12, 2022, and the 3090 was on September 24, 2020. Therefore, NVIDIA will most likely release a new generation of 50 series graphics cards in October or November this year. At that time, Fet, Render and Tao in the AI sector will have strong rising expectations.
In addition, Nvidia will release a new financial report on November 26, so AI-type coins will be very popular in October and November, and we can plan ahead.
After that, it will be the turn of Ethereum's Prague upgrade, which will start to surge two months in advance, so we will prepare for the Ethereum ecosystem by the end of the year. That is, we will lay out the election sector in October, the AI track in November, and then prepare for the Ethereum ecosystem in December. This is roughly the idea.
Then for Meme coins, you can pay attention to Floki. It is one of the few coins with active project parties and institutional support. For example, the multi-billion dollar giant DWF will announce the purchase of more than 10 million US dollars of Floki every time the market is good, causing the price of the coin to double.
In February this year, Floki soared 10 times, so I am very optimistic about this coin. When the market rebounded in the past two weeks, I asked everyone to make plans, and now I have really reaped a lot of rewards.
I won’t talk about WIF and Pepe. Their long-term profits have doubled by now, and in the short term, our bottom-picking at Pepe 0.105 and entry at Floki above 0.15 are both perfect.
Then in the last issue, we let everyone escape the top of Tru, and bought the ETH long order of 2580 at the bottom yesterday. Now it seems that this is the bottom.
So, speculating in cryptocurrencies is just like that. Look at the data on the chain and get insights into hot spots in advance, so as to make money beyond the cognition of others. Those who want to operate together can take a look. Benqin updates the operation of each coin in real time every day.
Okay, let’s continue.
I don’t know if you have noticed, but without knowing it, the Wall Street giants are secretly increasing their Bitcoin holdings. For example, BlackRock itself has bought 24 billion US dollars and is still continuing to increase its holdings.
In the past 10 trading days, the Bitcoin ETF has seen net inflows for 9 days, and the amount is huge, with net purchases of hundreds of millions of US dollars of Bitcoin every day.
You have to know that these are all smart money, so I don’t need to say much about the future trend of Bitcoin, the upward trend is far from over!
This week, the cryptocurrency world will also usher in an important moment, which is the unemployment rate and employment data at 8:30 pm this Friday. Whether the United States will experience a recession and the probability of a financial crisis will depend on it.
The previous unemployment rate in this data was 4.2%, and the market expectation was also 4.2%.
The previous value of new employment was 142,000, and the current expectation was 146,000. It seems that the market believes that the data will not change much this time. This is often prone to accidents, and any slight deviation from people's expectations will cause drastic market fluctuations.
Na Benqin thinks that since the election is coming soon, they are likely to beautify the data, so the probability of bad news should be small.
Finally, don’t forget to like and follow us so that you won’t miss important market updates~
