After the U.S. stock market opened last night, the market was up and down, with Bitcoin hitting a high of trend line pressure near 68,000. This has been a trend pressure for more than half a year, and it is quite difficult to break through it in one go. Therefore, after touching the pressure zone, the market took a sharp turn for the worse, falling back to around 64,800 as the lowest.
Judging from the trading volume of this upward attack, it is a relatively effective attack. Therefore, the current upward trend is still relatively healthy. It is okay to layout on dips. The upward trend is not very stable, and it always goes back and forth!
Especially for copycats, be careful not to chase high easily, otherwise it is easy to chase high and sell low! Or it is easy to be stopped out! Therefore, it is relatively reliable to find key points and layout at lows!
The copycats are still in the stage of accumulating strength and brewing, because everyone is waiting for the big cake to effectively break through and then reach a new high. Once the breakthrough is really made, the market will enter a crazy mode, and then the copycats will explode wildly, so grab the high-quality copycats in the potential track and wait for it to take off.
The second half of the bull market is coming, and the copycat season is about to begin?
Everyone's account balance will increase several times. If you fail to accurately judge the end of the bull market, the money you earn is just a number, and you may even face losses in a bear market.
During the climax of the bull market, if the funding rate is abnormal, the bull market is likely to end. A healthy rise means that the funding rate and the long-short ratio of positions are getting higher and higher, which can prove that the market is bullish. More people continue to buy to support a large number of sell orders in the bull market. The funding rate is a very important signal. The bull market ends in a frenzy, with altcoins skyrocketing, high sentiment, and middle-aged women entering the market. After capturing these signals, observe whether there are any abnormalities in the funding rate and the upward trend, and then decide whether to implement the position reduction plan.
To sum up: the darkest time has passed, and you thought the food on the table was half eaten. In fact, the food has not yet been served. Wait, the fun is about to begin.
Bitcoin is about to start a big market! Ambush these currencies with 100 times explosive potential in advance!
PENDLE
Pendle is gaining attention in the decentralized finance (DeFi) space by offering a new way to trade future earnings.
Moreover, its high liquidity relative to its market capitalization further highlights its strong market position. However, the 14-day relative strength index (RSI) is at 48.46, indicating a neutral outlook, which could mean a period of sideways trading.
Meanwhile, recent updates along with new partnerships have boosted the project’s growth, reflecting its efforts to continuously improve and expand within the DeFi ecosystem. Pendle’s price is expected to rise by 225.08% and could reach $13.83 by November.
ok
Ondo Finance combines traditional finance with blockchain technology to tokenize real-world income-generating assets.
Analyzing the 24-hour price chart shows an overall upward trend. The coin started at around $0.73 and peaked at over $0.77 before experiencing some volatility and eventually stabilizing around $0.75. This pattern indicates short-term volatility with multiple peaks and troughs throughout the day.
Additionally, the token's price also reflects volatility, with an overall upward trend. The market seems cautiously optimistic, but volatility is expected in the short term. Traders may find opportunities in this volatility, while long-term investors may be attracted by the project's focus on tokenized, stable financial products.
SUN
Solana is a blockchain platform designed to provide high performance for decentralized applications (dApps) and cryptocurrencies.
This shift in price could signal the end of a downtrend that began a few months ago. After reaching a high of $160 earlier this month, the price fell as low as $136.90. However, it is currently trading around $155, which suggests that Solana may be breaking through the resistance level that has been holding it back since late July.
Additionally, Solana is trading above its 200-day simple moving average, a technical indicator that is often seen as a bullish signal. With 15 of the past 30 days in an uptrend, Solana’s performance has been relatively strong in the short term. Additionally, the asset is highly liquid.
