2024.11.01🌞BTC touched $73,620 after falling below the $70,000 mark following the Nasdaq

Nasdaq: After reaching a historic high of 18,785, it turned downward, opening lower and closing down 2.76%; the main reason being the U.S. September core PCE price index year-on-year at 2.7%, with the month-on-month increase being the largest in six months: the core PCE price index rose 0.3% month-on-month, the highest level since April this year, with the previous value revised from 0.1% to 0.2%, marking the largest month-on-month increase in six months. What does this set of data indicate❓ The Federal Reserve will slow down the pace of interest rate cuts, with a maximum of 25 basis points cut in the remaining months, no month with a 50 basis point cut!

BTC: With the Nasdaq under pressure, Bitcoin (BTC) cannot stand alone. After rising to $73,620, it is only $157 short of the historical high of $73,777 and fell 5% below $70,000 following the Nasdaq; however, according to TradingView data, Bitcoin's market cap share has risen to 60.26%, a new high in three years. When Bitcoin rallies or drops, it has nothing to do with other coins!

ETH: Since switching to PoS, it has been consistently lackluster, with ETH/BTC continuing to fall! If you don’t work harder, even SOL will surpass you! SOL, being a single-chain, is essentially no different from centralized exchanges (CEX), just dressed in a DEX 'outfit'; in reality, 'all chains return to one,' leaving only the BTC chain!

SCR: As an L2 of ETH, its TVL ranks third among the five L2s, claiming a financing valuation of $1.8 billion, being Binance's first pre-market trading indicator, with an MC of only $140 million and an FDA of less than $700 million. It’s really embarrassing; just buy low and sell high!

MEME: For dog coins = 20 times playing altcoin contracts = 100 times playing BTC contracts, if the direction of contracts is right, making a few times or dozens of times is not difficult. MEME is like buying lottery tickets with small bets; large funds should stay away, as there are too many on-chain scams that are not worth it 🈹️

Rune: The rune MEMENTO•MORI released by Casey and his girlfriend Erin today is a free mint, unexpectedly costing 5 U with 52 gas fees, flipping it for a profit between $110-$180, over 20 times profit! However, Casey's influence as the founder of Ordinals is declining, with only over 10 million after the mint; given his character of fishing for three days and sunbathing for two, it’s not sustainable long-term; short-term FOMO is not recommended for a grand vision!

PS: BTC has broken the $70,000 mark for the fifth time; whether it can break through depends on whether the Nasdaq can hold up! #BTC突破7万大关 #美国大选后行情预测 #比特币白皮书16周年