Crazy, crazy, the market is going crazy!
In one week, Bitcoin soared from 69K to 89K, breaking the historical record, and its global ranking jumped from 9th to 8th, surpassing silver! Behind all this, it was because the old man won. Market sentiment exploded, retail investors and institutions were buying frantically, and U-coins were also issued without mercy, continuing to drive the market!
Since Bitcoin broke through its all-time high, technical indicators have become almost useless. After reminding everyone to pay attention to the risks yesterday, it did pull back by about 5%, but it recovered all the lost ground overnight.
The bull market is like this, pin-points and V-shaped reversals are commonplace, don't think about those small callback profits. Even if you have to do it, you must set a stop loss, don't hold on to the order because of the limited profit, and if you lose money, you will miss the next opportunity.
The current operating environment is completely different from the previous 8 months of shock and wash-out. The right way is to abandon those old operating habits and follow the trend to integrate into the bull market.
The first step of a bull market is winning the election, the second step is taking office, the third step is fulfilling the promise, and then the interest rate cut cycle is officially launched!
This position is definitely not the top. Institutions are still buying like crazy. How can it be the top? In a one-sided market, don’t try to gamble on those limited callback profits. After gambles, you may find that the prosperity of the entire cryptocurrency circle has nothing to do with you. Finally, a reminder, spot spot, remember to hold the spot firmly!
Today's market analysis: From the K-line chart, $BTC fell at the one-hour level (there is already a stop-loss signal), and it went sideways at the 4-hour level. The 12-hour and daily levels are still in an upward trend. The intraday pressure level is 90,000 US dollars, and the support level is 85,500 US dollars. Keep watching!
In terms of cottage:
The most dazzling coin these days is Dogecoin!
Dogecoin surged! Do you know why? Someone asked Musk if he was willing to be a government leader, and he joked that he was willing to lead the DOGE government.
The result? Today Musk announced that he will work with American entrepreneur Vivek Ramaswamy to lead the proposed government efficiency department - DOGE! You thought he was joking? Who knew he was actually playing it for real!
That’s right, why isn’t the DOGE I bought on Binance increasing in value? The prices on the chain are clearly rising like crazy!
Then let me tell you about my current situation:
1. Recently, I feel that although many people have not participated in koma, when talking about BSC's meme coin, everyone will think of it, and more and more people are discussing koma in the group.
2. Unfortunately, I chose ACT over PNUTS and chased the high at 530m, but Musk just gave PNUTS a big thumbs up and it flew away.
3. The Pi tweet last night had a pretty good rise in price. I thought it could still be hyped up even if it was fake. But he unexpectedly sent out a second tweet, which directly caused the price of the currency to plummet.
4. I had 10u left on the Gato I just sold, but it rose to 30u. It turned out that the coin only rose when I was not in the car.
5. Then I added 7007 and olm. It was still my strategy to buy low-priced coins that no one paid attention to. By the way, I sincerely recommend using OK Wallet, which makes transactions very smooth.
Oh, it's not easy to make money...
Some group friends also asked me why Binance listed Bome in just three days?
I don't understand this Binance wave! This coin is really the worst of all meme coins, without a doubt. After half a year of washing, its performance is worse than any other meme coin.
Why is Bome so bad?
Musk just called for pnut again!
In response to criticism of the government spending a lot of money on transgender monkey research, Musk used the peanut symbol, which happens to be the name of the pnut. The Democratic Party spent a lot of effort on the waste of resources at that time, just like sending peanuts to euthanasia.
Pnut is not only a key currency in the US election, it also represents a spirit of "reforming the US administration" - especially as Musk emphasized this morning: "A squirrel and his meme coin saved America!"
Some people say that pnut will reach 10 billion, what do you think?
LIGHT
As soon as Luce was launched, it not only caused a sensation in major communities with its two-dimensional image, but this trend also quickly spread to the field of cryptocurrency. On October 29, the meme coin of the same name, LUCE, was officially launched on the Solana chain. After its release, it soared all the way, and its market value once exceeded 77 million US dollars!
Trump may have some interaction with Luce, the first holy relic of Catholicism in 25 years. There are more and more related news and secondary creative content at home and abroad. The two-dimensional Musk is almost inevitably linked to this trend.
TERMINUS and MARS in the Martian City Concept
Musk's space exploration company SpaceX is developing Starship and plans to send humans into space in the next few years.
As early as 4 years ago (2020), Musk quoted two planets in the "Foundation" series by American science fiction writer Isaac Asimov in his tweet - Trantor and Terminus. The naming inspiration of $Terminus and $TERMINUS comes from Musk's Mars plan, reflecting his grand vision for future Mars immigration.
Classic meme coin
SHIB, PEPE, BOME, BONK, etc., all have strong communities behind them. PEPE is the most special one, but the expected Trump election narrative did not meet expectations. The rise of DOGE has undoubtedly overshadowed the brilliance of many classic meme coins.
It’s a bit like everyone knows Bitcoin (BTC), and now almost everyone is embracing DOGE. For those old meme coins whose market value has reached billions or even tens of billions, the pressure can be imagined.
Binance meme coin
Specifically referring to NEIRO and ACT. Both currencies are pretty good, but it seems that ACT may be a little stronger.
ACT is now fully buffed. Sam also mentioned WLD yesterday. The AI sector is about to be impacted. ACT is the only AI concept coin on the Binance platform. With highly concentrated chips, the current valuation is relatively low, and may even be the lowest. There may be a lot of room for growth in the future.
DOGE 和 Banana to the moon？
Banana is a meme coin on the SOL chain, with a current market value of $13.6 million, a 24-hour increase of 13,639%. Its trading volume ranks sixth in the entire chain, and the number of addresses holding the coin has reached 5,876.
The banana pattern is based on the paint job of SpaceX's Starship S31, and the prototype comes from a video (Peanut Butter Time) that tells the story of a pixelated banana dancing on the screen. This video has been viewed more than 220 million times on YouTube. The current market value of the currency exceeds $10 million and is expected to exceed $20 million soon.
How much does Musk love this emoticon?
According to the plan, the Starship with this paint job will be launched on the 18th. Interestingly, analysts pointed out that Musk placed this picture in the most prominent position of the Starship, which means that this banana pattern may appear frequently in future live broadcasts. It may even be seen on his concept car.
So, which coin will be the next "to the moon"? As an old investor, I think that in a bull market, keeping imagination is the key. Don't just look at short-term fluctuations. Wait a few months for high-quality targets and don't worry too much about short-term corrections. People who are afraid of falling often miss opportunities in a bull market and sell off their good assets.
