Market Analysis

Yesterday, BTC broke through the 70,000 mark in a short period of time, and then quickly pulled back without any signs. It is expected that this is related to the transfer of BTC holding addresses in the United States. After Trump's impassioned speech, Biden launched a counterattack and quickly slapped Trump in the face. The negative news reappeared. The double negative news of Mentougou + ETF has just been alleviated, and an unexpected event followed. The United States holds 210,000 BTC, accounting for about 1%. If Biden sells off all during his tenure, it will still cause the market to fall again. Pay attention to the changes in BTC holdings in multiple events during the day. The general direction is still bullish in the long term. Pay attention to the pressure of 70,600. Breakthroughs will look at 75,000, 83,000, and the target is 90,000. Wait and see during the day, waiting for more information later. It is expected that the market will consolidate during the day to ease the selling pressure. The mid-term bull market has officially started, and the subsequent market will rise slowly. Just wait for the main rising wave to arrive.

ETH did not follow BTC in falling much. Grayscale withdrew 120,000 ETH again yesterday. In addition, the rapid pullback of BTC has not had much impact on ETH. We still need to pay attention to the changes in Grayscale's holdings. ETH's trend remains good. Wait and see today, pay attention to the trend of BTC, and pay attention to the support of 3260

The altcoin sector has slightly adjusted following the mainstream. In the past two months, pay attention to SATS. You can buy it in batches when it is low. There will be major positive news in September. PEOPLE can also be a key currency to focus on. Build a collection when it is low and wait for good expectations before the November election. CKB can be considered for short-term collection. RGB++ has good news and has a chance to rise in the short term. Wait for the ETH selling pressure to the currency of interest and buy it at a low point.

The approval of the Ethereum ETF has brought short-term negative impact, but the next BTC conference in the United States is being held. Although the Grayscale market crash and the Gate Ditch incident have had a short-term impact on the market, these negative impacts have been partially digested. More importantly, the US presidential election in November may bring good news, and it is expected that the interest rate cut in November will be as high as 90%.

Looking back at the historical trend of BTC, it usually fluctuates for 3-4 months after halving, drops by about 30%, and then starts a bull market. So friends, the bull market is really coming!

As the market recovers, we can prepare to lurk some potential coins in the near future, and the increase is expected to reach 5-10 times. In particular, SOL, the next expected spot ETF, and its ecological tokens PYTH and RAY deserve attention. Today we focus on BOME.

Bome is an emerging cryptocurrency project that focuses on decentralized finance (DeFi) and cross-chain technology. If its cross-chain technology and smart contract security can be successfully implemented, it will cause a strong response in the market. Technological breakthroughs are often the catalyst for rising coin prices. Despite this, Bome is still a cultural token similar to PEPE.

Although BOME has experienced a prolonged decline in the past period, it is gathering strength for the current bullish return. As market attention gradually turns to MEME coins, BOME is still at the bottom of history. Although it reached its peak when it was launched, it has not yet opened up a second market, so BOME has certain explosive potential.

🔥[BOME rises to the top 5, leaving DOGE and SHIB behind] Become the crypto dark horse that is about to take off in the bull market!

BOME's emoji token Bonk has soared recently and has become one of the top five tokens with the largest increase today, surpassing Dogecoin (DOGE), Shiba Inu Coin (SHIB) and Pepe Coin (PEPE). Currently, BOME is trading at about $0.01047, up 22.75% in the past 24 hours, and the trading volume has increased by more than 150% to $293 million. This shows the market's attention and investment enthusiasm for BOME.

BOME is currently the eighth largest emoji coin by market capitalization, second only to POPCAT, which ranks seventh. Analyst Clifton FX pointed out that the price of BOME has broken through the upper boundary of the triangle pattern on the daily chart and set a short-term price target, with an expected increase of 160%.

CNF also previously highlighted Yoddha’s bullish analysis, predicting that BOME might rise after forming an inverted shoulder pattern. This prediction has come true, and the price of BOME continues to rise.

In March, Binance offered a generous reward to whistleblowers of insider trading and launched an investigation into insider trading triggered by the listing of Book of meme. The ongoing monitoring of large exchanges such as Binance highlights the need for transparency and fairness in the cryptocurrency ecosystem to ensure that these increases are based on legitimate market forces.

Currently, the market is optimistic about three targets

$ENS

The small level continues to rise, and the 4h is in a triangle pattern. At present, there is a high probability that the triangle pattern will be broken in the short term. You can buy more at the current price around 27.5, and leave a position to cover your position. Pay attention to the 30u pressure line along the upper edge. Once it breaks through, the rise will accelerate directly. It is cost-effective!

The bullish logic of ENS is very obvious. First of all, ENS is also a coin that Vitalik has supported several times. The price has been very strong. After fluctuating at a high level for so long, it has formed a triangle pattern. The current price is close to the end, and it is time for a change. There is a high probability of an upward breakthrough. Then the 4h is a low-level golden cross, which means that the probability of an upward breakthrough will increase again in the short term, and the risk is relatively small. It can be sold if it falls below the lower edge. The profit is at least 30u above the upper edge.

Because once the pressure line rises again, it will be like a paper tiger that will break at the slightest poke. During this period of time, it has been digesting the selling pressure from above, so the profit is greater than the risk, so you can go for it!

$FLOKI

Floki is also near the support at the small level. You can buy more near the current price of 0.174 and leave a position to cover your position. The stop loss signal has appeared at the small level, and there is a golden cross at a low level. This pattern can easily accelerate the rise, so go ahead and rush in!

$TREES

$BOME has been very strong recently, why is there so much money coming in? First of all, not to mention that it was listed on Binance in 3 days, darkfam fans were crazy about $PEPE in its earliest days.

This also explains why $BOME is embraced by a group of big funds. These are the people who made money on ETH’s $PEPE and are willing to place a heavy bet on $BOME.