Yesterday, the U.S. stock market opened in a terrible way, and continued to fall! The overall environment is still weak, and the entire financial market is in a state of panic. BTC has now fallen below the key support of 58,000-57,000. Last night, the Bitcoin ETF outflow of $287 million, this selling market is completely unable to catch up. The intraday support is 55,600, and if it falls below, look at 54,000-52,000!
In the last 24 hours, a total of 76,150 people were liquidated, with a total liquidation amount of $199 million
The largest single liquidation order occurred on Binance - BTCUSDT worth $2.0027 million
It only rose a little bit and then started to fall again. Didn't it say it was going to rise sharply? After thinking about it, I finally found the reason.
1. The US government started to act up again, selling 1,323 large and 1,104 small coins, totaling nearly $150 million.
2. The latest US ISM manufacturing PMI data for August shows that the US economy continues to shrink
3. US stocks continued to fall, and Nvidia's intraday decline widened by 8%
4. Historically, September has generally seen a decline, which is consistent with the logic of a decline
BTC and many high-quality altcoins are in pricing deviation! Don’t miss the opportunity!
In this wave of decline, many altcoins have fallen back to the level of the last big crash. There are large pricing deviations between many high-quality altcoins and Bitcoin. Friends who want to buy at the bottom can give priority to MEME sectors, small-cap tokens, chain games, DEFI, and AI, as well as the three musketeers of Inscription. Audi ORDI showed unusual toughness in this wave of decline. The rebound strength and resistance to decline are good, which is acceptable. The performance of sats is second, which is also good. The decline is not much, and it is also relatively strong, so it can also be ambushed.
In addition, AVAE recently launched the Avalanche9000 network upgrade, which is the largest upgrade since the network was launched. This upgrade may improve the performance and security of the network and attract more developers and projects to participate in the Avalanche ecosystem. The current price is also near the 4-hour support, and subsequent developments and trends deserve close attention.
Tianmei recommends the recent rising trend of Zhifucoin:
- StormX（￥STMX）
Market value: $71,015,300
24-hour trading volume: $40,727,800
➜ The current market value is about 88 million, and the circulating market value is 77.7 million. It is basically in a fully circulated state. The market value is less than 100 million, which is considered a small-market-cap coin on Binance.
➜ The main force is also relatively active, and it is also a potential coin with explosive growth. The daily level has already gone out of the upward trend, and the weekly level has been sideways for four weeks. According to the previous weekly level trend, the sideways trend will basically not exceed five weeks, and there will definitely be a relatively good wave of growth.
- ￥RATS
Market value: $87,165,000
24-hour trading volume: $17,107,800
➜ The daily line is a small negative line with a short upper shadow, and the trading volume is a little more than half of the previous day. The daily MA30 line is running slightly upward, and MACD shows a weakening downward momentum near the zero axis.
➜ The daily line needs to be adjusted, and the market will continue to rise. The short-term trend is still affected by Bitcoin, but it will be slightly stronger than Bitcoin.
➜ The short-term pressure level is in the range of 10000-11500
➜ Support level is in the 7700-8300 area
➜ Don’t be afraid of spot, any decline or pullback is a good opportunity to buy, and even if you are trapped, it won’t last long.
- ￥ORDI
Market value: $642 million
24-hour volume: $196 million
➜ The daily line is a small negative line similar to the cross star pattern, and the trading volume is basically the same as the previous day. There are a lot of short-term profit-taking here. After all, it has reached the pressure level near the daily level and the downward trend line.
➜ The daily MA30 line began to turn slightly upward, and the price closed above the MA30 line. It will depend on whether it can stand firmly on the line today and tomorrow.
➜ The short-term trend will be affected by the trend of Bitcoin, but in the short term it is still stronger than the trend of Bitcoin. Don’t be afraid of the spot. The decline and pullback is an opportunity for you to get on board. It’s time for the leader of Inscription to show its power.
➜ The retracement position is still valid, 29.4-27.6-25.6
➜ 29.4 has been received, and the remaining two points, wait patiently, and hold them when you buy them. If you haven't received them, you can wait until the upward trend is confirmed, and then find a position to chase.
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