Overnight BTC retreated to 56k. "He who is good at fighting is invincible"
Note: 1. BTC is in oversold in the short term, pay attention to the new low and go long during the day. 2. Non-agricultural data will be released at 8:30 tonight, pay attention to possible market changes. 3. Most altcoins are oversold by 70%, 6-layer warehouses are waiting patiently;
BTC fell to a low level on the daily chart, and the technical indicators showed oversold. The fluctuations from last night to this morning were relatively gentle, which was in line with the characteristics of the oversold area. The current market volatility is limited, so it is treated in a short-term manner. The US will release unemployment and non-farm data at 8:30 tonight. Next Monday and Tuesday will be a window for market changes. I will treat the market with a bullish view. In terms of operation, the negative line is an invitation to bulls. It is cost-effective to buy on dips in these 1~2 trading days. BTC short-term pressure level is 57850~58220, and BTC short-term support level is 56190~55730.
The overall market is weak and volatile. Bread tested 55,600 again, but it does not mean that there is no chance. There are still 12 days before the interest rate cut. When the institutions have finished absorbing funds from the bottom, there is still a chance to speculate. We will see the height at that time. Let's review several small harmonics in the morning and consider entering the market after the retracement. There is a chance. The volatility is violent and the bottom is basically stable, which means that the institutions continue to absorb funds. When retail investors are stunned and there is another wave of the last drop, there will be a chance to start. What we need now is to protect the principal, which requires a little patience.
The Fed is about to capitulate by cutting interest rates
According to data from CME's FedWatch tool, market expectations for the Federal Reserve to cut interest rates at its September 17 and 18 meetings continue to rise. The data shows that the market predicts that the probability of the Federal Reserve cutting interest rates by 25 basis points is 59%, while the probability of cutting interest rates by 50 basis points is 41%.
The appreciation of RMB against USD and the false positive premium of USDT, when multiple points are connected, anyone with a discerning eye can see that the game of "shooting the bull from behind the mountain" can be closed. The Federal Reserve is like the blue bull under the seat of Taishang Laojun, taking Laojun's diamond cutter and taking away the world's liquidity. However, Sun Wukong finally found the master behind it, subdued the blue bull spirit, and put the diamond cutter on the bull's nose. The magic weapon that traps the world's people eventually becomes a shackle to trap oneself. The blue bull spirit obediently followed his master Taishang Laojun back to heaven to report.
We are still in the enthusiastic bull market phase
Although this does not seem to match the recent "feeling temperature", see the following picture:
Since breaking through the previous high in 2021 and setting a new historical high in mid-March, judging from the "realized profits", those who should have escaped the top have already escaped the top, and judging from the "realized losses", those who should have cut their losses have almost done so.
In this way, there will be very little floating loss left. The reduction of floating loss can be due to the rapid rise in prices, and everyone is making a floating profit; or it can be because those who should sell have sold their shares, and only the long-term holders have a floating profit position. In the past six months, BTC has been fluctuating downward as a whole, so it is not the former situation, but the latter situation.
As the saying goes: leeks have three treasures
1. Take over at a high position
2. Cut meat at a low position
3. Return to capital and stop profit
The escape from the top in March may be mixed with the "profit-taking" of many high-level locked-in positions in the bull market of 2021. The more and more sell-offs in the past six months, the more the market has fallen. It is probably because short-term holders who entered the market at high prices in March and April could not stand the decline of their purchases, so they cut their losses at low prices and left the market.
It can be seen that although it is not easy to make money in the market, it is really easy to lose money. If you really understand how to lose money, then you are not far from making a profit - just do the opposite.
Strong bank coin, dance with the bank! Opportunities for thousands of times profit!
Strong market makers refer to such markets as High, Loom, Gas, Hifi, Powr, Agld, Lina, Cyber, Arpa, Mtl (and many more). They are usually characterized by sudden increases and decreases, usually 10 times at a time, and then falling back to 80% in a week. This type of opportunity is the strategy that has made me earn the most money in the secondary market in the past year.
This kind of plate is not easy to trade, because it requires quick reaction, huge short-term fluctuations and the need to read the on-chain and contract data. I have explained these in detail in the internal group, including the process of reviewing the recent gains and the operation ideas. I hope you have the patience to read and understand this strategy. I can only sort out the logic as much as possible to help everyone understand, but each plate is different. If you lack basic trading logic or even common sense, or cannot understand that different handling of transaction details will have a huge impact on the final result, then I don’t recommend you to try it.
You can buy the bottom of 3 popular altcoins, the next PEPE that will explode 100 times in the bull market!
1.DOGS
I have seen this coin increase 100 times. I also said in my previous article that it is a good match. I am not bluffing. The sour people and retail investors are afraid of unlocking it. Those in the group who got on the train first have already gotten a lot. The Black and White Dogs are almost all in circulation and are distributed among most retail investors and investors.
ton+meme series, dogs is the representative meme coin of ton at present. If the bull market comes and ton develops in the long term, meme coin will increase 100 times. The time may be extended to 1-5 years. Those who hold spot coins will forget about it. There is a high probability that it will increase by 10 next year.
2.SUN
SOL is trending similarly to Ethereum (ETH) and could see a rebound in the future. October is expected to be favorable for the market, and SOL could benefit from it. While market volatility is high, Solana’s new staking products and Bitcoin’s rise could have a positive impact on prices. However, on-chain data and institutional selling pressure pose some resistance to prices. Overall, while there is uncertainty, new staking opportunities and market conditions could facilitate a rebound for SOL.
3. GHOST
It is rare to see a defi sector. In such a severe bear market, usually the defi sector is steadily rising, the interest rate is very high, and the price of the currency will not have a big explosion. Aave has very good fundamentals and ranks in the top 37. I only recommend buying it. The trend is bullish. Those who like steady growth can buy it in batches.
Success does not depend on luck, choice is more important than hard work
