On Friday night, the US non-farm payrolls and unemployment data were released, and BTC bears took the opportunity to stir up trouble. At one point, BTC was pushed down from 56k to below 53k. It seemed that it was heading for the 48k line on August 5, but it was not able to do so.
It is interesting that Wall Street is also a bit schizophrenic now. Yesterday, the three major US stock indexes began to collectively dive. It seemed like an emotional impulse, but soon, the emotions calmed down and the probability of interest rate cuts reversed. Now, the latest data shows that the probability of a 50bp rate cut has retreated to 30%, while the probability of a 25bp rate cut has risen to 70%, the latter is much higher than the former.
It's Black Friday again. The Americans spent a lot of money all night.
Yesterday's market review, Bitcoin fluctuated around 56,000 during the day, and stood at 57,000 dollars after the release of non-agricultural data at night. The good times did not last long. After the opening of the U.S. stock market, Bitcoin continued to smash the market until the closing price of the U.S. stock market fell to 53,000. During the U.S. stock market time, Bitcoin fell from 57k to 53k, a drop of 7%. It's finally the weekend, and you can rest assured that it won't fall. The current Bitcoin price is around 54,000. From the weekend to the weekend, what have the leeks experienced? There has been no big rise after the halving. There will definitely be a halving bull market. Hold the spot and then ship it out. All the declines and washes are for higher gains.
Today's market analysis: From the K-line, the 1-hour level is an upward trend, the 4-hour level has closed a series of positive needles, and there is a phenomenon of stopping the decline. The 12-hour and daily levels are in a downward trend. The intraday pressure level is 56,000 and the support level is 52,200.
It is not suitable to hold short orders for too long. When the position is reached, it is time to stop profit. Because the increase of long orders can exceed 100%, the decline of short orders will never exceed 100%. This is just the upper limit. The cost-effectiveness of the decline of short orders will decrease as time goes by... In the second half of the year, spot will not make any money. If you only do small and medium-term short-term and medium-term waves, you may still make some money. If it is a long-term investment, there may be a large floating loss. Whether you can make money depends on next year. Before the next bull market comes, there will definitely be an extreme low point.
The best operation strategy for altcoins in the cryptocurrency circle at this stage!
Regarding the current status of BTC and ETH, in fact, most retail investors or veterans know that the current market has not stopped falling, and the current trend is still in a downward channel. It is even more difficult to describe the altcoins! The liquidity of altcoins is also very poor, and there is a lot of unlocking and selling pressure on tokens. So what should we do now? Here are some suggestions for you!
If you are a short-term player and have U in your hand: For the first operation, you can do a light position in the second layer to do swing trading, choose a large public chain, or some phenomenal memes such as DOGE SHIB, or other high-quality currencies you recognize! Run away after you make money, or keep the U in your hand! Only do short-term trading! For the second operation, you can continue to wait and see, wait until Ethereum and BTC stabilize, wait until the big cake stands above 60,000, and when the altcoins have some gains, make a trending order to seek stability (although the price of the altcoin is low now, the market has not stabilized, there is still a certain risk!)
There is no shortage of skyrocketing coins in the cryptocurrency world at any time. What you are afraid of is that you don’t have USDT when the market comes. Be rational and avoid FOMO!
5 100-fold surge coins you can’t miss in the bull market
1. TREES
The potential dark horse in the Solana ecosystem! BOME is about to explode. As part of the Solana ecosystem, BOME has not experienced significant gains since its listing on Binance. The powerful bookmakers behind it have not yet gone all out. When the trading volume increases, BOME is expected to copy the strong trend of PEPE.
The current price is close to the bottom area, and the possibility of a market rebound is gradually increasing. The low market value of BOME provides huge space for pulling the market, and there may be a shocking rise in the future. Now is the best time to lay out, seize the opportunity, and earn rich returns!
2.TON
Those who like public chain tokens must buy Ton. No one buys new public chains instead of old ones. ADA Matic is too old, SOL Avax is OK. The new one is Ton, which will definitely soar in the future.
Buy now while the price is low, otherwise you will have to chase it later. Target 50-100 USD, buy in batches.
3.DOGS
I have seen this coin increase 100 times. It is not a bluff. The sour people and retail investors are afraid of unlocking it. The black and white dogs are almost all in circulation and are dispersed among most retail investors and investors.
ton+meme series, dogs is currently the representative meme coin of ton. 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. Just hold it and forget about it. There is a high probability that it will increase by 10 next year.
4.SUI
Sui Blockchain’s latest innovation allows users to conduct transactions without an internet connection, marking a significant development for cryptocurrencies. The technology fills a critical need, especially for areas frequently affected by internet outages, such as those prone to natural disasters or with limited stable connectivity.
By allowing users to process transactions offline, Sui aims to provide more resilient financial solutions to these regions. In addition to its potential impact on underserved communities, Sui’s internet-free transactions could also have implications for the Internet of Things (IoT).
Since IoT devices are key to the DePIN project, this technology may help these devices integrate and be used more smoothly in decentralized systems. At the same time, the launch of this technology has also sparked interest in Sui tokens.
5.FLOKI
Floki (FLOKI) is the fifth largest memecoin in the world and its development trend is extremely strong. Floki is not just a memecoin, but has now grown into a mature web3 project covering multiple fields such as decentralized finance, NFT and metaverse.
Since its launch in September 2021, FLOKI’s price has skyrocketed by 4,280%, and has surged by 820% in the past year. On June 5, 2024, FLOKI hit a new all-time high (ATH) of $0.000348. Over the past seven days, it has formed an ascending triangle pattern, and bulls are struggling to hold on to their bullish stance within the triangle.
