Talk about the market directly.

Today, Bitcoin has completely reached 58,000. Thirteen said in previous articles that Bitcoin has a high probability of going up. 55,000 is a good entry point, and it can directly reach 58,000.

Now it has stabilized at 58,000, how will the market develop next?

Thirteen believes that this market situation may be the place where the upward channel opens.

Of course, the market may continue to decline, but it is unlikely to fall below 55,000.

Last night’s CPI data was positive, so tonight’s PPI, regardless of whether it is bullish or bearish, will not have much impact on the market.

The FOMC meeting will be held in 6 days, and the final answer will be whether the interest rate will be cut by 25 basis points or 50 basis points.

There are many voices in the market now. Some people think that the market will fall after the interest rate cut, while others think that the market will rise after the interest rate cut. Both make sense.

But one thing is certain: in the long run, the market trend after the interest rate cut will definitely be upward.

If you are a short-term arbitrageur, Thirteen cannot give you any advice, but we are all long-term investors. Whether it is a decline before or after the interest rate cut, it is an opportunity for us to enter the market.

To quote the Chinese national football team, there is not much time left for the Chinese team.

Similarly, there is not much time left for cryptocurrency investors to buy at the bottom.

It is almost certain now that 55,000 is the bottom range, and the upward channel is likely to open in October.

We have all bought enough chips at the bottom, and hope that a sharp rise in the market will soothe our broken hearts over the past few months.

2，

I don’t know if you have noticed that some altcoins have climbed out of the bottom range and started to rush upward. For example, Sui, which we have been paying attention to before, has broken through 1.

bnb also saw a big surge today.

Previously, Thirteen said in the article that cz is about to be released from prison, and coupled with the favorable market conditions, we should regard bnb as a strategic reserve.

Not only can it be used as a golden shovel, but it can also benefit from rising coin prices, killing two birds with one stone.

FET and RCDR have been rising recently due to the positive impact of the ChatGPT version update, but now they have reached the pressure level. Thirteen’s suggestion is to move the stop-profit level up to 1.2 to lock in profits in advance.

After all, the current hype value of the AI ​​track is greater than its actual value, at least in the cryptocurrency circle.

Some projects are booming with lights and decorations, while some are gloomy and bleak.

Sol is currently facing relatively large short-term risks. We know that Sol’s TVL continues to dominate the charts this year, not because its ecosystem is good and everyone is willing to use it, but because of the local dogs on the chain.

It can be said that for now, it is the local dogs that support the sky of sol.

But Tugou is, after all, a game where the banker cuts the leeks. How long can it last? If it cannot return to its original value, this game of cutting leeks will not last long, and it is very likely to crash again.

The most critical thing is that Sol's local dog issuance platform Pump.fun recently faced a ban by the SEC. Pump.fun is a meme coin issuance platform on the Sol chain.

If targeted by the SEC, SOL may face huge risks in the short term.

After all, most people buy SOL in order to buy new stocks. Although these people are far from the thirteenth circle, their number in the currency circle is very large.

Short-term investors should avoid it in advance.

3，​

The current market situation does look quite depressing.

However, there is one key indicator that has not dropped. Although the market has been falling, the stablecoin has continued to grow.

This creates a strange deviation.

This shows that the funds in the market have not left and the hot money is still there, but they are just waiting and watching.

They are all slowly entering the market at the bottom, or waiting for lower prices, and only entering the market after a clear trend.

So there is nothing to worry about.

We have endured from March to now, and we are about to see an interest rate cut and usher in the golden October. We have no reason to give up before dawn.

On the contrary, you should seize the opportunity to enter the market.

Many people are still worried that speculating in cryptocurrencies is illegal. In fact, many lawyers have clearly pointed out that there is no relevant green support or opposition to investing in cryptocurrencies.

Therefore, our investment in Bitcoin is not illegal. Some people speculate in Bitcoin like thieves, shrinking back and forth. Thirteen has always been aboveboard. Once his bank card was frozen, Thirteen went to the bank and directly stated that his investment in cryptocurrency was blocked, not judicially frozen...

The girl at the front desk didn't understand and called the supervisor. I spent half a day giving them a lecture on cryptocurrency.

However, if you deposit and withdraw money frequently, or the amount of funds is relatively large, you must be careful, because it will be very troublesome if you encounter black money.

Generally speaking, you can unfreeze the world immediately if you are willing to spend half the money. It's a weird world.

Since the money received was black money, why can it be unfrozen by just paying some unknown fees?

This shows that this market has no legal support and mostly relies on the rule of man.

Therefore, you must pay attention to the safety of your funds and try not to withdraw funds if possible. After all, the bull market is coming soon.

Therefore, if you want to leave in large numbers, you should go to Hong Kong, which is safer, provided that you do not break the law.

I hope that everyone will be honest when investing in the cryptocurrency world and not take risks just to make quick money.