Now everyone is paying attention to the issue of the Federal Reserve's interest rate. Before the shoe drops, the market has different views. Affected by this, the US dollar is in a weak and downward rhythm. The Fed's upcoming interest rate decision, the performance of US economic data, and the evolution of the global geopolitical situation will all be key factors in determining the trend of Bitcoin prices in the future. From the news perspective, the current market environment is still relatively favorable to the currency circle, especially the rising expectations of the Federal Reserve's interest rate cuts and some actions of global central banks, which make the currency price still have a good foundation for rising in the short-term fluctuations.
Methods and underlying logic for screening 100x coins
1. The circulating market value and total market value should be low
The total market value of the public chain should be less than 50 million, and the dapp protocol should be less than 5 million. It is easy to understand that the circulating market value should be low. If the market value is too high, there will not be enough room for growth, so the lower the better.
Why must the total market value be low? That is because the tokens will be released slowly in the next 1-2 years. If the total market value is too high, it means that the project owner (dealer) can get rich by directly selling the tokens without having to pull the price. In other words, even if the price drops 10 times, there will still be high prices and profits.
2. The track ceiling should be high
At least the valuation in a big bull market should reach more than 1 billion US dollars. If it is a meme coin, you can refer to dog coin, if it is a public chain, you can refer to ETH SOL MATIC, if it is a dapp or other protocol, you can refer to uni aave LDO, etc.
3. New narratives, don’t participate in tracks that are too unpopular
It is best to solve practical problems. The new narrative must be long-term value discovery, not short-term cyclical hype. For example, the current AI GPU computing power narrative, a safer, faster and more decentralized public chain, and infrastructure across several tracks such as the Metaverse Chain Games AR
4. The 100x Black Horse Coin must be in a place where no one cares
Because the coins known to the whole network basically opened high (ICP) or had normal valuations (ARB), do you think their unit prices can increase 100 times? When the market opened, the total market value was tens of billions or hundreds of billions. Let alone a 100-fold increase, even if it increased 10 times, it would catch up with ETH and BTC.
5. The liquidity of early 100x coins was generally very poor, and they were usually on the chain or in small exchanges.
6. The best time to launch a token is at the end of a bull market or the beginning of a bear market
7. The unit price is low, and there should be more zeros after the decimal point
8. It is best to use a public chain or a head protocol on a public chain
9. The founder, team background, investment institution, and financing amount must be reliable
10. Those who violate the logic of value investment are not allowed to participate
11. Try not to participate in old coins unless there is a very strong new narrative
12. Choose the first track, and try not to choose the ones behind
Market Analysis
From the daily chart, the K-line combination in the yellow box is quite interesting, and it is a strong structure of the bulls. The only shortcoming is that the closing line is not above the first big positive closing line, and there is no complete engulfment. However, the strength is also very good, and this pattern is still bullish. In addition, it is currently suppressed near 0.618, and there is also suppression from the downward trend line. This is very critical, and there is also key news. Tonight should be very exciting.
In 1 hour, the strong support below is in the 58900-59400 area, which is the gap of the previous gate, and has become the long-short switching position. In addition, the current big positive line in 1 hour has the need to fill the gap. If it falls back and supports here, you can consider entering the long position. The upper side is the pressure performance near 62000, which is also the previous shock range. If it is first pressed and forms a pattern, you can consider shorting.
ETH is relatively clear. 2307 has always been the key pressure support area. After the market stabilized after falling back to 0.618, it turned upward. Here, it will test the support near 2307 again. If it holds here, you can directly consider long orders. On the upside, we will see the key pressure near 2390.
The interest rate decision will be made tonight. For prudent people, you can wait for the news to come out and then follow the trend. During the day, you can focus on short-term trading as much as possible. If you want to gamble on the news trend, you also need to bring capital protection and loss
