Today, the Federal Reserve announced a rate cut! Overnight, BTC suddenly pulled up to 61k, and this morning it returned to 60,000 dollars. It is in a state of changing at any time, and it will fly to the moon with Chang'e. In the next three months, it will fly to the Guanghan Palace of 100,000.
BTC alone rose to celebrate the Mid-Autumn Festival, which really feels like "to da moon". Unfortunately, only Bitcoin rose, with the price rebounding from 57,500 to above 60,000. The prices of most other coins are still at the price of 58,000 when Bitcoin was trading, which makes people who play altcoins feel very frustrated. If it rises, it can't rise, and if it falls, it falls sharply. What's the use of altcoins? It's time to wake up. Have you noticed that as long as it is a Chinese festival, Bitcoin rises most of the time, as if it was deliberately raised to celebrate the festival, hahahaha. Big fluctuations are coming. Those who are unsure should exit and wait and see in time. Do not use high leverage. There will definitely be pin-points at night.
Today's market analysis, from the K-line, the 1-hour level is a downward trend, the 4-hour level is an upward trend, the 12-hour level was originally a downward trend, and was pulled back by a big Yang yesterday. After 12 o'clock, it will enter an upward trend again. The daily level is an upward trend. The intraday pressure level is 62080, and the support level is 58600. There may be a slight adjustment after the positive impact of the interest rate cut, but the probability of another big drop is not great, so there is no need to worry too much. The big cycle expectations have never changed, and the bull market expectations are still built!
ETH 1-hour and 4-hour levels are above healthy levels, and the daily level is below healthy levels. Pay attention to the trend of BTC. The intraday upper resistance still exists, and it is expected to rise synchronously with BTC, but we still need to pay attention to the correction after the interest rate cut. The intraday upper resistance is 2430-2500, and the intraday lower support is 2270-2300.
The copycat sector rose synchronously with the mainstream. SATS should continue to be held and liquidated when it rises to around 50. Medium-term holdings can reach around 80. PEOPLE will have good expectations before the November election in the medium term. CKB should be held after reducing holdings and waiting for the ecological explosion. PIZZA has a lot of callbacks. FB's expectations after going online are not ideal. It is recommended to liquidate and exit when it rebounds to around 4.
100-1=99 will also be 100-1=0, 1 BTC is a top luxury item!
Most of the so-called crypto industry conferences nowadays have become sickle-like dating events. One person making money from 10,000 people is a blue ocean market; 10,000 people making money from one person is a crazy involution. I think we should hold a "leek complaint conference" and give the microphone to unknown small investors, so that they have the opportunity to speak on stage and tell their own stories. 100 - 1 = 99 is mathematics. 100 - 1 = 0 is the cold reality. In the entire crypto industry, leeks are 1, and all the glamorous exchanges, project parties, institutions, KOLs... are 0s behind 1... So, even if the beautiful bubble of the industry is blown to 1000000000000000..., as long as the 1 of the leek is gone, the building will collapse in an instant - no matter how many 0s there are, they can only be equal to zero.
The background of the crypto industry is finance. In the final analysis, finance only transfers value, not produces value. So many 0s are crying for food, racking their brains to transfer value from other people's pockets to their own pockets. The only thing that provides nutrients to the entire industry is the endless leeks. Without the correct investment philosophy and target, no matter how many 0s you make, the result will still be 0. It's a waste of effort. The importance of "correct direction" 1 and "continuous efforts" 0. If you only have direction 1 but don't make efforts, there will be limited achievements without 0; but if you don't have direction, no matter how much effort you make, it will be in vain.
In the crypto world, the correct investment direction and continuous efforts are equally important, and the existence of leeks (retail investors) is the basis for the operation of this industry. Remember: in the crypto world, the definition of "harvesting" is not the reduction of the value of the position in fiat currency, but the reduction of the number of BTC in your hand. In this market, it is very easy to make a few US dollars, but it is very difficult to make BTC, especially to increase the BTC in your hand in a long-term, stable and continuous manner. There are also many people who look down on BTC because it is not too expensive, but because it is too cheap. Today, 1 BTC is only 60,000 US dollars. When it is 500,000 dollars or 1 million dollars, those who looked down on it will wake up from their dreams and deeply realize that 1 BTC is a top luxury product.
4 potential coins that will achieve 100 times the value in 2024!
1.ICP
The Internet Computer (ICP), a blockchain that can be used to build any online system or service, is one of the largest cryptocurrency players. It is also at the forefront of the cryptocurrency market, ranking in the top 25. Despite its recent performance being below expectations, it is still one of the biggest highlights of the month.
Internet Computer’s price has risen by over 15% on the monthly chart, trading at $7.8. The stock is up over 8% over the past 7 trading sessions and is still leading the market despite the recent decline. $10 is the next key level to watch, and Internet Computer (ICP) is one of the most noteworthy altcoins to watch.
Moreover, according to the ICP price prediction, the altcoin could retest the yearly high of $19 in the fourth quarter, which is a worthwhile bet. In order to ride this wave and make the most of it, careful investors have been accumulating and expanding their portfolios.
2.BNB
Binance Coin (BNB), the largest exchange-based cryptocurrency and one of the top five altcoins, is undoubtedly a key player in the cryptocurrency space. It is the utility token for the entire Binance ecosystem, including the BNB Smart Chain and the Binance Exchange (the most popular cryptocurrency CEX).
Like the rest of the market, BNB saw a slight gain last week. On the weekly chart, the price is up more than 7%, trading at $547, and is also up 4% last month, highlighting a monthly appreciation.
Despite short-term price fluctuations, Binance Coin (BNB) remains one of the most profitable altcoins this year. Just three months ago, the stock hit an all-time high of $720 in June and is set to rise further.
3.XRP
XRP is an established and popular cryptocurrency issued by Ripple that is cheap and fast to trade. Financial institutions like XRP because it simplifies the process of making international payments using cryptocurrencies. At the time of writing, XRP is priced at $0.5871 and it continues to perform well even in the face of regulatory scrutiny. It recently won a legal battle with the U.S. Securities and Exchange Commission.
This boosts investor confidence. The ongoing partnership could drastically improve XRP’s business in light of the banking industry. XRP is one of the best cryptocurrencies to invest in, considering its clear use cases and positive fundamentals. It is wise to hold on for a while as it has strong potential so that you can realize a 20x return.
4.AVAX
Avalanche is a well-known token in the decentralized finance (DeFi) space that enables the creation of scalable decentralized applications (dApps) without compromising speed, security, or reliability. Avalanche’s focus on pushing the boundaries of DeFi has made it one of the top 20 cryptocurrencies by market cap.
Recent price analysis shows that AVAX has been quite volatile over the past month, but a bullish trend seems to be forming. The token’s price has increased by 14.26% over the past 30 days to $24. However, despite its huge potential, other assets may have seen even greater percentage gains. At the time of writing, AVAX is trading at $23.74.
Long-term holdings of AVAX are increasing, while short-term trades continue to play out. For many traders, this pattern indicates optimism, suggesting that prices could rise further in the absence of a major downturn in the market.
