Can Bitcoin break the September curse this time?
Looking back at Bitcoin's monthly returns over the past 11 years (2013-2023), Bitcoin usually performs poorly in September, with 8 declines and a 73% probability of decline. At the same time, from the average monthly return rate, September is also the month with the largest decline, with a decline of 4.78%. However, as of September 20, Bitcoin's return this month has risen to 6.56%.
Moreover, the recent selling of Bitcoin ETF is weakening, while the buying volume is growing continuously. This wave has also risen from 54,000 to 64,000, an increase of 10,000 US dollars. The bullish sentiment of the market actually only needs three big positive lines to return to bullish sentiment. From the 17th to now, it has just continued to pull three lines. I hope that the bulls will take steady steps and smoothly move towards the 68,000-70,000 resistance line. Then, don't be too anxious, pull back and shake, and then open to the moon!
Before the rate cut, everyone was convinced that there would be no rate cut and that a rate hike would cause a sharp drop. But after the rate cut, the market began to pick up and the market recovered slightly, and then a group of voices emerged: all the good news is bad news. Although the current increase is not large, many people are still skeptical, thinking that this is a trap and the real decline is still to come.
But when the market really rises, these people will think that the timing is wrong and continue to wait for the market to pull back. When the increase makes people start to doubt their lives and the market reaches a level that makes people fearful, they finally realize that the opportunity has come. However, by then, it is too late - once the bull market is fully launched, the time left for retail investors to get on board is extremely limited.
By the time most people in the market finally realize that the main uptrend has already ended, they are left with only some leftovers. When these leftovers are regarded as a feast, it is time for the main force to withdraw.
Now the most in-depth analysis of PIZZZA chip structure and trend
1. Think
The largest BRC20 coin holding address is SATS with 53,000 addresses and ORDI with 26,000. When PIZZA first came out, the airdrop address was close to 200,000. So why are there so many more? Even if the users of ORDI and SATS do not overlap, the total number is only 80,000. So who do the extra 100,000 addresses belong to?
It is basically certain that it is UNISATS’ own wallet address, which means that it also has a large number of airdropped chips. Otherwise, are the dealers working for retail investors? It is easy to deal with it after confirming that there is a big dealer, just don’t be washed down.
2.TOP5 chips
The first place has been collecting pizzas from more than 1,000 wallets since September 18th. The dealer started to take action and also bought tens of thousands of pizzas from the exchange.
The second place is the GATE exchange address.
The third person bought 90,000 stocks during the big crash on August 5 and withdrawn them to his wallet on the same day.
The fourth place bought about 85,000 during the big drop on September 12.
The fifth place bought 80,000 PIZZA from the exchange on July 31.
3. PIZZA’s market makers trade on the HTX exchange
From the lowest point of the spike on September 3rd, 2.66U, we can see that the main force has placed a large amount of funds at this position to support the bottom, which is the same as the opening price of the big positive line on August 6th.
4. Future predictions
PIZZA and ORDI are surprisingly similar. The issuance volume is 21 million, and the lowest price for the big wash on the GATE exchange is between 2-3U. I personally speculate that they may be from the same trading team. If PIZZA's trend and increase are close to ORDI's trend in October last year, it will prove my analysis right or wrong, provided that PIZZA can be listed on Binance.
According to statistics from various sources, it is well known that the track that made the most money in the first half of the year was meme, but the track that everyone lost the most money was vc coin, but you may not know the currency type. They are all superstars: strk zk, etc. The more famous they are, the greater the loss.
In fact, everyone knows that the value of the currency circle is not that great. It is a common phenomenon that valuable coins have no value. So it is not about looking for value, but about thinking from the perspectives of chip distribution and narrative.
