Today is Monday, September 23, 2024. I have been saying since last month that the market will come. As long as the price goes down, it will be a gold mine. It is worth fighting for it once. If you are given the opportunity, you can boldly buy the bottom in batches. Compared with the beginning of September, Bitcoin has already increased by 20%. Although Ethereum has been performing relatively weakly for some time, it is now slowly climbing up.

Personally, I think the cryptocurrency world is not a place where you can make money as long as you work hard. In fact, the harder you work, the more you lose. Sometimes you can't buy at the bottom just by feeling. When the price was 55,000, you didn't dare to enter, feeling that it would continue to fall to 50,000. As a result, the price was pulled up directly, and you missed the best opportunity to buy at the bottom. Personally, I think that sometimes the market does need to enter the market from the left side, and there is no need to blindly pursue the bottom price. You only need to pay attention to that the price you buy is low in the future market. If you can't get trapped, you have successfully bought at the bottom.

Back to the market, Bitcoin's recent performance is still relatively strong, with a local volatile upward trend and no major pullback. In addition, Harris announced in his speech that he also supports cryptocurrencies, which is undoubtedly a good positive. Now both the Democratic and Republican parties support cryptocurrencies. No matter who comes to power in the end, it will be good for the encryption field.

The short-term pressure of Bitcoin is 65,000 US dollars. If it can break through 65,000 in the short term, I think the next target is likely to hit around 70,000. Once it stabilizes at 70,000, the market will completely reverse. Next, we will still focus on the local upward trend of Bitcoin. If the trend is not broken, we will hold the currency and reduce our positions if it falls below the trend.

Ethereum's recent trend is slightly stronger than Bitcoin. Although it closed with a long shadow yesterday, it is actually a good signal, proving that the bears tried to suppress the price of Ethereum, but the bulls finally succeeded in closing it up. It is a signal that the bulls are relatively strong. In addition, the big positive line last week also shows that the market is bullish on Ethereum. The current support of Ethereum is around 2539, and the short-term pressure level is 2800 US dollars. Once it breaks through, Ethereum is expected to further rise to 3000 US dollars or even higher.

If Ethereum's ETFs continue to flow in this week and there is no major negative news, I personally expect that Ethereum will have a good market trend in the future, and altcoins will most likely also usher in a small climax at that time.

Since August, I have started to remind everyone in my articles to buy the dip in batches, but many people are still hesitant. The biggest reason may be that retail investors have seen that some KOLs’ official accounts are no longer updated, the market is not active, some projects have no liquidity, etc. In fact, what everyone sees is just the surface phenomenon. The old does not go and the new does not come. Every time at such a stage, we will doubt whether there are still opportunities to make money in the market. Little do we know that this is exactly what the market makers want to see. Instead, some smart people are quietly making plans.

Judging from the market, many altcoins have actually been rising for a week or two in a row. The K-line is there. Don’t wait until everyone says that the big bull market is coming and the altcoin season comes, then you chase the highs again and the cycle starts again.