BTC ETF has maintained continuous inflows recently, with a net inflow of US$366 million yesterday, setting a two-month high. After the Federal Reserve’s interest rate cut, hot money in the entire financial market has gradually flowed into cryptocurrencies.
Yellen's speech yesterday revealed at least two key points. One is that the current US economy is still good and there is a possibility of a soft landing. The second is that although the labor market is currently stable, it is still relatively fragile and the Federal Reserve needs to continue to cut interest rates to prevent the labor market from collapsing.
Both of these messages send relatively friendly signals to the outside world!
Keep paying attention, it continues to improve. For Bitcoin, you just need to hold on to it and don't let go. It is recommended not to touch futures contracts. The market will be very violent in the future, and there will inevitably be a big wash-out and pin-up market. If the contract returns to zero, it will be real zero. It is better to make money slowly and steadily with spot transactions, at least there will be soup to drink.
The rise is not a one-step process. After the trend emerges, it must be a three-step retreat and one-step process. In this process, everyone must have firm beliefs.
After entering October, which is what we call Q4, there will be various new gameplays or new memes coming out, including ai, rwa, depin, etc., which will be sought after by the market again, and everyone should pay attention to them.
The Bitcoin ecosystem is recovering, and concepts such as runes have not been seriously hyped. The dog has risen a lot in the past two days, and the previous chips can be held normally.
BTC has broken above 65,000, which means that the downward channel has been broken. When it is above 75,000, it will be the time when the copycats will run wild!
The cryptocurrency world is a place where there is no shortage of opportunities, because it is always prone to sharp rises and falls. As long as you dare to take action when it plummets, and can hold on to it when it soars, and get out in time when it falls below the trend, you can basically get good results.
In this environment, you must remember not to get carried away and stop profit in time!
At this time, it is actually a more conflicted time. There is profit but not much, market sentiment is gradually becoming Fomo-oriented, and there is also concern about profit-taking during a pullback. Here I want to say that those who were previously trapped should continue to hold on, and those who have made more than 30-50% profit from bottom fishing recently can consider exiting first. Just follow the market and there is no need to worry too much!
I don’t play contracts much, and all discussions do not constitute any opinions on contract transactions.
As for spot, actually, at this time, it is not very meaningful to discuss the rise and fall of spot. What should be discussed is the industry narrative, and finding a potential track or even a dark horse is the key.
Where will Bitcoin go next?
From the daily trend, the 20-day exponential moving average (EMA) continues to rise ($61,863), and the relative strength index (RSI) is also in the buy zone, indicating that the bulls have the upper hand. After stabilizing at $65,000, it is expected to accelerate to $70,000, but the pressure may be strongly defended in the $70,000-$73,777 range.
Why should we cherish this bull market:
Some people say that this round of BTC reaching 100,000 is pretty good, so don’t have any illusions about this field?
My personal opinion is just the opposite. From a comprehensive perspective, this round of currency circle has the foundation for the last wave of dividends suitable for class transition.
Although it seems that there has been no major innovation in this circle as a whole this year, it is obvious that this field has reached a turning point from grasshopper growth to compliance.
The impact of this transformation is often huge. It involves external ETFs, and it is also a stage where everyone needs a major technological innovation to reconstruct the industry.
This power takes time to build, but when it erupts, it is unstoppable.
Cherish it well!
I believe everyone is paying attention to the recent A-shares. A-shares have risen from 2,600 points to 3,000 points. Although various policies have been released, A-shares will definitely get better and better in the future. The market has also seen signals of cathode and yang, and bottom oscillation, which means that 2,600 points of A-shares is most likely the bottom.
But not everyone is making money. Many newbies who followed the trend into the stock market bought stocks based on market news. They bought stocks at 3,000 points before, but when the market fell to 2,600 points, their accounts suffered a loss of 70%-80%.
As a result, the price rose from 2600 to 3000, and he found that his account was still losing 50%-60%.
The Federal Reserve’s interest rate cuts, including GJ’s recent actions, clearly show that the global financial market is gradually recovering. As the cryptocurrency world is a global financial market, there will definitely be big moves in the future.
However, if you still rely on luck, choose currencies based on your feelings, and choose the timing of buying and selling by flipping a coin, you will only miss the great opportunities in the coming years.
(I plan to ambush some low-market-cap coins with good news in the near future to help everyone recover. The current market situation is not stable. I will take 30%-50% in the short term. The next password will be announced soon!!)
