Bitcoin has strongly broken through the 66,000 mark, setting a dazzling new high in recent times, indicating that the market is about to enter a period of active market cycles. The traditional "golden September and silver October" peak season effect has indeed emerged. At the end of September, the market has quietly started the upward mode. Although there are twists and turns and hesitations in the process, the overall trend is firmly moving towards a new high. Next, the market will focus on the rebound strength at the weekly level. Positive signals and favorable policies around the world will work together to inject a shot of adrenaline into the financial market, making the entire market immersed in an optimistic atmosphere of rising prices, indicating that October is expected to usher in a more brilliant performance.
From the daily chart analysis, Bitcoin is moving steadily upward along the trajectory of the seven-day moving average. Although the pace is steady and cautious, it has clearly demonstrated its determination to break upward. Once it successfully stands at the key position of 66,000, the next milestone, 68,000, will be within reach. It is worth noting that the 30-day moving average has completed a beautiful turn and is ready to cross multiple important moving averages, forming a strong bullish signal. In the callback stage after confirming the new high, we should strengthen our confidence and aim for higher goals. Of course, given that the short-term gains are already considerable, we need to be wary of the risk of false breakthroughs, reasonably control positions, and adopt a prudent investment strategy.
Switching to the four-hour time frame, Bitcoin finally made a clear choice after consolidating around 63: breaking upward. Technical indicators are moving steadily along a clear upward channel, further strengthening the bullish sentiment of the market. At this stage, it may be a wiser choice to hold the currency and wait for it to rise or add positions at the right time, because judging from the current situation, the market is expected to continue to attack higher points in the future.
Buy these cryptocurrencies in 2024 and get 100 times the return!
1.FLOKI
Floki Inu, a unique brand inspired by the nickname of Elon Musk's pet dog, is by no means a frivolous talk for entertainment. It has a grand technological vision and aims to reshape the digital world through a series of innovative initiatives. Among them, the feat of building a dedicated metaverse "Valhalla" and an education platform demonstrates its ambition to deeply integrate virtual and reality and lead the future lifestyle.
Investing in Floki Inu means standing at the intersection of entertainment and real life in the future. This is a gamble on imagination and technological innovation. Its charm lies in its ability to unlock unlimited innovative application possibilities, especially in the emerging field of the metaverse. Floki Inu's project has great potential and is expected to become a key force in shaping the future digital ecosystem.
However, like all frontier explorations, opportunities are often accompanied by unknowns and challenges. Investing in Floki Inu is also accompanied by high risks, and its success is highly dependent on the execution of the project team, market response, and many uncertainties in technological development. Therefore, every investor needs to make careful assessments and rational decisions, and be confident in Floki Inu's vision while also being aware of the risks that may be faced.
2.DOGE
This pioneer of the "meme coin" world has been leading the field of cryptocurrency since its birth. Its influence is so far-reaching that even the technology giant Musk has supported it, which shows its extraordinary charm. Investing in DOGE is undoubtedly an exciting and challenging adventure. Its charm lies in that it is not just a digital currency, but also a unique cultural symbol with a solid community foundation and is widely known.
However, as its reputation goes, DOGE's price trend is like a roller coaster ride, sometimes soaring into the sky, sometimes ups and downs, making it unpredictable. This characteristic brings excitement and opportunities to investors, but it also requires investors to have a strong psychological tolerance to cope with the uncertainty brought about by price fluctuations.
Therefore, investing in DOGE is a double-edged sword. Its advantages are that the community is stable and well-known, providing investors with a unique opportunity to participate; while its disadvantages are that the price fluctuates violently, requiring investors to have a high degree of risk awareness and good mentality management ability. While enjoying the fun and challenges brought by DOGE, investors also need to remain rational and cautious and make wise investment decisions.
3. BABY
PEPE coin, a digital currency derived from the popular online image "Sad Frog" Pepe, has already shown its prominence in 2023 and is now ready to shine on the cryptocurrency stage in 2024. It attracts the public's attention with its unique creativity and freshness, and its fan base is growing day by day, showing vigorous vitality.
However, as a member of the emerging market, PEPE coin also faces huge challenges of market fluctuations. Just like a fledgling warrior, exploring and moving forward in an unknown field, every step is accompanied by risks and opportunities. Its advantage is that the "sad frog" stalk behind it is popular, with a wide range of emotional resonance and fan base, which brings continuous growth momentum and support to PEPE coin.
On the other hand, as a member of the new market, PEPE coin also faces many uncertainties, including changes in regulatory policies, fluctuations in market sentiment, and the rise of competitors. These risk factors make the future trend of PEPE coin full of variables. While enjoying the freshness and fun it brings, investors also need to remain vigilant and do a good job of risk management.
To sum up, the performance of PEPE coin in 2024 is worth looking forward to, but at the same time, investors also need to have sufficient risk awareness and judgment ability to cope with possible market fluctuations and challenges.
4.BONK
BONK, as a creative Shiba Inu-themed memecoin rooted in the Solana blockchain, has successfully attracted widespread attention from the industry through its unique strategy of reconstructing the power distribution pattern in the Solana ecosystem. With community as its core driver, the token clearly targets a broad user base rather than traditional institutional investors or venture capital chasers. In the early days of its launch, BONK took a bold airdrop action and generously gave half of its total supply directly to NFT enthusiasts and active DeFi participants in the Solana ecosystem. This move not only quickly ignited the enthusiasm of the community, but also It has promoted a significant leap in its market value and demonstrated its firm belief and extraordinary charm in putting the community first.
5.OK
Ondo Finance is becoming the focus of the industry with its unique innovative model - the deep integration of traditional finance and blockchain technology. The platform is committed to converting high-quality real-world assets into tradable digital tokens, which greatly broadens the accessibility of financial products, opens up a broader space for the application of blockchain technology, and further consolidates the stability and vitality of the financial system.
In terms of cooperation, Ondo Finance has chosen to work with financial giants such as BlackRock and rely on Coinbase's strong asset custody capabilities to build a solid line of defense for investors' fund security. Its USDY product not only inherits the robust characteristics of stablecoins, but also provides attractive returns based on U.S. Treasury bonds, providing investors with more diversified asset allocation options.
It is worth mentioning that Ondo Finance pays special attention to the needs of non-US investors and aims at compliant financial solutions, which will undoubtedly further stimulate investors' interest and enthusiasm in the context of the gradual recovery of the altcoin market. At present, the Ondo token has shown strong market resilience, with a stable trading price of around $0.7946 and a 5.30% increase in the day. The market sentiment has even reached the greed range (the fear and greed index is 59), indicating investors' optimistic expectations for Ondo.
From a technical perspective, key indicators such as the relative strength index (RSI) and the moving average convergence divergence (MACD) have released positive upward signals, indicating that the upward momentum of Ondo tokens is continuing to strengthen. In addition, its high liquidity and rising spot market trading volume also provide solid support for subsequent price increases.
In summary, Ondo Finance is standing at a starting point ready to go, and the next key target - the 50% retracement point of $0.8392 may just be a small milestone in its glorious journey. With the continuous optimization of the market environment and the increasing confidence of investors, the future of Ondo Finance is undoubtedly full of infinite possibilities.
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Finally, there are still many things that I haven’t written down, such as specific opportunities, specific decisions, and advance ambush of layout. These things are often not summarized in one article. Follow me and I will share more bull market strategies and cutting-edge consultations in the cryptocurrency circle for free. #美联储11月降息预期升温 #美国8月核心PCE创4月以来新高 #加密市场反弹
