Let’s first look at a few key currencies that need to be paid attention to today:
• $NEIRO $BABYDOGE $TURBO – The Memecoin rally has resumed, led by the newly listed Memecoin on Binance.
• $USDT – As rumors of $USDT delisting persist, with Coinbase set to delist non-MiCA-compliant stablecoins in the EEA by the end of the year, Tether announced that it is building a new solution for the European market.
• $PUPS $ORDI $SATS - memecoin rally begins to spread to Bitcoin. Driven by $PUPS, Bitcoin memecoins (Ordinals, Runes) are beginning to gain popularity again.
• $FB - Fractal Bitcoin released their roadmap for Q4 2024. They plan to launch rune activation, CAT20 identification and transfer, and launch the CAT20 marketplace in October.
Market analysis:
BTC market analysis: The current price is 63,100. It showed a clear upward trend from October 4 to October 7, especially on October 4, when a long positive line was formed, and it continued to rise in the following days. Between October 6 and October 7, the K-line showed a continuous small rise, indicating that the market sentiment was relatively optimistic.
MACD: The MACD histogram gradually shortens and turns positive, and the DIF line crosses the DEA line, showing signs of increasing bullish momentum.
RSI: The RSI is currently around 65, close to the overbought zone, but has not yet entered the extreme area, indicating that there is still some room for upward movement.
EMA: The current price is above EMA(7), EMA(30) and EMA(120), and the EMA moving averages are in a bullish arrangement, supporting a continued upward trend.
After the 4th, the trading volume increased significantly, and the price rose sharply, showing strong buying power.
The trading volume declined in the following days, but remained at a relatively high level overall, supporting the steady upward trend of prices.
The important focus point below is the support range of 62500-61800, which is also the position where we enter the long position. One of these two positions is close to the previous low point and is an integer level, where it is easy to generate buying orders. On the other hand, the support position below is EMA30, which is a stronger support position.
Pay attention to the resistance position of 65000-65500. If you can get more than the previous one, this range is the first selling position.
ps: The strategy is time-effective
Spot Mark:
Brothers, someone just asked about this Avive. Let’s take a quick look here. It has been fluctuating and accumulating since the 4th. The current price is $0.0024
The skdj at the four-hour level is already an entry trend, and the skdj at the daily level has entered the overbought area, forming a resonance with the previous four-hour level. As mentioned earlier, this indicator is exactly the same as pepe before it rose, including the shape of macd. It can't be said to be exactly the same, but basically 80% to 90% similar.
Another important common point is that the market moves sideways and then goes down to absorb the stock. At this position, the brother who just asked me can enter the market directly. He can enter 10,000 U and use a 10% stop loss, which is 1,000 U to bet on a 60% increase. This profit and loss ratio is directly maximized.
CAT
The current price of cat is 0.000031. We have seen a rapid increase of 60% before. Who would have thought that it would be so fierce now? At that time, our main focus was still on folki, which is a bit far away. Let's take a look at the market.
The lows at the four-hour level are getting higher and higher, and the upward trend is obvious. The daily level is also in the key chip gathering range. There is at least 20% space above this position.
Market Review:
TURBO
It has tripled, brothers. The spot market has also increased by 20%. I have already stopped profit twice since early in the morning. Now there is only a bottom position left. Our focus is still on the spot. There were two spots that entered the market yesterday, and both of them had a 20% increase.
The sats marked with our VIP has been turned over. I have been prompted to take a break and reduce my position. I have already paid out the principal and left the profit to bet on our target position. It is also one of my name tags. Brothers outside have also reduced their positions appropriately. #sats
