Market analysis: BTC four-hour market analysis

The downtrend line at the top of 1.66000 has been broken, and the uptrend line at the bottom of 59800 has been broken!

2. Whether this section of the rising trend line is a correction of the falling trend line still needs to be verified! (If it stabilizes at 64,000, this wave of decline will end. If it falls below 61,800, it will fall back to the bottom of 59,800 for the second time, hoping to get secondary support.)

The macro level is still in a high-level oscillation structure. This structure has been very large. From March to now, it has been adjusted for nearly 7 months. The chips have been fully exchanged. As long as the demand intervenes in the future market, the possibility of currency price rise will be very high. Spot positions can continue to be held. The key position pressure level above is still around 64,000-65,000. Only by breaking through this position can there be a possibility of strength.

ETH linkage, weak linkage, the bottom of the exchange rate has not been measured, and further bottoming trend is still needed.

Circle B has been fluctuating and correcting for 6 months. At present, most currencies are at low levels, the prices of valuable currencies are far underestimated, and high-quality altcoin positions have begun to rise generally. This round of altcoin bull market has quietly arrived.

The fan token sector has undoubtedly become the focus recently, among which OG is the most eye-catching

The market price has increased 7 times in 2 weeks. There are usually two situations for the surge of Fan Coin:

When the market is sluggish, a sudden pull-up can activate liquidity and bring vitality.

After one round of market trend ends, a new wave of decline will follow.

Which case do you think the rise of OG, Santos, Porto and Lazio is? I tend to believe the first case, because the doomsday market often fades away quickly, and those forgotten old public chains can only rise slightly, usually not more than 20%.

However, this time the increase was significant, and no one seemed to take over, giving people a feeling of quiet action. Perhaps this is paving the way for the next market.

In a bull market, sector rotation is very obvious. After one concept rises, the next concept rises! In short, the big bull market is composed of a main hotspot narrative + multiple rotating small hotspots. So how to hold this rhythm of the market?

This stage may be the initial stage starting with BTC+meme rotation. How you grasp the rotation rhythm and whether you can grasp it will determine your gains in this bull market!

1. For the main track targets, when they are undervalued, allocate in advance! Wait for the outbreak to enter the overvalued range and then start selling in batches, which is a clean and tidy transaction of one buy and one sell.

2. For sudden hot spots, we should look at the abnormal movement of the main funds and the continuity of the hot narrative to decide whether to take action! The abnormal movement of the main funds generally depends on whether K has a bottom volume. If the bottom has been trading for a long time, and then suddenly the volume increases and the decline is very strong, it may become a short-term hot spot.

PEPE and Neiro, as the leaders of this trend, have become the focus of the market.

Unless there are new Meme coins listed on Binance to divert traffic, no one is willing to give up their chips easily.

After the market reshuffle from 2023 to 2024, the market's choice is clear: the leading currency in this bull market is Meme Coin. Whether in terms of trading volume, growth rate, resistance to decline, or performance when new coins are listed, Meme Coin is undoubtedly the "top stream" in this round of the market.

The focus of market attention remains on the MEME sector.

🧊 $TREES

The market value is the lowest, but the potential is huge! The K-line trend is volatile, and it is one of the "low market value dark horses" in the market!

At present, it is in the stage of continuous shock decline, wash-out and accumulation of funds. I think BOME has a great chance to replicate PEPE's feat of ten times in a week, because the chips are relatively dispersed and well-known!

SOL is a great meme coin on the chain, but the car is too heavy and needs to be washed again, but it also prevents bottom-fishing

🧊 $BABY

There is no need to say more about this. From the bottom 6 zeros to the highest 4 zeros, it is already close to 100 times. Now it is 5 zeros, so you can still buy at the bottom. Don’t think that you won’t buy it if it is too high. The higher it is, the more afraid you are, and the more it will rise!

PEPE has gained popularity recently, partly due to community support and some new capital inflows. If you like speculative coins, PEPE is worth considering.

🧊 $PEOPLE

PEOPLE, the unique American election/political themed "meme coin", has been proudly listed on a first-tier centralized exchange!

With American blood and capital support, PEOPLE is centered on the United States, bringing together the wisdom of American founders and the strong support of American capital. It is ready to go!

The top exchange currencies, the eye-catching market performance is closely linked to the upcoming US election, PEOPLE showed surprising relative strength during the election debate.

🧊 $BABYDOGE

Babydoge is a meme on the BSC chain that is supported by Bn. It can be said without any disguise that Binance is the banker. But please believe that capital is profit-seeking. Although Babydoge may rise faster in the later period, if you look at the original trend chart, you will understand that the puppy has been gone for two years. With such a large locked-in plate above, do you think it will go straight up, carry the sedan chair for those on the top of the mountain, or sell the goods and run away? It is impossible. It will take at least some time.

However, it can be seen that those who bought the bottom of the on-chain transactions must have become rich again. After all, the one on the BSC chain is Binance’s own son, MEME.