The market is volatile. When will Bitcoin break through new highs?
The current market analysis needs to start from the daily rise from 52510 to 66450. It is currently in a correction after the daily rise.
From the perspective of technical analysis, the first wave of callback did not reach the 50%-61.8% range, indicating two signals. The first is that the rhythm trend at the daily level is strong, and the second is that there is not enough room for callback here.
Therefore, from the perspective of exchanging time for space, the probability of effectively breaking through 66450 in a short period of time is low, and it is likely to go to the second 4h interval band
To sum up, in pursuit of a certain mid-term trend, either wait for the cost-effective range of 57835-59480, or wait for the right signal after the second 4h interval band.
The big market is coming, and there are several major events worth paying attention to tomorrow (Thursday):
At 2 a.m., the Federal Reserve will release the minutes of its monetary policy meeting. At 8:30 p.m., the U.S. September unadjusted CPI annual rate and September seasonally adjusted CPI monthly rate will be released.
The market may experience drastic fluctuations in the short term, so be sure to pay close attention to price changes and prepare response strategies.
Several core themes of the bull market include:
1. The inscription themes on the second layer of the pancake, such as ORDI, SATS, RATS, PIZZA, DOG, etc.;
2. Meme themes on Ethereum and SOL, including MEW, TURBO, SLERF, MYRO, BOME., WIF, PEPE, NEIRO, FLOKI, etc.;
3. AI narrative themes, such as TAO and FET;
4. Public chain narrative topics, including Sui, Apt, TON, STX, CKB., CFX, etc.
5. L2 narrative themes, including MANTA, METIS, STRK, AEVO
6. Staking topics, such as ETHFI and PENDLE.
Memecoin outperforms everything in the first half of 2024, and is far ahead of meme
Current market: meme still dominates, public chain second, BNB is still strong, vc coin is still a pile of shit, the transaction volume of meme on the chain has exceeded the secondary market, I don’t know how long this trend will last, the big A on the chain is sucking blood in both directions, the secondary market is really difficult at present, to do transactions, you must learn to go with the trend, learn more and watch more
The market fluctuates greatly, so leave when you make a profit and don’t chase high prices.
$NEURO
The most eye-catching memecoin on the exchange. $NEIRO had a pullback this morning, but the volume of the decline was not large compared to the previous rise, and the decline volume gradually decreased, which shows that the selling volume is effective, mainly retail investors taking profits, rather than the main force selling. Therefore, $NEIRO is unlikely to fall below the support level of 0.00157, and it is estimated that it will continue to rise after a period of sideways fluctuations. Moreover, the trend of $NEIRO is very healthy, and there should be a lot of room for growth.
$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 people 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.
