After Bitcoin ended its correction in September, it has now entered a period of high-level shock adjustment. There are many factors that affect the market, which may change every day, such as the situation in the Middle East, the trend of A-shares, or the views of senior Fed officials, but these will not change the general trend.

A real breakthrough for Bitcoin requires an opportunity, such as a continued large-scale interest rate cut in November or Trump's victory in the US election. Without these catalysts, the market will still be dominated by adjustments. However, we are still confident about the market outlook for November and December.

Hold on to your stocks, be patient and you will see the rewards.

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Next quote:

1. If this round of BTC stands firm at MA120, it will usher in a major uptrend, which will last for about 3-6 months. If it coincides with the rapid interest rate cut by the United States, then the right time, place and people will be in place.

2. But it may not be the kind of big bull that will increase everything. It will only be possible if there are new things and new technological innovations to keep up.

But anyway, I didn’t see anything new this time, only a few memes, which seemed to have some money-making effects recently, but they had already attracted a lot without being widely disseminated.

If everyone is just speculating on memes, then the market will most likely not last too long.

3. Whether it is the U.S. stock market, the Hong Kong stock market, or the A-share market, they were all driven by the expectation of this wave of interest rate cuts. There will also be a transmission effect behind it. If they all enter a large-scale and long-term adjustment, it may be difficult for Circle B to not follow for a long time.

Therefore, we still need to pay attention to risks in the second half. There are too many uncertainties in the altcoin market, and the only thing we can believe in in the long run is BTC.

4. You still need to save more cash as the market goes up. The current employment environment is still relatively severe, and this may last for a long time.

Only by holding a certain short position, waiting for opportunities, and having surplus food in hand when the time comes, can you survive in the long run.

We should still have to wait for the release of CPI data at 8:30 tomorrow night for any major changes. Based on past experience, the period before and after the release of the U.S. CPI data is often an important window for changes in the market. So before the data is released, maintain a volatile mindset and buy low and sell high!

There is not much room for Bitcoin to operate at the moment. Pay attention to the 61,800 support on the downside. If it falls below, it may continue to test the effectiveness of the 60,000 support. Pay attention to the breakthrough of 62,500 today, and the second is yesterday’s high of 63,200. Overall, there is no trend, and we can only continue to wait patiently for the direction to emerge!

Big fluctuations are coming, and there are several big events tomorrow (Thursday):


At 2 a.m., the Federal Reserve released the minutes of its monetary policy meeting.

At 8:30 pm, the US September unadjusted CPI annual rate and September seasonally adjusted CPI monthly rate

Watch out for short-term price fluctuations

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Two major events that can affect the cryptocurrency market, one good and one bad:

The news of FTX's $16 billion compensation is exciting. Previously, it was rumored that it would be paid in cash, but now the creditor representative also suggested that it should be paid in kind, which will undoubtedly form a strong buying force. When FTX collapsed, it was these coins that caused the market to plummet. If it is paid in kind, all creditors will automatically buy to boost the market, which is definitely a big positive.

In addition, the US Supreme Court refused to hear the case regarding the ownership of the Bitcoins seized by Silk Road, which was interpreted as the government's full control of these seized Bitcoins, meaning that 69,370 Bitcoins can be sold freely. Although this is not all of the 200,000 Bitcoins in the hands of the US government, it still has an important impact on the market. Think about the impact on the price of the currency when the German government shipped it a few months ago, which may also bring certain negative effects.

In the election, Trump's chances of winning have risen to 53.4%. Musk supported Trump on the platform and mentioned that if Trump came to power, the details of the Harris and Lolita Island incidents might be revealed, which is unacceptable to many companies. Musk said that if Trump lost the election, his X platform would face bankruptcy. Therefore, Trump's chances of winning are greater at present, which is also more favorable to the currency market.

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Don't doubt it, the bull market in the cryptocurrency world will definitely come.

It is likely to be a slow rise rather than a sharp surge, mainly driven by the global monetary easing. In the short term, market concerns about the return of inflation are very obvious, and the latest employment data shows that the number of new jobs has soared from 140,000 to 250,000, which is really shocking.

However, those who know the matter understand that this may be beautified data for the sake of votes.

However, such a high employment figure makes Thursday's inflation data particularly important regardless.

According to the latest data, the previous value of CPI was 2.5%, while market expectations have dropped to 2.3%, showing that market sentiment is relatively optimistic.

At the same time, the previous value of core CPI remained at 3.2%, and market expectations remained unchanged, indicating that the market did not show obvious panic about this data.

Therefore, I personally believe that there is a high probability that the CPI will decline this time, creating a favorable situation.
Considering that this is the last inflation data before the election, some may interpret the data positively in order to boost market confidence.

In terms of market conditions, the market is still volatile, with no obvious rise or fall. In terms of copycats, except for memes, other performances are also average. Simply put, in the current copycat market, if you don’t play with memes, you really have nothing to play with. In short, it is still the world of memes, and it will take some time before we are familiar with the copycat bull market. Memes are only suitable for a few people to gamble, and the risks are extremely high. Those who are not good at memes should wait for the big market in the future!

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After all the hype about Satoshi Nakamoto, the November election is approaching, and the political narrative seems to be quietly approaching. Musk changed his profile, and PAC skyrocketed overnight. This article will take you to review the Memecoin related to the political narrative and ambush the hot targets in advance.

PAC

PAC in the United States refers to a Political Action Committee, which pools campaign contributions from members and donates funds to campaigns supporting or opposing candidates, ballot initiatives, or legislation. PACs are usually composed of individuals who want to raise funds privately for political campaigns to represent business, labor, or ideological interests. The PAC that Elon Musk changed his profile on Twitter and attached a website is a Super PAC with no donation limit. It was established in May 2024 to support Donald Trump. Musk claimed in an interview on July 22 that the purpose of creating America PAC was to support "Make America Great Again" in the future.

PAC was created on July 22. After being silent for 3 months, it skyrocketed to 20M overnight as Musk changed his Twitter profile. Currently, it has fallen back to 13.3M FDV, with 4056 holder addresses on the chain.

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Official Twitter: https://x.com/americapaconeth

SLEEP (Trump)

A token named after former US President Trump and his campaign slogan "Make America Great Again" (MAGA). The project creator once gave Trump 580,000 tokens. Trump has now established a large community and is the largest Trump-themed Memecoin by market value, with a cumulative donation of $1.89 million. After Trump was assassinated, the price of TRUMP soared in a short period of time.

MAGA (Trump) was created on August 11, 2023, and reached an all-time high of 17.66 U on June 1, 2024. The current FDV is 228.7 M, the price is 4.97 U, there are 37,960 holder addresses on the chain, and the top 10 holdings account for about 30%.

Official Twitter: https://x.com/MAGAMemecoin

YOU (YOURSELF Six)

MAGA Hat is Trump’s red hat. As a Memecoin that is also influenced by the slogan “Make America Great Again”, its communication properties are relatively stronger and more Meme-like.

MAGA (Trump) was created on August 11, 2023, with a current FDV of 70.5 M and a price of 0.0001706 U. There are 21,776 holder addresses on the chain, and the top 10 holdings account for about 36%. The top chips are concentrated in Gate.

Official Twitter: https://x.com/MagaCoinX

FIGHT

The FIGHT token was created on the day Trump was attacked. It originated from Trump greeting the crowd at the scene after the assassination and shouting "FIGHT". Subsequently, contracts such as FIGHT, EAR, and FEARNOT appeared on ETH and Solana. Among them, FIGHT and EAR performed outstandingly, with an increase of more than 100 times. As the heat of the incident faded, the related tokens almost returned to zero, and FIGHT performed relatively well.

FIGHT was created on July 14, 2024, with a current FDV of 10.6 M and a price of 0.01078 U. There are 8365 holder addresses on the chain, and the top 10 holdings account for approximately 46%.

Official Twitter: https://x.com/Fight2Maga

PEOPLE

The PEOPLE token is derived from the concept of decentralized autonomy, and its emergence is related to ConstitutionDAO. PEOPLE conducted a social experiment, using crowdfunding to purchase the last publicly auctioned copy of the U.S. Constitution at Sotheby's auction, in order to achieve the goal of "common ownership", a symbol of human rights and the spirit of decentralization. The core of PEOPLE has a left-wing color and a certain Meme attribute. With the concept of human rights and decentralization, PEOPLE has gained a large number of supporters and funds. Binance announced the launch of PEOPLE's spot trading pairs in May.

PEOPLE Current FDV 385.9 M, price 0.07618 U.

BURGER

The BURGER token comes from the first time Trump used Bitcoin to buy a hamburger, which some people believe is similar to the first time he bought a pizza, a huge event.

BURGER’s current FDV is 3.2 M, with 3658 holder addresses on the chain, and the top 10 holdings account for approximately 16%.

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Official Twitter: https://x.com/BTCCryptoBurger

TREMP

TREMP (Doland Tremp) is inspired by Trump’s Memecoin and is deployed on the Solana chain. It is a funny Memecoin that deliberately misspells Trump’s name.

TREMP currently has a FDV of 37.3 M and 34,221 holder addresses on the chain.

Official Twitter: https://x.com/dolandtremp_sol

VP YOURSELF

MAGA VP aims to support Trump's election as vice president. One million MVPs were airdropped into Trump's wallet as a show of support for the MAGA spirit.

MAGA VP currently has a FDV of 2.3 M and 2015 holder addresses on the chain.

Official Twitter: https://x.com/magaVPcoin

other

  • Super Trump (STRUMP): A Memecoin that combines Trump’s image with the theme of a superhero, with a current FDV of 549 K and 1910 on-chain holder addresses.

  • Saveamerica: Trump's book.

  • USA: Memecoin with Declaration of Independence attributes.

  • HARRIS: Harris Memecoin, current FDV 5 M, number of on-chain holder addresses 4889.

  • KAMA: Harris Memecoin, current FDV 8.9 M, number of on-chain holder addresses 10616.