Last night, the US producer price index (PPI) data for September was released, with the annual growth rate falling to 1.8%. Although it is still higher than the expected 1.6%, the downward trend has led the market to expect that the consumer price index (CPI) will continue to fall, thus increasing bets on the Fed to continue to cut interest rates.
As the Federal Reserve repeatedly looks back but irreversibly embarks on the path of interest rate cuts, the bloodsucking market of the A-share market has temporarily come to an end, and the time for BTC to launch a crypto bull market is getting closer and closer.
Bitcoin price rose as expected, breaking through 63,000
In yesterday’s analysis, we said that the short-term trend is an upward trend. If the 12-hour and daily levels close with a long needle, the market will rise. Sure enough, Bitcoin rose slowly around 60,000, and at night it went in bulldozer mode. After 12 consecutive hourly positive lines, it broke through 63,000 US dollars at 3 am, and then fell back slightly.
Today's market analysis, from the K-line, BTC is in a downward trend at the one-hour level, and in an upward trend at the 4-hour, 12-hour and daily levels. There is a high probability that there will be no market at the weekend and it will be sideways around 60500. The intraday pressure level is 64000 and the support level is 61000.
Bitcoin is consolidating and the market is volatile, why not give me a big surge?
In this halving cycle, although Bitcoin hit its previous high in March, three quarters have passed since 2024. BTC has neither hit the top of the bull market in advance nor collapsed. It has been sideways and stable, and has been more calm than ever before. BTC has experienced a healthy consolidation period. Although this is a tough test for many newcomers who entered the market at the high point in March, it is obvious that BTC has been in the 60-70k range for much longer than the 50-60k range, and this is the result after many terrifying selling pressures and negative tests. This shows the solid fundamentals of BTC at this stage and lays a solid foundation for the next stage of upward breakthrough. Once the market breaks through $80,000, the probability of seeing $60,000 again may be very small.
Don’t know how to choose a coin? At 8 o’clock in the morning, pull out the top 10 stocks with the highest and lowest gains and losses yesterday. Just look at the data and you will understand. Even a novice can do it!
I said yesterday that those who listen to advice will always make money! Another point to understand is that "the car is heavy and difficult to pull". A large number of altcoins have also appeared in the morning star pattern, including but not limited to AVAX, SEI, OP, FET, ORDI, DYM, etc. This means that the overall market rise is coming, and now may be the last chance to get on board.
Finally, here are three altcoins that can be used for long-term investment:
1. Dog head: Neiro
The brightest meme on the exchange right now. Do you remember? When "cabal" neiro was on Binance, most people thought "CTO neiro" was dead. But the real community neiro is what they call "cabal". "CTO" is an elaborate scam! NEIRO will take back the throne, and neiro is the real wealth surge.
Trading techniques: step-by-step rise, each time it will break the previous high and then pull back and rush up again, with heat, abundant liquidity, high volatility, and each time it will continue to rise after a period of sideways fluctuations.
2.banana
The price is over $500, and its price in 200 days is $30-50! One of the projects that can really generate revenue in the currency circle, the official announcement of the reward is purchased from the secondary market, belonging to the TON ecosystem, and a series of negative reactions after the arrest of the founder of TG, but there is no obvious decline with the market, showing an upward trend, breaking through the consolidation range of several months in terms of form, which will be larger than expected.
3. Big time
As the leader of the blockchain gaming sector, the daily bottom is raised, the market value is low, and the technical pattern breaks through the bottom oscillation range. Every time it takes the lead in strengthening the gaming sector, the current trading volume is on a good upward trend.
