Daily market analysis: The hourly chart of the big cake has a continuous lower shadow line, but there is no entity breaking through. The 15-minute bottom divergence, if it effectively breaks through 67938, it means that the decline is over

On October 17, the low point was 66634. In the morning, the pin point falsely broke through the pin point to 66536. The break was recovered. The reversal is not considered. A big pin is needed to bottom out. It is still bullish if it does not fall below October 17. At present, it has touched the support point and started to rebound. The reference for the big cake order is around 66700

Spot sector

After much difficulty, Ethereum took the lead and led a wave of altcoins, but it was beaten down again. The altcoins can’t afford to be tossed around now. If the big and second coin drops a few points, the altcoins will feel like they are going to collapse. The general rise of altcoins must wait until the big and second coin break through the high point. Now, individual currencies are moving independently for a short period of time. The chain oil sector was hot for one day and then fell. The market funds and liquidity are still insufficient!

However, the general bullish trend remains unchanged. Every time there is a decline, people choose currencies that are resistant to declines and rebound quickly, and their positions are eliminated to keep the strong.

Bitcoin is just one step away from the 70,000 mark, and it is expected that the big trend will come this week

BN will hold an event in Dubai at the end of the month, and CZ will also attend. BN's IEO series can be paid special attention to in the near future. Judging from yesterday's rebound, the trend is not bad. The bulls have regained the initiative, and a pullback is an opportunity to make a layout.

In October, the Shanzhai market was very active, and the sector rotation was also very active.

This week, the "Metaverse" sector successfully took over and successfully killed a "dark horse": APE

The price increase of this coin can be said to be a continuation of this year's "violence", with an inhumane rise in price. This is also one of the biggest charms of the currency circle and what everyone is most looking forward to.

As the market enters October, the only thing worth doing is to choose the "dark horse" in the strong sector. This is the only opportunity for ordinary people to overtake on the curve. Don't follow blindly and don't buy blindly. After seven months of washing, you must learn to grasp the big and let go of the small, abandon those opportunities that you don't understand, don't seize those unclear market conditions, and forget the myths of copycats getting rich quickly. It is better to be down-to-earth, find those opportunities that you can understand, are confident of, and have the lowest risk, and enter the market decisively.

Scroll officially opens airdrops, becoming the target of public criticism! Is it still possible to play with coins that are highly controlled by VCs and highly valued?

Ethereum Layer2 Scroll has opened airdrop applications at 3 pm today. This time, 7% of the total supply of SCR tokens (a total of 70 million SCRs) will be distributed. According to Binance's pre-market quotation, the current price of SCR is US$1.397.

SCR airdrop collection time

• Snapshot: The snapshot was completed on October 19, 2024 at 00:00 UTC

• Airdrop collection starts: Eligible recipients can start collecting airdrops from 3:00 pm Taiwan time on October 22, 2024

• How to claim: Please go to the Scroll official website to securely claim the airdrop.

• Claim period: Scroll airdrop will be open for 90 days

Xianxian's personal opinion: SCR's pre-market trading is 1.39 and will be online soon. Its circulating market value is 250 million! The fully diluted market value is 1.318 billion!

The fully diluted market value is relatively high, but the circulating market value is not high. Don’t short it at will, as there are risks.

Historical data shows that Bitcoin will surge by 20% in October. What about November? Will it also surge?

The average increase of Bitcoin in November was as high as 46.8%, and the median increase was as high as 9%. According to the conservative median calculation, if Bitcoin now rises by 9%, it will reach 76,000, which will allow it to break through its historical high and start a bigger rise.

But is that the end? Let’s take a look at more specific details. Among them, Bitcoin soared by more than 400% in November 2013. This minority phenomenon must be excluded.

Then our production this year was reduced by half a year, so the November data of the previous cycles of reduced production by half a year would be more relevant. Then you can see that Bitcoin rose by 43% in 20 years and 5.5% in 16 years.

So no matter which data you look at, there is a very strong consensus on rising prices in November. Looking back at the current October market, more than half of it has passed, and the increase has reached 7.7%.

But you have to know that the average increase in October was as high as 21%, so in the next one or two weeks, Bitcoin actually still has a lot of room to grow. Maybe it won’t even take November, but this month it will break through its historical high and start the explosive pull-up mode. What are you waiting for? Get on board now!