At 6:30 AM, Bitcoin broke below 93k, causing many friends to start worrying, fearing that the bull market might be coming to an end. There is no need to worry at all; the trend remains positive, and the inflow into Bitcoin's ETF continues. Besides, we are still in a rate-cutting cycle, not to mention that there is another rate cut scheduled for the 18th of next month. For spot trading now, it's all about selecting high-quality varieties and holding onto them, just two words: don't worry too much.
As for another type of player who primarily takes low positions, don’t be stubborn and act like a short seller; profits are limited and the risk of getting caught is high, which is really unnecessary. Regarding how to select quality and valuable altcoins, remember to like, follow, save, and share. Looking at trends, for example, Doge has Musk promoting it wildly, and the market is speculating, thus continuously bringing in traffic and funds; naturally, Doge rises as well.
Then, observe the project's community and team operations, which can actively create narratives and drive progress. It's similar to what happened recently with Neiro after a certain event, right? Then, it is also necessary to check if there are strong market makers; having these conditions makes it more promising, after all, any project’s speculation relies on traffic and funds.
Continuing today's daily BTC market analysis, from a candlestick perspective, the 1-hour level will enter an upward trend, the 4-hour level is down, the 12-hour level is down, and the daily level is down. The intraday resistance level is 96,600, and the support level is 92,600 USD. #比特币关键区间 #GameFi板块信号 #PCE与美联储纪要公布在即