In the past two days, everyone's attention should be on the second largest ETH. I have been saying that we should pay more attention to the second largest ETH and its ecosystem as well as some L2 projects. On the 27th, the second largest ETH soared straight up, with an increase of 10%, but at the position of 3700, there may be some locked-in positions after the ETF was approved before, which need to be digested before continuing to go up. However, some popular altcoins in the second largest ETH ecosystem performed very well, such as ens and puffer, which have increased by more than 50% in a single day.
The 27th was a day to clear shorts. There must be people who were impatient to be short sellers when they saw the price of Bitcoin fall back a little. As a result, after it touched the support of 90K, it immediately hit the carbine. The short sellers had no time to react and watched it rise to 97 and then get blown up. I have said before that when the price fell back, it was mainly low and long. No matter whether you are the second or the first, don't think that 100,000 is the top. I have always insisted that there is no top in the bull market and short selling is less.
Let me talk about a few situations that clearly show the trend of the bull market. Don't be stupid and run to be an air force again. Based on past experience, the bull market started six months after the halving of the big cake, that is, this round of bull market was officially launched in October this year. This is just the beginning. On January 20 next year, the King of Understanding will officially take office. In the future, it is very likely that a series of policies that are beneficial to the currency circle will be implemented, that is, the original promise will be actually realized. The entire first half of next year will still be the US interest rate cut, and the big funds will be trillions. The bull market may not end until at least the second half of next year, and it may even last longer. If institutions and big capital continue to promote it, what you should do next is to choose a good track and a good target. Don't worry too much. I was worried that the second one would not work before, but now the second one has stood up, and all those who sang short on him are gone, right? For us small investors, we must believe in the big trend of the market. Only by following the trend can we make money.
Continuing with today's daily $BTC market analysis, from the K-line, the 1-hour level is sideways upward, the 4-hour level is bullish, the 12-hour level rebounds, and the daily level is bearish. The intraday pressure level is 98100 and the support level is 92400 US dollars.
Altcoins are about to rise! 4 cryptocurrencies that could explode 100 times! !
DONE
The ASI Alliance has launched the Earn and Burn program to strengthen the FET token ecosystem. The move comes after a recent merger and aims to increase the utility and value of the token. The program aims to align short-term goals with the long-term development of artificial intelligence (AGI). It also promotes collaboration within the ecosystem by involving innovators in the field.
FET has a circulating supply of 2.44 billion and a maximum supply cap of 2.72 billion. The token’s market cap is currently 3.63 billion and its 24-hour trading volume is 500.85 million. These indicators indicate high market participation and liquidity.
BNB
BNB (BNB/USD) has been moving in a very large trading range since the beginning of 2021. After the 2021 bull run ended, the price drifted downward and fluctuated along the bottom of the range around $200.
Later in 2023, the price began to climb higher and is now trading near the top of the range around $660. After such a long period of sideways consolidation, it is expected that BNB will now break out above the top of the range and enter a price discovery phase.
NEAR
NEAR is very close to a breakout. Puns aside, it certainly looks that way. The falling trendline that stretches all the way back to early 2022 is currently acting as resistance again. However, with the price currently holding above the 0.236 Fib, a breakout might not be far away.
If a breakout occurs, the first target will be to break above the next Fibonacci level at $8.53, but more importantly, $NEAR bulls will need to push the price a little higher and break above the swing high at $9.11. If that happens, the downtrend will be officially broken and it will most likely continue upwards from there.
TON
Toncoin is taking a stake in the $200 billion gaming industry that is driving Web3 adoption. However, many blockchains face limitations such as poor scalability and user complexity, which creates difficulties for developers and players. TON (The Open Network) aims to solve these problems by providing a blockchain platform designed to scale efficiently and simplify the development process.
With a market cap of $16.43 billion and 2.55 billion tokens in circulation, Toncoin is an emerging force in Web3 gaming. Combining scalable blockchain technology with the reach of Telegram, it offers a unique opportunity to reinvent the gaming experience in the Web3 era.
The cryptocurrency world has always been a process of survival of the fittest and elimination of the weak! If you don’t want to be eliminated, you must make changes!
Every penny you earn is the manifestation of your understanding of the world; every penny you lose is caused by your cognitive defects. The greatest fairness in this world is that when a person's wealth is greater than his own cognition, this society will have 100 ways to harvest you! !
Until your cognition and wealth match each other. Waiting for a bull market is the most tiring thing!
But if you wait until then, you will know what it means to have sweet things after bitterness. Don’t leave the market, the hard times are coming to an end, and the violent bull market is coming!
