ETH market analysis:

Since 12:00 last night, the market fell by about 2%, and encountered strong resistance when approaching 2500 on the 8th and 9th. From the 4-hour line, the market trend has turned to short.

From the perspective of the daily and weekly lines, ETH is still in a short position. The 4-hour line also shows a downward trend. If the decline cannot be stopped, the short pressure of the daily and weekly lines will continue. To reverse this situation, the price must break through the 2500 mark to end the current downward trend. #ETH🔥🔥🔥🔥

#ftx

The false news of FTX restart caused the price of FTT to break through 3 US dollars, reaching a maximum of 3.43 US dollars, which may have trapped many investors again.

According to the latest news from FTX, creditors of the bankrupt cryptocurrency exchange FTX will receive more than 12 billion US dollars in the coming months under a payment plan approved by the court, which may cause some funds to flow back into digital assets. FTX said that the group has recovered between 14.7 billion and 16.5 billion US dollars, while the total creditor claims are 11.2 billion US dollars. Benjamin Celermajer, co-chief investment officer of Magnet Capital, pointed out that FTX's repayment "is actually providing liquidity for known cryptocurrency traders, which may prompt some funds to flow back to the crypto market, thereby providing price support for the illiquid market." It should be noted that the repayment will not be carried out immediately. FTX needs to set up a trust and hire a company to oversee the fund distribution process.

BTC

The current overall trend is not optimistic. The latest 4-hour and daily closings show signs of accelerated downward movement, and the upward trend line is facing a test. As long as the price does not fall below 59,800, the double bottom pattern is still valid, and the loss of the 61,000 support level has not been fully confirmed. At the same time, an oversold signal has appeared in the 4-hour chart, and a rebound may occur at any time.

It should be pointed out that the 4-hour signal is for reference only, and the real trend judgment should be based on the daily line. Although the short-term momentum has weakened in the past five days, the magnitude is not large. In addition, the golden cross has not yet formed, indicating that the callback trend is still continuing. When the market momentum slows down, you can pay attention to potential trend changes in advance. #BTC☀

Mainstream narratives of this bull market

1. BTC inscriptions: ORDI, SATS, RATS, PIZZA, DOG

2. ETH/SOL Memes: MEW, TURBO, SLERF, MYRO, BOME, WIF, PEPE, NEIRO, FLOKI, BRETT, POPCAT

3. AI narratives: TAO, FET

4. Public chain narratives: Sui, Apt, TON, Saga, Kas, STX, CKB, CFX, etc.

5. L2 narratives: MANTA, METIS, STRK, AEVO

6. Staking projects: ETHFI, PENDLE

It is recommended to avoid non-mainstream narratives as much as possible. After establishing a good framework, gradually look for investment opportunities that suit you.

#BTC☀ #ETH🔥🔥🔥🔥 #质押 #l2

BOME market dynamics:

Since its launch, BOME has experienced a rapid rise, but has continued to fall in the past six months and is currently in a large descending wedge trend. The price is gradually approaching the end and may change at any time.

The upper trend line is suppressed near 0.0075. Only by breaking through this level can a reversal be expected. This is a key point of attention. At present, I have several spot quilts. Considering that the current price is 0.0065U, the price-performance ratio is relatively good, and it is suitable to increase some spot holdings.
#BOME🔥🔥🔥

[Club recommended target: Ethereum Name Service]

Token: ENS
Sector: DID
Current price: 16.78
Target price: 21-25-30
Reasons:
1. Google search has integrated ENS, and users can directly search for .eth domain names and check balances.
2. Vitalik Buterin mentioned ENS many times and praised its technology.
#ens

FLOKI

The current price of FLOKI is 0.000137. You can consider buying it in spot, and the position for covering the position is 0.000135.

The expected increase is about 20%, and the target price is around 0.000160.

From the four-hour chart, SKDJ is close to the low overbought area (about 20) and shows signs of heavy volume.

In addition, SKDJ forms a golden cross resonance with the daily chart, which is very important.
#FLOKIUSDT📈

#BTC☀ #BTC走势预测

According to the current market analysis, Bitcoin hit the 61800 support level twice in the middle of the night. The bottom construction has been basically completed, and the market consolidation is preparing for the subsequent rise. On the hourly chart, the price is firmly above the lower track and is testing the upper track. At the same time, the MACD indicator is about to form a golden cross, and the KDJ indicator also shows signs of golden cross resonance.

On the four-hour chart, the short-selling force is almost exhausted, and the resistance of the middle track needs to be paid attention to in the short term. The Bollinger Bands maintain a low-level oscillation strategy to deal with it. The specific strategy is as follows:

Big cake: 61800-62000 range, looking up to 63500-64500.
Aunt: 2410-2430 range, looking up to 2500.

The following is an analysis of mainstream coins for your reference:

BNB: Excellent performance, strongly following the trend of the market, it is recommended to continue holding.
SOL: The trend is relatively weak, mainly affected by the market.
XRP: In a weak position, it is recommended to wait for the overall rise of the market before considering exiting.
BCH: The trend is mainly related to the market, it is recommended to continue holding.
DOGE: The performance is still weak, obviously affected by the market.
AR: Short-term performance is poor, fluctuating with the market, it is recommended to hold.
UNI: The market is strong, and it is expected to rise after the market stabilizes.
ARB: The short-term trend is still closely related to Ethereum.
OP: Currently callback, there is a chance of rebound after the market stabilizes.

#op走势 #ARB， #UNI📈 #doge⚡

Hot search list: NEIRO popularity rises, 24H down 8.39%

The popularity ranking shows that NEIRO's popularity has dropped by 60,000 compared with yesterday, ranking first. The popularity ranking is as follows:

① NEIRO ($0.06369, -8.39%)
② SUI ($2.01, 3.08%)
③ BGB ($1.06, -0.93%)
④ CVC ($0.1740, -13.22%)
⑤ WIF ($2.47, -6.79%)

NEIRO's main selling power is average, with a net outflow of $7.8198 million in 24 hours and a transaction of $335 million in 24 hours, of which the main net outflow is $2.3084 million.

#NEIRO現貨

#BTC☀

Based on the 4-hour cycle, the current BTC price is around 62600, and the support and resistance are in a state of mutual conversion in the short term. Judging from the trend, there is a possibility of a pullback to the 60200 area.

I think the support of 61800 is weak and it is difficult to play an effective supporting role. The price may have the risk of further decline.

The fluctuation of the 4-hour cycle provides important reference signals for investors, especially when the support and resistance conversion occurs in key areas, which usually indicates changes in market sentiment and capital flows. Therefore, the assessment of the support strength of 61800 should take into account multiple factors, such as trading volume, market expectations and macroeconomic environment.

If the support is insufficient, the price may continue to decline and look for a stronger support area.

#doge⚡

DOGE's early trading contract has been stopped out in the shock. The current price is 0.1068, you can consider entering the market again, with the stop loss set at 0.1058 and the target at 0.112.

According to data from Farside Investor, recent net inflows into U.S. Bitcoin spot ETFs reached $233.8 million, with BlackRock’s IBIT contributing $96.5 million and Fidelity’s FBTC attracting $103.7 million in inflows.

In contrast, there were no flows in the U.S. Ethereum spot ETF yesterday.

The report pointed out that Bitcoin remains the strongest performing asset so far this year. Despite experiencing “significant weakness” in the third quarter, New York Digital Investment Group (NYDIG) noted that Bitcoin’s overall performance in 2024 remains strong. Sales rose just 2.5% in the third quarter, still hurt by a massive sell-off despite a rebound from the second quarter, NYDIG research director Greg Cipolaro said in an Oct. 4 report. #etf以太坊

#sats（SATS）

The daily chart shows a positive line with short upper and lower shadows, with an amplitude of nearly 12%. The trading volume increased by nearly one-third compared with the previous day, but it is still slightly insufficient. The MA30 line is still showing a slight downward trend, and the MACD shows signs of weakening downward momentum below the zero axis.

When the price rises, it encounters the pressure of the MA30 line, which just forms pressure with the middle line of the oscillation range, resulting in a short-term correction trend. Today, driven by the rebound of Bitcoin, it is facing the pressure level of this position again. It is expected that there is still room for further upward rush after the retracement.

The pressure levels at the daily level are 3050, 3400 and 3640
The support levels are 2680, 2520, 2370, 2260 and 1940.

#lever

Follow LEVER, a Bitcoin DeFi project. The project is adjusting its rules, suggesting that it will reshape the economy. The indicator combination is currently at the support level, but it has not yet risen, and $30,000 has been invested.

It is recommended to set the stop loss within 5%. The first pressure level is 0.00198, and the second pressure level is 0.0022.

#avax

At present, AVAX is in a critical trading range, and the support below is an ideal point for building positions in batches. The current price is around $26, and you can consider entering the market. $30 is the cost area of ​​the dealer. It is currently testing the resistance level.

If the resistance level is broken, it will be a good opportunity to increase the position if it falls back to the upper edge of the trading range. Once this resistance is successfully broken, the subsequent price is expected to usher in the possibility of a sharp rise.

[Overview of important overnight developments on October 7]

21:00-7:00 Keywords: BASE, TON, Vitalik, Dencun upgrade

1. The total market value of cryptocurrencies fell to $2.25 trillion;

2. The current locked amount of the BASE network is about $2.28 billion;

3. In the past 24 hours, 3409.50 BTC have flowed out of the exchange wallet;

4. The TON network currently has more than 680 million TONs pledged;

5. IntoTheBlock: After the Dencun upgrade, the Ethereum mainnet fee hit a record low, and ETH turned to inflation;

6. The US Bitcoin spot ETF has a cumulative net inflow of $18.53 billion.

#base #TON生态 #vitalik #dencun

ETH market analysis:

The current price of Ethereum is around 2490, which is consistent with the previous analysis. After breaking through the key pressure level, the price fell back to the neckline without breaking, so continue to hold. From 2300 to 2490, there is more than 180 points of room for growth, and you can choose to leave at any time. But there is no need to rush to take profits, because there is still room for further growth above. Don't try to predict the top, and don't pursue taking profits at the highest point. It is recommended to lock in part of the profit during the retracement, let the profit continue to grow, and leave the rest to the market trend.

From the current market, the daily K line continues to hit new highs, reaching a maximum of 2495, which is very close to the upper EMA15 trend pressure level of 2485. Whether it can break through 2500 is still unclear. MACD shows that the volume is shrinking and the chips are increasing. DIF and DEA are shrinking near the 0 axis. The market is polarized and the current trend is oscillating upward. The middle rail pressure level of the Bollinger Band is 2525, and the lower support level is 2285. The KDJ indicator shows a contraction, and there is a trend of forming a golden cross. If the price breaks through the key pressure level of 2500, it is recommended to continue holding.

The four-hour K-line has just broken through the EMA30 pressure level of 2438. Next, we need to observe whether EMA30 can be stabilized and the next resistance level EMA60 can be hit. MACD continues to increase in volume, the market turnover rate is high, and the trading volume is gradually increasing. DIF and DEA began to spread upward from the bottom of the 0 axis. Although the rising channel is relatively slow, the trend is stable. Therefore, it is recommended that longs continue to hold and consider shorting when the key resistance level is broken. Currently, the main focus is on retracement and longing.

Short-term operation suggestions: Always put safety first. There is no absolute certainty in the market. Stop loss must be set. Small losses and big profits are the goal.

Continue to hold long orders below.

Upper target: Consider short orders at 2600 to 2620 points, and the defense point is set at 2670. If you need to cover short orders, the target is 2400 to 2350. If it breaks, pay attention to 2300 and set the stop loss to 50 points. #ETH🔥🔥🔥🔥

Bitcoin's performance shows signs of a rebound in the market. On October 4, Bitcoin rebounded near the 50-day simple moving average, with prices fluctuating between $60,000 and $62,500, indicating that investors are actively buying at lower prices. Despite the slightly weak performance in early October, market analysts still expect improvement in the coming weeks. In particular, the Federal Reserve may cut interest rates by 25 basis points at its November meeting, which is good news for Bitcoin and the cryptocurrency market and may boost the market's risk appetite.

In addition to the positive news about the macro economy, the holdings of Bitcoin in centralized exchanges are also decreasing. The number of Bitcoins currently held is the lowest since 2018. This reduction in liquidity usually has a positive impact on prices, further boosting the market's recovery.

From a technical perspective, if Bitcoin can currently stabilize above the 20-day moving average, it may quickly rise to $66,500 or even $70,000.

Not only Bitcoin, but other mainstream currencies such as Aptos and Fantom also performed strongly. Aptos recently broke through the technical pattern and is expected to hit the target price of $11 in the short term, while Fantom has a chance to rise further to $0.83 or even $0.93 if it can hold the 20-day moving average support after breaking through $0.55.
Cryptocurrencies such as Dogwifhat and Bitget Token have also shown signs of recovery, and their price patterns and technical indicators point to potential upside.

The current market environment and technical aspects suggest that the cryptocurrency market may usher in a new round of upward cycle, especially driven by factors such as the expectation of the Fed's rate cut and reduced liquidity. $BTC
$APT
$FTM