Come! Prediction of the current market trend caused by Bitcoin! ! ! A more subjective idea is to withdraw in the fourth quarter of 2024 As for the specific price, we can only look at it step by step. Based on my feeling, Bitcoin is worth 120,000+ and Ethereum is worth 6,000-7,000.
Haha, be brave and control your positions well!
The above are personal opinions and are for reference only
Pancake briefly broke through the all-time high of 69,000 US dollars on March 5, but in the blink of an eye, it was smashed down before it could stand firm. The deepest retracement fell to 59,000, which is close to 15%.
However, the sharpest drop occurred at 4 a.m., when most people were sleeping and didn’t watch it. When they woke up, it rose back to 66,000+.
Regarding the selling point, based on previous historical rules, 2026 is the year of correction, and shipments are planned to be in 2025. But the current growth rate makes people feel that the entire rhythm is ahead of schedule, and there may be a major correction before 2026. Therefore, it is recommended to plan to get off the market in batches in the second half of 2024 or the first half of 2025.
(Continuously updated! The above are personal opinions (˵¯͒〰¯͒˵) for reference only)
$ARK ARK is currently priced at 0.496. Enter the market with a small position. The short-term target is 0.58. If it falls below 0.48, stop loss. Try to win big with a small investment!
$BOME After the wedge channel of BOME daily level broke through, it finally stepped back
The rebound after the step back is not very strong. At present, it is also necessary to combine the trend of the market and wait for the market to stabilize and a strong wave of rising waves will appear!
This price range is a good time to enter the spot market
Now enter the first position near 0.00628-0.00625, and cover the position at the new low!
The short-term pressure of this rebound is 0.0082, and the position of 0.012 needs to be paid attention to above
The data has been released. US stock futures performed well before the data came out, and they performed even better after the data came out.
Three important data are unemployment rate, employment and wages.
I thought the unemployment rate would maintain balance, employment would decline, and wages would decline, which was a 55-50 result. I didn't expect the data to make me have to praise the US Bureau of Labor Statistics.
Generally speaking, the unemployment rate has dropped to 4.1%, which is the biggest positive, indicating that the probability of economic recession is being eliminated.
Then there is the number of employed people, which has directly risen from the expected 140,000 to 254,000, a true economic "bull market", and the annualized wages have exceeded expectations, rising to 4%, and the monthly rate remains the same as last month.
At first glance, all aspects are positive sentiment. The only thing that may disappoint some investors is that the probability of a 25 basis point interest rate cut in November has increased significantly, and the possibility of 50 is almost non-existent. Everything else is good.
The review of the current round of the cryptocurrency market trend is as follows:
In the 21st year, the bull market officially ended on April 14, and then it was in the bull tail market until November 10. The bear market officially began after November 10.
In 22nd year, it fell for a whole year. At the end of the year, on November 9, FTX crashed and BTC fell to the lowest point of around 15,500.
It officially started to rise on January 1, 23, and after the Silicon Valley Bank crash, it completed a wave of the market on April 14 before the Hong Kong Carnival.
After that, it began to fluctuate greatly. On August 17, a certain security incident hit the bottom and fluctuated until September 13, when it fell again.
At the same time, another round of market started until March 12, 24, when the second wave of the market was completed.
It began to fluctuate greatly on March 12, 24, until now, August 31.
Looking at the 5 peaks of BTC, the multiple strong rebounds did not continue the daily trend. It is certain that the market has not collapsed 100%, and the big dealers are buying and not leaving the market.
The overall trend touched the strong support range at the daily level, and then began to rebound
It has now broken through the downward trend line at the daily level, and the subsequent bullish trend is smoother
When it was around 00755 in the middle of the month, it was more appropriate to enter the market for long positions. Now the price has risen by more than 60%, not far from doubling
However, if you did not buy in the middle of the month, it is not appropriate to chase the rise at present. It is still quite strong at present. You can wait and see if there is a chance to step back and get on the train. Keep paying attention
Remember, every time it falls, meme will be one of your must-haves for spot configuration!
ETH's short-term rise was blocked near 2700, and it is currently running back to around 2620. If it can no longer be supported by the current price range, it is very likely to fall and test the support range of 2580!
Pay attention to the range support of 2580. After the previous retracement, it rose strongly to 2700. If it falls back to this range again and can form support again, it will rise strongly to 2800!
1. Polymarket is raising a new round of $50 million. According to this round of financing information, if Polymarket continues its issuance plan, investors in the proposed financing round will receive warrants to purchase tokens.
2. COW, WELL, CATI - Coinbase announced the listing of COW and WELL. COW and WELL are scheduled to start trading on September 24. CATI will start on September 26.
3. TIA - Celestia announced that it has raised $100 million, led by Bain Capital Crypto, and other investors include Syncracy Capital, 1kx, Robot Ventures, Placeholder, etc.
4. NEIRO, SUNDOG - CTO and Sundog announced a partnership. They will announce more details at X Space on Thursday, and the specific time is yet to be determined.
5. ONDO, MKR - Ondo Finance announced that it has submitted an OUSG application to Sky Ecosystem in partnership with BlackRock and Securitize. The application means that they have submitted the Spark Tokenization Grand Prix, and the selected onboarding partners will receive liquidity worth up to $1 billion.
6. CHZ - Chiliz CEO Alexandre Dreyfus said: "The PepperChain $PEPPER team is working with major global exchanges to reward its CHZ token holders with airdrops."
7. EIGEN - The Eigen Foundation announced that the transfer restrictions on EIGEN tokens are expected to be lifted on September 30. EIGEN tokens are expected to be listed next week. ALT, ETHFI, REZ, LDO
8. BNX - The proposal to rename BinaryX to "Four" has been passed. The total supply of $BNX will remain unchanged and the stock code will be changed to FOUR.
9. GRASS - The countdown to the deadline for the first phase of rewards has been announced on the Grass Rewards page. The deadline is 7 days, and airdrop collection is expected to start soon.
The altcoins that can be paid attention to recently:
1. ONDO, with investment from Coinbase, Wall Street and BlackRock, is a leader in the RWA field
2. WIF, the king of dog coins
3. PENDLE, an interest rate swap tool, has a TVL of more than 4 billion US dollars, and its market value is still low. It is expected to break through 10 US dollars
4. TON, created by Telegram founder Pavel Durov, has a huge user base
5. FET, the leader of the AI sector
6. TIA, the leader of modularization, with strong fundamentals
7. LPT, with low market value, good fundamentals, and strong investment institutions behind it
8. PYTH, the leader of the second-generation oracle, has a strong increase
9. SOL, the ecology is second only to ETH. Large funds see it as a fixed investment like ETH. It is not a problem to see 500 in the bull market
10. ORDI, the leader of the inscription sector, is now a good opportunity to buy at the bottom
This morning, the Federal Reserve announced a 50 basis point rate cut, and the price fluctuation of Bitcoin was not as large as expected.
The short-term highest rise was around 62,500, and yesterday's long and short orders were not given a chance to be received!
In terms of trend: From the four-hour chart of Bitcoin, the upper short-term pressure range has just been broken, but let's see if it can stand firmly above this range. If it stands firmly, there will be further adjustment and rise.
If the test fails to stand firm, it will continue to fall. Combined with the market situation, you can choose to step back to take long orders and complete the second strong rise of the breakout plate stepping back!
Intraday operation suggestions: Take long orders near 61,400, target near 64,500-64,800, and stop loss to fall below 60,600!
From the beginning of the year to date, the best performer is not MEME, not BTC, and not AI, but RWA.
Even if the time is extended to 1 year, RWA still leads other sectors with a market value increase of 1373%
So, let's take a look at the basic information of some tokens in RWA
1. Ondo ($ONDO)
The tokenization leader supported by BlackRock, the core narrative is to integrate traditional finance into on-chain finance
This means that ONDO has the ability to import traditional liquidity and is expected to invest in traditional finance by using cryptocurrencies as collateral.
2. Mantra ($OM)
L1 blockchain in the RWA track cooperates with Dubai's MAG Group to deepen its efforts in real estate tokenization.
3. Pendle ($PENDLE)
Tokenized income platform, but recently the Penpie protocol in the Pendle ecosystem suffered a security vulnerability attack, resulting in a loss of about $27 million in funds and protecting about $105 million in assets
The attacker exploited a reentrancy vulnerability in Penpie's smart contract to fraudulently withdraw rewards by creating a fake market.
4. Quant ($QNT)
RWA infrastructure for connecting traditional finance and the crypto world.
Recently, Quant (QNT) has made important progress:
Quant launched the Overledger 2.0.5 update to improve multi-chain interoperability and support the production and testing of more than 25 ERC20 assets and multiple ERC721 assets
Overledger 2.0.5 introduces a new payment API that allows users to trade and settle between different digital asset types.
Tonight's key US CPI data, five stars for important indexes!!!
At the critical moment of whether the Federal Reserve will cut interest rates, the data at this time is particularly important
Most people have said that the probability of a rate cut this month is very high, and they are even discussing whether to cut interest rates by 25 basis points or 50 basis points, rather than whether there will be a rate cut!
After the data comes out, the big cake is expected to have a relatively large fluctuation, so be ready to place orders!