From the analysis of the short-term market rhythm of Bitcoin, its operating channel is opening downwards, which creates a trend for the price to test the bottom and free up space.
However, the price drop has already been halted, and there are also signs of recovering some of the previous losses.
From the perspective of trading volume, the bearish volume is decreasing, and the moving averages, after consistently trending downward, have now begun to turn upward. All of this indicates that the price of Bitcoin is warming up.
In the current four-hour timeframe, the price of Bitcoin has not risen significantly before dropping again, and it is now testing the low support levels.
At this time, the operating channel has also narrowed, with frequent conversions of long and short volumes, and the market's oscillation range has become smaller. Moreover, in the shorter cycles, this oscillation state has not changed; the short-term market is first fluctuating downward and then recovering slightly, with no continuation of the downward price trend.
Based on this market situation, the upcoming operational strategy mainly focuses on buying low, which means going long when the price is low.
For Bitcoin, if you go long directly, from a swing trading perspective, the target price can be seen at 91,000.
👇👇 Token Situation Overview DYDX It is the token of a decentralized derivatives exchange, currently attempting to break through the Vegas channel. If it can break through steadily, it might usher in a wave of bullish momentum. In this round of the bull market, it hasn't shown outstanding performance yet, but it has significant potential for future increases.
Neiro Currently, it is consolidating within a bottom range, with prices oscillating and no obvious breakout signals yet.
Pyth: The accumulation situation is quite good, and it is a decent choice within the Solana ecosystem, with potential developmental advantages.
Pendle: A token belonging to the Ethereum series, it has performed strongly in this round and is a token controlled by strong market makers, with considerable growth potential.
Render: Currently, it has a low risk-reward ratio, which means the relative risk is higher. Bome: It may take longer to consolidate, but the potential for future increases is still quite promising.
Myro: It is approaching the daily Vegas channel, and once it breaks through this area, it may initiate an upward trend. Turbo: The overall condition is quite good and can be considered a potential investment target. #牛回速归,晒晒你的持仓? #DOGE看涨情绪飙升 #比特币搜索热度攀升
Will Pepe Frog PEPE set a new historical high in this bull market?!
As a mainstream meme coin, Pepe (PEPE) has recently seen a strong price increase, reflecting an overall rebound in the cryptocurrency market. Its price growth demonstrates an increasing bullish sentiment among investors, who are confident in its further rise. Analysts believe that, in the generally optimistic outlook for the cryptocurrency market, altcoins will continue to maintain their growth momentum, with Pepe aiming for a potential increase of 30%.
Pepe Coin's price is expected to rise significantly, with hopes of reaching a 30% increase. Cryptocurrency analysts predict that it may soon experience substantial gains, with bullish prospects suggesting an increase of up to 30%. This meme coin seems poised to enter unknown price ranges. From market trends and indicators, Pepe Coin is preparing to break through previous resistance levels, likely demonstrating a strong upward trend. Many investors are closely monitoring it, anticipating a standout performance in the cryptocurrency sector. As enthusiasm in the cryptocurrency community continues to grow, we will see in the coming weeks whether Pepe Coin's bullish trend can be sustained.
New Coins ACT and PNUT and Meme Coin Market Performance
(1) ACT Situation Track and Background: ACT belongs to the new AI Meme track and has a certain authenticity, as a16z has previously donated to 2 AI Meme projects, namely GOAT and ACT. However, ACT has previously experienced a developer running away. As the first project in the AI Meme field to be listed on major exchanges, it has rarity. Valuation Analysis: From a valuation perspective, its upper limit is likely to exceed NEIRO, at least reaching a baseline of $2 billion. Compared to other projects in the same track, IO is valued at $2 billion, RENDER at $3 billion, and FET at $4 billion.
The craze for altcoins has fully begun, and the market share of BTC has declined. 👇👇👇 Institutions are buying BTC while retail investors are flocking into the altcoin market.
To evaluate altcoins, one can consider the following aspects:
1. Team Factors The strength of the team is crucial; this is the primary core. Just like Doge, Elon Musk, as a strong supporter, is the key driving force behind its price increase.
2. Project Situation Pay attention to whether the project team is proactive, whether they have outstanding storytelling ability, strong narrative skills, and marketing capabilities, while also noting the community development status and community sentiment.
3. Market Capitalization Consideration It is necessary to examine whether its market capitalization is undervalued, and it can be compared with leading competitors in the same field. Additionally, observe whether recent trading volume has increased; it is best to choose altcoins with a daily trading volume above 10 million U.
4. Token Economic Model Research Do not purchase tokens that are in a constant state of inflation or those that are in a lock-up period; instead, choose those that are close to completing their lock-up.
😀😀The altcoin season is coming soon!! Here are the typical characteristics of altcoin season:
Last week, the crypto market saw an influx of 6.283 billion USD, which set a historical high since January 2022. Looking at Bitcoin's market share, it has fallen below the steepest upward trend line.
From the market's movements, it is clear that the cryptocurrency market is no longer dominated by Bitcoin alone, but has transformed into a situation where everyone is experiencing an overall increase.
Moreover, Bitcoin's market share may continue to fluctuate downwards, which means that opportunities for altcoins are slowly increasing. The current altcoin market is just the beginning!
From the perspective of the total market capitalization of cryptocurrencies, we are currently striving to break through the total market cap high point of March this year. If we can surpass that, a new round of overall market rally will begin again.
In summary, buying during the pullback and holding on will be particularly valuable in the next 1-2 months, which will be a rare stage of overall market rally.
Green Area: When the Big Pancake is in this area, the possibility of a rebound is relatively high, or it may show a sideways trend.
Red Area: If it is in this area, the likelihood of the Big Pancake declining or moving sideways is relatively higher.
For the remaining time today, it is expected that its trend will first decline and then rebound. The low point is expected to occur around the US market session, so keep an eye on whether the price can touch the level of 833.
In the short term, if a pullback occurs, it can be seen as an opportunity.
However, please note that such predictions may have significant changes.
Bitcoin (BTC), this surge is really unbelievable, it's like a rocket launch, "whoosh" it just shot up. Now, those altcoins are eagerly watching Ethereum (ETH), they all have to follow its rhythm. There are two scenarios to discuss here. One scenario is that as long as Ethereum doesn't pull back and stays stable, those altcoins will be like they're pumped up with adrenaline, running wildly on the path of rising, continuously going up, the momentum is quite strong. Now let's talk about the second scenario, Ethereum might replace the pullback with a sideways movement that resembles small steps over 4 hours, and then "boom" it triggers a daily level main upward wave. Oh my, in this situation, I don't know what to say. This bull market is too crazy, the rise is so dizzying, it's like riding a roller coaster, sometimes high, sometimes low, my eyes are all blurred.
SUI public chain makes a strong comeback, trading volume surges, and short-term layout opportunities emerge!
Look at the market of SUI public chain, it's serious now!
Not only has it broken through the previous support level, but the trading volume has also soared, which undoubtedly serves as a precise signal for short-term investors.
The opportunity in the small cycle has already arrived, and now is the perfect time to enter the market with this wave of increase. As the overall market warms up, SUI is expected to further solidify its upward trend and challenge higher price levels. Friends looking to gain short-term profits should definitely not miss out! The market is ever-changing, let's charge to the front together, and remember to follow me!
After the Election, Dogecoin (DOGE) Rises 92%! Strong Recovery in Meme Coins!
After Trump's election victory last week, if we consider which cryptocurrency benefited the most, it is undoubtedly Dogecoin (DOGE), known as the 'King of Memes'. From the weekly chart, Dogecoin has successfully surpassed XRP and USDC with an astonishing increase of 92%, thus rising to become the sixth largest cryptocurrency, with a market value reaching $42.3 billion. Additionally, Dogecoin's daily trading volume has shown a rapid surge, increasing by 220%, reaching as high as $16.8 billion.
So, is Dogecoin actively preparing for the arrival of a super bull market?
CRO is currently steadily holding at the support level of 0.06, and the relevant signals look quite stable. From its trend, CRO has the potential to slightly rise towards the target price of 0.142, and if the trading volume is relatively large, it will have a significant driving effect on its increase.
As Trump's campaign gains momentum, DOGE (Dogecoin) suddenly becomes hot, attracting a rush of buyers. Driven by this buying frenzy, the price of Dogecoin skyrockets like a rocket, and it also ignites the entire MEME sector.
Established meme coins like SHIB (Shiba Inu), PEPE (Pepe Coin), and FLOKI (Floki Coin) also rise in tandem with Dogecoin. Even the poorly rated NOT chain, which has been criticized, managed to hold on for several days during this market wave. Among them, X coin performed remarkably, surging tenfold in just a week, which is truly astonishing!
Seeing the strong upward trend of established meme coins, retail investors can no longer sit still. They hurriedly start exchanging their new meme coins, such as BOME, NEIRO, etc., for established meme coins. As this coin-switching behavior becomes more frequent, the prices of established meme coins gradually stabilize, and the rate of increase also noticeably slows down.
However, at this moment, those new meme coins, after experiencing massive sell-offs and nearing a 'clear-out' state, suddenly enter a crazy upward mode.
Everyone is anxious, fearing they might miss this great opportunity to make money, so they quickly sell off their other sluggish coins and eagerly rush into the meme sector. After this turmoil, the meme sector first stabilizes gradually, and then begins to pull back, while other popular sectors, such as AI artificial intelligence and Bitcoin ecology, seize the opportunity to take the stage and become the new favorites of the market.
Midnight pullback completed, Bitcoin continues to build momentum and refreshes its record, rising to around 81,700, and Ethereum also reached around 3,250.
The bullish momentum for BTC is high and relentless, with a strong trend, minimal pullbacks, continuous bullish candles, and a consistent upward push, constantly setting new highs. The support level has broken from 75,700 all the way to the 80,000 line, which is clearly an important support level. We remain optimistic about the upward trend, and any pullback presents a buying opportunity. #特斯拉市值重上1万亿美元 #山寨季分析 #BinanceLabs投资BIOProtocol
DOGE is in a high-level fluctuation state, and it is highly likely to maintain the status quo this week; just be patient and wait.
ETH and its ecosystem and related data release times
The developer conference next Tuesday should focus on ETH and its ecosystem-related projects such as LDO, SSV, ENA, OP, ARB. Additionally, CPI data will be released next Wednesday.
If BOME enters as mentioned yesterday, the short-term maximum profit could reach 10 points. The current price has already pulled back, so it's best to observe for now.
CPI data will be released next Wednesday, and many altcoins have reached resistance levels; it is advised to maintain a wait-and-see attitude for now.
SOL has reached its previous high, and its ecosystem has also shown good upward performance. Keep an eye on WIF, JTO, RAY, JUP.
UNI has already begun to show signs of increase, and it is expected to have a good upward trend next week. Consider entering when it pulls back to the right level.
Since Trump took office, the DeFi and staking projects in the ETH ecosystem have undergone significant changes. Previously restricted by SEC regulations, staking and token issuance projects have now been relaxed, with new projects like BN's new token COW and the leveraged combination of UNI+ETH embracing development opportunities.
The main line of the MEME market remains stable, currently led by Neiro and the AI+meme main line GOAT, deployed on the ETH chain and SOL chain, respectively. These platforms have ample liquidity and appeal.
In contrast, although BTC prices were once considered too high, it is this high price that attracted significant capital inflow.
With the introduction of the Bitcoin spot ETF and policy support, the bottom for BTC has been confirmed, while the upside potential remains vast.
Faced with a reduction in choices in the altcoin market, it may be better to concentrate resources on BTC, ensuring controllable risks and potential long-term gains.
PePe Pepe Frog Soars 19% in a Week! Pepe Unchained Ecosystem Takes Off!
Pepe's price rose by 19% last week and has increased by 5% in the past 24 hours, with its upward momentum still strong.
According to data from GeckoTerminal, Pepe has broken through the current resistance level of $0.00001013, breaking away from the upper boundary of the descending triangle pattern. Key technical indicators show positive momentum, and Pepe's bulls are currently aiming for higher target price levels.
Pepe's current trading price is above the 50-day and 200-day simple moving averages (SMA), confirming the current uptrend. More importantly, the 50-day SMA is about to approach the 200-day SMA, which may form a golden cross in the coming days, further solidifying bullish market expectations.
👇👇👇SATS Daily Price Trend Analysis Since SATS was listed on Binance spot, the daily price trend has not yet broken the downward trend line.
To initiate a wave of accelerated upward movement, it is first necessary to effectively break through and stabilize at this trend line position. The key support level can be referenced near 0.002, while the resistance level is around 0.0035.
In the short term, focus on the trend line breakout situation and the performance of support and resistance levels to assess the potential direction of future market developments.