This is a trend that may occur next Temporarily observe and don't rush to go long I can't feel today's round of rising like the strong rise in the previous round, my intuition was right, doge timely exited ordi also called for profit-taking at the highest point, temporarily let the market run for a while, don't rush to bottom-fish
The Importance and Development Prospects of Web3 Social Networks
Web3 social networks are so important because they are decentralized, data secure, and transparent. These features allow users to better control their data and privacy, and reduce their reliance on traditional social platforms. Web3 social networks use smart contracts and blockchain technology to achieve fairer and more transparent social interactions, and enhance user engagement and trust.
As for the development prospects, Web3 social networks have great potential. With the continuous advancement of blockchain technology and the expansion of application scenarios, Web3 social networks will gradually change people's lifestyles and business models. For example, innovative applications such as decentralized finance (DeFi) and decentralized autonomous organizations (DAO) will play an important role in Web3 social networks and promote changes in financial and social governance.
Personally, I feel that BTC is holding back a big move. Small coins are on the verge of collapse, and Bitcoin is single-handedly draining value. When it can no longer absorb, there will be a significant drop of 10,000 points. Bitcoin is experiencing severe divergence between volume and price. Once it can no longer rise, it will be the turn of small coins. For now, don't short. It is very likely to touch 100,000. Every bull market will have an altcoin season, where altcoins are squeezed to the extreme before exploding. In the last cycle, Bitcoin's dominance was compressed to 82% before exploding, in the previous cycle it was compressed to 72% before exploding, so how much will this cycle compress? 62%? Currently, it is at 60%. Bitcoin has broken through 95,600, and support has already formed here. A new round of rising is about to begin, so do not short. Small coins can be prepared for ambush now. $NEIRO $WIF $ORDI Also, some coins in the blockchain gaming sector, only recommend spot or low leverage to buy the dip.
$BTC Bitcoin's short-term support is around 92,000, with extreme support at 90,000. As long as it stays above 90,000, the bullish trend remains. If the closing price falls below 90,000, the trend will face a major correction. Just remember this key level. Just go to sleep with an empty position. $BTC Bitcoin has risen to 95,000, while altcoins, including Ethereum, not only don’t rise but also keep dipping. This market is draining BTC.
Retail investors in the cryptocurrency market must have the following seven points of understanding; otherwise, you can easily lose money. The first is that beginners can easily get carried away when trading contracts, so please cherish your bullets. Second, whether it is HY or spot trading, you must know when to stop and take profit. However, it is important to note that there are many scams and shills in this space, so do not trade on unknown exchanges. Do more research, ask questions, and learn more. The fourth point is that this market relies on insight and patience; 99% of projects have no real value. As long as you have made a profit, you are the winner. Never think that you can ride a single line from start to finish. The fifth point is that this game depends on what cards the operators play. You should react accordingly. Sometimes, when the operators have absorbed enough, they will withdraw their funds. After cutting the leeks, their capital will flow into the next project. Sometimes, even before they reach their expected position, they will continue to drive up prices to cut more leeks. The sixth point is to try to rest on Saturdays and Sundays. The seventh point is that you must review, summarize, and review again.
Please maintain a vacant position! It's worth reading the following paragraph. Currently, the price of Bitcoin is still hovering in a high range, without any significant pullback. Analyzing the indicators on the daily chart, there is a demand for market correction, and short-term trading may welcome a local pullback. The previous high point above is seen as a key position for consolidation and defense, and those who prefer short-term trading are attempting to capture the opportunity for a retracement through short positions.
At the same time, closely monitor the support of the ascending trend line below, especially around the 88000 price level, as the stability of this support will determine whether the market stabilizes or breaks downwards. Currently, short-term trading is in a stage of correction or consolidation, and trading strategies need to be combined with hourly chart patterns to determine trading ranges, flexibly operating with high short and low long positions, continuing to dominate with a fluctuating mindset. If a break occurs, the trading mindset needs to be adjusted in a timely manner.
From the four-hour chart, the market experienced repeated highs and lows yesterday, but the surge during the closing period was still controlled within the range. Currently, the pressure at the upper track is still obvious, and today's market will continue to pay attention to the 92000 high point. If it cannot be strong, it will become an opportunity to continue to go long. In the face of a volatile market, trading objectives need to be flexibly responded to based on market patterns. The short-term trading mindset in the morning should focus on fluctuations, operating high short and low long around the trading range to avoid risks brought by repeated back-and-forth movements.
Technically, the fluctuations of the past two days have not formed a clear trend. Yesterday, the market once again closed with a candlestick that had small upper and lower shadows, with the price remaining above the daily MA5 moving average. The key short-term support point is at this moving average position, and if it breaks below the daily MA5 moving average, it could trigger a pullback to the 8.7 line. Over the weekend, the price has consistently remained above the MA30 moving average, with this support point located near 90,000. It can serve as a dividing line for short-term long and short positions. If this line is held, the market will continue to fluctuate at high levels; conversely, it may trigger a pullback to the 8.7 line risk.
Ethereum overall oscillates upwards, with a maximum amplitude of over 150 points. This morning, Ethereum suddenly surged to 3200 before starting to pull back, currently the coin price hovers around 3145. From a technical structure perspective, on the daily chart, it closed with a bullish candle. On the four-hour chart, the Bollinger Bands are narrowing, and the candlestick is above the middle band. The MACD lines have crossed upwards, and the bullish momentum bars are expanding. On the one-hour chart, the Bollinger Bands are opening, the candlestick is above the middle band, the MACD lines have crossed upwards, and the bullish momentum bars are contracting. Ethereum's intraday strategy is mainly to buy on dips.
DEXX ran away, raising a total of 1 billion US dollars. The boss arrived in Thailand. DEXX is a Hangzhou team, which caused a sensation in the entire Chinese-speaking world. Countless people who rushed to MEME to get rich suddenly became extremely poor after waking up! Many people still lost all their wealth, which is a pity.
Powell: If the economy develops as expected, there will be two more rate cuts this year | Binance Morning News (October 1)
● [鲍威尔:若经济按预期发展,今年将再进行两次降息](https://www.binance.com/zh-CN/square/post/14248664641266?utm_source=NewsRoundup&utm_medium=BinanceBUs&utm_campaign=MultichannelPromotion)According to BlockBeats, Federal Reserve Chairman Powell said that if the economy develops as expected, there will be two more interest rate cuts this year, totaling 50 basis points.●[ 美联储古尔斯比:利率下调是当务之急](https://www.binance.com/zh-CN/square/post/14246210740577?utm_source=NewsRoundup&utm_medium=BinanceBUs&utm_campaign=MultichannelPromotion)According to Odaily Planet Daily, Fed's Goolsbee said that lowering interest rates is a top priority and the Fed cannot wait until the job market weakens before taking action. He pointed out that the job market is stable and sustainable. The Fed is cutting interest rates because the economy has returned to normal.