BTC Market Analysis on July 29, 2024

As the Bitcoin trading week is about to end this week, the market shows positive signs. On the weekly chart, a distinct "golden needle bottoming" pattern is clearly revealed, which has built a solid support foundation for the price near $64,000. At present, on the daily level, the price of Bitcoin is still firmly in a bullish trend, showing the continued existence of market buying power. It is worth noting that although the price remains upward, there is a faint signal of top divergence between the daily K-line and the MACD indicator, which reminds us to be vigilant about the possible high and low prices in the short term, and then seek support from below again.

Turning to short-term analysis, on the four-hour chart, although Bitcoin remains in the rising channel, the gradual closing of the Bollinger Bands (BOLL) indicates a subtle change in the long and short forces within the market. Although the bulls still dominate, their momentum seems to have weakened. In this context, the short-term support level can focus on the vicinity of $67,700, which may become an important reference point for short-term price fluctuations.

Further refinement to the one-hour chart, a recent rapid upward surge just verified our initial judgment on the daily level trend, that is, although the market has upward potential, we need to be vigilant about potential callback risks.
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In summary, for Bitcoin's intraday and subsequent operation strategies, we tend to adopt a steady callback long strategy. Specifically, it is recommended to arrange long orders when the price callbacks to the range of 67,000-67,500 US dollars, and set a stop loss protection of 500 points to avoid unnecessary risks. As for the profit target, it can be initially set at more than 800-1000 points, and the specific needs need to be flexibly adjusted according to the actual market trend.
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Pre-buried order suggestions:

Buying range: 67000-67500 US dollars
Stop loss setting: 500 points
Profit target: 800-1000 points or more #美联储何时降息？ #比特币大会 $MBL $MAGIC $POWR

Ethereum has maintained a range-bound oscillation trend for a week, and has tried to challenge the resistance level of 3540 several times, but all failed. The lack of clear positive factors has caused the bullish force to fail to be fully released in one fell swoop, resulting in the market experiencing a deep oscillation and consolidation process during this week, and finally forming a trading range with highly concentrated chips.
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In the twelve-hour time frame, last night's callback has touched the middle track position, showing the short-term volatility characteristics of the market. Although the Bollinger Bands are currently shrinking, they still reveal positive signals for the bull market as a whole, and there is the potential to further test the upper track. At the same time, the 5-day moving average, the 10-day moving average and the 120-day moving average intersect in this area, indicating that if there is good news in the future, the bullish volume is expected to be effectively released, and these moving averages will be transformed into solid support forces to drive prices to continue to rise.
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Therefore, based on the current market structure, we tend to adopt the strategy of stepping back to intervene in long orders, and temporarily do not include short orders in today's operation considerations. The specific operation suggestions are as follows: When the price steps back to the 3430-3410 range, actively intervene in long orders, and first pay attention to the breakthrough of the 3540 resistance level above. If the resistance level is effectively broken, the target can be further raised to around 3620. Of course, the market is changing rapidly, and we will also closely monitor the market dynamics and flexibly adjust the trading strategy according to the actual situation to cope with possible market mutations. #以太坊ETF批准预期 #山寨季何时到来？ $STMX $AEVO $AKRO

Real potential coins and hidden treasures at the bottom are often not widely publicized by the public. They are like hidden pearls, only occasionally mentioned by a few keen investors at low levels, such as C98 and LEVER, which rose quietly last year. On the broad stage of the currency circle, although the overall trend seems calm, there are actually undercurrents. Behind every gentle curve, there may be a leap in the future.
In the altcoin market, although the dealer's operation methods are ever-changing, in essence, they can't escape the classic routine of "smashing hard and then slowly pulling up", which is both a strategy and a touchstone for testing investors' patience.
When a new coin lands on the exchange, if it is a "roller coaster" market when it first appears - a sharp rise followed by a sharp fall, this is often a signal of risk warning. You should be highly vigilant about such new coins and don't get involved easily.
On the investment road, the phenomenon of "buy and fall, sell and rise" often occurs, which is the normal state of the market. If such small fluctuations can shake your determination, it may be time to review and adjust your investment mentality. Communication Junyang: 977356059
When you are lucky enough to choose a currency, and it rises instead of falling after buying it, and you suddenly encounter a pullback in the joy of making a profit of 5% to 20%, this may be a subtle signal that the market is about to enter the harvest stage, reminding you that it is time to consider stopping profits at the right time.
It is worth noting that the most rapid price rebounds are often not those hidden potential coins, but those "leek plates" that are full of temptations but also hidden risks. Investors need to stay sober and distinguish the true from the false. Communication Junyang: 977356059
In the bull market, the performance of potential coins is often full of variables. Some currencies may be unknown in the first half, but in the second half, with the rise of market sentiment and the influx of funds, they often burst out with amazing energy, starting a journey of several times or even dozens of times of increase, allowing investors to witness real miracles. #山寨季何时到来？ #以太坊ETF批准预期 $USTC $WLD $FTT

"The unity of knowledge and action is the highest realm pursued by practitioners in the cryptocurrency circle, just like climbing to the top of a dangerous peak and looking at the vast sea of ​​clouds. Countless souls have made great aspirations and vowed to get rid of the shackles of blindly chasing the rise, but often in the face of the turbulent waves of the market, thoughts precede actions, and reason is easily swallowed up by the waves of enthusiasm. Knowing the dangers of heavy positions is like walking on thin ice, and every step must be taken with extreme caution. However, the gambler mentality in human nature is like an undercurrent, making an insurmountable gap between "knowledge" and "action", as if thousands of mountains and rivers are out of reach.
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These four words "unity of knowledge and action" are really The words are simple and profound, and have become the subject of unremitting pursuit of many cryptocurrency practitioners over the years. If you cannot practice them, your heart will rise and fall with the cryptocurrency world, and every fluctuation will be like a sharp blade, cutting your fragile nerves. Failure and frustration will follow you closely like a shadow, and it is difficult to get rid of them. Only by truly understanding and practicing the unity of knowledge and action can you stabilize your mind and control the wind and clouds in this turbulent field, and finally reach the dream of practicing the other side. "#美联储何时降息？ #币安合约锦标赛 $1000SATS $PEPE $WLD

BOME, this bright new star that debuted for the first time, has shocked the entire crypto circle with its extraordinary momentum since its stunning debut. It took only three days to land gloriously on the core stage of the currency circle, heralding the possibility of a brilliant future. Give BOME enough patience and expectation, it may shine more dazzlingly than its debut at some point in the future.

The rise of BOME is full of praises of opportunities and elegy of challenges. Its rapid rise has brought a lot of gains to early participants, but it has also caused many investors who chased in at high levels to suffer heavy losses. Those partners who entered the market above 0.01, some have persisted to this day, and some have reluctantly given up. This drama of chasing ups and downs deeply shows the cruelty and charm of the market.

However, the market seems to have ushered in a turnaround recently. The ETF spot market has shown a net inflow trend for five consecutive days, and many markets including Hong Kong have shown positive capital inflow signals. More astute investors such as "Dezi" took advantage of the positive CPI data and used the inflow of ETF funds to optimize their holdings and successfully reduced their holdings of some Bitcoin, demonstrating their keen market insight.
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BOME, as a rising star project in the SOL ecosystem, is currently in a critical stage of value accumulation. At this moment, it is the best time to layout and accumulate. Once it starts, its upward momentum will be unstoppable, and there will be very few opportunities for those who hesitate. Therefore, we should cherish the current price trough, seize this rare investment opportunity, and wait for the harvest season to come. $BOME $IMX $NEAR #美联储何时降息？

The CPI data released last night has significantly enhanced the market's confidence in September and subsequent interest rate cut expectations. Some Wall Street traders have even begun to look forward to the possibility of three interest rate cuts within the year. Although this optimistic expectation is radical, it also reflects the market's appetite for easing. expectations for monetary policy.
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However, the actual market response appears to be complex and changeable. U.S. stocks fell back quickly after a brief rise at the opening, and the cryptocurrency market also failed to extend its gains at the beginning of the data release and turned downward. This shows that although the expectation of interest rate cuts has brought a temporary boost to the market, the internal dynamics of the market have not been fundamentally changed.
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For Bitcoin (BTC), despite frequent positive news, it has been unable to effectively break through and stabilize above the psychological $60,000 mark. The persistence of this key resistance not only fails to reverse the downward trend at the daily level, but also indicates that there is still greater downward pressure on the market. It is particularly worth noting that Bitcoin also appeared to be unable to do so when it fell back to the important weekly support level of $57,700, which further shows that the market’s optimism about the benefits of future interest rate cuts may have been overdrawn in advance.

Looking ahead, the market’s focus may turn to Ethereum (ETH) ETFs between this week and next week. Although there are rumors circulating in the market that the ETF may be approved next Thursday (July 18), given that this expectation has been fermenting in the market for a long time, the bullish enthusiasm it can inspire when it is actually passed may Has been heavily discounted. Therefore, even if the ETF is approved, its positive impact on the market may be limited, and there may even be a situation where "all the good is gone and the bad is bad" similar to expectations of interest rate cuts. Against this background, investors should remain cautious, pay close attention to market dynamics, and respond flexibly to possible risks and opportunities. $MDX $PDA $ORN #美联储何时降息？ #币安合约锦标赛 #美国6月CPI大幅降温

As Solana continues to grow, it is actively facing severe challenges caused by high transaction volume and network congestion. The latest round of software updates, along with the introduction of innovative technologies such as L2 (Layer 2 Scaling), ZK (Zero Knowledge Proof) compression technology and advanced node clients, are undoubtedly signs that Solana is on track to harness the massive scale required for its ambitious vision. Significant milestones have been achieved.

Looking to the future, Solana's prospects are full of endless possibilities, and its flexible and changeable architecture is gradually optimized to adapt to growing market demands, laying a solid foundation for continued growth and progress. This not only ensures the Solana network's leading position in performance and efficiency, but also makes it the preferred construction and deployment platform for many developers and project parties, leading a new wave of blockchain technology. $SOL $PEPE #CPI数据 #美联储何时降息？

After years of struggling in the cryptocurrency circle, I have summarized 7 iron laws. The content is not much, but the gold content is very high. If you think it doesn't make sense after reading it, you can say whatever you want to me!

1. Divide your funds into 5 parts, and only enter one-fifth each time!
Control the stop loss of 10 points. If you make a mistake once, you will only lose 2% of the total funds. If you make a mistake 5 times, you will lose 10% of the total funds. If you are right, set a stop profit of more than 10 points. Do you think you will be trapped?

2. How to improve the winning rate again? In simple terms, there are two words, follow the trend! Every rebound in the downward trend is tempting to increase, and every decline in the upward trend creates a golden pit! Do you say it is easier to make money by bottom-fishing or low-absorption?

3. Don't touch individual coins that have soared rapidly in the short term. Whether it is mainstream or copycat, there are very few coins that can go through several waves of main rising waves. His logic is that it is difficult to continue to rise after a short-term surge. When the high-level stagflation, it will not be pulled later, and it will naturally fall. It is a very simple truth, but many people still want to gamble.

4. MACD can be used to determine the entry and exit points. If the DIF line and DEA
go out of the golden cross below the mouth axis and break through the mouth axis, it is a steady entry signal. When MACD forms a dead cross above the 0 axis and runs downward, it can be regarded as a signal to reduce positions.

5. I don’t know who invented the term "covering positions", which has caused many retail investors to fall and suffer heavy losses! Many people make up more and more as they lose more, and the more they make up, the more they lose. This is the most taboo in currency speculation, which puts themselves in a dead end. Remember never to cover positions when you are losing, but to increase positions when you are profitable.

6. Volume and price indicators bear the brunt, and trading volume is the soul of the currency circle. Pay attention to the large-volume breakthrough of the currency price at the low level of consolidation, and exit decisively when the high level shows large-volume stagnation.

7. Only do currencies with an upward trend, so that the chances of winning are the greatest and time is not wasted. The 3-day line turns upward, which means short-term rise; the 30-day line turns upward, which means medium-term rise; the 84-day line turns upward, which means the main rising wave rise; the 120-day moving average turns upward, which means long-term rise! #美联储何时降息？