After the CPI data met expectations, the market's expectations for a rate cut in September increased. Bitcoin rose nearly 1,000 points in the short term, reaching 59,650. But in the following 24 hours, it continued to fall. After the CPI data was released, it was originally a big positive, but at the same time, it also accumulated a large amount of short-term spot speculative buying and high leverage.
After the news was released, it was used to harvest in reverse, and leverage was liquidated again yesterday. Hundreds of millions of dollars. In fact, this routine has been repeatedly used by the dealer. With more experience, you should understand that it is not suitable to chase the rise in a short period of time after any good news appears, because this kind of manipulation may occur. Good news, or bad news, generally have to be reflected in the market in advance. I generally don’t make a layout when good news appears. Instead, I will take advantage of the situation to reduce my position and wait for a period of correction. After the market stabilizes, I will make a layout again!
Teach you how to play the next altcoin market? !
1. If you are a long-term investor, no matter how small or large the amount of funds is, please buy BTC/ETH first for larger positions, followed by BNB/SOL. If you can bear the risk of the last small amount of funds, then consider buying high-quality altcoins.
2. Most of the altcoins were launched in October 2023. In this round of callback, choose from the popular coins in the high-quality track that are more resistant to decline, such as meme in the BTC ecosystem, meme in the SOL ecosystem, etc.
3. Never touch the products of the "old era", such as LTC/BCH/ETC/EOS/XRP, etc. Try not to buy altcoins in the "old mainstream currency" defi track, and try not to buy "VC coins"!
4. Just like the last bull market, the first round of DeFi started in 2019, with only a few altcoins with strong fundamentals, and the summer of DeFi appeared in 2020, because the new infrastructure, whether it is consensus or technology, takes time, and this round is undoubtedly the BTC ecosystem; if you want to make a big splash in altcoins, you should still invest the most attention and funds in this ecosystem. I think the BTC ecosystem will usher in its summer, it is just a matter of time.
Recommend these tokens with unlimited potential:
- Aave (￥AAVE)
Market value: $1.452 billion
24-hour volume: $101 million
AAVE coin, as the native token of the AAVE protocol, is not only a digital currency, but also the core of the AAVE lending platform ecosystem. The AAVE protocol is a decentralized lending platform based on Ethereum that allows users to borrow or lend funds using cryptocurrencies as collateral without the intervention of traditional financial intermediaries. AAVE coins are the "fuel" in this ecosystem, used to pay loan interest, incentivize users to participate in governance, and provide liquidity. Since its launch, AAVE coins have been enthusiastically sought after by the market for their unique value and potential. With the continuous development and growth of the DeFi market, the price of AAVE coins has also shown a steady upward trend. More and more investors and institutions have begun to pay attention to AAVE coins and regard them as the future star in the blockchain field.
- Sui（￥SUI )
Market value: $1.886 billion
24-hour volume: $100 million
SUI is a promising Layer 1 blockchain platform that has attracted much attention for its efficient and secure digital asset management. It is known for its scalable solutions and has a high total locked value (TVL), demonstrating its strong performance.
SUI is currently priced at $0.74, with a 24-hour trading volume of $100 million, a market cap of $1.886 billion, and a market share of 0.08%. In the past 24 hours, SUI prices have risen by 8.55%.
Sui reached an all-time high of $2.18 on March 27, 2024. Its all-time low was $0.363977 on October 19, 2023. Since its all-time high, the lowest price has been $0.58554 (cycle low) and the highest price has been $0.765548 (cycle high).
The current sentiment towards Sui is still bullish. There are 2.34 billion SUI in circulation out of a maximum supply of 10 billion. The current annual supply inflation rate is 266.18%, indicating a significant increase in supply.
