The market of Bitcoin last week was thrilling! A hammer line with large volume directly raised our hearts to our throats. Fortunately, at the critical moment, it was firmly inserted near 49,000, giving everyone a reassurance. Looking at the lower line of the parallel channel near 54,000, the signal of large volume to stop the decline is clearly visible, like a lighthouse in the sea, illuminating the direction of progress.
This week, the daily chart also had a lot of good news. On August 5, a long black candlestick with a huge volume and a long lower shadow appeared, and then the next day, a piercing stop came, as if telling us: "Don't be afraid, it won't fall any further!" However, although the long white candlestick on August 8 was pleasing, the volume seemed a bit reserved, as if telling us: "Don't worry, the good show is yet to come."
This morning's closing is even more intriguing, with a bearish engulfing pattern appearing. But don't worry, although the stop-loss signal is not accompanied by a significant increase in volume, we can wait for subsequent developments. After all, true warriors dare to face temporary fluctuations.
In summary: On a weekly basis, we are in the sweet period of transition from the early stage of the bull market to the mid-term, and the support of the lower line of the parallel channel is still strong. On a daily basis, although the signal of stopping the decline is slightly implicit, the trend of oscillating bottoming has become more and more obvious. As long as we hold the 49,000 line of defense, the high ground ahead is just around the corner!
A big reveal on potential currencies: Which will be the next 100-fold coin?
After talking about the market, let’s talk about those potential currencies that make people covetous!
1. TON: The “Breakthrough King” in the Gaming Industry
As soon as TON coin was launched on Binance, it became extremely popular. In its ecosystem, game projects are extremely popular. Not only are the gameplay novel, but they can also attract a large number of players and developers. What's more amazing is that these games have practical applications and have a set of methods to deal with supervision and economic model design. You say, how can such a project not be popular?
2. KAS: A rising star in scalability
Kaspa, the name sounds very technological. It uses the GhostDAG protocol to achieve parallel block collaboration, greatly improving the scalability and throughput of the blockchain. In today's pursuit of efficiency and speed, Kaspa is undoubtedly a breath of fresh air in the market. In 2024, its performance is definitely worth looking forward to!
3. TIA: The leader in modular networks
Celestia's TIA project is changing the landscape of blockchain through modular networks. It separates the consensus layer and the data layer, making blockchain more flexible and efficient. This innovative design has attracted the attention of a large number of developers and investors, and TIA is expected to become one of the dark horses in 2024.
4. ARB: Ethereum’s right-hand man
Arbitrum (ARB), as one of Ethereum's expansion solutions, enhances Ethereum's scalability through aggregation technology. It is not only fast and low-cost, but also maintains the security of Ethereum. As Ethereum's congestion problem becomes increasingly serious, the rise of ARB is unstoppable.
5. LAND: The new blockchain in real estate
Landshare (LAND) introduces blockchain technology into the real estate sector, allowing investors to easily own part of real estate assets. Driven by big names such as BlackRock, the trend of tokenization of real-world assets is becoming more and more obvious. As a leader in this field, LAND has immeasurable growth potential in the future.
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