Bitcoin was sideways all day yesterday. It broke through 65,000 in the morning and then fell back to 64,000. Even though it fell slightly due to Ton’s reasons, the sentiment remained good!
Yesterday I said that Bitcoin had a downward trend at the 4-hour level, but it was trading sideways all day yesterday with almost no fluctuations. According to past observations, this kind of sideways trend instead of falling is often followed by a big wave. It didn’t fall when it should have, and didn’t rise when it should have. Just like a spring, the longer it is suppressed, the greater the force it will explode with once it breaks free.
Back to today's market analysis: From the K-line, the 1-hour and 4-hour levels are both in a downward trend, while the 12-hour and daily levels are still in an upward trend. The intraday pressure level is 66300 and the support level is 61700. Today is Monday, and the market fluctuations are generally larger, so be careful!
The next focus for Bitcoin will be on the 70,000 mark. Once this position is successfully established, a real bull market will begin. The explosive market in Q4 is actually happening now.
Regarding altcoins, here are some recent news to focus on:
In the past two days, we have repeatedly emphasized that for those altcoins that have risen sharply, we should pay attention to timely stop-profit. Bitcoin is currently in an area with heavy selling pressure. Whether it continues to rise or there is a correction, altcoins will experience a wave of decline and retracement. And those altcoins that have soared before often fall much more than other currencies. Even if they continue to rise in the short term, it is just to accumulate strength for the upcoming correction.
1. Nvidia released its financial report this week, which should be good news for the artificial intelligence sector, such as AI, LPT, ArkM, FET, etc. It may also boost the market of Luna, USTC, and VGX.
2. People will probably have some reactions to the election debate on September 10th
3. CZ was released from prison on September 29, which is good for Binance series tokens, such as bnb, cake, bake, etc.
For some altcoins with smaller market capitalization and which have not yet risen significantly, they can also be included in the watch list and wait for a wave of rotation opportunities. For example, LINA, COMBO, BEL, PERP, GTC, OGN, these currencies have had strong performance in the past and are worth paying attention to.
Binance DOGS is about to be launched | Pay close attention to the launch time and price estimate!
DOGS call auction time period: 7:00 pm to 8:00 pm, August 26 (UTC+8)
DOGS/USDT spot trading opening time: August 26, 8:00 PM (UTC+8)
DOGS withdrawal time: August 27, 6:00 PM (UTC+8)
I have the following analysis on the price of DOGS tokens after they are launched:
Price range——
Comparing the mining income of Launchpool and other similar projects such as $NOT, it is predicted that the price of DOGS may reach 80% of the price of NOT, which is between 0.00093 and 0.00124;
Market sentiment
Although some users are optimistic about the future of DOGS and believe that it has the potential to increase in value by a thousand times, the arrest of the founder of the TON ecosystem has led to an overall decline in the value of projects within the ecosystem.
The futures price of DOGS fell from around 0.002 to between 0.0016 and 0.0018, which means that opening expectations may be reduced by about 20%.
On the whole, I personally feel that the price of DOGS after it goes online may fluctuate between 0.001 and 0.0018, but the specific price depends on the actual market reaction and trading volume.
Here I need to remind everyone: if you used BNB to mine DOGS before, you can go back and continue mining TON for 8 days; don’t waste it.
Telegram founder's arrest triggers TON's stock price plunge
The big event in the cryptocurrency circle these days is that the founder of Telegram was restricted and TON plummeted. The creators of TON are the brothers Pavel Durov and Nikolai Durov, the founders of Telegram. They are really a pair of talented brothers.
DOGS posted a message on the official Telegram channel in support of Telegram founder Pavel Durov, “We support Pavel Durov, privacy and truth are particularly important.
Telegram CEO Pavel Durov was arrested by French police after landing at Le Bourget Airport in northern Paris. According to sources, the reason for Durov's detention is related to activities on the Telegram platform involving drug trafficking, gun black market and child pornography. Previously, Telegram refused to cooperate with the police investigation. In addition, the French police also searched Durov's residence.
In terms of the Ton ecosystem, many popular projects have emerged recently, such as the recently highly-anticipated black and white dog DOGS. Although you may have missed this opportunity, don’t forget that GDC is also worth paying attention to.
Gaode recently officially launched the Ton ecosystem and launched Gaode Coin (GDC), which is distributed for free. After the user logs in, the system will determine the number of distributions based on the Tui score. You can also receive rewards by signing in in the group every day. Remember to sign in every day!
How to get it
1. Log in to Telegram
2. Search @gaode Gaode official channel and check the acquisition method in the pinned message
TON will still go on, through all the ups and downs, and witness history.
