When I woke up this morning, Bitcoin plummeted to $52,000 and Ethereum fell to $2,150.
Although the US non-farm payrolls data seems to be positive, it has triggered panic selling in US stocks and cryptocurrencies. Many small and medium-sized mining farms have already been operating at a loss, and only those with good cost control can barely survive.
Many people are confused about the positive data, why did the market plummet?
This is the impact of the macro economy. Remember, the previous 3.12 crash also occurred under the favorable conditions of interest rate cuts, and the US stock market had circuit breakers. Technically, although there was a brief rise after the data was released, the market has been showing a trend of top divergence and US stocks opening high and closing low. Therefore, I released a short-term strategy to short Ethereum before the crash and made a quick profit.
The overall strategy has always been to focus on short positions, supplemented by short-term low-level long positions.
Hold on, my dears! If you don’t buy high-inflation tokens, after the market recovers, strong coins may rebound within a few days, while weak coins may take a few weeks. If you still have funds, continue to buy the dips in batches, remember to diversify your investments, and don’t go all-in with a heavy position.
This morning, Musk joined the sunwukong battlefield. He forgot about his dog. Xiao Miao wants to ask: When will you take your dog for a walk #DOGE#
Musk posted such a post on social media today, and then meme coins related to the topic have emerged on Tron and Ethereum. TRON MEME coin SunWukong rose from $0.0053 to $0.011 in a short period of time, almost doubling, and then fell back by nearly 25%. However, as the market heats up again, the price climbed again to around $0.012 and is currently stable at $0.01.
RWA track: ONDO, there are two positives and one negative point:
Pros:
Next week, the entry threshold for the U.S. Treasury RWA product OUSG will be lowered to attract more retail investors.
As the leader of RWA, it is currently only available on Binance Futures. There is a high possibility that it will be listed on Binance Spot in the future, and it is expected to increase by more than 30%.
Negative factors: 1.94 billion tokens will be unlocked on January 19 next year, equivalent to 135% of the current circulation, which may cause assets to be diluted by more than half.
Friends who hold $ONDO can consider selling after the spot is launched. It is recommended to clear the position above $0.8. For investors who are optimistic about the RWA sector, they can consider buying fully unlocked $OM and $TRU to avoid additional selling pressure.
MEME and Inscription Track:
WIF (currently 1.51): As an active currency in the SOL ecosystem, WIF performs outstandingly when the market comes, and its activity exceeds that of BOME. With sufficient main funds and a large number of community big players, WIF's increase is more attractive.
SATS (currently 0.0...3123), PIZZA (currently 4.53): The inscription sector experienced a wealth effect from October to February last year, and has now undergone seven months of adjustment. SATS and PIZZA are expected to be highly used in inscriptions, thanks to the support of UNISAT. It is expected that in the next wave of copycat market, these two are expected to become strong currencies in the inscription sector.
L1 and Gaming Track:
SAGA (currently 1.43): L1 project related to games, it is expected that game narrative will return. SAGA will not unlock tokens before April 2025. From a technical point of view, a thorough wash has been completed, and the monthly line has closed in the negative line for three consecutive months.
PIXEL (currently 0.12), YGG (currently 0.35): Although PIXEL is not a big production, it is quite interesting and has a low circulating market value. As the leader of the game guild, YGG has a large number of users in Southeast Asia and is expected to perform well when the game explodes. In terms of technology, the monthly line of both is at the bottom of the arc.
AI Track:
VANRY (currently 0.086): It involves multiple concepts such as L1, RWA, games and AI, has strong marketing capabilities and a relatively low market value. Xiao Miao bought it at the bottom and it performed well, and is still optimistic about it.
Staking:
BB (currently 0.296), LISTA (currently 0.3144), ETHFI (currently 1.27), SSV (currently 17.94): These are the currencies I currently hold. BB and LISTA are new IEO projects of Binance and have been fully washed out. SSV was a currency that Xiao Miao had laid out in the early days and is held at a reasonable price.
Technically, new and old coins have experienced a long period of sideways trading in the monthly line stage, and a new altcoin market is expected to open in September and October. The WB of the above tokens can be traced, and some tokens have been banded many times. Those who are interested can go and have a look.
