Yesterday's Market Review
BTC consolidated yesterday, and the resistance above 58,000 increased. It consolidated and accumulated strength. Wait patiently. It is expected to continue to rise in the next two days. You can consider following ETH and altcoins that have not risen significantly. You need to pay attention to defense in the two days before the interest rate cut. The consolidation cycle is basically in place. The last drop was before and after the interest rate cut. The two cakes followed BTC to consolidate synchronously. Wait and see during the day, waiting for the rebound. SATS can continue to be held. You can consider clearing the position around 50. PEOPLE mid-term holdings can continue to wait
Intraday market analysis
BTC 1-hour and 4-hour levels are above healthy levels, and the daily level has returned to a healthy level. It is expected to continue to rise during the day, but if you do not follow up, you can consider following up with altcoins that have not risen significantly, waiting for a deterministic signal. The expectation of the big cycle has not weakened. The support below is 56800-57300, and the resistance above is 58800-59500.
ETH 1-hour and 4-hour levels are above the healthy level, and the daily level is below the healthy level. It is expected to continue to rise during the day. Wait and see for signals during the day. The upper resistance during the day is 2470-2520, and the lower support during the day is 2280-2330
BTC started to consolidate yesterday, and the resistance above 58,000 began to increase. There are signs of weakening upward momentum during the consolidation and accumulation phase. It is expected to continue to test the upper resistance during the day. The expectation of continued rise in the past two days is still there, but we must pay attention to changes in volume. If the volume continues to shrink, we must start to pay attention to defense and prevent callbacks. The interest rate cut is approaching. There is a high possibility of callbacks on the eve of the interest rate cut cycle and in January and February. This is the case for every round of interest rate cuts, but the big cycle is absolutely positive and we need to wait patiently. The expectation of a 50 basis point interest rate cut in September has declined, but the big cycle expectation has not changed. The bull market expectation is still built on
ETH followed BTC in consolidation and failed to meet expectations of a rebound. ETFs still had net outflows yesterday. It is expected to continue to fluctuate during the day. The momentum is still sluggish. The ETH ecosystem is still sluggish. There is a lack of effective momentum for the rise. If you insist on holding, the downturn will not continue. A new round of rising cycle is not far away.
The cottage sector has a slight rise. SATS continues to be held. If it rises to around 50, the position will be cleared and the medium-term holding can be seen to around 80. PEOPLE will have good expectations before the November election in the medium term. CKB can consider continuing to follow up. Those who hold it will continue to hold it and wait for subsequent positive news. PIZZA has a lot of callbacks, and some are still holding the PIZZASWAP online stage.
Fundamental news: None
-Level Market Information:
Continue to pay attention to RGB++. SEAL has recently adjusted. Wait for more positive news from RGB++. You can consider buying it in batches later.
The rune market is still sluggish, wait and see
Fractal Bitcoin mainnet has been launched, and the block will reach 21,000 (4 days later) and officially start trading. Pay attention to the development of the ecosystem. FB has few airdrops in the early days. Pay attention to the high-quality projects in its ecosystem. Currently, CAT is very popular. Friends who hold FB can participate lightly.
Intraday mainstream currency support and resistance:
Today's intraday market, BTC's lower support is 56800-57300, upper resistance is 5880059500, ETH's lower support is 2280-2330, upper resistance is 2470-2520
Ambush the 3 major altcoins that are about to increase 50-100 times!
1.MATIC
Polygon continues to expand its influence in the blockchain space through a series of strategic upgrades, partnerships, and developments. The platform aims to become a key platform for the integration of real-world assets. Recent developments show that it has the ambition to become a hub for various decentralized projects.
The platform recently transitioned from its native token, MATIC, to a new token, POL. The shift comes as Polygon’s daily active addresses and NFT sales increase, solidifying its position in the blockchain space.
Additionally, there has been an increase in large MATIC transfers, with major investors (often referred to as “whales”) moving large amounts of tokens from exchanges to private wallets. These transactions could signal potential market moves.
In terms of collaboration, Polygon Labs recently worked with Fabric Cryptography to enhance the interoperability of its AggLayer solution by using VPUs (Verifiable Processing Units). The collaboration aims to accelerate the adoption of zero-knowledge proofs by reducing implementation time from years to months.
Additionally, Polygon’s market cap reflects its high liquidity and active trading on major exchanges such as Binance. The platform’s continued development and strategic partnerships show that it is positioning itself for long-term growth in the blockchain space.
2.SUN
Solana is an open source project that aims to provide DeFi solutions using blockchain technology. It aims to achieve this by creating decentralized applications. It solves this problem by using a unique Proof of History (PoH) consensus mechanism combined with the more widely known Proof of Stake (PoS) model.
The PoH system allows the network to order transactions efficiently, increasing throughput without compromising security. According to data from Artemis, Solana recently reached a major milestone with 5.4 million daily active addresses. This metric is crucial because it measures how many unique users interact with the blockchain on a daily basis.
A high number of active addresses indicates a healthy and growing ecosystem. However, despite the surge in network activity, SOL’s price has not risen accordingly, which may reflect a general trend across the altcoin market, which has been under pressure.
As of today, Solana’s price is $134.58, having risen 1.88% over the past 24 hours. Over the past week, the price has increased by 0.62%. While these numbers indicate a positive performance in the short term, the price growth has not quite kept up with the surge in network activity. Nonetheless, SOL’s high liquidity, coupled with its market cap, indicates strong interest from traders and investors.
Solana’s growing network usage is a good sign for potential future price increases. If the increase in daily active addresses continues to attract sustained interest from investors, we could see a significant increase in Solana’s price.
3.OK
If the Ethereum-based project lists major updates, this could lead the Ondo price to retest its upper resistance level of $1.26 this year.
On the other hand, stricter regulation/bearish actions could pull the price down to a low of $0.444. This would see the Ondo crypto token’s average price stabilize around $0.852.
With the adoption and growth of the decentralized finance (DeFi) ecosystem, the price of this token is expected to rise significantly in the coming period. If the market keeps the Ondo cryptocurrency above the psychological support level of $1.00, it could move towards the upper limit of $1.72.
However, with a bearish reversal or market uncertainty, Ondo coin price could drop to $0.571 with an average trading price of $1.145.
