Recently, I plan to ambush some low-market-cap coins with good news to help everyone recover. The current market situation is not stable, so I will take a 30% short-term profit and leave. I will announce the next password in the welfare group! !
Introduction to Boiling Leaves
Bitcoin is expected to enter the accumulation stage. The two previous bottom tests have ended. As long as it can effectively stand firm and break through 59,000 at the current 4-hour level, it will rise again and test the resistance position near 63,000.
This week, Bitcoin gradually stabilized and rebounded after completing its second bottom. Although the rebound process is still very tortuous, the market's money-making effect has improved significantly, which is mainly reflected in two aspects:
1. Although the price of Bitcoin is still hovering around $58,000, 30% of the top 100 currencies by market capitalization have recovered to the price level of $65,000.
2. From September 5 to September 12, the market share of altcoins increased from 9.13% to 9.8%, and the daily trading volume accounted for from 20.3% to 33.5%, showing a trend of continued fermentation.
Historical experience shows that when funds shift from focusing on absolute value to taking into account price elasticity, it often indicates that the market risk appetite is on the rise. As the mid-term bottom is completed, the market gradually enters a stage of moderate recovery. Although the rebound did not see a sudden rise, it is precisely this slow-heating state that verifies the sustainability of the rising market.
After all, under the inventory pattern, every concentrated outbreak of bullish sentiment is often a signal that the market has reached its stage-by-stage peak. Therefore, repeated washing and steady progress are the most ideal performance of a bottom rebound. Only by maintaining patience can you wait for the main upward wave.
BTC is still in a bullish trend, but the trend is falling instead of falling. The market is waiting for further stimulus from the news. The rate cut data shows that a 25 basis point rate cut is a high probability event.
If it meets expectations, there will not be too much fluctuation. As for the market performance after the interest rate cut, I think it will fall first and then rise. The market in the second half of the year will definitely come.
The bull market is about to take off and these three mainstream coins will soar 20 times, which is worth investing in!
PEOPLE
Multiple bottoms are as solid as a rock, and the buying is strong! Although this bull market dark horse has been bumpy recently and the price fluctuations are like a roller coaster, it makes the contract and spot players love and hate it. The high risk also hides the secret of high returns.
TREES
BOME, the hidden superstar in the Solana ecosystem, is quietly accumulating strength and is ready to go! The Binance debut was not earth-shattering, but the energy of the big guys behind the scenes is like a dormant volcano, waiting for the moment to erupt. From its birth to Binance, a three-day miracle, the strength and consensus are self-evident!
SUN
Although SOL's journey to 2024 is full of challenges and its value has shrunk by 40% since March, the price of $127 may become a key line of defense. The road to rebound may start from here. With its excellent scalability, lightning transactions and low cost, SOL is leading the first-layer blockchain track, attracting the attention of countless Web3 developers and NFT creators, and becoming the shining star of the Web3 ecosystem!
