Yesterday's Market Review

Yesterday, BTC continued to rise in volume and successfully broke through the 66,000 mark, slightly exceeding the expectations of the day. Currently, BTC is consolidating at the 66,000 line, and the trend is still healthy. Keep holding positions and reach the target range of 66,000-68,000. There is a short-term correction demand during the day. The 4-hour rise is weak in momentum and there is a slight divergence. Wait and see during the day and wait for a correction. The second cake rose in volume yesterday and broke through the 2,700 mark. If the short position is adjusted back to 2,650 during the day, you can consider building a collection. Continue to be bullish, the target range is 2,800-3,000. SATS can continue to be held, and liquidation can be considered around 50. PEOPLE mid-term holdings can continue to wait. Other altcoins DOGS consider deploying head storage, and FTM considers building head storage:

Intraday market analysis

BTC 1-hour and 4-hour levels are above the healthy level, and the daily level is above the healthy level. Wait and see during the day, waiting for consolidation, and the expectation of keeping the hiding position for a long period has not weakened. The support below is 64800-65300, and the resistance above is 66500-67000.

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ETH 1-hour and 4-hour levels have returned to healthy levels, and the daily level has returned to healthy levels. Wait and see for the day, waiting for consolidation. The upper resistance for the day is 2760-2800, and the lower support for the day is 2620-2650.

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Yesterday, BTC rose again and successfully broke through the 66,000 mark. The increase slightly exceeded yesterday's expectations and reached the target range of 66,000-68,000. It is currently consolidating at the 66,000 line. There is a need for a short-term correction. The 4-hour level volume has begun to weaken, and the greed index has returned to the greed level. Market sentiment has recovered. A small correction and cooling is normal. Look for corrections during the day and wait for repairs. Pay attention to the 4-hour level volume. A slight divergence has occurred. No follow-up during the day. Keep holding. There is no good way for those who haven't got on the bus. Wait patiently for the correction before getting on the bus. Don't chase high. There may be a slight adjustment after the positive impact of the interest rate cut is implemented, but the probability of another big drop is not large. Don't worry too much. The big cycle expectations have never changed, and the bull market expectations are still built on

Yesterday, ETH rose synchronously with BTC, breaking through 2700 with large volume. The current trend is better than BTC, and it may continue to rise. Wait and see during the day, waiting for consolidation. If the short position falls back to around 2650, you can consider buying. The trend of ETH has begun to improve. The activity of ETH ecology has recovered slightly, and the chain has recovered slightly. Maintain the target range of 2800-3000. Hold on. The downturn will not continue. A new round of rising cycle is not far away.

The altcoin sector will follow the mainstream and consolidate synchronously. SATS will continue to be held. If it rises to around 50, it will be cleared and exited. The mid-term holding can be seen to around 80. PEOPLE will have good expectations before the November election in the mid-term. CKB will continue to be held after reducing its holdings and wait for the ecological outbreak. The altcoin sector will patiently wait for the mainstream to adjust. Consider following up with other high-quality currencies to build a collection, such as SSV, BB, etc. for mid-term deployment. FTM0.67 will build a head collection. DOGS can consider building a head collection. Consider buying FB as a head collection

After the FB mainnet was launched, the price dropped. Consider buying it first.

Fundamental news: None

Primary market information:

Continue to pay attention to RGB++. SEAL has recently adjusted. Wait for more positive news from RGB++ and consider buying in batches.

The rune market is still sluggish, wait and see

Fractal Bitcoin mainnet is now online, pay attention to other ecological sectors in the future

Intraday mainstream currency support and resistance:

Today's intraday market, BTC's lower support is 64700-65200, and the upper resistance is 66500-67000. ETH's lower support is 2620-2650, and the upper resistance is 2760-2800.

Today's Greed and Fear Index: 65 (Greed) - The long-lost greed level is back, and market sentiment is improving

Buy these 3 cryptocurrencies in 2024 and get 100 times the return!


1.FLOKI

Floki Inu, a unique brand inspired by the nickname of Elon Musk's pet dog, is by no means a frivolous talk for entertainment. It has a grand technological vision and aims to reshape the digital world through a series of innovative initiatives. Among them, the feat of building a dedicated metaverse "Valhalla" and an education platform demonstrates its ambition to deeply integrate virtual and reality and lead the future lifestyle.

Investing in Floki Inu means standing at the intersection of entertainment and real life in the future. This is a gamble on imagination and technological innovation. Its charm lies in its ability to unlock unlimited innovative application possibilities, especially in the emerging field of the metaverse. Floki Inu's project has great potential and is expected to become a key force in shaping the future digital ecosystem.

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2.DOGE

This pioneer of the "meme coin" world has been leading the field of cryptocurrency since its birth. Its influence is so far-reaching that even the technology giant Musk has supported it, which shows its extraordinary charm. Investing in DOGE is undoubtedly an exciting and challenging adventure. Its charm lies in that it is not just a digital currency, but also a unique cultural symbol with a solid community foundation and is widely known.

However, as its reputation goes, DOGE's price trend is like a roller coaster ride, sometimes soaring into the sky, sometimes ups and downs, making it unpredictable. This characteristic brings excitement and opportunities to investors, but it also requires investors to have a strong psychological tolerance to cope with the uncertainty brought about by price fluctuations.

Therefore, investing in DOGE is a double-edged sword. Its advantages are that the community is stable and well-known, providing investors with a unique opportunity to participate; while its disadvantages are that the price fluctuates violently, requiring investors to have a high degree of risk awareness and good mentality management ability. While enjoying the fun and challenges brought by DOGE, investors also need to remain rational and cautious and make wise investment decisions.

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3. BABY

PEPE coin, a digital currency derived from the popular online image "Sad Frog" Pepe, has already shown its prominence in 2023 and is now ready to shine on the cryptocurrency stage in 2024. It attracts the public's attention with its unique creativity and freshness, and its fan base is growing day by day, showing vigorous vitality.

However, as a member of the emerging market, PEPE coin also faces huge challenges of market fluctuations. Just like a fledgling warrior, exploring and moving forward in an unknown field, every step is accompanied by risks and opportunities. Its advantage is that the "sad frog" stalk behind it is popular, with a wide range of emotional resonance and fan base, which brings continuous growth momentum and support to PEPE coin.

On the other hand, as a member of the new market, PEPE coin also faces many uncertainties, including changes in regulatory policies, fluctuations in market sentiment, and the rise of competitors. These risk factors make the future trend of PEPE coin full of variables. While enjoying the freshness and fun it brings, investors also need to remain vigilant and do a good job of risk management.

To sum up, the performance of PEPE coin in 2024 is worth looking forward to, but at the same time, investors also need to have sufficient risk awareness and judgment ability to cope with possible market fluctuations and challenges.


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