While we were busy traveling around during the National Day holiday, some Western groups took advantage of the opportunity to stir up trouble. Powell denied that a 50bp interest rate cut would become the norm in his speech yesterday, conveying to the market the tone of not rushing to cut interest rates too quickly, which hit the market's fantasy of rapid liquidity easing. At the same time, Israeli ground forces invaded Lebanon, and the situation in the region suddenly heated up. The Pentagon said that the United States would send thousands of additional US troops (bringing the total number of US troops in the region to 43,000) to "defend" Israel.


The big guns and the big mouth immediately boosted the dollar and sank risk assets. US stocks fell across the board. BTC fell for three consecutive days from the highest of 66k on September 30, and retreated sharply to MA30, or 60k.


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The A-share market is closed for the National Day holiday. I didn't expect the Americans to take advantage of this time to do such a big thing. Seeing the risk market being slapped by Powell and Israel, I wonder if the retail investors who entered the A-share market before the holiday are trembling with fear, fearing the judgment of the market opening after the holiday?


Imperialism is imperialism. Love it or hate it. If it wants to be good, it must eat people, at the cost of other people's money or even life. Moreover, unlike the "cautious war" thinking in Eastern culture, it is not only bold in killing and robbing, but also very bold, and will do it if it wants to.


What do you think of BTC's market today? After the decline, it is consolidating and fluctuating in the range of 60500~62000. If it can break through and stabilize at 62000, the market will continue to move upward. The current market has not reversed and the short trend is strong, so be cautious in trading at this time, set a stop loss, and leave the market if it breaks.


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I cannot predict whether a bull market will come, nor do I have the ability to guess the market trend. But I can fully control the risk of each transaction, and I can actively control all risks. The risk of each transaction can be calculated clearly, accurate to the cent. The essence of trading is to control risks, not to try to predict the future. Dear friends, a bull market requires a "price", don't let it become a "price".


The entire network was liquidated with a loss of US$520 million


According to Glassnode data, the total contract liquidation amount in the past 24 hours exceeded 520 million US dollars, of which more than 440 million US dollars were liquidated for long positions, and more than 154,000 people were liquidated. The current market is volatile, so be aware of the risks.


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Don’t be afraid of the market falling, the opportunity to get on board has come! 4 cryptocurrencies that are about to soar 100 times!


1.SUN


Solana has attracted much attention for its excellent scalability and ultra-fast transaction speed. It can support decentralized applications (dApps) without sharding, which is unique among many blockchains such as Ethereum and Cardano.


Focusing on high-capacity network solutions, Solana has attracted many developers and investors and is regarded as a leader in the future cryptocurrency market. SOL is Solana’s native token and is essential for transactions and network participant rewards. As projects increase on the Solana network, the value of SOL is expected to grow significantly during the ensuing altcoin boom.


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2.DOGE


As an old MEME coin, DOGE is still hot in the crypto circle, and Musk also supports it. Investing in DOGE is exciting, but the price fluctuates greatly, like a roller coaster.


The advantage lies in the stability of the community, but the high volatility also requires investors to have strong psychological endurance. It is expected to have an impact in the second half of the year.


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3.XRP


Although Ripple continues to sell large amounts of XRP from its inventory, such as 350 million XRP sold in September, which triggered a short-term negative reaction in the market, XRP has shown strong resilience in severe market conditions. Especially under the prediction of "altcoin season", the possibility of XRP rising further increases.


XRP has gained 21% over the past year and is currently trading above its 200-day simple moving average, which is a positive technical indicator. Moreover, XRP has had 17 up days in the past 30 days, accounting for 57% of the month. Its high liquidity also supports its stability in the market. Investors are closely watching XRP for potential breakout signals.


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4.LINK


Chainlink is a blockchain abstraction layer that enables smart contracts to connect with external data sources. Using a decentralized oracle network allows blockchains to securely access off-chain data, events, and payment systems. This is critical for smart contracts that require external information to function effectively.


Meanwhile, predictions show that Chainlink’s price could rise by 8.93% and could reach $13.92 by October 28, 2024. Although technical indicators currently indicate a neutral market sentiment, the Fear and Greed Index shows a rating of 64, indicating greed in the market. With 17 of the past 30 days being positive and a price volatility of 6.11%, some believe this is a reasonable time to buy Chainlink, but caution is still warranted.


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