Many fans asked if it is a good time to buy at the bottom now?

If it were me, I would not buy the bottom, but I did not look too short, that is, I reduced 20% of the flexible position, and still held 50% of the position. The only reason to go long here should be the oversold of 4h and the support of the key position of 61000. But I am more concerned about the establishment of the daily short trend. There will definitely be a rebound at this position in 4h, and it is not surprising to rebound to 63k and then fall. There are only two possible positions to re-enter this position:

Breaking through 63 and returning to the daily trend

Fall below 58 and return to the daily trend.

At this position, we can only consider reducing positions or being neutral. The MACD daily death cross indicates that this wave has come to an end, and we must give it time to consolidate and find the next direction. During the decline from 62 to 60 yesterday, a large number of long positions stopped losses or liquidated their positions, and short positions took profits and left the market, resulting in a decrease in positions. The market quickly cleared the positions of those who shouted bullish at 65; the market will enter a sideways consolidation phase next. At present, the signal to open a long position is not obvious, so you can wait patiently;

From the support perspective, the concentrated area of ​​chips has not been broken. The departures from $64,000 to $69,000 are mainly from new investors. The focus should still be on Friday. After all, what the Federal Reserve is paying most attention to now is the labor market.

5 Cryptocurrencies That Will Soar 100 Times!

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 critical 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.

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.

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.

BONK

BONK is a Shiba Inu-themed memecoin built on the Solana blockchain that has attracted attention for its unique approach to redistributing power within the Solana ecosystem. It prides itself on being a community-first token, targeting users rather than institutional investors or venture capitalists. In its early days, BONK airdropped half of its total supply to Solana's NFT and DeFi participants, quickly gaining traction and experiencing a massive surge in value.

PERSON

During the Fed's rate cut cycle, the market value of crypto assets surged by more than $300 billion. Recently, MAI and supply chain sectors have risen in turn, among which TAO has led the way with a weekly increase of nearly 66%, setting a new 18-month high. TAO's explosive speech technology upgrade AI, training innovation, strategic cooperation biochemistry and network effects have been enhanced. TAO has increased 1.6 times in a week. However, even if you miss the early entry opportunity, patient waiting is rewarding, and a healthy callback