Since the U.S. Federal Reserve (Fed) announced a sharp interest rate cut of 50 basis points last month, the cryptocurrency market has rebounded. After experiencing a decline last week due to geopolitical turmoil in the Middle East, Bitcoin once again reached $64,000 on Monday (7), reaching a high of $64,466.

However, selling pressure has emerged in recent days. Bitcoin has repeatedly retested the $62,000 level after midnight today (9). Whether it can hold this level and continue to rise remains to be seen.

October is usually a good month for growth

First, analysts pointed out that based on historical data, October is usually a month with better performance in the cryptocurrency market, also known as "Uptober":

While previous performance is not necessarily indicative of future performance, we believe that the Uptober effect will continue to manifest.

How far are we from a new high, from Bitcoin reaching $100,000?

I think we will definitely see 100,000 US dollars in the future, but the specific time point is difficult to predict. It may be this wave or the next wave.

Bitcoin is currently in a super volatile period.

The main force is consolidating strongly around the 21-year high and the more than 70,000 high of this round of market.

Will there be a shock shipment here? As I said yesterday, there is no major negative expectation in the future. Whether it is macro or industry, there are no factors for a big crash, at least not at the moment.

And the data on the chain is also very healthy. In August, the amount of hoarding by big whales even exceeded the data after March 21, 2020. So I think the intention of the main force is very clear, which is to cooperate with the interest rate cut cycle and complete a large phased harvest.

The withdrawal range is still 80,000 to 100,000 US dollars! Many people will say that this is not much of an increase, but don’t forget that Wall Street’s main players have a large amount of funds, perfect risk control and profit standards, unlike retail investors who require several times and have no standards. Moreover, Bitcoin has increased several times from 15,000 to more than 70,000.

But I think people with small amount of capital should not be pessimistic. The fluctuation of copycat stocks is still very large. As long as you grasp the rhythm of hot spots, I think it is easy to get several times the profits in each wave.

The holiday is over, and everyone should focus on their studies.
Quickly invest in the value you can create.

The bullish view for October remains unchanged!

This year's fluctuations have changed the thinking of many people, from full of confidence to doubt and then to despair. They want to get results but don't want to give the market time. They want to make money but don't have the patience to wait. This is a very contradictory thing. When facing reality, they are hesitant to judge how the market will go in the future. They dare not draw conclusions. They dare not buy at low prices, but dare to chase high prices. This is the current situation in the currency circle. My view has always been that the bull market is still there, and I am firmly executing according to the strategy I have formulated. Time can change everything, and it can also prove everything. If you are optimistic, don't change it easily.

3 types of mainstream copycats that may explode 20-100 times, worth ambush in the bull market!

BNB

Binance recently announced the listing of Scroll (SCR) on its Launchpool and Pre-Market platforms. Users can lock BNB and FDUSD to receive SCR airdrops within two days. Scroll is an Ethereum zkEVM layer 2 solution and is Binance’s first Pre-Market project.

The total amount of SCR is 1 billion, of which 5.5% is used for new coin mining rewards. The initial circulation at the time of launch is 190 million SCR, accounting for 19% of the total circulation.

BNB has been stable, rising 19 out of the past 30 days, equivalent to 63%, and has high liquidity relative to its market capitalization. According to the forecast, the price of BNB may rise by 21.22% and may reach $696.57 by November 7, 2024. The current sentiment remains bullish, with a Fear and Greed Index score of 49, which is neutral.

MSEK

Maker (MKR) is currently trading at $1,415.01, up 0.88% in the past 24 hours. Over the past year, the price has increased by 3%. In addition, Maker has closed higher than its opening price on 15 trading days (50% of the past 30 trading days).

Looking at the short-term price prediction, Maker is expected to remain between $1,417.37 and $1,960.37 this week, which could see a 38.31% gain by October 14, 2024, if the highest price prediction holds. For the following week, the prediction range is $1,960.37 to $2,602.04, which could see a 32.73% gain by October 21, 2024, if the higher prediction holds true.

In the long term, Maker could trade between $1,417.37 and $4,181.71. If MKR reaches the high end of this range, it would represent a 195.54% increase from the current price. These forecasts provide insight into short-term and year-end expectations, offering investors a wide range of potential outcomes.

APT

Aptos is a first-layer blockchain designed to solve significant challenges such as high transaction fees and slow processing times that often affect other platforms such as Ethereum. Aptos was developed by Aptos Labs to leverage its expertise to enhance blockchain capabilities.

Recently, Franklin Templeton partnered with the Aptos Foundation to launch the OnChain U.S. Government Money Fund (FOBXX) on the Aptos blockchain. The fund’s subscriptions have exceeded US$20 million, which shows that the integration of blockchain technology and traditional finance has made gratifying progress.

The collaboration aims to enhance interoperability between real-world and treasury-backed assets in non-Ethereum Virtual Machine (non-EVM) blockchain environments. In addition, Aptos Labs announced the acquisition of HashPalette, a subsidiary of HashPort, marking its strategic move into the Japanese blockchain market.

Meanwhile, the APT token has shown significant activity in the market, with its token currently trading at around $9.03. Its intraday gain was 1.63% and its weekly gain was 9.51%. Additionally, the coin’s trading volume has also seen a significant boost, surging 52.17% in the past 24 hours.​