Recently, many fans have asked me about the market. In fact, I've been saying for over a month that I am bullish on BTC in the medium to long term, with an initial target of breaking 100k, and the ultimate goal is to the moon, which is unpredictable; I am also slightly bullish on the big A, but it will take longer.
First, let's talk about the big logic: 1. The global monetary easing cycle is coming Regardless of any asset, the core of price fluctuations is the liquidity, not the technical analysis, fundamentals, or policies! When there is enough money in the market, even a black swan event can quickly bounce back to a new high, like the US stock market and cryptocurrency during the pandemic. Therefore: In the coming year, both China and the US, as superpowers, will continue to cut interest rates and reserve requirements, and Europe, Australia, and others will follow suit (excluding Japan). The global monetary tightening cycle is ending, ushering in a new round of easing.
2. The US election, with a high probability of Trump being elected, is favorable for the crypto market but unfavorable for the big A Trump's support for digital currencies is obvious, famously stating, "Let the future of BTC happen in the US," with great fervor. The big coin is likely to surge. On the contrary, Trump is extremely harsh on China, even more so than Biden. After being elected, he may issue stricter policies against China, which will be unfavorable for the big A in the short term.
3. The risk of war in the Middle East is easing, and Russia-Ukraine may welcome a white swan In the Middle East, Israel and Iran can only engage in minor skirmishes, with neither side having intentions of war. Every provocation is an opportunity to accumulate chips at a lower price. The Russia-Ukraine war may gradually begin peace talks after the US elections, potentially concluding next year, which would be a white swan for global assets.
4. BTC is entering a four-year cycle The last bull market for the big coin was from 2020 to 2021. According to the four-year bull-bear cycle, this round will start in 2024, peaking in 2025. Typically, a bull market also begins a few months after the halving. Don't forget, the last halving was on April 20, 2024, and it has been half a year since then!
The combination of the global easing cycle, the four-year BTC cycle, and the Trump effect, along with the potential for a white swan event in the Russia-Ukraine peace talks next year, could present another significant opportunity for wealth accumulation in life!
The previous article suggests that 71586 is suppressed. The highest point during the day is 71587. There are chips received near 68383, and the chips received before 67775. Pay attention to stop profit!
From the daily K, today's rise has broken away from the shock area after the price stepped back on the neckline of the "tower bottom". This area is enough to challenge the historical high after adjustment and accumulation. It has far-reaching significance for the development of the market outlook. At the same time, we must also actively look at the opportunities after the daily sideways or correction.
From the range of 4H to 12H, the upward momentum has not yet weakened, but the market after the continuous rise is prone to divergence at a small level, and the cost-effectiveness of chasing is not high.
From the 15-minute trend, the secondary rush after the sideways trading in a small range has initially produced a divergence. In the personal trading system, this is the position of short-term spot active profit stop and contract short short position. Beware of a sharp drop in the market.
Short-term support 69110~68577 (watch the market), second support 66976~65666, short-term suppression 72735~73777
NEIRO and TURBO Price to Recover 10% via Binance Copy Trading?
NEIRO and TURBO memecoins saw significant price increases today, fueling optimism about Binance’s enhanced offerings.
First Neiro On Ethereum and Turbo have attracted widespread attention as their prices surged amid the broader market rally on Tuesday. Notably, the prices of these tokens rose by more than 10% as the cryptocurrency exchange Binance expanded support for these tokens. The cryptocurrency exchange giant recently revealed that it is adding these assets to futures copy trading, sparking investor optimism amid the continued price gains.
Is the altcoin season approaching? What signals are worth paying attention to? Many indicators show that the price of Bitcoin is soaring, and it seems that the 'altcoin season' is about to arrive. Although the bull market in 2024 has been hindered since March, leading to a continuous decline in the altcoin market, some key indicators suggest that the recent rebound may be a precursor to significant movements in the future.
Bitcoin Reclaims $71,000: Will BTC Set a New High This Week?
Bitcoin (BTC) has reclaimed the $71,000 level for the first time since June this year. The asset is up 4.9% on the daily chart, 5.6% on the weekly chart, 8.2% on the 14-day chart, and 8% in the past month. BTC's price has also risen by nearly 109% since late October 2023. The original cryptocurrency is now just 3.6% away from its all-time high of $73,737 set in March this year.
Why is Bitcoin rising?
BTC’s latest upward momentum could be due to investors gearing up for MicroStrategy’s quarterly earnings. The company’s shares hit an all-time closing high of $313 on Monday and are trading around $255.34. Microstrategy is one of the most bullish entities in Bitcoin (BTC). As of September 20, 2024, the company has 252,220 shares.
A few small-cap quality assets, thinking about them is better than meme coins. If you don't want to buy meme coins with a market cap of tens of millions or billions, you can take a look at these few.
1. eths 2. pizza 3. btcs 4. rats 5. blur 6. atom
The above few are all small-cap, have good narratives, poor liquidity, good fundamentals, and are not listed on major exchanges.
After nearly three months, Bitcoin breaks $70,000 again Currently only a little over $2,000 away from its all-time high, with a 3% increase; but other altcoins are basically still halfway up the mountain or at the bottom: even ETH is still 46% away from its all-time high SOL is 30%, BNB is 16%, while popular coins from the last bull market like DOGE, SHIB, ADA, ICP, FIL, DOT, etc., still have declines of 70%, even 90%; From this perspective, we can only say that it’s a bull market for Bitcoin alone right now, of course bull markets always start with Bitcoin rising; The current market liquidity hasn’t picked up yet, and can't support a widespread increase. It may be quite difficult to see other altcoins surge along with Bitcoin; it would be good if 20% of altcoins eventually exceed Bitcoin’s increase; Next, there are a few major events to watch out for in November to prevent black swan occurrences: November 1, U.S. Non-Farm Payrolls Night; November 5, U.S. Elections; November 7, Federal Reserve interest rate decision; Currently, one should have about half of their positions, but don't be too eager to go all in. It’s best to wait for these three events to settle down and decide your investment strategy based on the market fundamentals at that time.
1. With this rise in BTC, various bull market main waves are emerging one after another. BTC has yet to break through the consolidation range, and ETH hasn't even touched the resistance level. It's hard to talk about a main wave. My view remains unchanged; I do not expect any significant main wave, and ETH and altcoins will continue to decline against BTC until the end of the year.
2. The only situation that would make me stop being bearish is if ETH effectively stays above 2820. This viewpoint has been expressed multiple times. If there truly is a main wave, it will be completely timely to consider going long after it stabilizes. Otherwise, it is just a fleeting wave in a long adjustment process.
BTC.D has been rising for more than 2 years, close to 60%. This round's peak will be between 60%-70%, but it will definitely be lower than the previous 70%, due to stablecoins and new coins, which are expected to reach their peak by the end of the year.
The question is, after BTC.D peaks, will altcoins rise faster than BTC, or will BTC fall faster than altcoins?
The Secrets Behind Candlestick Patterns (Part II): A Beginner's Guide, Candlesticks are the Source of Profit in the Trading Market. Mastering Naked Candlesticks Can Lead to Big Earnings!!! You must thoroughly understand candlestick patterns. If you are just starting to engage in trading, you might find the concepts of bullish and bearish candles quite complex and hard to grasp, but don't worry, it's not as complicated as it seems. I will teach you to learn it step by step.
The second type: We see this kind of bearish and bullish candles, where there is a long shadow. It used to be a large bullish or bearish candlestick. However, it faced strong opposing pressure, and the defending side showed great determination and strength, ultimately regaining lost ground. By the end of the bearish and bullish candlestick, they still maintain control. Although its body is relatively short, if we think deeper, we will understand that its range is actually not shorter than the first type of bearish and bullish candles mentioned in the previous article. This form of bearish and bullish candlestick is called a Shooting Star or Hammer. It represents the strong force of recovery from a long lower shadow. Long lower shadow: indicates strong bullish momentum. Long lower shadow: indicates strong bearish momentum.
The third type: In this category of bearish and bullish candles, the body is not particularly short, but there is one aspect that diminishes our impression of it, which is the shadow. Taking bullish candles as an example, the price once surged to a high point, but encountered opposing forces. We see that this bullish candlestick has a shadow at the top, which represents rejection, indicating that sellers have reclaimed some lost ground. Compared to the first two forms of determined candlesticks, we see here that the candlestick reflects hesitation and reservation.
There will be extreme one-sided market conditions this week, please pay attention to the specific time nodes 👉 East 8 Zone Time, November 1st, Friday at 20:30
US October unemployment rate, previous value 4.1%, expected 4.1%, published value?
US October Non-Farm Payrolls, previous value 25.4, expected 12.3, published value?
Altcoin News: DOGE, ETH, and POL Prepare for a Major Surge This Week
With significant breakthroughs on the technical charts for DOGE, ETH, and Polygon's POL, the altcoin market may experience a revival.
In a broader market of uncertainty, altcoins have recently faced larger adjustments. However, some industry bets, like Dogecoin (DOGE), Ethereum (ETH), and Polygon (POL), may see a strong rebound this week. These three cryptocurrencies show strong strength on their technical charts, potentially leading to a breakthrough. DOGE leads the altcoin market Dogecoin has seen a strong rise in the past 24 hours, with the price soaring 4.5% to $0.1443 and a market cap of $21.146 billion. Thus, the world's largest memecoin has almost recovered the losses from last week and has increased by 14.55% on the monthly chart.
Will the altcoin season face a downturn in November? Bitcoin may set new highs, with significant implications!
In short With capital flowing into BTC, Bitcoin has risen to $67,000, with dominance increasing to 59.36%, while altcoins are on the sidelines.
ETF inflows and institutional interest are driving Bitcoin close to its all-time high, impacting the anticipated altcoin season. Due to BTC's increasing dominance, the altcoin season remains unlikely; altcoins currently lack the performance-driven momentum. Since mid-September, Bitcoin's price has been on a steady upward trend, rising from $53,000 to $67,000. This impressive growth has hindered the anticipated altcoin season, drawing investor attention and capital towards Bitcoin rather than smaller assets.