Is it still appropriate to chase after $APT and $SUI ?

If you are not skilled in contract trading, or did not place an order to buy Ethereum at $2615 as mentioned in this morning's article, then stick to spot trading. Because in the spot market, as long as you identify a potential coin, the returns can also be very considerable.

Recently, public chain projects have increased a lot, especially $SUI which has led the way with a growth rate of 200%. Although APT has increased more slowly, it has also risen by more than 20%. In addition, the three spot projects laid out the day before yesterday—lunc, luna, and ustc—have already appeared on the list of growth rates today, which is the result of advance prediction.

If you are not good at contract trading, then doing spot trading is just the same. Among these three spot projects, two have already entered the growth rate list, with lunc and ustc even ranking in the top five. Now only lunc has not yet entered the growth rate list, but I believe it is just a matter of time. Currently, the price of lunc is around $0.00009593.

The FOMO project on the $SUI chain, conducted through mining, has entered a new phase. By around 5 PM yesterday, FOMO reached a fully circulating state, meaning that all FOMO tokens have been mined. This marks the end of selling pressure from miners, and what remains will purely be a game of capital.

For the FOMO project, our operational strategy has been quite effective. In the early stages of the project, as there was still profit in minting tokens, we adopted a strategy of immediately selling after mining to lock in profits. As expected, with continuous selling from miners, the token price has been on a steady decline, with a drop of 90%. Based on an optimistic outlook on the $SUI chain and recognition of the fair distribution mechanism of FOMO project POW, we decisively adjusted our strategy to start bottom-fishing, exchanging the profits from early minting for 10 times the chips.

As the FOMO tokens approached the end of mining, funds began to rush to buy chips, coupled with a decrease in miner sell-offs, the price of FOMO tokens experienced a significant increase. The funds we used for bottom-fishing have already doubled in returns. From the distribution of trading volume, the trading volume here has rapidly increased, indicating that there are clearly funds taking over, and the upcoming market still holds promise.

$SUI , as an emerging public chain project, has recently attracted widespread attention from the market. Here are some highlights of SUI's recent developments:

1. **Price Performance**: The price of $SUI has risen by approximately 185% this year and has reached an all-time high. This increase is attributed to the expansion of its DeFi ecosystem and the growth of the stablecoin market. According to DeFillama, the weekly trading volume on Sui chain's DEX has increased by about 50%, reaching $1.45 billion, with the current total locked value (TVL) at $1.182 billion. Driven by the meme coin craze and the launch of USDC on the Sui network, Sui has entered the top ten blockchains in terms of TVL.

2. **DeFi Ecosystem**: Sui's DeFi ecosystem is growing rapidly, with significant increases in on-chain trading volume and TVL. Major DEXs on the Sui chain, such as Turbo Finance, have a TVL close to $30 million, with the total number of accounts exceeding 400,000 and cumulative trading volume surpassing $2.8 billion.

3. **Technical Development**: Sui's technical foundation is very solid. The Move programming language and parallel processing capabilities provide Sui with a distinct advantage in performance. Sui's system design enables parallel protocols on causally independent transactions, categorizing transactions into complex and simple types, which eliminates a key bottleneck found in many blockchains and achieves breakthroughs in scalability.

4. **Institutional Interest**: Institutional interest in Sui is also driving its token price upward. For example, Grayscale previously launched the Sui investment trust fund, providing institutional investors a channel to invest in SUI, further boosting market confidence in SUI.

5. **Market Sentiment**: Market enthusiasm for Sui is high, with observers noting that Sui's rise is a significant marker for the new generation of public chains. This surge in Sui is driven by news, but it is a positive sign for the altcoin sector, indicating that there is still capital and interest in the market.

6. **Unlocking Issues**: Although the token unlocking issue of $SUI has raised some concerns, the market seems to interpret this positively, believing that the unlocked tokens have not exerted significant selling pressure on the market, but rather may become a driving force for price increases.

In summary, the rise of SUI is attributed to its positive performance in several areas, including the DeFi ecosystem, technical development, institutional interest, and market sentiment.

$SUI token unlocking events may trigger a price storm in the cryptocurrency market. Here is an overview of this situation:

1. **Upcoming unlocking events**: The $SUI token has become a hot topic in the crypto market, and as the project progresses, investors have high expectations for its future. However, the upcoming large-scale token unlocking event may have a significant impact on the price of SUI. On November 1, 2024, $SUI will see its first round of unlocking, with a volume of 64.19 million tokens, valued at approximately $133 million. This unlocking volume accounts for 2.32% of the circulating supply of SUI and may have a significant impact on the market supply-demand relationship. Next, on December 1 and January 1, 2025, the same number of tokens will be unlocked. Within three months, more than 190 million SUI will enter market circulation, which will undoubtedly put enormous pressure on the price of SUI.

2. **Sell-off triggered by unlocking**: Historically, token unlocking events are often accompanied by price fluctuations, especially when investors choose to sell off quickly after the unlocking. The upcoming unlocking of SUI may not only be a problem of oversupply. In the face of the impending large unlocks, market participants may adjust their holdings in advance, increasing expectations of short-term sell-off pressure in the market.

3. **Unlocking data overview**:
- Unlock on November 1, 2024: 64.19 million SUI, valued at approximately $133 million.
- Unlock on December 1, 2024: 64.19 million SUI, valued at approximately $133 million.
- Unlock on January 1, 2025: 64.19 million SUI, valued at approximately $133 million.
- Total locked amount: 202 million SUI, accounting for 20.23% of the total supply.
- Amount to be unlocked: 522 million SUI, accounting for 52.17% of the total supply.

These unlocking data indicate that more than half of the SUI tokens are currently still locked, and the unlocking plans in the coming years may continue to exert pressure on market supply.

The urgent updates regarding $SOL , $XRP , and $DOGE are as follows:

1. **Solana ($SOL )**: SOL is currently experiencing a significant increase of 4.32%, with a price of $165.76, showing bullish momentum. To maintain this trend, SOL must break through the $170 mark and close above $175. Failure to achieve this could lead to further price consolidation. Key levels to watch are $160 (support) and $170 (resistance).

2. **Ripple ($XRP )**: XRP shows a moderate increase of 1.89%, with a price of $0.55, reflecting bullish sentiment. To continue advancing in this trend, XRP must break through the $0.56 mark and close above $0.58. Failure to achieve this could lead to further downside. Key levels to watch are $0.54 (support) and $0.56 (resistance).

3. **Dogecoin ($DOGE )**: DOGE is facing slight bearish pressure, down 1.64% to $0.0007454. To reverse this trend, DOGE must break through the $0.001 mark and close above $0.002. Failure to achieve this could lead to further downside. Key levels to watch are $0.0007 (support) and $0.001 (resistance).

Please remember that the cryptocurrency market is highly volatile, and thorough research and risk assessment should be conducted before investing.

2025 Cryptocurrency Price Predictions: What Do Experts Think?
The cryptocurrency market is known for its extreme volatility, but experts have made some bold predictions for 2025. Four cryptocurrencies that are in the spotlight—Dogecoin ($DOGE ), Shiba Inu ($SHIB ), Pepe ($PEPE ), and Floki Inu ($FLOKI)—are expected to experience significant price fluctuations.

Dogecoin ($DOGE ): Potential for 500% Growth
Experts predict that Dogecoin's price could soar to $0.20 to $0.30 in 2025, thanks to its widespread public acceptance and the establishment of strategic partnerships. This represents a potential 500% increase from the current price.

Shiba Inu ($SHIB ): Growth Driven by Shibarium
Shiba Inu's price is expected to reach $0.000015 to $0.000030, primarily driven by ecosystem developments like Shibarium. This decentralized platform aims to enhance scalability and usability.

Pepe ($PEPE ): Volatility Dominates
Pepe's price is highly speculative, with price fluctuations ranging from $0.000001 to $0.00001. Investors should exercise caution when investing.

Floki Inu ($FLOKI): Success Driven by NFT and DeFi
If Floki Inu’s NFT and DeFi plans are successful, its price could reach $0.0001, marking a significant increase.

Investor Warning: Research and Caution
While these predictions sound appealing, conducting thorough research before investing is crucial. Market conditions can change rapidly, and these predictions are speculative.

Stay Informed, Stay Wise
Investors should continuously monitor market trends, developments, and expert analyses to make informed decisions.

Remember, investing in cryptocurrency carries risks. Always prioritize research and caution.

Investing in Dogecoin ($DOGE ) is an opportunity worth considering in the current rapidly changing cryptocurrency market. Here are several reasons why you should think about adding Dogecoin to your investment portfolio:

1. Strong Community Support
Dogecoin has one of the most active and engaged communities in the cryptocurrency space. Such a strong community often indicates sustained interest and potential price stability.

2. Celebrity Effect
Influential figures, such as Elon Musk, have repeatedly brought Dogecoin into the public eye with their support. His recent comments and public endorsements have led to significant price increases for Dogecoin, showcasing how celebrity influence can shape market dynamics. With Musk's continued involvement, Dogecoin remains highly popular, regularly attracting new investors.

3. Growing Acceptance
An increasing number of brands and merchants are starting to accept Dogecoin as a form of payment, including well-known companies like Tesla and Gucci. This growing acceptance enhances Dogecoin’s practicality for everyday transactions, rather than just being an internet meme coin.

4. Recent Market Performance
Dogecoin has shown strong recent market performance, with analysts predicting it will continue to maintain good momentum. In 2024, Dogecoin has already achieved considerable gains, becoming one of the best-performing cryptocurrencies of the year. Many believe that as the crypto market recovers, Dogecoin will see further growth.

5. Easy to Access and Affordable
The price of each Dogecoin is about $0.14, making it an affordable option for new investors looking to try cryptocurrency investing without taking on too much risk. This low barrier to entry makes Dogecoin an attractive choice for investors looking to diversify their portfolios.

Important BTC Update!

As we have observed, $BTC continues to decline, and I don’t believe it will reach $69,000 again this weekend. The main reason is that traders are only focused on the downside of BTC in long trades, and they have not taken any action. I believe that in 1 hour and 30 minutes, they must stop long trading, and those who are in long trades are only aiming for success. You have seen that my last price analysis was about 90% close to my viewpoint.

When $BTC rises, I see many people saying it will reach $70,000-$72,000, but I predict that BTC will not touch $70,000 before dropping to $65,000, currently close to $66,500. So, dear friends, please respect everyone’s opinions.

There are many reasons for the decline; about 70-80% of traders are in long trades, many traders have been liquidated and are close to stop-loss. With elections approaching, the U.S. economy is currently unstable, making this a very tough time for cryptocurrencies. In the past 24 hours, it has dropped over 60%, the fear index is very high, many buyers have stopped trading, and now the selling pressure is very strong. The request for the Fed to cut interest rates is still pending, possibly to be approved after the elections, and many countries are in a state of war. These factors and news have negatively impacted the cryptocurrency market and stock market. If the U.S. stock market crashes, the crypto market will crash as well due to a lack of trust.

Here you can open a short position and make some profit; if $BTC approaches $65,000-$66,000, then stop this long trade, with a stop-loss set at $69,500 (based on market conditions, BTC has never touched this point), so having a stop-loss for each trade is necessary.

Open short positions between $612-$615 for BNB, with a stop-loss set at $620 and a profit target below $590.

Although Dogecoin ($DOGE ) has seen a slowdown in its upward momentum, its current price is $0.1459, and it has still achieved a 2.03% increase in the past 24 hours, with a cumulative increase of 29.23% over the past seven days. This wave of increase is closely related to Elon Musk's comments, as he has expressed his fondness for Dogecoin's sense of humor and often jokes about Dogecoin on Twitter, reflecting his personal preferences.

Musk has recently strengthened his political ties with former President Trump, having donated $75 million to Trump's campaign, which has fueled speculation that if Trump is elected again, he may implement cryptocurrency-friendly policies. Additionally, Musk has supported pro-cryptocurrency lawyer John Deaton in his Senate campaign, further demonstrating his support for cryptocurrency.

In August this year, when asked if he would lead an imaginary government department, Musk humorously replied “D.O.G.E.”, which drew market attention to Dogecoin. Musk has repeatedly mentioned that Dogecoin would trigger price fluctuations, which has become a recurring phenomenon.

Since Dogecoin's market value peaked at $88 billion in 2021, the coin has experienced multiple fluctuations. In March 2024, as Bitcoin surged due to ETF approvals, Dogecoin also rebounded to $0.22. Despite a 10% drop in June due to concerns over rising interest rates, recent bullish trends show that investor interest in Dogecoin is on the rise.

The current gameplay in the cryptocurrency world seems to have reached its end.

Firstly, there is no new capital flowing into the market; all new funds are directed towards Bitcoin ETFs. Meanwhile, the daily trading volume in the A-share market reaches two trillion, indicating abundant liquidity.

Secondly, the unlimited issuance of $MEME coins occurs at a pace that even makes the Federal Reserve's money printing speed look slow. Although the A-share market is often criticized for harvesting retail investors, in reality, there are only over 5,000 stocks in the A-share market, while the cryptocurrency world has millions of coins, with tens of thousands of new $MEME coins created every day.

Finally, the circulation rate of coins supported by venture capital is very low, yet there are unlimited reduction behaviors, such as projects like forked Bitcoin and WLD.

The current cryptocurrency world has transformed into a game of mutual competition among on-site funds, almost indistinguishable from fraudulent schemes.

At the beginning and end of the bull market, the outbreak of $MEME coins usually has a very strong appeal. What Meme coins need most is popularity, and Bome has always been at the forefront of the popularity list. When Senge recommended Bome before, the market response was not good, and many people were trapped. I also sold it around June.

But why did I start recommending $BOME recently? Why did I choose to build a position in Bome again? The reason is that Bome has been in a downward trend since it went online in March this year. After more than 200 days of washing, the second wave of the market seems to be about to start. From the candlestick chart, the price level of $0.0085 provides some support, so it is a good time to choose to build a position at this price level.

If Bome can close with a positive line next week, it is expected that there may be a considerable wave of gains. Therefore, investors can pay close attention to the dynamics of Bome.

When analyzing the layout opportunities of the entire $MEME coin sector, the following points can be considered:

1. **$BOME , MEME, BANANA**: The prices of these Meme coins have reached a fairly high level, so investors may need to wait for the reincarnation of the entire sector to find the next opportunity to enter the market.

2. **TURBO, MEW, BABADOGE, NEIRO**: These coins have attracted the attention of many players after they were listed on a certain exchange some time ago. Although they are currently at a relatively high price, they have attracted widespread attention from the market.

3. **BONK and DOGS**: Compared with other Meme coins, BONK and DOGS have had relatively small increases before. In particular, $DOGS , driven by the current bull market, has a trend of rising with the trend, and is likely to rise in the short term.

4. **PEPE, FLOKI, DOGS**: As the leaders of the Meme coin sector, the performance of these coins is relatively stable. As the subsequent elections proceed and the influence of key opinion leaders (KOLs) remains, it is expected to further drive the market sentiment of the altcoin season, which may exacerbate the market's improvement.

In general, some coins in the Meme coin sector are already at a high position, while others show great potential. Investors should pay close attention to market dynamics and external factors that may affect the prices of these coins when considering layout.

There is some confusion about whether a $1.4 trillion company is investing in Shiba Inu ($SHIB ) or Bitcoin ($BTC ). In fact, it was Bitcoin that recently surpassed $1.4 trillion in market cap, a figure that even exceeds the total market cap of silver. The surge in Bitcoin prices has been driven by increased institutional demand, especially the newly launched Bitcoin ETFs, which have attracted a lot of attention from major asset managers such as BlackRock and Fidelity. However, there is no direct news that a $1.4 trillion company is specifically buying Shiba Inu or Bitcoin.

As for Shiba Inu, it is making strategic moves such as a major partnership with the International Indian Film Academy (IIFA) to drive its ecosystem and technology adoption. The partnership is part of its long-term goal of attracting 1 billion users.

BlackRock's stock continued to rise today, while the price of Bitcoin ($BTC ) also rose slightly. BTC spot exchange-traded funds (ETFs) maintain a large-scale purchase volume every day. As mentioned yesterday, there is no need to worry too much about who bought the spot ETF and whether the purpose of the purchase was for hedging. The most important thing is that these purchased ETFs still hold positions, which directly reduces the selling pressure in the market.

Data shows that institutions that buy spot ETFs are not selling in large quantities. From a weekly perspective, the number of BTC held by ETFs continues to increase, which means that the net inflow is greater than the net outflow. In other words, the buying volume is greater than the selling volume. Even the neutral funds of hedge funds, as long as they are not sold after buying, reduce the number of BTC circulating in the market in the short term, by about 957,000. This is the most direct and practical data.

Although we cannot predict when this part of the holdings will leave the market and the risks that may be brought about when leaving the market, at least there is no such sign at present, so there is no need to worry too much.

Judging from the BTC data, there is not much change. The large number of turnovers are mainly short-term holdings of $BTC , especially those who have made profits between $64,000 and $67,000. Early investors and those who have lost money are still holding, which shows that they have not chosen to leave because of the high price.

It should be noted that every time the price of $BTC exceeds $69,000, investors' emotions will become too excited, and they are worried that the price will hit a new high, which will trigger a fear of heights. At present, the support between $64,000 and $69,000 is still very solid, and the chip cleaning below $60,000 is also nearly completed. If there is no actual bad news, $60,000 may be the best bottoming price. It is not clear how much the price can rise in the future, but as long as the trend continues and there is no recession, the market performance in the fourth quarter is very worth looking forward to.

Bitcoin ($BTC ) hit a new high again in overnight trading. After hitting $69,000, the price fell back and is currently fluctuating around $68,315.

From the 1-hour chart, the bottom support level is indeed gradually rising, and the MA15 (15-period moving average) and the middle track of the Bollinger Band are both rising. Although the fast and slow lines of the MACD indicator are closing, a dead cross has not yet formed. It is expected that the BTC price will have a chance to hit more than $69,000 again. However, it cannot be ruled out that the weekend market may continue to fluctuate, which is not uncommon in the market.

If the price pulls back, it is more appropriate to enter the market near the MA15 and the middle track of the Bollinger Band on the 4-hour chart. At the same time, the lower track of the Bollinger Band has also begun to rise, and the MA60 (60-period moving average) has also rushed to the lower track of the Bollinger Band, approaching $67,000. The MACD indicator is still weak below the 0 axis, and the fast and slow lines have not formed a golden cross after closing. It seems that the market needs further expansion. Therefore, if the short-term market rises again, it is recommended to consider entering the market to short.

The operation strategy on Saturday morning is as follows:
- $BTC : If the price falls back to the range of 67700-67400 US dollars, you can consider going long, with the target at 69300 US dollars.
- $ETH : The operation strategy can be synchronized with BTC.

In the cryptocurrency market, the recent price surge of Bitcoin ($BTC ) has attracted a lot of attention, while the potential rebound of Ethereum ($ETH ) has also attracted considerable attention from market analysts and investors. While there are concerns that ETH may not perform as well as expected in the current market cycle, Ethereum’s recent price dynamics have shown some positive signs that may indicate an upcoming price breakout.

Ethereum is currently in a bullish pattern, and if it can break out of it, it could see significant gains in the coming weeks. As Bitcoin performs strongly and market momentum builds, ETH may follow suit, opening up new profit opportunities and possibly marking the beginning of an altcoin rally.

Investors are closely watching whether Ethereum can break out of its current consolidation and start rising higher. Ethereum remains one of the most talked-about assets on the market, and whether it can break out and rise higher will be crucial to market sentiment.

Analyst Runefelt pointed out that the formation of an ascending triangle is usually a bullish signal. If Ethereum can successfully break out of this pattern, a rapid surge to $2,870 could be within reach. This price level is a key target for Ethereum and not only signals strong upward momentum, but also indicates that altcoins are catching up to Bitcoin’s recent performance.

However, if Ethereum fails to break above current resistance levels, it may continue to trade sideways. In this case, Ethereum could be stuck in consolidation for an extended period of time, which could be a setback for investors anticipating a rebound.

Despite these risks, market conditions appear to be favorable for a potential breakout for Ethereum. Analysts are paying close attention, predicting that Ethereum’s rising moment may be coming, bringing new upward momentum to the market. For bulls to regain momentum, Ethereum needs to break above current price and reclaim the 200-day exponential moving average (EMA) at $2,800. This important level would signal that ETH is back on track for further gains, potentially matching Bitcoin’s recent gains.

However, if Ethereum fails to break above this key resistance level and reclaim the 200-day EMA, it may enter a sideways consolidation phase.

Recently, the price of Dogecoin ($DOGE ) has indeed seen a wave of increases, with an increase of about 35% and a price of $0.145, which has made the originally quiet Dogecoin a hot spot in the market again, attracting widespread attention and excitement from investors. However, it should be noted that this round of Dogecoin's rise may be related to a tweet posted by Musk on Twitter, which mentioned "D.O.G.E.", which was interpreted by the market as a hint of Dogecoin, thus triggering market speculation.

From the perspective of technical analysis, the price increase of Dogecoin is essentially driven by funds. Although Musk has called for Dogecoin on social media, this has not been accompanied by substantial capital inflows. Therefore, the current price increase may be more of an opportunity to reduce holdings brought about by good news. At present, the price of Dogecoin is close to the previous high, and the possibility of a correction in the short term is relatively high. For investors who have already participated in the market, remember to take profits and leave at the right time to avoid possible risks.

In addition, from the overall situation of the market, the trading volume and market value of Dogecoin have also increased. According to CoinLore data, Dogecoin's market capitalization ranking has entered the top ten, and its 24-hour trading volume has also increased significantly. However, this kind of price increase driven by social media is often accompanied by higher volatility and uncertainty, so investors need to be cautious when participating, pay close attention to market dynamics, and do a good job of risk management.

In less than two years, SUI has processed more than 6 billion transactions, a number that is very significant:

1. **Bitcoin ($BTC )**: It won’t be until 2023 that Bitcoin processed 1 billion transactions.

2. **Ethereum ($ETH )**: The Ethereum network, including all transaction types, such as native Ethereum (ETH) and various ERC20 tokens, took nearly 9 years to process more than 2 billion transactions trade.

3. **Solana ($SOL )**: SUI’s transaction speed is 12 times faster compared to SOL.

This comparison shows SUI’s significant advantage in transaction processing capabilities, which is a good reason why SUI is expected to take the lead in the current bull market.

Altcoins have finally ushered in their take-off moment, and the market volatility in the past two days has been exciting. Bitcoin ($BTC ) has experienced dramatic ups and downs, which has brought retail investors' emotions to an extreme, with panic and hope intertwined. Encouragingly, BTC has steadily risen in this turmoil, like a wild bull that has run away from its reins, rekindling market confidence. Recently, BTC has been fluctuating sideways between $68,000 and $70,000, providing a great opportunity for altcoins to rise. There are more and more obvious signs of hot money intervening and pulling up altcoins, ready for large-scale harvesting.

From the daily chart, it seems to be only a matter of time before $BTC breaks through $68,450. The candlestick chart shows that the dealer intends to continue to push prices to new highs. The current upper pressure level is between $70,000 and $72,000, while the lower support level is around $68,000 to $66,000. The MACD indicator gradually rises, suggesting that market risks may break out at any time. This technical change reminds us to be vigilant about the potential market trends.

The four-hour chart shows that $BTC is currently in a small correction, with relatively small trading volume, and an overall small fluctuation trend. However, the continuous top divergence pattern indicates that the upward momentum is weakening and market risks may appear at any time. This technical signal makes me cautiously optimistic about the trend of BTC in the short term.

Observing the long-short position ratio of Binance, it is found that the number of bears has reached the limit. This means that the market's short-side power is saturated, and the dealer may quickly raise the price, force the short side, and then quickly turn downward to bloody harvest the long positions. This operation strategy is not uncommon in the market, so it is particularly important to operate cautiously in the current market environment.

If you want to trade, it is recommended to open a short position near US$68,000, provided that the margin is sufficient and can withstand fluctuations for up to ten days. Although this strategy is risky, if it is operated properly, it will definitely capture a big market. However, I always think that once BTC reaches around $72,000, it will be the high point of this fluctuation, and then there may be a sharp drop and a bloody harvest.

The market dynamics of Bitcoin ($BTC ) are as follows:

1. **Price Dynamics**: Yesterday, the price of $BTC returned to around $70,000, which was the sixth test of this important psychological barrier. Although it is uncertain whether it can be successfully broken through this time, it is certain that if it fails to break through this time, it is unlikely to have a sharp correction again. If the market performs generally, it may fluctuate between $64,000 and $70,000; if the market performs well, it may fluctuate between $66,000 and $70,000.

2. **Daily Chart Analysis**: From the daily chart, BTC closed a medium-sized positive line with an upper shadow yesterday. Although the performance is not very strong, it is already a relatively good situation. There was no rapid rise or decline yesterday, which shows that the selling pressure near $70,000 has been digested by the market. Therefore, $70,000 is now more of a psychological barrier. Once funds push, the price can easily break through this level.

3. **Moving average indicator**: From the moving average indicator, the price of $BTC is currently above all moving averages, which suggests that the market is ready to form an upward momentum.