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GM GM - UPDATE PORT TODAY
- $SUI continues to push today and is still bullish, I think the shorts are about to breathe with SUI.
Anyone who holds SUI and $APT with me will get it without much hesitation. $SUI Tuong shared from 0.5x-0.6$ to 1$, ping brothers holding up must have increased quite a bit, so I ask not to fomo $SUI anymore.
$STRK: This lol is so heavy :( everyone flies but it's like a statue, the profit is not very stable, buy 0.36x until now. Break out of the accumulation meeting is beautiful
$ZRO: Hold tight because the nature of $ZRO bridge is important this season, solving many problems and there are also some eco BTC.
----
TRADE $NFP - $ALT - $ETHFI
- $ALT is still running a beautiful Trade wave, wanting to x2, so anyone who trades $ALT likes to close this one, I'll surf, not hold because I'm following the wave Restaking $Eigen list
- $AAVE: Personally, I think anyone who buys at a good price can hold on and can go up to around $2xx, which is more than enough this time. $RDNT will pull this wave according to the expectation of maybe 0.077-0.06x
#btc #eth
- $SUI continues to push today and is still bullish, I think the shorts are about to breathe with SUI.
Anyone who holds SUI and $APT with me will get it without much hesitation. $SUI Tuong shared from 0.5x-0.6$ to 1$, ping brothers holding up must have increased quite a bit, so I ask not to fomo $SUI anymore.
$STRK: This lol is so heavy :( everyone flies but it's like a statue, the profit is not very stable, buy 0.36x until now. Break out of the accumulation meeting is beautiful
$ZRO: Hold tight because the nature of $ZRO bridge is important this season, solving many problems and there are also some eco BTC.
----
TRADE $NFP - $ALT - $ETHFI
- $ALT is still running a beautiful Trade wave, wanting to x2, so anyone who trades $ALT likes to close this one, I'll surf, not hold because I'm following the wave Restaking $Eigen list
- $AAVE: Personally, I think anyone who buys at a good price can hold on and can go up to around $2xx, which is more than enough this time. $RDNT will pull this wave according to the expectation of maybe 0.077-0.06x
#btc #eth
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After the fairly stable recovery of #Altcoin , I see that the L2 niche is still too sluggish and seems to be lagging behind the new Altcoins that are continuously being launched on the market!
It can be said that L2 is currently in a state of saturation.
I see that most people at present are expecting L2s like $OP, $ARB, $STRK, $ZK,... to increase strongly.
- Layer 2 is being hyped too much by users. During the period when Q2 liquidity is being tightened, MC L2 is larger than the current liquidity.
- Retailers are too crowded, looking at the token release rounds, Fund + MM has a fairly high ROI.
- The amount of tokens collected is still weak compared to the amount of tokens MM dep on the exchange.
Potential items like $ARB, $STRK, $ZK all have quite weak ROI and have not shown much in the past time. Personally, I still have high expectations for the breakthrough of $OP in the coming period because basically, currently, $OP is not only l2 but is gradually moving to l1 and has enough reasons to compare with the big l1s in the current market.
The possibility that about 2-3 months before the update schedule, Layer 2 may have a strong wave. Everyone observes the previous $ETH update waves and then time yourself.
Personally, I still allocate Layer 2 and am quite bullish but only at a certain proportion and I prioritize many other big trends this season such as AI or Rwa.
Basically, holding l2 means having to endure the feeling of price suppression and torture from MM, guys.
#btc #eth
It can be said that L2 is currently in a state of saturation.
I see that most people at present are expecting L2s like $OP, $ARB, $STRK, $ZK,... to increase strongly.
- Layer 2 is being hyped too much by users. During the period when Q2 liquidity is being tightened, MC L2 is larger than the current liquidity.
- Retailers are too crowded, looking at the token release rounds, Fund + MM has a fairly high ROI.
- The amount of tokens collected is still weak compared to the amount of tokens MM dep on the exchange.
Potential items like $ARB, $STRK, $ZK all have quite weak ROI and have not shown much in the past time. Personally, I still have high expectations for the breakthrough of $OP in the coming period because basically, currently, $OP is not only l2 but is gradually moving to l1 and has enough reasons to compare with the big l1s in the current market.
The possibility that about 2-3 months before the update schedule, Layer 2 may have a strong wave. Everyone observes the previous $ETH update waves and then time yourself.
Personally, I still allocate Layer 2 and am quite bullish but only at a certain proportion and I prioritize many other big trends this season such as AI or Rwa.
Basically, holding l2 means having to endure the feeling of price suppression and torture from MM, guys.
#btc #eth
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Layer-1 I think the most reasonable and delicious price at the moment is $SUI
SUI has low fees, fast transactions, large TVL, proving to have real strength.
VC goods are top tier 1 a16z but priced quite low compared to other layer-1 platforms at the moment.
At this point, just buy top VCs goods, that's the best.
If there's a good one, repeat it many times, buy it before it increases, then crow, not like those who curse at first, then increase later, then suck at the analysis
#BTC #SUI
SUI has low fees, fast transactions, large TVL, proving to have real strength.
VC goods are top tier 1 a16z but priced quite low compared to other layer-1 platforms at the moment.
At this point, just buy top VCs goods, that's the best.
If there's a good one, repeat it many times, buy it before it increases, then crow, not like those who curse at first, then increase later, then suck at the analysis
#BTC #SUI
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🔥
Crypto weekly (16/09 – 22/09): Market surges after Fed cuts interest rates
🔥
⚒
Let's review the important news of the past week with #Coin !
1. The Fed decided to cut interest rates by 0.5 points for the first time in more than 4 years, causing the price of#Bitcointo recover to $64,000
2. #Binance listed a series of memecoins #BabyDoge, #TURBO, and #NEIRO. NEIRO immediately increased 20 times after this announcement.
3.#MicroStrategyraised $1 billion through a bond sale to buy nearly $500 million more in Bitcoin
4. Donald#Trumpused Bitcoin for the first time to pay for a hamburger.
5.#BingXexchange hacked, $43 million in losses
6.#HamsterKombatannounces#HMSTRairdrop and listing on exchanges, causing outrage among the community
#BTC #ETH
Crypto weekly (16/09 – 22/09): Market surges after Fed cuts interest rates
🔥
⚒
Let's review the important news of the past week with #Coin !
1. The Fed decided to cut interest rates by 0.5 points for the first time in more than 4 years, causing the price of#Bitcointo recover to $64,000
2. #Binance listed a series of memecoins #BabyDoge, #TURBO, and #NEIRO. NEIRO immediately increased 20 times after this announcement.
3.#MicroStrategyraised $1 billion through a bond sale to buy nearly $500 million more in Bitcoin
4. Donald#Trumpused Bitcoin for the first time to pay for a hamburger.
5.#BingXexchange hacked, $43 million in losses
6.#HamsterKombatannounces#HMSTRairdrop and listing on exchanges, causing outrage among the community
#BTC #ETH
See original
Early morning of the week $BTC green ripe but looking at Total3, I was surprised, guys
Chart D1 has completely broken out of the trendline and is moving up to the resistance above the 650 billion area.
However, Total2 (including $ETH has not broken yet
Does this reflect that currently other L1 L2 ecosystems such as $TON, $SUI $SOL are doing better than $ETH?
Is it possible that this year's#DeFiseason will belong to other ecosystems and not where it once exploded, guys?
#btc #eth
Chart D1 has completely broken out of the trendline and is moving up to the resistance above the 650 billion area.
However, Total2 (including $ETH has not broken yet
Does this reflect that currently other L1 L2 ecosystems such as $TON, $SUI $SOL are doing better than $ETH?
Is it possible that this year's#DeFiseason will belong to other ecosystems and not where it once exploded, guys?
#btc #eth
See original
Currently, although the money supply has reached ATH, liquidity has not really flowed to #Crypto .
Currently, people are still prioritizing safe assets rather than gold for storage.
Gold always increases, so when there is a buying adjustment, there will be profit later, not risk like Crypto
M2 and gold are quite strongly correlated -> strengthening the role of gold as a hedge against recession and an uncertain economy.
With the current uncertain macro situation, in Crypto, people are also retreating to stable assets -> recently Stablecoin.D has started to increase.
Currently, most people are quite defensive and Crypto will accumulate and grow when investor sentiment begins to change.
However, these are only short-term fluctuations because basically $BTC has also been compressed for quite a long time.
So in the long term, $BTC
will recover to normal and the game will slowly reset
please keep your cool and don't rush into fomo
#btc #Write2Win
Currently, people are still prioritizing safe assets rather than gold for storage.
Gold always increases, so when there is a buying adjustment, there will be profit later, not risk like Crypto
M2 and gold are quite strongly correlated -> strengthening the role of gold as a hedge against recession and an uncertain economy.
With the current uncertain macro situation, in Crypto, people are also retreating to stable assets -> recently Stablecoin.D has started to increase.
Currently, most people are quite defensive and Crypto will accumulate and grow when investor sentiment begins to change.
However, these are only short-term fluctuations because basically $BTC has also been compressed for quite a long time.
So in the long term, $BTC
will recover to normal and the game will slowly reset
please keep your cool and don't rush into fomo
#btc #Write2Win
See original
$BTC has been increasing for a while now. It's time to see $ETH's turn
I see it's been suppressed for a long time. It's time to unchain it. If $ETH is pushed harder by MM than $BTC , then there will be a chance to pump the suppressed coins, guys
For example, $OP, $STRK, $ETHFI. Running very slowly. Hopefully today or tomorrow, $ETH will be strongly pumped
The market has been increasing for nearly 2 weeks but I don't see many guys mentioning or discussing much. Maybe because they are bored or waiting for $BTC below
I still believe that 2025 will be an Uptrend, guys, be prepared and be active
I see it's been suppressed for a long time. It's time to unchain it. If $ETH is pushed harder by MM than $BTC , then there will be a chance to pump the suppressed coins, guys
For example, $OP, $STRK, $ETHFI. Running very slowly. Hopefully today or tomorrow, $ETH will be strongly pumped
The market has been increasing for nearly 2 weeks but I don't see many guys mentioning or discussing much. Maybe because they are bored or waiting for $BTC below
I still believe that 2025 will be an Uptrend, guys, be prepared and be active
See original
📣📣
Update $BTC BTC September 20
✅
Currently, BTC price is in the 63,500 area, I see that the upward force is still there and the liquidity in the 64-65k area is still high
It is best for you to keep an eye on Short in the 64-65k area and Long in the 63,000 area to optimize the profit
Tonight, there is a possibility that $BTC will sweep one more time in the upper area before looking for liquidity in the lower area.
#Write2Win #btc
Update $BTC BTC September 20
✅
Currently, BTC price is in the 63,500 area, I see that the upward force is still there and the liquidity in the 64-65k area is still high
It is best for you to keep an eye on Short in the 64-65k area and Long in the 63,000 area to optimize the profit
Tonight, there is a possibility that $BTC will sweep one more time in the upper area before looking for liquidity in the lower area.
#Write2Win #btc
See original
$Dogs vs $CATI ae which one should I choose?
$Dogs has gone exactly as I predicted when it was first listed on the exchange.
The reason why it was able to push a little more after listing is because the game delayed the transfer of tokens from Tele wallet to the exchange so that the CREATOR could take advantage of the opportunity to increase the price and sell off some of the goods.
With the#airdropgoods mostly for the community, the trend after listing will be to sell off.
$Cati, according to my preliminary assessment, is likely to increase the price after listing on the exchange.
Don't compare Dogs with Cati. Dogs has no products -> No source of revenue from users. As for $Cati, it's the opposite, it must be said that this is the most blood-sucking goods of the #TON system.
So no matter what, it's still much better than $Dogs.
P/s: This is just a personal opinion, not investment advice.
$Dogs has gone exactly as I predicted when it was first listed on the exchange.
The reason why it was able to push a little more after listing is because the game delayed the transfer of tokens from Tele wallet to the exchange so that the CREATOR could take advantage of the opportunity to increase the price and sell off some of the goods.
With the#airdropgoods mostly for the community, the trend after listing will be to sell off.
$Cati, according to my preliminary assessment, is likely to increase the price after listing on the exchange.
Don't compare Dogs with Cati. Dogs has no products -> No source of revenue from users. As for $Cati, it's the opposite, it must be said that this is the most blood-sucking goods of the #TON system.
So no matter what, it's still much better than $Dogs.
P/s: This is just a personal opinion, not investment advice.
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$TIA is already +60%, swap to $JTO at this point is good
♻️
I am an investor, not a project developer, so I only prioritize analyzing tokenomics, bookmakers, ... not analyzing technology
If you have the same style, I think $JTO is not a bad choice
Advantages
✨
- Nice tokenomics, extremely low inflation, only airdrop selling force (insignificant)
- Mid-range cap is not too big ~250M$
- Early December will unlock a large amount of tokens, the scenario of pushing 1 month before unlocking is completely feasible to get liquidity for VCS and the selling team
- Nice chart, sw long enough and has broken the trend line of frame D
- Sol eco is also quite strong, there are a few SOL ones starting to pump
❇️
Special: Timing $JTO will pump before December, the pump wave will come around mid-October, early November. Those who buy will not be afraid of having their capital buried (because I will cut before December at all costs)
The only disadvantage JTO encounters is probably the fund position is x45 times
Entry now - gradually spread 2$
STL: old bottom broken
TP: 4$-6$-12$
#btc #Write2Win
♻️
I am an investor, not a project developer, so I only prioritize analyzing tokenomics, bookmakers, ... not analyzing technology
If you have the same style, I think $JTO is not a bad choice
Advantages
✨
- Nice tokenomics, extremely low inflation, only airdrop selling force (insignificant)
- Mid-range cap is not too big ~250M$
- Early December will unlock a large amount of tokens, the scenario of pushing 1 month before unlocking is completely feasible to get liquidity for VCS and the selling team
- Nice chart, sw long enough and has broken the trend line of frame D
- Sol eco is also quite strong, there are a few SOL ones starting to pump
❇️
Special: Timing $JTO will pump before December, the pump wave will come around mid-October, early November. Those who buy will not be afraid of having their capital buried (because I will cut before December at all costs)
The only disadvantage JTO encounters is probably the fund position is x45 times
Entry now - gradually spread 2$
STL: old bottom broken
TP: 4$-6$-12$
#btc #Write2Win
See original
$NEAR is a L1-built product, with the initial focus on developing an efficient, scalable, and easy-to-use platform for developers and users.
$NEAR has gradually joined new technology trends, including incorporating AI into hst -> Taking advantage of the growth of AI to integrate smart solutions in dApps and hst => Increasing applicability and bringing real value to hst.
The TVL of this product is quite high -> Users lock tokens to enjoy quite a lot of APY.
The backers are also quite strong: Coinbase Ventures, a16z, DragonFly Capital,...
Tokenomics is mainly in the hands of the team and VCs through fundraising rounds. This product also has small unlocking periods lasting until October 2025.
Inflation in the NEAR system Includes payments to validators and protocol reserves, after deducting transaction fees and token burning mechanisms such as domain auctions. The maximum inflation rate is 5%/year, but can be reduced if there are many transaction fees burned. In the case of enough fees burned, inflation can even be negative, meaning the total supply of $NEAR decreases, instead of increasing.
=> The possibility of this item pushing is very high.
Do you see the chart of NEAR Similar to the early stage of $BTC? Accumulate and pump.
$NEAR has gradually joined new technology trends, including incorporating AI into hst -> Taking advantage of the growth of AI to integrate smart solutions in dApps and hst => Increasing applicability and bringing real value to hst.
The TVL of this product is quite high -> Users lock tokens to enjoy quite a lot of APY.
The backers are also quite strong: Coinbase Ventures, a16z, DragonFly Capital,...
Tokenomics is mainly in the hands of the team and VCs through fundraising rounds. This product also has small unlocking periods lasting until October 2025.
Inflation in the NEAR system Includes payments to validators and protocol reserves, after deducting transaction fees and token burning mechanisms such as domain auctions. The maximum inflation rate is 5%/year, but can be reduced if there are many transaction fees burned. In the case of enough fees burned, inflation can even be negative, meaning the total supply of $NEAR decreases, instead of increasing.
=> The possibility of this item pushing is very high.
Do you see the chart of NEAR Similar to the early stage of $BTC? Accumulate and pump.
See original
$BTC will break 73K soon !!
In the previous article, I analyzed quite carefully about BTC reaching the $67k mark this month when $BTC was sideways forming a bottom around the 54-58k area.
It can be seen that the long-term BTC trend is still a good growth trend. The fact that BTC did not break the MA52 line is also quite certain that BTC will go up from this step and go further.
The special thing is that I am quite confident that BTC will go far in the near future !!
- The BTC bullish structure is forming more clearly at $63k but the funding rate is negative for the 3rd consecutive week, that is, at the $BTC 63k area, many people are placing short orders from here, this is also the point I am confident.
- BTC pushing the price up to kill all the short teams is certain to happen. You can look back at the past.
so in this section I will wait for another correction of ALTs to allin for the upcoming super cycle wave.
invest based on many factors, not 1-2 smooth predictions, guys
#Write2Win
In the previous article, I analyzed quite carefully about BTC reaching the $67k mark this month when $BTC was sideways forming a bottom around the 54-58k area.
It can be seen that the long-term BTC trend is still a good growth trend. The fact that BTC did not break the MA52 line is also quite certain that BTC will go up from this step and go further.
The special thing is that I am quite confident that BTC will go far in the near future !!
- The BTC bullish structure is forming more clearly at $63k but the funding rate is negative for the 3rd consecutive week, that is, at the $BTC 63k area, many people are placing short orders from here, this is also the point I am confident.
- BTC pushing the price up to kill all the short teams is certain to happen. You can look back at the past.
so in this section I will wait for another correction of ALTs to allin for the upcoming super cycle wave.
invest based on many factors, not 1-2 smooth predictions, guys
#Write2Win
See original
There are some notes in this paragraph:
- $BTC and the market is rising -> Liquidity is increasing -> Money is flowing in
- According to the 4-year cycle, the market will peak in October 2025, but if the economic situation worsens faster than expected, it will peak earlier but still in 2025 to maintain the cycle.
- Liquidity is an extremely important factor in the financial cycle. Liquidity refers to the flow of money injected into the market by central banks, and when liquidity increases, the value of financial assets also increases.
- Since the 2008 crisis, governments have continuously injected liquidity to solve public debt and save the economy. This leads to currency devaluation, but at the same time creates conditions for assets such as stocks and crypto to increase in price.
- The economic cycle is entering a positive phase with interest rates falling and liquidity increasing. When interest rates decrease, businesses and people can borrow money more easily, increasing spending and investment capacity, promoting economic growth.
- Altcoins that are held should be kept in cold wallets or hot wallets, and should not be placed on exchanges, as exchanges are only for trading, not for holding.
- There should be a strategy with a lock in the upcoming period
#btc #eth
- $BTC and the market is rising -> Liquidity is increasing -> Money is flowing in
- According to the 4-year cycle, the market will peak in October 2025, but if the economic situation worsens faster than expected, it will peak earlier but still in 2025 to maintain the cycle.
- Liquidity is an extremely important factor in the financial cycle. Liquidity refers to the flow of money injected into the market by central banks, and when liquidity increases, the value of financial assets also increases.
- Since the 2008 crisis, governments have continuously injected liquidity to solve public debt and save the economy. This leads to currency devaluation, but at the same time creates conditions for assets such as stocks and crypto to increase in price.
- The economic cycle is entering a positive phase with interest rates falling and liquidity increasing. When interest rates decrease, businesses and people can borrow money more easily, increasing spending and investment capacity, promoting economic growth.
- Altcoins that are held should be kept in cold wallets or hot wallets, and should not be placed on exchanges, as exchanges are only for trading, not for holding.
- There should be a strategy with a lock in the upcoming period
#btc #eth
See original
$SUI increased to the ceiling, outperforming the whole market this week!
This is proof that anything can happen in this market
While the market is down, who would have thought that a coin with a cap of several billion would grow x2 to the old peak in 1 week
This is not yet in the uptrend when the cash flow after the interest rate reduction needs time to gradually absorb
This section is back to the old peak that collapsed the day before, if you just know, don't hang around at this price for now, if you do, wait for an adjustment to the $1 area to catch it again better
#btc #eth
This is proof that anything can happen in this market
While the market is down, who would have thought that a coin with a cap of several billion would grow x2 to the old peak in 1 week
This is not yet in the uptrend when the cash flow after the interest rate reduction needs time to gradually absorb
This section is back to the old peak that collapsed the day before, if you just know, don't hang around at this price for now, if you do, wait for an adjustment to the $1 area to catch it again better
#btc #eth
See original
$BTC is showing very positive signs:
- The proportion of BTC supply held by short-term holders (STH) is currently decreasing at the fastest rate since 2012.
-> BTC is being transferred from short-term holders to long-term investors.
- The number of people depositing BTC to exchanges is at an 8-year low.
- Is selling pressure drying up?
#btc #eth
- The proportion of BTC supply held by short-term holders (STH) is currently decreasing at the fastest rate since 2012.
-> BTC is being transferred from short-term holders to long-term investors.
- The number of people depositing BTC to exchanges is at an 8-year low.
- Is selling pressure drying up?
#btc #eth
See original
$ALT looks like there is a lot of faith and hope.
Calculating from the peak until now, ALT has divided quite a lot, almost 10 times, not a little.
If you look at most Altcoins last season like $ID, $SUI, they all bottomed around August, September and the newly listed coins are the same.
It's just that they are racing to see who breaks first and who breaks later.
And ALT is leading the race to break Pandora BOX.
If it can break this BOX, ALT will have a sideways period on BOX like $SUI did before it increased sharply in late October and early November.
Recently, there are quite a few events related to $ALT , which can be mentioned as#EIGENcan be listed on the exchange.
ALT is directly related to EIGEN, so the fact that $ALT is so strong also signals that EIGEN is preparing to list.
#BTC #ETH
Calculating from the peak until now, ALT has divided quite a lot, almost 10 times, not a little.
If you look at most Altcoins last season like $ID, $SUI, they all bottomed around August, September and the newly listed coins are the same.
It's just that they are racing to see who breaks first and who breaks later.
And ALT is leading the race to break Pandora BOX.
If it can break this BOX, ALT will have a sideways period on BOX like $SUI did before it increased sharply in late October and early November.
Recently, there are quite a few events related to $ALT , which can be mentioned as#EIGENcan be listed on the exchange.
ALT is directly related to EIGEN, so the fact that $ALT is so strong also signals that EIGEN is preparing to list.
#BTC #ETH
See original
TP for $TAO is 900-1000 dollars to sell 90% of the goods.
The West is shouting 3k 5k 10k dollars 1 $TAO , let them shout. Because everyone is looking at the same price, who will close?
The whole downtrend, I sat and watched the $TAO chart, waiting for it to break the 360 mark, and finally this day has come.
I have explained the story of staking and $dTAO, let that chart dance.
Other AI charts should also be pushed, $FET will be as strong as TAO and follow the uptrend. $WLD, $IO, $ARKM, we have to see the story of each one to be attractive before pushing hard.
#Write2Win #ETH
The West is shouting 3k 5k 10k dollars 1 $TAO , let them shout. Because everyone is looking at the same price, who will close?
The whole downtrend, I sat and watched the $TAO chart, waiting for it to break the 360 mark, and finally this day has come.
I have explained the story of staking and $dTAO, let that chart dance.
Other AI charts should also be pushed, $FET will be as strong as TAO and follow the uptrend. $WLD, $IO, $ARKM, we have to see the story of each one to be attractive before pushing hard.
#Write2Win #ETH
See original
Review Total for the current market wave #crypto
The plan I pulled for total at the beginning of the month is relatively consistent. Next week, Total's trend may reach the upper trend line.
We need to see the trend line touch or fake break through it a bit before there is another correction for altcoin.
This section $BTC can run up to 65 66k and pull altcoin up a bit more before entering the correction around the beginning of October.
There won't be too many fluctuations at the end of the week, but next week we will see a stronger increase in trading volume.
Because traders on the east coast will mainly avoid weeks with important news to focus on orders when the trend is clearer.
In other words, when looking at the chart, most traders who bet on the bottom will bet on the lower trend line.
But more experienced traders will wait for the trend reversal to be confirmed and back tested before entering the order.
The current trend is still unclear, which is also the reason why the volume is still weak.
The plan I pulled for total at the beginning of the month is relatively consistent. Next week, Total's trend may reach the upper trend line.
We need to see the trend line touch or fake break through it a bit before there is another correction for altcoin.
This section $BTC can run up to 65 66k and pull altcoin up a bit more before entering the correction around the beginning of October.
There won't be too many fluctuations at the end of the week, but next week we will see a stronger increase in trading volume.
Because traders on the east coast will mainly avoid weeks with important news to focus on orders when the trend is clearer.
In other words, when looking at the chart, most traders who bet on the bottom will bet on the lower trend line.
But more experienced traders will wait for the trend reversal to be confirmed and back tested before entering the order.
The current trend is still unclear, which is also the reason why the volume is still weak.
See original
The CPI news last night was good, but $BTC is still determined to make a red candle to kill the dragon before turning around.
This scene is no different from last year, when every month, news about interest rates made everyone suffer and the market closed with big news ETF $BTC
This year, it is the turn of macro news to draw a similar scenario and will soon close with super big news about the US presidential election, which is of more interest to the whole world than ETF $BTC .
Those who still have money, buy, if you have gone all-in in the previous round, hold firmly, how many times in life do you have 4 years :))
#binance #bitcoin
This scene is no different from last year, when every month, news about interest rates made everyone suffer and the market closed with big news ETF $BTC
This year, it is the turn of macro news to draw a similar scenario and will soon close with super big news about the US presidential election, which is of more interest to the whole world than ETF $BTC .
Those who still have money, buy, if you have gone all-in in the previous round, hold firmly, how many times in life do you have 4 years :))
#binance #bitcoin
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Currently, the trend of $BTC shows that after continuously breaking new highs, there is no significant selling pressure, with the price reaching 80,000. Essentially all profit positions are here. At this time, breaking,, 80,000 still hasn't activated a large amount of selling pressure, which can only indicate two points,
1. The price consensus has not" been reached yet. Market sentiment is optimistic enough and bullish, leading most traders' profit targets to 80,000 or even higher points like 100,000.
2. Weekend liquidity is (relatively) low, and less capital may push prices higher. Meanwhile the activity on the US side is lower, and the real selling pressure may not have appeared yet.
Currently, both scenarios are,, possible, especially with the rise during the weekend, as the increase brought by low liquidity can easily be misleading.
As for altcoins, ETH's ""momentum is already quite evident. Once BTC stabilizes, ETH will take the opportunity to rise. Many mainstream altcoins are( already) unable to contain their restlessness and are showing movement. However to confirm sufficiently positive sentiment, we still need to wait until Tuesday. Previously, I mistakenly referred to it as Monday, having forgotten that there is a holiday in the US on Monday.
Once we reach "Tuesday and the US stock market opens, if the US side continues to consolidate the rise in BTC prices and macro external factors do not bring( negative) sentiment, then altcoins are very likely to become active at the start of normal trading days. We have waited patiently -for over 8 months for altcoin activity, which may soon be upon us.
At the same time, the'' fourth quarter of every year and the phase leading up to the Chinese New Year often brings a surge in the crypto market. If this year can (continue) it wouldn't be a bad thing.
However, happiness is always short-lived. If the market welcomes a- wave of activity, by February or March next year, we will again face a stage of entanglement.
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