As I said yesterday

If BTC can recover at 64,500

Then BTC will rebound to around 66,000

But I don’t think BTC will break through, I prefer BTC to continue to fluctuate in this range

What do you think

Something big is going to happen tonight!!! Something big is going to happen tonight!!!

Let me analyze the Fed's operation at 2 o'clock in the evening!!!

The Fed will announce the news that it will not cut interest rates at 2 o'clock. Whether it will cut interest rates will affect the life and death of the currency circle!!!

My personal opinion!!!

If Ballmer announces a 25-point interest rate cut tonight, I don't think the market will fluctuate too much, because this is expected.

If Ballmer announces a 50-point interest rate cut tonight, I think the currency circle will usher in a big explosion!!! Big explosion!!!!!!

If Ballmer announces that there will be no interest rate cut tonight, then the nightmare of the currency circle will come, and it will plummet, even below 50,000, but the probability of this is very low! How low is it? It's the extent that buying 10U can make you earn 1,000U!

Tonight's interest rate is related to the wallet of everyone in the currency circle!!! Always be vigilant and pay attention to risk control!!!

Rise, rise, rise!!!

How is it? It seems that my prediction is still good now

Let's see if BTC can stand at 6.1w tonight!!!

If BTC can stand at 6.1w tonight, the market will gradually get better!

After standing at 6.1w, wait for the decision of the Federal Reserve

If the interest rate is cut, the market will take off

If the interest rate is not cut for the time being, it will fall back and hover between 5.3w-6w!!!

BTC rose as expected, ready to welcome the Fed next week

Most institutions predict that the Fed will announce a rate cut, what do you think

Based on the current situation, I think BTC will rise to 6.3w

Then wait for the Fed's news

If the Fed cuts interest rates, I think BTC will continue to rise

Assuming that the Fed announces that it will not cut interest rates for the time being, it will be a big blow to market sentiment

Because most people are waiting for the September rate cut, if the Fed announces that it will not change at this time

The market should fall in response, this situation is very scary

Many prominent traders are betting on a rate cut by the Bank of England; a 50 basis point cut is expected by the end of the year.

The US is also expected to announce a rate cut at next week's meeting!!!

Will a rate cut usher in a bull market?

Actually, I don't think so. Maybe a bull market will come after a long time, but I haven't seen a change in the market in the short term.

According to previous practice, there is a high probability of a decline after a rate cut.

The market will only improve a few months after the rate cut.

So we must be prepared for a rate cut and a fall after a rate cut.

Pay attention to controlling risks. The market is unpredictable and no one can predict it! ! !

Only two 100x coins are needed in the cryptocurrency world

So how should we catch 100x coins?

Catching 100x coins (i.e. cryptocurrencies or tokens that can increase in value by 100x in a short period of time) involves a range of strategies and risk management techniques.

Here are some suggestions based on current and historical trends:

Early participation: The most common way is to participate in the early stages of a project, such as an ICO (initial coin offering), IDO (initial decentralized offering), or other forms of early financing rounds. This usually requires you to have a deep understanding and confidence in the project, as the risks at these stages are extremely high.

Research and analysis: Project foundation: Look for projects with innovative technologies, solving practical problems, or having huge market potential. Pay attention to the project's technical white paper, team background, market demand analysis, etc. Token economics: Understand the total issuance, circulation, deflation or issuance mechanism of tokens. A good token economic model may help prices rise.

Community and support: An active, positive community and support from reputable investors may be a sign of success.

Market value and price:
Low market value: Look for projects with low market value but potential. In theory, projects with low market capitalization are more likely to achieve substantial growth when liquidity increases.

Price point: Some investors value projects that start at extremely low prices (such as $0.01) because they theoretically have more room for growth.

Risk management:
Diversification: Don't bet all your money on a single project. Even if you think a project has a hundredfold potential, the volatility and unpredictability of the market require you to diversify your risks.

Small positions: Try these high-risk, high-return investments with an amount you can afford to lose.

Timing: Bear market cycle: Some analysts believe that projects issued in a bear market cycle have a better chance of rising sharply in the next bull market because they may not have been truly tested by the market.

Have you heard the story of Doge, the 100x and 1,000x coin?

Starting point and background:
DOGE started as a joke, a cryptocurrency based on an Internet meme, but it quickly gained huge support in the community. In 2021, the price of DOGE experienced an unprecedented rise driven by social media mogul Elon Musk, becoming a wealth myth for many investors. However, in 2024, the story of DOGE ushered in a new chapter.

2024 100x Myth:
During this year, the price of DOGE was favored in multiple forecasts, and some analysts and AI models predicted that its price could reach $0.35 or even higher in 2024. This expectation is based on several factors:

Market sentiment: With the Bitcoin halving effect and the recovery of the broader cryptocurrency market, investors' interest in DOGE has been rekindled. In particular, 2024 is considered a precursor to a bull market in the cryptocurrency market, and investors are looking forward to the reappearance of "100x coins" like DOGE.

Social media influence: Elon Musk's continued support for DOGE and rumors about integrating DOGE into the X platform have further driven its price increase. The power of social media has once again proven its importance in the cryptocurrency market.

Community power: DOGE's community has always been its greatest asset. In 2024, the community's activities and confidence in the project once again demonstrated its cohesion and driving force for DOGE's price.
Continuation of the story:

Despite the optimistic price prediction for DOGE in 2024, this story also reminds investors that behind the myth of 100x coins are huge risks and market unpredictability. DOGE's price volatility is extremely high, and investors face huge potential losses while pursuing high returns.

The story of DOGE is not just about the rise and fall of prices, but also a legend about faith, community and technological innovation. It shows that in the world of cryptocurrency, any seemingly insignificant project has the potential to become the next 100x coin myth. Quote

What is the difference between a bull market and a bear market?

The market will not always be a bull market or a bear market forever.

The bulls and bears of the market are all phases and are always in a state of alternation.

Bull market characteristics:
Market liquidity is abundant, funds are overflowing, new entrants are entering the market at an accelerated pace, and OTC funds are flowing in continuously.

Bitcoin led the rise in the early stage, and then altcoins followed suit, forming a rotating upward trend.

The market sentiment is optimistic, and there is a general feeling that there is unlimited funds, the wealth creation effect is significant, and it attracts more attention.

Bear market characteristics:
The overall liquidity is lacking, and the market is gradually deteriorating from the edge to the center. Even if the big coins are protected, the overall situation is still weak.

Market makers and institutions did not leave the market on a large scale, but the market trend was downward and lacked upward momentum. The market sentiment is pessimistic and there is a lack of new funds entering the market. The overall performance is that the chain of risk assets is interrupted and prices fall across the board.

Generally speaking, bull markets are characterized by abundant funds, active markets, and rising prices, while bear markets are characterized by tight funds, deserted markets, falling prices, or consolidation.

BTC fell to 52550 at the lowest, which was in line with expectations. It has now rebounded to around 54500.

Does this trend seem familiar?

At the beginning of last month, BTC once fell below the 50,000 mark, and then it took half a month to pull back to around 63,000. Then it continued to fall in the second half of the month, and fell below 53,000 yesterday.

A month has drawn a door, and it seems to have been supported at present.

I am personally more bullish, and I think BTC has a chance to follow the script of last month!!!

Binance is going to airdrop 1 million USDC!!!

Binance puts users and community first and protects the rights and interests of users and community!!!

Binance is constantly working to improve the clarity and transparency of communication with the community. Based on community feedback, Binance has updated this announcement to complement the increase in the total supply of SLF tokens after the brand upgrade.

Binance always puts user and community feedback first, and we will airdrop USDC to qualified users holding FRONT and SLF, which is sponsored by the SLF team.

The conditions are:
Qualified Binance users holding FRONT and/or SLF at the snapshot time will receive USDC from the 1,000,000 USDC pool, and the proportion will be allocated according to the holdings in their Binance wallets at the snapshot time;

The specific snapshot time is as follows:
FRONT snapshot time: 08:00 on August 28, 2024 (Eastern Time Zone 8)
Users' holdings in spot and fund wallets.

SLF snapshot time: 08:00 on September 2, 2024 (GMT+8)
Users’ positions in spot, funds, leverage and financial wallets.

Another Ethereum ETF application has been submitted!!!

According to official news, Australian asset management company Monochrome announced that it has jointly submitted an application with its entity partner Vasco Trustees Limited to list the Monochrome Ethereum ETF (code: IETH) on the Cboe Australia trading platform.

Although the performance of the ETH ETF has not met expectations in the short term, in the long run, the introduction of this financial instrument is seen as an important step for the cryptocurrency market to move towards the mainstream financial market.

Analysts believe that although the launch of the ETH ETF has started slowly, its existence itself has changed investors' perception of and investment methods for cryptocurrencies, and greater capital inflows are expected in the future.

BTC recent trend, and market analysis

Price dynamics: BTC's price has experienced fluctuations in the past 24 hours, and the current price is between $56,000 and $59,000. Specifically, the price rose from $56,187 to $58,519 at individual moments, reflecting the short-term volatility of the market.

Market sentiment: Market sentiment presents a cautiously optimistic attitude. Many analysts and traders mentioned that BTC has rebounded strongly after a period of decline or shock. This rebound is regarded by some as a pullback after a small-level secondary bottoming, showing the market's expectation of future price increases.

Technical analysis: Support level: Short-term support is mentioned between $56,000 and $56,700, and further support may be around $55,000. Resistance level: The upper resistance level is between $58,800 and $59,500, and breaking through these resistances may trigger further increases.

Oscillation range: At present, BTC seems to have formed an oscillation range between $56,000 and $59,000, and the market is waiting for a breakthrough signal. Trading strategy: Based on the analysis of the current market, it is recommended that traders be cautious to go long when the price approaches the support level, or consider going short or waiting when it approaches the resistance level.

Some analysis points out that if BTC cannot effectively fall below the support level of $56,000, the upward trend may continue.

Macroeconomic impact: Although not directly mentioned, the price of BTC is usually affected by global economic policies, the strength of the US dollar, and other macroeconomic factors. There is no clear macro news that directly affects today's market, but the market is always sensitive to future policy changes and economic data.

Future outlook: Some analysts believe that if BTC can break through the current resistance level, it may test higher price levels such as $62,000 or $66,000. However, in the short term, the market may continue to fluctuate in the current range until there is enough momentum to break through.

Overall, today's BTC market shows that the market is looking for a new direction after a period of uncertainty. Investors and traders need to pay close attention to changes in technical indicators and market sentiment to prepare for possible breakthroughs or further shocks.

Wall Street Journal: Fed Chairman Powell sends the strongest signal of rate cut so far

The Wall Street Journal disclosed that Fed Chairman Powell sent the strongest signal of rate cut so far, saying that the Fed intends to take action to prevent the US labor market from further weakening.

#BTC Recent trends, and some of my personal views

Price dynamics: As of August 23, 2024, the price of Bitcoin fluctuates between $59,000 and $61,000.

In the past 24 hours, the price has risen and fallen slightly, but overall, the price has fluctuated within this range.

Technical analysis: Support and resistance: Bitcoin prices have been blocked many times at the 0.618 position of the Fibonacci retracement (about $62,000), but the lows have gradually risen, which may suggest that bullish forces are accumulating.

Moving average test: Bitcoin is testing the EMA200 moving average on the 4-hour chart, which is regarded as the dividing line between long and short. Multiple tests have failed to break through, indicating that short pressure still exists, but the decline after each test is decreasing.

Market sentiment: Bullish sentiment: Some analysts believe that the rebound in prices and the gradual increase in support levels are signals of rising prices, and prices are expected to continue to challenge the upper boundary of the box.

Bearish sentiment: Despite bullish voices, some analysts pointed out that the failure of prices to break through key moving averages and Fibonacci resistance levels shows that the market's bullish power is not yet enough to drive prices up significantly.

Strategy recommendations: Short-term operations: Some users suggest going long when prices approach or break through the Fibonacci 0.618 position, but at the same time be wary of possible washouts. Long-term holding: Some users said they hold spot and believe that in the long run, the price of Bitcoin will continue to rise, despite large fluctuations in the short term.

Macro impact: Market volatility is closely related to macroeconomic data and policy changes. Recent market divergences and fluctuations may be related to changes in the external economic environment.

Overall, Bitcoin's recent trend has shown a volatile upward trend, and market sentiment has swung between bullishness and caution. Technical indicators show that although there is an intention to break upward, resistance is still obvious. Investors need to pay attention to key support and resistance levels, while considering the impact of macroeconomic factors. The current strategy may be short-term swing operations, while maintaining an optimistic attitude towards long-term value-added, but also be prepared to deal with possible pullbacks.

This article will help you understand the golden shovel of Binance investment and how to achieve high returns!

Solv is a protocol invested by Binance. The platform TVL has exceeded 1.4 billion US dollars and more than 20,000 BTC. The background and hard power are strong enough.

Solv is a decentralized Bitcoin reserve protocol that releases the full potential of Bitcoin assets through a liquidity consensus infrastructure.

SolvBTC / SolvBTC.BBN new mine launched by Solv protocol

Use SolvBTC or SolvBTC.BBN to participate in Mezo staking and directly start 2x mining. The conservative estimate of APY is 109%.

Tutorial:
1. Go to Mezo mezo.org/hodl-with/solv
2. Enter the password "SOLV1" and stake SolvBTC or SolvBTC.BBN

Rewards:
⁃ Solv points, SolvBTC 6xp, SolvBTC.BBN 12xp
⁃ Mezo basic mats reward (1000 mats/BTC)
⁃ Mezo lock-up acceleration reward
⁃ 2 months: 3x
⁃ 6 months: 10x
⁃ 9 months: 16x
⁃ Solv exclusive 2x mats acceleration

#Solv #SolvBTC #MtGox钱包动态

Mt. Gox Moves $784 Million in Bitcoin, Potential Completion to Creditors May Be Next.

Bankrupt cryptocurrency exchange Mt. Gox has moved a large amount of Bitcoin, about $784 million, to unknown and cold wallets. According to blockchain analytics firm Arkham, 12,000 BTC were moved to an unknown wallet and 1,264.69 BTC were moved to Mt. Gox's known cold wallets. The transfers are part of an ongoing reset to creditors, stemming from the massive losses caused by a 2014 security breach. The activity could indicate that a critical process is nearing completion.

Large amount of ETH transferred in! ! ! ! !

🚨🚨🚨🚨🚨🚨
51,200 (132,501,968 USD) #ETH transferred to Binance Beacon Deposit

BTC is constantly testing the 58,000 level. At present, the 58,000 level is still stable.

If 58,000 cannot be recovered, it will have to drop to 55,000 or 53,000.

I hope BTC can hold up, or just go for it!