Every fluctuation of Bitcoin affects the hearts of countless investors. Recently, Bitcoin seems to be undergoing a profound adjustment, but there are signs that this adjustment may be coming to an end, and a new upward cycle is quietly brewing.

Subtle changes in adjustments
Since the global market crash on August 5, the price of Bitcoin has plummeted by more than 25%, and the market is in an uproar. However, amid the panic, it is not difficult to find some positive signs. Bitcoin has shown signs of bullish divergence on the weekly chart - although the price is falling, the relative strength index (RSI) has formed a higher low. This divergence, like a ray of sunshine in winter, indicates that the downward momentum is gradually weakening, and the upward reversal may not be far away.

MATIC in the midst of storms
Recently, the journey of MATIC seems to be shrouded in dark clouds, and the mood of token holders is as gloomy as the weather. Since the beginning of April, MATIC has embarked on a downward path, and the glaring $0.91 support level on the daily chart has been ruthlessly trampled underfoot. What's worse, as of now, the price of MATIC has slipped below the annual low of 2023, $0.492, a figure that makes people sigh.

The battle between bulls and bears is like a summer afternoon thunderstorm, which comes violently and goes away quickly, but fails to bring a bit of coolness. On August 5, MATIC almost touched the annual low of $0.316 in 2022. Although it did not break through in the end, it only barely stood firm at $0.334.

NOTCOIN (NOT). Recently, it has become the focus of market attention. The price seems to be playing a "stationary game", and it has stopped steadily at the gate of $0.013, neither advancing nor retreating, which is unpredictable.
【NOTCOIN: Two months of ups and downs, 60% test】
Imagine a free fall from the clouds to the ground. NOTCOIN has experienced it in the past two months. However, it is not so easy to be defeated. This week, it seemed to have found a soft cushion, jumped lightly, and even bounced, and the price rebounded slightly. But the good times did not last long. The weak purchasing power instantly extinguished the upward momentum, and NOT was awkwardly stuck in mid-air.

Last week, the AAVE token staged a thrilling "roller coaster" ride! Although the market is turbulent, AAVE's TVL (total locked value) is like an old captain, firmly anchored at around $11.7 billion. It really makes people admire its determination.

Liquidation Storm, AAVE’s “Big Test”
Last week, AAVE experienced an unprecedented liquidation feast, with the amount approaching the $300 million mark! The source of this storm was the stablecoin loans that were collateralized by wrapped collateral Ethereum (wstETH). The price of Ethereum suddenly "free fell", and the 25% plunge turned many collaterals into "naked swimmers" in an instant. The automatic liquidation mechanism was immediately activated, like a lifeboat on the sea. Although it was cruel, it ensured the financial security of the platform.

The market of Bitcoin last week was thrilling! A hammer line with large volume directly raised our hearts to our throats. Fortunately, at the critical moment, it was firmly inserted near 49,000, giving everyone a reassurance. Looking at the lower line of the parallel channel near 54,000, the signal of large volume to stop the decline is clearly visible, like a lighthouse in the sea, illuminating the direction of progress.
This week, the daily chart also had a lot of good news. On August 5, a long black candlestick with a huge volume and a long lower shadow appeared, and then the next day, a piercing stop came, as if telling us: "Don't be afraid, it won't fall any further!" However, although the long white candlestick on August 8 was pleasing, the volume seemed a bit reserved, as if telling us: "Don't worry, the good show is yet to come."

In this autumn season, the cryptocurrency market has also ushered in a unique carnival party. Altcoins have taken the stage and staged a wonderful "rising show", and TON, the new star, has led this feast with an impressive attitude, refreshing our cognition.

TON: Binance’s new favorite, setting new highs
Yesterday, TON may have been a little shy when it debuted on Binance Exchange, but today, it seems to have been reborn overnight and continues to sprint upward, not only winning warm applause from the market, but also setting a new record high price. This is not just a simple price game, but also a high recognition of TON's technical strength and market potential.

Bitcoin, as the gold standard of digital assets, has an unshakable position, but the wave of innovation has quietly surged, and a group of emerging altcoins are ready to challenge Bitcoin's dominance. Smart investors have already set their sights on these "rising stars" that are full of potential, technological breakthroughs, and a wide range of application scenarios.

Innovation is the soul of altcoins
From the breakthrough of next-generation blockchain technology to the deep integration of AR/VR, the altcoin market is undoubtedly a hotbed of innovation. Today, let us explore the seven altcoins that are expected to shine in the upcoming cryptocurrency bull market. They each carry their own unique charm, whether it is the leap in transaction speed, the innovation of cross-chain technology, or the creation of immersive digital experience, they are all eye-catching.

On August 10, the cryptocurrency market seemed to be on a roller coaster. Bitcoin (BTC) stopped at the $60,000 mark, while Ethereum (ETH), Solana (SOL), and XRP all entered “diving mode”.

Bitcoin: Hovering around 60K, should we hesitate or wait?

Imagine standing on a $60,000 platform, with an unknown sea of ​​stars in front of you and solid land behind you. Bitcoin, the "big brother" of the crypto world, is standing at such a crossroads today. In the past 24 hours, it shook slightly, fell 1.46%, and finally settled at $60,512. Although it hit a high of $61,464 during the session, it also slid to $59,587 at the lowest. However, the good news is that Bitcoin's market dominance has quietly climbed 0.09% to 56.48%. The open interest in the futures market also rose 1.78% to $28.18 billion. It seems that everyone is still full of expectations for its future. However, the outflow of funds from the spot Bitcoin ETF reached $89.73 million, which makes people wonder: Is someone quietly retreating?

In this ever-changing cryptocurrency world, investors are always in a hurry. Polygon (MATIC) and Fetch.ai (FET), which were once in the limelight, now seem to have become the "old favorites" of the previous cycle and have been forgotten by many investors. However, the new star GambleFi, especially its top altcoin Rollblock (RBLK), is becoming the new darling of the market with an overwhelming momentum!
Polygon (MATIC): Layer 2’s loser
Do you remember the highly anticipated Polygon? As Ethereum's Layer 2 expansion solution, it was once a "hot commodity" in the hearts of many people. However, with the failure of the Ethereum ETF, Polygon was not spared. This week, its price plummeted by more than 20%, and the cumulative decline this year is as high as 40%. Investors lamented: "Betting on Polygon is a thing of the past."

👋 Since the thunder of Bitcoin, our encrypted digital currency has quietly become a force that cannot be underestimated in the financial world. 💪 In the blink of an eye, more than a decade has passed, and it has grown from a young boy to a dazzling star in the market. 🌟 So, when the clock points to September 2024, how will this sea of ​​stars surge? Let us take a forward-looking journey together with a relaxed mood! 🚀

1. The regulatory wave is both a pressure and an opportunity🌊
Imagine that governments around the world are starting to dress up cryptocurrencies in formal attire. That’s right, regulation is coming! 👮‍♂️ From the margins to the mainstream, the systemic risks behind this have naturally become the focus of attention of the bigwigs. Especially when the economic storm is a little bigger, they are even busier building a high wall of laws. For example, the bigwigs of the SEC and the EU are brewing new rules to crack down on those “unruly” guys. 🚫

Altcoins seem to be experiencing an unprecedented "winter". How much do you know?

1. "Cold jokes" in the cold winter: Worse than 2019?
Some people are shouting online that the altcoin market is even bleaker now than it was in 2019. Hey, let me argue about this. 2019 was the "Ice Age" of the blockchain industry. At that time, people talked about blockchain with doubts and confusion in their eyes, as if to say, "What can this thing do?" Tokens? They were even labeled "useless". At that time, you could even pick up a free L1 (a hypothetical blockchain underlying technology or token), just like picking up a shiny gold coin in the snow, but people around you told you: "This thing is worthless."

Is the total ban on cryptocurrencies a decisive "one-size-fits-all" approach or a regrettable "one-size-fits-all" approach? 🤔💭

🔥 Since last year, in order to protect the "moat" of finance and take into account the environmental protection plan of blue sky and white clouds, Z has carried out a "big cleanup" of cryptocurrencies. When this news came out, the Internet was in an uproar. Some people applauded and said that this was a "reassurance" for the financial market; some people frowned, worrying that this ban would bury the future "gold mine"? 🤑😟
👨‍🎓 Recently, Professor Wang Yang, Vice President of the Hong Kong University of Science and Technology, stood up and "sang a different tune". He said that this decision of a comprehensive ban is simply "picking up sesame seeds and losing watermelons", and our country Z's position as the "captain" in the blue ocean of blockchain and cryptocurrency is almost handed over to others! 😱💼

A word from a big shot is worth a thousand gold! Peter Brandt made a shocking statement. Is his prediction the dawn of SOL? Or is it another wave of market shock?

Brandt is blunt: SOL is my cup of tea, ETH is on the sidelines
Imagine if you were standing at a crossroads in cryptocurrency, not knowing which way to go, and Mr. Brandt stepped out, pointed at SOL and said, “Look here, guys, the future is here!” That’s right, this legendary figure in the trading world recently publicly stated that he prefers SOL as a trading asset rather than the more well-known Ethereum (ETH).

"The spring breeze warms the crypto world, and the niche sector returns with strength! Meta game currency soars into a new era, what are you waiting for?"

A Fantasy Journey into the Metaverse: Sandbox (SAND)
First, let's turn our attention to Sandbox (SAND). As a leader in the metaverse, SAND's price trend has recently shown an exciting triangle pattern on the daily chart. This is not just a simple graphic change, but also a signal that market forces are ready to go. From the rapid reversal of the bottom support trend line to the strong appearance of the long-tailed candle, SAND seems to have regained its former vitality overnight and is moving step by step towards its target of $0.26.

Have you heard? There is a big commotion in the United States again. The rumors of interest rate cuts are even more violent than a summer thunderstorm! Citibank traders frowned. They felt that the risk of US stocks was like a balloon. The more it was blown, the bigger it would be. It might "pop" at any time. The Federal Reserve might make an emergency interest rate cut within a week!
However, there are also conservative leaders, such as Morgan and Goldman Sachs, who also predicted a rate cut, but their pace seemed much more stable. Morgan said: "Let's take it slow, in September and November, cut 50 basis points each time, and proceed steadily." Goldman Sachs was more direct, raising the probability of a US recession next year from 15% to 25%. This number jumps and makes people feel anxious.

BTC rose sharply yesterday, breaking through the resistance range (57000-58000), and rose to 62000 in the morning, and encountered resistance, and began to adjust. Yesterday's non-agricultural data was readjusted, and the difference with the previous expected value was not large. The number of unemployment benefits recipients was lower than expected, which greatly reduced panic. The U.S. economy is not as bad as imagined. At the same time, the expectation of a 50 basis point interest rate cut in September has declined. Short-term panic has been alleviated and confidence has been restored. Pay attention to the resistance of 62000-63000 during the day. The increase is large, and it is expected to adjust. Pay attention to the support of 60000-61000. The large-cycle expectation has not changed, and the bull market expectation is still built on

Have you been wondering in your heart recently: "Why hasn't the bull market come yet?"
Remember that golden October last year? Bitcoin was like a giant awakened by the autumn wind, advancing all the way. Until March this year, that wave of market was simply exciting. In just five months, the price nearly tripled, and the altcoins were not to be outdone, and they staged a "reversal" drama. At that time, did you also feel that you were standing on the cusp of wealth?
But the good times didn't last long, and the market seemed to have entered its "little emotional period" again. Prices fell back, volatility intensified, and it was like riding a heart-pounding roller coaster. Don't worry, this is actually the market's "retracement repair", just like we need to stretch and relax after running, the market also needs time to adjust its breathing and accumulate strength.