😎BTC has reached the 70,000 mark again after 4 months. Is this a real breakthrough? When will 80,000 come?
Due to the significant increase in the probability of Trump's election, Trump-related concept stocks and BTC rose strongly last night, and BTC rose above 70,000 again. Generally speaking, it may fluctuate around 70,000 in the short term, but this main rising trend has just begun, and the impact of 80,000 in November is worth looking forward to!
In the past 24 hours, Trump's trading has obviously heated up. Last night, Trump Media Technology Group closed up 21.59% with a turnover of US$4.792 billion. Compared with the lowest point of US$11.75 in September, the stock has risen 310% so far.
Dogecoin, a cryptocurrency related to Musk, rose 15%. As early as last week, it was mentioned that DOGE still has room for substantial growth, and the opportunity of DOGE was recommended. This week, it led the mainstream currency.
From the market point of view, BTC has broken through the flag-shaped consolidation channel that lasted for more than half a year, and the moving average is strongly bullish, the volume and price are rising, and the Bollinger band opening is widening. A new round of market is basically set in stone; the recent retracement focuses on the key position of 70,000. If it holds, it will directly rise strongly. If it falls below, it will hopefully give a low position of 68,000-69,500, which will be a very good point to add positions;
DOGE has reached a strong pressure position at the weekly level, and the short-term overbought is serious. There is a need for adjustment. It is not cost-effective to chase high now. Although the medium and long-term can at least see around 0.23, it does not matter if the cost is low. If you have not boarded the train, you can pay attention to the retracement area of 0.14-0.15. If it does not break, it will still start a new round of main rising waves;
💥The most exciting currency over the weekend was APE, which rose 122% in a single day. A large number of NFT players who were trapped cried with joy. Although they have not yet recovered their investment, they finally moved, and once they moved, it was a big move; the 24-hour trading volume squeezed into the top ten, becoming the most concerned altcoin in the market;
What is the reason for APE's rapid rise in the short term?
💥Of course, the first reason is that we are now in a crazy bull market. There is sufficient funds to support APE and even multiple currencies like APE. The judgment on the bull market has been mentioned many times before, so I will not repeat it here;
More importantly, APE is making trouble. APE officially announced the launch of the Apechain mainnet. Community users can transfer their own token APE assets to the Apechain chain through the cross-chain bridge. And the function of pump, which can freely issue MEME tokens and trade quickly, was launched. At one time, a large number of meme tokens were issued and traded using APE. Due to the large demand for APE in the short term, APE rose rapidly;
⭐Since its launch, ApeChain has completed more than 1 million transactions and a total of more than 10,000 contracts; a trader traded 18 Meme coins on ApeChain in nearly 30 hours and made a profit of 300 times on CURTIS; APE's popularity has exploded! And it has taken the entire metaverse sector by storm;
MAGIC, BLUR, DEGO, AGLD and many other related currencies have risen, and some old metaverse coins that have not moved for a long time have finally been driven by APE;
💥Then the question is, is APE a flash in the pan? Will it go where it came from?
In fact, the title has given the answer. APE still has great potential. Moreover, Jifeng predicts that APE will be the leader of this round of the metaverse. APE's more amazing increase will be in November.
⭐Currently, APE has risen to the lower edge resistance of the descending triangle at the monthly level. There are a lot of locked-in orders around 1.7-1.9, which needs time to digest. But once the selling pressure is digested here, the second wave of rise may come, and it is very likely to challenge the pressure level of 6 knives at that time.
But there is also a support range that cannot be broken below, which is around 1-1.2. After a long period of bottoming below 1, it cannot fall back again. If it falls below, the dealer will fail to restart.
⭐MEME coin continues to explode, DOGE has risen by 20% continuously, will the dragon of the last bull market regain its glory?
MEME coin, as the main narrative line of this year's bull market, has been popular from the first half to the second half. There are dozens or hundreds of times of coins appearing on the chain, and major exchanges are vying to launch various MEME coins, which makes old investors confused. Those who insist on value investment are also confused, and the classic saying "value investment is nothing, all in MEME lives in the palace" appears. So why can MEME be so popular in this round of bull market? How long can it last next? What are the opportunities?
💥 First of all, let's take a look at why MEME can be so popular in this round of bull market?
1. In fact, consensus in the currency circle is the greatest value. VC coins crashed as soon as they were launched, and the project owners ran away in various ways, breaking the hearts of users; MEME, a relatively fair project driven by the community, is more popular
2. Western preference, most MEME coins are popular in the West, and very continuously
3. The market value is still small and medium-sized projects, many of which are in the range of 500-1 billion, which is relatively room for growth
💥How long will it be popular next?
In the early and middle stages of this round of bull market, that is, most of them were popular on the SOL chain in the first half of this year, and then extended to the BASE chain. Now it has just begun to extend to the ETH chain, and the MEME of other chains is still in the midst of the explosion, so meme is now at most in the middle stage, and there are still a lot of opportunities;
💥What other opportunities are there?
And today I want to mention DOGE specifically, because Trump's chances of winning have increased significantly, and Musk is a firm supporter of Trump, so DOGE has risen sharply recently, and this rise can only be regarded as an appetizer. The real surge of DOGE is still to come, and you can continue to pay attention to it later;
As for other MEMEs, such as BOME and NEIRO supported by Binance, they are still worth looking forward to;
In short, believe in MEME, this round of bull market will not let you down; there are many opportunities, and the bull market encourages each other!
BTC is rising strongly, and this coin has the hope of becoming a new round of leading coins;
Yesterday, BTC rushed to 68,000 and then fell rapidly, directly falling more than 3,000 points to below 65,000, but it regained its footing and returned to 67,000. The current trend is stable, and it has stepped out of the blood-sucking market. The cottage industry has begun to weaken, but it is only for the next wave of outbreaks;
Recently, SCROLL started trading after it was launched on Binance launchpool. As the top project of Ethereum's second layer, it is currently somewhat underestimated. The current TVL ranking has come to the fourth place, second only to the previous king project arb,op and the new leader BASE, and the fundamentals are relatively solid;
And SCR accounts for 98% of the trading volume on Binance, and only two exchanges are online, so SCR is very likely to become a key project built by Binance;
The trend on the disk in the past two days has been very stable. After a short-term bottoming out, it began to rise. If it can be stable and not break the previous low, it is very likely to accelerate the rise after the shock upward, leading the Ethereum series of currencies;
💥New coins are frequently launched, and large amounts of tokens will be unlocked in October. The overall market in October is not optimistic;
Recently, the eigen king project was launched first, and then SCR was launched on LANCHPOOL, continuing to suck liquidity;
The current market has returned to the PVP battle mode, meme hype, small coins are flying, it is difficult to form a sector effect, and funds are difficult to sustain
What is most worrying is that there will be super large amounts of tokens unlocked in October: tokens worth more than 3 billion US dollars will be issued in October; more than a dozen tokens unlocking more than 10 million US dollars, and the largest TIA unlocking more than 1 billion US dollars
Therefore, the overall expectation in October needs to be lowered, and the rebound and reduction of positions are the main focus. 65,000-68,000 is the risk area;
A-shares rose and fell, Bitcoin fluctuated, but many currencies on Binance soared, OG five times in three days, and the currency circle still hides a lot of opportunities;
At present, BTC has risen again to the long-short divergence point of 64,000. This position has both chip resistance and Fibonacci strong resistance. The weekly level is at a position where the long-short divergence is large. At present, the retracement of 62,000 is supported; in the short term, if the 61,500-62,000 area is not broken, there is still hope to continue to rise to 65,000-66,000, and even challenge above 68,000;
If it falls below 61,500-62,000, the trend will be ugly, and the 59,000-60,000 support will be tested again. Generally speaking, facing the US CPI data on October 10, funds began to wait and see Accumulate power; I personally think that the probability of continuing to rise after the short-term adjustment is slightly higher;
In addition, the AI and MEME sectors have obvious strong trends; AI tokens TAO, WLD, PHB can still be paid attention to MEME tokens WIF, SHIB, DOGE are still ready to move;
And some small coins are still pulling the market in turn, OG quickly increased by 5 times; WING pulled the market by 50%+ in a single day; these small coins are suitable for small positions to ambush, and buying is earning; but generally the sustainability is not strong, so it can only be used as a short-term operation;
From the first week of October to now, the overall consolidation against the sharp rise in September is relatively healthy; but the market still feels weak, so be prepared to lower expectations in October, and the operation is mainly short-term;
Pay attention, don't let the holiday delay you. BTC has fallen below the key support, and there is a risk of continued correction. Keep watching for the next two days. At least wait until the daily line stabilizes before reopening the position. #大A香还是大饼香 #上市公司增持BTC #BTC☀
Today is a day of shame in the cryptocurrency circle. A-shares rose by 8 points, but BTC led the market to pull back. But people in the cryptocurrency circle should not be discouraged. 70,000 is just around the corner, and the second wave of altcoin surge is coming!
Since entering the cryptocurrency circle, 90% of the time the cryptocurrency circle has outperformed most stock markets; as a core asset like AI, cryptocurrency represents the future. One or two days of weakness cannot change the long-term bull trend of BTC. Altcoins with 10x and 100x coins will still appear frequently in the bull market in the next year.
National Day is coming soon, and BTC's slight pullback is only for a better rise. After the A-shares rise, the cryptocurrency circle will continue to take over; #FTX赔偿计划 #BTC☀ #美国8月核心PCE创4月以来新高 #山寨季何时到来?
💥BTC continues to surge and successfully reaches the target set at the beginning of the month. The altcoins are rising across the board. Is it the starting point of a bull, a bull, or a crazy bull?
BTC bottomed out on September 7 and rose by 20%+. As early as the beginning of September, it reminded to build a position, and this month it is expected to reach 65,000-68,000, which has been successfully reached; the recommended altcoins have basically risen by 50%+. Congratulations to the family members who got on board!
So far, the most eye-catching of this round of rise is the trust SUI and TAO launched by Grayscale in early August. Both have risen by more than 150%, nearly three times the increase, becoming the well-deserved market leader; In addition, various sectors have also started to make up for the rise this week; MEME rose by 30%+ this week; AI rose by 30%+ this week ETH series ENA rose by 50%+ .... The market has entered the stage of mindless long-term. As early as the first half of the month, it was proposed that the operation mode in September-October would rather be trapped than miss the opportunity. This wave of market is still worth looking forward to;
Slightly recommend an undervalued sector, and the series to be made up is the telegram ecosystem TON: The standard arc bottom structure is about to break through the neckline; BANANA: Bottom breakthrough, bottoming out and expected to surge NOT: Bottom breakthrough, bottoming out and expected to surge CATI: Still in the downward stage, but pay attention to the bottom signal
My personal definition of this round of market is bullish Basically, most cottages will achieve a 2-3 times increase from the bottom if the bull is strong; Most cottages will achieve a 5-fold increase from the bottom if the bull is strong; Most cottages will achieve a 10-20 times increase from the bottom if the bull is strong; At present, there is still room, and we will continue to play music and dance;
💥Tomorrow morning at 9:00, the US presidential debate will have a major impact on the crypto market!
⭐The first presidential debate between US Democratic presidential candidate Kamala Harris and former President Donald Trump will be held at the National Constitution Center in Philadelphia at 9:00 pm EST on September 10 (9:00 EST on September 11) and will last for 90 minutes.
💥 It is not yet confirmed whether Harris and Trump will have a second debate. Polymarket predicts that Trump has a 27% chance of winning the September 10 election debate and Harris has a 73% chance of winning the September 10 election debate.
⭐This is not good news for cryptocurrencies. After all, Trump has always been a crypto enthusiast and supporter. If Trump wins, it will be a big boon to cryptocurrencies; failure may also affect BTC's return to weakness;
💥Currently, users on the prediction website Polymarket believe that the probability that US Republican presidential candidate Donald Trump will mention "cryptocurrency/bitcoin" in the presidential debate on September 10 is 14%. That is to say, it is unlikely that cryptocurrency will be mentioned in this debate. If it is mentioned, it will be a positive stimulus in the short term; #美国大选如何影响加密产业? #美国经济软着陆? #以太坊基金会 #美联储何时降息? #BTC走势分析
⭐Russian President Vladimir Putin said in a speech at the Eastern Economic Forum that Russia has become one of the world leaders in Bitcoin mining, and now Russia is actively deploying cryptocurrencies, which is a long-term benefit for our industry;
💥According to the report of the Chairman of the Industrial Mining Association, Russia produced 54,000 bitcoins in 2023, bringing more than $550 million in tax revenue to the country. However, Bezdelov assessed that this number will increase due to the influx of new investors in the field due to the recent approval of the cryptocurrency mining law.
💥Coming to the BTC market, BTC rebounded quickly to around 58,000, but at the 15-minute level, we can see that PINBAR was just closed at a high level, indicating that the pressure above 58,000 is still heavy in the short term
⭐The daily level has broken through the downward trend formed since August 26, but the resistance of chips above this position is heavy. It is best to give the market more time to observe whether it is an effective breakthrough. After all, there is still a lot of macro news
💥The recent resistance above is also quite obvious. In addition to 58,000, it is 59,000 near the upper MA30; therefore, buy at a low level first; but there is no need to increase positions at this position; if it falls below again, it is still possible to go for a second test, and pay attention to the support of 55,000/53,000