The Bitcoin halving has been completed✅, and the wind direction has changed
The wind direction has changed, and a correction is inevitable. Even if it hits 70,000 again in the short term, it is just a rebound, not a reversal. Without two or three months of consolidation, it is difficult to have a beautiful upward slope of 30 to 50 degrees. The recent period should be very torturous for retail investors. Many contract players have been liquidated, and spot players have been trapped. As far as retail investors are concerned, most of them are actually confused. I don’t know what to do. The contract has exploded and I don’t know whether to continue playing. I am stuck in the spot and I don’t know whether to cut my losses or continue holding on. Judging from the decline in the market in the past two days, I feel that I can basically judge what stage the current trend is in.
Tonight's PCE data is released, expected 0.2%, actual 0.1%, lower than expected The probability of interest rate cuts in March next year has increased This alleviates concerns about fewer rate cuts next year Positive for a rebound in the cryptocurrency market
Reminder for everyone to take profits in batches on the surging coins:
Now, what’s being tested is our restraint; do not be greedy. Take profits in batches on the surging coins to secure gains. Don’t recklessly open or close contracts based on feelings to avoid liquidation.
A small black swan event occurred tonight, with conflicts between South Korea's opposition and ruling parties. President Yoon Suk-yeol announced an "emergency martial law" late at night, stating that the opposition party is manipulating the National Assembly and disturbing the country, claiming that he will eliminate "anti-national forces" within South Korea. Since BTC is a risky asset, BTC on the South Korean exchange Upbit plummeted. This led to a drop in BTC on other exchanges as well.
Hello brothers, a significant data was released yesterday The unemployment rate met expectations, and the non-farm data released was below expectations This means that the possibility of a 25 basis point interest rate cut in November and December has increased Good news for the crypto space
Next week on 2/3, 11.5-11.6, the U.S. presidential election will take place Next week on 5, 11.8 the Federal Reserve will announce the interest rate decision, followed by a press conference with Powell
In the past few days, on-chain data shows that Binance has seen an inflow of over 4000 BTC, feeling that the risk is increasing If BTC surges before the election, we need to reduce our positions But currently, the increase is not large, if it pulls back to $69800, there’s no need to worry
If Trump wins next week, BTC is expected to surge again before pulling back But if Harris wins, BTC may have a significant pullback
So it's not suitable to be fully invested right now Save some bullets to buy when BTC drops down again
The U.S. election has a short-term impact on the crypto space But whether Harris or Trump wins, it's beneficial for the development of cryptocurrency Both are friendlier to the crypto space than the current Biden administration But Trump is even friendlier to the crypto space
Currently recommending a 60% position to avoid missing out If BTC drops to $67000, continue to increase the position
From on-chain data, stablecoins have been in an inflow state from October 24 to 30, but have not broken through the previous highs of the past two months, funds have all flowed into BTC, and there has not been a spillover effect into altcoins. From October 28 to today, over 10,000 BTC have flowed out of exchanges.
It seems that BTC is still set to rise, but how much of a pullback will it have? Whales and ETF large capital costs are at $55,000, and the current price is $72,000, currently profiting 30%. Over the past 10 years, the S&P 500 index has averaged an annual increase of over 12%. If the BTC price reaches $82,000, they will profit more than 50%, equivalent to achieving over 5 times the stock market index increase in one year. It is estimated that they will start to take profits.
So if it rises close to $82,000, BTC may experience a major pullback. Currently, from on-chain data, BTC is still flowing out, so the risk is not large.
Regarding the U.S. election, this year's U.S. presidential election may be the most closely contested in history. The two candidates are evenly matched, and in seven swing states, polls show their support rates are neck and neck, with all differences within the margin of statistical error, so it is still uncertain who will win or lose.
The small non-farm payroll data released last night recorded an increase of 233,000, the largest increase since July 2023. Slightly negative, strong employment impacts the Federal Reserve's interest rate cuts. Tonight at 8:30 PM, PCE will be announced, and non-farm payroll data will be released tomorrow night at 8:30 PM.
If the non-farm payroll data over the next two days does not cause significant negative impacts, BTC may build momentum and potentially break through $74,000. #BTC #下一BTC历史新高是多少? $BTC
Hello, brothers, a new week has begun. BTC is stronger than expected. It was predicted to fall by about $1,000 a few days ago. But it only fell by $500 and continued to rise.
From the on-chain data, since the large-scale inflow of stablecoins in the exchange at the end of August, there is no sign of decline at present. And BTC in the exchange continues to flow out.
There are more people shorting than longing, so it will continue to rise.
When will the altcoin season come? According to historical rules, seven months after each halving, the altcoin season begins, and Bitcoin's dominance begins to collapse. This halving is in April, so seven months later it will be November-December. The altcoins are rising violently, but also fast. Many brothers who missed the opportunity did not make arrangements in advance to catch up, so they can only hang on the top of the mountain. Another point is that the altcoin season usually occurs in the last stage of each cycle. Last week, we said that the US election results will definitely rise before they are announced. But after the election, whether Trump wins or loses, there will be a correction and a drop of 10%. Because if Trump wins, then all the good news will be bad news. If Trump loses, it will also be bad news, so there will be a drop. So this time we have to reduce our positions and stop profits between the big rises in the US election. There is also a black swan about to take off. The THAAD missile defense system has been put into use in Israel. Israel has recently been perfecting its plan to attack Iran. The attack on Iran is certain. Gold is rising sharply. If a war breaks out, BTC will fall by 5%.
So the current position is critical. If you don't buy, you're afraid of rising prices. If you buy, you're afraid of falling prices. Investment is like this. There is no guaranteed profit. You can only watch the general trend rise and take the risk to avoid missing out.
We always recommend holding FTM. It's about to break through. Sell it after breaking $1.
Hello, brothers BTC has risen to the point we predicted last week, $68,000. The embarrassing thing is that if BTC continues to rise, the risk of copycats will increase. Only when BTC falls back to the sideways range can copycats rise sharply.
From the data on the chain, the recent BTC flow in the exchange is still outflowing. The amount of Bitcoin reserves held by the exchange is now reported at about 2.68 million, a record low. A big trend is brewing. Brothers who bought BTC should not get off the train rashly, otherwise they will not be able to catch up with the rise.
The US election in November is approaching, and Trump's chances of winning are increasing. This has fueled the rise of BTC. Because Trump is crazy about supporting BTC and cryptocurrencies. He also bought 🍔 with Bitcoin before. The current strategy is to hold patiently and wait for the pull. From the data on the chain, the risk is not great. When BTC hits 70,000, many altcoins will fall by about 10%. You can consider setting a stop loss to short SUI and WLD. #BTC #美国大选如何影响加密产业? $BTC
Hello, brothers, BTC has broken through $64,000, Expected to be bullish, But the rebound strength still exceeded our expectations
A potential conflict broke out between North Korea and South Korea yesterday BTC fell a wave, just below $62,000 The general direction of global quantitative easing cannot be transferred The interest rate will be reduced to about 3% before July next year, which is good for the currency circle Focus on the general direction, don’t go against the trend
In addition to BTC, there is a trend we need to feel “Bitcoin” Google search volume fell to the lowest level of the year, while “memecoin” search volume surged In the future, many strong currencies will emerge in the meme coin field The group will also strengthen analysis, and the VIP group will recommend more meme coins
Current market deduction and prediction: Israel attacks Iran or the North Korea-South Korea conflict breaks out, causing BTC to fall below $61,000 Then it rebounded to more than $64,000, BTC stayed around $65,000, many altcoins began to pull abnormally, gradually ushering in the altcoin season. As the Federal Reserve gradually cut interest rates and the conflict between Israel and Iran ended, BTC broke through the $80,000 mark at the end of the year. #BTC #美国大选如何影响加密产业? $BTC
Market Analysis 10.6 Good afternoon, brothers. The National Day holiday has ushered in a peak of return trips. It is still nice to work and trade cryptocurrencies. Recently, we should pay attention to these two anomalies. (1) Abnormal reaction to non-farm payrolls. Although the non-farm payrolls are negative, the Federal Reserve may only cut interest rates by 25 basis points in November. But the cryptocurrency market did not fall sharply. BTC rebounded from 60,000 to $62,000. (2) Abnormal on-chain data. This round of conflict between Israel and Iran has caused a sharp drop. But on-chain data shows that BTC has flowed out of the exchange. From October 3 to today, October 6, more than 8,000 BTC have flowed out. This week, pay attention to two events. (1) Israel may continue to make trouble. Yesterday, Israel sent away the successor of Hezbollah in Lebanon again. A retaliatory attack on Iran's oil facilities is being planned. The Biden administration hopes to avoid rising oil prices. The White House is unlikely to approve of attacks on Iran's oil facilities. Therefore, the probability of the conflict continuing to escalate is 50-50. If there is no war, it is a positive, and if there is a war, it is a small negative.
(2) CPI will be released at 20:30 on Thursday Higher than expected, bearish, and only 25 basis points of interest rate cuts will be confirmed in November Lower than expected, positive, BTC breaks through $65,000
The general trend is bullish After the conflict between Israel and Iran is resolved, the big funds waiting on the sidelines will enter the market BTC will still fluctuate upward.
The non-farm data released last night exceeded expectations and the unemployment rate unexpectedly dropped. This was originally bearish for the cryptocurrency market. However, BTC rebounded due to the following three factors.
(1) The economy looks strong and has not declined, which has led to a sharp rise in US stocks, which in turn has driven BTC.
(2) BTC has fallen too much and the price is right, so large orders have rebounded.
(3) The conflict between Israel and Iran has come to a brief end.
From the data on the chain,
(1) Stablecoins continue to flow into exchanges for bargain hunting.
(2) BTC flows out of exchanges.
Although last night's non-farm data poured cold water on the Fed's large-scale interest rate cut,
there will be two more 25 basis point interest rate cuts this year.
The following three reasons determine the bullish trend.
1. We are in a rate cut cycle/the timing before global quantitative easing.
2. The current cost of BTC holders is high and the profit is not much.
3. Cryptocurrencies are supported by governments including the United States and Japan.
After the conflict between Israel and Iran is resolved,
Hello, brothers, let's talk about the market from several aspects
(1) Three reasons for the decline
1. This round of decline was triggered by the black swan event of Iran's attack on Israel, which led to the decline of the cryptocurrency circle as a risky asset
2. Japan's Shigeru Ishitake came to power as the new prime minister and he is inclined to raise interest rates
3. After the large-scale rebound since September 6, the profit-taking was cleaned up
(2) Recent on-chain data
Recently, large investors are still hoarding BTC. Signs of large-scale hoarding indicate that there will be more increases in the future
The whales who entered the bull market have hardly made any profit
(3) Will it fall again?
The long-term bullish trend remains unchanged
The prices of many coins are very suitable
Brothers who missed the opportunity or had insufficient positions before can get on board at this opportunity
Don't short or sell at the bottom
(4) About ETH
This round of correction is large, and the inflation of 50,000 coins last month
It is recommended that everyone change ETH holdings to BTC
Hello, brothers, the National Day is coming soon The market started to pull back at 5 am last night, what’s the reason?
The core reason comes from 🇯🇵 Japan's hawkish faction, Shigeru Ishiba, was unexpectedly elected as the new president of the Liberal Democratic Party of Japan This leader advocates raising interest rates. While A-shares soared, Japan's stock market suffered a Black Monday, and a fierce sell-off plunged 5% Japan wants to raise interest rates significantly, then Japan's cryptocurrency investors will panic sell like stock market investors
The PCE data released last week continued to cool down, and the Fed's bet on a sharp interest rate cut still has a slight upper hand Japan's interest rate hike has a certain impact, but compared with the positive impact of the US interest rate cut The positive impact is still greater than the negative impact In the new round of global quantitative easing cycle, the general trend of cryptocurrency is definitely rising But there will be some twists and turns in the middle Including the last wave of BTC selling pressure and war conflicts in Mentougou Recently, the leaders of Hezbollah were almost wiped out by Israel Israel is preparing for a ground attack on Lebanon A larger-scale war may break out So it is a small negative impact on the currency circle Recently, Zhu Guangyao, former vice finance minister of China, called on China to pay attention to the development of cryptocurrency research 34% of professional investors in London have invested or plan to invest in digital assets More and more wealthy people are pouring into this industry After half a year, it is definitely the bottom now, and many copycats have not started to rise So it is recommended to hold 70% of the position patiently without worrying about fluctuations
Good afternoon, brothers. The market pulled back yesterday. We remind you to play the long game and hold on. Now BTC has stabilized at $65,000.
According to the on-chain data, from September 24 to today, September 27, more than 15,000 BTC have flowed out of the exchange in 3 days. Yesterday, the stablecoins in the exchange began to rebound.
In the past 3 days, a whale withdrew 3,501 BTC (about 221.39 million US dollars) from Binance. This whale made money 3 times. After each large accumulation, the price of Bitcoin rose sharply.
We also analyzed a few days ago that there were obvious signs of whales bottom-fishing in September. There was a wallet that increased from 2,625 on September 6 to 23,732 on September 20. The increase in holdings of BTC worth $1.4 billion was terrifying. It might be the world's top billionaires such as Li Ka-shing or Bill Gates. At the beginning of September, many brothers said that according to historical statistics, September would fall. Most analysts, on Twitter and Binance Square, were frequently shorting, saying that it would fall to 40,000. Only we advised everyone to hold on and not sell at the bottom. Now we finally see the results. In fact, investment analysis is not nonsense, and it cannot be affected by emotions. It is necessary to make a well-founded judgment based on the Fed's policies and on-chain data. At 8:30 p.m., PCE data will be released, which is one of the Fed's preferred inflation indicators. If it is lower than expected, then BTC will accelerate to 70,000. If it is higher than expected, it will face a short-term correction. In any case, we still have to play the long game. We are in the early stages of a global waterproof cycle. Today, A-shares have skyrocketed. Only by holding on to your money patiently can you get big results and avoid selling out.
Good morning, brothers. The market has adjusted. Yesterday, ETFs outflowed $79 million. The BTC reserves and stablecoins in the exchange did not change much.
Some funds are waiting for the release of data today and tomorrow. The funds on the market are fluctuating, and the off-market funds will make decisions after waiting for the data.
The final value of the second quarter GDP data and the number of unemployment benefits will be announced at 8:30 tonight. Tomorrow night at 8:30, the PCE data will be released, which is one of the preferred inflation indicators of the Federal Reserve.
If these two data show an economic recession, then the interest rate may be cut by another 50 basis points in the next few months, which is good for the currency circle, and BTC will break through the suppression of $64,000.
If the economy is strong, BTC will experience a short correction, may be adjusted back to $61,000, but it will not affect the general trend, don't chase highs when it goes up and sell when it goes down
it is recommended to hold the currency and fish for big fish in the long run
projects that can be held copyright: Chr, FTM, STX, AR, Astr, Klay large market value: BNB, BTC, ETH
Good morning, brothers, BTC is hovering around 64,500. We have analyzed multiple logics for you in the past few days. Let us make a brilliant summary.
[Big Trend] Bullish
[Reasons] (1) The Federal Reserve is in a new round of interest rate cuts and may cut interest rates twice this year (2) The People's Bank of China has also cut interest rates and reserve requirements, releasing 1 trillion yuan of long-term liquidity (3) Most central banks in the world have started to cut interest rates, including the European Union and the United Kingdom (4) The Mentougou crash that has plagued the cryptocurrency circle for 10 years has consumed 80% of the funds, and the remaining 20% will be completely solved (5) The next US government supports cryptocurrency (6) Japan, South Korea and other countries are vigorously developing cryptocurrency
[Operational suggestions] Hold patiently. Except for the ones that have skyrocketed, you can go out of the band. The other weekly lines that have not skyrocketed are just started. Don't be washed out by the small fluctuations in the middle. The cost of getting on the train later will be high
Hello, brothers. Yesterday we reminded that the pressure level of $64,500 is still very high, because a large number of locked-in positions were formed around August 24. The sideways fluctuation time is not yet in place, and it will take at least 3 days.
BTC failed to rush up yesterday and fell back to $63,000.
But some cottages are still strong. BNB broke through $600, and AR broke through 22.
A big turning point, as mentioned yesterday, is that US presidential candidate Harris expressed support for cryptocurrency.
Another superpower, China, due to price deflation and falling housing prices, today the People's Bank of China also announced a rate cut and reserve requirement ratio cut to release 1 trillion yuan of long-term liquidity. Everyone has more money in their hands, so they can come to the currency circle to gamble, which is also good for the currency circle.
BTC's 7-day moving average of fund flow ratio has touched 0.05 and started to rebound, which indicates that investors have started to trade on exchanges again. This rebound usually occurs when the bear market or halving event ends and the bull market begins, leading to a long-term sharp rise in Bitcoin prices. The current judgment is that BTC will break through after a few more days of volatility. Many altcoins will double in October. The final value of the second quarter GDP data will be released by the United States on Thursday. The August PCE data will be released on Friday, which is one of the preferred inflation indicators of the Federal Reserve. If the data on Thursday and Friday are positive, this trend will accelerate. Recommended currencies to hold: Chr, FTM, STX, AR, BNB, Astr, Klay #BTC #加密市场反弹 #美联储宣布降息50个基点 $BTC
Hello, brothers, BTC is going up to $64,000. The number of unclaimed electric vehicles on the road is gradually increasing.
But the pressure level of $64,500 is still very high, because a large number of locked-in orders were formed around August 24, and the sideways fluctuation time is not in place, at least more than 3 days are needed.
And there will be two heavy data coins this week, and big funds may not act until next week. The final value of the second quarter GDP data will be released by the United States on Thursday, and the August PCE data will be released by the United States on Friday, which is one of the preferred inflation indicators of the Federal Reserve.
Trump bought burgers with BTC last week and supported the crypto industry. Another heavy news came last Sunday. Another presidential candidate Harris also announced his support for cryptocurrency. Harris' original words were: "We will work together to invest in America's competitiveness and America's future. We will encourage innovative technologies such as artificial intelligence and digital assets while protecting our consumers and investors."
This is her first comment on cryptocurrency, and she finally said something good.
Regardless of whether Trump or Harris wins in November, the current US government should be the last anti-cryptocurrency government.
Interest rate cuts are good + the next US president supports cryptocurrencies. This is the general trend. Just follow the general trend!
Many altcoins may double in October. It is recommended to hold the coins patiently and wait for the arrival of the altcoin season.