For example, many years ago, a friend of mine thought that the price of BTC was too high, so he exchanged BTC for LTC. He thought that because the total amount of LTC was one-fourth of BTC, the price should be one-fourth lower accordingly.
Later, he also exchanged ETH for ETC. At that time, the price of ETC was 20 times cheaper than ETH. He fantasized that ETC could catch up with ETH, and even the price could reach 1:1.
He had exchanged for cheaper currencies countless times because he thought the price of a certain currency was too high. As a result, these cheap currencies often returned to zero, while the currencies he exchanged rose sharply.
This situation has been repeated, so you understand.
Bitcoin has been adjusting since August, but DOGE and SOL have not experienced a significant drop.
These two coins already have high recognition in the market, and with the expectations of an ETF for DOGE and the popular theme of SOL being listed on the US stock market, they can be considered among the better-performing altcoins.
BTC daily price level is very close to the expected target of 115000. Yesterday it even broke through the daily MA30 moving average. However, on the 4-hour level, the price has been suppressed by the MA120 moving average, and there is a possibility of a pullback to the 111400 position.
It is advisable to pay more attention to those cryptocurrencies that haven't increased much yet, like #UNI , which is quite good.
Looking at its 4-hour and daily charts, you can see varying degrees of bottom signs, but it is currently being pressured by the level of 10, making it unable to rise for the time being.
As long as ETH can move upwards, UNI will definitely follow and rise, especially since it hasn't increased much recently, there is still room for a subsequent rise.
Recently, many cryptocurrencies have adjusted similarly, and there is a high probability of a rebound, such as AVAX, DOGE, OP, DOT, and BGB among them.
In the past, before and after each interest rate cut, the market would experience a surge; moreover, as long as Bitcoin rises, most cryptocurrencies will also follow suit.
Looking at the one-hour chart of #ETH , the Bollinger Bands are in an open state, and the trend is clearly moving upwards, with various indicators also leaning towards an increase.
If there are no major news disturbances tonight, it is likely to continue rising, so finding a low point to buy is quite appropriate at this moment.
It is recommended to enter positions around 4250 and 4280 to buy, with targets set at 4450 and 4480!
The latest opportunities are mainly in individual altcoins, such as myx, m, og, wld, and the newly launched somi, open, avnt on Binance.
It's really hard for us ordinary retail investors to seize opportunities like myx, m, og, but the newly launched coins are more friendly to retail investors; if you find a low point to buy in, you can basically double your investment.
Currently, the market's profit effect is particularly poor; the trend was okay, but it was smashed down by a non-farm payroll data.
Good market conditions are not just waiting for them but also enduring them; there's no way, just keep waiting and enduring!
Looking at NEIRO's K-line patterns, there will definitely be another wave of market movement. Personally, I think the big moves will start soon. After it breaks through the current position, just focus on the strong resistance level above.
#SUİ This time, the pull-up particularly matches the appearance of the upward trend that should be present, and the momentum of the rise is also quite strong. Those who have spot goods do not need to rush to sell, just hold on and be calm.
Currently, it is advisable to pay more attention to the trends in the secondary market. Taking WLD as an example, its rise is mainly due to the expectations of "coin-stock linkage" and the recommendation from the well-known figure Tom, rather than other reasons.
When selecting cryptocurrencies, it is recommended to focus on altcoins that have shown strong performance in the secondary market recently — they must be truly strong candidates. Do not blindly participate in weak coins that are showing poor trends; on the contrary, those that are experiencing strong upward momentum are more worthy of attention. Do not shy away from participating just because of short-term large increases; instead, avoid choosing obscure coins that lack popularity.
The current market shows a characteristic of the strong getting stronger. Although the market has not seen a situation where all altcoins rise simultaneously, there will still be a few outstanding high-quality candidates.
Recently, the trend of $myx is really worth pondering. In a short period, it has increased by several times. On the surface, it seems like retail investors are having a party, but in reality, not many people are showing profit trades, while the screen is filled with those who shorted and are crying out in pain. Why is this happening?
In fact, retail investors haven't benefited from this surge, and those who are shouting for a short position are quite close to the project team.
The logic of the project team is to first buy back the chips that were previously airdropped, so they have enough chips to control the market; they need funds to drive the price up, which essentially forces the retail investors to relinquish their chips; they dump the chips at a high price to wash out retail investors, and then buy back the chips at a low price to achieve a high level of control.
Why operate this way?
Only by concentrating the chips in the hands of the project team can they control the market at will in the future. Once the contract goes live, they manipulate the market to create wild fluctuations — the real profits actually come from the contract market.
So it's important to see clearly: A short-term increase of several times is not because the market suddenly turned bullish, but rather a necessary operation by the project team to control the market. The more aggressive the rise, the more urgent the chip collection; a deep dump to wash the market is to make retail investors give up their last chips.
This also means: The significant rise of $myx is not supported by "retail consensus," but rather a combination of project team chip collection + contract harvesting. Once the Binance contract opens, price fluctuations become their money printing machine, and in the end, who profits and who loses was actually scripted long ago.
The market for AI altcoins has arrived, and $OPEN is particularly worth paying attention to. Yesterday it just entered the AnAn Alpha pool, then it was listed on AnAn spot, after which it directly doubled and then consolidated; given this momentum, it is likely to have further movements.
OpenLedger is focused on AI decentralization, transforming data and models into profits, and utilizing the Stanford PoA mechanism to enable contributors to earn money. Currently, it has 1.27 million wallet users and 870,000 contributors, and it has partnerships with Walmart and Meta, which is quite solid.
Recently, new coins listed on AnAn have been skyrocketing, not to mention OPEN is part of the AI sector, so catching up to the performance of $SOMI should be no problem. Right now, buying into the AI sector is basically a guaranteed profit with your eyes closed; it just depends on which one rises the most.
Additionally, many people say OPEN is going to go on Ub, but it's uncertain if that's true. If it really does, then the market will be even more stable!
The altcoin season may have already begun, but not all altcoins are rising as everyone thinks; only high-quality altcoins have a chance. The upcoming opportunities are likely in the An An Alpha pool or the new coins just launched by OK.
After all, in every round of altcoin market, those that bring significant profits are often new coins that emerge at the right time.
#MYX has already made a move, rising 100 times in a month; the next thing to watch is whether the funds will follow the hype. The rise of old altcoins is limited, so it's recommended to actively adjust your portfolio to switch to those with more potential.
Additionally, if you want to seek stability, it’s better to look at the oracle sector. After all, it is the bridge between the real and virtual worlds, and its role is certainly indispensable, making it relatively more stable.
The market for AI altcoins has arrived, and $OPEN is particularly worth paying attention to. Yesterday it just entered the AnAn Alpha pool, then it was listed on AnAn spot, after which it directly doubled and then consolidated; given this momentum, it is likely to have further movements.
OpenLedger is focused on AI decentralization, transforming data and models into profits, and utilizing the Stanford PoA mechanism to enable contributors to earn money. Currently, it has 1.27 million wallet users and 870,000 contributors, and it has partnerships with Walmart and Meta, which is quite solid.
Recently, new coins listed on AnAn have been skyrocketing, not to mention OPEN is part of the AI sector, so catching up to the performance of $SOMI should be no problem. Right now, buying into the AI sector is basically a guaranteed profit with your eyes closed; it just depends on which one rises the most.
Additionally, many people say OPEN is going to go on Ub, but it's uncertain if that's true. If it really does, then the market will be even more stable!
ETH did not rise as expected on Sunday, and has been fluctuating around 4280 for two days. The current market is stuck in a stalemate—every attempt to break upwards encounters selling pressure; and whenever the price falls back, there is buying support to hold it up. Personally, I lean towards it making an upward push first, testing the range of 4380 to 4420, and then pulling back. After all, it has already consolidated for two days, and the fastest direction may emerge tonight.