November 2nd Trading Suggestions: Bitcoin (BTC): Its 1-hour and 4-hour technical levels have returned to a normal and good condition, while the daily level is performing excellently, above a healthy level. Therefore, it is expected to continue maintaining an upward trend throughout the day. From a larger cycle perspective, the expectation for an increase remains strong and has not diminished. The intraday support level is in the range of 95500 to 96000; when the price is within this range, there is momentum for an upward rebound; the intraday resistance level is in the range of 98000 to 98500, and when the price rises to this range, it may face some pressure and pull back. Intraday support 95500-96000 Buy Intraday resistance 98000-98500 Sell Ethereum (ETH): The 1-hour and 4-hour technical levels are maintaining a good healthy state, and the daily level is also above a healthy level. It is expected that Ethereum will show a trend of catching up within the day. Its intraday support level is in the range of 3610 to 3660; if the price can gain effective support in this range, it may start an upward trend; the intraday resistance level is in the range of 3770 to 3820, and when the price rises to this area, it may face significant pressure and be blocked from rising further. Intraday support 3610-3660 Buy Intraday resistance 3770-3820 Sell
The rhythm of the crypto world is like playing hide and seek with a mischievous ghost. It's a cyclical trap dictated by the heavens, and we shouldn't be like those exhausted workers who toil all year but still demand stable returns. In a bear market, just lie down on the ground and find some fun; when the bull market comes, get back to work and test the waters. When the big bull market arrives, hey, go all in! That's the carefree rhythm of us crypto enthusiasts.
The past month has been my highlight moment for making money this year, and last week was the peak of this month. Ever since that Trump incident sparked trading, opportunities have been like a group of flamboyant ladies vying for attention. Those things that previously looked like frostbitten eggplants suddenly seemed energized, coming back to life.
Looking back at the previous months, making money was harder than climbing to the sky, and it was even more disgusting than eating something unpleasant. No wonder so many people were deceived into running to the big A market searching for food. Many times, the more you struggle, the more you lose, getting caught in the traps set by those KOLs, leaving you completely confused and deeply in the pit.
Thank goodness, I've finally made it through; now this is the authentic tune of a bull market. The external environment is in a joyful uproar, and market liquidity is bubbling up like spring water, along with those new chip distribution stories (like Meme, Pumpfun), there's a lot of room for imagination. This bull market can't be compared to the small commotion in March; reliable project parties are starting to show off their muscles, and now it's time to sprint with full force.
Risk exposure can be appropriately increased, but avoid using high leverage, especially with Memes. This market allows for easy profits even while lying down; why must we fly with swords in the sky? If you fall, you'll lose your capital, and then you'll just have to watch others revel in the bull market while you look like a pitiful little thing in the corner.
Did you see that? The value has never just been sitting there waiting to be discovered; it only becomes apparent after it has risen.
This time around, the market adjustment gives everyone a chance to tidy up their positions. When the big coin surges to new highs, some altcoins are like wooden stakes, not moving at all. In such cases, it's best to sell quickly.
Every bull market has its own characteristics, and this round is all about the big coin and memes. Those small-cap new memes on-chain, like PNUT, NERIO, MOODENG, and GAOT, have made many people overnight millionaires. The old meme series, including DOGE, WIF, PEPE, BONK, and FLOKI, have either reached new highs or are quickly returning to previous peaks.
These memes that are popular and have consensus, whether new or old, will continue to rise in the future, buying them is definitely a good choice. What is the development trend of meme coins in a bull market? What is the difference between altcoins and meme coins? How to determine if an altcoin is worth investing in? $BTC $ETH
What happens next with $BTC will have a huge impact on the altcoins you hold, so pay attention!
In the first scenario, if BTC breaks through the 100,000 mark in one go and then drops a bit by around 5,000, the altcoins might rise about 5% along with BTC. Don't take this lightly, though; once BTC starts to slide, the altcoins you hold could be in big trouble, potentially dropping by around 15% in one go!
In the second scenario, if BTC is adjusting in the range of 97,500 to 99,500, the altcoins you hold might have some hope! During this sideways movement of BTC, the altcoins are likely to see an increase of about 15% to 35% (but not all altcoins will perform this strongly!).
The third scenario is quite grim: if BTC drops directly from its current position of 99,000 by about 5,000, the altcoins you hold will be in bad shape. While BTC is climbing, the altcoins might be as still as a wooden post, but when BTC pulls back, the altcoins could deflate like a balloon, with declines reaching around 20%, and some altcoins might drop even more drastically, essentially supporting BTC to continue its push towards the 100,000 milestone!
Currently, several types of altcoins that I am paying attention to show considerable potential. First, let's talk about PNUT, which is closely linked to the Musk concept, with a clear stance and vast prospects in the market. From a short-term perspective, if it can successfully stabilize in the range of 1.45 to 1.5, the momentum for a subsequent upward breakthrough remains strong. #ACT belongs to the #AI and MEME sectors, currently exhibiting a daily downtrend. However, there is short-term support between 0.58 and 0.55, and if it can stabilize in this range, future development is still worth looking forward to. With the recent strong performance of the SOL chain, BOME has also benefited, with a significant inflow of funds into its ecosystem, resulting in a notably enhanced trend compared to before. The price level of 0.001 can be seen as short-term support and also serves as a key reference point for building positions. IO is involved in the AI sector and is part of the SOL ecosystem. After going live on Coinbase and Binance in the early morning, it experienced a surge, followed by a slight pullback. Currently, it shows a clear stabilization at 2.28, and those who have not yet entered may consider holding a moderate amount, with a short-term target price of 2.6, while the long-term outlook may rise to 5 to 10 dollars. Overall, these altcoins often contain opportunities during price pullbacks, especially PNUT, which has shown strong performance and deserves investors' attention and in-depth research.
There is a little-known fact that the vast majority, 99% of coins are still at low prices. Only 0.9% of coins have seen some rebound or slight increase, and even fewer have reached all-time highs; this round of market performance is basically dominated by Bitcoin. Small investors find it very difficult to engage in Bitcoin investments. Even I, personally involved, would not invest all my funds in Bitcoin; having a half position is already quite difficult. In actual operations, it is very likely to encounter situations where half or even full positions miss the opportunity.
The current situation is that Bitcoin leads, while numerous altcoins barely hold on. Once Bitcoin experiences even a slight pullback, altcoins drop significantly. If one feels anxious about missing out, the solution is simple: just fully invest in altcoins, and if that doesn't work, buy Ethereum. But I personally tend to avoid this kind of operation; I believe that this round is unlikely to see an explosive season for altcoins. Considering the market capitalization of various altcoins in the current crypto space, it is unrealistic for altcoins to surge several times or return to historical highs; on the contrary, their downside potential is considerable. Investors often incur losses when they become blindly influenced (FOMO) by the fear of missing out. Therefore, if I am out of the market, I will continue to choose stable financial management. The market always follows cyclical patterns; after a long rise, there must be a fall. It’s just that now that Bitcoin has risen to its current price level, earning a little less profit is not a big deal; it's just a bit regrettable that I couldn't share in the market feast with everyone. This month I will temporarily slow down the update pace, as I have some matters to attend to. If there is information to share, I will post it in the plaza and community. Everything else will run as usual.
The mentality of people speculating in cryptocurrencies is really varied. For example, some people see people around them or information on the Internet saying that a certain coin has potential, so they blindly follow the investment, lack their own independent analysis and judgment, and just follow the crowd into the market. This kind of following the trend mentality is very common.
Another kind is the speculative mentality. Many speculators regard cryptocurrency as a way to quickly gain wealth, hoping to make huge profits in the short term by buying low and selling high. They often pay attention to short-term price fluctuations and trade frequently.
Let's talk about the gambling mentality. Some people speculate in cryptocurrencies like gambling, investing a lot of money at all costs, lacking rational assessment of market risks, relying too much on luck, and hoping to get rich in one transaction.
Fear and greed mentality is also very common. When the price of the currency rises, greed will prevail. They always feel that it can rise higher and are reluctant to sell; when the price of the currency falls, fear will appear again, fearing that the loss will be further expanded, and thus rushing to sell.
Overconfidence mentality is also not uncommon. This type of cryptocurrency traders may have made some small profits in the early stage, or they may think they have a deep understanding of the cryptocurrency market, so they are overconfident, overestimate their abilities and judgments, increase the scale of investment, and then blow up their positions!
Therefore, we must learn to reflect on our experience and lessons, and make stable profits instead of seeking quick profits. When it comes to cryptocurrency trading, mentality is very important. Everyone must stay calm and invest rationally.
This year's cryptocurrency market is exceptionally challenging. Anyone lacking confidence in the cryptocurrency market or in their own holdings will find it hard to endure.
Firstly, the cryptocurrency market experienced a significant drop in August, stabilized in September, and has steadily risen in October. This is a standard trend reversal, washing away many individuals with weak resolve. However, one thing is clear: Bitcoin maintained a value of $68,000 in October, and at least through November, the altcoin sector's rotation will continue. Secondly, after Bitcoin steadied at $60,000, altcoins began to rise steadily. October saw frequent appearances of 'dark horses.' Although these surges didn't last long, they indicate a vibrant market with ample trading volume. Hence, while the current market sentiment may seem sluggish, it significantly reduces the risk of a continued short-term crash. Of course, whether we can be overly optimistic is also a concern. The prices of altcoins are at a critical support level; they are neither rising nor falling, which means anything could happen. Thirdly, the buying of Bitcoin ETFs has never ceased. Regardless of how low the price drops, capital has consistently flowed in, reaching an astonishing $53 billion. This is one of the key factors that could sustain the bull market.
The biggest test now is: can you seize this market wave with the cryptocurrencies you hold, riding the trend and breaking through previous highs?
As we reach this point in October, I personally believe it is quite ideal, mainly due to three factors that make me very optimistic.
Yesterday, Bitcoin inflows reached $473 million, and the sustainability is very good. We hope that the pace from February to mid-March can be maintained. Then, the future growth is promising. However, the general trend is to rise, no matter who is elected president. It's just that those who are washed away in the middle are always undetermined short-term and contract players. I wish you all a happy investment^_^ For the time being, looking at this wave of expectations of "trading Trump's election as president", Wall Street Capital is voting with money. However, but, but, if the Democratic Party continues to use some means to make it unexpected, Bitcoin will also encounter a large sell-off, which is also a risk point that needs attention... In short, everyone is keeping a close eye on it, don't miss the opportunity when it comes!
Here are some suggestions for you who are confused about the current market!
It has been said that this wave of Bitcoin is heading for new highs, and currently, it is within the expected range, continuing to wait for the 90,000 mark. Altcoins will only start to heat up after Bitcoin breaks new highs, with specific performance being that VC coins will continue to surge.
Before Bitcoin reaches a new high, altcoins will fluctuate back and forth, continuing to be drained by Bitcoin, but localized hot market trends will still emerge. Don't FOMO, and don't crowd into places with many people.
Hold your chips well and wait for the final performance of the market.
If you want to make money in the cryptocurrency circle, you must go to places with fewer people! Why is airdropping not profitable? The most fundamental reason is that there are too many people making money. When there were few people making money, you could earn thousands of U with just a few transactions on the test network. When the Web3 wallet was first launched, you could easily earn hundreds or even thousands of U by just drawing a few NFTs and doing a few tasks. When the inscriptions first came out, there was also a wealth-creating effect. When NFT first came out, people bought it with their eyes closed. When the platform coins first came out, no one bought them because they felt that they were not decentralized enough. VC coins also increased by hundreds and thousands of times when they first came out in 2021. When everyone was rushing to VC and no one bought memes, memes had a myth of getting rich. After all, making money is always a matter for a small number of people. The operating logic of many projects is to let a small number of people make a lot of money, and then these small number of people who have become rich drive the advertising effect, attracting most people to enter the market, and completing the harvest. So to make money in the cryptocurrency circle, you have to "go when people come", and never go to crowded places. When there are too many people, it's time to harvest.
Why is the MEME sector so popular? Mainly because the behavior of venture capital (VC) in the market is extremely exploitative. In the past, it was relatively easy to make money in the crypto space; typically, the daily volatility could reach 40% to 50%. Projects like SM would also provide some investors with low-priced tokens in advance. However, the current market situation is vastly different, and such opportunities no longer exist. What remains is a constant unlocking and dumping of tokens, and the game has completely changed. This year, the difficulty for retail investors to make money has reached unprecedented heights. In contrast, the MEME sector appears relatively fair. Its token liquidity is higher, allowing retail investors to at least participate in the creation of tokens and the process of market capitalization discovery, significantly increasing the potential for profit. Even when market manipulators emerge, they tend to do so later in the process and do not impede the rise of MEME tokens; instead, they might bring more positive news. Therefore, many people choose to participate in MEME, and that's it.
If you don't understand the cycles of cryptocurrency trading, it won't help even if you trade for another ten years! The cryptocurrency market is a cyclical market, divided into five cycles and two phases. Three cycles are bear markets, and two are bull markets. These five cycles repeat and form the trend of the cryptocurrency market. The five cycles of the cryptocurrency market are: downtrend cycle, bottoming cycle, consolidation cycle, rally cycle, and distribution cycle. 2023 is the bottoming cycle, 2024 is the consolidation cycle, early 2025 is the rally cycle, and late 2025 is the distribution cycle. Let's wait and see!
This chart shows the trends of three major assets — Bitcoin, gold, and the S&P 500, all following the classic 'cup and handle' pattern. In simple terms, this pattern involves a price first experiencing a period of decline to form a large arc-shaped 'cup', followed by a brief pullback that resembles a 'handle'. When the price breaks above the resistance line of the 'handle', it usually indicates that a strong upward movement is about to occur.
Let's compare:
1. $BTC: A bottom has formed, currently at the end of the 'handle', feeling like it will break out at any moment, the arrow points straight up.
2. Gold: The breakout has occurred, and prices have surged, validating the bullish strength of this pattern.
3. S&P 500: Following the same path, it has continued to rise after the breakout, with the market rhythm moving steadily upward.
The 'cup and handle' pattern is relatively rare in the market, and it might be a bit difficult to understand, especially since price patterns can often be somewhat subjective. But don't overcomplicate it; you can deconstruct it into multiple 'head and shoulders' patterns. The overall idea is to first build a base, then pull back, and finally break through, accelerating the upward trend.
Price patterns are ultimately a subjective observation of the market. The comparison of the three charts above lets everyone know that this is a thing, but in actual operations, other factors need to be considered for judgment. #美SEC主席祝贺比特币白皮书16周年 #链游板块代币普涨 #比特币挖矿难度创历史新高 #APT市值超越SUI #盘整行情分析
In the crypto world, the hardest part is selling! It's not the method that's difficult, but rather your reluctance to part with profits and that greedy desire to earn a little more.
However, those who haven't experienced the entire cycle of #bull markets and #bear markets won't understand this. Take a bull market for example: if your assets have risen to tens of millions, and then you wake up to find they've dropped to 7 million, would you sell? Newcomers definitely wouldn't sell; they'd feel they lost 3 million.
But those seasoned traders who have lost money would definitely sell, because they would feel they earned that 7 million, and the 3 million loss would just be considered as being taken back by the God of Wealth, as if they were offering a tribute to him.
Many people join various groups, and when the group is buzzing with excitement, they start to offload their assets; this indicator for selling is definitely accurate. When most people are making money and are excited, that's when you should withdraw.
However, don't rely on this indicator to buy the dip; the emotions of fear and disappointment are very hard to quantify. A drop of 10%, 20%, or even 50% feels pretty much the same.
So, in the #crypto trading world, the hardest part is selling, especially when you've already made a lot. You need to learn to overcome greed and understand when to take profits, so that you can survive in the crypto space for the long haul.
Putting aside your face and making money is the greatest dignity for adults!
What can support happiness is never the ethereal face.
1. So as a human being, let us return to our original heart.
Money is the greatest confidence of an adult.
Mo Yan once said: "Money is the greatest confidence of a person. Only when you are financially independent, you will not see those compromises, you will not be humble, and you will have the confidence to stand up straight to accept love and be loved."
When I was young, I thought it was vulgar to talk about money. It was not until I entered the age of forty that I really understood that life needs money everywhere. Without money, it can be said that the village cannot be easy.
After all, the poor in the downtown area no one asks, the rich in the mountains have distant relatives; if you don't believe it, look at the wine in the glass, and each glass is first toasted to the rich.
2. Money is the bottom line.
The writer Sanmao once said: The comedy in the world can be produced without money, but most of the tragedies in the world are inseparable from money.
When people reach middle age, they will not be trapped by life if they have money. Only with money can they have the so-called happiness and happiness. With money, you can buy a house and a car, and improve your life taste; with money, you can provide better education conditions for your children and let them suffer less; with money, you can let your parents live a comfortable life for a few days without always working so hard. When people reach middle age, they will have the confidence to live if they have money, and they don’t have to live for others but are afraid.
3. Face is sometimes the most useless thing in the world.
Mr. Yang Jiang once said that we were so eager for the recognition of the outside world, but in the end we knew that the world belongs to us and has nothing to do with others. Truly strong people will not be afraid of losing face, and will not care what others say. They pay more attention to themselves, because their solid inner qualities are their eternal confidence.
After all, what can support happiness is never the ethereal face!
1. Buy a 280-square-meter house in the city center as soon as possible. 2. Print a resignation letter on A4 paper and throw it directly in the face of your ruthless boss. 3. Buy a Porsche Panamera immediately and drive it home for the New Year to be a well-known person. 4. Keep it a secret and don't tell anyone, including your family. 5. Pay off all debts first. 6. Save the money and wait for a year. 7. Don't cooperate with friends or relatives, and continue to pretend to be an ordinary person. 8. Don't let your children know that you are rich to prevent them from being influenced by money. 9. Maintain the status quo and treat wealth as windfall. 10. Big data will not push randomly. Seeing this article means that you will really make a fortune in this bull market.
BTC: The normal situation at the weekly level this week is that it will rebound to the 63600-66000 range, with the current highest reaching 63783. If the trend strengthens today, it will directly impact the 65000-66000 range. In the case of a strong rebound, the four-hour effective support point is at the 62000-62500 range, and the upper pressure is at the 64500-65000 range. It is hoped that it will directly hit 66000 points today. The current overall market is looking at the turning point of 66000.
ETH: If the big pie reaches the 66000-65000 range today, the second pie will strongly break through the 3600 point line today. Pay attention to the pressure above the 3660-3720 range and the support below 3420-3450. #Meme板块普涨 #Meme板块普涨 $BTC