CryptoCon, a well-known analytical institution in the field of cryptocurrency, recently issued a striking prediction, which aims to alleviate market concerns about a potential economic recession or a long-term bear market and bring confidence to investors through an optimistic analysis of the future trend of Bitcoin. .
CryptoCon clearly pointed out in the report that Bitcoin is currently in the mid-term correction stage of a cycle. The characteristics of this stage were deeply analyzed by the agency through the Puell Multiple analysis tool, and pointed out that this indicator indicates that the Bitcoin price is about to usher in a new era. There is a significant upward trend. The agency specifically mentioned that similar patterns have been followed in several key cycles of Bitcoin in the past, especially on the eve of the launch of these important bull markets in September 2012, 2016 and 2020. Therefore, CryptoCon firmly believes that although the market has experienced a certain degree of volatility recently, this is precisely a positive signal that Bitcoin is about to enter a new upward cycle.
Regarding the specific prediction of the bull market, CryptoCon emphasized the importance of the Bitcoin halving cycle as a key factor driving bullish sentiment in the market. According to the agency’s halving cycle theory, a special period marked as the “red year” will officially kick off on November 28, 2024, and is expected to last until November 28, 2025. CryptoCon believes that this period will serve as a sign of the official launch of the new bull market, indicating that the Bitcoin market will usher in a strong rise.
In summary, through detailed data analysis and historical comparison, CryptoCon not only dispelled the market's concerns about the adverse economic environment, but also clearly pointed out that the Bitcoin bull market is coming, painting a promising future picture for investors.

About the start time and escape strategy of Bitcoin bull market, the following is a detailed analysis:
Hello everyone, today our discussion focuses on the key start moment of Bitcoin bull market and how to accurately capture the best exit time at the top of the market. First of all, a fact that cannot be ignored is that almost every round of Bitcoin bull market is closely linked to the halving event, and this law has been clearly reflected in the past few cycles.
Looking back on history, we can clearly see:
In 2016, about 163 days after Bitcoin halving, the bull market officially kicked off, ushering in a new round of rising market. In 2020, the same story is staged again. On the 163rd day after halving, the bull market broke through strongly and the market enthusiasm was completely ignited.
Now, our eyes have been focused on the upcoming halving event in 2024. As this critical time point approaches, the market generally expects that about 163 days after halving, the Bitcoin bull market may start again, leading a new round of cryptocurrency carnival.
Furthermore, if we use history as a mirror, the peak of each bull market seems to follow a similar rule - it appears about 500 days after the halving. This observation has been verified in the last two bull markets, so for the upcoming bull market, we can also reasonably speculate that its peak may appear between September and October 2025.
However, it is worth noting that the market surge is often accompanied by huge temptations and risks. Driven by profits, investors can easily fall into blind optimism and mistakenly believe that the market will always rise, thus missing the best time to exit. Therefore, truly wise investors should have the ability to stay calm in the climax, and learn to identify and seize the opportunity to escape the top in time when the market sentiment is most excited.
In summary, the start time and escape strategy of the Bitcoin bull market require investors to pay close attention to market dynamics, conduct rational analysis based on historical laws, and maintain a clear mind and flexible strategy adjustment capabilities in actual operations.

I. Strategic planning for the last two quarters of 2024, aiming to seize the upcoming crazy bull market:

(1) In the last quarter of 2024, the Federal Reserve is expected to implement a rate cut policy, which is an excellent time to buy the bottom and go all in on Bitcoin (BTC). The goal is to hold BTC until its price breaks through the pre-2024 high of $74,000. The core view is that only when BTC shows a violent upward trend can the arrival of a real bull market be confirmed. At that time, BTC will continue to be strong and may even have a blood-sucking effect on other altcoins (including Ethereum ETH).

(2) Once the BTC price reaches the range of $73,000 to $80,000, it is recommended to decisively adopt a phased liquidation strategy and reallocate funds to high-quality projects such as Ethereum ETH and Audi ORDI in the BRC20 ecosystem. At the same time, pay attention to leading currencies in various fields such as AI, Web3, L2, blockchain games, metaverse, NFT, social, RWA, new old blockchain, staking, MEME, etc., and select high-quality currencies for layout.
(3) Looking ahead to the second half of 2025, we should accurately judge the market top and adopt a strategy of shorting BTC at a high position. Whether it is through low-multiple long-term operations or direct withdrawals to enjoy life, it is a feasible option. This judgment is based on the expectation that the US dollar may start to raise interest rates and tighten quantitative easing policies at the macro level. At that time, the US dollar will strengthen, and risky assets such as BTC may face depreciation pressure. Historical experience shows that this trend is repetitive.
2. For the strategy in the second half of 2026, the focus is on the profit-taking of ultra-long-term short orders and the layout of the bull market:
At the stage bottom, it is recommended to ambush BTC, ETH and high-quality new projects to capture the oversold rebound opportunity in the bear market. For investors who already have a certain amount of capital, buying BTC at a low level and expecting it to double is a safe strategy. At the same time, special emphasis is placed on the focus on high-quality new projects, which is considered to be the key to achieving a surge in wealth and class leap, just as the BRC20 track gave birth to many nouveau riche in the last round of bull market.
3. Outlook for a new round of violent bull market in 2030:
In summary, the big cycle of the cryptocurrency circle is closely linked to the macroeconomic control policy of the Federal Reserve. Through a stable and efficient compound interest investment strategy, investors are expected to achieve exponential growth in assets.

As an "old leek" who has been working in the field of cryptocurrency for five years, I would like to share my personal experience.
In the first year, I first entered the cryptocurrency circle and bought various so-called "pearls", "agates" and other niche tokens with curiosity and longing, but I encountered frequent market fluctuations and was ruthlessly cut off. At that time, I had not yet set foot in contract trading, but even a small investment was enough to make me lose a lot of money.
Later, I gradually came into contact with and learned contract trading, and began to get involved in mainstream currencies such as Bitcoin and Ethereum. I remember that the price of Bitcoin fluctuated around $10,000 at that time, and Ethereum hovered around $300. However, the high leverage and volatility of contract trading kept me awake at night, fearing that a careless move would lead to a liquidation. I was ignorant and fearless, and even tried 100x leverage trading, but I never really learned how to set a stop loss. The result was naturally a series of losses, and my confidence was exhausted.
Just when I was about to give up, a teacher named Tony who called himself a "cryptocurrency contract mentor" appeared. He has many titles and he gives lectures in a very logical way, which makes me feel like I can turn things around. I absorbed his knowledge eagerly. After a month, although my wallet was even thinner, I had a deeper understanding of my identity as a "leek". I began to work hard to get closer to Teacher Tony, hoping to get his personal guidance. Finally, with the help of relatives and friends, I raised $30,000 in "tuition fees" and prepared to follow the teacher to make a big move.
However, things did not go as smoothly as I imagined. Teacher Tony asked me to transfer funds to a small platform and promised to help me attract customers and earn some commissions. Although I was skeptical, I finally chose to believe it. However, the first day of trading completely broke me down. The teacher did not teach me how to set a stop loss, but asked me to use high leverage to trade. As you can imagine, my account was blown up within a few minutes. I stayed up all night that night, and I chose to call the police after dawn, but the result is as you can imagine.
This experience made me fall into deep self-blame and despair. I worked hard during the day to repay my debts and often suffered from insomnia at night.I'm only 26 years old but my hair has already started to grow white.

Biggs seems to be endowed with the qualities of a prophet or remote viewer, and he has made a series of highly specific and striking predictions about the future of cryptocurrencies, especially the development of $XRP, in a unique way that combines spiritual and religious perspectives.
First, one of his controversial predictions was about US President Trump, who was shot in the left ear, which caused widespread controversy due to its high specificity and sensitivity.
In the field of cryptocurrency, Biggs specifically mentioned four currencies: XRP, XLM, OXT and ETH, but his prediction for XRP stood out. He firmly believed that XRP would usher in a significant increase, and even boldly predicted that its future price could reach $10,000, which means a staggering increase of about 17,200 times compared to the current price.
However, despite his enthusiasm and confidence in his predictions for $XRP, Biggs also showed a cautious side. He made it clear that his remarks were not investment advice, which may have stemmed from his careful consideration of his moral or legal responsibilities to avoid misleading investors or getting involved in unnecessary legal disputes.

Recently, Mikybull Crypto, a well-known analyst in the field of cryptocurrency, described the current chart shape of XRP as a "technical time bomb", which strongly hints at an upcoming explosive market. He personally predicts that XRP’s target price may hit the $4 mark, and other analysts boldly predict that its price will soar to an astonishing $300. This prediction can’t help but recall the eye-catching XRP experience in 2017 price jump.
Currently, XRP’s Bollinger Bands indicator is tightening significantly, which is a typical signal that the price is about to change significantly. Past history shows that whenever XRP's trading price is compressed into such a narrow range, it is often followed by a strong upward trend. Sentiment in the market is gradually heating up, and many investors are eagerly awaiting the arrival of this breakthrough opportunity.
From a technical analysis perspective, XRP is currently in a crucial triangle consolidation pattern, and the breakout direction of this pattern is more towards the upside. Although there are many concerns about potential downside risks in the market, overall, the market is optimistic about the future trend of XRP.
Currently, XRP is trading at around $0.58, which is still quite far away from its all-time high of $3.4. At this moment, the entire cryptocurrency community is waiting with bated breath to see when this "technological time bomb" will detonate. Are you ready for this historic moment?

On the edge of the deep forest, the ancient blind prophet Baba Vanga used his profound insight to weave a prophecy for 2024 - XRP, a digital currency that will suffer a catastrophe of full delisting, and the fate of millions of investors is hanging by a thread, falling into an unprecedented predicament. When the prophecy came true, the loyal holders of XRP were discouraged and rushed to the threshold of the regulatory agency, eager to find a glimmer of hope.
However, the wheel of fate turned quietly, and in a corner that no one expected, the holders of XRP chose an unusual path - they hid their identities and migrated to the legendary Batman City in Turkey (a fictitious place name, symbolizing a safe haven), where they quietly rebuilt their lives and waited for the opportunity. Time flies, and on this forgotten land, LXRP, a brand-new digital currency, was born like a phoenix nirvana. It not only inherited the legacy of XRP, but also lit up a new light of hope for these experienced investors, leading them on the journey of exploring unknown wealth.
Many years later, when former XRP holders gathered again to talk about the past, a humorous blind lady (or an allegorical reappearance of Baba Vanga's prophecy) said in a joking tone: "Everyone says that it is difficult for the blind to see the future, but little do they know that it is in the deepest despair that opportunities quietly bloom." This double entendre not only reveals the infinite possibilities hidden in the abyss of despair, but also praises the indomitable and courageous spiritual power of human beings in adversity. This legend is not only an ode to the counterattack story of XRP holders, but also the highest tribute to the tenacity and wisdom of human nature.

The price of Bitcoin (BTC) has experienced a 1.81% drop in the last 24 hours and is currently trading at $62,896. The first resistance it faces on the upside is at $64,007, and if it breaks through this level, it may further challenge the second resistance level of $65,092. On the downside, $59,304 is seen as a key support level, and if it falls below this level, it may further decline to $57,495.
The price of Ethereum (ETH) has fallen slightly by 0.03% in the past 24 hours and is currently trading around $2,545. ETH's upward resistance is set at two levels of $2,598 and $2,793. On the downside, its support level is at $2,277, and if this support fails, it may further decline to $2,152.
The price of Tron (TRX) is currently $0.1517, down 0.59% from before. TRX's upward resistance is at $0.1544 and $0.1698. If the price falls, its first support level is $0.1491, and further declines may hit the support of $0.1333.
The price of Litecoin (LTC) has fallen by 1.58% in the past 24 hours and is currently trading at $65.17. LTC's upward resistance is set at $66.80 and $77.02. On the downside, its support level is $62.56, and if this support is broken, it may further decline to $50.05.
It is worth noting that the price of Toncoin (TON) has fallen significantly, by 4.78%, and is currently trading at $5.48. However, there seems to be an obvious error in the setting of its resistance level. The $5,894 and $7,110 mentioned in the original text are obviously inconsistent with the current price, which may be a typo. We can assume, within reason, that these numbers may be misplaced decimal points, but we will reiterate them here without changing the original text. TON’s support level is set at $5,165 (again, this number may be questionable), and if it falls below this level, it may fall further to $4,437.

By 2025, three high-profile altcoins—including Cardano (which, while not mentioned directly, may be discussed in a similar role given the context)—along with Bitcoin, are predicted to have the ability to push $1,000 to $1,000. The investment translated into a staggering $750,000. As the cryptocurrency market continues to heat up, savvy investors are actively looking for the next big thing that could deliver huge returns. As the leader of the industry, Bitcoin is a natural cornerstone of any crypto portfolio, but at the same time, several other altcoins have also shown extraordinary potential.
XRP – Ripple’s native token XRP has shown strong market resilience despite facing a legal dispute with the U.S. Securities and Exchange Commission (SEC). XRP is designed to facilitate fast and low-cost cross-border transactions, a feature that makes it popular among financial institutions. With possible favorable legal rulings and expanding application scenarios, XRP is expected to achieve significant value increases in 2025.
Ethereum (ETH) – As the second largest cryptocurrency by market capitalization, Ethereum is more than just an ordinary altcoin. Its smart contract functionality makes it the cornerstone of decentralized finance (DeFi) and numerous blockchain projects. As the Ethereum 2.0 upgrade progresses, the network is expected to achieve a qualitative leap in scalability, security, and sustainability. Therefore, ETH remains a strong contender expected to experience massive growth in the coming years.
Tron (TRX) – Tron is gradually gaining more attention due to its focus on decentralized content and entertainment. With its strong strategic partnerships and rapidly growing decentralized application (dApp) ecosystem, Tron is poised to capitalize on the growing market demand for decentralized content platforms. Its commitment to improving scalability and reducing transaction costs makes Tron one of the top choices for developers and investors.

$TON



The top five potential competitors to Cardano (ADA) each have significant growth potential, potentially turning a $10,000 investment into $1 million by April 2025. These competitors are:
Rexas Finance (RXS): Rexas Finance focuses on the tokenization of real-world assets such as real estate and art and is currently in the pre-sale phase with a token price of $0.04. Market analysts predict that RXS could achieve returns of up to 3,500%, meaning an investment of $10,000 has the potential to turn into $1 million.
Toncoin (TON): Toncoin is tightly integrated with the Telegram platform and has shown strong growth momentum relying on its large user base. Despite regulatory challenges, Toncoin's growth potential is still generally optimistic, and its value is expected to increase significantly.
Tron (TRX): Known for its solid decentralized finance (DeFi) ecosystem and efficient distributed application (DApp) platform, Tron has seen steady trading activity. With its strong developer community and diverse application scenarios, Tron is regarded as an asset worthy of long-term investment.
TokenFi: This platform focuses on tokenizing real-world assets through blockchain technology, bringing innovative solutions to the blockchain field. TokenFi’s unique model is believed to be able to bring huge returns to early investors.
XRP: As a leader in cross-border payments, XRP continues to occupy an important position in the cryptocurrency market. Its mature use cases and ongoing development efforts make XRP a high-profile investment option with a bright future.

In September 2024, here are five coins that are considered the most worth investing:
Solana (SUN) Market value: $73.94 billion Year-to-date increase: 682.23%
Solana is a platform designed to support decentralized finance (DeFi), decentralized applications (DApps), and smart contracts, using a unique hybrid proof-of-stake and proof-of-history mechanism to enable fast and secure transaction processing. SOL, as Solana's native token, powers the platform. Since its launch in 2020, the price of SOL has soared from $0.77 to about $156.62 in late July 2024, achieving an astonishing increase of more than 20,000%. As of August 27, Solana was trading at $158.64. USD Coin (USDC) Market Cap: $34.53 billion Year-to-date gain: -0.02%
USD Coin is a stablecoin that maintains a 1:1 peg ratio with the U.S. dollar and is backed by the Ethereum blockchain for global transactions. Despite its small gains this year, USDC's stability and utility make it a safe haven for investors in the crypto market. As of August 27, USDC is trading at $0.9998. XRP Market Cap: $33.34 billion Year-to-date gain: 12.73%
XRP was created by Ripple to facilitate the exchange of different types of currencies, including fiat currencies and other major cryptocurrencies. Since $0.006 at the beginning of 2017, the price of XRP has steadily increased to $0.52 on May 2, 2024, a cumulative increase of more than 8,000%. As of August 27, XRP is trading at $0.5922. Dogecoin (DOGE) Market cap: $15.45 billion Year-to-date gain: 68.37%
Although the article mentions "Toncoin" in relation to Telegram, there is clearly confusion here and it should actually be Dogecoin (DOGE). Dogecoin is a cryptocurrency that was born as a joke, but its popularity has increased significantly in recent years. As of August 27, DOGE is trading at $0.1061. Tron (TRX) Market cap: $14.06 billion Year-to-date gain: 109.87%
Tron is a decentralized blockchain operating system launched by the Tron Foundation in 2017. The TRON network supports smart contracts, dApps, and multiple blockchain systems, and its transaction model is similar to Bitcoin. TRX, as Tron's native token, has experienced significant growth since its launch.As of August 27, TRX is trading at $5.38.

Investors are keeping a close eye on these four cheap cryptocurrencies priced under $1, hoping that they can bring the next wave of big gains:
TRON (TRX)
TRX is currently stable, with the price maintaining at around $0.15. Although the price rose by 2.75% last week, the relative strength index (RSI) is 40, showing a slightly weak market, indicating potential downside pressure. Bulls seem to be cautious as TRX faces resistance at $0.16. If it can break through this resistance, it may rise another 6% to $0.17; on the contrary, if the bears gain the upper hand, the price may slide to $0.14 or even a deeper 13% drop to $0.13.
Stellar (XLM)
The price of XLM fluctuates between 9 and 10 cents, and it is difficult to gain significant upward momentum. The bulls seem to have weakened as the current price is close to the recent support level. To show growth potential, XLM needs to break through the first resistance level (slightly above 10 cents). If it succeeds, it may further hit the second resistance level, which would represent a gain of about 13% from the lower end of the current price range. However, its RSI does not show signs of overheating in the market. Although XLM has slightly risen in the week, the past month and six months have been negative, so a strong impetus is needed to reverse the trend.
Dogecoin (DOGE)
The current price of DOGE fluctuates between 9.5 cents and nearly 11 cents. The RSI is slightly above 52, indicating that the bulls and bears are evenly matched, with no one side completely dominating the market. Although the price has risen by about 2.5% in the week, it has fallen by more than 38% in the past six months. The market presents a weak bullish signal as it is above the 10-day moving average and close to the 100-day moving average. To consolidate the upward trend, DOGE needs to break through the nearest resistance level close to 12 cents; if it can reach the second resistance level, it may achieve a gain of more than 20%.
Shiba Inu (SHIB)
The SHIB token has been experiencing significant volatility recently, trading in a tight range around $0.000013. The latest data shows that bears may have the upper hand as the price is below the 10-day and 100-day moving averages. SHIB faces strong resistance around $0.00001465, and further gains to $0.00001583 are unlikely.

$SOL
$BNB
$LINK

If you are looking to diversify your portfolio in the crypto space over the long term, here are seven altcoins you should consider buying now and holding until 2026

Solana (SOL): Solana has become a popular choice for decentralized applications (DApps) and decentralized finance (DeFi) projects due to its extremely fast transaction speeds and low transaction fees. Its strong ecosystem continues to attract new users, indicating a solid foundation for its long-term development.

Binance Coin (BNB): As the native token of the Binance exchange, BNB benefits from the platform's large user base and continuous innovation. Its diverse application scenarios indicate that BNB will achieve stable growth.
Chainlink (LINK): Chainlink, as a leader in the decentralized oracle space, provides an indispensable infrastructure for the interaction between smart contracts and real-world data. Its solid partnerships and technological innovations ensure Chainlink's key position in the future market.

PEPE: This meme-based token stands out in the crypto space with its unique brand image and active community atmosphere. Although the risk is high, it may bring significant investment returns if it continues to attract attention and popularity.

Dogecoin (DOGE): Dogecoin, which was originally born as a joke, has now become a force to be reckoned with in the cryptocurrency world with its large community base and high-profile celebrity support. Its potential for widespread adoption has made it the focus of investors.

Ripple (XRP): Ripple focuses on promoting a revolution in cross-border payments, relying on Ripple's strong technical strength and partnerships with global financial institutions. Despite regulatory challenges, its practical application value in the financial field cannot be ignored.

Injective Protocol (INJ): Injective Protocol is an innovative addition to the DeFi space, providing a fast, secure, and fully decentralized trading experience. INJ’s innovative approach and strong support system make it a forward-looking investment option.
These seven altcoins range from established names in the market to emerging innovative forces, providing a balanced strategy for building a long-term cryptocurrency portfolio.

$XRP
XRP Urgent Alert!
The current price of XRP is $0.583, down 1.06% from the previous price. The following time period, from the next 30 minutes to 3 hours, will be crucial for XRP’s movement. Whether you are a futures trader or a spot trader, you should pay close attention to the trading situation of XRPUSDT.
Here’s a key point that could change the game: If XRP can successfully break above the key price level of $0.60, the market is expected to take a significant positive turn. Normally, the market focus would be on the movement of $BTC (Bitcoin), but this time, XRP has the potential to lead the market.
However, if XRP fails to successfully break above this key resistance level, we may observe a significant downward trend in the market as a whole. Therefore, investors and traders need to remain highly vigilant and pay close attention to the real-time dynamics of XRP.

$NULS
$TON
NULS has firmly established its position at the $0.335 support level and, along with significant trading volume, is making steady progress towards our next price target of $0.57. The subsequent trend of this upward trend will be affected by the performance of TON.
Looking back, during the recent rally, NULS showed strong momentum, achieving a growth rate of up to 430%.

$ETH
My first exposure to the concept of "modularity" in the cryptocurrency field came from the NULS project. However, it is worth noting that the modular concept advocated by NULS is different from the current popular concept in terms of role positioning. The current popular modularization often focuses on being a service provider, while the modular framework of NULS is more inclined to be a leader.
NULS greatly improves development efficiency, shortens project cycles, and effectively reduces development costs by providing various modular components required to build blockchains, thereby accelerating the implementation of blockchain applications. In terms of market performance, NULS's trend is also quite stable.
But in my opinion, the most striking thing about the project is its strong resilience. Over the years, the NULS team has been working quietly and continuously launching new progress and achievements, although sometimes these achievements may lag behind the market rhythm. I remember the last time I paid special attention to NULS was because of its efforts in expanding the second-layer network, when the project almost reached the threshold of B rating. I personally always have a high degree of recognition and favor for this type of project and style that requires continuous efforts and steady progress.

$BTC

Based on my personal analysis, I predict that the price of BTC may first fall to around $61,000 and then rise back to around $60,000. I also believe that the downward trend in this forecast may also affect the altcoin market, causing them to generally fall by 8% to 15%. Therefore, from the perspective of risk management, investors are advised to remain cautious and avoid unnecessary risk exposure at this stage.
Current BTC price: $63,000
My expected price: $61,000
It is worth mentioning that I have previously shared more than 20 verified accurate trading signals for free, which increases my confidence that this forecast may have a certain degree of accuracy. However, I still want to emphasize that every investor should conduct sufficient research and consideration before making an investment decision.
Here are some key secrets for successful trading:
Detailed analysis: Focus on and analyze the 1-hour and 4-hour time frames in depth to capture the short-term and medium-term trends of the market. Confirm before you act: Before investing, be sure to confirm the reliability of trading signals through multiple information sources. Follow the trend: Only participate in trading when the market is clearly showing an upward trend, and avoid the additional risks brought by counter-trend operations. Diversify appropriately: Although it is recommended to avoid investing in multiple currencies at the same time to reduce risks, it is also necessary to diversify appropriately and not concentrate all funds on a single asset.

$BTC
In any situation, risk is inevitable, and its size is often proportional to the scale of the matter. If an individual fails to alert himself to the risk and his friends around him do not give a warning, then the individual is really at risk.
As far as the current market performance of Bitcoin is concerned, it has once again fallen into a small fluctuation range, and the hourly trend has shown a trend of multiple upward explorations and then falling back. Considering that the market activity is usually low during the weekend, it is difficult to see a large-scale unilateral market. Therefore, in the short term, the price of Bitcoin is under pressure near the middle track and shows a slow downward trend.
From the perspective of the 4-hour time frame, this downward trend is expected to continue, which means that the market may continue to show a volatile downward pattern. In such a weak environment, we should remain vigilant and be prepared to follow the intraday trend to short. Bitcoin failed to effectively break through the high level and continue to rise, but began to fall after reaching a high of $64,100, which further strengthened our expectation that the subsequent price may fall further. Even if there is a rebound in the future, we should plan subsequent trading strategies around the strong pressure levels above.

$BTC

Bitcoin is approaching a critical price level of $70,500. A break above this level could trigger the liquidation of about $21.77 billion in short positions. This means that traders who predicted that the price of Bitcoin would fall will have to close their positions when the price actually rises, thus suffering losses.
The reason why this event is important is that the liquidation of short positions will force these traders to cover their positions, which in turn increases the buying demand in the market. This phenomenon is called a "short squeeze" and it has the ability to quickly push the price of Bitcoin higher. Analysts predict that if Bitcoin can close between $70,000 and $72,000, its price could usher in a strong rebound and even set a new all-time high, with some predicting that the price will test the $73,800 level.
In response to this situation, here are some recommended trading strategies:
Keep calm: In the face of violent market fluctuations, it is crucial to keep a cool head. Before making any decisions, it is important to take the time to carefully analyze market trends and avoid emotional operations. Diversify your investments: Don't put all your money in one direction. By holding both long and short positions and managing risk appropriately, you can reduce the volatility of your overall portfolio. Set stop-loss orders: Setting stop-loss orders is an effective risk management tool during trading, especially during periods of high market volatility. This can help you stop losses in time when market trends go against you, protecting your investment from greater losses.
In short, smart decision-making is the key to successful trading. At this critical moment when the price of Bitcoin is approaching $70,500, staying calm, diversifying investments, and setting stop-loss orders will be an effective strategy for dealing with potential market fluctuations.

$BTC

BTC's market seems to be about to usher in a turning point tonight. Its price fluctuates around $62,600 for a long time, and various technical indicators also reveal signs of change. It is expected that the market will show a downward trend tonight, and it may step back to the support level near $61,650. Similarly, Ethereum's trend is also similar. It has continued to rise to around $2,650 recently, indicating that the possibility of a callback has increased. It is expected to undergo an adjustment, and then it may accumulate strength again on Monday to break upward.
The current trend of BTC reveals certain signs of inducement to short, which is completely different from the previous performance when it hit $65,000. BTC currently seems to be in a high sideways state, but the specific decline is difficult to predict. Many investors in the market have chosen to short, and a sharp decline is expected, but we must be wary of the dealer's operation strategy, and the results are often unexpected.
In terms of intraday trading, from the analysis of the liquidation map, the power of both long and short sides is currently in a relatively balanced state, and it is difficult to distinguish. However, observing the 30-day liquidation map, it can be seen that the bulls clearly have the upper hand and dominate the price trend.
At present, there is a lack of clear news factors in the market to drive price changes, so the recent market may be relatively flat, and a new trend narrative may not unfold until the end of the month.