The cryptocurrency circle has experienced ups and downs, but my heart remains the same after the storm. I smile at the wind and clouds and move forward fearlessly. I have been engaged in blockchain for eight years and have experienced two rounds of bull and bear markets. I am an old blockchain investor. I analyze the trend of cryptocurrency and am a senior analyst. I have top first- and second-level resources and my own investment research team.
1. The market has performed well recently, and copycats may make up for the rise. The leader of AI, TAO, has performed very well recently, rising 3 times from the bottom.
2. This time, the big guys of TOKEN 2049 blockchain mentioned decentralized artificial intelligence (AI). This shows that the AI sector will not decline so quickly, and it may still be a topic of hype in the future.
Will Bitcoin (BTC)'s $70,000 attempt fail? A massive XRP triangle breakout is imminent, and Ethereum (ETH) bullish momentum is fading
As has been the case for the past few months, the price channel that Bitcoin is in is trending downwards. As Bitcoin approaches the upper limit of the channel (around $70,000), the chances of another attempt to break through this level will increase, but the possibility of a pullback will also increase at the same time.
According to chart analysis, Bitcoin's price action has recently rebounded from lower levels, showing strength, but it is still stuck in this descending channel. Bitcoin needs a strong catalyst or considerable buying momentum to break through the upward trend line and move towards $70,000.
BTC has been sideways for a day, and the Bollinger Bands are narrowing. It is expected to show a direction tomorrow and the day after tomorrow:
- Scenario 1: Break upward, complete a small-level bat pattern and test 64k again, form a head and shoulders top pattern and then turn downward, break 62k and test the shark pattern of 59-60k and then stand firm, and start the next wave of market - Scenario 2: Break directly downward, test 59-60k, and then stand firm after a small shock to start the next round of market
Do you think it is Scenario 1 or Scenario 2? If you have other ideas, please leave a message to tell me
Is the XRP Price Breakout Finally Coming? Key Levels to Watch
In a recent video, More Crypto Online discussed how XRP is moving sideways amidst a broader sideways correction. He highlighted the possibility of a breakout, which is driven by a triangle pattern, perhaps signaling a bullish reversal.
As this series of events unfolds, traders and investors are watching the market closely and wondering whether XRP will break through key levels or remain in a correction phase.
XRP’s sideways trend and triangle pattern
XRP has been in a sideways correction since the beginning of July. According to More Crypto Online, this movement indicates the existence of an ABC pattern, with the B wave possibly forming a triangle. XRP has tested the support area several times and has a chance to rise to the $0.80 to $0.90 range.
BONK reached 0.000018u at the hourly level. Such a rapid rise is usually accompanied by fluctuations in short-term market sentiment. Short-term speculators may feel uneasy, and more holders may wait for further stability and clear direction of the market.
Spot recommendation WIF Entry price: current price Take profit target: 1.88/2.0/2.25 Stop loss position: 1.55 Recommendation reason: DogWifhat is a Meme coin on the sol chain. It has been a strong currency since its launch. The cottage market has started, and the strong currency is still strong. The current market has fallen back to the range, and the spot can intervene! REEF SUI NEIRO CATI #币安上线CATI #美国8月零售销售环比好于预期 #特朗普首次使用BTC
Fed Governor Bowman: A large rate cut may be seen as an early declaration of victory in the fight against inflation
Fed Governor Bowman said that it was appropriate to agree to readjust the federal funds rate level at the September meeting, but preferred to implement a smaller rate cut for the first time.
Worried that the Fed's larger policy actions may be interpreted too early as a declaration of victory in the fight against inflation; spending data continued to grow steadily; inflation above target remains a concern.
The economy remains strong and the labor market is close to full employment; respect and appreciate the opinions of colleagues who prefer to take a larger rate cut, and remain committed to working with them to ensure that policies are properly positioned to achieve the dual mission goals.
If you want to play the second level, just watch the market more often, and you will have a feeling.
Just like this, the trading volume continues to decrease, and then the indicator begins to show a top divergence.
Then when the price cannot reach a "higher high", I will have a feeling that it will fall. Now it mainly depends on whether the support area of 62540 can be maintained.
I have ambushed several Layer1 and Layer2 coins. Currently, mainstream second-layer coins like OP, ARB, and SOL are very cheap compared to before. If you are looking for a bargain now, you will definitely get something unexpected after a while! #币安上线CATI #DODO助力Meme发行 #加密市场反弹
How to get out of a trap? Today we mainly talk about how to get out of a trap 1. If you buy the wrong direction, especially if you buy a coin that has risen sharply at a high point, you must be ruthless and sell it early to keep your assets. There are many opportunities in this persimmon market. Seize a wave of opportunities and you can turn over your position at any time 2. If the coin in your hand is not good and keeps falling, then look at the market conditions. If that coin is going to rise, change it and use the new profit to make up for the old loss 3. If the trap is too deep and the conditions are still falling, sell part of it and buy it back when it is lower, so as to reduce the cost and wait for the rebound opportunity. REEF SUI NEIRO ALEO #DODO助力Meme发行 #美联储宣布降息50个基点 #新币挖矿CATI
There are two and a half hours left before CATI is online. You can start mining now. Sell the previously mined coins directly. REEF SUI ALEO NEIRO #美国大选如何影响加密产业? #美联储宣布降息50个基点 #moonbix