Bitcoin Remains Strong, But Will Altcoin Season Be Delayed Until 2025?
The cryptocurrency market got off to a swift and somewhat tense start to November. Bitcoin (BTC) is on its way to a record $73,000, but investors are having a tough week. Uncertainty over the outcome of the U.S. presidential election and the Federal Reserve’s expected rate cuts have heightened market volatility and put traders on edge.
Bitcoin’s Price Trends and Market Dominance Last week, Bitcoin made a full effort to break through the key $73,000 level, but suffered a setback as bulls failed to successfully break through. The weekly close showed an inverted hammer pattern, sending mixed signals to investors. Despite the volatile price, Bitcoin's market dominance surged to over 60%, further consolidating its position as the strongest asset in the field and reflecting investors' continued confidence.
Dogecoin Price Prediction: Analysts Believe Dogecoin Will Experience Explosive Growth, But Advise Purchasing Its SHIB Competitor
Is the price of Dogecoin ready for a long-term recovery or further consolidation?
Dogecoin (DOGE) has recently seen a surge in trading volume, reaching several billion dollars. The significant increase in volume may indicate the continuation of its recovery phase or a reversal. However, the price of Dogecoin is facing short-term resistance at $0.15.
The cryptocurrency is currently in recovery mode, with price movements indicating renewed interest from investors in crypto assets. Experts believe that given the resistance Dogecoin's price faces at $0.15, it has the potential to return to an upward trajectory. If Dogecoin (DOGE) can break through this resistance, its long-term recovery journey will commence.
Vitalik Buterin defends Ethereum roadmap on X, dominates KOLs’ minds
Last week, Vitalik Buterin received the highest “KOL mind share” on Crypto X, becoming a leading voice amid growing criticism of the Ethereum network and its foundation.
Buterin, known for his technical insights and open communication style, outlined Ethereum’s vision at X while responding to critics who have questioned the Ethereum Foundation’s strategy and its impact on the blockchain’s growth trajectory.
He provided insights into the continued development of the ecosystem and highlighted strategic priorities for enhancing network robustness and interoperability.
Bitcoin Bulls Maintain Strength, Key Price Levels Continue to Rise
# Opportunities and Challenges in the Stock Market
In today's complex and ever-changing economic environment, the stock market, as an important component of the financial sector, has always attracted significant attention. For many investors, the stock market contains both tremendous opportunities and risks that cannot be ignored.
The opportunities in the stock market are primarily reflected in several aspects. First, stocks have a high potential for returns. The stock prices of quality companies tend to rise as the business develops and profits grow, bringing substantial returns to investors. For example, certain tech companies experience rapid expansion driven by innovation, leading to significant stock price increases in a short time, allowing early investors to achieve returns of several times or even dozens of times their investment. Secondly, the diversity of the stock market provides investors with a wide range of choices. Companies of different industries and sizes have listed stocks, allowing investors to construct a diversified investment portfolio based on their risk preferences, investment goals, and time horizons, thereby spreading risk and enhancing overall investment returns. Additionally, the strong liquidity of the stock market allows investors to relatively easily buy and sell stocks, adjusting investment strategies in a timely manner to meet liquidity needs.
Beige Book Supports Fed Rate Cuts, Bitcoin Recovers to $67,000, Dollar Index's Upward Momentum Stalls
The Beige Book has bolstered hopes for the Federal Reserve to cut rates by 25 basis points in November and December.
After the release of the Beige Book report, the dollar index's upward momentum stalled, paving the way for a recovery in Bitcoin.
The latest U.S. economic conditions survey from the Federal Reserve released on Wednesday shows a bleak outlook, providing justification for further rate cuts in the coming months, with Bitcoin (BTC) returning above $67,000.
The latest version indicates that since the beginning of September, 9 out of 12 regional banks reported stagnant or slightly weaker economic activity. Manufacturing activity has declined in most regions, and signs of some slowing in consumer demand have emerged.
On October 22, the US spot Bitcoin ETF saw net outflows of $79.12 million
On October 22, the US spot Bitcoin ETF saw net outflows of $79.12 million, ending a streak of seven consecutive trading days of net inflows. Trader T emphasized this change in a post on X, detailing the fund flows among major ETFs in the market. Notably, BlackRock's IBIT recorded the largest net inflow at $42.95 million, followed by Fidelity's FBTC with $8.85 million, and VanEck's HODL with inflows of $3.82 million. In contrast, ARK Invest's ARKB experienced a significant net outflow of $134.7 million, while the remaining ETFs showed no significant net inflows or outflows that day.
WIF rebounds 50% in 30 days: Is it time to reassess stability?
Dogwifhat (WIF) has become a leader in the Solana ecosystem, having risen 50% in price over the past month. Investors have taken note of this surge, with WIF's value nearing the $3 mark.
However, technical indicators suggest that even with strengthened momentum, a pullback remains possible. So, let’s analyze whether WIF's price will rise or fall in the coming days.
Bearish signal appears:
On October 14, WIF approached $3, reaching $2.96. However, the resistance level at $2.82 has blocked this momentum for the first time since July. This stagnation has raised concerns that WIF may have reached a local peak, indicating bearish risks, as emphasized above.
Crypto Market Early Report 🥇🥇🥇 2024-10-22 Analysis of Bitcoin and Ethereum trends, wealth codes, long and short ambush points…
BTC 4-Hour Candlestick Trend: Resistance Level: 68220~69008 area Support Level: 66497~67280 area
ETH 4-Hour Candlestick Trend: Resistance Level: 2741~2802 area Support Level: 2602~2641 area
Technical Analysis: Bitcoin's 4-hour cycle candlestick was affected by a double top pattern yesterday, with the price retracing to around 66840. Currently experiencing a decrease in volume (insufficient trading volume); the MACD indicators for the 4-hour and 6-hour cycles continue to show a non-rooted water pattern, indicating a need for price correction. Once the price retraces to form a bottom divergence pattern on the 30-minute and 1-hour cycles, long positions can be taken for profit. 🥰 !(Please set stop-losses, fasten your seatbelts, and take protective measures with the three steps for recovery) {Contract Thinking} Short-term trading mindset: If the price retraces to the above-marked important support levels, you can set up a long position with a small amount for entry {Spot Thinking};
Investment involves risks, and caution is required when entering the market. The above analysis is for reference only! You can also make corresponding layouts for altcoins based on Bitcoin's correlation effect!
If you don't advance, you will retreat. This time, Bitcoin obviously did not retreat quickly, and held the previous 66,400 US dollars. Holding here means that Bitcoin is ready to break through at any time.
It is very easy to judge here. The fluctuation range of Bitcoin at this position is very small. The lower part is the support of the previous high point, and the upper part is a long-term downward trend line. After breaking through here, it is the long-awaited 70,000 US dollars.
Just wait for confirmation here, the Shanzhai season bull market will return at any time, but this position also needs special attention, because it is necessary to confirm whether it is a false breakthrough or a stable position. If it is a false breakthrough, it will at most touch and go back to continue to sort out and seek breakthrough opportunities.
If it is a real breakthrough, 70,000 here must not only require volume cooperation, but also break through here in one breath and cannot stay. The best trend is to go directly to 73,777 US dollars, and then pull back to regard 70,000 as a support level. At this time, it is considered okay to return to a wide range of fluctuations.
Follow me, daily market analysis and technical sharing, to help you get rich in the bull market.
Worldcoin (WLD) Rises: Is This the Start of a New Rally?
Worldcoin (WLD) has been climbing the charts lately, showing a potential growth trend. Although the token has not yet received widespread attention, its recent trend suggests that something big may be about to happen.
Worldcoin (WLD) has been on a tear lately, showing signs of potential growth. While the coin has yet to attract widespread attention, recent trends suggest that something big may be about to happen.
According to the relevant post, WLD has risen 67% in the past 4 weeks to its highest level in 2 months, trading above $2. In addition, technical indicators are sending bullish signals, suggesting a possible breakout.
$1000SATS $PEPE $ORDI As someone who has experienced two rounds of bull and bear markets, I have never been as disappointed or even desperate about the cryptocurrency market as I am now. The entire market is rolling back and forth like a meat grinder. It starts to fall after a slight increase. The long-term price is getting lower and lower. There is basically no hope for old coins.
The market value of newly listed coins is often tens of billions of dollars, and institutions hold almost the entire market at the beginning. There is no opportunity for retail investors to participate at the first level. Institutions have the pricing power and can manipulate the market at will, but they are still cut miserably. What about the blockchain revolution that everyone is equal? In the end, it returned to the traditional financial system.
Only Bitcoin, as always, makes people who believe in it make money. Although the increase is not as good as in the previous rounds, it is the most stable.
But with such a high price of Bitcoin, what opportunities do ordinary people like you and me have? Speculating in coins is for getting rich quickly. No matter how awesome your Bitcoin is, it is meaningless to me if you can't get rich quickly.
Since there is no chance for old coins, vc coins, and Bitcoin, I began to retreat.
Until the meme sector became popular, and there appeared monster coins like Pepe that rose by dozens of times, I clearly realized that meme is the original appearance of blockchain, pure, decentralized, everyone participates fairly, and no force has absolute pricing power.
Although most of them have the phenomenon of insider trading, it is still the best choice in this market.
So I decided to embrace meme and look for small-cap memes with potential. Finally, I found sats, a coin that pays tribute to Satoshi Nakamoto. The number of wallets has reached tens of thousands since the beginning of the inscription, exceeding the ancestor of the inscription ordi. This is a very or even absolutely decentralized coin, and it is the most closely related to Bitcoin, the largest meme that occupies half of the market value of the currency circle. The market value is only 600 million US dollars, which is simply a value depression. Due to its decentralized nature, no force can control it. In the future, it has the potential to surpass BCH and even keep pace with Bitcoin.
MEW Breaks Barriers: Price Analysis and Path to All-Time Highs
On October 14, MEW’s price surged above the descending resistance trendline, recording an impressive daily close. This peak was just below the all-time high of $0.00929, but it excited MEW holders. Next, let’s explore what the recent price action means for the future of Cat in a dog’s world.
Breakthrough of key resistance
Recently, MEW closed above the critical resistance level of $0.00800, which can now be considered as a new support area. Both the daily relative strength index (RSI) and the moving average convergence divergence (MACD) indicators are signaling a strong bullish trend.
Brothers, I have recovered a lot today. No matter how bad the market is, I still insist on daily analysis. Recently, everyone has placed orders according to my daily points, and basically bought at the lowest point. Without further ado, let's start today's analysis.
$BTC BlackRock bought 14,745 BTC in the past three days. The number of wallets holding 100-1,000 BTC increased by 268 from October 10 to 13, which are all bullish signals. The technical daily descending channel has been broken, and the final resistance level of 72,000 is currently being tested. It is expected to break through soon. Once the resistance level is broken, the big shorts will be beaten, and Bitcoin will easily rush to the 100,000 mark. The demand area below is still around 67k/66k. It is a good opportunity to take a long position when it falls here. Generally, it will form two 4-hour top divergences before a real callback. Short-term bulls need to pay attention. This is the first top divergence.
$ETH The exchange rate of Ethereum has fallen to the extreme. BlackRock bought 11 billion Ethereum, betting on Ethereum's rebound. If you chase long positions, you should give priority to Ethereum. The current 5-day daily consolidation is a wash before the surge. $Sol has been selling because of the impact of FTx, which has caused selling pressure. In addition, a large amount of unlocking next year has shown a downward trend. At present, it will accelerate to take off only if it effectively breaks through the 163 position. You can arrange long orders below 150. The exchange rate of the cottage this year is generally meme. The Ai sector started first. Today is the game sector $bigtime, $YGG led the surge. Other sectors will come when they should. The cottage bull will only be late but not absent. Hold on. Many institutions have bought $Eigen recently. Everyone pays close attention. #BTC要挑战7W大关了吗?
BTC 4H Strong shock consolidation 66800-68000 forms a trading range 66800 can be used as an important short-term support Bulls will actively bet on breakthroughs here Once the range is formed, there will be inertia, buy low and sell high until a successful breakthrough Is it a consolidation breakthrough or a callback? Let's see how the market works out #BTC要挑战7W大关了吗?
Bitcoin price surges to $68,000 days before US election
Bitcoin prices surged to $68,000 as traders took advantage of positive market sentiment ahead of the U.S. election. The price rally was driven by investors buying into the market downturn after a challenging September.
However, the continued selling of Bitcoin by short-term holders at around $68,000 has created strong resistance that could cause prices to fall back.
The surge in Bitcoin prices is related to political factors. Polymarket data shows that Donald Trump has a 60.9% chance of winning and Kamala Harris has a 39.1% chance of winning. This political atmosphere has increased Bitcoin's appeal to investors.
The recent price fluctuates in the range of 66600 to 68400, forming a relatively narrow range of shock consolidation.
The 1-hour K-line retracement is very tight, and the bottom support is very tight. In addition, although the opening of the US stock market last night was relatively volatile, it was still in the shock range. At present, the market prompts a test, and the direction continues to be bullish.
Ethereum is still very weak. Now Bitcoin has reached 68,000, but Ethereum is still indifferent. It seems that nothing has happened to it, so now people are everywhere cursing Vitalik and the foundation for selling everywhere. For those of us who hold Ethereum or are optimistic about Ethereum, it is really helpless. It seems that this round of bull market is led by Bitcoin and the cottage industry, and Ethereum is just slow and not making any effort. Are you still waiting for the trend and the Prague upgrade?
According to the market, the pressure level is around 2660-2700, and the support is around 2550-2460. From the daily level, it is in a state of triangle about to break through. If two big positive lines stand on the middle track in 4 hours, you can enter the order. Or you can connect at the 2552 support. As long as Bitcoin breaks through the previous high, the overall trend of Ethereum will definitely be upward. Don't short, just go with the trend.
Goldman Sachs predicts the Fed will cut interest rates: Cryptocurrency bull market is coming
As inflationary pressures ease, Goldman Sachs expects the Fed to conduct a series of 25 basis point rate cuts between November 2024 and mid-2025. These consecutive rate cuts are expected to reduce the terminal rate range to 3.25% - 3.5%, raising questions about whether this shift will prompt another bull run in the cryptocurrency market.
The Fed’s Strategy for Stabilizing Inflation According to the FedWatch tool of the Chicago Mercantile Exchange, the current Fed overnight interest rate is between 4.75% and 5.00%, and the probability of a 25 basis point rate cut at the next meeting is 94.1%. By cutting interest rates, the Fed aims to achieve its 2% inflation target, which has long been elusive.
The Bitcoin Gubi trend indicator has a multi-cycle resonance trend of long and long investment in large, medium and small cycles. It is expected that the price will continue to rise in the future. In the small cycle of 30 minutes and 1 hour, the moving average grid tactics are used. Once the price pulls back to EMA30, EMA40, EMA50, EMA60, EMA78, the death squad tactics are used to enter the market with light long positions 🥰🥰🥰 (The death squad tactics do not require stop loss, one rises and one falls)