Will those who haven't sold at a profit come crashing down? Will the retail investors miss out on a big bull market?
The dynamics of the financial market are diverse, with spot gold reaching an all-time high, while Bitcoin has entered a correction period after hitting a new peak. The three major U.S. stock indices—the S&P 500, Dow Jones, and Nasdaq—all experienced declines, with decreases of 0.33%, 0.22%, and 0.56% respectively. Macroeconomic data presents a complex situation: the U.S. GDP growth rate for the third quarter was below expectations, slowing to 2.8%, but the labor market outperformed expectations, providing support for the economic fundamentals. Market expectations for a 25 basis point interest rate cut at the November FOMC meeting remain unchanged, but investors are maintaining a cautious stance ahead of key data releases.
Although Bitcoin has recently retreated, considering the derivatives market, on-chain data, and the macroeconomic environment, its long-term upward trend remains solid. Despite Bitcoin about to set new highs, retail participation is extremely low, raising discussions about whether the absence of retail enthusiasm can usher in a major bull market. Currently, Bitcoin is fluctuating around $72,000; although there is a short-term pullback, market indicators still suggest its potential to break through $73,000. The Bitcoin futures market shows strong bullish sentiment, with futures premium rates hitting new highs. At the same time, Bitcoin's price movements are closely related to gold, but both have experienced pullbacks due to U.S. economic data. On-chain data indicates that although there was a wave of profit-taking when Bitcoin surpassed $70,000, subsequent net capital outflows dominated. The premium rate in the stablecoin market is in a neutral range, indicating strong market resilience.
Low retail participation may indicate that Bitcoin still has room for growth. If Bitcoin's weekly closing price breaks key levels, it will confirm a bullish breakout. Additionally, the Short-Term Holder's Spent Output Profit Ratio (SOPR) index shows that although short-term investors have returned to profitability, it has not yet become 'overheated,' indicating further upward potential.
The strong inflow of funds into Bitcoin spot ETFs, the monetary easing cycle of major economies, and crypto-friendly political factors may all serve as catalysts for Bitcoin's rise.
CPI will be announced this Thursday. Can BTC and ETH soar to the sky?
Yesterday's review Yesterday, BTC price fluctuated and pulled back to around 62,000, with a stable overall trend. ETH also followed BTC's footsteps and pulled back to around 2,400. At present, the market remains on the sidelines, waiting for the release of CPI data this Thursday, which is expected to bring good news and push prices further up.
Intraday analysis The short-term and daily technical indicators of BTC and ETH are both healthy, and you can consider following up during the day. BTC's support below is at 61,500-62,000, and the upper resistance is 63,500-64,000. ETH's support range is 2,360-2,400, and the resistance is 2,500-2,530.
As the golden cross of the daily and weekly lines gradually takes shape, Thursday's CPI data becomes the key. If the data is positive, BTC and ETH are expected to break through the resistance and start a new round of rise. In addition, favorable factors such as the general election and interest rate cuts will also bring support to the market.
Altcoin Opportunities During the period of mainstream coin consolidation, some altcoins showed high explosive potential. SATS can continue to be held, with a target of clearing positions around 50. PEOPLE is held in the medium term, and there may be good returns before the election. CKB continues to wait for the ecological outbreak after reducing its position. At the same time, high-quality altcoins such as SSV, BB, and DOGS are also worth mid-term layout. Special attention OKB: Recent performance is strong, and the trading price is close to the cycle high. It is expected to rise slightly in the next few days and is expected to hit a higher price this year. BNB: It has attracted much attention due to the launch of Binance's new project Scroll. It has high liquidity and stable price increases, and is optimistic about the future. MKR: It is expected to maintain between the current price and US$1,960 in the short term. If it breaks through, the increase this year can reach several times. Fundamentals and market sentiment CPI data will be released soon, and market sentiment remains neutral (greed and panic index is 49). Investors should pay close attention to data trends and grasp the market rhythm. At the same time, the altcoin market is also worth digging deeper to find potential high-growth opportunities. In summary, BTC and ETH may continue to consolidate today to accumulate power for tomorrow's rise. The altcoin market has many bright spots. Investors can choose suitable investment opportunities according to their own risk preferences.
The Solana (SOL) blockchain network has attracted a large influx of funds recently, which is undoubtedly a recognition of its technical strength and future development potential. Investors' confidence in Solana has increased, and funds have continued to flow into this ecosystem, including funds transferred from other blockchains such as Ethereum.
According to IntoTheBlock's sharing on social media, Solana received more than $100 million in capital inflows in the past week, of which Ethereum contributed more than $70 million. This data undoubtedly injected strong momentum into Solana's future development.
At the same time, we noticed that Solana's daily active address number showed an upward trend again after a brief decline. Its daily transaction volume has also remained stable in the past 30 days, which further proves Solana's high usage and widespread adoption.
In the field of DeFi, Solana has also performed well. With the increase in total locked volume (TVL), Solana's position in the DeFi market is becoming increasingly solid, providing investors with more choices and opportunities.
However, despite Solana’s remarkable success in attracting funds, its token price has not soared. Instead, the price of SOL has declined in the past few days and weeks, mainly reflecting the reduction in transaction fees and the decline in blockchain revenue.
Market data shows that SOL shorts are currently dominant, causing the token price to fall. At the time of writing, Solana is trading at $144.03 with a market capitalization of over $67 billion. However, what is worrying is that despite the price drop, the trading volume has increased by more than 40%, which may indicate that the price will continue to fall.
Despite this, investors’ confidence in Solana has not been completely lost. SOL’s weighted sentiment indicator has entered the positive zone, indicating that bullish sentiment is rising. This means that although the price may face pressure in the short term, Solana still has great development potential in the long run.
When looking at Solana’s daily chart, we find that despite the increase in bullish sentiment, technical indicators show a bearish trend in the market. This is further confirmed by the decline in the relative strength index (RSI). Therefore, some analysts believe that the price of SOL may fall to $127 in the next few days.
Why are others making positive profits, while you are still stagnant or losing money?
After a long time, you should reflect on the reasons instead of giving up.
The market is a place for gambling. It is normal to make profits and losses.
Achieving overall profits is what we pursue.
Last night, Ethereum 2560 made Kong, W0.37 made Kong, direct sales 0.34, perfect direct sales, and the big cake was taken at 60200, and it was all eaten!
Shiba Inu's 5,000-fold surge in destruction rate indicates an upcoming price increase
While the price of Shiba Inu (SHIB) fell 8% to $0.00001841 in the past 24 hours, while the entire cryptocurrency market fell 3.5%, SHIB, as a meme token, rose 25% in the past week and 37% in two weeks. Behind this rise is the amazing increase of its destruction rate by nearly 5,000 times in a week.
SHIB's meme token characteristics may mean that it has the ability to recover quickly from the current downturn. Some indicators show that SHIB may be about to rebound after a day of decline. It is particularly noteworthy that its resistance and support levels are about to converge, which indicates that a big price breakthrough may be imminent. At the same time, SHIB's relative strength index fell to 30 this morning, which is often seen as a signal that the price is about to rebound. In addition, SHIB's 24-hour trading volume reached $800 million, far higher than $300 million a week ago, indicating that the market demand for SHIB is continuing to grow. The surge in SHIB’s destruction rate was driven by the Bor update released by Shibarium in August, which enabled a mechanism for increasing destruction, further optimizing SHIB’s token economics and ecosystem. Even more exciting, the SHIB team announced that SHIB: Metaverse will premiere in the “near future”, which will make Shiba Inu the core of the SHIB ecosystem, further driving its price up. Market analysts predict that as the market improves, SHIB prices are expected to reach $0.000030 in November, and may even rise to $0.00004 by 2025.
Yesterday, I bought fresh stocks near aleo4.9u and got a small profit of about 20%😁😁
There is no problem with aleo rising to around 12 oil, but most of the Daibi are in the hands of the project party, and the off-market price is around 8. This will cause a problem. The project party will not pull the market in vain to let retail investors around 8-10 dollars get out of the trap. At this time, it should release positive news to attract Zijin to soar directly, and then fall after a certain price, probably back to 5-6.
Don't focus on Cangsuo, just buy it when it falls back.
At present, I have a small Bi that has risen by 50% in the short term. If you have any questions, please ask. #BTC☀
FET has been showing strong upward momentum for a week, but its rapid and strong progress has caused the price of FET to climb to the overbought area of the daily RSI, which has always been closely watched by many investors.
Therefore, FET subsequently saw a few consecutive days of adjustment to take the necessary rest. In order for FET to regain and maintain its strong upward trend, the currency must successfully break through an important resistance level - $1,767 at the daily level.
If FET continues to be in the adjustment stage, the strong support level below it is located near $1,464.
Pepe rushed up after he made us lose money. The stop loss point he gave was still conservative. Next, we still have to follow the method he gave before, add some points to make up for the loss, and the first loss should be smaller😖
First of all, let’s not talk about the results of his platform. The entire market concept is currently the first. Because his mechanism determines the rise of his Daibi price📈.
1: As soon as the market opens, Daibi will be destroyed at 0.25% per hour, that is, 6% per day. If the secondary market does not come in, the token will be destroyed. The more it is destroyed, the higher the price will be for those who have tokens.
2: When buying in the secondary market, 🈶 holding Bi will be rewarded with dividends. No recommendation is required, the official will send Q directly.
3: The entire project team does not have Bi. After the project is launched, a community team will take over the operation. The birth of any 100-fold coin needs to go through a growth cycle. The only important point is to hold! !
With the implementation of the interest rate cut policy and the gradual warming of the market, the trading logic has quietly shifted from the game of interest rate cut expectations to the vision of continued interest rate cuts, innovation boom and bull market cycles. In the market turmoil, the bull market atmosphere is blowing, but the foundation is not yet solid, and the capital flow trend has become a key indicator. The start of a real bull market is often accompanied by the overflow of funds from the mature pool of Bitcoin to Ethereum and various altcoins and meme coins, surging like a tide. At this time, the market is full of vitality and liquidity is overflowing. It is common to see a surge of more than 30% on the list of gains, while the decline is relatively mild, mostly within the normal market fluctuation range.
In Biquan, we pursue opportunities in bubbles. The bull market game is essentially a zero-sum game. Only by embracing bubbles can we get rich. Although value investment is good, it is beyond the reach of mortals like us. It is a long-term game for those with sufficient funds. And we need to practice the skills of turning bubbles into wealth in this ocean full of bubbles.
When the altcoins are in a frenzy, it is the best time for the bubble to expand. At this time, you should bravely hold on and enjoy the feast, but you should also stay sober, stop profits in time, and share the results with your family. #美联储宣布降息50个基点
#BTC Bitcoin is currently fluctuating in the upper boundary area of the daily and weekly moving averages. The weekly fluctuation range is 53,500 to 71,800, with the top area concentrated at 62,850 to 71,800; the daily line fluctuates between 53,000 and 65,500, with the top range of 59,200 to 65,500.
Key resistance levels include the previous high of 65,000 on the daily line, which will challenge 65,500 and 64,000 where the 200-day moving average is located after breaking through. If it continues to rise, it is necessary to pay attention to the resistance of 68,000, which is the upper boundary of the previous falling channel. In terms of support, the 7-day moving average of the daily line is becoming a strong support and is approaching the 62,800 mid-line of the weekly line, forming a double support. Technically, the RSI indicator 62 is high, and if it touches 70, it may trigger a callback, indicating that the bullish momentum may be weakened.
In summary, although Bitcoin's volatility has increased, its trading activity is not high, and 63,000 has become a key point for long and short positions. As market interest rates fall, Bitcoin's trend may be affected by US stocks, especially technology stocks. Both are high-risk assets, and their future trends may show a synchronous trend. Everyone needs to pay close attention to market dynamics and the performance of US technology stocks.
Bitcoin breaks through 63,000, and the next focus is on the pressure level of 65,000.
After the breakthrough, pay attention to the situation near the three-day level resistance of 67,300.
The support level is around 60,500.
The US stock market is expected to open higher at 9:30, driving Bitcoin to rise. At present, the bullish force is obvious, and pay attention to the resistance breakthrough.
How big is the chance of betting on altcoins in this round?
The market is becoming more and more mature, and altcoins are springing up like mushrooms after rain, but the capital in the pockets has not risen wildly, and some have even shrunk. At this time, choosing the right altcoin has become a technical job, just like choosing a watermelon, you have to listen to the sound, see the color, and weigh the weight.
As for me, I don’t like the lazy approach of "buy and leave, wait for the harvest", I prefer to take the initiative, look for opportunities, and make some extra sweetness. After all, for friends who are not well-off, although Pie and Ethereum are stable, they rise slowly, and the real huge profits may still depend on the altcoins on the chain. Speaking of opportunities for altcoins, there are definitely some, but the key is to choose the right ones. You have to see whether its story is well told, whether it is sincerely serving the blockchain, or just want to take advantage of the popularity and make a fortune. This is like finding a partner, you have to see if the other party is sincere to you, right? In the past six months, meme coins have been extremely popular. For example, PEPE and WIF have soared from an inconspicuous small market value to billions. Even old predecessors such as DOGE and SHIB have become more and more courageous and have made the name of meme coins famous.
However, during this period, the technical altcoins of DeFi and infrastructure have been a bit lonely, like toys forgotten in the corner. But fortunately, recently, technical schools such as Aave and Sui have begun to show their power again. The market trend changes as soon as it is said, and the minds of traders also drift around. As for the reasons behind this, we will not go into it. The important thing is that the market likes those active and liquid altcoins. Once they move, the whole circle will shake. So, listen carefully, novice friends, altcoins are not untouchable, the key is to be able to choose. Don't think about buying and throwing it away. You have to learn to stop when you see a good opportunity and use rolling to make the money in your pocket roll up. In this way, you can ride the wind and waves and reap a lot!
If you are not sure whether the coins you bought are valuable, let's chat about it. Look at the leaves and reduce the loan. No matter fresh goods or Yue, you can flirt with them.
What are the AI sectors that are worth paying attention to at present?
A WLD has millions of unlocked volumes every day, so I am not considering it for now!
I bought some FETs around 1.3 before, but I am not considering adding to my position at present. I have just completed the merger and I expect a period of wash-out.
In addition to the above two, which other AI sectors do you think will have a bright future? I have the answer.
If you are also optimistic about AI, let's discuss and exchange ideas together.