I don’t know if you have discovered a very interesting thing. Every September when there is no fall, there will be continuous rises from 10-11-12.

It is worth noting that Bitcoin closed up 7.35% in September this year, its best performance in history. In history, every time Bitcoin closed up in September, it could rise until the end of the year.

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The area where it retreated from the trend line X2 needs to be defended here, otherwise it will drop significantly.

Here are five news items from the cryptocurrency world worth noting in the last 24 hours:

1. Solana's DEX trading volume reached 168% of Ethereum's mainnet, with Raydium's market share increasing, highlighting Solana's advantages in speed and cost.

2. Before the Aragon token burn, the U.S. government exchanged ANT for ETH, showcasing its cryptocurrency asset management strategy, which may affect ANT supply and price.

3. Canary Capital applied for a Solana spot ETF with the SEC, allowing investors to participate more directly in the Solana market.

4. MicroStrategy invested $4.2 billion in Bitcoin, demonstrating its confidence in combating inflation and the future potential of Bitcoin.

5. Ethereum's Layer 2 protocol 'nil' launched a public testnet, introducing ZK technology to enhance transaction speed and reduce costs, preparing for the future mainnet launch.

The following are five news worth noting in the currency circle in the past 24 hours:

1. The daily trading volume of BlackRock’s Bitcoin ETF reached US$3.35 billion, a six-month high, showing the strong market demand for Bitcoin, with the price exceeding US$70,000 that day.

2. Theta Labs cooperates with the University of Oregon to use its EdgeCloud platform for AI model training to promote the development of AI and blockchain technology.

3. Bitcoin miners were affected by market volatility and the upcoming halving in the third quarter, but analysts believe that market adjustments bring potential buying opportunities.

4. Bitwise stated that the value of Bitcoin can rise to $200,000 due to increased demand for stored value and increased government spending, without relying on a collapse of the US dollar.

5. With the start of the 2024 NBA season, NBA Top Shot NFT sales have reached a six-month high, and new series and bidding features have been launched to attract more collectors.

Here are five news items worth noting in the crypto space over the past 24 hours:

1. Cryptocurrency lobbying group submits court brief supporting the lawsuit against the SEC, seeking a clear legal framework for token airdrops.

2. Bitcoin mining stocks rise due to increased AI demand, with investment banks issuing buy ratings for Core Scientific.

3. FV Bank partners with Visa to launch a new card that integrates cryptocurrency and USD payment features, enhancing user convenience.

4. Trump's World Liberty program launches a stablecoin, entering the cryptocurrency market.

5. The U.S. Department of Justice charges operators of a crypto exchange with laundering funds from Silk Road, emphasizing regulatory scrutiny over crypto assets.

By the end of the month, pay attention to the potential monthly resistance at the monthly line level around 67700. If BTC does not break the trend line, this month will likely close below this price!

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The following are five noteworthy news items from the cryptocurrency world in the past 24 hours:

1. Microsoft shareholders will evaluate a Bitcoin investment proposal, indicating corporate interest in cryptocurrency.

2. Hackers stole approximately $20 million from a U.S. government wallet, raising concerns about the security of crypto assets.

3. A new bill in Pennsylvania allows Bitcoin payments and self-custody, promoting the application of blockchain technology and more payment options.

4. South Korea requires the declaration of cross-border cryptocurrency transactions to prevent money laundering and enhance regulatory transparency.

5. Pyth Network launched a crypto redemption rate source, improving the transparency and accuracy of DeFi protocols.

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Last night, after BTC completed the sideways movement 1:1, it began a rapid short-term rise of 2000 points. I still suggest that friends holding short positions should consider taking some points at potential target zones to hedge with long positions; otherwise, it will be difficult to hold the position until the final target.

Currently, I believe that 67450 is the central axis of the bullish trapped positions above. If it goes up further, I will only pay attention to around 67900 for a false breakout engulfing, which indicates a bearish outlook.

Additionally, I can also accept being rejected directly from around 67450 and going down, estimating that the short-term support zone is around 666-667.

U.S. stocks dropped significantly yesterday. After the close, Tesla's earnings were good, pulling back a bit, but the downward trend has already begun in the U.S. stocks.

I have always hoped that U.S. stocks would have a 4%~5% pullback in the Nasdaq before the elections. At that time, U.S. stocks and BTC should be able to establish positions as starting points, looking forward to a rebound after the elections to welcome the final wave of the bull market. According to past data, the probability of the index rising two weeks after the U.S. presidential election seems to exceed 80%.

币安王牌KOL（Cakebaba）战队

Gold US stocks US dollar cannot continue to rise in sync, every time the end is an opportunity for a thunder or a black swan to appear. Must pay attention to this.

The current situation is a consolidation area after the decline, and I tend to think the drop is not over.

This idea will be challenged if BTC breaks through 68400. If it breaks down after consolidation, the 1:1 target is around 65159-64447, which is the area where a rebound will occur.

So shorting to 65 might need to look for a rebound in the short term; if the drop is quick, it's advisable to wait for the right side to make a rebound, unless you are lacking short positions, in which case hedging to the left side at 65 is not a problem.

$BTC

Here are five news items worth noting in the crypto space over the past 24 hours:

1. Trust Wallet temporarily suspends Transak deposit services due to a data leak incident, protecting user assets and privacy.

2. CFTC Chairman Behnam calls on Congress to establish regulations for cryptocurrency and election betting.

3. The number of daily active users on the TON blockchain has decreased, possibly due to increased competition and a lack of new features; the platform is seeking ways to revive user activity.

4. Ripple co-founder donates $11.8 million to support Harris in promoting new crypto policies, reflecting the need for collaboration between the crypto industry and policymakers.

5. Robinhood launches Solana transfer features for EU users, expanding the adoption of SOL and enhancing user trading experience.

It is difficult to say that the ETHBTC exchange rate pair is really bullish until it breaks through, especially so far, the daily level of BTC has not exceeded Dayang K.

I can say this about the process of our waiting. A group of us took out guns and went hunting. Now we saw a few cows passing by, but what a group of people wanted to shoot was a herd of cows. If we shot easily, it turns out that they were passing by and not real cows. The group would be miserable.

I am willing to wait for the trend to come out, and that is the era when I can really buy spot casually, and the breakthrough will be followed by the retracement of the bullish trend.

Now is the time to wait for the herd of cattle to appear for sure. In the 220-day market consolidation area, the cows will be talented, just as 220 cows will pass by without leaving smoke, and Dayang K will definitely have it.

I have to wait for the signal to come, for a real breakthrough to happen. But I believe it will be soon!

Here are five news worthy of note in the currency circle in the past 24 hours:

1. Solv Protocol launches new staking tokens to introduce Bitcoin earnings to the Solana platform and enhance revenue opportunities in the DeFi field.

2. The CFTC opposed the court’s decision to allow Kalshi to offer election bets, arguing that there were legal and manipulation risks.

3. Futures trading volume returns to centralized exchanges, and competition pressure from DEXs increases.

4. The SEC appealed the Ripple ruling, challenging the determination that XRP was not a security in the retail market.

5. Telegram’s gaming division has seen significant growth in NFT activity and user engagement.

币安王牌KOL（Cakebaba）战队