Recently, the Ethereum (ETH) market has shown some noteworthy new dynamics. Although the overall market is somewhat skeptical about ETH's performance, from several perspectives, Ethereum seems to be in a potential upward phase.
Firstly, after a period of consolidation, ETH's price has recently begun to show signs of upward movement. While the overall market sentiment towards Ethereum's performance remains cautious, technical analysis indicates that ETH has displayed strong rebound signals at key support levels. This suggests that despite some market participants believing ETH's performance is weak, structurally, ETH's price movement still has upward potential, especially if it can break through key resistance levels such as $3240, which could trigger a new trend upward.
From a macro perspective, the upgrades and development projects within the Ethereum ecosystem, such as the upgrade proposal known as "Ethereum 3.0," have gained widespread support from the community. This upgrade could bring higher efficiency and scalability to Ethereum, further enhancing its position within the blockchain ecosystem. Additionally, the influx of Ethereum ETFs has significantly increased, indicating that institutional investors' interest in Ethereum has not waned, but rather they are quietly accumulating even in the absence of a clear market price reflection.
Although Ethereum's market share remains relatively stable, some observers point out that the altcoin market may show signs of decentralization in the future, which could challenge Ethereum's leading position. However, this also means that the ETH ecosystem will become more diversified, potentially bringing new development opportunities and application scenarios for Ethereum.
In summary, while Ethereum may continue to face volatility in the short term, both from technical charts, medium to long-term development expectations, and market sentiment, the Ethereum market still possesses strong upward potential. Investors should pay attention to the overall market trends while also focusing on Ethereum's technological updates and ecosystem development, as these are all important factors that will influence ETH's future trajectory. #ETH市场新动向
The likelihood of Bitcoin (BTC) reaching $100,000 by the end of 2024 depends on various factors. Here is a brief analysis based on current trends and analysis:
**Favorable Factors:** 1. **Increased Interest from Institutional and Retail Investors**: Recently, more institutional and retail investors are beginning to view Bitcoin as an asset allocation choice. Particularly, if more financial institutions are approved to launch Bitcoin ETFs, this could significantly drive prices up. 2. **Market Sentiment and FOMO (Fear Of Missing Out)**: The market's FOMO sentiment can quickly drive prices up. The recent surge in Bitcoin has demonstrated this trend, especially after breaking through significant psychological price levels, making investors more proactive.
### Binance Pool Launches Fractal Bitcoin (FB) Merged Mining: A Simplified Guide
#币安矿池FB联合挖矿 Recently, Binance Pool announced the official launch of Fractal Bitcoin (FB) merged mining service, which is undoubtedly exciting news for Bitcoin miners. Through this innovative mining method, miners can earn additional rewards of Fractal Bitcoin (FB) while mining Bitcoin (BTC).
#### What is Fractal Bitcoin (FB)?
Fractal Bitcoin is an expansion solution based on the Bitcoin blockchain, aimed at improving the scalability of the Bitcoin network. By adopting technology from Bitcoin Core, FB allows for the expansion of network functionality and capacity while maintaining consistency with the Bitcoin main chain. Its emergence is considered an important attempt to address Bitcoin network congestion and enhance transaction speed.
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This is the most important stage of the bull market, please remember the following points:
- Don't adopt a fixed investment strategy. You don't have that much time. Either enter the market firmly or don't enter the market.
- Take profits in batches. Take profits gradually during the rise. Don't think about selling at the top. You can't do it anyway.
- Focus on the strong and believe in the principle that the strong will always be strong.
- Don't lock up your tokens. Don't care about the staking income. There is nothing worse than having your tokens locked up at the end of the bull market.
- Try to change positions as little as possible. Stay calm and don't chase every hot spot. It's impossible to seize all opportunities and accept the fact that some market conditions have nothing to do with you.
- This is a marathon, not a sprint. So when the time comes, you must protect your principal at all costs and create life-changing returns for the next cycle. Get rich slowly.
- When you decide to exit the market completely, don't continue to hold on to some tokens just because they haven't skyrocketed yet. They may not skyrocket in this cycle.
- Cash out regularly. Don't always think about selling at the highest point, no one knows where the highest point is.
- If you don’t have much capital, don’t diversify too much. Earning 100 times your $5 won’t change your life.
The weekend is here, let's talk about the logic of current altcoins. It has become unlikely to replicate the previous bull market scenario of 'Bitcoin rises first, then Ethereum, and finally mainstream and altcoins' after Ethereum. So how can we seize opportunities at this stage?
1. Bitcoin as an Indicator Before trading altcoins, we must first look at the trend of Bitcoin (the big coin). If the trend of Bitcoin has not yet completed and the daily trend has not changed, it indicates that there is still potential in the market. In this case, investors who missed the opportunity can consider focusing on some mainstream altcoins.
2. Focus on Current Hotspots The current hotspots are the key points worth paying attention to. This is why, over the past few months, my main focus has been on coins like DOGE, ORDI, SOL, and BNB. These coins themselves have market heat, and capturing them can better involve us in the hot market.
3. How to Respond After Hotspots Rise What if the hotspots have already risen? At this point, we can pay attention to other coins in the same sector. For example, in the Ethereum-related sector, if Ethereum rises strongly, then other Ethereum-related coins that have not yet risen, such as ARB and OP, are good choices. Compared to early entrants, these coins still have a lower cost advantage; while others break even, you can profit.
🫶In the cryptocurrency world, determining when to withdraw your principal is a key 🤔 question, which can be assessed from the following angles:
1. Set Goals: Set a clear goal for yourself, such as doubling your returns or achieving a 50% increase. Once you reach your goal, cash out promptly to lock in profits and avoid losses due to market fluctuations.😀
2. Market Sentiment: When a bull market arrives, and cryptocurrency prices rise rapidly in the short term, many people hold the mindset of "it can still go up." In fact, this is a good time to withdraw your principal in stages. The hotter the market atmosphere, the greater the risk.😃
3. Pay Attention to News: Policy changes or major industry events can affect market sentiment. Particularly when negative news arises, such as stricter regulations or issues with major platforms, consider withdrawing part of your principal.😄
4. Control Risk: Set a "safe yield rate," for example, withdrawing your principal once you've made a 30% profit, while continuing to hold the remaining profits. This strategy can effectively reduce risk.😁
5. Follow Market Sentiment: When market sentiment is extremely optimistic, and everyone claims, "this is a wealth opportunity," it often signals a risk. At this time, it's suitable to gradually reduce your holdings or withdraw your principal to protect existing profits.😆
Extreme emotions usually indicate that the market is approaching 🚀 a peak, followed by a potential significant pullback.
Three typical roles for successful trading in the market:
See which description you fit better?
1. Short-term swing traders: This type of trader mainly focuses on intraday trading. They always keep an eye on the market and pay close attention to market dynamics. They have keen insight and high hit rate, and can quickly capture opportunities for big market trends. They can always respond promptly and flexibly to subtle changes in the market.
2. Long-term investors: This type of investor pays more attention to long-term layout. They choose to gradually build positions at low levels and do not care about small long-term fluctuations. In the face of short-term market declines, they often buy on dips to reduce average costs. When the market reaches a high point, they will decisively sell and realize profits. They have a unique vision for stock selection and are good at grasping long-term trends.
3. Technical veteran players: This type of investor has a deep understanding of blockchain, on-chain analysis, and new projects. They are good at profiting from various market opportunities, or can accurately invest in projects with potential. They rely on their unique vision and rich experience to navigate the market with ease. Sometimes, through clever arbitrage operations, they can easily earn millions of profits.
So, which type of trader do you think you are more like?
Newcomers entering the cryptocurrency world are like sailing in a turbulent ocean; a moment of carelessness may lead to shipwreck. On the first day of November, I offer you nine crucial pieces of advice to help you avoid those perilous traps.
One, stay away from leveraged contracts Leveraged contracts are like a sharp double-edged sword; while they can bring huge profits in the short term, they are more likely to result in total loss for novices. It resembles a crazy gamble, where newcomers often find it difficult to manage the risks involved. Sticking to spot trading and holding for the long term is a more prudent choice.
Two, invest cautiously in small coins Small coins in the crypto world are like hidden traps. Many small coins are merely tools for harvesting profits from inexperienced investors, and once the market changes dramatically, they can plummet to zero, with declines of up to 99%. Newcomers should avoid small market cap and low-profile coins, opting for mainstream coins to find relative stability in this risky domain.
1. In the world of investing, fear and greed often lead people astray.
2. The success of investing is not based on predicting the market, but on responding to the market.
3. Investing must be rational! If you can't understand it, then don't do it.
4. If you are a professional investor and have confidence in yourself, I recommend high concentration. For other ordinary people, if you don't understand investing, I recommend high diversification.
5. Growth potential is certainly good, but we prefer good businesses.
6. Those who cannot withstand a 50% drop in stock prices should not trade stocks.
7. The process of investing is a process of making many decisions; it is impossible not to make mistakes.
8. For most investors, what matters is not what they know, but whether they truly understand what they do not know.
9. Do not use money that belongs to you and that you also need to earn money that does not belong to you and that you do not need.
10. We are not thinking about how to achieve super high returns, but always keeping in mind to never lose money.
Determining when to withdraw the principal is a key 🤔 question, which can be assessed from the following perspectives 📐:
1. Set a goal: Establish a clear goal for yourself, such as doubling your investment or achieving a 50% increase. Once the goal is reached, cash out promptly to lock in profits and avoid losses from market fluctuations.
2. Market sentiment: When a bull market arrives and cryptocurrency prices rise rapidly in the short term, many people adopt the mindset of "it can still rise."
In fact, this is a good time to withdraw principal in batches. The hotter the market atmosphere, the greater the risk.
3. Pay attention to news: Policy changes or major industry events can impact market sentiment. Especially when negative news arises, such as stricter regulations or issues with a major platform, consider withdrawing part of your principal.
4. Control risk: Set a "safe return rate," for example, withdraw your principal when you earn 30%, and continue to hold the remaining profits. This strategy can effectively reduce risk.
5. Follow market sentiment: When market sentiment is extremely optimistic, and everyone claims "this is a wealth opportunity," it often serves as a risk signal. At this time, it is suitable to gradually reduce your holdings or withdraw principal to protect existing gains.
Extreme emotions often indicate that the market is nearing its peak, after which a significant correction may occur.
1⃣ After the price of a cryptocurrency consolidates at a high, it usually reaches a new high. After consolidating at a low, it typically reaches a new low again. Therefore, we should wait until the direction of the market change is clear before we take action.
2⃣ Do not trade during sideways movement; most people lose money in trading because they fail to adhere to this simple principle.
3⃣ When selecting candlesticks, buy on a bearish candlestick in the daily chart. Sell when a bullish candlestick appears.
4⃣ Decline slows, rebound also slows, decline accelerates rebound.
5⃣ Build positions using the pyramid buying method, which is the only constant in value investing.
6⃣ When a cryptocurrency continues to rise or fall, it will inevitably enter a sideways state. At this point, we don't need to sell everything at the high, nor do we need to buy everything at the low. After consolidation, we will face a market change. If the market shifts downward from a high, we need to clear our positions in a timely manner; in short, we must act promptly.
In the last 50 years, there have been three major surges in gold prices. The first time was in the 1970s. The historical context at that time was the U.S. announcing that the dollar would no longer be tied to gold, leading to the collapse of the Bretton Woods system. Countries, in order to hedge against risks, frantically sold off the dollar, which had lost its credit backing, and reserved a large amount of gold, resulting in a continuous surge in gold prices. Meanwhile, in the 1970s, there was also the Middle East oil crisis and the U.S.-Soviet rivalry crisis. The world was on the brink of a global crisis, prompting everyone to buy gold frantically, seeking safety first.
Nowadays, if we want to make money, we should focus primarily on timing, with value as a secondary consideration. Let's observe the global economic situation 👇
1. Global economic growth is slowing and unbalanced
After 2023, the momentum of global economic growth will continue to decline. Despite the ongoing recovery of global supply chains, production sentiment is gradually waning, and the role of domestic demand in driving the economy is weakening. Regionally, the growth pattern shows 'strong in the US and Japan, weak in Europe and emerging economies in the Asia-Pacific.' Looking ahead to the next five years, world economic growth is expected to be slow, with the global economy in a state of extreme uncertainty and fragility.
Let me share with you the words that inspired me to start being self-disciplined!
Kazuo Inamori said: Spend time in bed and gain weight Spend time on books and gain wisdom Spend time on exercise and achieve health Spend time on hard work and achieve wealth Spend time on the market and achieve success Spending time on family🏠 builds family ties; Wherever you act, there you will reap the rewards; wherever your heart is, there you will find the scenery. Only by improving your self-control can you take control of your life. Strongly recommend that you: Don't worry about others surpassing you, because most people can't persist for a long time. If you continue to focus and focus on your goals, you won't have that many opponents if you persist for a long time! Just like what Haruki Murakami said: "Limited goals can make life simple.
It is not necessarily a responsibility for women to make money💰, but it is definitely dignity. A job💼 brings you not only wealth💵, but also peace of mind. Only the money in your pocket👛 will not betray you. At any time, women👩 must work hard and live the life they want. Although it is a bit embarrassing to work hard to make money, it is really pleasing to the eye to rely on yourself!👀
Try to be a very wow🎊 woman, Reduce expectations, be generous, Live well, love❤️ yourself well!
Many people ask the little princess👑 why she works so hard. I want to tell everyone: "Only the mirror🪞 and the wallet👛 can tell you most of the whys and whats in life?"
You must know that exercise has many benefits for the body. Long-term exercise can enhance immunity and cognition, improve cardiovascular function, and promote metabolism and help lose weight. But in addition to long-term changes, exercise also has many immediate effects on physiological processes such as metabolism and immunity. Scientists at the Stanford University School of Medicine recently conducted a study that conducted a detailed and comprehensive analysis of what happened in a group of volunteers' bodies shortly after they exercised. The results revealed thousands of changes at the molecular level, involving energy metabolism, inflammation, oxidative stress, tissue repair, and cardiovascular response. The authors of the study pointed out that this is the most comprehensive molecular study on personalized exercise testing to date.