There is a narrative only with ups and downs, everything is just a distraction and emotions.
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Bi圈圈友会
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This wave of sharp decline makes people feel that something is wrong, as if some major event is about to happen. Many people say that this drop is all because of a few words from Powell of the Federal Reserve. How can we blame him entirely? For those of us who have been in the crypto space for a long time, it's common to see adjustments at the end of the year. In trading, it's important to listen to the news, but more importantly, we need to look at the actual market conditions and think critically about the analysis. On certain special days, the market tends to be particularly sensitive. Powell's words may just cause a slight tremor in the market, and it will soon pass. This adjustment, to put it bluntly, is simply because everyone was too greedy, and the market is making its own adjustments. We can't just rely on guessing. Holding positions data, the movements of those large holders on-chain, and following the big players are essential to navigate the secondary market successfully. Speaking of the future, with the new president taking office, it might bring a bunch of good policies to the market. Those altcoins might have room to develop now. Isn't this the major event we've been waiting for? The timing is just right. Can we hit the bottom now? I have to say, smart people always leave some room for maneuver at critical times. If you don’t want to take a big fall, don’t engage in those risky games. As the big brother in the crypto space says: I won't act recklessly, I'll stay steady, and as long as I catch a big trend, I will be satisfied. We should still proceed steadily and prepare to embrace changes in the market.
Everything is about harvesting, building positions at low prices, and exploding contracts; the narrative is always just a distraction.
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DJ鸟叔
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After this decline, I found that the IQ gap between people is like a chasm. Yesterday, Powell said that the Federal Reserve would not hold Bitcoin. A large group of people began to analyze and interpret it frantically, saying that this must be the main reason for this decline, which made me laugh🙃 First, the Federal Reserve does not have the authority to purchase and reserve Bitcoin. It is just a monetary management agency. The law does not support its purchase at all, and Bitcoin is not a legal currency. Second, there are so many people in the world who are not interested in Bitcoin. Have you been kneeling for a long time and looking for recognition everywhere? How many years has gold been around, and there are still people who are unwilling to buy it. When everyone enters the Bitcoin market, there will be no more fun in this market. Third, one of the reasons for this decline should be that the expectation of interest rate cuts in 25 years has been reduced from 4 to 2 times, and it is not the main reason for this decline. More importantly, whether it is the US stock market Nasdaq or Bitcoin, it has risen too much before, and it only fell because it needs to fall. It's that simple! ! ! ! #加密市场回调
AXS's major ups and downs! Are you ready to seize the opportunity for a breakthrough at $9? 1. Market Analysis Current price of AXS: $8.756, daily high $9.881, daily low $8.313. After a period of fluctuation, AXS is now close to the support level of $8.70. If the price breaks through the resistance zone of $9.00, it may quickly challenge $10 in the short term, or even higher. 2. Technical Analysis Support Levels: $8.50: This is a key support level in the short term. If the price retraces to this level, there is expected to be some buying interest, pushing the price upwards. $8.30: If this level is broken, AXS may continue to decline, with the next support potentially around $8.00. $8.00: If the price drops to around $8.00, the bearish pressure is significant, which may trigger a deeper adjustment. Resistance Levels: $9.00: After breaking this resistance level, AXS is expected to continue its upward momentum, targeting close to $9.50. $9.50: If it continues to rise after breaking $9.00, $9.50 will be the next strong resistance zone. $10.00: If $9.50 is broken, AXS has great upward potential and may challenge $10.00 and above. 3. Short-term Contract Strategy Long Strategy: Entry Point: $8.70 Stop Loss: $8.30 Take Profit: $9.50 If the price breaks through $9.00, continue to go long, with the target price set at $9.50. Short Strategy: Entry Point: $9.50 Stop Loss: $9.80 Take Profit: $8.70 If the price fails to break $9.00 and retraces, consider going short, entering near $9.50, with a target at the support of $8.70.
AXS is expected to challenge $9.50 after breaking $9.00, further rising to $10.00! If it falls below the support of $8.30, bears may dominate, and the price may retrace to $8.00. [Bringing you the latest market analysis and precise points daily. Brothers making money, remember to register on Binance with my invitation code for an 20% discount on trading fees. Invitation Code: Q9TB8ODZ, wishing brothers and sisters great profits!] $AXS
Blockchain games will eventually arrive, and it’s better to prepare in advance
In the field of blockchain games, the following projects are considered to have significant potential:
1. (AXS)
Axie Infinity is an Ethereum-based game where players earn rewards by breeding and battling virtual pets called Axies. Its unique 'play-to-earn' model has attracted a large number of players and investors.
2. (SAND)
The Sandbox is a virtual world where users can create, own, and monetize their gaming experiences. Its native token SAND is used for transactions and governance within the platform.
3. (MANA)
Decentraland is a decentralized virtual reality platform where users can buy, develop, and sell virtual land. MANA is its native token used for purchasing virtual assets and services.
4. (GALA)
Gala Games is a decentralized gaming platform dedicated to providing players with high-quality blockchain games. Its native token GALA is used for in-game transactions and platform governance.
5. (ILV)
Illuvium is an Ethereum-based open-world RPG game where players can capture and battle creatures called Illuvials. ILV is its native token used for rewards and governance.
Please note that the cryptocurrency market is highly volatile, and investments should be made cautiously. It is advisable to thoroughly research project backgrounds and market dynamics before making investment decisions. $AXS $SAND $MANA