FTT has seen a good rise in the past two days, but it has experienced a short-term correction. Judging from the market, the correction is almost over. Next, let’s analyze the four-hour short-term trend based on the market trend.

1. After a wave of rise in four hours, a positive line with huge volume and upper shadow appeared. The long upper shadow indicated that there was pressure from above.

2. Several K-lines of callback all have long lower shadows, which indicates that there is support below.
3. When there is a pullback, the short position shrinks, which shows that the power of the short position is not strong. The pullback is because the short-term profit-makers are leaving the market, or those who were trapped in the market earlier are getting out of the trap.

I wish my family a happy National Day holiday! The vast land of China celebrates the birthday of the Chinese nation, and the harmony of the family and the country will bring prosperity!
First, let’s go back to the market:
Is Bitcoin’s National Day a “robbery” or a “festival”? Historical data tells you how we should play this year?

When you woke up in the morning, were you shocked by the sudden "dive" of Bitcoin? Look at the $65,000 mark, it was broken so easily, just like a joke. Don't panic, let's calm down and talk about this.

Bitcoin: The early bird doesn’t always catch the worm
Look at Bitcoin. It was like it had been injected with chicken blood in the morning. It plunged into the "deep water zone" below 65,000 in a flash.

I found that what I like to do most is to pick the bottom. Here I will share with you several commonly used bottom-picking structures of Miracle
W bottom
The W shape reflected in the candlestick trajectory is also called a double bottom. Connecting the peaks between the two bottoms gives you the key neckline. The right side trading accompanied by a large volume and a neckline breakthrough is a good opportunity to enter the market.
V-shaped bottom
The market took a sharp turn for the worse with a V-shaped reversal, forming a bottom-determined structure. The neckline extends from the top, and when the right side increases in volume and the price breaks through the neckline pressure, you can enter the market.
Triple bottom
The K-line probed the bottom three times without breaking through to form a new low, forming a solid triple support. Connecting several rebound high points, breaking through this boundary with large volume on the right side is the best signal to confirm buying.

On Monday (September 30), the price of Bitcoin fell short and fell below $64,500. As China's stock market recorded its biggest increase in 2015, USDT stablecoin/RMB was trading at a "discount", which usually indicates bearish sentiment in cryptocurrencies, and more funds seem to be flowing into Asian risk assets. The giant whale that has been sleeping for 10.8 years has just awakened and transferred 50 Bitcoins.

Chinese stocks surged in Asia on Monday, with the benchmark CSI 300 index rising as much as 6.2% in early trading, the biggest gain since 2015 and more than 20% from its low on September 13. The number of developers tracked by Bloomberg Industry Research surged 11%. After China introduced its economic stimulus plan last week, the US media released an important signal that A-shares seemed ready to enter a bull market cycle.

Bitcoin is currently trading at $64,400, down 2% in the past 24 hours, and many experts remain optimistic about its future performance. Against the backdrop of political uncertainty, halving events, and increased liquidity, Bitcoin may be preparing for a significant rise in the last quarter of 2024.
CK Zheng, chief investment officer at ZX Squared Capital, said that the price of Bitcoin could benefit no matter who wins the upcoming U.S. presidential election. In an interview, Zheng pointed out that both the Republicans and Democrats have failed to address the rising U.S. debt and deficit, a factor he believes will be beneficial to Bitcoin, especially after the election.

On Monday (September 30), the "US Government Efficiency Committee" (DOGE) meme coin surged, soaring more than 33,000% from its lowest point in September, but the price subsequently fell back to $0.01989. Billionaire Elon Musk said that if former President Donald Trump is not elected in November, this will be his last campaign. Musk previously hinted that he would join Trump's proposed US government efficiency committee.
“Few Americans realize that if Trump is not elected, this will be the last election,” Musk wrote.

He warned that the Biden/Harris administration would fly “asylum seekers” directly to swing states like Pennsylvania, Ohio, Wisconsin, and Arizona so they could quickly gain citizenship, stressing that “this is a surefire way to win every election.”

As the US election approaches, the cryptocurrency industry is also focusing on the policy positions of the two major candidates. Trump and Harris’ attitudes towards cryptocurrency may have a profound impact on this emerging industry.

Trump's cryptocurrency policy

Donald Trump has promised to make the United States the "cryptocurrency capital of the world" if he is re-elected. He has also proposed creating a "national strategic bitcoin reserve" similar to the U.S. government's gold reserves. Trump's new enthusiasm for cryptocurrencies is in stark contrast to his past attitude that bitcoin "looks like a scam" and a threat to the dollar.

Market macro news:

With the support of Bitcoin spot ETF, real money is used to support the rising price of Bitcoin.

This news means that BlackRock's own global fund has increased its investment in buying its own Bitcoin spot ETF fund and snapping up shares, and BlackRock's clients are more institutions and capital.

In other words, institutions and capital are scrambling to buy chips and buying Bitcoin, which shows their preference for it.

BlackRock received a single-day inflow of US$111 million, and last week's inflow was as high as US$500 million. This is just the Bitcoin RTF. The Ethereum ETF also saw a large inflow. The cumulative holding of Bitcoin is 363,600, and the asset management scale has reached US$17.2 billion.

On Saturday (September 28), financial website TheStreet reported that as the crypto industry prepares for the 2024 election, there is a growing view that former President Donald Trump’s victory could be good for Bitcoin and the broader digital asset sector.

With SEC Chairman Gary Gensler under the Biden administration often seen as an obstacle to cryptocurrency innovation, many in the space are hoping for a shift in policy. But Custodia Bank CEO Caitlin Long doesn’t necessarily believe a change of president in and of itself will solve the problems many are hoping for.

The cryptocurrency market continues its upward trend, and it is increasingly likely to break the curse of the market's decline in September. Bitcoin successfully broke through the $66,000 mark at around 22:00 last night (27), reaching a high of $66,498, the highest price in nearly two weeks.
It fell back before writing, temporarily reporting at $65,905.57, up 1.2% in the past 24 hours and 11.5% in the past month.

Compared with the performance of Bitcoin, Ethereum appears to be stronger. It broke through $2,700 in the early morning today, reaching a high of $2,728.6. Currently, the buying has weakened. At the time of writing, it was reported at $2,694.19, up 2.47% in the past 24 hours.

With Bitcoin’s recent success in breaking through key resistance levels, the market generally expects that the cryptocurrency market may usher in a new round of bull market. In this feast, Ethereum’s performance is particularly eye-catching. Its price dynamics not only reflect the overall trend of the market, but also indicate huge potential for growth.

Bitcoin’s Breakout: A Signal of a Market Turnaround
As the leader of the cryptocurrency market, Bitcoin's performance is often seen as a barometer of market sentiment. Recently, Bitcoin has successfully broken through an important resistance level, which not only broke the months-long silence, but also injected new vitality into the entire cryptocurrency market. From historical data, Bitcoin's strong performance in September and October often indicates a more positive trend in the fourth quarter. Therefore, many analysts and investors have speculated that the next Bitcoin bull market may be just around the corner.

Cardano’s trading volume has declined significantly over the past few months as bulls seem to shift their attention to other coins. While the market has seen several bullish breakouts, the ADA price has been consolidating below $0.5. Moreover, the ADA price dropped below $0.4 and could not reclaim the lost ground. Now a question arises: has the third-generation coin already lost its way. Will it react positively to the upcoming bullish move?
The last time the ADA price surged was before the first phase of the 2021 bull run, at the end of Q4 2020. The price surged from levels around $0.1 to as high as $3.10 before being completely squeezed out. Since then, the coin has had less influence on the ongoing market trends and has not reclaimed $1. This lackluster behavior of the coin may have angered market participants as the coin fell sharply on the social media platform.

BTC market analysis: The falling support has been effectively adjusted, and the upper moving average has completed the convergence. Can an effective breakthrough be achieved?
Yesterday, the price broke through and stabilized above MA200, but fell back in just a few hours, indicating that there is still a lot of turnover at this position.
Moreover, the decline occurred during the early morning trading hours in the U.S., and the market is still greatly affected by the U.S. stocks.
The upper track trend of the daily line has begun to gradually stabilize and shrink. The upper track range of the daily line is updated: 60,400-66,500

Support and Resistance
Support, near the daily MA7 of 63,500 and the weekly support of 62,700 are both relatively strong supports in the near future. The MA120 of 62,200 provides a buffer for the decline. In extreme market conditions, the daily support is 60,400.

Market trend:

The price of Bitcoin rose, breaking through the previous high of $65,000. Strong currencies in the market pulled back first, while stagnant currencies began to catch up. Zoo projects became active, and market risks increased. The US stock market performed well, and the US second quarter GDP data exceeded expectations. At the same time, A shares rose sharply, and the central bank implemented a policy of reducing the reserve requirement ratio and interest rates.

Market hot spots:

1. Meme coins such as SHIB, PEPE, BONK, BRETT, etc. have seen a rebound; projects on the Solana chain such as the hippo Mooden, the penguin Pesto, the toad OmOchi, etc. have continued to rise, and the zoo market has returned again.

Yellen's speech yesterday revealed at least two key points. One is that the current US economy is still good and there is a possibility of a soft landing. The second is that although the labor market is currently stable, it is still relatively fragile and the Federal Reserve needs to continue to cut interest rates to prevent the labor market from collapsing.

Both of these pieces of information send relatively friendly signals to the outside world. After the Fed’s interest rate cut, hot money in the entire financial market is gradually flowing into cryptocurrencies. Keep paying attention and the situation will continue to improve.

For Bitcoin, you just need to hold on and don't let go. It is recommended that you don't touch futures contracts. The market will be very violent in the future. There will definitely be a big wash and a spike market, but when the contract returns to zero, it is really zero. It is better to make money slowly and steadily with spot trading. At least you can have soup to drink~

According to on-chain data analyst Yu Jin’s monitoring, the Ethereum whale that started swing trading in April this year won again in yesterday’s ETH volatility, ushering in its 8th consecutive victory, which was also the ninth victory in 10 swings.
After the U.S. Federal Reserve (Fed) announced a sharp interest rate cut of 50 basis points in mid-month, the cryptocurrency market saw a sustained rebound, and Ethereum, which had been sluggish for a long time, also hit the $2,700 mark on September 24.
However, with the emergence of selling pressure, Ethereum has been oscillating at the $2,600 level in recent days. Compared with Bitcoin, which has reached its highest point since early August this morning, ETH still seems to be unable to achieve it.

A trillion in incremental funds has appeared! The super bull in the cryptocurrency circle is coming, and these currencies are about to soar!
WIF surged 20% in one day. Can it continue to rise?

First of all, it is important to emphasize that there are only four days left in the fourth quarter. In the past history of the cryptocurrency circle, the average increase was as high as 88%, and even the median increase was 56%. Therefore, it has become a consensus that Bitcoin will rise to $100,000 by the end of the year, and the bull market will kick off in October.
So, don’t ask anymore, the super bull is about to start! Any callback now is your extremely precious opportunity to get on board!

On Friday (September 27), the US dollar index remained weak at 100.60, gold rebounded to $2,670, and Bitcoin broke through $65,000. Kashkari, the "hawk king" of the Federal Reserve, turned dovish, emphasizing that if inflation continues to ease, a larger interest rate cut will provide a more active tool, and other officials also tried to make more dovish remarks. Israel's air strikes this week killed 700 people. The country's Prime Minister Netanyahu refused to cease fire and vowed to take full action against Hezbollah.

Israeli airstrikes in Lebanon kill 700, Netanyahu vows to "strike hard" against Hezbollah
Nearly 700 people have died in Lebanon this week, according to the Lebanese Health Ministry, as Israel significantly escalated its attacks, saying it was targeting Hezbollah's military capabilities.

Judging from the current market situation, the overall market has entered a short-term sideways state, and the overall market will be in the range of 64000-66500. Ethereum's performance is not very good compared to the overall market, and it will be in the range of 2580-2720 in the short term. The trend of Sol is still okay, and it will be in the range of 150-163 in the short term.

Last night the market broke through 65,000 and went straight to 66,000. This is consistent with what I said before that after breaking through 65,000, many short positions will be liquidated, and there is a chance that it will go to 66,000.

Next, we will focus on whether the market can stabilize around 65,000. Personally, I think it can stabilize around 65,000. After all, the overall market trend is still strong and the upward trend has not changed.