This is why in a news-driven market, try to remain on the sidelines, as there are too many uncertainties.
If the US stock market had not rebounded last night, $BTC would probably remain flat today. Yesterday, the price dropped to 55516. Many friends who saw the positive CPI and entered the market to buy were probably scared away by this wave of volatility. As a result, the price returned to the original level in the early morning.
If the market is not judged correctly, both long and short positions will be harvested; if the judgment is correct, both long and short positions can make money. However, there are very few people who can accurately judge this kind of market, so it is wiser to choose not to participate, at least you can outperform 90% of people.
The core of this volatile market is repeated ups and downs, but I think the current market has been washed almost enough, and the next opportunity may be a strong rise.
Currently, the issuance of USDT is increasing, and the hot money in the currency circle is waiting on the sidelines. Previously, the market value of USDT was 100 billion, and the price of Bitcoin was 74,000. Now the market value is 120 billion. By the end of the year, Bitcoin has the potential to break through the new high price. The rainbow chart is at the bottom, and it is currently at the bottom of the big cycle.
BNB rose by 5.6%, Binance concept coins generally rose, is mining going to start again?
Binance seems to have not done anything for a long time, but BNB has been very strong in the past week, and it has risen by 5.6% today. The market has speculated that a new LaunchPool will be launched soon. It seems that the recent market profit effect is really too poor: because of the excessive density of new projects in LaunchPool, the market has begun to actively look forward to it and miss these three melons and two dates.
Could it be Catizen from TON ecosystem? Could it be someone from BTCFi that has been supported recently? Or MEME coin that Binance has been promoting recently? Yesterday, we found that Binance API added CAT. Is it this?
This month is the concept month for CZ to be released from prison, and it is expected to be on the 29th. I have always said that BNB can be held for a long time. After all, it is not a big problem to allocate some of it for a long time as a golden shovel, and there will be good news at the end of the month.
The entire Binance concept token is ready to move. Let’s take a look at these popular MEME and DeFi coins.
$Cat, market value of 200 million, up 13.6% in 24 hours;
$FOUR, market cap of $20 million, up 33% in 24 hours;
$WHY, market value of $117 million, up 6% in 24 hours;
$CAKE, 790 million FDV, up 5.49% in 24 hours;
$XVS, 200 million FDV, up 4.4% in 24 hours;
$BAKE, market value of 72 million, up 2.79% in 24 hours
Which Binance assets are you looking at?
Other altcoins
Another good news for the AI sector is coming. OpenAI will release a new AI model in the next two weeks. Pay attention to the AI sector. $FET $RENDER $ARKM will explode.
PUMPFUN under SOL may prohibit US users from using it, and may even be sued by the SEC. Most of the local dogs on the SOL chain are supported by this platform, which is a negative for Sol. However, there will be a conference on the 20th, so there will be no problem before the 20th.
$SATS There hasn’t been much action on the inscriptions recently. I just took a look at sats.
Currently it is suppressed by 4 hours. It will rise quickly to 33-34 after breaking through 313.
However, the 4-hour chart shows upward momentum. If you are aggressive, you can buy more at 309 and add 3 positions, and stop loss at 291. The upper side can see 33-35.
You can wait for the bome pattern and keep an eye on it. If it can break through the red downward trend line, you can do it.
