BTC has been repaired upward for 5 consecutive days! There is an interest rate cut this month, but if you look at the trend of BTC after the Fed started to cut interest rates in previous years, most of them are downward trends. The so-called good news is bad news, and the Fed only cut interest rates slightly, even by 25-50 basis points, but the actual interest rate is still good, and liquidity will not rise quickly. This cannot be ignored. Finally, the recent intensive release of economic data by the United States seems to be rolling out the red carpet for the final decision of a moderate interest rate cut made at the upcoming Fed interest rate meeting. I wish all fans a happy Mid-Autumn Festival in advance.
In recent days, after the opening of the U.S. stock market, the trend of Bitcoin has been falling first and then rising!
Today is Friday again. Are you really afraid that today's market will be another "Black Friday"? The past two weeks have all been falling on Fridays. To be honest, I am still a little worried based on the market situation. The trend is not optimistic. I don't know if you have noticed that the market after the opening of the US stock market this week is quite regular. The trend of BTC is to fall first and then rise. It is hard to say how long this pattern will continue. Yesterday during the day, the big cake fell sideways instead of fluctuating. In the evening, after the opening of the US stock market, it fell first and then went up and down again. In the second half of the night, the market went up again. It is really a bit unpredictable. The 58,000 US dollar mark must be defended to grind the long and short sides. Which side places the heavy bet, the dog dealer will definitely arrange it.
Today's market analysis: From the K-line, the 1-hour level is a sideways trend, and the 4-hour level is also sideways, but the technical indicators show that it is biased downward and can fall at any time. This is what I said before. Combined with the market, there is a high probability that there will be a Black Friday today. The 12-hour and daily levels are rising. The intraday pressure level is 59,800, and the support level is 56,360 US dollars. It is more cost-effective to do short-term shorting during the day. The direction before the interest rate cut is still upward. (But if you don't follow up, you can consider following up on the altcoins that have not risen significantly, waiting for the certainty signal, and the expectation of the big cycle has not weakened.) There will be an interest rate cut this month, but you can look at the trend of BTC after the Federal Reserve started to cut interest rates in previous years. Most of them are downward trends. The so-called good news is bad news, and the Federal Reserve has only cut interest rates slightly, even by 25-50 basis points, but the actual interest rate is still good, and liquidity will not rise quickly. This cannot be ignored. Finally, I wish all fans a happy Mid-Autumn Festival in advance.
ETH 1-hour and 4-hour levels are above the healthy level, and the daily level is below the healthy level. It is expected to continue to rise during the day. Wait and see for signals during the day. The upper resistance during the day is 2470-2520, and the lower support during the day is 2280-2330
Look at the picture, I have been giving you this reminder in my previous articles!
These coins are also available! Today, Upbit will list CKB. As soon as the news came out, the market rose too fast, ranking first in the increase list. Recently, the popularity of RGB++ has improved.
Luna will have a surge every Mid-Autumn Festival. Koreans have a strong consensus on Mid-Autumn Festival. On September 29, 2023, Luna rose from 0.376 to 0.598, an increase of 59%; on September 10, 2022, Luna rose from 1.76 to 7.66, an increase of nearly 4 times. In addition, Luna’s hearing will be on the 19th, and there are 120 million pieces to be destroyed. With many favorable factors, the target increase is 30%-50%
The bull market has begun, and the four major altcoins can increase by 50-100 times!
1. OK
If the Ethereum-based project lists major updates, this could lead the Ondo price to retest its upper resistance level of $1.26 this year.
On the other hand, stricter regulation/bearish action could pull the price down to a low of $0.444. This way, the average price of the Ondo crypto token might stabilize around $0.852. With the adoption and growth of the decentralized finance (DeFi) ecosystem, the token’s price is expected to rise significantly in the coming period. If the market holds the Ondo cryptocurrency above the psychological support level of $1.00, it could move towards the ceiling of $1.72.
However, with a bearish reversal or market uncertainty, Ondo coin price could drop to $0.571 with an average trading price of $1.145.
2. BABY
PEPE prices have recovered to levels within the decisive symmetrical triangle, keeping bullish hopes alive, and although bears continue to dominate, bulls appear ready to initiate a bullish breakout soon.
However, the RSI is trading below the average, suggesting that the bulls are still largely passive and are probably waiting for the right time to intervene.
Therefore, PEPE price is expected to remain consolidated inside the triangle and reach an apex, which could further trigger a bullish trend above $0.00001.
3.PEOPLE
There is another dark horse in this bull market, but its recent trend is not satisfactory. Due to its large price fluctuations and unpredictable trends, investors in contracts and spot have suffered heavy losses. The risk is very high and the returns are huge.
Friends in the car should pay more attention.
However, MEME concept coins are like this. Although the fluctuations are huge, they are still loved by many investors. Judging from past performance, People is definitely a strong coin.
4.OP
When BTC and ETH plummeted on the night of September 6, OP fell less and did not even fall below the low of September 4, which shows that the buying of OP is relatively strong. Subsequently, OP rebounded and broke through the supply line, which shows that the downward trend of OP has ended and the upward trend will start in the near future.
Regarding the target position, OP/BTC has broken through the suppression of the short-term supply line and started to rise. Conservative estimates show that OP/BTC will rebound to the long-term supply line in February or March next year, with a target position of around 0.000061.
If BTC peaks in February or March next year, its target price will be around $115,000, and OP’s target price will be close to $7.
