From the four-hour trend of the aunt's token, the trend is similar to Bitcoin, with an overall weak performance and the possibility of continuing to test lower levels still exists.
According to Fibonacci analysis, if tonight's unemployment rate and non-farm data are favorable, the lower range of 2430-2400 may test before the data release, followed by a slight rebound, but the strength is expected to not be too strong.
If the data is unfavorable, after breaking through this range, the price may continue to decline.
In the meme sector, this cryptocurrency has been active recently, and the current market pullback is a good opportunity to buy the dip.
Every time the market rebounds, meme coins tend to rise the fastest.
It is recommended to enter around the current price of about 0.0078, and if it pulls back below 0.0069, consider adding to your position, with a target return set at over 30%.
US Presidential Election, which cryptocurrencies can be planned in advance?
Recommended cryptocurrencies:
1. People: US Constitution narrative token, current price approximately 0.073, market cap is 370 million USD.
2. MAGA: Trump narrative token, representing the slogan 'Make America Great Again', market cap approximately 90 million USD.
3. Trump: Meme coin related to Trump's image, market cap approximately 170 million USD.
Regarding Harris-related cryptocurrencies, there are fewer concepts, mainly some low market cap on-chain memes, it is recommended to conduct your own research.
Investment strategy:
Focus on market hotspots, especially meme coins. Before and after the election, Musk and Trump may post various slogans on social media, which could stimulate the rise of popular meme coins.
Therefore, always pay attention to market dynamics and seize investment opportunities!
Market sentiment is always fluctuating; after two days of decline, pessimism spreads, and after two days of rise, the bullish market is praised, as if emotions are completely controlled by the manipulators.
Was the drop last night and this morning due to the stock circuit breaker of Trump's company, declining approval ratings, the 'inevitable drop' curse of the summit, or a technical adjustment? There are various opinions in the market.
However, the real reason for the drop is known only to the manipulators, who will provide some explanations that retail investors are willing to accept to calm the emotions.
There are two key data points: first, whether the manipulators are continuously buying, and second, the accumulation situation of long and short positions. If the market rises too quickly, it will inevitably lead to an explosion of long positions; only when long positions accumulate to a certain extent can better rises be achieved.
Overall, Bitcoin ETFs are still seeing inflows, while Ethereum ETFs are experiencing outflows. Just now, the address in Mentougou also transferred out 500 Ethereum, with another 44,900 also being transferred out.
The upcoming trend may be a rise aimed at short positions.
There is a saying in the cryptocurrency world: "Pump is the best advertisement." Many people do not care about this, but it actually makes a lot of sense.
It is often mentioned that when investing in digital currencies, one should pay attention not only to the price but also to the risks. You may think that a pump brings you benefits, and you're right, but you might not know if you can catch this piece of good fortune.
Newcomers may not understand, and even veterans often do not comprehend why a pump can turn into a situation of being harvested.
There is no pump without reason, and there is no sell-off without reason. A pump is often done to offload, while a sell-off is done to accumulate. Market makers understand the psychology of retail investors to successfully harvest, while if retail investors do not understand the strategies of market makers, they will naturally fall into traps time and time again.
1. Once Bitcoin breaks out, focus on altcoins: Altcoins refer to all cryptocurrencies other than Bitcoin.
2. Watch for a counterattack from VC coins: These coins may experience a strong rebound.
3. Pay attention to new narrative-level track opportunities: New narratives may emerge in the market, such as the ETH narrative or the SOL MEME craze.
4. The above is a strategy for expanding the overall trend's achievements: Bitcoin's volatility will continue, and the barbell strategy remains applicable.
5. After the secondary market becomes active, the dominance of trading players may return: Opportunities lost to on-chain players will resurface.
6. After the main wave of altcoins, swapping back to Bitcoin remains an effective strategy.
Historical data shows that altcoin season often quietly begins seven months after each cryptocurrency halving.
This year's halving occurred in April, so we can expect a short and fierce surge in altcoins between November and December. This period usually marks the end of each cycle.
Before the US election, the market was generally bullish, but after the election, no matter what the result, a correction of about 10% is expected.
If Trump wins, it may lead to the exhaustion of good news and turn to bad news; if he loses, it will be directly bad news.
In the investment process, we often face the mentality of "buying fear of rising and selling fear of falling", but in the case of a general upward trend, we still need to bravely take risks and enter the market in time to avoid missing opportunities. So, don't hesitate, take action!
Good morning! The market has remained strong these past two days, with a fluctuation of only 2.12% yesterday, and a hammer candlestick formed on the daily chart.
Today's opening price is 72349, and there is a trend of forming a doji in the four-hour timeframe. During the day, we primarily look for a rebound.
Watch for the small support level between 71500-72000 below, as well as the blue resistance line near the new high.
There will be a burn today, and the amount of LUNC to be burned will be quite large, totaling 5%.
The project will be completely shut down and taken over by the community, transitioning to CTO, which may potentially become the first bankruptcy CTO concept in BN.
In addition, USTC will launch a re-pegging plan.
It's unclear whether these two pieces of news will drive the price up.
BTC's market dominance has finally broken through the 60% mark, just a step away from the target resistance level!
There are mainly two ways to achieve this goal:
1. Altcoins maintain a sideways trend, and BTC makes another new high;
2. BTC experiences a pullback, and altcoins undergo another oversold phase.
In this scenario, I believe altcoins will gradually start to catch up or show anti-drawdown characteristics.
Looking forward to ETH making a rebound after the exchange rate stabilizes next year, so that the trapped altcoins will have a better chance of performing well!
Today is Wednesday, and the market remains strong! Bitcoin is just a step away from its historical high. For friends who are still feeling lost, here are a few suggestions:
1. Bitcoin is expected to reach a new high; everything is within the expected range, continue to watch for opportunities to break the 80,000 mark.
2. Altcoins need to wait for Bitcoin to break new highs before they can start to warm up, at which point venture investments will also rise.
3. Before Bitcoin reaches a new high, altcoins may experience repeated fluctuations and will continue to be influenced by Bitcoin, but local hot market activities may still occur.
4. Don't FOMO, avoid joining the crowd in popular places.
Hold your positions steady and patiently wait for the final market performance.
Full Bull Market or Bitcoin's Final Frenzy? Here are my views:
1. The relationship between ETH and altcoins: The movements of ETH and the altcoin index are closely related.
If ETH cannot hold above 2820, it may indicate that Bitcoin is experiencing its final frenzy.
If Bitcoin hits a new high, there will be a weekly top divergence, which will be a disastrous signal.
Once Bitcoin pulls back, altcoins may experience further overselling. However, I believe altcoins will gradually start to rebound or resist declines, especially next year when the ETH exchange rate stabilizes and rebounds, the trapped altcoins will also see hope.
2. Key levels for ETH: If ETH can successfully hold above 2820, then the opportunity for altcoin performance will come.
Before that, it is only suitable to participate in trading in the short term.
After Bitcoin broke 73,600, a wave of crazy increases appeared in the meme coins in the market, but there is a problem: other altcoins did not rise along with it.
If altcoins other than meme coins still cannot rise within a week, the market may experience severe fluctuations due to a correction in Bitcoin.
This year's market situation is indeed precarious, and the washout is very intense.
Everyone must remember: if altcoins do not rise within a week, evacuate as soon as possible! Because the attention of the market makers is mainly focused on Bitcoin, once Bitcoin experiences a crash, the decline of altcoins could be very severe.
Assuming Bitcoin corrects by 20%, the correction of altcoins could exceed 70%. In fact, this wave of market can be seen as a false bull market, or just a bull market given to Bitcoin by the market makers.
In any case, the opportunities to make money like in 2021 have greatly decreased, because market makers only need to manipulate Bitcoin's ups and downs throughout the year to obtain considerable profits.
If Ethereum wants to start a bull market, $2700 and $2900 are two key resistance levels. The current trend remains upward, and if it can successfully break through these two pressure levels, a golden cross may also appear on the weekly chart.
Last week's daily close was near $2700, and many are chasing the breakout, feeling that this is not an issue.
If it breaks through $2700 again, the likelihood of continuing to rise will be greater than last week.
In Heyue Market, those who face liquidation and significant losses usually share the following common characteristics. If you do not overcome these issues, you will continue to incur losses!
1. Heavy trading positions (30%~50% of capital).
2. Stubbornly refusing to acknowledge mistakes (always expecting price corrections).
3. Not setting stop-losses, habitually closing positions manually, leading to an inability to act promptly in extreme market conditions.
Some people believe that trading with a 10% position is too small, and the profits are insufficient. However, I suggest that you should never expect to get rich overnight. Steady and methodical, as long as you can achieve more than 10% returns on your account daily, it will accumulate to a considerable amount over a month.
Heavy trading positions are the main reason for liquidation; using a high leverage ratio with heavy hands significantly reduces risk tolerance. Eager to achieve results will only lead to worse outcomes.
Choose light positions and small amounts, follow the trend; slow and steady, small gains will add up.
Once your account funds double, you can withdraw your principal. At that time, your mindset will be more open, and your profit speed will significantly increase.
Today, it is recommended to reduce 60% of long positions in batches at high levels, using about 20% of long positions to short at highs (profit-taking target for long positions). For the spot with the largest increase, sell 10%.
It is expected that there will be a pullback on Friday and Saturday, at which time you can replenish positions at lower prices.
By next Tuesday and Wednesday, reduce 80% of long positions and sell 25% of the spot, then replenish short positions, keeping the same position as today, but doubling it.
In principle, take profits at highs, promptly lock in realized profits, and avoid regret from profit drawdown when prices fall.