本周美国将公布PCE、GDP数据

#本周美国将公布PCE、GDP数据

Bitcoin faces challenges: Analysis of three major concerns about the $64,500 resistance level

Bitcoin's recent rise has been encouraging, but it seems to be struggling in front of the $64,500 resistance level. Let's take a look at what's going on behind the scenes!

1. Weak macroeconomic data
Recent economic data has made investors worried. The median price of new home sales in the United States fell 4.6% year-on-year in August, the fastest decline since 2022. This means that house prices have fallen for seven consecutive months, the longest decline since 2009. In addition, inventory remains high, with 467,000 new homes on the market. Weak economic data directly affected investors' risk appetite, causing Bitcoin to lose its upward momentum.

2. Concerns about stock market adjustments
Just as Bitcoin was under pressure, bad news came from the U.S. stock market. Berkshire Hathaway announced a substantial reduction in its holdings of Bank of America shares, with a cumulative reduction of up to $8.9 billion. This has caused the market to worry about potential adjustments in the stock market, which is likely to affect the cryptocurrency market. Many traders have become cautious in this uncertainty, fearing that stock market volatility will have a negative impact on Bitcoin prices.

3. Uncertainty in the US election
The upcoming US presidential election is also a major hidden danger. Democratic candidate Harris's policies are believed to be likely to continue the current government's restrictions on cryptocurrencies, which makes many Bitcoin investors uneasy. On the contrary, many people are optimistic about Trump's support, believing that if he is elected, it may improve the environment for Bitcoin miners. However, when the election situation is unclear, market sentiment is particularly cautious, especially for leveraged traders.

In summary, weak macroeconomic data, potential adjustments in the stock market, and the uncertainty brought about by the US election have jointly led to Bitcoin's challenge at $64,500. These factors make market sentiment cautious, and we need to keep an eye on it and adjust our strategies in time! 🚀💡
$BTC

In the past few days, everyone has been staring at the previous high of 65175 of Bitcoin. Some people describe it as the dividing line between heaven and hell. It has been consolidating for 5 consecutive days below 65000 and has not been able to break through. Is it because the air force is not collecting enough chips or the bulls are shaking and washing before breaking through⚠️‼ ️

In fact, everyone is staring at 65000, and so are we. Their views are vague, but my view is relatively clear. I am bearish above 63500. The reason is very simple. Bitcoin rebounded 12,000 points from 525 to 548. The bulls are weak and need to wash the market. If there is a top divergence in the indicators, it is also one of the signals of adjustment⚠️📉‼ ️

Even if I go long, I will wait for the opportunity to adjust down before I go long. Yesterday, there was a high-level real Yin-enclosing Yang. If it cannot be reversed today, then there is a possibility of a larger adjustment#本周美国将公布PCE、GDP数据 #谷歌云与Solana合作 #比特币盈利供应能否推动价格上涨？ $BTC

Professionals all understand that the bull market is coming
#AI概念币普涨 #新币挖矿已上线HMSTR #币安上线CATI #本周美国将公布PCE、GDP数据

#本周美国将公布PCE、GDP数据 #新币挖矿已上线HMSTR
These days, some people asked me what $AR is. In short, it is storage. I think it is the current storage leader and has replaced the position of $FIL . Old fans must know how strong Fil was back then and how well its narrative was, but that is all in the past. Ar's performance in this wave of market is also quite good. You can buy some at a low point. After all, the concept of storage can still be discussed! $ARKM

Every bull market will have ten-thousand-fold meme coins, have you chosen the right one?
In the past few years, whenever the cryptocurrency market experiences a bull market, some eye-catching meme coins like Pepe, Dogecoin (Doge), and Shiba Inu (Shib) emerge. These meme coins often attract global investors' attention with their unique cultural symbols. Although Pepe, Doge, and Shib have all become well-known figures in the virtual currency space, their development trajectories and market performances vary. It is noteworthy that during each bear market, newly emerging projects often become the focus in the next bull market.
Old meme coins may be affected by the trapped funds from previous market crashes, leading to significant resistance to price increases, while new meme coins do not carry these historical burdens, making them more likely to achieve astonishing growth.
To capture such opportunities, investors should pay attention to those new projects with lower market caps that have not yet garnered widespread attention. Once these projects start to emerge, timely intervention can be made.
Currently, the altcoin market is experiencing a wave of enthusiasm, with some new meme coins like Wif and Bome showing significant growth momentum. Considering that Bitcoin's market cap still holds a high proportion, and Ethereum has not yet surpassed its historical high, it can be speculated that the prosperity of the altcoin market is still in its early stages. If we refer to the duration of past bull markets, it is expected that this altcoin boom may last until the first half of 2025.
For meme (address 7055) coins, the key lies in whether they can stimulate FOMO (fear of missing out) in the market and maintain sufficient market consensus. For example, Dogecoin has seen price surges multiple times due to the support of famous personalities.
Recently, the meme coin related to Musk #MARVIN (ending in 7055) has attracted attention. The name Marvin comes from Musk's dog, which he often mentions on Twitter and celebrates its birthday every November 1st. Unlike previous meme coins that were listed with a market cap of hundreds of millions on Binance, this one was listed at a lower market cap.

#币安上线NEIRO #meme板块关注热点 #AI概念币普涨 #本周美国将公布PCE、GDP数据

$PEOPLE On August 30, it was estimated that it would break 7 and enter 6 near 0.074, and it would fall if it broke 6 and entered 4!! On September 8, I commented that I would just do it, break 5 and enter 6, and then pull it up! I will decisively sell it! The estimated trend is the short-term and medium-term trend of the first digit 567. It was pulled up to 0.06 on the same day, and it was said that it would return to 0.05, and then rushed to 0.07... that is, Solasi, Rasosi (567, 657...) This year, people, pepe, wif, not, sats, tia, wld, floki... have done a lot of interesting operations, and the timing is more important than entering... Every day, you must check the news and capital dynamics, maintain the sensitivity of the market direction, and be able to accurately enter and exit at the right position. The rhythm is more important than the operation! ! September is almost over, is it going to end? The interest rate cut has started, let's see the positive changes it brings! Come on

#新币挖矿已上线HMSTR #本周美国将公布PCE、GDP数据 #金价屡创新高 #美联储宣布降息50个基点 #内容挖矿 $BTC $ATOM