Powell has spoken again, does not want to cut interest rates? He said the era of long-term low interest rates is over, and we must adapt to a high inflation norm. In the past 24 hours, 3.5 billion has been liquidated, and 171,557 people went bankrupt to zero!
Bitcoin's movement is too strong, with 101500 supporting three recoveries; in yesterday's article (Breaking news! Bitcoin crashes? Ethereum drops below 2500 will collapse? NXPC surges by 1000%, Major countdown! CZ wildly promotes Naiive, will RATO take over or become rich?), I advised everyone to buy low at 97000-102000 for spot positions, and later I timely advised everyone to focus on 101600, 101400 to enter; that was basically the lowest point. Currently, Bitcoin has rebounded to around 104000, and this bottom fishing has confidently secured a space of over 2000!
First say: 1 billion hot money enters the market!
Tether issued an additional 1 billion USDT on the Tron chain. Just 7 days later, funds re-entered the market. These funds quickly flowed into exchanges, increasing USDT reserves. Many individuals/institutions are converting fiat into U to enter the market; the crypto circle has not peaked yet and is expected to catch up!
Bitcoin (BTC)
Recently, after a correction of 74,000, a rapid surge occurred. If it breaks through, it will start a new upward trend. It is advised to set up long positions at 101800-100000 and short positions at 105000-106000.
Recently, after a correction of 74,000, a rapid surge occurred. If it breaks through, it will start a new upward trend. It is advised to set up long positions at 101800-100000 and short positions at 105000-106000.
Currently, Bitcoin's momentum is strong, with rebound demand at the bottom of the range, forming a small double bottom. Before it breaks, the bottom is a bullish buying opportunity. The third test of the top of the range; if it consolidates strongly, the likelihood of a breakout is high. If it falls below 100,000 again, it is unlikely to hold; I personally believe the probability of a breakout is significant.
Ethereum (ETH)
Ethereum has rebounded as expected. A false breakout occurred a couple of days ago, followed by a large volume drop and capital exit. It is currently not recommended to chase high spot prices; wait for an effective pullback before entering. Support levels are around 2250-2118-2000, and orders can be placed in batches.
Recent on-chain data shows that a large address holding 10,000 Ethereum has increased its holdings by 1 million Ethereum! Sun Ge, Trump, WLF, and others have heavily invested in ETH. WLF's holdings also include LINK, AAVE, and others, basically all Ethereum-related; in fact, they are all on Ethereum!
Currently, the overall trend for Ethereum is upward, and it seems to have just started a reversal pattern. After the pullback, it is bold to get in. I can't say much, but 4000 is still a possibility later.
Altcoin aspect:
Currently, altcoins like WIF and Moodeng have significantly declined, but there is no need to panic at this time. It is a good opportunity to position in altcoins with high rebound potential; once Bitcoin hits a new all-time high, market confidence will be restored, and altcoins will soar again.
AFT: I noticed unusual fluctuations in the old coin AFT, and the official Twitter has also been updated. I remember AFT was previously launched on alpha and innovation zones but lacked liquidity. Now it suddenly has some liquidity, and I have established a bottom position and plan to observe further.
BroccoliF3B: I added to my position in BroccoliF3B; if it continues to fall, I plan to increase my holdings further. This coin's contract position far exceeds its market value and is the lowest market cap in Binance meme+ contracts, with aggressive operator styles; in a short period, it raised its market cap from over 9 million to 90 million.
On-chain:
FROGGER
FROGGER has a market cap of 6M, and its concept of 'slow is fast' aligns with the Ethereum community. The project party granted 2% shares to V God, showcasing its vision. Yesterday's consolidation showed divergence, but buying pressure was strong, and it didn't drop.
Future script idea: Small funds push to 20M, accommodating large funds; large funds enter, impacting 100M; ultimately launching on exchanges.
B
Recently, USD1 on the FOUR platform supports the creation of memecoins, attracting wide market attention. Last night, B announced that the USD1 pool will rapidly reach 20M, with huge potential, possibly becoming the leader of USD1.
B announced that the USD1 pool will rapidly reach 20M, with huge potential, possibly becoming the leader of USD1. B is mainly building a community on BNBCHAIN, highly aligning with CZ and BSC's 'Build' slogan, attracting much attention. I am currently managing the rhythm well, worth observing.
Mirai
Mirai raised 76,000 $Sol, then returned half, actually raising 6.4 million dollars. The opening play was to set a small pool to lure snipers, then issue airdrops to cause large holders to withdraw.
After public fundraising chips were dumped, the official announced CA, stopping airdrops to raise prices, then distributing to dump. The presale cost was 13M, and the current price of 11.7M has broken below par. The reputation has crashed because the project party only put in 15% of the raised funds for the pool and set a high transaction tax of 10%, which looks bad.
About NXPC:
This project has a generous Binance Alpha airdrop, but linear unlocking over 5 years, about 20% per year. The IP and game are published by NEXON, and the locked portion leads to its valuation being far below 3 billion USD, with a reasonable valuation of about 1 billion USD. Development costs are only 100 million USD, but progress has not reached this amount. The game focuses on equipment crafting and selling, suitable for play-to-earn, meaning crafting equipment to exchange for tokens.
So can this type of game currently support a large real player base? I think it's very difficult, after all, this kind of side-scrolling adventure is outdated, so secondary purchases are not recommended; the only good way is to farm, sell the reward tokens!
