Over the weekend, Bitcoin accelerated its rise, skyrocketing to 120,000! Ethereum reached a new high, soaring to 4,300! Yesterday's article pointed out that BTC's 115,700 is a support and resistance conversion level, suitable for a short-term rebound. The key support for ETH is at 4,150, with no upper limit on the rise; don't easily short! This has perfectly validated the effectiveness of the current strategy. Did you keep up?
Today's hot opportunities:
1. On-chain AI coins are experiencing a comprehensive surge, with established AI projects like swarms, grift, griffain, arc, etc., leading the charge, signaling the start of the altcoin market.
2. The CEX market has exploded under the influence of ETH, with new coins and quality DeFi leaders like prove, ena, ldo, eigen performing outstandingly.
3.ena stablecoin's market cap has surpassed 10.2 billion, driving the strong performance of ena, expected to continue rising next week.
4. Alpha coins are hot, with some targets seeing daily gains of 100%. It’s best to stealthily position in quality Alpha coins (especially those listed on Binance).
5. Pay attention to on-chain meme AI for altcoins, CEX focusing on DeFi, new coins, and Alpha; there are many opportunities that need to be seized.
BTC
Bitcoin briefly fell back after breaking 122,165 this morning. Don't think it's a top formation; this is just a short squeeze after the bears failed. The real surge has just begun, and it's not impossible to see a push to 130,000 this week!
Although BTC's weekly chart is strong, we need to be wary of the risk of a CPI data pullback. Looking at the weekly chart, it closed above 118,000, close to engulfing last week's bearish candle. Breaking through 123,000 is a key signal, but it is still in a range consolidation and not a trend breakout. To truly confirm a strong move, we need to close above 123,000 next week and form a clear bullish candle. The daily chart shows an AMD distribution pattern; falling below 116,000 will be an institutional accumulation, and we are now close to the end of the distribution, making it unwise to chase long positions.
The 4-hour chart has reached the Fibonacci 0.618 extension level (around 120,000), nearing the previous high.
ETH
Ethereum has broken the previous peak, just 10 percentage points away from its historical high. Although there hasn't been a significant volume increase this time, the momentum is strong; no one knows how far it will go, and taking it step by step is the professional attitude.
This weekend, Ethereum continuously broke out with increased volume, reaching an intraday high near the 4,800 dollar consolidation zone from four years ago. However,
this round of increase lacks daily support. The previous target of 4,300 dollars has been achieved, and the next target is the historical high of 4,700-4,900 dollars. Currently, only a small position is maintained for further observation, and it is not advisable to heavily chase high prices. With Bitcoin and Ethereum's rotating increase coming to a pause, altcoins may become the new market focus.
Altcoins
This bananas31 is on fire, directly with a big bullish candle, making a profit of 728% Z increase.
With Ethereum's strong rise, Bitcoin's market dominance index has fallen below the trend line, which seems to signal the upcoming altcoin season. The focus will shift to Ethereum-based altcoins, and even memecoins may return to the Ethereum chain. Currently, the main narrative in the crypto space is the ETF bull; whoever has an ETF is bullish.
Tru:
RWA concept, low market cap, could accelerate upward at any time, worth paying attention to.
Odindog:
has been activated, the pool is well-filled, and the leading #odinpepe has a market cap of over 120M. If the platform passes a security audit, it may see a violent price surge. The main force tested with 15 BTC in the early hours, dropping 80% before repurchasing, testing the limit of selling pressure; about 20 BTC could go to zero, so caution is needed when chasing high prices.
XRP:
With two major narratives (cross-border payments, RWA) backing it up, development is clear after the SEC lawsuit is resolved. The U.S. crypto narrative points towards Ripple. Short-term positives: 1. Application for a U.S. bank license; 2. XRP ETF expected to pass by the end of October; 3. A Japanese consortium applying for BTC & XRP ETF, with clear benefits.
On-chain
ETH is rising, and the on-chain dog coin craze is being led by SOL; the AI sector may rise again!
Recently, meme coin trading has been booming, with on-chain activity rising and enthusiasm for memecoins soaring. Yesterday, I made over 400,000 with $AGI, and this morning I made another million with BELIEVE. Many people will surely sell $SPARK too soon; the market makers are quite strong, pulling it up little by little, and it's already reached a market cap of 40 million.
Every day, new meme coins with million-dollar market caps are emerging, and projects worth tens of millions are frequently appearing. The market is looking forward to a billion-dollar big dog igniting the craze. The AGI and AI narratives are upgrading, and the funding direction may shift back to the AI sector. $swarms and others have shown early signs of movement, deserving special attention!
