For the first time, it is expected that the probability of the Federal Reserve cutting interest rates by another 50 basis points at the FOMC meeting on November 7 has exceeded 50%. At the same time, Harris stated for the first time that if elected president, he would encourage the development of the cryptocurrency industry. What is certain is that whether the Republicans or the Democrats come to power, the trend of being friendly to the crypto industry is irreversible. From an overall macro perspective, this is undoubtedly a major positive.
A new week has begun, and the pull-up mode has been turned on the first day of this week. Here, I have good news to tell you that the weekly level of big cake has entered a bullish trend, which means that the previous decline has ended. At this moment, those who did not buy low-priced chips have temporarily lost their opportunities, so it is very important to hold the chips that have been bought. As early as the end of June, it was mentioned that the monthly line began to fluctuate sideways, and after the end of the bull market in the second half, it entered the wash-out stage, calling on everyone to buy big cake spot on dips and wait for interest rate cuts. The key to the bull market takeoff in the second half lies in the interest rate cut. If the interest rate cut does not come, the bull market in the second half will be difficult to come. Believe my friends, I dare to say with certainty that big cake spot will definitely make a profit.
The interest rate cut is undoubtedly a real positive, and some stubborn brothers are still holding on to their short orders. This week, it depends on whether the weekly line can retrace. Otherwise, once the big cake breaks through the pressure level near 6.5, the next target will be 6.8 or even 7.2. Everyone needs to examine whether their margin is sufficient.
When it comes to Ethereum, the key question at the moment is: has the exchange rate bottomed out or is it just rebounding? Although Ethereum is controversial, it is undeniable that it is the real leader of altcoins. Only when Ethereum is strong can altcoins be strong. Ethereum is indeed a true symbol of market liquidity.
Has the market completely reversed? We should treat breakthroughs with caution, not with a cerebral orgasm. First, there is no suspense about breaking through 65,000, and there is no suspense about closing with a big positive in September. Facing breakthroughs, we need to be cautious and not blindly optimistic. Second, the market is worry-free before mid-October, but after mid-October, we need to take it one step at a time. The market is relatively safe within 66,000, but we need to observe carefully above 66,000. In comparison, BTC can go further, while the trend of ETH and altcoins may be slightly shorter.
When the market is good, you should make money. No matter how many times you want to make money, you must make money. Only in this way can the profit structure be better and the mentality will be more stable. Otherwise, once the market is adjusted, the mentality will easily collapse, especially for currencies with extremely high volatility such as Tugou.
Although it is difficult to quantify any market accurately, the market has a direction. Today's crypto market is moving in a positive direction. In fact, three basic points are all positive for Bitcoin - an inclusive policy environment, a liquidity-activated market, and adjusted interest rates. These are the key factors that determine a new round of crypto bull market.
The acquisition of altcoins requires three conditions: choosing high-quality coins, holding a large position at the bottom, and taking profits at high positions. If any of these links are missing, the result will be zero. If you don't know how to choose coins, even if you know how to buy and sell, the result will be nothing. If you know how to choose coins but don't dare to buy at the bottom and don't want to sell at high positions, it will also be nothing. Altcoins can basically only play with the leading ones, which is not a big problem. Researching altcoins is also very rewarding and challenging. Of course, getting good results is also very tempting, but 80% of people may not get good results.
Marvin (address 7055), as a meme coin related to Musk's pet dog, has a strong community consensus, is expected to return 500 times, and is expected to be listed on major exchanges. Its current market value is low, and it is indeed a good time to build a position. $BTC
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