Regarding the flow of funds in the cryptocurrency circle, we noticed that the position ratio of long-term Bitcoin holders to short-term Bitcoin holders is changing. Data shows that long-term players are absorbing the chips of short-term players who are cutting their losses. This large-scale accumulation of funds occurred at the end of 2022, when Bitcoin soared from $15,000 to $50,000, an increase of more than 3 times. The long-term players' strategy of building positions and distributing at high positions is quite savvy. At present, they are hoarding coins again. Although the price is falling, this bullish divergence indicates that the big market may still be behind, and operations need to be cautious.
Today, the cryptocurrency world has also ushered in a possible major positive: the nearly three-year-long Russian-Ukrainian war is expected to end. Zelensky will propose a victory plan to end the war at the German conference, which may bring substantial progress, which will greatly boost the capital market and is worth looking forward to.
After talking about the overall market, let’s take a look at several potential small coins that Xiao Miao has repeatedly mentioned.
A friend asked if there are any coins that have the chance to be listed on Binance, and if they can make people rich overnight, there is indeed an outstanding coin - SunDog. This is the leading local dog on the Tron chain, with a market value of only 200 million. Compared with local dogs on other chains, it has great potential. More importantly, it has the support of Justin Sun, who has a close relationship with Binance boss Zhao Changpeng, so there is a high possibility that SunDog will be listed on Binance, similar to the case of ETHW.
Although some people think that Justin Sun is unreliable, he is very dedicated to the project. For example, his TRX performs very well and has a strong trend. SunDog's K-line trend is also good. It has currently pulled back to the support level of 0.2, forming a double bottom in the short term, and there is an expectation of rising. Justin Sun often calls orders when the market is good, so it is more appropriate to allocate 5%-10% for investment, and heavy positions should be cautious.
In addition, the election sector is also gradually heating up. The support of bigwigs such as Musk makes election-related currencies such as people and Maga worthy of early attention. People has increased from 0.5 to 0.7, with a gratifying rise. And the wld we mentioned has also increased from 1.5 to 2U, an increase of more than 30%.
PEPE recommended buying at the bottom when the price was 0.08 and 0.09, and now it has risen above 0.1, with a 20% increase in just a few days. In the cryptocurrency world, it is not difficult to seize opportunities to make money, the key lies in whether you can grasp them.
The Wall Street interest rate market has collapsed one after another. The probability of a 50 basis point rate cut next month has dropped to 7%, while the probability of a 25 basis point rate cut is as high as 93%. Fortunately, the Federal Reserve is expected to cut interest rates to 3.5% in June next year, and the total reduction will reach 200 basis points in half a year. Therefore, there is no need to doubt the cryptocurrency market. The bull market will still come, although it may be a slow bull market, rising as global easing policies gradually advance.
However, in the short term, market concerns about inflation remain. The latest employment data is amazing, doubling to 250,000, which is alarming. However, industry insiders know that these data may be beautified by the Democrats. Nevertheless, the recent high employment figures make Thursday's inflation data particularly critical. The current CPI previous value is 2.5%, and the market expectation is 2.3%, showing optimism; the core CPI is expected to be 3.2%. In summary, I think there is a high probability that the CPI will fall this time, which is good for the market, especially when the last inflation data is released before the election. The Democrats may beautify the data, so everyone can look forward to it.
Today's article ends here. We are currently in a bull market, and the situation is turbulent. We share passwords every day. If you don't know what to do in a bull market, welcome to follow us. Bull market spot passwords and layout strategies can be shared free of charge.
