At present, the market's funds, traffic and attention are all rushing to Meme tokens in both directions, forming a situation of concentrated hotspots. For example, the CTO concept is hot, and popular projects include Moodeng (Hippo), TERMINUS (Mars City), and Musk's latest Robotaxi. With Musk's social media dynamics (pinning and changing avatars), the market seems to hint that another hot Meme token will be released, especially projects related to "Robot".
Today's market analysis:
BTC
Bitcoin is currently rebounding at the 1/2 hour level, and the upper pressure levels should be around 60800-61300-61740!
As long as it does not fall below 60150 today, the 1-hour level will be a rebound. If it falls below this position and fails to rebound again, then this rebound is over and the market will go down again. Pay attention to the support levels below near 59640-58925-58260!
ETH
Ethereum is relatively hard. Currently, it has started to rise at the 1/2 hour level and rebounded at the 4 hour level. Pay attention to the upper pressure levels near 2420-2440-2470!
As long as it does not fall below 2400 today, the 4-hour level will rebound. If it falls below this position and fails to rebound again, then this rebound is over. Pay attention to the support level below 2385-2365-2348! (Pay attention to 2385 at the small level. It will still go up if it does not fall below this position)
Why are the mainstream currencies not pulling up, but some small-cap altcoins and MEME coins are agitated? The main reasons are as follows:
First, the funds brought by the Fed’s interest rate cut have not yet entered the crypto market. The rise of mainstream currencies requires a huge amount of funds to push the market up, which has led to the current extremely sluggish performance of mainstream currencies.
In this case, retail investors will look for investment opportunities with higher returns and turn to currencies with low market capitalization.
Second, the market liquidity is insufficient. The purpose of pumping the market is usually to attract followers, raise the cost price of retail investors through continuous market turnover, and finally realize shipment. But if there are no followers, then pumping the market will become an opportunity for other retail investors to get out of the market.
Third, low-market-cap altcoins and MEME coins have become the main driving force of short-term market fluctuations due to active speculators, low circulation, and susceptibility to manipulation.
Just like the previous two days, almost all the fan sectors were pulled up. This is because this type of target has been washed out for nearly half a year, and the chips have been very concentrated. For example, SANTOS, which has been observed for half a year, does not have much depth at all, and it does not cost much money to pull out a very large increase.
Faced with such a wide variety of Meme tokens, if you want to make money, you need a strategy. Here are a few key points:
Pay attention to hot topics and celebrity trends: The dynamics of celebrities such as Musk and Sun Ge will have a huge impact on Meme coins. Their social media actions often trigger a chain reaction in the market. Therefore, keeping up with celebrity comments and related hot topics in a timely manner is the key to capturing opportunities.
Fast in and fast out, master the rhythm: Meme coins are usually highly volatile, and prices will rise rapidly in a short period of time, but they are also prone to rapid callbacks. Therefore, maintaining an efficient entry and exit strategy, especially when market sentiment is high, short-term trading is a common means of profit.
Diversify your investments to reduce risk: Meme coins are very risky, so don’t invest all your money in a single project. Choose a few hot tokens for diversified investment to reduce the risk of loss caused by a sudden crash.
Pay attention to transaction volume and community activity: Whether Meme Coin can explode often depends on the activity of the community and transaction volume. Pay attention to projects with active transactions and high community popularity, which sometimes have greater potential for explosion.
Avoid FOMO (fear of missing out): In a bull market, it is easy to chase high prices for fear of missing out. This mentality is very dangerous. Stay calm and rationally analyze the growth space and market cycle of the project to avoid chasing highs and selling lows.
Based on the above reasons, we should pay more attention to some low-market-cap altcoins and use a small amount of funds to gain a larger return. However, it should be noted that although low-market-cap coins may bring high returns, they are also accompanied by high risks.
