Important information in the cryptocurrency circle within 24 hours:
1. The U.S. Department of Justice accused the operator of the crypto exchange AurumXchange of suspected money laundering, with some of the funds coming from the dark web market "Silk Road"; 2. According to CME's "Fed Watch", the probability of the Fed cutting 25 basis points by November is 94.8%; 3. BlackRock bought $1 billion worth of Bitcoin last week; 4. The ballot box was set on fire, and hundreds of U.S. election ballots were damaged; 5. Tether CEO: Tether cannot go against the U.S. government; 6. Trump family crypto project WLFI plans to issue its own stablecoin; 7. VanEck expects Bitcoin to become a global reserve asset by 2050; 8. Musk's PAC was sued by the U.S. Philadelphia prosecutor and asked to stop the $1 million lottery activity. Today's Panic Greed Index: 72 (Greed)
A surge of 3.94% in the past 24 hours! What is even more exciting is that BTC has successfully broken through the downward trend line since March this year, which has once again excited investors! Everyone is looking forward to whether BTC can challenge the historical high of $73,679 set in March?
Bitcoin has broken through $70,000, and the number of profitable investors has reached 98%! Only a small number of investors who chased the rise are still trapped, but it is only a matter of time to get out of the trap, because Bitcoin never disappoints anyone! What is even more exciting is that among all Bitcoin holders, 71% have held it for more than a year, showing that more long-term investors are firmly optimistic about the future of this bull market! Bitcoin has broken through $70,000. Can altcoins follow suit? After a full 4 months of silence, Bitcoin has once again strongly broken through $70,000, verifying the truth: "There is only one pie!" This breakthrough is crucial to the entire currency circle and is directly related to the progress of the bull market. Bitcoin has always been the leader of the market. Only when it breaks through the siege can altcoins see the light of day again. The currency circle is a fast-paced industry. Once the market rises, the anxiety of retail investors will be swept away. No matter how many pits you have stepped on and how much you have lost before, as long as you keep your mind steady and grasp the subsequent market, everything will turn around!
So the real moment of decisive battle has come! It is meaningless to discuss when the market will usher in a big bull market now, because the market has conveyed a clear message. With the mindless buying of ETFs, the approaching US election and the successful settlement of interest rate cuts, all the factors that determine the general trend are gradually established, and the price of Bitcoin is also continuing to rise. If you still can't see the situation clearly, it's not bad luck, but a problem of cognition! With Bitcoin returning to $70,000, the rotation rhythm of the cottage sector is bound to accelerate. At this time, what is tested is patience, because the rotation rise between sectors takes time and confidence. Everyone holds different currencies, and the time of rise will naturally be different. When you see other currencies soaring, but your own currency is tepid, can you keep a normal mind? These are the core issues next. Don't let the various voices of the market defeat your beliefs! To get to this point, everyone has experienced hardships, and you must always ask yourself your original intention and goals!
Bitcoin: Yesterday, the K-line closed with a small positive line, and it has closed positive for three consecutive days, showing that the market sentiment is biased towards bulls. In terms of technical indicators, the MACD indicator gradually spreads upward, indicating that the bullish force is slowly accumulating; the RSI is close to 70, suggesting that the upward momentum is strong. Even if there is a small correction in the short term, it is normal, and there is a high probability that it will continue to rise in the future. The current resistance reference range is 73,000-75,000.
Ethereum: Following the trend of Bitcoin, pressure level reference: 2868; 3102
Altcoins: meme coins performed strongly, while others were mainly linked. Bitcoin's market capitalization still remained high. It is expected that after Bitcoin's strong breakthrough, altcoins may rise generally, but we still need to wait patiently. #BinanceBlockchainWeek #BTC突破7W1 #狗狗币创数月新高 #比特币布林带收窄至低水平 #BTC☀ $BTC