Bitcoin fractals suggest it will set a new historical high.
Bitcoin is currently trading in the range of $106,300 to $100,600, similar to the previous range of $97,900 to $92,700. The price trend can be summarized in three different scenarios:
The range's low and high points caused an immediate reversal of the trend.
After the formation of the range's high points ($97,900 and $107,144), a double bottom appeared.
The double bottom pattern appeared above the range's low points, sweeping the internal liquidity levels but not reaching the bottom.
Can Bitcoin overcome the daily bearish divergence?
A bearish divergence has appeared on the daily chart, which may dampen hopes for BTC to reach a historic high this week. The bearish divergence occurs when the price is forming higher highs, but the Relative Strength Index (RSI) is forming higher lows, indicating that as the price soars, buying pressure begins to weaken.
Will the U.S. cut rates subsequently?
To this day, Powell has still not released any clear signals for interest rate cuts.
From Powell's remarks, it can be sensed that the U.S. economy may be falling into an epic dilemma.
"Future inflation may be more volatile, and the U.S. may be entering a period of more frequent and prolonged supply shocks, which poses a daunting challenge for the economy and the central bank."
In my humble opinion, the Federal Reserve will continue to pursue a more accommodative monetary policy in the future.
The forecast given by international authoritative institutions averages three interest rate cuts. Goldman Sachs expects the U.S. to begin three rate cuts this December; Citigroup believes the next rate cut will occur in July.
These coins are the most resilient against declines!
Beginners may not know that during a market crash, stablecoins like USDT and USDC are lifesavers! TRC20-USDT on the Tron network processes 14 million transactions daily, faster than Alipay, with almost no transaction fees! Moreover, holding USDT also allows for mining, with annual returns starting at 4%, much more cost-effective than saving in a bank!
In conclusion:
During this stage, the coins that rebound the strongest generally possess five characteristics: policy support, technological innovation, concentrated capital inflow, favorable macro environment, and high liquidity. Bitcoin and Ethereum, as the market's cornerstones, lead the charge due to technological upgrades and institutional accumulation; policy-benefiting coins like XRP, SOL, and ADA gain excess returns due to their official reserve status; public chain projects like Tron consolidate their market position through stablecoin ecosystem expansion. Investors should note that the cryptocurrency market still has high volatility and that policy and technological risks should be continuously monitored.
Primary projects are launching:
Monad (MON) is a high-performance Layer 1 blockchain built for decentralized applications, aiming to provide higher throughput, scalability, and lower costs for decentralized applications (dApps).
The mission is to accelerate the power of decentralization by building a blockchain that is 100 to 1000 times faster than the closest competitor, alleviating the bottlenecks of existing blockchains, and enabling more complex applications and broader adoption.
0 G, full name Zero Gravity, is a leading Web3 infrastructure provider that is building a leading modular AI blockchain, creating solutions to implement on-chain AI applications in the Web3 ecosystem. In summary, it is modular, 7A1, faster speeds, and lower costs. In 2024, 0G also reached strategic cooperation with more than 100 industry-leading partners worldwide, covering multiple fields such as gaming, artificial intelligence, and DePIN.
PIN AI (PIN) is an open-source personal AI platform that integrates open-source artificial intelligence and blockchain technology to open new realms of personal digital experiences, protecting data ownership and privacy. The platform places humans at the center of the AI economy, providing personalized AI and the ability to reclaim data for everyone. With PIN AI, users can retain the value of their data and AI interactions and receive services tailored to their unique preferences.
The primary market is the "golden key" to mining hundredfold coins, but it is not omnipotent. The market is full of uncertainties; the purpose of research and investment is to help us make more rational decisions rather than blindly chasing the myth of becoming rich. By continuously learning and practicing, you can enhance your investment research capabilities and gain an advantage in the crypto market, discovering those truly valuable projects. Hundredfold coins are not an unreachable dream but a goal that can be achieved through solid project research. Each in-depth study and analysis lays the foundation for future wealth accumulation. Do not be misled by short-term market fluctuations; instead, focus on the long-term value and development potential of the projects.
