Will BOME become the next Pepe? ? ?
Two months have passed since the opening of Binance. In these two months, you can carefully observe whether the daily and weekly lines of BOME are almost the same as the trend of Pepe after the opening of Binance. The only difference is that the time may be a little different. For more than a month, it has been oscillating and washing. It is necessary to clean up the profit-taking in the three days before listing on Binance and reach a new price consensus.
Why do I compare these two? Because the market-making methods of the two do have many similarities.
Looking back at the listing of Pepe on Binance, washing, and then ushering in a big rise, they basically followed the pace of BTC. The same is true for BOME now. When BTC falls, BOME also falls; when BTC rises, BOME also rises. So this is why I said before that we should learn to improve our understanding of BTC. Because we all look at the face of the big pancake.
Then the previous low point of BOME is 0.0072-0.0082. Friends who copied this bottom must be happy, and now it has risen. Those who didn't copy it will definitely ask whether it will reach this range or even lower later?
The sentiment in May is still okay, because it is still a period of suspension of interest rate hikes. For the market, the biggest turning point is the interest rate cut. I have answered the impact of the interest rate cut before. This affects the sentiment. For the impact on money, everyone just needs to pay attention to the ETF data and the capital inflow.
The biggest black swan is the US economic recession superimposed on other events that affect panic. It may bring about drastic market fluctuations. Of course, it is unpredictable at present, so we have to pay attention. If the panic spreads at that time, ETFs cannot cover the bottom, and the liquidity of funds cannot keep up with BTC, it will be inevitable, and then BOME will usher in the return of value again.
After talking about the possible bottom, let's talk about when it will rise? For example, PEPE will rise by more than 10 times. There must be friends here who say, now, isn't it rising now? Indeed, it is rising, so is it like PEPE 10 times before. Whether I say it will or not, everyone may not believe it.
We only look at one thing, that is, trading volume. Trading volume can't deceive people. Generally, the daily trading volume increases significantly, breaking through the previous downturn. It will not stop quickly and will start naturally.That's the real rise.
