The trend of Bitcoin is like riding a roller coaster. The main feature is the shock and decline. At the early morning, the volume dropped directly like a waterfall. Now, it is almost at the position of 60,300. The A-share market was so hot before, but it was caught off guard by the sell-off and kept falling. In addition, the US dollar index also joined in the fun and pulled back. The double pressure made the market more and more turbulent.
From the short-term point of view, the signal of adjustment is obvious. It feels that the support level of 60,000 will be tested again. However, this position held last week. I estimate that it will most likely hold this time. Don't panic, everyone. Our bull market is not over yet!
On Thursday, if Bitcoin pulls back to the range of 60,200 to 60,000, it will be a good opportunity. Go long quickly and set the target at 61,500 to 62,200!
As for Ethereum, if it pulls back to the range of 2350 to 2330, don't hesitate, just go long, the target is 2420 to 2450! #SCR新币挖矿开始! #你认为PeterTodd是中本聪吗? #6万保卫战 $BTC
The market is changing, it is time to adjust the strategy
Recently, the financial market has experienced an unprecedented shock, providing investors with a good opportunity to save themselves and adjust their strategies. In yesterday's trading, the total transaction volume of the Shanghai and Shenzhen stock markets reached an astonishing 3 trillion yuan, but the market showed a trend of opening high and closing low. Many retail investors were trapped in the T+1 trading mechanism of A shares. It is preliminarily estimated that about 1.5 trillion yuan of funds were trapped in it. According to data from Eastmoney.com, the net outflow of main funds in the two markets reached 214.8 billion yuan. The Shanghai, Shenzhen and ChiNext markets all saw the withdrawal of main funds and the influx of retail funds. The market sentiment was complex and subtle.
$TIA personal opinion update In my opinion, $TIA is currently sitting in a strong support area. Even though I'm still in the red, my gut tells me that another significant surge is coming soon. To control risk, I have moved my stop loss below $4.800. I believe that as the market fluctuates, $TIA is poised to break out of its current predicament and bring me substantial returns. Of course, this is just my personal opinion. Investment is risky, so everyone needs to make careful decisions. $TIA
Recently, SHIB's market performance is undoubtedly more eye-catching than DOGE, and this phenomenon has caused many investors to reflect deeply on the future trend of the meme coin sector. As DOGE's market heat gradually cools down, the top camp in the meme coin field may usher in a reshuffle. SHIB's sudden rise, coupled with the vigorous vitality of the community behind it and the continuous expansion of the ecosystem, has undoubtedly laid a solid foundation for it to strive for a larger territory in the future meme coin market. However, it is still too early to assert that SHIB will surpass DOGE in all aspects. After all, as a pioneer in the field of meme coins, DOGE's brand awareness and fan base are so deep that they cannot be shaken overnight. In addition, the continuous support of social celebrities such as Musk has added immeasurable market influence to DOGE. SHIB is gradually building its own competitive advantages with its technological innovations in ecological construction and Layer 2 projects (such as Shibarium). In this meme coin competition, who will win in the end may depend on the direction of market sentiment, the pace of technological innovation, and the long-term planning and execution of each community. In the short term, SHIB may be able to continue to maintain its relatively leading position, but whether it can really shake DOGE's market position remains to be seen. #币安LaunchpoolSCR #SCR新币挖矿开始! #大A香还是大饼香 $SHIB
The public chain is about to explode, which one do you think is good? Grab one or two 100x coin projects, and you will turn over in this bull market! ! 1. Public chain sector Leading coins: BTC (Bitcoin), ETH (Ethereum) New coins/potential coins: SOL (Solana), BNB (Binance Coin), AVAX (Avalon), DOT (Polkado), etc. . 2. DeFi (decentralized finance) sector Leading coins: AAVE, COMP New coins/potential coins: CRV, DYDX, RDNT, UNI (Uniswap), etc. 3. AI (artificial intelligence) sector Leading coins: AGIX, FET New coins/potential coins: WLD, NMR, RNDR (Render Token), etc. 4. Layer 2 sector Leading coins: OP, ARB New coins/potential coins: METIS, IMX, ZKSwap, etc. These projects are committed to solving the scalability and performance problems of blockchain 5. Oracle sector Leading coins: LINK, TRB New coins/potential coins: API3, BAND, etc. These projects provide data source and information verification services, which are crucial to the development of DeFi and other fields 6. Storage sector Leading coins: AR, FIL New coins/potential coins: STORJ, BLZ, etc. These projects provide distributed storage and data transmission services 7. Modular sector Representative currencies: TIA, DYM, MANTA, ALT, etc. These projects provide modular and customized blockchain solutions 8. MEME sector Leading coins: DOGE (Dogecoin), SHIB (Shiba Inu coin) New coins/potential coins: PEPE, FLOKI, BABYDOGE, etc. These coins attract investors with their unique community culture and cute pet images! #币安上线CATI #以太坊生态meme币 #币安LaunchpoolSCR
World War III? I'm afraid it's an over-concern. 1. When it comes to Israel, Lebanon and Palestine, the total area of these three lands is only 38,000 square kilometers, which is almost the same as an ordinary prefecture-level city in my country. For example, the urban area of Suzhou is 8,488 square kilometers. In comparison, the sum of these three places is still slightly inferior. Therefore, it is too pessimistic to assert that World War III will be triggered based on these regions alone. 2. The geographical scope involved in the Israeli-Palestinian conflict is actually not very large, perhaps only equivalent to the area of the two major metropolitan areas of Beijing and Shanghai combined. Looking back at the Warring States period two thousand years ago, the war swept across the entire Chinese land. In comparison, the current local conflicts are just minor fights in the long river of history. 3. As for neighboring countries, such as Jordan, Iran, Saudi Arabia and Egypt, they each have more urgent domestic affairs to deal with and prefer to avoid being involved in unnecessary conflicts. Of course, there may be occasional behind-the-scenes operations, but that is more based on the delicate balance of their respective interests rather than really preparing for a large-scale war. 4. Today's international relations are far from what they used to be, and force is no longer the preferred way to solve problems. With the deepening development of economic globalization and political multipolarization, countries are more inclined to seek win-win results through cooperation rather than resorting to war to compete for territory. 5. Furthermore, the cost of modern wars is far from what it used to be. It not only involves huge amounts of money, but also involves the loss of countless lives and permanent damage to the environment. Therefore, any country will be extremely cautious when facing war decisions, especially those committed to stable development. 6. In summary, we don't need to worry too much about the outbreak of World War III. Although the world is not completely peaceful, countries are working hard to maintain peace. We should pay more attention to how to peacefully resolve disputes through diplomatic means, rather than indulging in unrealistic war fantasies.
In a ruling on Monday, Judge John Dorsey of the U.S. Bankruptcy Court for the District of Delaware formally approved FTX’s reorganization proposal. This plan aims to ensure that 98% of FTX creditors receive at least 118% of their claims in cash. If FTX creditors can reinvest their proceeds into the market in a timely manner, the cryptocurrency market is expected to usher in a new influx of funds. The Crypto Rover team conducted an in-depth analysis of the $18.3 billion net inflows into Bitcoin ETFs since 2024 and conducted a comprehensive study based on new developments in FTX’s debt distribution. In another prediction, Crypto Rover suggested that Bitcoin may start a new bull run after completing the current consolidation phase.
Interesting Talk about Crypto Market: Hot in the Unpopular If the crypto market is compared to a sector, then it is really a "unpopular" hot topic. Why do you say that? Because although it is not as popular as the stock market, it can cause a lot of waves whenever it moves.
The A-share market (here refers to a certain stock market. To maintain originality, the specific market is not directly mentioned) is so exciting that it almost closed soon after opening. Why? Because it rose too fast, and it was directly the rhythm of the daily limit. This speed and strength are simply jaw-dropping. And those friends who are still sleeping, wake up and find that their cryptocurrencies are also celebrating. That mood, don't mention how beautiful it is. So, although the crypto market looks cold and deserted at ordinary times, once it heats up, it can make people excited. Jokes aside, the crypto market is still a field full of risks and challenges. While we enjoy the fun it brings, we must always keep a clear mind, invest rationally, and never blindly follow the trend.
The coin trading handbook is open to the public! Mastering these three tricks will allow you to be at ease in the coin circle and achieve extraordinary success! Coin trading is not a simple buying and selling game. If you want to make a profit, you must have some real skills! A successful coin trading expert must not only be proficient in economics, but also keep up with current news and have insight into national policies. At the same time, changes in the international situation cannot be ignored. In addition, in-depth analysis of the fundamentals and technical aspects of virtual currency is also essential. More importantly, you must have a tenacious heart and be able to withstand the drastic fluctuations in the market. Whether it is temptation or torture, you must be able to deal with it calmly. It can be said that those who can stand firm in the coin circle are warriors who have experienced hardships and are indomitable! On the road to gold mining in the coin sea, there are three iron laws to remember: First, do not build a position that exceeds half of the total assets, leaving yourself enough operating space, and avoid full position operations, otherwise once a sharp drop occurs, you will fall into a place of no return. Second, when the currency you hold increases by 2-3 times, you may as well sell half of it first, and use the funds recovered to continue the game. When the price reaches the psychological expectation, you can gradually reduce your holdings, and keep 10% of the bottom position to prevent missing out. Third, when the market is frenzy, don't be confused by the numbers in your account. You should cash out in stages and batches. Only the wealth that really falls into your pocket belongs to you! In addition, there are three secrets to cryptocurrency speculation: First, you should choose a regular large-scale trading platform, such as Huobi.com and BitTimes, as small platforms have security risks. Second, you should be cautious about crowdfunding currencies, don't blindly follow the trend, and make a decision after understanding it clearly. Finally, during the downturn in the currency circle, short-term operations should be mainly based on wait-and-see, while long-term investment can focus on the top 20 high-quality currencies in the world, build positions at low prices in batches, and wait for the opportunity. #美国8月核心PCE创4月以来新高 #Telegram推出礼物NFT功能 #Bitwise申请XRPETF $BTC $ETH $BNB
BNB has risen for five consecutive days, which may indicate that Binance’s new Launchpool project Puffer will be launched soon
Recently, the price of BNB has been rising for five consecutive days, and this abnormal performance has attracted widespread attention from the market. It is speculated that this increase is likely related to the new Launchpool project that Binance is about to launch, and this project is very likely to be Puffer. Next, let's take a closer look at the Puffer project: 1. Project Overview Puffer is a liquidity staking protocol based on EigenLayer technology, focusing on the re-staking field and deeply integrated into the ETH ecosystem. 2. Core Team Jason Vranek: Co-founder and CTO of Puffer Finance. He has extensive experience in blockchain technology research and development and has worked as a research engineer at Chainlink Labs.
MOG and WIF prices soar, POPCAT sets new records - what are the future trends of these Memecoins?
MOG, WIF prices soar, POPCAT breaks records - where are these Memecoins headed? This article was originally published on Coinpedia Fintech News The cryptocurrency market is recovering from recent turmoil, a trend that was influenced by the escalation of tensions between two hot countries. As the fear, uncertainty, and doubt (FUD) surrounding these factors gradually dissipated, the price of BTC quickly rebounded to over $63,500. Against this backdrop, memecoins have ushered in a hot market, with the prices of POPCAT, WIF, and MOG soaring. Does this mean that now is a prime time to invest in memecoins? Will DOGE and SHIB follow suit and show a similar upward trend?
43 billion Dogecoin (DOGE) market game: Can the price achieve a breakthrough?
Dogecoin market dynamics: Dogecoin, a digital asset beloved by the cryptocurrency community, currently has a trading volume of 43 billion coins. On-chain data shows that the price range of Dogecoin held by a large number of addresses is relatively concentrated. Currently, our focus is on whether Dogecoin can break through existing price resistance. Judging from the active addresses of profit data, about 137,000 addresses hold Dogecoin in a break-even state, and its break-even price ranges from 0 to 11 US dollars. Given the sheer volume of Dogecoin in this price range, the actions of these holders could have a significant impact on the market price, and they may choose to push the market higher or lower depending on price changes. On the DOGE/USDT trading chart, we can observe that only 13.31% of addresses are profitable at the current price of approximately $0.109. From a technical perspective, Dogecoin has been volatile over the past few months. The daily price chart shows that Dogecoin is currently trading below long-term moving averages such as the 100 EMA and 200 EMA, which is often seen as a bearish sign for the market. However, it is worth noting that Dogecoin price is consolidating near the 200 EMA. If market momentum picks up, this area could serve as both a strong resistance level and the starting point for a potential breakout. The Relative Strength Index (RSI) currently sits around 50, indicating relatively neutral market momentum. If Dogecoin can successfully break above key resistance levels, especially $0.120, it could trigger a rally. Conversely, if sellers take control, Dogecoin may retest the $0.09 level. On the other hand, 17.79% of addresses are losing money or have no money when holding Dogecoin, which poses potential upside resistance. Once market prices recover, these holders may choose to sell to mitigate losses. Additionally, 69% of the total addresses are breakeven, and this large group plays a crucial role in short-term price movements. Their actions will directly affect the market performance of Dogecoin. #币安上线CATI #美国8月核心PCE创4月以来新高 #币安上线EIGEN #9月小非农数据高于预期 $DOGE
SHIB prices fluctuate, the market is changing, are you ready to deal with it? Since its launch, SHIB has shocked the entire market with its astonishing total amount of 1 trillion. Back in May 2021, a mysterious figure "Ryoshi" made a jaw-dropping decision-to donate half of the total amount of SHIB to Ethereum co-founder Vitalik Buterin for free. Buterin surprisingly did not keep all of these gifts, but destroyed 90% of them and generously donated the remaining 10% to charity. However, to this day, SHIB has not established mechanisms such as destruction or production reduction to further regulate its supply. Looking back at the market performance in 2021, SHIB is undoubtedly one of the most volatile crypto assets. Its first price surge occurred on May 11, jumping from $0.00000172 to $0.00003532, an astonishing increase of 1953%. But the good times did not last long. The upward momentum quickly faded within three weeks, and the price of SHIB fell back to $0.00000793. After a period of silence, SHIB ushered in another explosive moment on October 2, 2021, and the price quickly climbed from $0.00000766 to $0.00002913 on October 13. And just two weeks later, SHIB broke through the $0.000089 mark in one fell swoop, setting a new historical high, once again demonstrating its strong explosive power. However, the market adjustment also came as expected, and the price of SHIB fell back.
The question of whether Bitcoin will reach the $70,000 mark by October 2024 has sparked a lot of debate in the financial and cryptocurrency communities, with insights drawn from market trends, historical data, and macroeconomic factors. Market Sentiment and Forecast: X Community Sentiment: Some users on X are notably optimistic, and it is not uncommon to predict that Bitcoin will reach or exceed $70,000 in October. Enthusiasts point to favorable market conditions, including increased liquidity from stablecoin minting and macroeconomic policies that may be favorable for risk assets such as Bitcoin.
Which stage has the bull market progressed to? The six stages of the bull market are like climbing a tall building, so which stage are we in now? The first stage is "difficult to believe in the beginning of the rise", everyone is exploring in confusion and is pessimistic about the rise. The second stage is "slightly rising and suspected of correction", and there are signs of rising, and they are worried that it will fall back, and their hearts are full of doubts. The third stage is "surprised to see the strange rise", facing the rise, they are shocked and puzzled, as if they have witnessed a miracle. The fourth stage is "gradually believing that the rise is appropriate", starting to accept and adapt to the rise, adjusting their mentality to welcome the full arrival of the bull market. The fifth stage is "stagnant and anxious", after getting used to the continuous rise, once the market stagnates, they will feel anxious. The sixth stage is "difficult to tolerate the decline", deeply trapped in the bull market thinking, it is difficult to accept the fact that the market is no longer rising.
Traders, listen up! Today, at 4pm UTC, a staggering $1.3 billion in#BTCand#ETHoptions are expiring!
For the $BTC option, the amount is as high as $1.04 billion. If things go wrong, you could lose up to $63,000! 📉 Looking at ETH options, there are also $270 million expiring. If the trend goes wrong, you could lose up to $2,500! 📉 Because so much money is expiring, the market may become very unstable, and it may go up and down. So, be careful when trading, keep your eyes on the time, and don't miss important changes!