#本周美国将公布PCE、GDP数据

Bitcoin faces challenges: Analysis of three major concerns about the $64,500 resistance level

Bitcoin's recent rise has been encouraging, but it seems to be struggling in front of the $64,500 resistance level. Let's take a look at what's going on behind the scenes!

1. Weak macroeconomic data
Recent economic data has made investors worried. The median price of new home sales in the United States fell 4.6% year-on-year in August, the fastest decline since 2022. This means that house prices have fallen for seven consecutive months, the longest decline since 2009. In addition, inventory remains high, with 467,000 new homes on the market. Weak economic data directly affected investors' risk appetite, causing Bitcoin to lose its upward momentum.

2. Concerns about stock market adjustments
Just as Bitcoin was under pressure, bad news came from the U.S. stock market. Berkshire Hathaway announced a substantial reduction in its holdings of Bank of America shares, with a cumulative reduction of up to $8.9 billion. This has caused the market to worry about potential adjustments in the stock market, which is likely to affect the cryptocurrency market. Many traders have become cautious in this uncertainty, fearing that stock market volatility will have a negative impact on Bitcoin prices.

3. Uncertainty in the US election
The upcoming US presidential election is also a major hidden danger. Democratic candidate Harris's policies are believed to be likely to continue the current government's restrictions on cryptocurrencies, which makes many Bitcoin investors uneasy. On the contrary, many people are optimistic about Trump's support, believing that if he is elected, it may improve the environment for Bitcoin miners. However, when the election situation is unclear, market sentiment is particularly cautious, especially for leveraged traders.

In summary, weak macroeconomic data, potential adjustments in the stock market, and the uncertainty brought about by the US election have jointly led to Bitcoin's challenge at $64,500. These factors make market sentiment cautious, and we need to keep an eye on it and adjust our strategies in time! 🚀💡
$BTC

The Fed once again sent a signal that the economy is very good.
Mortgage interest rates have dropped to the lowest rate in the past two years, and the number of applicants has increased dramatically. If it were me, I would also take out a mortgage.
At present, this data is too single, and it needs to be combined with a series of data such as the employment market, corporate investment confidence, and consumer spending. Only then can better economic expectations be guided. The rise in real estate is likely to make people have a strong desire to borrow money. Enter the copy:

🎤9.26 market view. 🎤
$BTC view:
Big cake breaks through 63358 with volume and closes above 63358 at the hour level. Chase more on the right and withdraw stop loss.
Big cake breaks through 62804 with volume and cannot be withdrawn. Chase short on the right. If it falls below and withdraws immediately, don't move. Pay attention to the changes in volume.

Above the big cake is still 65175, go short one hand, break through and stand firm stop loss. The selling pressure near 65175 is really big.
If the big cake falls back to 61858 and there is a false break and it is quickly recovered, you can buy a small lot. Remember not to buy too much without recovery. If it cannot be recovered, it means that the bulls are weak.

Small-level pressure of big cake is 63839-64532-65302
Small-level support of big cake is 62759-62066-61295
Use support and resistance levels reasonably and flexibly, and do not chase the rise and fall.

🎈🎈🎈🎈🎈🎈🎈🎈🎈🎈🎈

$ETH Idea:
The second cake breaks through 2598 with volume, chase the long on the right, and recover the stop loss.
The second cake breaks through 2559 with volume, chase the short on the right, and recover the stop loss.
I like to make right-side orders because right-side orders have higher certainty.

If the second cake falls back to 2500, those who like to go long can gamble a small long position at this position. If it falls below, leave immediately and don't fight. This is a left-side order. Keep a light position on the left and confirm to increase the position on the right.

Pay attention to the 2672-2702 range above the second cake. You can arrange short orders in batches and stop loss when breaking through this range. This is also a left-side order.

Pressure above the second cake 2631-2671-2727
Support below the second cake 2552-2519-2470
There will not be much fluctuation during the day today, but it depends on the evening. There will be data to be announced at 8:30 tonight. Students should take stop loss to prevent violent fluctuations at night. Adjourn.
$BTC
#新币挖矿已上线HMSTR
#谷歌云与Solana合作
#本周美国将公布PCE、GDP数据

Every bull market will have ten-thousand-fold meme coins, have you chosen the right one?
In the past few years, whenever the cryptocurrency market experiences a bull market, some eye-catching meme coins like Pepe, Dogecoin (Doge), and Shiba Inu (Shib) emerge. These meme coins often attract global investors' attention with their unique cultural symbols. Although Pepe, Doge, and Shib have all become well-known figures in the virtual currency space, their development trajectories and market performances vary. It is noteworthy that during each bear market, newly emerging projects often become the focus in the next bull market.
Old meme coins may be affected by the trapped funds from previous market crashes, leading to significant resistance to price increases, while new meme coins do not carry these historical burdens, making them more likely to achieve astonishing growth.
To capture such opportunities, investors should pay attention to those new projects with lower market caps that have not yet garnered widespread attention. Once these projects start to emerge, timely intervention can be made.
Currently, the altcoin market is experiencing a wave of enthusiasm, with some new meme coins like Wif and Bome showing significant growth momentum. Considering that Bitcoin's market cap still holds a high proportion, and Ethereum has not yet surpassed its historical high, it can be speculated that the prosperity of the altcoin market is still in its early stages. If we refer to the duration of past bull markets, it is expected that this altcoin boom may last until the first half of 2025.
For meme (address 7055) coins, the key lies in whether they can stimulate FOMO (fear of missing out) in the market and maintain sufficient market consensus. For example, Dogecoin has seen price surges multiple times due to the support of famous personalities.
Recently, the meme coin related to Musk #MARVIN (ending in 7055) has attracted attention. The name Marvin comes from Musk's dog, which he often mentions on Twitter and celebrates its birthday every November 1st. Unlike previous meme coins that were listed with a market cap of hundreds of millions on Binance, this one was listed at a lower market cap.

#币安上线NEIRO #meme板块关注热点 #AI概念币普涨 #本周美国将公布PCE、GDP数据

$PEOPLE On August 30, it was estimated that it would break 7 and enter 6 near 0.074, and it would fall if it broke 6 and entered 4!! On September 8, I commented that I would just do it, break 5 and enter 6, and then pull it up! I will decisively sell it! The estimated trend is the short-term and medium-term trend of the first digit 567. It was pulled up to 0.06 on the same day, and it was said that it would return to 0.05, and then rushed to 0.07... that is, Solasi, Rasosi (567, 657...) This year, people, pepe, wif, not, sats, tia, wld, floki... have done a lot of interesting operations, and the timing is more important than entering... Every day, you must check the news and capital dynamics, maintain the sensitivity of the market direction, and be able to accurately enter and exit at the right position. The rhythm is more important than the operation! ! September is almost over, is it going to end? The interest rate cut has started, let's see the positive changes it brings! Come on

#新币挖矿已上线HMSTR #本周美国将公布PCE、GDP数据 #金价屡创新高 #美联储宣布降息50个基点 #内容挖矿 $BTC $ATOM