Powell is not in a hurry to cut interest rates.
In the morning session, the total market value of cryptocurrencies fell by 4% in the past day, hovering around $3.03 trillion. Data showed that in the past 24 hours, nearly 200,000 people in the cryptocurrency field had their positions liquidated.
Of course, the trend sentiment in Q4 will not change much. Even if there is no interest rate cut in December, it may bring negative sentiment to the market in the short term, but the general direction is still upward.
Brothers, the bull market is moving too fast
After several days of rapid advance, Bitcoin fell back to the 5-day moving average today, driving away those who stopped losses along the 5-day line. It is currently at 87k. This is understandable. With the suppression of yesterday's highs, the first stage has come to an end, and the main uptrend must also choose a way to end. The adjustment range will be seen in the rest of November. The adjustment of Bitcoin is also pouring cold water on the overheated market to cool it down. Bitcoin is allowed to rise by 10,000 dollars a day, but it cannot fall by 6,000 a day? What's more, it has been rising for a week.
From the K-line, today's market has stopped falling at the 1-hour level, the 4-hour level is falling, the 12-hour level is confirmed to be falling, and the daily level is about to enter a falling state. The intraday pressure level is 90,000 and the support level is 85,200 US dollars.
We have to admit that in the current market, institutional funds only buy BTC, while retail funds are interesting, they only speculate on meme coins.
Just look at every time BTC drives the market heat, chickens and dogs start to rise to the sky, the currency circle changes overnight, it is not often that you make money from A8 or A9, and the exchanges are also on fire, taking advantage of the news hot spots to create a dream of getting rich. The leeks should not throw away all the BTC heavy positions to speculate on meme coins, be careful to catch the turtle in the jar and catch them all in one net. (Bitcoin soared by 6,000 dollars, long and short double kills more than 250,000 people liquidated! SOL chain reappears MEME god coin!) You can carefully taste this wave of breaking through the previous high. Did several fruit families quietly buy BTC, and then they announced to establish BTC fruit family reserves. The intention is also very obvious, that is, to rush to build positions before Meiguo establishes BTC fruit family reserves.
And meme benefited from Musk’s shouting, the market value of Dogecoin exceeded 60 billion US dollars, driving the meme sector to a climax again, Shib exceeded 15 billion US dollars, and Pepe also exceeded 10 billion US dollars. Unexpectedly, the second coin to break the historical high in this bull market was PEPE. Due to the listing of CoinBase, Pepe soared by up to twice in a short period of time, successfully breaking the historical high, and became the second altcoin to explode after Dogecoin.
However, it should be noted that PEPE whales have already started to take profits, because 500 billion PEPE funds with 2 trillion PEPE addresses were dumped immediately after the record high. It is still recommended that PEPE lovers should not blindly chase high prices in the short term. If nothing unexpected happens in this round, after the big two have finished rising, the MEME sector will definitely be the first sector to be exposed to traffic, and it will also be the first to rotate.
During this period, whether it is the old MEME, such as Doge, Shib, pepe, or the newer ones like wif, maga, pnut, act, they have all risen rapidly. Act and pnut launched on Binance have increased by dozens of times in just a few days, and their market value has even exceeded 2 billion US dollars. Doge, Shib, and Pepe have reached a market value of tens of billions of US dollars, which has driven the potential market value of meme coins in the future market. The meme coins that could exceed 100 million US dollars before now have an imagination space of 1 billion US dollars, which has brought great wealth effects to retail investors. Therefore, unless the bear market comes, meme coins will most likely run through the entire cycle like Ico in 2017 and DeFi in 2020. So my opinion is to continue to ambush high-quality altcoins.
In this bull market, at least 2 memes with a market value of more than 100 billion should be born.
This is the premise for us to make a lot of money. We just need to catch a meme with a market value of 100 billion. If the meme coin does not reach a market value of 100 billion, then we will not make that much money. Of course, it may only change from making hundreds of times to making dozens of times, and the result should not be too bad.
The cryptocurrency world is inherently risky, so I hope everyone will be cautious and rational, and look at it from an investor’s perspective. At least take a look at what I posted yesterday (How to choose MEME coins? If you want a high probability of making money and a low probability of losing money, just play it like this!) Control your positions reasonably, and be sure to clearly distinguish what you can take and what you cannot take.
When the market is calm, you can adjust your positions dynamically. When the meme is not crazy, there will be natural and random ups and downs every day. At this time, you can appropriately adjust your positions to reduce costs. Friends who are good at operation can even reduce the holding cost to zero before the meme takes off. But it should be noted here that you should adjust your positions when the meme fluctuates little, not when it fluctuates greatly. Because once the meme takes off, you want to sell it first, and then you may never get it back.
