Powell said in the early morning that there is no rush to cut interest rates. In fact, you have to listen to this in reverse.
Especially at this sensitive stage, if the US dollar is eager to cut interest rates, it means that the US economy is indeed in recession. In order not to cause panic, it is necessary to show the market that it is confident. In fact, considering the current US economy and the potential crisis of US debt, it is estimated that interest rates will have to be cut quickly in early 2025.
After several days of rapid growth overnight, Bitcoin fell back to the 5-day moving average today, driving away those who had set stop losses along the 5-day line. It is currently at 87k.
This is understandable. As the price is suppressed again after rising again, the first stage has come to an end, and the main upward wave has to choose a way to end. The adjustment range will be seen in the rest of November.
In the short term, what we can focus on for Bitcoin is the test of 85,000-86,000, and the pullback to the rising trend line after the price enters the range of fluctuations. If the price does not fall below 85,000, it will still be treated as a volatile market under the background of a bullish trend. It is still the same as the previous view that you should not go all in. It is better to buy more when the price drops sharply and buy less when the price drops slightly.
In this wave of Bitcoin retracement, meme is still hot, attracting more foreign capital to enter the market, and the wealth-creating effect of the currency circle is about to start. It is ironic that the market value of a bunch of meme coins exceeds that of many copycat industry leading coins. Doge, shib, and pepe have reached a market value of tens of billions of 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 a imagination space of 1 billion US dollars, which has brought great wealth effects to retail investors.
1. Today, let’s reveal the secret of the magic coin pnut. It rose 161 times in 7 days. Did it appear out of thin air? After reading this, you may know whether pnut will continue to rise in the future?
The 161-fold increase in the price of pnut in 7 days is obviously the result of market manipulation. This is not a normal market phenomenon.
The first wave of pnut's rise was on November 11th
The market value increased from 39,947,617 to 386,934,318 US dollars, a direct increase of 10 times. What is the reason?
On the same day, pnut announced that it would list on Binance, Crypto.com, Bybit, Kucoin, OKX, and Pump.Fun. This means that the meme project has a very thorough plan. Under normal circumstances, how could Binance and OKX be listed at the same time? The only possibility is that they were discussed in advance.
The second wave of pnut pull-up was on the 13th
The market value increased from 386,934,318 to 1,702,165,733 USD. The market value can be increased by 6 times.
So what did Pnut do that day? Musk directly called for an order! That post directly received more than 43 million views
It's really crazy, the appeal of the Lord of Twitter. This is definitely not a normal market phenomenon.
What is Musk’s purpose in calling out orders?
Now, I copied this animal meme. You see, you can still make money by speculating on memes. Let retail investors continue to fomo memes.
How will pnut operate in the future?
So if you buy it, you should pay attention to the risks. I personally think that on the one hand, you can watch Musk's dynamics, and on the other hand, you can continue to look for potential animal coins or even squirrel coins. The hype of 7-day pnut this time is textbook-level and worthy of learning from all parties.
2. ACT has skyrocketed 269 times in 7 days, and you can also make a layout!
Will the altcoins suffer? At present, the altcoins have returned to the starting point, but after the meme market ends, funds will shift to a wave of valuable altcoins, but the range will be limited, so everyone should choose the right target!
