Brothers, Bitcoin has reached the 9-digit mark! The rise is like a storm, hurry up and get on board!
At 9:30 last night, the US October CPI data was released as expected, and Bitcoin soared by $6,000 to $93,263! It pulled back just 4 hours later, and the market fell into extreme greed!
The explosive growth in recent days has attracted a large number of newcomers to the cryptocurrency circle. The fear and greed index has soared to 88, and the market is showing signs of overheating.
Be careful, the 9-digit coin may fall back to below 80,000 at any time. After the crazy rise, maybe it’s time to “smash” the leeks at the top!
Do you still remember the A-share market before the National Day? Will the A-share market replicate the trend of the A-share market and reach a new peak after a deep adjustment?
Brothers, guess what? Will Bitcoin follow the example of the A-share market and resume its rise after a wave of deep adjustments?
I think this adjustment is completely expected. The pullback is just part of the natural market fluctuations. We should all remain calm and look at it rationally.
As CZ reminded before, risk management is crucial and you must not be blinded by greed. In this market full of fierce competition of "real money and silver", emotional out-of-control often leads to unnecessary losses, and rational operation is the key.
Bitcoin's new high today has brought about a strong unilateral upward momentum, and the consolidation trend continues to advance like a bulldozer.
Even if there is a pullback, it is just a new opportunity! The short-term adjustment in the early morning is actually a good time to buy.
Remember, control your position and choose spot. The long-term upward trend of Bitcoin remains unchanged. Even if you are stuck for a few days, you can get your money back quickly. People who are always worried about "fear of heights" are destined to miss the best opportunity in the bull market - this has just begun!
Trump and Musk's double push! Dabing and Gouzi led the surge in MEME coins, while other copycats have not yet taken off!
This round of rise is inseparable from the hype logic of Trump and Musk. In the MEME coin sector, only Bitcoin, Gouzi and some strong MEME coins are in the leading position, and Gouzi is soaring along with Bitcoin.
The current market heat has not yet expanded to other altcoins. The opportunity cost of pre-positioned altcoins is relatively high, and the best profit opportunity may be missed in the short term!
Today's market analysis:
Bitcoin is under pressure in the short term, but the daily chart is still bullish! Pay attention to the pressure of $93,300 and the support of $87,500!
Judging from the K-line trend, BTC showed a downward trend at the one-hour and four-hour levels, and the 12-hour chart also suggested that it might turn downward.
However, the daily level still maintains an upward trend, and the overall trend remains strong. Currently, the intraday pressure level is at $93,300, while the support level is around $87,500. Short-term fluctuations will determine the next direction!
Why is Squirrel Coin so popular? The secret behind its doubling!
This squirrel coin has become so popular recently that it is shocking! Yesterday, a friend even asked me what it is for and whether it can continue to be used?
To be honest, among the many emerging meme coins, I am very optimistic about Squirrel Coin. The story behind it is full of irony and directly hits some actions of the US government, which is quite symbolic.
Moreover, Musk’s strong push has also quickly attracted attention and heated discussions in the crypto market. All of this, leveraging the marketing effect, has made Squirrel Coin soar rapidly, and it is simply unstoppable!
Musk is making another move! "Big Dog $1" has not arrived yet, but Squirrel Coin is flying first!
Remember the last time Musk shouted "Dogecoin $1", Dogecoin soared 40 times; when he shouted "Shib", it directly soared 100 times!
This time, Musk commented again: "The United States was saved by a squirrel and Meme coin" - Squirrel coin PNUT took advantage of this to step onto the historical stage of saving the United States and became the most iconic crypto narrative in 2021!
Not only that, this was the second time Musk hinted at the potential of Squirrel Coin, not only mentioning it in a social media comment, but also deliberately sending a peanut to hint at it.
All of this has undoubtedly injected strong positive news into the crypto market, and Lao Ma’s influence also makes the future of Squirrel Coin full of infinite possibilities!
In a bull market, there is a saying that must be remembered: "Every pullback is a great opportunity to enter the market!" But remember, don't blindly increase leverage or open contracts. The most important thing is to protect your principal, take steady steps, and then consider how to make a profit.
