Key points to watch tomorrow: First, will the market encounter rebound pressure near SPY 6000 points, and then start a correction.
Second, can TSLA hold the $325 position? You know, this is the starting position of the previous gap, which happens to be the closing price last Friday.
👀👀You must focus on the leading coins. I emphasize this point again and again!
When the market falls, the leading coins often fall less than other coins;
When the market rises, the leading coins can always take the lead and lead the entire market to a strong trend.
Currently, there are these leading coins worth paying attention to:
The leading coin in the Meme category is DOGE, which is also called the "King of Buff" by the market in this round of market conditions.
The mainstream Meme coin in the ETH ecosystem is PEPE.
The leading coin in the field of art concepts is BAN.
The leading coin in Layer-2 solutions is FOXY.
The leading coin in the category of Internet celebrities is MOODENG (the familiar "Hippo").
Although currencies such as FLOKI and WIF perform slightly better than BONK, they are still far inferior to the leading coins mentioned above in terms of overall performance.
If the outcome of the SEC case is favorable, Ripple XRP is expected to break $10!
After Trump's victory, the crypto community is looking forward to favorable policies for Web3 and crypto projects, especially Ripple XRP. Due to legal conflicts with the US Securities and Exchange Commission (SEC), the price of Ripple has suffered in recent years. If a settlement can be reached under the leadership of the Trump administration, experts have begun to predict its price trend. In this bull market, new altcoins have become the leaders. DTX exchange has surpassed Cardano (ADA) with a breakthrough pre-sale rebound and is favored by global "whales". Due to its advanced functions and scalable infrastructure, its price potential in the bull market is higher than ADA and Ripple.
Yesterday, the daily increase exceeded 9000u, and then the highest increase exceeded 6000u. It also broke through 90000u for the first time, and stood at 93000u before it began to pull back.
Today, the trading volume of spot#BitcoinETFexceeded 7.4 billion, which is not a small amount. And the exchange rate has begun to fall again, and it is still in the top four leading the decline.
It feels that the activity of the entire chain has been extremely "FOMO" (fear of missing out). It is estimated that it is only a matter of time before it hits a new all-time high (ATH) and a new high.
The daily trading volume of Solana DEX (decentralized exchange) has exceeded 5 billion US dollars for three consecutive days.
$BNB, this coin, I don’t understand what it is doing. At present, it seems to just follow the fluctuations of Bitcoin.
@phantom reminds iOS users to pay attention to the "app reset" problem of the wallet, and urges everyone to back up the recovery phrase. This should be taken seriously.
@elonmusk launched the Department of Government Efficiency (DOGE) X (Twitter) account, and it feels like there will be new developments.
In the evening, @RobinhoodApp and @coinbase went online one after another, pushing market sentiment to a climax, and PEPE directly rose by more than 70%.
@coinbase is going online again, continuing to boost market sentiment, and WIF almost hit a new all-time high (ATH).
Arca and BlockTower are going to merge in an all-equity transaction, which is also a big move.
The FBI seized the equipment of Polymarket's CEO and may accuse him of manipulating the market to help Trump. This matter has caused a big fuss. Someone directly posted a topic #memecoin @elonmusk also said that Dogecoin's fixed inflation rate is a feature, not a defect, and this view is also quite eye-catching.
Tether (Tether) has been printing money like crazy these days, and several B of USDT have been printed on the chain.
Just finished dinner, let's talk 👀👀 Speaking of the current situation, the market is in the most profitable stage of the bull market.
Although the historical market trends will not be reproduced intact, the emotional performance of investors in the market is worth learning from.
If you and I hold the same view and believe that we are currently in a magnificent bull market, then every price drop caused by panic in the early and mid-term stages of the bull market should be cherished.
Because in such a market fluctuation process, it is very likely that a new sector will stand out, or some new local hot topics will emerge, which will inject new vitality into the entire market.
But in this process, it is important to remember that you must not frequently change positions.
You must know that the development prospects of those small-scale and relatively low-profile currencies often have many restrictions, and it is difficult to achieve long-term and stable development in the market.
Therefore, for such small coins, investors can participate in them with a tentative mentality, but at the right time, they must be decisively sold and not overly nostalgic.
From the perspective of the flow of market funds, whether it is the capital flow caused by the election or the new capital injection attracted by the interest rate cut policy, these funds will most likely still converge and concentrate on core investment targets.
For example, the mainstream coins that everyone is familiar with, as well as the leading coins in various popular sectors, are the key for investors to obtain rich returns and realize asset appreciation in this round of bull market. They can be called the core "flesh and blood" of the entire investment layout! #PNUT走高 #币安获CCData最高评级 #美国10月CPI数据即将公布
👇👇👇 The popularity ranking shows that ACT's popularity is the same as yesterday, ranking first. The popularity ranking is as follows:
① ACT ($0.6809, 33.96%) ② DOGE ($0.3754, -11.59%) ③ PNUT ($1.29, 196.08%) ④X ($0.0002185, -30.63%) ⑤ WLD ($2.21, -15.65%)
ACT's main selling power is average, with a 24-hour net outflow of $16.2309 million and a 24-hour transaction of $3.01 billion, of which the main net inflow is $5.5584 million. #币安获CCData最高评级 #美国10月CPI数据即将公布 #PNUT走高
PNUT is a currency publicly supported by Musk, and it is the second currency favored by Musk after DOGE. It is of great significance, and its positioning has even been raised to the height of saving the United States. It is not difficult to understand why it has attracted so much attention. From a technical perspective, the current price trend of PNUT shows a strong trend.
So far, there has been no obvious sign of a pullback or adjustment, and its price is still rising, and the momentum of the rise is still strong.
Therefore, in the short term, the price space above PNUT is considerable, and the price continues to rise.
As for the operation choice for PNUT, it depends entirely on the risk tolerance of the individual investor. If you have a higher risk appetite and are able to bear certain risks, you can boldly enter the market and buy, and then have the opportunity to gain benefits from its price increase.
However, if you are concerned about high risks and have a low risk tolerance, you should be cautious and choose an investment strategy that better suits you according to your own situation.
Q: Why do some people prefer to do breakthrough market?
Let's take a simple example. If the price of a certain product has been fluctuating between 90 and 100 yuan, and suddenly one day it rises to 105 yuan.
What does this mean? It means that the product could not be bought in the price range of 90 to 100 yuan before, and it could only be bought at a higher price, which also means that someone is willing to pay 105 yuan to buy this product. If the price becomes 85 yuan, the situation will be reversed. Some people are willing to sell it at a lower price, and no one is willing to pay a higher price to buy it.
After understanding these, you will understand why everyone likes to do breakthrough market.
Because a breakthrough means that someone is willing to buy it at a higher price. It is more cost-effective to enter the market at this time than to waste time in the oscillation range.
So how to distinguish between a true breakthrough and a false breakthrough? Don't guess blindly. If you enter the market as soon as a breakthrough occurs, the risk is quite high. But if it is a strong trend breakthrough, the profit and loss ratio is high, and you can make a lot of profit. At this time, waiting for confirmation after a pullback will reduce the risk, but there is also the risk of missing the opportunity to enter the market and not being able to get on the train. If it is just a false breakthrough, then stop loss and exit, and just wait and see. In fact, you can do whatever you want, it depends on how much risk you can bear. Just do a good job of stop loss and protect your principal. In trading, frequency, winning rate, and profit and loss ratio cannot all be in your favor at the same time. Just do it according to your own risk preference and trading system.
Has anyone noticed that every time a bull market comes, everyone is vying to show off their earnings and their unique vision😁😁
But in fact, what really determines whether you can make a profit from the market is when to sell. In this market, buying is relatively simple. After all, the overall market is rising. Just buying a coin may have a profit in the short term.
But the question is, when will it reach the top?
Many people become very greedy as soon as they make a profit, always thinking about making more, but the market suddenly changes direction, and the profit is gone all of a sudden, and even the principal is lost.
Most leeks lose money because of greed and hesitation. Watching the coin price rising all the time, I wondered in my heart "Will it rise a little more?" When the market started to fall, I was lucky enough to think that it would rebound, and as a result, I missed the best time to sell.
It is easiest to make money in a bull market, but it is also the easiest to lose money. If there is no clear profit-taking plan, no matter how high the profit is, it is only wealth on paper.
Many people think that a bull market is the best time to make money, but only those who have experienced it understand that it is actually a psychological battle.
Whether you can catch the rhythm of the market depends not on how perfect your buying timing is, but on whether you can decisively leave the market at the high point.
Look at today's gainers list, it's still dominated by meme coins,
BONK is leading the way, followed by FLOKI, NEIRO, DOGE, and PEPE.
To be honest, a few days ago, because NEIRO, DOGE, and these coins were rising steadily, many people were wondering why BONK wasn't rising much, so they sold BONK and switched to NEIRO and Dogecoin.
But who would have thought that today the situation has changed, and those who switched are now stuck, thinking about cutting losses and switching back to BONK. Isn't this just a classic case of chasing highs and cutting losses? Many people lose money in a bull market just like this.
You have to know, if you can't hold onto the coins in your hand, you definitely won't make any money.
Take yesterday for example, several friends wanted to swap BONK for DOGE.
Why? Just because BONK hasn't been rising much.
Fortunately, I stopped them, and today they all came to me saying they're glad they listened to me and didn't swap yesterday, otherwise, they would have lost big.
It must be acknowledged that in the entire spot market, the only continuous buying demand comes from the US session.
Basically, after the US market opens in the morning, there will be continuous buying of spot until 5 PM when the market closes. After that, it is the futures market's turn to start competing.
Yesterday, the bulls were too aggressive, raising the rate to over 0.07%, and as a result, liquidation was inevitable. To be honest, I feel that a pullback to 85000 only affects the futures market, while spot bulls seem to be unaffected.
It is important to note that in the past week, on every trading day, as long as the CB premium spikes, BTC can reach new highs. Early today, BTC also slightly broke through 90,000, but there was no follow-up breakout, which indicates that the buying power of US investors in the spot market may have weakened.
After all, FOMO sentiment generally lasts about a week; to stimulate it again, it relies either on time (through volatility) or on space (with a large bullish candle) to brew again.
After Solana (SOL) price surged to $225! Where will the next new high target?!
Recently, the price of Solana surged to $225, marking a hopeful milestone that attracted investors' attention. The current trading price is around $210, with a slight 3.79% pullback in the past day, indicating resistance near the recent highs. However, its 24-hour trading volume reached $12.4 billion, with strong trading activity and good liquidity, and investor confidence remains strong. The market capitalization of SOL is approximately $99.43 billion. The current question is whether this pullback is temporary or if it will rebound again and potentially reach new highs.
SOL's technical indicators suggest a sustained bullish trend in the future. The Ichimoku chart shows its price above the cloud, indicating sustained bullish pressure, while the MACD line intersects the signal line at 13.82, reflecting positive momentum.
The bullish trend remains unchanged, and the pullback is a buildup.
After the pullback to 85000 yesterday, it surged to the 90000 area at midnight. The decline and recovery are similar, and the pullback is brief. High-level corrections do not change the bullish trend; they are a buildup for the next surge.
Currently, the pattern of daily new highs has not been broken, and we should continue to be optimistic about this round of rebound, especially in the 90000 key area.
Point suggestion: Long BTC near 87500 in the short term, with a target of 90000 - 91500.
Several Methods of Play in the Cryptocurrency Circle
I. Coin Hoarding Method This method can be used in both bull and bear markets. Simply put, after buying a certain coin or a few coins, just hold them without action for six months or even a year. Generally, this can yield at least ten times the return. However, the difficulty lies in that new investors often want to sell quickly to take profits when they see high returns, or they want to switch to other coins if the price drops by half, or even give up. Many people can’t even stick to it for a month, let alone a year, so this method is actually quite difficult to implement. II. Bull Market Dip Buying Method (Used Only in Bull Markets)
DOGE and ETH are both super hot right now. Let's take a look at how the big players are positioning themselves, so that we can estimate what price they can rise to next. For DOGE, we should focus on the $0.43 level, where there are more than $8.3 million in large orders, which shows that the big players are very concerned about this price. If DOGE can break through this level, $0.5 will be the next target, but we have to see how many orders there are. If DOGE falls back, $0.394 and $0.288 will be important support levels. For ETH, the spot big players have placed $7.65 million in sell orders at $3,400. If the price can break through this level, then we have to look at $3,500. But please note that the big players plan to ship $13.22 million at $3,500, so there may be pressure at this price.
If ETH pulls back, $3188 and $2909 are support levels. Finally, the market is rising sharply now. If the top currencies in terms of market capitalization pull back in the short term, you can look at the 30-minute or 45-minute EMA24 and EMA52 moving averages to find opportunities to enter the market.
👇 If BTC can successfully break through $91,000, the short liquidation amount on mainstream cryptocurrency exchanges (CEX) could reach $1.126 billion.
But if it drops below $88,000, the long liquidation on CEX could also reach $444 million.
In this case, if investors want to go long, they may have to be patient and look for good entry opportunities below $88,000, then set $91,000 as the target, hoping for an exciting market with double explosions.
Since the beginning of this year, BTC has been fluctuating at a price level for almost half a year.
Trump's election has driven the market to start, which means the bull market has entered its mid-stage.
According to past patterns, similar market conditions generally last around 3 months to about 100 days. Unless there are particularly unexpected new situations, this time is likely to follow that timeline.
It is expected that by the end of January to early February 2025, this round of market may be coming to an end. However, don't fixate too rigidly on specific time points. The theoretical cycle of a major bull market for BTC is expected to end around November 2025, which coincides with the Federal Reserve's interest rate cut cycle, possibly bringing more funds into the market.
Therefore, by the end of next year, there is a high probability that there will be another wave in the market.
This wave may break through the early 2025 highs and initiate a stronger bull market; or it may just reach a price similar to the beginning of the year, forming a "double top" scenario. Whether or not new highs can be achieved will largely depend on how attractive the stories the market can tell next year are and how much capital can be attracted into the market.
Regardless of how the market actually moves, there are opportunities every year, and black swan events occur every year as well. It's best to take profits when you're close; keep your perspective long-term. Trying to make all the money at once has a very low probability.