$SUI Although Big Brother has made remarks about a new round of market trends, the overall market only sees a slight price increase, with no significant volume increase. Even the stronger projects claiming to be the 'market offensive' like Sol and Sui show no signs of recovery. Therefore, what I mentioned a few days ago about it possibly being a brief flicker of light seems to have come true.
Additionally, in the cryptocurrency space, investment should not be based on blind luck or wishful thinking; we need to follow the trend. By 'trend,' I mean a significant support level, an important price point, an atmosphere that restores people's confidence, or even a set of indicators that everyone finds easy to use. For example, with SUI, every time it breaks above the upper Bollinger Band on the 4-hour chart, it presents a good entry opportunity. Currently, I am also waiting for this pattern; let's be a bit more patient.
$BTC This afternoon around five o'clock, I said that Bitcoin would continue to fall, and that after the U.S. stock market opened tonight, it would continue to decline, leading to a collapse in the cryptocurrency market, causing Bitcoin to drop below $80,000. As a result, it hasn't even reached the U.S. stock market opening time yet, and it has already begun.
So, the situation will only get worse: it will be even lower after the U.S. stock market opens. There is a high probability it will touch around $78,000, and there's no need to worry about around $75,000, which has a relatively strong support level.
In November, there is a high probability it can rebound back to around $87,000, and then continue to turn downward; we will wait and see.
By the way: this coin is not from the Shenzhen gang, it's from the Shanghai gang, Hu Ye, you understand.
山寨都是20u
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A common phenomenon in the bear market of $FLUX is that PoW coins can easily rise, but the market does not recognize these low-weight coins. Recently, the only PoW coin with good momentum is ZEC, not this obscure FLUX. Therefore, it can be seen that the top of today's rise list, which dominated the screen all day, has not seen many strong smart money players buying in. So, it continues to fall.
A common phenomenon in the bear market of $FLUX is that PoW coins can easily rise, but the market does not recognize these low-weight coins. Recently, the only PoW coin with good momentum is ZEC, not this obscure FLUX. Therefore, it can be seen that the top of today's rise list, which dominated the screen all day, has not seen many strong smart money players buying in. So, it continues to fall.
$FLUX Although it ranks first on the increase list, it seems the market is not buying in, with a total transaction amount of less than 60 million USD. Therefore, it can only be pushed down.