CPI exceeded expectations and the price of Bitcoin fell below 59,000
It is higher than expected but lower than the previous value, and still within the control range. However, CPI will continue to rebound higher than the current level next month. The United States is playing Tai Chi with the global market (especially after seeing China's massive money printing) by first symbolically cutting interest rates by 50 basis points and then stopping the rate cuts.
The minutes of last night's meeting and the September interest rate meeting gradually showed that there was a disagreement within the Federal Reserve on the interest rate cut.
At the beginning of the month, the non-farm payrolls had already reduced the probability of a 50 basis point rate cut in November to zero, and after the minutes of last night's meeting, the probability of a 25% rate cut dropped again. If this is true, the rate cuts may stop in November. Then a rebound in inflation data may be a natural thing.
There is currently no favorable support for Bitcoin and it may continue to fluctuate downward. Falling out of the last low point before the New Year is a very good and not to be missed opportunity to buy at the bottom again. Wait and witness the miracle moment!
Today's market analysis, from the K-line, BTC is in an upward trend at the one-hour level, and is about to enter an upward trend at the 4-hour level. The 12-hour and daily levels are still in a downward trend (it looks like it will close with a K-line with a long lower shadow, which is expected to stop the decline and rebound). The intraday pressure level is 62,300 and the support level is 58,800 US dollars.
Another point: Short-term traders should mainly trade at high prices and supplement with low prices. Avoid heavy positions in long positions and close them while connecting. ETH and SOL are more resilient, and the depth of their retracement last night was smaller than that of BTC. Therefore, you can only trade at low prices for these two coins, or use a small amount of high-altitude hedging to add icing on the cake.
The secondary market is currently fan coins, PSG, BAR, ATM, which will only pull up the market after more than 90% of people have been exhausted. Each sector will pull up, but it will also exhaust all other people. The primary market is still heavily pvp. Musk changed the image today. Some robot projects have fallen to zero, while others have been rising. Now ETH, bnb, sol, sui and other chains are all playing. There is a stage of a hundred schools of thought at the beginning of a new market.
The meme section takes priority, the real explosion is a matter of a moment
At present, the funds/traffic/attention of the entire market are all flowing in both directions with Meme tokens. The CTO concept is very popular, Hippo (Moodeng), Mars City (TERMINUS), Musk's (Robotaxi), and today Musk has pinned his name and changed his avatar. It seems that another big golden dog is coming, robot... There are too many Meme tokens, which can be said to be dazzling.
The coins that Xianxian is most concerned about at the moment are Doge and Neiro on November 5th. I see that a lot of smart money is buying them.
Because Musk, the soul of Dogecoin, is now desperate to support Trump. Not only has he changed his profile picture and signature, but he has also been posting online and participating in Trump's speeches offline. At the same time, Trump also mentioned that after winning the election, he is expected to create a new government department, the Department of Government Efficiency, and the abbreviation of this department is Doge.
Therefore, as long as Trump wins on November 5, Doge and his successor Neiro will soar to the sky, and it will not be difficult to increase three times in a week.
According to the on-chain data, whales bought 2 billion Doge last week alone, creating the largest net inflow of funds since January this year. Neiro has also risen well recently, breaking through the previous historical high against the trend and starting to surge upward.
Compared with Doge's market value of tens of billions, Neiro's market value is only 700 million, so its potential is greater. However, it has risen too much recently, and you must wait for a deeper correction, such as a little above 0.0015, otherwise you may chase the top of the mountain, so it is better to add some Pepe or WIF.
However, the prerequisite for the explosion of coins such as Doge or Neiro is that Trump wins the election.
Besides that, how can you make money by playing memes?
First: Buy the exchange’s confirmed pull meme
For newcomers who have not been on the chain for many years, it is best to buy some exchanges’ confirmed pull-up memes. As long as the market is good, they will definitely pull up the market, and most of them can outperform Bitcoin and Ethereum. But don’t even think about a hundred times increase, because the market value is basically the same as that of Binance, with a market value of 100 to 1 billion. Or you can go to BG to buy some memes from communities that are not listed on Binance.
Second, don't go to pvp
Don’t play PVP when you come to Chainlink, you are all liquidity. Meme has various internal markets, such as Sol’s pump, but there are very few gold dogs that come out. But those who come out are awesome. Their cost is much lower than yours, and there are many hot spots every day. Whoever posts a message will have a lot of hype. And the volatility is large, it may drop by 80% when you buy it, and it will rise 10 times the next day when you sell it. But there are very few, and there is basically no one like Zoo that has returned to zero and revived. They are all special forces here.
Third, play with projects that have strong community consensus, low market capitalization, and are in the early stages.
You can't invest too much. You should try to make a small investment and grow with the community. You should think that you are a retail investor. If you buy too many chips and hold them tightly, how can you pull the market up? Buy some money you can afford to lose, participate in community building, become a diamond hand, and witness the birth of miracles. If you succeed, you will get a hundred times the profit. If you fail, you can afford to lose. This is the meme.
If you have a large position in the exchange, you don't have to listen to the short-term experts' nonsense when the bull market is good. You can only hold it if the pressure level today will fall tomorrow. You don't have time to watch the market. Recently, the chain is really making money. New coins, but they run fast. It's comfortable for special forces. Those who lose money are some newcomers or those who didn't play before and come to join in the fun and give money.
Now the United States, China, Europe and other major economies except Japan are slowly moving towards quantitative easing, which will result in more and more money in the market. In addition, the approval of Bitcoin ETF has opened the door for institutions, so a bull market has been brewing subtly.
What you need to do now is to hold on to your coins and make friends with time. You will naturally gain 3 to 10 times by next year!
As for the short-term explosive point, it will be when Trump takes office in early November. The cryptocurrency circle really needs this stimulus. At that time, Bitcoin may directly break through its previous high, surge 20% on the same day, and then fluctuate upward, reaching 100,000 US dollars by the end of the year.
So now my major positions are still mainly hoarding coins, leaving a 20% position for short-term trading, and allocating some People, BNB, Pepe, etc., because the price we bought at the bottom was low, so there is still a lot of floating profit.
In the next few weeks, there will be FTX's 16 billion repayment, the general election in early November, and the second interest rate cut, which will be a huge stimulus, especially if Trump takes office.
So please be more patient, it will only take a few weeks to succeed!
