The current market is in a wide range of fluctuations, which has been fluctuating for nearly four months. Believe it or not, this wide range of fluctuations will most likely continue before there is more certain information. The bull market in 2020 started at a hellish level. Yiqing fell from 10,000 to 3,000. I almost went crazy at the time, and then the market started to go bullish in despair.
2024 is the beginning of the PUA torture flow of Te Miao. From the peak on March 13 to July, it has been consolidating for 4 months. I am almost tortured crazy again. It is probably because the currency circle has risen too much in the past few months. It broke through the previous high before the halving. So after the hot summer, there must be a cold winter, and after the cold winter, there will be a warm spring! Will this bull market also be born in despair?
Market analysis:
BTC is pulling back to the 120-day bull-bear line. Every time BTC reaches the 120-day line, it will become the dividing point between bull and bear markets. For example, the mainstream doubling market in April 2019, the ten-fold spot market in 2020, the 90% spot plunge in 2022, and the inscription market in early 2023, the market is brewing a historic market. The currency circle will have a chance to go all-in!
1- From the time point of view, BTC has two waves of rise in the weekly chart. The first wave rose by 140 days and then fell back by 154 days. The second wave rose by 182 days. The fallback is expected to last between 154 and 200 days, which means the adjustment will end in August and September. In addition, October has almost always risen in history, and it is often the starting point of a big rise.
2- From the perspective of space, the first adjustment fell to 0.618, which is around 25,000. The second adjustment may also fall to 0.618, which is around 55,300. This position just fell below the previous low of 56,500, and the bottom was reached after all the bulls were blown up.
3- BTC within 60,000 is already very cost-effective, and fixed investment is also a good option.
For the remaining time, when should we choose to get on the bus?
The answer is to wait patiently. (The market changes rapidly, and no one can predict when the trend will come back, but we can summon the right time to get on the train from the historical K-line patterns. News can deceive people, but K-line patterns will not deceive people).
Many people would say, "Well, if I buy at the bottom with 30,000, wouldn't that be a stable happiness?" In fact, in the cryptocurrency circle, buying at the bottom and hoping to be trapped is nothing more than self-consolation. The time cost and the cost of being trapped are also crucial. Because everyone likes to buy big cakes, when big cakes are bottoming out, copycats will follow the new lows of big cakes and repeatedly hit new lows. Because most people hold copycats, it is easy for them to be washed out at this stage. Therefore, it is recommended that you wait patiently and wait for big cakes to completely turn around and then intervene. At this time, you will be relatively more comfortable.
Many people will get entangled in the time nodes, but it is not true. September or October is just a metaphor for last year. The key point is that when the Big Pancake Auntie shows such a pattern, we dare to get on the bus and hold it. Many people died before dawn, so brothers should not focus on the time nodes, but on whether you can get on the bus when the trend occurs. Just like last year, there was no difference between the Auntie at 1580 and the Auntie at 1650. The difference lies in whether you got on the bus and held it at that time.
Recommend these tokens with unlimited potential:
- Aptos（￥APT )
Current price: $6,870
Market value: $3.115 billion
24-hour trading volume: $87,669,700
ARB coin, full name Arbitrum, is a side chain technology on Ethereum, designed to improve the scalability and performance of Ethereum. By introducing a second-layer solution, ARB Coin effectively alleviates the congestion problem of the Ethereum network while improving transaction speed and throughput. It uses Rollup technology to package a large number of transactions and synchronize them with the Ethereum network, thereby significantly improving transaction efficiency.
As a sidechain technology on Ethereum, ARB coin provides investors with potential investment opportunities by improving the scalability and performance of Ethereum. The success of ARB coin is closely related to the team and partners behind it. If the team of ARB coin has rich blockchain technology experience and strategic partners, then its investment value will be enhanced. It is becoming increasingly popular in the DeFi field and is a promising choice for investors.
- MANTRA (￥OM)
Current price: $0.82
Market value: $688 million
24-hour trading volume: $15,319,800
As a Layer-1 blockchain that can implement real-world regulatory requirements, Mantra has received widespread attention from the crypto industry since this year for its unique features and functions. It is mainly aimed at institutions and developers, providing them with a secure, transparent and efficient blockchain platform. In addition, Mantra's native token OM has also attracted much attention. As a blockchain native token, OM not only has investment value, but also provides holders with a series of rights and benefits. As more and more people recognize the potential of Mantra and OM, their market demand continues to grow.
OM has shown a strong upward trend since 12:00 noon on the 30th. At present, the key is to break through the 0.82160 position and wait for the yellow signal point to appear at 12:00 noon today as a confirmation signal for long orders. Once the breakthrough is confirmed, the upward target can be set at around 0.84187. The realized profit has reached 16.88%.
