Yesterday, BTC fell slightly, but the trend is still strong. It fell back to around 27200 and quickly recovered. There was bad news for ETH. The Ethereum Foundation sold ETH. Affected by this, ETH fell more than BTC. The overall trend was weaker, and the leading copycat sectors followed. The mainstream has partially fallen. Pay attention to the breakthrough of key mainstream levels and wait for opportunities to build positions.
Today's intraday market, BTC's lower support is in the range of 27000-27200, and the upper resistance is 27800-28000. ETH1550-1630. ETH needs technical repair after oversold. There is a possibility of rebound today. The altcoin sector follows the mainstream consolidation. Pay attention to small-cap currencies in the short term, and wait patiently for the opportunity to build a position in the long term.
Bitcoin price trend during the halving cycle
With approximately 198 days left until the fourth Bitcoin halving event, speculation on both micro and macro price action is intensifying. Bitcoin’s current price action is compared to its behavior during the past two halving cycles.
For example, before the first two halving events, the price of Bitcoin was around 65% and 60% of its all-time highs (ATHs) in 2016 and 2019, respectively. Exchange V: 1521221721 The price of Bitcoin is currently around 60% of its ATH, which is around $69,000.
Given these striking similarities to Bitcoin’s halving cycle, the impending breakout is expected to occur around November 21st after several quarters of sideways consolidation.
In conclusion, Bitcoin remains resilient at the $27,300 support level, with the crypto community eagerly awaiting a potential breakout in October. Despite geopolitical uncertainty, Bitcoin’s dominance in the market continues to grow. Analysis suggests that Bitcoin’s price action mirrors previous halving cycles, suggesting that Bitcoin could breakout around November 21, 2023.
What are the Israeli crypto projects during the Israeli-Palestinian conflict?
1.Bancor Network (BNT) Bancor Network is a decentralized trading platform that aims to provide liquidity and price discovery services. The project was founded in Israel in 2017.
2. Colu Local Network (CLN): Colu Local Network is an Israel-based blockchain project that aims to provide digital currency solutions for the local economy.
3. Stox (STX): Stox is an Israel-based prediction market platform that aims to provide users with a variety of prediction markets and trading opportunities.
4.Orbs (ORBS) Orbs is an Israel-based public blockchain platform that aims to provide highly scalable blockchain solutions for enterprises.
5.KZen Networks (KZN)KZen Networks is an Israel-based blockchain security and privacy solution provider that aims to provide users with secure digital asset management services.
Focus on Israeli projects, $SCRT $COTI $EDU $SSV $BNT $ORBS
100xCoin Binance IEO Project
Compared to searching for a needle in a haystack among thousands of projects, or choosing to bet on a dozen tracks, the Binance launchpad project can be said to be the cradle of 100x coins - there are fewer targets and a high hit rate.
Based on this idea, we screened out projects that had soared in the last bull market, and only counted projects from 21 to 23 years, screened coins that were close to IEO prices and operated normally in the bear market, and removed Binance's fan coin section and two dangerous projects, $BETA $LINA, which were recently included in Binance's watch list.
It can be seen that $TKO#C98$VOXEL $LOKA meet the conditions and can be included in the bottom-picking and fixed investment options.
$TKO: Indonesian exchange platform currency. Binance holds nearly 100% of the shares of Tokocrypto exchange.
#C98: A one-stop DeFi platform that includes exchanges, wallets and cross-chain bridges. In August, it announced a seven-figure investment from DWF Labs.
$LOKA: A multiplayer online strategy game, backed by many well-known VCs, with many gamers. DC has about 2,000 people online every day.
$VOXEL : A free 3D turn-based game. Every time Loka rises, Voxel will follow suit. They are considered sister coins. DC has more than 1,000 people online every day. It has now fallen below the IEO price. The team is operating normally and updating the game.
The benefits of picking up Binance IEO projects, in addition to the potential high rate of return, the most important thing is the safety margin, low risk of zeroing, liquidity, and the probability of rising is much greater than the probability of falling.
In a complete bull market, the pattern of capital rotation in the sector is usually BTC——ETH and public chain/L2——current hot sectors——Web 3 infrastructure——GameFi/Metaverse——NFT——MEME coin/Animal coin——end of bull market
Looking back at the last round of thousand-fold coins, such as $matic and $axs, they were trading sideways at the bottom for a year or two before the outbreak, and even Bitcoin did not rise when it broke through its historical high. This tests the patience and vision of the coin holders, so it is particularly important to invest with spare money.
If you like it, please follow and like it~ Come to the homepage to ambush and layout together!