After Bitcoin hit $64,000, the bulls and bears both lost and the market fluctuated violently near $1,700
The Fed's dovish pricing of a 50 basis point rate cut continues to be digested. This week, the U.S. PCE and speeches by several Fed officials are expected to become a new round of catalysts.
After Bitcoin broke through $64,000 again this morning (23), it quickly dropped to $62,500, and then quickly rose again, which can be described as a double kill of longs and shorts. The short volume is decreasing, while the long volume is increasing, and the longs are very strong! At the time of writing, Bitcoin has returned to $63,782, challenging the $64,000 mark.
As time goes by, the EMA indicator of Bitcoin in four hours has been repaired and has caught up with the pace of the K-line! The K-line is sideways and connected with EMA20! The expected decline did not occur! From this point of view, there is a high probability of a wave of pull-ups in the near future! The power is full!
The monthly line will come to an end at the end of September, and the real main rising wave will start in October, when the autumn market will arrive. Looking back at the unilateral upward trend in February in the spring, Bitcoin was the first to rise, and then Ethereum followed suit and the Shanzhai took over.
Review: Every year after the Bitcoin halving, a crazy bull market will be triggered:
The halving occurred in 2012, and a huge bull market began in 2013.
The halving occurred in 2016, and the market entered a frenzy again in 2017
The 2020 halving will kick off another round of bull market in 2021
The price will be halved in 2024, and the same historical script may be repeated in 2025, ushering in a bull market feast that cannot be ignored.
Get ready for a new round of market carnival!
So who is secretly pulling up the market now?
It is now basically confirmed that there will be no innovation in 2024, and the crypto industry will only have two lines: large institutions are developing ETFs; small retail investors are speculating on meme coins. The entire altcoin market is about to sound the gong and drum to start the hunt. Take the hot meme as an example to analyze the current situation and how to break through:
1. The current status of the overall meme is: A small gadget with a maximum market value of 2m must have a bunch of uppercase and lowercase chains to roll up, and they are all ready to be insiders waiting for a rise and then immediately dump the market, without even a push or group. CX and small group pvp, no one cares whether these broken coins have a future, they just want to pull people in to sell. This is problematic, it is all a negative-sum game, and meme needs to enter a new way of playing to break out.
2. What is the new way to play meme? I think it is best to gather as many people from different countries as possible around a good target and continue to join in - each holder ensures that he joins as early as possible and has a diamond hand. The requirement here is that the target is special, cannot be falsified in the short term, and has long-term popularity. It is best that the target is sensitive to people in the currency circle. The new way to play is no longer a mechanism innovation like pumpfun, but a collection of people!
Just look at the meme of Ethereum Chain. As a diamond player, the long-term return must be rich. If you have a good IP, you must drill to the bottom. Of course, it is best to drill for profit, because after all, the volatility is large. Ethereum Chain is more suitable for diamond players, and the Golden Dog must give countless opportunities to get on the bus. Only pvp, without narrative imposed narrative, will have a wave of flow.
The strong will become stronger and do not need to complain: I think the truly strong will not complain about the environment, only the weak will look for external reasons. This is especially true in the crypto industry. In this field, there is no "mother" to help you, and you can only blame yourself if you fail. The market follows the law of the jungle, the fittest survive, and the unfit should be eliminated. Internal factors determine success or failure, and whether you can cope with external challenges in the end depends on your own strength and mentality. Only when you are strong inside can you turn bad things into good things.
