Will the market continue to rise or fall back after encountering obstacles? With countermeasures in hand, you can deal with it calmly!
Yesterday, Bitcoin hit a high of $68,400, and then fell back to the support level of $67,000; Ethereum reached a high of $2,647 yesterday, and then pulled back to the support level of $2,590.
The current market fluctuations are mainly concentrated before and after the opening of the U.S. stock market. The market is relatively calm during the day, and the night is the key battlefield!
Currently, the BTC long-short position ratio is at a low level, suggesting that there may be a need for a correction in the short term!
Judging from the liquidation data, the long and short sides are evenly matched, and both upper and lower liquidations are possible. Continued upward attack may have to wait until tomorrow, and the market may continue to fluctuate and adjust today!
The key support below is around $66,000. As long as BTC stays above $64,500, the bullish pattern will remain intact.
As the $70,000 mark gets closer, the pressure on BTC increases, and the pressure to sell becomes more obvious. The current market has not seen sustained positive news, so it may be a wiser choice to wait and see!
It can be seen that the bottom price of BTC continues to rise. We must remain rational at all times. Analysis and operation are two levels. Only by steadily controlling positions can we make accurate arrangements during pullbacks.
In this round of bull market, Meme coin has entered a super cycle, full of opportunities and gold everywhere!
For the operation of the Meme section, it is recommended to judge as follows:
The growth of Bome and Meme has been considerable, so they are suitable for shipment in batches.
Turbo, Mew, Babadoge, Neiro and other coins rise every few days and are now at a relatively high level, so it is advisable to reduce positions appropriately.
Bonk and Dogs have not risen much, and the original plan was to wait for a correction before entering the market, but now that we are in a bull market, it is recommended to prioritize entry into the market.
As for leading currencies such as Pepe, Floki, and Doge, their trends are stable and you can reap the benefits by continuing to hold them.
Will you be fully invested in spot by the end of October? How should you position your altcoins? Is there still a chance for the inscription track? After reading this article, you will have a clear idea!
1. Do we really need to fully invest in spot goods by the end of October?
Currently, BTC fluctuates between 66K and 68K, sucking the blood of altcoins, and the market share has risen to 59.5%, which is a healthy trend. If you start to invest now, you can fully invest in spot by October 31; if the US stock market pulls back with BTC, this may be the "golden pit" for you to invest at a low price! Waiting for the main rising wave in November and December, fully investing may be the best strategy.
2. How to layout altcoins?
The experience of several rounds of bull and bear markets tells us that reasonable allocation is very important. It is recommended that BTC account for 50%, ETH, SOL, and BNB account for 30%, and other popular track altcoins account for 20%. Popular tracks include top Meme coins, AI tracks, and BRC20, all of which can be deployed. For altcoins that are not listed on Binance, it is better to buy less.
3. Is there still a chance in the Inscription track?
Since 2022, there have been few major innovations in the crypto-sphere, and BRC20 inscriptions are one of the few innovative new generations. After more than half a year of bottom shocks, they have room for speculation. Another five-wave rise is expected, especially the three inscriptions: ORDI, SATS, and RATS. These tokens are still worth paying attention to.
4. The main line of lying flat: BTC chasing ETH, switching positions to NEIRO
Why do this? If you are tired of volatility and short-term trading, then this may be the best strategy. Frequently staring at the hourly K, 15-minute K or even minute K to make orders is a waste of energy.
You know, when a big market comes, the most important thing is to hold on! A few days ago, the negative line within 1 hour reversed to the positive line. Did it make you scared?
The key to trading lies in the cultivation of mentality, emotions and habits. Only when your mentality matches the market can you make money. Otherwise, you will only lose money.
Opportunities always come to those who are prepared - "prepared" means that when the "big breakthrough" comes, you already have a position in hand.
