Hey guys, are you awake? It's time for our daily review of the crypto market, let's have a cup of tea to steady our nerves!
Today, the fear and greed index has dropped to 8, indicating extreme fear. Market sentiment is low, so stay calm!
Major cryptocurrencies are taking hits, Bitcoin $BTC has dropped by 1.03%, Ethereum $ETH and Ripple $XRP have also declined, even our familiar Binance Coin $BNB has fallen by half a point. Overall atmosphere is quite gloomy.
However, we need to keep an eye on those explosive hot coins! $BANANAS31 surged 47.6% today, with a trading volume of 35M. This wave of popularity is quite unusual, obviously someone is pushing from behind. Don't just focus on the major coins, these smaller coins have potential for growth, and with proper operations, can double.
Following closely, $GUN also jumped 28.5%, with a trading volume of 7M, contrasting sharply with $STO's decline (-20.4%, trading volume 6M), indicating that funds are rotating. Don't put all your eggs in one basket; follow the flow of funds.
On the trending topics front, $SIREN is still being supported, which suggests it might have hidden news or technical advantages. Don't overlook it, there may be opportunities ahead.
Today's news in the circle is a bit troublesome. First, a major exchange announced it will strengthen compliance risk control, leading to accelerated short-term fund outflows and making market sentiment even more pessimistic. Don’t let fear from being harvested by others overwhelm you.
Second, there are rumors that large institutions have started paying attention to the underlying protocol upgrades of $USR and $RIVER. If confirmed, these two could explode tomorrow, friends should take note.
Here's the operation strategy:
Don’t rush to buy major coins; observe primarily and make small probing purchases when prices dip, steady and cautious.
For hot coins, consider trading $BANANAS31 and $GUN. Those with smaller capital can take lighter positions but avoid chasing highs, as chasing can lead to losses.
For the steeply dropping $CHESS and $STO, short-term low buys can be suitable for harvesting, but don’t go all in; you bear the risk.
In summary, in this market, funds should be cautious, don’t act blindly, and understand the market rhythm before increasing positions.
There will be new messages tomorrow for us to follow up on, so don’t panic, we can win if we stay steady!
Today, the fear and greed index has dropped to 8, indicating extreme fear. Market sentiment is low, so stay calm!
Major cryptocurrencies are taking hits, Bitcoin $BTC has dropped by 1.03%, Ethereum $ETH and Ripple $XRP have also declined, even our familiar Binance Coin $BNB has fallen by half a point. Overall atmosphere is quite gloomy.
However, we need to keep an eye on those explosive hot coins! $BANANAS31 surged 47.6% today, with a trading volume of 35M. This wave of popularity is quite unusual, obviously someone is pushing from behind. Don't just focus on the major coins, these smaller coins have potential for growth, and with proper operations, can double.
Following closely, $GUN also jumped 28.5%, with a trading volume of 7M, contrasting sharply with $STO's decline (-20.4%, trading volume 6M), indicating that funds are rotating. Don't put all your eggs in one basket; follow the flow of funds.
On the trending topics front, $SIREN is still being supported, which suggests it might have hidden news or technical advantages. Don't overlook it, there may be opportunities ahead.
Today's news in the circle is a bit troublesome. First, a major exchange announced it will strengthen compliance risk control, leading to accelerated short-term fund outflows and making market sentiment even more pessimistic. Don’t let fear from being harvested by others overwhelm you.
Second, there are rumors that large institutions have started paying attention to the underlying protocol upgrades of $USR and $RIVER. If confirmed, these two could explode tomorrow, friends should take note.
Here's the operation strategy:
Don’t rush to buy major coins; observe primarily and make small probing purchases when prices dip, steady and cautious.
For hot coins, consider trading $BANANAS31 and $GUN. Those with smaller capital can take lighter positions but avoid chasing highs, as chasing can lead to losses.
For the steeply dropping $CHESS and $STO, short-term low buys can be suitable for harvesting, but don’t go all in; you bear the risk.
In summary, in this market, funds should be cautious, don’t act blindly, and understand the market rhythm before increasing positions.
There will be new messages tomorrow for us to follow up on, so don’t panic, we can win if we stay steady!