Is Bitcoin about to peak? Which potential coins with narrative potential should we pay attention to recently?

Super cattle小牛哥btc · 2023-07-09T10:14:25.000Z

It has been more than half a month since the pie broke through 3w. In the process, it has challenged several new highs. Although it has broken through, it has not stood firm. Many friends are anxious. 3w has been marked so many times. Does it mean that it will fall back? Has the pie finished rising this time? My personal opinion is no. The support here at 3w can be seen to be quite strong these days. After all, it was built with real money and silver. I think the possibility of spending so much effort just to stop at 3w is very small. And we can see that the few times when it challenged new highs, it was still relatively strong, but the next position is 3.4w-3.5w. It is estimated that this process should be faster, so it may be necessary to accumulate a little more strength, probably to touch 3.4 We won’t have to wait too long for the day of w-3.5w.

It has been more than half a month since Bitcoin broke through 3w, and it challenged new highs several times in the process. Although it broke through, it did not stabilize. Many friends are anxious. Does it mean that it will fall back after so many times of delaying at 3w? Is this wave of Bitcoin's rise over?
My personal opinion is no. The support at 3w has been quite strong in the past few days. After all, it was pulled up with real money. I think it is unlikely that it will go through so much effort just to stop at 3w. And we can see that the times when it challenged the new high were still quite strong, but the next position is 3.4w-3.5w. It is estimated that this process should be relatively fast, so it may take a little more effort. It will not take too long to touch 3.4w-3.5w.
The lack of improvement in the altcoins can also be used as a signal that the big pie has not reached the top. Once the big pie reaches the top, the mainstream altcoins will definitely take turns to pull up the market to end this wave of bull market, so don't be too anxious. I have always emphasized the importance of position management since I started writing articles. For example, buy a little every time it falls, and buy a little every time it falls a certain number of points. But in fact, there is another kind of situation when the market is boring, and it has been sideways for several months. At this time, you can also make some moves, such as recently, which can actually be regarded as such a situation.
In fact, I personally think that the general trend of Bitcoin has always been linked to the US stock market. Of course, it does not seem to be as strong as the US stock market so far this year, but there is no need to worry about it. The time has not come yet. The market of Bitcoin is still strongly related to economic policies. If the interest rate is cut at the end of this year or at the beginning of next year, Bitcoin is very likely to challenge the historical high. Of course, this possibility is relatively small at present, because the Federal Reserve has been balancing interest rate hikes and inflation. It is expected that the interest rate cut will not come so quickly, but it will come sooner or later. What to do before that? Isn’t it just to collect chips and make waves, and harvest a good harvest in the bull market?
Next, let's talk about individual coins. Let's first talk about the recent pullback. There are many coins with this pattern like flow recently. The current adjustment has reached the middle track of the daily Bollinger band. From a technical point of view, combined with the volume, this position can definitely be slowly arranged for a rebound. Let's take a look at the specific position. The flow support is near 0.58. At present, the price is bought in batches. A conservative sprint to 0.7 is not a problem. This pattern is mainly short-term, and it is only a matter of time to reach a new high as long as you have enough patience. The same pattern is zen, omg, etc.
In addition to the pull-up and retracement, this wave also includes steady bottom adjustments, such as near, luna, kava, magic, etc., which still have not exerted their strength in the previous stage. Currencies like these are just missing a starting time point. As for the price, I personally think that you can just take the spot, be careful of pin-spiking in contracts, or there is no problem in layout of small positions.
Finally, we can focus on a wave of web3 sector currencies. Whether it is ocean or pond, the performance is quite impressive. Mask also shows signs of starting up in the past two days. In addition, celr, grt, lpt, and band are all in this sector, so you can pay special attention to them.
Recently followed stories
1: SD will launch ETHx on the 10th. ETHx meets the staking market's demand for low thresholds and decentralization. Currently, $SD has risen and fallen back. We need to pay attention to the performance of ETHx after it goes online. More adoption means more demand for SD.
2; BONE may be announced at the Blockchain Futurist Conference held in Toronto in August this year. Shib is one of the main sponsors of this conference.
3: Cancun Upgrade The Ethereum Foundation DevOps team plans to launch Devnet 7 as early as June 30 or July 3. Devnet 7 is a dedicated short-term test network for EIP-4844. However, the specific time of the Cancun upgrade has not yet been officially announced. $ARB $OP
4: MKR buyback, there will be another vote later, and the short-term hype cycle is about to end. I have no doubt that $MKR will continue to rise, but due to the extinguishing of the RWA narrative hype, it is now a bit weak.
5: YFI is about to launch the previously announced $yETH. The product itself has little to do with $YFI, but if $yETH is popular enough in the market, then $YFI will definitely have a chance to rise.
6:BASE’s mainnet is coming soon.
First, it is a push for the landing of OP Stack narrative. After the mainnet, part of Base’s basic income will go into the OP Treasury.
Second, a number of excellent protocols will emerge on BaseChain, and we can choose to invest by tracking the data. #BTC #BinanceTournament 