The meme craze is coming, XRP is strong again, Ethereum rises above 2700, can altcoins keep up?
February 14th, Feige's words on currency Preface: 1. Pandl states that the Federal Reserve is unlikely to cut interest rates in the short term, and if inflation continues to exceed expectations, the Federal Reserve may even reconsider raising rates, which will have a greater impact on market sentiment; 2. The US SEC has confirmed acceptance of the DOGE ETF application; 3. Trump signs an order for reciprocal tariffs; 4. CZ reiterates that it will not issue MEME coins, and whether to issue will be decided by the community; Technical analysis: BTC: The overall trend remains bearish, and the market is expected to show a slight rebound in the short term. On the daily chart, it surged high and then retraced, dipping to 95.3K points to enter a consolidation phase, rebounding slightly in the morning, with a daily close forming a bearish candle with a lower shadow, and the market re-entering a consolidation area, with a key support line at 95K points. On the 4-hour chart, it stopped falling around 95.6K last night and started to rebound, a significant bullish candle formed at 4 o'clock, and the Asian trading session is still expected to continue rebounding. In daily operations, focus on the pressure around 98000-99000 points above and the support around 96000-95000 points below.
NEIRO: Dog Sister, Animal Meme Series On the daily chart, after six days of reduced volume adjustment, it strengthened in the early morning today with a maximum increase of over 20%. From the recent trend, the lower chips are mainly concentrated around 0.00032, while the selling pressure starts at the 0.00048 position. In terms of investment cost-performance ratio, the lower nephew space is small, while the upper direct space is large, making it a very promising trading opportunity! #BNBChainMeme热潮 #加密市场反弹
How to rationally respond to trading in the current market environment? Currently, altcoins have dropped back to near their lowest point in nearly a year, or more accurately, around the lowest point of this bull market, with some even hitting new historical lows! Meanwhile, Bitcoin remains at historical high levels. Many people say that altcoins have reached a point where they can't drop any further! In the crypto market, no altcoin has a bottom; no matter how bright a star it is, once it experiences a flash crash, the ultimate result is a continuous creation of new lows, with no bottom in sight! Facing the current market environment, Bitcoin is still near its historical high; whether it will continue to innovate or experience a significant drop into a bull market, no one can provide an accurate answer! What we can do is respond rationally! During the decline, there will always be a rebound phase, but whether this rebound is a reversal or just a fleeting moment cannot be clearly defined. Just like the current situation, altcoins have already gone through a week of bottoming out, basically clarifying the recent bottom position. Taking this bottom position as a risk management defense line makes our risk coefficient very clear, and the upper selling pressure points are also quite evident. In this market situation, there is no need to overly analyze whether it’s a market reversal or a rebound; we can directly enter the market with substantial positions, managing risk effectively, with losses generally kept within 10%! For example: Everyone can take a look at my specific strategy in the image below! #BNBChainMeme热潮 #币安Alpha上新 #加密市场反弹
The massive selling pressure above 99,500 points for Bitcoin and above 3,050 for Ethereum has formed a relatively bottom support level at around 95,800 points for Bitcoin after nearly ten days of fluctuations, and at around 2,600 points for Ethereum. The market has just started to show some signs of improvement and recover a bit of profit, and now it's starting to plummet? I am clearly bearish on the overall trend, but the recent market still awaits a rebound first. Most altcoins are bottoming out, and if there is no rebound in a few days and new lows are created, no one will be interested anymore! [Picking Nose]
Currently, what is most worth paying attention to is still Bitcoin, the rebound space is limited, the downside space is very large, and the selling pressure is indeed massive! #BNBChainMeme热潮 #山寨季何时到来?
Feige's words on February 13 Preface: 1. SEC Commissioner Hester Peirce: Meme coins may not be regulated by the SEC; 2. Federal Reserve Chairman Powell stated that we do not want to hinder banks from providing services to legitimate clients using cryptocurrencies; 3. Federal Reserve Chairman Powell stated that he would not resign even if President Trump requested it; 4. The U.S. January CPI increased by 3% year-on-year, higher than market expectations; Technical analysis: BTC: Yesterday, the consumer price index (CPI) data increased by 3% year-on-year, higher than the expected value of 2.9%, which is positive for the dollar. The dollar index briefly rose sharply, while Bitcoin quickly fell by over 2000 points. The increase in CPI data aligns with the Fed's decision not to cut rates in March. The overall trend on the daily and weekly charts is leaning towards bearish. On the daily level, the upper 106000 line can be seen as a high point, with the second stage high concentrated around the 100000 line, followed by a decline to around 96000 points. The current rebound target can be set at 100000-101000 points. On the 4-hour chart, after a dip to 94000 points last night, it rebounded quickly, forming a long upper shadow bearish candle. The 4-hour chart has opened a rebound rhythm, and the market is starting to turn upwards. For intra-day operations, focus on support at 96800-58000 points for rebounds and resistance at 99300-100300 points.
Preface: 1. Spot gold reached a new historical high of $2,913.01 per ounce at the beginning of the trading session; 2. Elon Musk offers $97.4 billion, seeking to compete with Sam Altman for control of OpenAI; 3. U.S. Democratic Congresswoman Maxine Waters releases a stablecoin regulatory proposal, requiring issuers to hold a 1:1 reserve; 4. Yesterday's research report highlighted that the key resistance level above Bitcoin is 98,000, with multiple attempts to breach this level resulting in a 1,500-point pullback. The market trend is generally consistent. Technical Analysis: BTC: Combining the big environment discussed in previous research reports looking at the weekly chart, the overall trend is still bearish. On the daily chart, a bottom has formed around 95,800 points recently; after a dip yesterday, it rebounded to form a small bullish candle. Currently, three consecutive small bullish candles have formed, and the short-term market is expected to continue rebounding, with key upper targets at 99,600-100,600. On the 4-hour chart, yesterday morning's double bottom test closed with a bullish candle, and the market is trending towards steady growth. However, market bullish confidence is lacking, making the rise relatively weak and not smooth. For intraday operations, focus on support at the 97,200-96,200 range for a rebound and resistance at the 98,800-99,800 range.
Today's research report mentioned that the focus on the 98,000 point position pressure on the big cake, today's highest point reached 97,954 points, and at present, the points are basically consistent! As for the market at this moment, the small level line (1 hour line) rose and fell several times from 4 to 7 pm, and the rise was weak. At present, there is a turn, and the evening market is not optimistic! Heyue has a greater chance of shorting successfully! #美国加征关税 #币安上线1000CHEEMS和TST #币安Alpha上新 #非农就业数据来袭 #你看好哪一个山寨币ETF将通过?
As of February 8: Ethereum Ultra-Short and Joy Trading Records Updated Ethereum and Joy for 45 trading days, a total of 53 trades, 3 failed trades, 50 profitable trades New friends can get one free experience trade
As of February 8: Ethereum Ultra Short-term Heyue Trading Record Update Ether Heyue 45 trading days, a total of 53 transactions, 3 failed orders, 50 profitable orders New friends can get a free order experience #美国加征关税 #币安Alpha上新 #非农就业数据来袭
Can BTC break 100,000, and can altcoins reach new highs?
Market Review: The total market value of cryptocurrencies has exceeded $2.9 trillion, BTC's market value has broken $1.56 trillion to reach a new high, and SOL's market value has surpassed $100 billion, ranking among the top 200 global assets. With the pace of reductions in various countries, the inflow of market funds has significantly increased. Apart from some leading tokens that are steadily rising, some small-cap tokens are surging dramatically as they ride the wave of popularity!
Technical Analysis: BTC: The weekly chart closed with a large bullish candlestick, with an increase of 17%, rising more than 11500 points. After a slight pullback of over a thousand points at the opening, it continued to rise. The daily chart, after a narrow sideways adjustment last Friday and Saturday, saw a strong bullish candlestick on Sunday, with the bullish trend intensifying under positive influences, continuing to gain momentum. Currently, there are no reference factors for a top. Remember that a significant drop must be preceded by high-level consolidation; the longer the consolidation, the deeper the drop. As long as it doesn't consolidate, the bullish outlook remains. From the 1-hour chart perspective, after a significant rise yesterday, there was a slight pullback to around 78600, continuing to push towards 80000 and then back to around 78600 before continuing to rise. In the short term, focus on support around 80000 while the important defense line is near 78600!
Market Review: Yesterday, during the Asian trading hours, there was a slight pullback, with a decline of over 1000 points. The price repeatedly tested the 74500 level without breaking it. In the evening, as the U.S. market opened, influenced by recent favorable factors, Bitcoin started to rise again, reaching a new minor high with an increase of over 2000 points. At the same time, a significant defense line formed at the 74500 level, showing high-level fluctuations! Technical Analysis: BTC: The favorable factors have materialized as expected, and the market reached a new minor high last night. The upward momentum is relatively weak, and the performance is somewhat lackluster. In the past two days, the daily chart showed a significant increase, with the deviation rate being excessively high, indicating a strong demand for technical adjustments. On the 4-hour chart, after a substantial increase, the overall performance showed slight upward fluctuations. During the Asian trading hours, it was mainly in a pullback state, while the U.S. trading hours saw strength, with the bottom position continuously rising. Apart from the selling pressure from profit-taking, there are currently no other factors suppressing the market. Key focus today is on yesterday's low point at the 74500 support level, which can serve as an important reference defense line for whether the recent market will enter a major pullback! On the upside, key attention should be paid to the pressure at the 76300-76800 level, where a conservative short position might be attempted! ETH: Ethereum's performance remains relatively strong, with the 4-hour chart riding on the 7-day moving average all the way up. This morning, it just tested the weekly MA30 moving average at the 2950 level before starting to pull back! On the daily chart, after a significant rise, whether it continues to rise or high positions are sold off, an adjustment process is needed! Approaching the 3000 point, Ethereum will face selling pressure from trapped positions before August. Even if it continues to rise, aiming for new highs, Ethereum will need to digest the selling pressure above through multiple upward attempts to accumulate energy for further rises. Recently, Ethereum's operations can focus on the signals of selling pressure above for high selling and low buying, with a key focus on short positions after the 4-hour chart's peak and pullback. In daily operations, key pressure levels to watch on the upside are 2920-2950, while key support levels to watch on the downside are around 2840, with a significant defense focus on the 2780 level in the short term. Altcoins: The overall upward trend is still maintained, but it has basically reached the previous high points. Today's performance is relatively weak with slight adjustments, which is a normal performance. It is still possible to hold onto coins and wait for a rise, but it is not suitable for further buying.
Bank of England to announce interest rate decision tonight at 8 PM
The Bank of England will announce its interest rate decision today at 8 PM Beijing time, with the market expecting a 25 basis point cut by an 8-1 voting ratio. However, the recent expansionary fiscal policies announced by the UK government, coupled with a tense government bond market, create uncertainty regarding the future interest rate path. The Bank of England will also release its latest economic forecasts, which are expected to be revised upward compared to the August predictions.
Impact of the Bank of England's rate cut on the crypto market
The Bank of England's rate cut may have multiple effects on the crypto market, although these impacts are usually indirect. Here are some key potential effects: 1. Increased investor risk appetite: Rate cuts typically lead to a return to traditional debt and bonds, which may encourage investors to seek higher-yielding assets such as stocks and cryptocurrencies. With the increased risk appetite, the crypto market may become more attractive for capital inflows, especially for mainstream crypto assets like Bitcoin and Ethereum. 2. Increased liquidity: Rate cuts mean that the cost of funds in the market is relatively lower, leading to increased liquidity. This environment is favorable for investment, including various risk assets in the crypto market. 3. Weakened confidence in fiat currencies: Rate cuts are often accompanied by expansionary monetary policies, which may lead to a decrease in market confidence in fiat currencies such as the British pound. Investors may seek safe-haven assets to hedge against currency devaluation risks, such as Bitcoin, which is often seen as “digital gold.” 4. Economic growth expectations and market sentiment: Rate cuts are typically used to stimulate economic growth, which may be triggered by extremely weak economic prospects, potentially leading to an increase in risk-averse sentiment in the market and capital inflows into cryptocurrencies considered safe-haven assets like Bitcoin. 5. Boost to the DeFi market: As traditional financial market interest rates decline, decentralized finance (DeFi) may become an attractive alternative. Investors may seek yields on DeFi platforms, thereby increasing demand for DeFi projects and their tokens.
Overall, the Bank of England's rate cut policy may promote the growth of the cryptocurrency market by enhancing market liquidity, increasing risk appetite, and reducing confidence in fiat currencies. However, the specific impacts will also depend on macroeconomic factors such as the global economic backdrop and investor sentiment. #美国大选后涨或跌?
Market Review: In yesterday's research report, it was clearly stated that a big bullish candle would usually lead to a small bullish candle or a pullback after a rally, and the current trend is basically in line with expectations! I emphasized the resistance near 75000 points, which was tested multiple times yesterday before pulling back, making it suitable for quick in-and-out trading! The probability of a 25 basis point rate cut in November is 99.4%. The interest rate decision will be announced at 3 AM tonight; everyone should pay attention to market fluctuations!
Technical Analysis: BTC: The daily level has reached a new high, now over 3000 points above the previous bull market peak. According to previous market practices, a second new high exceeding the last peak by over 4000 points is quite close now. In the last 24 hours, there has been a rise of over 10%, increasing by over 7000 points. From the 4-hour chart, signs of stagnation are evident, with profit-taking already showing signs of exiting! Currently, all market news is favorable, and there is no policy suppression. The only thing to watch out for is 'buy the rumor, sell the news.' 'Buying the rumor' has been vividly demonstrated; whether the favorable news will lead to a 'selling the news' market remains to be seen, and we need more signals from the market to confirm! In terms of operations, be as conservative as possible and avoid being overly bullish or bearish. Those waiting for a top formation and looking to follow the trend should exercise enough patience, waiting for the market's bullish sentiment to dissipate, and re-enter after the first wave of profit-taking; that is the most prudent approach! For short-term operations, pay close attention to the situation around 76000 points in the Euro-American market causing potential drops!
Market Review: Last night, I recorded a video on Weibo explaining the market. Bitcoin looked at a second test rebound near 72000, and it shot up directly in the morning; it was too fast! The long position placed last night at 69150-68550 was perfectly executed with the first order! The current market is very similar to the tin reduction market in September, mainly rising during the Asian session, and the A-share market is slowly replicating the September trend!
Technical Analysis: BTC: Daily chart level, currently forming a large bullish candle, which is typically followed by either a small bullish candle or a significant pullback. Next, focus on the upper level around 75,000 points; in the coming days, pay close attention to the daily level forming a pullback after a spike, leading to a bearish candle pattern. After breaking historical highs, basically all technical analysis becomes less relevant; it's now about personal experience. Currently, the market seems to be stagnant, and for intraday operations, focus on the 1-hour chart for a significant spike followed by a pullback, aiming for short positions on the next high. Do not chase the rise, and definitely do not short during an uptrend! Signals for a major downturn must be based on the daily trend; a daily top signal usually manifests as a spike followed by a small bullish or bearish candle. Today's focus is on quick entry and exit short-term trading!
Market Review: In yesterday's research report, it was emphasized to pay attention to the key positions of 69500-70000 during the day. The highest rebound yesterday reached 69500, starting a downward fluctuation on the hourly chart, and it briefly broke below 67000 in the morning! Ethereum rebounded twice and fell back near 2490, and in the morning it even dropped below 2400, testing around 2360. The slow upward channel formed over the past two months has been broken!
Technical Analysis: BTC: On the daily level, it reached a high of 69500 and then fell back to close with a bearish candle. In the morning, it tested and pierced the daily MA30 moving average support near 67000. At the same time, the daily deviation is relatively high, and the K-line has deviated from the upper 7-day moving average, indicating that the market is due for adjustment in the short term. Looking at the 4-hour chart, the K-line shows significant downward piercing, indicating that the previous upward movement had a clear support effect at the funding cost between 670-675. For intraday operations, pay close attention to the support around the 675-670 positions for a rebound, and the resistance around 688-693 for a pullback.
ETH: On the daily level, there was a high rebound and then a bearish close, breaking below the 2400 point threshold. The overall trend has currently broken the slow upward channel formed over the past two months, with the daily K-line trend continuously declining, maintaining a bearish trend. The next key threshold to watch is around 2300 points. Looking at the 4-hour chart, it pierced down to around 2360 in the morning, returning to the levels seen in early October, and an M-shaped pattern has already formed on the 4-hour line. For intraday operations, look for a rebound during the Asian session, with key resistance at 2440-2460, and for the European and American session, look for a pullback with key support at 2360-2340.
Altcoins: Given the recent active performance of 'Old Ma', the series of coins related to 'Old Ma' have reacted strongly, with Dogecoin leading the charge yesterday, followed by a stronger performance from Mask, with a maximum increase of over 12%. Today's rebound is also quite strong, about to pierce up and close bullish! Currently, the overall performance of altcoins still has opportunities for speculation, as the significant drop in the evening has basically been recovered in the morning. We hope the market can warm up in the coming days. If the market shows further performance, there will be no reason to continue waiting!
The cryptocurrency market is highly volatile; proceed with caution when entering, this is a personal opinion, not advice, for sharing only.
Market Review: The bullish trend in the past two months has already responded in advance to the two major events set to occur this week. After reaching a historical high last week, the market has shown a clear five consecutive downward days, reflecting the 'buy the news, sell the event' trend! The starting point of the previous wave of Lafite has formed the bottom position of last week's decline, and currently, the support effect is quite evident, with Bitcoin stabilizing and rebounding around 67500. The lower threshold for Ethereum has been consistently mentioned around 2400, and this round of decline saw a significant rebound at 2410! Technical Analysis: BTC: On the weekly level, last week formed a small bullish candle with a long upper shadow, and this week is expected to attempt to reach new highs again with a second upward probe. On the daily level, there has been a significant rebound, and currently, a large bullish candle has formed, indicating signs of market warming. On the 4-hour level, a slight second probe is starting to rebound near the starting point of the previous wave of Lafite at 67500, with K-line indicating signs of turning. From the larger market trend perspective, the peak position of the bearish trend has already formed, and this week, the focus is on the formation of a high point in the 71500-72000 range. Important intraday resistance to watch is at the 69500-70000 level; if this position is broken, the focus in the next two days will be on the important opportunity near 72000. The lower support is focused on the 68500-68000 level. ETH: On the weekly level, it has shown two consecutive downward candles. Last week, it surged and then fell, forming a long upper shadow bearish candle. The important support threshold mentioned below around 2400 serves as a crucial defense line for Ethereum, and its performance is quite evident, with the weekly K-line probing the MA90 daily average line for support and rebounding. On the daily level, a small double bottom is forming below, and currently, a bullish candle has emerged. Combining the 4-hour level, there have been multiple downward probes with rebounds, and there are signs of turning upward. If the important resistance at 2530 can be broken and stabilized, the 4-hour K-line trend is expected to form a W shape. Intraday, the focus is first on the resistance at 2500-2530, with the lower support focused on the 2450-2420 level. Altcoins: Last week, altcoins generally returned to their bottom points, and today there is some warming. In the next two to three days, there are still opportunities for bullish outlooks for altcoins. Conservatively, the potential upward space is about 15%, and everyone can seize this opportunity. For friends in the spot market, the most important thing right now is to escape the peak! Everyone can continue to pay close attention!
The cryptocurrency market is highly volatile; please proceed with caution. This is a personal opinion and should not be taken as advice; it is for sharing purposes only. #美国大选后涨或跌? #11月市场预测
November 2, 2024 - Feige Coin Circle Intraday Research Report
Market Review: The non-farm payrolls data released at 8:30 yesterday recorded the smallest increase in four years, but the unemployment rate remained unchanged at 4.1. Driven by the data, the index once broke through the 70,000 mark, and reached the bottom of the box near 71,600, which was a two-day high in late October. The sharp rise in September and October created a large number of profit-taking orders and selling pressure above 72,000 points, which pushed the index to around 68,800 again in a short period of time! Technical aspects: BTC: From the overall recent trend, the box oscillation in the upper top position of 71600-73000 has obviously formed the top selling pressure, and the box support in the lower 68800-68200 range is relatively obvious, which can be used as an important reference for the later general direction selection. From the daily level, the three consecutive negative trends stepped back to the daily MA14 daily moving average without breaking, and stabilized. Combined with the two important positive events that will happen in the next week, and the market conditions in September and October have gone out of the new high market with the occurrence of events, the current market has shown the state of "buying news and selling events", and the escape of profit-taking has appeared in advance. From the current trend, before the interest rate cut on November 8, the market needs to continue to rush to the top, so as to better ship and make orders. In terms of intraday operations, you can first look at the rise and then look at the callback. Focus on the pressure of 70300-70800 above, and focus on the support of 68800-68300 below.
Market Review: In yesterday's research report, it was emphasized that rebounds should be watched during the Asian trading session, and diving should be observed during the American trading session, noting the upper shadow of the monthly candlestick. During the Asian session, there was a slight rebound to around 72600, and the monthly candlestick also recorded a 3000-point upper shadow, but it was unexpected that the dive during the American session would be so deep!
Technical Analysis: BTC: From an overall trend perspective on the daily chart, the upward trend of oscillation has not been broken, but the trend over the past three days has formed a small bearish trend. The important support level below is at 68000, and once broken, the overall big trend will be damaged. Coupled with the market's panic sentiment, the bearish trend will only intensify! From the oscillation trend of mid to late October, the top of the box oscillation is concentrated in the range of 68800-68300, which can serve as a reference for the bottom of this adjustment. The profit escape has caused a decline of more than three thousand points in a short time, and there is a slight rebound demand within the day. In terms of operations for the day, focus on short positions, with key resistance at the 70000-70800 point range above and key support at the 68600-68000 range below.
Market review: Since last Monday, it has been bullish every day. Last week, the price of Bitcoin increased by 10.29% and the price of Bitcoin II increased by 10.9%. Among the several altcoins that were optimistic last week, ordi in the inscription sector increased by 9.99%, floki in the meme sector increased by 16.17%, TRU in the RWA track increased by 10.93%, GALA in the game sector increased by 14.45%, and ZRO, which rebounded strongly every time, increased by 2.44%. Technical aspects: BTC: The weekly level closed with a 10% increase in a big positive line, approaching 70,000 points, and the market has yet to continue to rise. From the daily level, the current trend is a bit weak, and the main performance over the weekend showed some signs of shifting from Bitcoin to Bitcoin II and altcoins. The daily trend is relatively healthy, the market is bullish and needs to continue, and the operation is conservative. From the 4-hour line, it rose sharply and quickly to around 69,500 points in the early morning. There is a correction at present. Intraday operations can be done by selling high and buying low. Focus on the support of 68,000-67,500 points below, and focus on the pressure of 69,500-70,000 points above. ETH: Last Saturday, the focus was on the perfect daily trend of Ethereum. Compared with the big cake, it has a large room for growth. The focus can be placed on the second cake. The short-term target is around 3,000 points, and the middle position focuses on the 2,850 position. From the weekly level trend, last week closed with a real big positive line, the K line broke through and stood firm on the upper moving average pressure, and the 7-day moving average turned upward, and the trend continued to be bullish! From the daily level, the K line basically stepped on the daily 7-day moving average and gradually rose, and its daily increase was relatively normal and stable. From the 4-hour line, the high of 2,660 that had been maintained for 5 days was strongly broken on Sunday, and the market opened again. In terms of intraday operations, we will maintain a low-to-long mentality. Focus on the support at 2710-2690 below and the pressure at 2790-2810 above. Shanzhai: In the research report last Saturday, I said that in my opinion, the opportunity for Shanzhai to make up for the rise is coming soon. As a result, there was a wave of compensatory rise on Sunday, and the market was also very cooperative. From the current lack of strength in the rise of the big cake, and from the time point of view, although it is still bullish and has not yet shown a bearish signal, there is no need to add Shanzhai in the current market. Last week, it was basically in the stage of low-level accumulation. Now the best way is to hold the chips in hand and wait for the rise. Of course, there are also some relatively strong coins that have independent market trends. #BTC要挑战7W大关了吗?