After breaking through, the upward momentum is not strong, the small-scale MACD has a death cross pointing downwards. After breaking the conversion zone, a right-side short setup can be made 📉
1) Market Trends BTC is fluctuating and declining, with a lack of hotspots in the market. U.S. stocks plummeted. Core PCE inflation in February exceeded expectations. The market anticipates that the Federal Reserve will cut interest rates in July.
2) Market Hotspots: 1. Rebounds from BSC chain projects such as Form and Broccoli714. Some quick turnover projects have emerged on the BSC chain, but the effect of CZ's calls is gradually declining. The BN wallet has launched a new feature that allows trading on DEX with CEX funds, which will decrease the effect of major listings in the future. 2. BN will list the chain game Gun today. Gun is a battle royale shooting game with only 6% circulation. 3. The on-chain identity verification protocol SIGN will issue tokens this week. This is a domestic project that BN Labs previously invested in. 4. The public chain ETH continues to decline, with multiple whales facing liquidation.
1. BitMEX co-founder Arthur Hayes stated that April will be a turning point for the market and predicted that a new round of market growth is about to come. 2. Trump: The U.S. will implement the largest tax cuts in history. 3. Ghibli-style AI artwork showed strong performance in the primary market yesterday, with a market value surpassing 23 million.
The support below BTC remains unchanged, which is a strong short-term support. The key point today is whether it can stand firmly above 85000. Only if it stands firm can we continue to look upward.
Main Data: The short-selling whales on the BTC chain have started to close their positions, which is consistent with media reports.
Currently, the intraday volatility is only about 1%, but our altcoins have made very good profits. The overall market is in a very low level of volatility range and has already formed a short-term triangle. It is expected to break out right before the interest rate decision. As for BTC, we will continue to proceed step by step with our intraday setup.
Order flow data for #BTC : Ultra-short-term support: 81650-81850 (This is the first light position setup range) 80500-81000 (The previous range with around 1000 points of defense can be used for the second setup range) Swing support: 78350-78750 Ultra-short-term resistance level: 85550-86050 (Need to monitor for any spikes or stable positions before setting) 87050-87650 Main data: The short whale giants on the BTC chain have started to close positions, which aligns with media reports. On the ETH chain, the first batch of light heavyweight longs was taken at 1890.
The current strong resistance level is still around 85000, which has not been broken through.
Recently, the market's enthusiasm has been on the Binance chain, which has driven some excitement among everyone. After #MUBARAKUSDT was listed on the exchange last night, if market sentiment continues to improve, it is expected that the on-chain enthusiasm in the primary market will shift to the secondary market, leading to a nice rebound in the market. Please be patient and wait.
This week, projects such as APT, ADA, and BGB will experience a one-time large token unlock, releasing a total value of over 100 million USD. The specific unlock situations are as follows:
$APT: 11.31 million tokens will be unlocked on November 11 at 14:00, valued at approximately 92.4 million USD, accounting for 2.18% of the circulating supply.
$ADA: 18.53 million tokens will be unlocked on November 6 at 8:00, valued at approximately 6.16 million USD, accounting for 0.05% of the circulating supply.
$BGB: 5.38 million tokens will be unlocked on November 10 at 8:00, valued at approximately 5.97 million USD, accounting for 0.38% of the circulating supply.
Investors should pay attention to these unlocking events, as they may impact the market.
In recent days, the blockchain gaming sector has been particularly strong, and even BNX starting to rise indicates that the current hot topic has shifted to the blockchain gaming sector. You can pay attention to #LOKA, #GALA.
From $10,000 to $10 million: Wealth Secrets You Must Know!
1️⃣ Doubling is hard, halving is easy It's difficult to earn $2 million from $1 million, but losing half is quite easy. This shows that risk management is crucial; it is the lifeline of investing. ⚠️
2️⃣ Asymmetrical gains and losses Earning 10% and then losing 10% does not leave you where you started. For example, $1 million becomes $1.1 million, and after a 10% drop, you’re left with only $990,000. Don’t forget the compounding effect. 📉
3️⃣ Compounding is not a myth, but it really works A 40% annual return sounds great, but market volatility can reduce your actual returns to 5.83%. If you want to get rich, you need to rely on long-term investment. 📊
4️⃣ Earning 1% daily is exciting to think about Starting with $1 million, earning 1% daily would bring you to $12.03 million after 250 days. Stick with it for 500 days, and it could soar to $145 million! Although it sounds unbelievable, having dreams is essential. 🎯
5️⃣ Don’t expect to double your money every year Those investment plans promising to double your money in 5 years are mostly scams. Steady investing is the way to go; don’t gamble with your own money. 📈
6️⃣ To make $10 million, you need a 25.89% annual return With $1 million and an annual return of 25.89%, you could turn it into $10 million in 10 years, and in 20 years, you’d be a billionaire. Remember, time is key to accumulating wealth. ⏳
7️⃣ Average price calculation matters For example, if you use $10,000 to buy tokens at $10 each and another $10,000 at $5 each, your average price isn’t $7.5, it’s $6.67. Calculating the average price correctly can help protect your investments. 📉
8️⃣ Once you make money, keep it safe If it rises by 10%, sell a portion and use the rest as a safety cushion. This way, market fluctuations won’t seem so scary. 🌈
9️⃣ Real assets withstand the test of time Tokens that can hold up during market crashes are the real heroes. Invest in projects that can stand the test; they are your long-term winners. 🌪️
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