What is the unpopular sector in the crypto?
BTC went down the same way it went up yesterday. Of course, this is only for BTC. For ETH, two days of rebound cannot offset one day of decline. It took four days to rebound about half of the previous six consecutive declines from the lowest point to the highest point. BTC was still slightly strong during the rebound process. Yesterday, it forcibly pulled back and forth in two waves in its intraday performance. It first stepped back to the support line near 62,600 and directly rebounded to a new intraday high, and then went down to around 62,000 in the early morning. If this wave of retracement to 60,000 cannot be defended, it will directly fall to the daily short-term support level of 56-58,000. At the same time, ETH must pay attention to whether this wave of 2,200 can be completely broken for the third time.
Today's highlights
BTC market intraday level four-hour level medium and large negative appeared below 62600 points. Let's see whether it can directly break through the 60000 barrier line today and tomorrow. On the four-hour level, we can see the support position near the 61600 line. If this position is not broken on the four-hour level, it will rebound back and forth at this position again, and it will not fall much at once. At the intraday level, just pay attention to the resistance position near 63000
In the trend of ETH at the four-hour level, the callback after yesterday's spike to today's 2400 points, it is obvious that ETH is weak at the daily level, and the market is also weak at the four-hour level. The four-hour level is obviously short-term strong. Yesterday, it fell to the highest of 120 US dollars. Today, at the intraday level, you can pay attention to the resistance position near 2450. The first line below is still the 2380-2420 range. After breaking through, you can pay attention to the support position near 2360. The strong support at the four-hour level is in the 2280-2320 range.
Today, both Bitcoin and Ethereum have also pulled back. Bitcoin continues to fluctuate around 62,000. The time for sideways fluctuations is enough, and a pullback is just around the corner. The United States has been busy with the election recently. Things will gradually get better in October, and it will take off after the election in November.
The focus of the market is still on the MEME sector!
The current industry situation is that the popularity of a chain often depends on whether someone launches a new MEME project on it and attracts a large number of participants, thereby creating a wealth effect. From the perspective of the MEME project, various public chains, inscriptions, runes, etc. are just the issuance tools and carriers of MEME tokens.
Neiro is undoubtedly the most dazzling one. NEIRO's performance has been particularly eye-catching in the past two days. In just 24 hours, its price soared by more than 50%, setting a new record again, perfectly interpreting the name of "demon coin". Just like last year's PEPE, the distribution of chips is extremely fair, and the cost of opening a position for each institution, large investor, and retail investor is the same. The significance of this fair turnover is that it avoids the problem of unlimited unlocking of VC coins, unlimited dumping, and low-cost fundraising chips.
Neiro's fair turnover has increased from 20m after Binance's announcement to 600m. In this process, every participant has the opportunity to seize this opportunity to get rich. After two years of washing from 2023 to 2024, the market has made a choice: the leader of this round of bull market is Meme coin. Whether in terms of transaction volume, increase, or the degree of resistance to decline when the market is bad, as well as the increase when the exchange is listed, Meme coin is the top of this round.
NEIRO's trend is like a roller coaster, rising, plugging, shipping, and falling. After each shipment, there is always new capital influx, pushing its price up again. This tenacious vitality makes investors full of confidence in it.
Under the leadership of NEIRO, the Meme coin sector has once again become the focus of the market. Meme coins are characterized by their humor, spoofs and social attributes, and are attracting more and more investors and followers with their unique charm.
Don’t be affected by short-term market conditions, now is a bull market!
The current stock market is crazy, just like the crypto in 2021. People who don’t understand anything want to enter the stock market because they see the wealth effect. When Bitcoin broke through 30,000 US dollars, many people thought that the bull market was coming, and then they entered the market in various buy the dips, confidently saying that they would hold on until the end of the bull market. However, this year’s bull market is completely different from the bull markets in previous years. Various callbacks in the middle have made retail investors lose their patience. I thought that the bull market would lead to a general rise in all currencies, but it did not achieve the expected effect. Then I began to doubt whether the bull market was still there, and even thought that the bull market was over.
I think time can change everything and prove everything. If you are optimistic, don't change it easily. As ordinary people, how many of us can hold on to the next bull market if we miss this bull market? Stick to your own views and don't be affected by short-term market conditions or market sentiment. After all, only a small number of people can make money in the trading market, and most people will lose money.
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