Currently, the market's capital, traffic, and attention are rushing towards Meme tokens, forming a situation of concentrated and explosive hot spots. Concepts like CTO are on fire, with popular projects including Moodeng (Hippo), TERMINUS (Mars City), and Musk's latest Robotaxi. With Musk's social media dynamics (pinning and changing profile pictures), the market seems to be hinting at another hot Meme token, especially projects related to "Robot".
Today's market analysis:
BTC
BTC is currently rebounding at the 1/2 hour level, and the resistance levels to watch are around 60800–61300–61740!
As long as it does not fall below 60150 today, the 1-hour level will be a rebound trend. If it falls below this level and fails to rebound again, this rebound will end, and the market will go down again. The support levels to watch are around 59640–58925–58260!
ETH
Ethereum is relatively strong, currently rebounding at the 1/2 hour level and the 4-hour level. The resistance levels to watch are around 2420–2440–2470!
As long as it does not fall below 2400 today, the 4-hour level will be a rebound trend. If it falls below this level and fails to rebound again, this rebound will end. The support levels to watch are around 2385–2365–2348 (pay attention to 2385 at the lower level, and it will still go up if it does not fall below this level).
Why are mainstream cryptocurrencies not rallying, but rather some low-cap Altcoins and MEME coins are active?
First, the capital brought by the Fed's rate cut has not yet entered the crypto market. The rise of mainstream cryptocurrencies requires an extremely large amount of capital to drive the market upward, which has led to the current lackluster performance of mainstream cryptocurrencies.
In this case, retail investors will seek investment opportunities with higher returns, and thus turn to low-cap coins.
Second, lack of market liquidity. The purpose of pumping is usually to attract follow-up buyers, and to raise the cost price of retail investors through constant turnover in the market, ultimately achieving the goal of selling. But without follow-up buyers, pumping will become an opportunity for other retail investors to get out of their positions.
Third, low-cap Altcoins and MEME coins, due to active speculators, low circulation, and easy manipulation, have become the main driving force for short-term market fluctuations.
As in the past few days, the fan sector has almost completely pumped, which is because these targets have gone through nearly half a year of washing, and the chips are now highly concentrated. For example, SANTOS, which has been observed for half a year, basically has no depth, and a large increase can be pulled with little capital.
Facing such a complex Meme token market, to make money, you need to have a strategy. Here are a few key points:
Focus on hot spots and celebrity dynamics: Dynamics of figures like Musk and Sun will have a huge impact on Meme coins. Their social media actions often trigger a chain reaction in the market. Therefore, keeping up with celebrity statements and related hot spots is the key to capturing opportunities.
Quick in and out, grasp the rhythm: Meme coins usually have extremely high volatility, with prices rising rapidly in a short period of time, but also easy to correct quickly. Therefore, maintain an efficient entry and exit strategy, especially when market sentiment is high, short-term trading is a common way to profit.
Diversify investments, reduce risks: Meme coins have very high risks, so don't put all your money into a single project. Choose a few hot tokens for diversified investment to reduce the risk of sudden crashes.
Pay attention to trading volume and community activity: Whether Meme coins can explode often depends on the activity of the community and trading volume. Pay attention to projects with active trading and high community enthusiasm, as they may have more explosive potential.
Avoid FOMO (fear of missing out) mentality: In a bull market, it's easy to chase high prices due to fear of missing out, which is a dangerous mindset. Remain calm, rationally analyze the growth potential of the project and the market cycle, and avoid chasing the rally and selling at the bottom.
Based on the above reasons, we should pay more attention to some low-cap Altcoins and allocate a small portion of our funds to pursue higher returns. However, it should be noted that low-cap coins, although potentially bringing high returns, also come with high risks.
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