Hello everyone, I am Detective Brother!Today we will discuss the BTC market trends together. Some people are optimistic about the M top, while others are optimistic about the W top
Hello everyone, I am Detective Brother!
Today we will discuss the BTC market trends together. Some people are optimistic about the M top, while others are optimistic about the W top. If we go to the M peak, BTC will reach its peak at $31500, and $28500 is just a flash in the pan. If we go to the W peak, BTC will launch an impact towards the $30000 mark. So, who is more likely to become a reality?
From the daily perspective, BTC is currently in the lower edge support position. Breaking through this support may continue the downward trend of the M peak; If you break up, you will go to the W top, and the current support level along the bottom is a good time to buy on dips. Lower support is focused on $26550, while upper resistance is focused on $28000.
Next, let's talk about some noteworthy counterfeit coins:
1. The short-term trend of BCH is unstable, and short-term players can flexibly operate within the range of $210- $223. SOL linkage is obvious, it is recommended to build positions in batches below $23.4 and wait for a rebound opportunity.
UNI is a potential stock in decline, and its price is currently approaching the bottom. Buying on dips, I believe that DeFi's leading projects will showcase their growth potential.
Both BNX and XVS are in good condition. BNX is suitable for buying on dips and is expected to generate 19% returns; The trend of XVS is similar to that of the overall market, and it is recommended to set a stop loss at $5.1.
The auction of one of the DWF holdings is about to see two major positive developments. The development of Telegrambot is about to end, and once launched, it will facilitate transactions and other operations related to auctions; Bouncefinance will hold two events, one of which is the RWA auction (the auction reached $17 during the last RWA auction).
5. Follow the news of cooperation between Ocean and GSR, it is said that there will be positive announcements in the near future, and GSR=DWFs. Perhaps this will become the potential stock for the next round of pullup.
6. LOOM is about to sign a new contract, but what is the specific situation? Let's wait and see.
7. The overall market situation is deadlocked, but these two potential stocks are worth paying attention to: XMR and RNDR.
8. SRM is approaching the bottom, which may be a noteworthy goal.
9. OP is one of the most promising currencies in the second tier and has not yet experienced the baptism of a bull market. Yesterday, Wintermute deposited 2 million OPs into Coin An, with a purchase price ranging from 0.1 to 0.8 US dollars. Grab it, it may hit a new high, and the potential of 10 times the coin cannot be underestimated.
10. Pay attention to USDT, as its recent supply on the exchange has reached its highest level since March, which may drive it up.
11. Recently recommended DOT, Polkadot's latest sharing of news is expected to drive DOT to bottom out and rebound. The network plans to deploy $220000 and 080000 DOT tokens to help the project have a meaningful impact in the future.
12. ARB is currently performing well, with a current price of $0.80 and a two-hour range of $0.80-0.81. After the bottom is formed, it is expected to reach a new high.
13. Recommend XTZ, the physical price is below the 0.7 line, and the current price is 0.64 US dollars. Although the trend is weak, there is a certain chance of an increase in the future.
14. Today, we recommend STRAX, and Coin An has added support for this counterfeit coin.
This is just our exploration of the top of the BTC weekly cycle. Investment carries risks and caution is required when entering the market. Let's look forward to the breakthrough and surprise of the October market together!
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