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Renata2024/10/29 06:22

By:Renata

1. Biupa-TZC: Strong trend analysis of Bitcoin under the "rise instead of fall" model

Currently, Bitcoin has adopted a strong trend of "rising instead of falling", showing a significant upward trend. The main analysis is as follows:

A. Spot order status

The number of sell orders in the price range of 68,000-70,000 is significantly higher than the number of buy orders in the range of 66,000-68,000.

According to past practice, Bitcoin usually chooses to run in the direction of "low resistance", that is, to break through the direction of low selling pressure.

B. Main operation analysis

The main force ignored the "resistance wall" of regular orders and chose to eat up all the orders at the market price, pushing up to $70,000. By the time it reached this level, the sell orders had significantly decreased.

The current approach is to "rise instead of fall", gradually digesting the pressure of pending orders in the market by continuously raising prices.

C. Transaction perspective

Short-term strategy: In the current market of rising instead of falling, Bitcoin shows strong buying support, indicating that there is still room for upward movement in the short term.

Focus: If the price breaks through $70,000 and sell orders continue to decrease, the market may continue to rise. Conversely, if there is large-scale selling pressure, be alert to the risk of short-term pullback.

See the original text: https://x.com/biupa/status/1851081299710394602

2. Eric Million: Neiro and SUI's Trading Views

Judging from the recent reaction to oversold signals, NEIRO and SUI are outstanding counterfeit products that deserve special attention:

A. Independent upward momentum : Unlike most counterfeit products that follow the market fluctuations, NEIRO and SUI have unique narrative support and sustained capital inflows, indicating that they may continue to be strong in the future.

B. Strong currency priority strategy: In the investment of counterfeit products, it is crucial to prioritize projects with strong performance. The rebound of NEIRO and SUI after oversold signals is particularly noteworthy, reflecting the high market recognition of them.

See the original text: https://x.com/CycleStudies/status/1851119133217472759

3. Nachi: $SOL Trading View

SOL continues to attract net inflows, while ETH continues to show net outflows. This is confirmed by data and price trends, and SOL's position as the largest "casino" cannot be shaken in the short term.

SOL/ETH is at an all-time high, while SOL/BTC broke through the triangle consolidation , opening up space for further upside.

Already heavily invested in $SOL within the 158-165 support range , and plan to hold before the election.

Main trading strategy : Based on my core assumption, if Trump wins the election, expect a significant increase in $BTC and $SOL. In this scenario, the price of $SOL below 160 may be difficult to see again. I was prepared to profit before and after the election.

Conservative expectations : even in adverse conditions, the 158-165 range will still form strong support.

See the original text : https://x.com/alphawifhat/status/1850865598949196142

4. Rui: VC cost considerations in counterfeit products transactions

In the transaction of counterfeit products, the influence of VC cost as a pricing basis is gradually weakening. The current market's confidence in VC not losing money is beginning to shake, and the reality that the project party cannot pull up the plate due to compliance This factor has reduced its priority, especially in the mid-year counterfeit products coin crash, the importance of VC cost has been further weakened.

Transaction dynamics:

Cati: The cost of the last round for most investors is still more than twice the market price, and the unlocking period is about 11 months.

Scr: Most investors still have a premium of 4-5 times Cost Of Carry, and some investors have conducted OTC transactions between 800M-1.5B.

Eigen: Most investors still have a premium of 9-10 times, and some have completed partial sales in the OTC market in the 3-6B range.

See the original text : https://x.com/YeruiZhang/status/1851060769691222098

5. Wind without direction: Musk's political bet is a potential opportunity for DOGE

Musk plans to establish the "Department of Government Efficiency" (DOGE). This is obviously his major layout for the future, especially given his bet on Trump.

Trading viewpoint:

A. Choose BTC and DOGE : If Trump wins, I think DOGE may have an opportunity to rise, so I have bet on PolyMarket that Trump will win and choose not to hedge.

B. Firmly bullish : I firmly believe that "what cannot knock you down will only make you stronger." This is the core logic of my holding DOGE.

Original link : https://x.com/0x0xFeng/status/1850898790959767970

6. Master Pang: Beware of the Meme Coin Trap: It Will Only Accelerate the Bankruptcy of Retail Investors

Although the current popularity of meme coins is high, I believe their wealth transfer speed is faster. The vast majority of retail investors not only cannot get rich, but will also be quickly exploited. This phenomenon is in sharp contrast to the trend of BTC.

Trading strategy:

A. Avoid unclear areas : I choose not to participate in meme coins that I don't understand, and only use a small amount of funds to experience market sentiment. Large market value and small market value memes are basically losing money, and small market value is 99% trap.

B. Cautious participation in the tail rise stage : If the meme coin breaks through a certain market value scale, the tail rise stage may occur, but I still remain cautious and only participate in a very small amount of funds.

C. Recognize the essence of the market : The current meme coin market is not a good opportunity to get rich, but a high-risk bankruptcy catalyst. Only by understanding common sense and probability, maintaining rationality, can we avoid being led by market sentiment.

Original link : https://x.com/kiki520_eth/status/1848145858703016375

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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