Market review, the subsequent market will start a nice pullback rebound point from the 20th.


In August, the BTC resistance level is set at the 311,000 dividing line on the chart. Open a long position as it approaches, and open a short position if it breaks below.
This year, the market is actually very good. I bought HSK at 0.25, sold at 0.78, and bottomed out at 0.34 for #COAI . Everyone has an idea of how high it went. There's also MAT around 0.2, with a peak of 2.
Currently, it seems that we can continue to try to buy the dip on HSK (just a meeting about RMB stablecoins at the end of August) as well as EDEN and ENSO. I'll write about the others in the subscription another day.
The BTC trend, overall, will experience a nice pullback upwards after the 20th. First, let's look at the recent market information:
The Federal Reserve on the 18th, according to Moussailem: may support another rate cut, as the policy has not been preset.
19
Japan is considering allowing banks to invest in cryptocurrency assets (given that Japan ranks fourth in the global economy, this could have a significant impact on the market).
Since October 11, Tether and Circle have accumulated new
Mint an additional 6 billion USDT
Tether Treasury has minted 1 billion USDT on the Ethereum network (the information about the increase of stablecoins on the two chains is significant for the subsequent market whenever it appears, and we can refer to previous issuance events, especially in the past year where the issuance amount has only increased).
SEC Chairman: The U.S. is ten years behind in the cryptocurrency space, and catching up is the top priority (After the U.S. government reopens, news comes in one after another, let's observe for now and not jump to conclusions) #十月降息预测 #Ripple拟建10亿美元XRP储备
COAI-43.73%
GT-1.07%
ETH-0.16%
BTC0.52%
View Original
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)