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Position gone? Price also!! In the current market, there is no shortage of money, what is lacking is opportunity! How to deal with extreme markets?
Yesterday's pie gave us a stimulus, pulling directly from 27800 to 30000, with a 10% increase. A hand of fake news directly pulled the pie up, it can be seen that the current market is not short of funds, almost all of them have bullets in their hands, and what is missing is an opportunity.
Last night, at about 9:20 on the eve of the opening of the U.S. stocks, the market released the news that BlackRock's ETF had been approved by the SEC, a stone stirred up a thousand waves, the pie rose in a straight line, from 28,000 spot directly dry to 30,000, the contract was more exaggerated, directly pulled up to 30720, with BN data reference,
Yesterday we have analyzed that the pie itself actually has the momentum and demand to rise, whether there is a push from the news or not, the pie will still go around 30,000 knives, but yesterday the market has been suppressed for a long time to release a wave of bullish sentiment in advance! Speaking of yesterday's news, in fact, there must be more or less the main force deliberately, because the market is always full of some fake news, but there is no cooperation of the main force, even if there is really good news, the plate is sometimes unmoved, then yesterday's fake news came out, the market reacted very quickly, if only retail investors to enter the market, it is certainly impossible to pull the price of the pie from 28,000 to 30,000 in just about fifteen minutes, and the contract is even more to the position of 30720, so, The main force is suspected of exploding, and at the same time uses the news surface to fully change chips!
In this market, news can happen at any time, and Musk has released news many times before to pull up the pie and dogs, but we can often look for some traces of the main control plate from the plate itself, so as to gain insight into the true intention of the main force!
Judging from the current trend of the pie, the outbreak of the cottage is a matter of time, and when the pie goes sideways around 30,000, it should give the cottage a wave of opportunities to make up for the rise, the market funds are limited, the current should be the cake to break through first, and then lead the cottage group to dance! Important quotes are about to be staged, get ready for the last big wave of the year!
ETH is still oscillating in a large rising flag, which can be clearly seen around 1700, which is also our first goal, the 4-hour 20 line began to raise its head, and the pullback entered the market.
Then the dramatic scene, after Bloomberg verification, BlackRock ETF is still in the review stage, so, the pie quickly fell back to the lowest touch of 27730, as of the 8 o'clock in the morning close, the pie stood on the average of the bulls' daily level! Therefore, we have reason to believe that although this rally has been driven by fake news, the highest touched above 30,000, but the bearish force does not seem to have pressed the price back to the 120 moving average 28208, the 200-day moving average 28015, or even the 99-day moving average 27761, then yesterday's such a rally market, we analyze from the perspective of the K-line, this trend is more like the K-line on August 17, with a little immortal guiding meaning, The next big pie will probably touch around 30,000 knives!
This time the rise and rapid decline also confirmed that it has officially come to the stage of the end of the bear and the beginning of the bull, and the selling pressure caused by the fake news has almost returned to the original point. Whether it is long or short, under this fluctuation, it is almost not much earned, but it is blown up, resulting in a wave of fuel consumption.
According to past experience, the market will come to another torturous period, and before the official arrival of the bull market, the decline may become the main trend.
After the pie has experienced yesterday's pins, 30,000 knives may be the top in the short term, and the upper trap is quite large, and the main force of the market will not easily pull the coil to untie. There is a high probability of shock to the downside.
Although 40,000 people were blasted in 24 hours, $180 million of positions were liquidated. But news as big as yesterday is that spot positions often dominate.
The latest bear market was largely due to the Fed's rate hikes. The global storm of interest rate hikes is expected to continue until the first quarter of 2023, and as a result of the rate hikes, the economy will enter a recession that will last until the first half of 2024. It will not be until the second half of 2024 that the economy enters the recovery phase and begins the cycle of interest rate cuts.
The three bull markets in history were followed by bear markets in the abyss, without exception!
First, after the bull market in 2013, bitcoin fell from $1,166 to $170 in 2014, a drop of more than 85%.
The second time, after the 2017 bull market, between 2018 and 2019, Bitcoin plummeted from a maximum of about $20,000 to around $3,000, a drop of more than 85%.
For the third time, after the bull market in 2021, bitcoin plummeted from a maximum of $69,000 in 2022 to about $19,000 today, a drop of more than 72%.
At this stage, it is still necessary to pay attention to the trend of the market, the operation can be left unoperated or as little as possible, and more observation of the situation on the news side to ensure the truth.
Recently, the TRB market has experienced great ups and downs, which has attracted widespread attention and discussion.
Speaking of TRB coin, many investors must not know much, the full English name of TRB coin is Tellor. In fact, TRB coin is a currency of the oracle sector invested by Binance, Tellor is a decentralized oracle network based on the PoW consensus mechanism, and his original intention is to build a decentralized oracle solution to allow all participants to provide the most real data and get rewards.
Used to infuse high-value off-chain data into Ethereum. The system leverages contentious miner network competition to solve PoW problems, monitoring user data requests on-chain, and monitoring and receiving data requests off-chain. Each successful Tellor data point will be mined using tokens, and the company will set aside a 10% share of development to support the development of the ecosystem.
TRB Coin Future Value and Prospect Analysis
Tellor has taken a decentralized approach to building its oracle from the beginning, combining the advantages of PoW mining and PoS staking, a hybrid mechanism that gives it certain security guarantees and flexible incentives. Because the security of Tellor's decentralized oracle is related to the value of its token TRB. So in the early days, it was difficult to provide a separate oracle service for DeFi projects involving hundreds of millions of dollars because of the possibility of an attack.
To prevent price attacks, Tellor itself must first increase its value, such as growing into hundreds of millions of dollars, or even billions of dollars in projects, making the cost of attacks greatly increased. There are two paths to increase Ttellor's own value. First, Tellor can develop together with the same early crypto projects, committed to building a decentralized mechanism, and gradually realizing a positive cycle of value growth; Another approach is to work with other oracles to serve crypto projects, enabling more secure decentralized oracle services through greater decentralization across oracle networks.
In the process of TRB token pledge mining, the risk of being attacked is high when the data is attacked to make a large profit in the relevant defi protocol and the staking cost is low.
TRB's token economy model combines proof-of-stake (POS) and proof-of-work (POW) mechanisms and has no fixed cap on token supply. In this system, nodes participate in proof-of-work challenges by staking TRB tokens, where the top five completed nodes are awarded TRB rewards. Starting from the Ethereum block height 9619370, the reward rate gradually decreases, decreasing by 0.003% per block until the reward per block stabilizes at 1TRB. Following this model, by 2021, the reward has stabilized at 1TRB per block.
Combined with current circulation, TRB's annual inflation rate remains at 17%. This means that about 420,000 TRB tokens will enter the market every year, or about 35,000 per month.
Before the TRB rose, it was still at the price of 51, and then quickly pulled up to 81 and reached a new high again, and this coin is every time when we feel that it has reached a high point, and the subsequent rise is weak. In the general market is still in a downturn, it has pulled its price up by nearly 60%, and this wave of rise has caused many Air Force's positions to be blown up.
Then there was another wave of rapid pullback to fix the price at the 61 position, a quick wash, short orders were liquidated, long orders are also no profit, where does the profit in the middle finally flow? This coin has always been known as a demon coin and cannot be regarded according to the operation in the market. When his funding rate reached -3%, there was already a danger that everyone felt, and it was always high at the high point, and it was unbearable to eat the rate.
This strong rise is directly a new high point punched out, just like looking at this position fixed point blasting, suddenly a high point hit out. It seems to go to the stop loss position of the big account, and come to a harvest. The price of this 81 surprised everyone, and the 60% increase was pulled out in the case of the fall of the pie, either the bookmaker was too strong or there were large players who pulled the market.
Hot Altcoin Analysis
1. FLOKI has a major announcement today that deserves attention
2. ZTX launches Sesame at 6 p.m., which is worth paying attention to
3. The STX sBTC developer test is scheduled to start on October 18
4. EGLD - There will be a major meeting on October 19-21 that may be announced.
5. SUI is about to go live, BN.US the market is very low, which is worth paying attention to.
6. RDNT broke back near the upper edge and launched the Ethereum mainnet, which can continue to enter the market at 0.219
7. The sub-new coin of BN can be followed, and there is a high probability that it will rise after a long period of volatility.
8. The bottom of CRV is obviously oscillating and worth paying attention to, and the current price is 0.44.
9. The SUI liquidity pledge protocol has been officially launched on the SUI mainnet.