Old Cui says about coins: Will there be a big drop near the interest rate cut in the crypto circle? The market trend has not turned!

CN
8 hours ago

The world is bustling, all for profit; the world is bustling, all for profit! Hello everyone, I am your friend Lao Cui, focusing on digital currency market analysis, striving to convey the most valuable market information to the vast number of cryptocurrency enthusiasts. I welcome everyone's attention and likes, and I refuse any market smoke screens!

Since the article was published on the 5th, there have been no further updates, and the reason is simple: the author is on a rotating rest schedule and is currently on vacation. Many friends are blaming Lao Cui for the lack of updates after the bullish outlook on the 5th, which has led to losses. More than one person has expressed such sentiments, and most of them are gamblers in contracts. Lao Cui's logic is very simple, and you can review it. Even for contract users, historical new highs were reached on the 6th and 7th, specifically for Bitcoin and Ethereum, with profits generally maintaining above 1000 points, even reaching 1500 points. This profit is, in Lao Cui's opinion, sufficient for everyone to exit profitably. As for how each person decides, I don't need to elaborate. The mindset of spot users may be even better; I have not received any news yet, and I remind everyone to check the date when reading the article.

Regarding the short-term decline, Lao Cui feels there is not much volatility, and it does not impact our spot users. At least the current price is still at the high point of September. This dip does not mean a trend reversal; such historical-level pullbacks are still considered normal. I have taught everyone how to judge trends before; the first thing to look at is the leader, and currently, the leader is undoubtedly BNB. The depth of the pullback is only from 1362 to the current 1279, which is less than 10% overall, and the trend remains in a bullish phase. Based on the current downward trend, if the author has not entered the market, this dip will be my entry point and also a position for averaging down. We are already approaching mid-October, and the next interest rate cut is about a week away. The closer it gets, the greater the volatility, and this dip is also a preparation for the October interest rate cut, which is an undisputed trend.

Returning to the topic of concern, many friends are extremely envious of BNB's performance and seem to be planning to find a position to buy in; many cryptocurrency enthusiasts are also hesitating between the values of OKB and BNB. This raises two questions: first, the value of BNB. Platform tokens need not be elaborated on; they are linked to the platform's ecosystem and development. A wave of Hong Kong licenses has pushed BNB to such a price level, which is a fortuitous opportunity for BNB. As for where the high point is, it is difficult to predict. However, in Lao Cui's understanding, it is easier for OKB to break through to a value of 400-500 than for BNB to reach 2000 and double. Meanwhile, the bull market led by BNB currently appears extremely strong, and once the bull market reverses, the collapse will be far greater than that of other coins. The growth of any coin is relative; if one can accept a doubling in growth, one must also accept a halving in decline. Therefore, at this stage, Lao Cui's first investment choice will definitely not be BNB, as the risk is too high.

For OKB, there is definitely a lack of ecological comparison, and from a layout perspective, the two are in completely different markets. One is focused on domestic layout, while the other targets a global layout, so there will be differences in value. From the perspective of OKB's innovation, it merely seeks to win by quantity to balance the value gap, which currently appears to be a failed choice. No matter how OKB innovates, if it cannot integrate into a larger market, there will naturally be no significant capital involvement. Just like the issuance of OKB, the platforms that can purchase it are limited to the OK platform, which is too stingy to develop. Based on the current value estimation, it is at most in the 300-400 range. Including the stablecoin channels discussed domestically, there is currently no news, so the upper limit only has the potential to double (this is the minimum standard estimate). The current valuation is merely based on existing clues, and if there are changes later, it will certainly need to be revalued. The biggest change would be whether it can integrate into interoperable public chains, allowing OKB to go international.

As for the specific depth of the predicted lower points mentioned by everyone, this is not my area of expertise. Lao Cui cannot predict the exact drop position, and this decline is not something I have caused. From the overall short-term trend, the only thing that can be confirmed is that there will be growth after the interest rate cut, and it will exceed the previous historical high. As for the fluctuations before the interest rate cut, the downward movement is certainly to create space for a pull-up after the cut. Therefore, in the author's view, the decline before the interest rate cut is actually good news. Thus, under the certainty of the trend, Lao Cui is definitely bullish. The only difference is where you place your bullish profits. After the article on the 5th was published, Lao Cui also made a long position, and after making a profit, I exited without much thought. On my travel path, I rarely engage in contracts, as I do not want to be bound by market conditions. If you are studying, using a linear state to make trades, you can see that the current bull market pattern has only been established by BTC, while other coins are still in the recovery phase.

Whether looking at Ethereum or SOL, both are still in the process of recovering from previous historical highs. The initiation of this bull market has not caused significant growth (except for BNB). The performance of BNB has completely exceeded the author's understanding; during the 400-800 phase, I still let everyone buy and try, but at this stage, I dare not hold too much, and I cleared all positions around 1000. In my understanding, it is impossible to buy back in. If everyone's understanding is higher than Lao Cui's, or if you have insider information that allows you to understand the significance of the Hong Kong license and have faith in the coin, you can hold it. Regarding the depth of predictions, Lao Cui can only say it is a matter of probability; the previous new lows are unlikely to be broken, and an upward trend will soon emerge. Currently, it is merely a matter of capital connection. As long as the patterns of Bitcoin and BNB do not break, there will not be significant issues with the depth below.

Lao Cui summarizes: At the end of the article, I will make a simple prediction. The timing of Bitcoin's current launch was from the new low of around 107200 at the end of August to early September, reaching a new historical high of 126200; the overall growth is nearly 20,000 points, coinciding with a cyclical high pullback. According to our logic, if we can accept a 20,000 point upward movement, we must at least accept a 10,000 point downward space. The current decline is less than half of the previous growth, which only indicates that the trend has not turned. It remains in an upward trend, and moreover, Bitcoin's indicators are continuously breaking new highs. As long as it is in a state of continuously establishing new highs, we must prepare for the pressure of each new high. Therefore, for contract users, the approach should be to prepare to enter long positions during the pullback phase after a new high is established, rather than chasing the high during the growth process. These are two different trading methods. What we pursue is right-side trading, not left-side trading; left-side trading is the form pursued by spot trading, buying low to do T. Everyone should not confuse spot with contracts; the current downward movement is the entry point for contracts; chasing long is the floating profit for spot, the averaging down point. The decline will not be too far; there is no need for everyone to worry.

Original article created by WeChat public account: Lao Cui Talks About Coins. For assistance, please contact directly.

Lao Cui's message: Investing is like playing chess; a master can see five, seven, or even ten moves ahead, while a novice can only see two or three moves. The master considers the overall situation and the big trend, not focusing on one piece or one area, aiming for the ultimate victory. The novice, however, fights for every inch, frequently switching between long and short, only competing for short-term gains, and often finds themselves trapped.

This material is for learning reference only and does not constitute trading advice. Trading based on this is at your own risk!

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