The market is a bit awkward right now, with BTC stuck around 116,000. I really don't know what to do next. I want to go long, but it's already risen by several thousand points, so I'm unsure. I want to go short, but I've heard that those long positions haven't been closed yet, so I'm hesitant to act rashly.

While PING is often considered the leader of x402, it actually has little to do with the goals and direction of the x402 protocol. Don't mistake the issuance method for the underlying logic. Trading is trading, and narrative is narrative. PING merely borrows the x402 narrative shell. While x402 is driving the market at breakneck speed, Binance's direct listing of Giggle spot trading has drawn everyone's attention back. The entire process was simple, relying on a solid strategy, and the timing was impeccable. The path forward is clear: how to mobilize sentiment and attract users back. So how long will it take for the next PALU and Binance Life to resemble Giggle?

In today's market, the best approach is to observe more and trade less. There's no reliable causal logic to whether the market rises or falls. Is it related to the US stock market? Yes, but it's not synchronized. Is it related to gold? Yes, but sometimes they rise and fall together, and sometimes the opposite happens. Is it related to news? Yes, but even the smallest event can cause the price to fluctuate by 200 points. The current market's ups and downs are all the result of exaggerated emotions, just like a woman throwing a tantrum. At this time, you can't judge whether your operations are correct or not, and you will only be trapped by this "irrational" market. Therefore, the best approach is to hold back and wait for this emotion to pass.

#bnb Don't chase the rally in the short term. The price has already peaked, signaling a sell-off. While there's been a lot of positive news lately, it's all intended to smooth the sell-off process. It's best to avoid it in the short term.

#LTC is starting to rise, and its ETF application is almost certain to be approved in October. At this point, as long as it can break through the previous high of 147, there's little resistance to further upward movement. The next major resistance is likely around 200. I've previously said that I'd keep an eye on LTC and #xrp in October. This is just the beginning, and XRP's recent correction is almost complete. Once it drops to around 2.6, you can enter the market.

While #ETH has rebounded, trading volume hasn't increased much, despite such a significant decline. This suggests this rebound was driven by liquidations by futures traders, not by active buying from large investors. Looking at the futures market: 1.177 billion yuan was liquidated in 24 hours, 90% of which was attributable to long positions. Since falling below 4,000, ETH has been steadily declining, suddenly dropping to 3,850 at 2:00 AM yesterday, though it quickly rebounded. I saw this late at night and called in some long positions, and I'm already making a profit. The next key thing is to see if the 4,000 level can be broken today. If not, I'll need to cash in my profits quickly to avoid potential losses.

No wonder #ftt is up, it turns out that man is back

Why did #ETH drop so sharply today? Ultimately, it's because of the flurry of GDP data and economic meetings this week. It's a well-known pattern in the market that every meeting always triggers a drop in the market. And every time the Federal Reserve holds a meeting, they always boast about how strong the economy is, only to have the data released later contradict them, finding it far from impressive. This week also features employment and GDP data, and judging by the current trends, these figures are likely to be disappointing. Consequently, the cryptocurrency market has been affected, experiencing a drop.

BTC's 4-hour chart shows a head-and-shoulders pattern. It's likely to fall back to around 113,500 before rebounding to 115,000. Looking at ETH, the price has fallen back to the 4,300 support level. If it rebounds to 4,400, it would be a good time to enter the short position.

AVAX's performance is quite interesting; the current chart is almost identical to the previous consolidation period. In the short term, it has broken through the resistance of the green moving average and has taken the previous high, shifting into a bullish trend. This round of market correction will likely unfold between 10.8 and 12.5, but in the meantime, the momentum in the altcoin market has already picked up. As long as AVAX can successfully break through the trend, $90 is a completely reasonable target. This trend is worth keeping a close eye on.