#IO 9.29:BTC longs and shorts are struggling, and IO artificial intelligence will lead the future

BTC continues to stand firm above $65,000. From the perspective of its trend, there is no obvious selling pressure on the price, and the market is showing an active buying trend. This week, the BTC ETF fund inflow is significant, reaching $1.108 billion, corresponding to the purchase of 17,265.5 BTC. In fact, I have been expecting a short-term pullback, mainly because there are long positions holdings contracts worth more than $200 million to be liquidated below $62,000. Therefore, I have been defending against the overall market pullback caused by this short-term decline. Due to the complexity of institutions and individuals participating in BTC, the timing of market maker's trading operations is particularly important to avoid the situation where the selling pressure on chips cannot be recovered after the price drops, as the market is still hot.
However, everyone participates in Spot without worrying too much about the short-term pullback. For coin friends who are sensitive to prices, it is recommended to reduce positions when the price shows signs of weakness or shorts. This way, there is still room for maneuver in case of misjudgment. Of course, for medium and long-term holders, they can continue to hold their chips tightly and look forward to the hot moments above the new high. Continuously optimistic about BTC long positions, mainly because there is a lack of Unfavourable Information news and data that can cause significant retracements and declines in BTC. As the Fed will continue to implement two years of quantitative easing policy, the market needs new entry points for circulating funds, which is a positive attitude for cryptocurrencies. Moreover, there are currently no regulatory black swans, so sticking to the overall direction of pumping is definitely the right choice.
Yesterday, I recommended everyone to participate in the Spot of IO. The main reason is that this currency has been followed for a long time, and the price has hovered above 2.20 for the fourth time that day, showing a strong intention to break through the resistance and pump. In order to avoid being unable to provide a favorable entry position for everyone after the pull-up, the suggestion for direct participation was given at that time, followed by further analysis. Unfortunately, as soon as the entry price was reached, selling pressure caused the price to fall again, causing trouble for the coin friends who entered. The medal needs to provide more frequent value analysis to compensate for the coin friends. After all, apologies cannot solve the problem. I also thank the coin friends for their trust and support. I hope everyone can be more patient and wait. Currently, the IO's daily candlestick longs trend has not been disturbed. Let me explain the reason for recommending IO.
First of all, IO has a long-term advantage in project foundation. The first is that there has been no unlocked coin release in nearly eight months. io.net is the world's largest Decentralization artificial intelligence computing network, which allows machine learning engineers to access scalable distributed clusters at a small fraction of the cost of similar centralized services. io.net has the unique ability to create clusters containing tens of thousands of GPUs, whether they are located in the same location or geographically distributed, while also maintaining low latency for deployers. In addition to direct suppliers in the network, Render (focused on image rendering) and FIL (focused on storage), and other DePIN also provide their computing power to io.net for monetization from AI/ML companies.
IO and Tars collaborate to advance the development of AI networks for SOL, and also cooperate with phalaNetwork to enhance Decentralization artificial intelligence. This partnership will utilize NVIDIA's h100 or h200 high-end enterprise GPUs for hardware computing, bringing continuous Favourable Information to the project. We know that AI computing networks are the future trend, leading the development direction for the next few decades. With numerous layouts in enterprises and institutions, there is significant rise potential in value. Currently, IO's circulating Market Cap is only 240 million US dollars, belonging to the small and medium cap category. IO simultaneously launched on major mainstream platforms on June 10th, indicating high recognition by these platforms and possessing development advantages. After its launch on June 10th this year, it reached its highest point on the third day at 6.5. This means that it has not yet participated in the bull market process this year. Coins that have not participated in the bull market process like this usually have great potential.
From the perspective of the pattern, IO rose from the position of 1.6 to 2.55 in just 2 days and 8 hours on August 22, with a surge of 62%. The whole process was very active, with obvious dealer intervention signals. However, due to the BTC's pullback from 65000 to 52500, IO completely fell below the rising position. But currently, the price has continued to slightly move up, testing the shoulder of the peak on August 25, and the signal of further upward trend has emerged. Due to the oscillation around the position of 2.30 for more than two days, loss-making positions have accumulated, so it is normal for the price to test trapped sell-off and fall back. Everyone can understand the situation.
For friends who have entered at 2.30, it is recommended to wait patiently and hold. Take Margin Replenishment action below 1.90 to lower the average price to below 2.10. Remember, once Margin Replenishment is used, sell half of the Position after the Rebound reaches the average price, with the aim of keeping the average price down for backup space.
For coin friends who did not participate in the IO, it is recommended to enter the market in the support zone of 1.90-2.00 area, and to bravely perform Margin Replenishment below 1.80 (the Margin Replenishment positions given by the medal are near 10% below the entry positions). The short-term target is 2.30, the medium-term target is 2.90, and the long-term target is 5.0.
Due to the difference in this bull run from previous ones, there is a huge difference in the speed and amplitude of the currency's rise. For friends who want to seize the large increase, timely follow the medal, help you stand at a high place, and use a professional perspective to pursue wealth in the crypto world.