It's my view, my timing is that there will be a correction when BTC completes wave 5 of the big wave 3, followed by a big wave 4, I just draw the ABC symbol (this phase can last until September-October and then a big wave 5 (real bull-run)
Why do I predict the bull-run in September-October, because the peak of wave 3 (100 days) is similar to the previous cycle and there needs to be an accumulation period (but I think it won't be too long).
If the drawing is too difficult to understand, you can comment below so we can discuss
I just found out some statistics about the cost of mining BTC
Before the halving, this cost was only around 60k. After the halving, it did not jump to double because of the latency of real time data, and now it is almost double the cost before the halving. This cost seems to include the depreciation cost of their machinery
In case BTC drops more than 60k, surely most miners are ready to shut down and use that money to buy BTC So according to my reasoning, if there is a decrease of more than 60k, within 2 weeks the price will return to above 60k.
The third index in the figure, the smaller it is than 1, the better
Once upon a time, when the #Airdrop forrest are not so crowded, projects tend to giving out a chunk of their supply to users even though they don't do anything đ.
Fast foward to present time, now projects basically said "Farm it Btch! Maybe you won't get it, maybe you will"
The #Airdrop meta have changed a lot now, some interesting insight I found is that now projects have to share up to 10% supply for CEX listing, hence reduce the amount of supply get distributed to "loyal users".
But nevertheless, the #Airdrop Frenzy will go on for the near Future after so many recent success airdrop like $TIA , $JTO , ...
Imagine $BTC is a ginormous cake, after "halving", this cake get smaller, specifically in this case, after a "halving" event, the ammount of new pieces coming out of the cake will be cut in half.
ETFs (Exchange-Traded Fund), just think of them as a big group of rich people want to buy this cake everyday. They are really interest in the cake and have the money to spend on it, hence the cake will get smaller and smaller in time.
I am not certain how things would work out, but I'm sure the value of the cake will rise up as the supply of the cake will gradually decrease after every halving event.
Some good signs is Grayscale's flow have reverse from selling to buying last week.
I have had a profit like this, although it is not much, at this stage I have not suffered a loss on my initial capital.
The time I bought these tokens was not during the bull-run period of 11/2023, but because of constantly checking on-chain + analyzing related metrics (TA, Raise Fund, Team activities).
Comment on the token you are following so I can give my analysis on it , even $BTC $ETH $SOL #Uptrend #binance