Hello everyone, I am Ali, from Wujie Club. Wujie Club is a crypto community club focusing on primary projects, secondary transactions, airdrop tutorials and on-chain capture. The club provides market analysis, trading strategies, the latest airdrop information and project investment opportunities, and is committed to helping club members obtain comprehensive information in the Crypto field.

1

Bitcoin price may repeat "Summer 2021" adjustment

Bitcoin whales are accumulators again, BTC still faces the risk of another sharp correction. Bitcoin (BTC) is currently at a "pivotal point" as multiple on-chain indicators suggest that the market may fall further. At the same time, whale-level investors (investors who hold a large amount of Bitcoin) are experiencing the fastest Bitcoin accumulation rate in more than a year. Bitcoin has been in a continuous downward trend since retreating from its all-time high in March this year. Its price action has formed a series of lower highs and lower lows in the past month, hitting a two-month low of $53,500 on July 5. Although Bitcoin rebounded above $57,000 at one point, the continued selling by the German government and the repayment pressure of Mt. Gox still threaten BTC with further losses.

Currently, the Bitcoin market is facing a critical turning point. The Profit and Loss (P&L) index is close to its 365-day moving average (MA). If it falls below this line, Bitcoin may suffer a major correction similar to the past. At the same time, CryptoQuant's Bitcoin Bull and Bear Cycle Indicator also warns that further price declines may trigger a bear market. These indicators are similar to the performance of past market adjustment periods, suggesting that the market may enter a downward phase. In addition, the stagnant growth of the market value of the stablecoin Tether (USDT) has further exacerbated market concerns. However, Bitcoin whale investors took advantage of the market decline to buy on dips and increased their holdings of Bitcoin by 6.3% in the past month, showing an increase in demand for Bitcoin at a lower level.

The Bitcoin market is currently at a critical turning point, with significant support from institutional investors despite facing a downward trend. Institutional investors injected large amounts of funds into spot Bitcoin ETFs when BTC prices fell to four-month lows, with net inflows occurring for several consecutive days, which alleviated the selling pressure to a certain extent and showed that BTC is in the financial mainstream. acceptance is enhanced. Technical analysis shows that Bitcoin faces short-term resistance at $59,000, which is suppressed by the 200-day simple moving average. Market bulls need to work hard to convert it into a support level to prevent further declines. Investors should pay close attention to changes in on-chain indicators and market sentiment.

2

Ethereum is about to rebound, and the 3.4K target is just around the corner

Three key Ethereum price indicators suggest that ETH is ready to rebound above $3,400. ETH prices suffered an 18% plunge in early July, hitting a low of $2,826, but then recovered and stabilized at $3,100. During this period, $313 million worth of leveraged long positions were liquidated, which undoubtedly brought some panic and investor disappointment to the market. However, judging from the latest on-chain and derivatives market indicators, Ethereum traders seem to be gradually regaining confidence.

Secondly, the outlook for Ethereum prices is positive: 40% of the supply of Ethereum has been locked in staking and DApps, showing the market's confidence in the Ethereum ecosystem. At the same time, the supply of Ethereum on exchanges has fallen over the past month, meaning that investors are under less pressure to sell in the short term. The total locked value (TVL) of the Ethereum network has stabilized at 17.7 million ETH, which highlights the resilience of the Ethereum ecosystem despite high transaction fees. Ethereum's Layer 2 activity continues to grow, especially Layer-2 ecosystems such as Arbitrum, Blast, and Base, which provide solutions for investors seeking lower fees. In contrast, competitors such as BNB Chain and Solana have seen a decline in trading volume.

In the derivatives market, despite the brief drop in Ethereum prices, derivatives trading did not show short-selling enthusiasm. The demand for call options far exceeded that for put options, indicating a neutral to bullish trend in the market. Combining on-chain data and derivatives market indicators, Ethereum's short-term outlook is positive and is expected to break through the $3,400 resistance level.

Today's recommendations: HIFI, FIDA, POLYX, and OG.

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HIFI

HIFI Coin is a digital currency based on blockchain technology, issued by a community called HiFi. The name HIFI comes from "High Fidelity", which means high fidelity. HIFI Coin aims to provide a better social experience, ensuring the high security and privacy of transmitted information and data through blockchain and smart contracts. Its issuance and transactions can be automatically executed through smart contracts without intermediaries. HIFI Coin has fast transaction speed, low transaction fees, and is very safe because it uses encryption technology and multi-signature functions. The current price is $0.436.

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TRUST

FIDA coin, also known as Bonfida, is a cryptocurrency issued on the Solana blockchain. FIDA coin is a network token in the Bonfida ecosystem, a project focused on the cryptocurrency exchange ecosystem. FIDA coin is not only a digital currency, but also a token with multiple functions. People who hold FIDA coins can provide opinions and suggestions on the decisions of the Bonfida platform through voting, helping the platform to better meet user needs. At present, many large market makers in the industry are using the Bonfda API, and the weekly demand growth rate has reached 25% in the past period of time. It is an important token in the Bonfida ecosystem with certain use value and potential. The current price is $0.246.

3

POLYX

POLYX is the native token of Polymath Network and the native token of Polymesh network. Polymesh is a blockchain platform focusing on the issuance of security tokens, aiming to ensure the compliance of issuers through its ST-20 protocol. POLYX is mainly used for governance, staking to protect the blockchain, and creating and managing security tokens. To support the security and stability of the blockchain. POLYX is a potential cryptocurrency, currently priced at $0.279.

4

AND

OG Coin, full name OG Fan Token, is a fan token for the sports competitive sector issued by Chiliz Chain, specifically the fan token of the OG e-sports team ("OG"). OG holders can vote on various binding "fan decisions" issued by OG through smart contracts. OG holders can participate in activities on Socios to receive rewards. In the future, OG can be staked to earn non-fungible token (NFT) rewards. As a fan token for the sports competitive sector issued by Chiliz Chain, OG Coin provides a new way for fans of e-sports teams to participate. The current price is $3.117.

Review of club recommendations

1.【acre】

Akro, as a leader in the Defi sector, has recently topped the list of gains again. Recently, many currencies in the Defi sector, such as Beta and Lever, have emerged and occupied a prominent position in the list of gains. For Akro, a small-cap currency that has no contracts on BN, our team gave a clear holding suggestion in the afternoon survey, that is, buy at around 0.0047. Soon after, Akro ushered in a wave of rapid growth, and the current price has climbed to 0.0056, an increase of more than 15%. We have once again successfully grasped the pulse of the market and accurately captured the hot spots.

2.【RAY】

Like AKRO, RAY is also a token project on Binance that only has spot but no contracts. As expected, this type of token is the easiest to rise, and you can also look for potential targets to ambush in this way. The club found that RAY has been consolidating at the bottom for too long and has signs of rising, so it chose to ambush. It is recommended to open a position at 1.5, and the highest rise is 1.81, an increase of more than 20%.

Anything produced by Wujie must be of high quality.

Unbounded Club is a crypto community club focusing on primary projects, secondary transactions, airdrop tutorials and on-chain capture. The club provides market analysis, trading strategies, the latest airdrop information and project investment opportunities, and is committed to helping club members obtain comprehensive information in the Crypto field.

Thank you for reading this. A-li is with you. I wish you a happy life. Good morning, good afternoon, good night, and see you next time. #CPI_BTC_Watch #Ethereum_ETFs_Expected_Date #BinanceTurns7 #US_Job_Market_Slowdown #ETH_ETFs_Approval_Predictions