【Today's Market Analysis】
BTC began to rise gradually amid doubts. BTC has broken through 6.45w, ETH has also broken through 3.45k, and altcoins have also risen by 10%-20%.
Why did it rise?
(1) Powell's speech last night indicated that he would not wait until inflation reached 2% before cutting interest rates.
Powell's speech cleared an obstacle for interest rate cuts and increased expectations for interest rate cuts. In fact, interest rate cuts are a big positive if they are really cut, and speculation if they are not cut.
(2) Tether issued another 1 billion USDT after a month
Generally speaking, the issuance of U is due to large funds entering the market through over-the-counter transactions, so each large issuance of U is providing liquidity to the market.
(3) A source indicated that the ETH spot ETF will be launched on July 23.
The ETH ETF will become a carnival for altcoins.
Although there are many reasons for the rise, the fall may need a reason, that is: there are still 13 BTC in the Mentougou address.
So the current market is that you can neither be short nor long.
In terms of operation, we have always emphasized ETH and its ecological projects (ENS, SSV, UNI). These targets have always had good growth, but we are betting on the long-term ETH ETF expectations, so don't be left behind.
In terms of opportunities, Trump-related currencies have been frequently hyped recently, and the new vice president who supports encryption and the Bitcoin conference that Trump will participate in next have considerable room for hype. Within your tolerance range, you can make the following arrangements:
Trump (8.1995):
0x576e2BeD8F7b46D34016198911Cdf9886f78bea7
Maga (0.0002012):
0xD29DA236dd4AAc627346e1bBa06A619E8c22d7C5
PEOPLE (0.07424): Binance
