Bitcoin fell to 65,700 at 2 a.m.
Then it rebounded immediately and soared to 68,400.
What do you think of this week's market and how should we operate?
Two major events this week, both of which are positive.
(1) On Thursday, July 25, a Bitcoin conference will be held. Trump will attend and give a speech on the last day. Trump will call for BTC, saying that he wants to make the United States a leading country in the cryptocurrency industry and support everyone's wallet self-management rights, which is good for the cryptocurrency circle.
(2) ETH's ETF is about to be launched. Some people are worried that Grayscale will "dump the market" again. But I would like to say a few things:
It is not Grayscale that is dumping the market, but its users. Grayscale itself hardly holds ETH.
Previous "dumps" were mostly due to the high handling fees of GBTC, and investors turned to other ETFs.
This time, Grayscale's ETHE handling fees are not low, but they launched the Mini ETF ETH, hoping to reduce the selling pressure.
Although there is a saying that "all good news is bad news", I don't think ETH will fall as much as BTC because of the launch of the ETF.
Some people say that the price of ETH has reflected the positive news, and the positive news is negative news. This is totally wrong! Just like BTC, after the correction period ends, it is often a new high. For ETH, the real positive news is the real money and silver that will flow into the market after the ETF is passed, and the purchasing power it brings is the real positive news. Don't miss the market because of illusions! ,
The current BTC price is $68,000, and it will reach the previous high by another 10%. The pressure is still very high. The more BTC rises, the greater the risk of copycats. In addition, the Mentougou incident has not been completely handled. It is recommended to hold a maximum of 50% of the position, so that you can attack or defend. The currency circle is optimistic in the long term, and there are some negative factors in the short term. If you decide to go all-in, you must bear the risk of going all-in. Don't lose control of your mentality, don't curse, and don't sell at a loss. Returns and risks are always positively correlated. If your position is close to all-in, BCH opens some short orders to hedge the risk of Mentougou. Two major economic data will be released this week. Both are negative and negative, and negative and positive.
Today, I define the god of 100x coins: After the advent of ETH ETF, I have the confidence to capture the next god-level N-fold coin and earn more than 1kw on a single currency. As a proof, like and comment to reduce the level by 168
