Regarding the evening data, the published value is not very important. In theory, it is positive if it is higher than expected, and the market expectation is 3.6, and it is negative if it is lower than expected. However, after each data is released, the market maker’s pull-up and dumping actually have little to do with the data source, it depends on the market maker’s mood, so don’t worry too much about whether the data is positive or negative. We follow the principle of buying on dips to gain the Cancun narrative and the halving hype in the second half of this year!

I personally think that before the hype of Bitcoin halving ends, the market is a process of shock upward, and the final target position is above 40,000. Then, after the hype of halving ends, it will fall back to around 20,000 within a month, or even bottom out below 20,000! Then the big bull market started. At present, many people think that Bitcoin will plummet to 25,000 or below. I think the possibility is very small, unless there is another black swan event. The recent CRV thunder actually has limited impact on Bitcoin. Therefore, Bitcoin is more likely to continue to fluctuate around 30,000 and 2,000 dollars. Until the arrival of the Cancun upgrade narrative, Bitcoin will first be pulled up to the range of 35,000~40,000. Then, the halving will start to hype, and then push the price above 40,000. In the end, the high point of Bitcoin before the end of the halving hype, I expect it to be around 45,000, which is close to last year’s high of 48,000!

Favorable events in August: These coins have opportunities!

August 7MTRG--Change the token economic model (good)

MTRG is a second-layer Ethereum network created by Chinese. The project will hold a governance vote on token model changes on August 7. The vote is to cancel the 5% annual inflation of tokens and set a cap on the total amount of MTRG tokens.

GNS--Released new version v6.4 (good news)

GNS is a decentralized leveraged trading platform. The project will release a new version on August 7.

ARK and 21Shares Bitcoin Spot ETF Application Results Released on August 13

On August 13, the US SEC will decide whether to approve ARK and 21Shares' Bitcoin spot ETF applications. The possibility of approval is relatively small, accounting for less than 30%. If the Bitcoin spot ETF is approved, Bitcoin will usher in a huge surge, directly reaching more than 31,000!

Are there any other opportunities with more potential?

High returns are one of the key reasons why most people enter the cryptocurrency circle, and many people also enter after the bull market begins, so 80% of these people are destined to become "leeks"

For those who came in after 2020, those who came in 2018-2019 definitely have a great advantage. Whether it is technology, cognition, or mentality, they are better than the new leeks, so the probability of making money is also greater.

Those who are still in the cryptocurrency circle now, or those who just entered the cryptocurrency circle this year, will definitely have an advantage over the new leeks who will enter in 2024. This is for sure.

Since you have an advantage, the best thing to do is to expand the advantage and ensure that you can have a stable and very satisfactory return in the next bull market.

As the saying goes: Know yourself and know your enemy, and you will never be defeated in a hundred battles; if you expect a 30-fold return in the next bull market, you must understand some of the common features of these currencies. Only when you have enough information, you will dare to buy boldly, hold for a long time, not be affected by external news, and firmly believe in yourself.

FTT

According to the logic of FTT, there will be another wave. From the previous few waves of FTT to now, every round has been caught, because the main force of FTT currency moves very regularly. The daily line mouse warehouse absorbs for half a month, releases good news, and ships. You can ambush one hand

WHAT

The market value is high, having risen more than 100 times. Currently, KAS has a market value of 750 million US dollars, ranking around 60th. The market valuation of the technical team and computing power growth is already relatively sufficient. Future growth requires stronger expectations to support it.

The potential selling pressure of tokens is relatively large. Early miners hold a large number of low-priced chips, and there is also continuous daily output. If they are sold, it will cause a large price impact.

DNX

The technical features of dnx coins include smart contracts, on-chain governance, and anonymous transactions. Among them, smart contracts are the core of dnx coins, which provide developers with a fast and efficient way to build blockchain-based applications. In addition, dnx coins also provide a decentralized financial platform that provides a range of financial services such as reinsurance, micro-insurance, p2p loans, etc.

LTC halving is over, how will BCH perform in the next halving?

From the figure, we can see that BCH quickly came to the upper pressure level and began to adjust. The upper side is also the pressure level formed by the entire previous bull market. Such a large pressure level is impossible to break through this time. After all, it is not a big bull market yet, so it is normal to encounter pressure and adjust. However, the time for this adjustment should be very long.

BCH has been fluctuating at the bottom for nearly a year since it hit bottom last year, disappointing all investors who were optimistic about BCH. After switching to other currencies, it took only two weeks to rise directly to 329, catching everyone off guard. There was no sign before the pull-up.

Many retail investors think that after all currencies have risen, a pullback is an opportunity to enter the market. This view requires a comprehensive understanding of the currency and a correct judgment of the trend. If it is a bull market, there is no problem in entering the market when the market is pulled back, provided that the decline is stopped. However, the current market has only emerged from the bear market and has not yet entered the bull market, so people with such thinking will be trapped. Take the currencies that rose well at the beginning of the year, such as CFX, OP, DYDX, etc. People who entered the market when these currencies pulled back were trapped at high levels.

After this wave of rise, BCH began to pull back. So far, there is no sign of stopping the decline. The property of BCH is to rise and fall sharply, and then fluctuate for a long time before rising again. After this wave of rise, BCH will most likely have another wave of increase before halving, but how much it can increase and when it will increase depends on the strength of this correction and the duration of the fluctuation.

Those who are profitable should be willing to take profits, and those who are trapped should dare to stop losses. If BCH continues to pull up in the next bull market, those who are trapped will miss the entire bull market.

Finally, there are still many things that are not written down, such as specific opportunities and specific decisions. These things are often not something that can be summarized in one article.