Where is the future of the cryptocurrency world? Will the bull market come again?
Why is the price of the currency not rising even though Wall Street has been buying it? What is the real data in the market now?
Today I’m not going to talk about 50x coins. These are all practical stuff, valuable cryptocurrency data and coins that I’m optimistic about. I hope they’ll be helpful to you.
There is a famous saying in the cryptocurrency circle: As long as the U.S. stock market does not fall, the decline of Bitcoin is fake.
I think the data in the figure is very clear. Bitcoin and the Nasdaq stock market are completely positively correlated. The directions are basically the same, but the magnitudes are different.
They all fell sharply in March and April this year, but now the Nasdaq has completely emerged from the haze, breaking through its previous high and starting its bull journey. I will show you a clearer picture.
Right, that’s right, the Nasdaq really broke through.
Therefore, it is only a matter of time before Bitcoin breaks through and rebounds. And you know what, Wall Street institutions have really entered the market. Previously, the ETF has set a historical record of 19 consecutive days of net capital inflows.
The giant whales on the chain have also been gobbling up the chips of retail investors. All the bitcoins in the transactions have been almost emptied by them, but the price of the currency has not improved. This can only mean one thing: short-sighted retail investors are selling their profits, while the real smart money and Wall Street leaders are quietly hoarding coins, waiting for the next round of outbreak.
For example, MicroStrategy, a billionaire in the cryptocurrency world, announced that it would raise another $500 million in private placement to purchase more Bitcoin.
He can buy about 10,000 more coins, and he already holds 214,000 bitcoins now, so the current pullback is only temporary. Don't sell your precious chips to whales at a low price.
The CPI data, which the market is currently very worried about, has already reversed its downward trend and has fallen for two consecutive months.
And I believe it will continue to decline next month. After all, the United States has maintained ultra-high interest rates for so long, and it is really difficult for me to find a reason why inflation can continue to rise.
Plus, with the election coming up soon, Biden will definitely have to update the data, right? And if CPI falls for three consecutive times, both the cryptocurrency market and the US stock market will definitely be boosted, and the Federal Reserve will even cut interest rates once more this year.
And if you look at the core CPI it becomes even clearer.
It has been falling for 12 consecutive months, which shows that the Fed's policies are actually very effective. The inflation data that it values most, the core PCE consumer index, has also fallen for a year in a row, reaching 2.8%, which is very close to the normal value of 2.5%.
Therefore, the Fed’s QT quantitative tightening policy is already at its end, and massive money printing is not far away. Therefore, the bull market in the cryptocurrency circle is not a question of whether or not, but a question of when. So don’t be anxious, the bull market will come late but it will come!
The extra time during this period actually gives you precious opportunities to make money and increase your positions.
Although there are many potential projects in the market now, your timing of entry is also very critical. After all, you can buy more chips at a low price.
As I mentioned many times before, Ondo is now undergoing an ABC wave correction. You can see if the model next to it is accurate. It is quite valuable for reference, right? If this C wave comes out, it will most likely reach between 1.0 and 1.1.
In addition to the five-wave model, it also conforms to the consensus of breaking through and then pulling back to the previous high, so if it really comes here, you can go all in with confidence.
Ah, of course Shuqin is actually the same Fomo as everyone else. We had already bought the bottom when the initial wave A fell to 1.2, and then the wave B rebounded to 1.4, which was actually a good opportunity to take profit. But don't worry if you don't take profit. After waves ABC are over, the coin will rise even higher, to 2u, and it is expected to reach 5 to 10u at the peak of this bull market.
Then People is actually very similar to Ondo, both of them rise in five waves and then go through the ABC wave correction.
We have bottomed out at 0.1 three times before and took advantage of the B wave rebound. Now it’s back again. Shuqin has started to build positions above 0.1 again. However, if the final pullback position can reach around 0.085 of wave C, it will definitely be the most perfect trend.
But you also need to know that small coins have no human rights and they all depend on the mood of Bitcoin. Because the rise and fall of Bitcoin will forcibly change the trend of all small coins, so I suggest that everyone enter the market in batches, and do not buy at a high multiple, so as to leave yourself some retreat.
At the end of this month, there will be a debate of the US presidential election, and People, a coin with relevant connotations, should be a hot topic. In addition, I am optimistic about the future explosive power of Pepe, Floki, IO and WIF, because you have to know that you should buy coins when no one is interested, and now these coins are being discounted, so you can ambush them appropriately, and wait for the market to pick up in a few weeks, and they will explode again.
I now feel that Pepe’s 0.105 or so has really been pulled back. Yesterday it pulled back to the peak of the first wave, around 0.107, which is basically the bottom. It is difficult to fall too much below that. After consolidation, it is expected to start the fifth wave of rise and reach 0.2.
Like when we bought the bottom of various coins in April, we didn’t buy at the very tip. The coins fell again later and kept shaking at the bottom but didn’t rise. Many people despaired. As a result, everyone saw later that PEPE nearly quadrupled, and Ondo nearly tripled.
So now this torment, this familiar feeling of pressure has come again, and Shuqin feels as uncomfortable as everyone else. But believe me, after getting through this, he will have a bright future ahead of him, with a bright future full of stars and the sea!
Of course, if you want to follow my real-time operations every day, you can also come and have a look, because the market really has many profit opportunities every day, such as we entered the market at 3.4 on Tuesday's IO, and then we sold at 6u on Wednesday. You see, if you catch this wave, you can double your money in one day. Ondo and other stocks used to sell at close to 1.5, and now they are bought back at a low price. Some stocks are not easy to operate, so don't mess around by yourself. If you lose all your money before you remember it, it will be hard for even the gods to save you. So you can come and have a look to leave yourself some room.
Now, getting back to the topic, many people asked Shuqin when the Federal Reserve would cut interest rates. In fact, the interest rate market on Wall Street has already given us the answer.
There is a 63% probability that the Federal Reserve will start its first rate cut on September 19, and there is nearly a 50% probability of a second rate cut in December, and there is even a more than 20% probability of cutting rates three times.
The situation will be even more bullish next year. The interest rate will be cut basically at every meeting. By July next year, the interest rate will be cut five times, reaching 4%. Especially after the new leader takes office, there will be many economic stimulus policies, so the cryptocurrency circle will be smooth sailing in the future.
Now it is indeed a bit hard and tiring. The market has been flat and has not risen for a long time. But you know, it is very good now. Bitcoin is already 60,000 or 70,000, which was simply unimaginable a year or two ago.
Just now, USDT's parent company Tether issued another 1 billion USDT after 29 days! This means that some people have started to buy USDT with legal currency.
The last time additional issuance took place on May 15, the cryptocurrency market experienced a huge surge. Will this be another signal?
Smart money is patiently hoarding coins and waiting for the next wave of outbreak, so we must also remain patient, because the bull market often starts inadvertently!
