Firstly, I would like to say that the analysis is for reference only with neutral observation. I do not buy, do not hold, and have no intention of buying this token in the future, so I have no intention of fud or shilling anything.
From a technical perspective on the daily frame, there has been relatively sustainable upward momentum throughout the pre-market period, and there were 2 breakout days with a god candle on December 19, when spot trading began. When the price hit 1.65, it retraced due to decreasing demand, increasing supply, and additionally the BTC adjustment.

In the previous post, I presented the most optimistic and the worst-case scenarios for the market in the near future. It is quite concerning that the market is following the bad scenario I outlined (you can read the previous post on this page).
Currently, BTC.D is gradually rising, and USDT.D is also rising. These two indices are both increasing, while the price of BTC and the entire market is declining. What does this indicate?
Investors are starting to take profits on BTC, taking profits on altcoins after information released by the FED. Altcoins are not yet attractive enough to investors and have not drawn enough capital to create an Altcoin Season.

Old players fear the new players not entering; exchanges and funds fear players withdrawing their money and not playing anymore.
In the past few days, you might have heard people urging to hold this or that coin, as we are just at the start of the wave, with influencers encouraging others to get on board before missing out. It’s simple because whether you are in profit or at a loss, if you sell off and there are no new buyers, they can’t dump anywhere. This market always requires vigilance and caution.

I have sold everything $W . The issue is not that I criticize the Wormhole project or this token no longer has the potential to increase in value. But this W token is for those who accept being locked in for the long term, at least until the end of 2025.
On the strength side, the project has a real product, is invested in by major funds, leads in the cross-chain area, the current price is approaching the aggregated fund price, has a large community, and the next large token unlock will not happen until April next year.

Solana is more than just a name in the blockchain space. It represents the pinnacle of what modern blockchain can achieve in terms of speed, efficiency, and widespread utility.
However, Solana's brilliant achievements were sometimes overshadowed by the network's weaknesses. For example, the outage highlighted serious reliability issues, casting doubt on the network's ability to support critical financial infrastructure.

Market trends in the past day
Bitcoin price fluctuations are not too large, but altcoins and the entire market shake strongly, many altcoin prices fall sharply. BTC.Dom increased again, almost returning to the uptrend, altcoinss continued to delay for a while.
With the popular correction of altcoins being 15-20%, many altcoins have beautiful price bases, even more beautiful than when the BTC price hit 56.xxx$. People can consider DCA for previously held or peaked coins that have thoroughly researched the project, and avoid buying new coins to reduce risk.

Too many coins on the market make investors confused in making investment decisions, especially new ones. One of the biggest questions often asked is whether to invest in:
Old Coin: It has been released for a long time, there is little pressure to sell because most of the tokens have been unlocked, but the "story" is old, the product is not suitable for current market trends.
New Coin: Newly released, providing products that the market is in demand, but also under high selling pressure.

5 dangerous psychological "traps" in Bitcoin investment
FOMO (Fear of missing out) is the psychological syndrome of fear that you will miss out on opportunities or interesting things in Bitcoin investment. When a coin's price increases dramatically, many people tend to rush in with the desire to find profits. Remember, the moment you decide to buy a token, is also the time when many people want to do it, the market maker is sinister enough to know when that time is and you will liquidate them for them to sell.

Onchain data shows that $BTC 's recent buying force was not too strong, creating a bearish divergence. According to the trading volume of the past few days, the market next week will be quite gloomy with BTC's continued sideways trend and prosperity is expected to come around the end of June with a series of important macroeconomic news. important.
To ensure the safety of your account, our advice is to consider carefully when making trading decisions when BTC reaches $69,000 - $70,000. A good buying zone to make profits will be confirmed when BTC breaks out of this price range.

At the end of 2022, Fan tokens were also the focus of the market during the 2022 World Cup.
However, the price action of Fan tokens at that time, especially the lead-trend token $CHZ , "dumped strongly and drifted" from the opening day until the WC 2022 final.
Currently, the price behavior of $CHZ is somewhat similar to the 2022 period when the price increased 1 month before the opening day of the tournament.

On June 3, Binance officially delisted 4 projects including OMG, WAVES, WNXM and Xem from the exchange. It is worth mentioning that these 4 names have all been on the list of projects under "Monitoring Tags" for a long time and have many other things in common. Being delisted seems to be expected.
Which coins are at high risk of being delisted by Binance in the near future? 
Traveling (VGX)
The collapse of Luna (UST) resulted in Voyager having to announce bankruptcy after officially registering for Chapter 11 bankruptcy proceedings in May 2023.

In the volatile Crypto market, capital preservation is a prerequisite before setting further goals of 5 or 10 times profits. Most new players rush into the market without accumulating enough experience and the necessary observation time before pressing the button to buy a cryptocurrency.
Below are the experiences distilled from those who have suffered heavy losses, as well as those who have gained huge profits from this market on preserving capital and setting accounts at the highest level of safety.