As I said yesterday

If BTC can recover at 64,500

Then BTC will rebound to around 66,000

But I don’t think BTC will break through, I prefer BTC to continue to fluctuate in this range

What do you think

BTC fell to 52550 at the lowest, which was in line with expectations. It has now rebounded to around 54500.

Does this trend seem familiar?

At the beginning of last month, BTC once fell below the 50,000 mark, and then it took half a month to pull back to around 63,000. Then it continued to fall in the second half of the month, and fell below 53,000 yesterday.

A month has drawn a door, and it seems to have been supported at present.

I am personally more bullish, and I think BTC has a chance to follow the script of last month!!!

Binance is going to airdrop 1 million USDC!!!

Binance puts users and community first and protects the rights and interests of users and community!!!

Binance is constantly working to improve the clarity and transparency of communication with the community. Based on community feedback, Binance has updated this announcement to complement the increase in the total supply of SLF tokens after the brand upgrade.

Binance always puts user and community feedback first, and we will airdrop USDC to qualified users holding FRONT and SLF, which is sponsored by the SLF team.

The conditions are:
Qualified Binance users holding FRONT and/or SLF at the snapshot time will receive USDC from the 1,000,000 USDC pool, and the proportion will be allocated according to the holdings in their Binance wallets at the snapshot time;

The specific snapshot time is as follows:
FRONT snapshot time: 08:00 on August 28, 2024 (Eastern Time Zone 8)
Users' holdings in spot and fund wallets.

SLF snapshot time: 08:00 on September 2, 2024 (GMT+8)
Users’ positions in spot, funds, leverage and financial wallets.

Another Ethereum ETF application has been submitted!!!

According to official news, Australian asset management company Monochrome announced that it has jointly submitted an application with its entity partner Vasco Trustees Limited to list the Monochrome Ethereum ETF (code: IETH) on the Cboe Australia trading platform.

Although the performance of the ETH ETF has not met expectations in the short term, in the long run, the introduction of this financial instrument is seen as an important step for the cryptocurrency market to move towards the mainstream financial market.

Analysts believe that although the launch of the ETH ETF has started slowly, its existence itself has changed investors' perception of and investment methods for cryptocurrencies, and greater capital inflows are expected in the future.

BTC recent trend, and market analysis

Price dynamics: BTC's price has experienced fluctuations in the past 24 hours, and the current price is between $56,000 and $59,000. Specifically, the price rose from $56,187 to $58,519 at individual moments, reflecting the short-term volatility of the market.

Market sentiment: Market sentiment presents a cautiously optimistic attitude. Many analysts and traders mentioned that BTC has rebounded strongly after a period of decline or shock. This rebound is regarded by some as a pullback after a small-level secondary bottoming, showing the market's expectation of future price increases.

Technical analysis: Support level: Short-term support is mentioned between $56,000 and $56,700, and further support may be around $55,000. Resistance level: The upper resistance level is between $58,800 and $59,500, and breaking through these resistances may trigger further increases.

Oscillation range: At present, BTC seems to have formed an oscillation range between $56,000 and $59,000, and the market is waiting for a breakthrough signal. Trading strategy: Based on the analysis of the current market, it is recommended that traders be cautious to go long when the price approaches the support level, or consider going short or waiting when it approaches the resistance level.

Some analysis points out that if BTC cannot effectively fall below the support level of $56,000, the upward trend may continue.

Macroeconomic impact: Although not directly mentioned, the price of BTC is usually affected by global economic policies, the strength of the US dollar, and other macroeconomic factors. There is no clear macro news that directly affects today's market, but the market is always sensitive to future policy changes and economic data.

Future outlook: Some analysts believe that if BTC can break through the current resistance level, it may test higher price levels such as $62,000 or $66,000. However, in the short term, the market may continue to fluctuate in the current range until there is enough momentum to break through.

Overall, today's BTC market shows that the market is looking for a new direction after a period of uncertainty. Investors and traders need to pay close attention to changes in technical indicators and market sentiment to prepare for possible breakthroughs or further shocks.

Wall Street Journal: Fed Chairman Powell sends the strongest signal of rate cut so far

The Wall Street Journal disclosed that Fed Chairman Powell sent the strongest signal of rate cut so far, saying that the Fed intends to take action to prevent the US labor market from further weakening.

#BTC Recent trends, and some of my personal views

Price dynamics: As of August 23, 2024, the price of Bitcoin fluctuates between $59,000 and $61,000.

In the past 24 hours, the price has risen and fallen slightly, but overall, the price has fluctuated within this range.

Technical analysis: Support and resistance: Bitcoin prices have been blocked many times at the 0.618 position of the Fibonacci retracement (about $62,000), but the lows have gradually risen, which may suggest that bullish forces are accumulating.

Moving average test: Bitcoin is testing the EMA200 moving average on the 4-hour chart, which is regarded as the dividing line between long and short. Multiple tests have failed to break through, indicating that short pressure still exists, but the decline after each test is decreasing.

Market sentiment: Bullish sentiment: Some analysts believe that the rebound in prices and the gradual increase in support levels are signals of rising prices, and prices are expected to continue to challenge the upper boundary of the box.

Bearish sentiment: Despite bullish voices, some analysts pointed out that the failure of prices to break through key moving averages and Fibonacci resistance levels shows that the market's bullish power is not yet enough to drive prices up significantly.

Strategy recommendations: Short-term operations: Some users suggest going long when prices approach or break through the Fibonacci 0.618 position, but at the same time be wary of possible washouts. Long-term holding: Some users said they hold spot and believe that in the long run, the price of Bitcoin will continue to rise, despite large fluctuations in the short term.

Macro impact: Market volatility is closely related to macroeconomic data and policy changes. Recent market divergences and fluctuations may be related to changes in the external economic environment.

Overall, Bitcoin's recent trend has shown a volatile upward trend, and market sentiment has swung between bullishness and caution. Technical indicators show that although there is an intention to break upward, resistance is still obvious. Investors need to pay attention to key support and resistance levels, while considering the impact of macroeconomic factors. The current strategy may be short-term swing operations, while maintaining an optimistic attitude towards long-term value-added, but also be prepared to deal with possible pullbacks.

This article will help you understand the golden shovel of Binance investment and how to achieve high returns!

Solv is a protocol invested by Binance. The platform TVL has exceeded 1.4 billion US dollars and more than 20,000 BTC. The background and hard power are strong enough.

Solv is a decentralized Bitcoin reserve protocol that releases the full potential of Bitcoin assets through a liquidity consensus infrastructure.

SolvBTC / SolvBTC.BBN new mine launched by Solv protocol

Use SolvBTC or SolvBTC.BBN to participate in Mezo staking and directly start 2x mining. The conservative estimate of APY is 109%.

Tutorial:
1. Go to Mezo mezo.org/hodl-with/solv
2. Enter the password "SOLV1" and stake SolvBTC or SolvBTC.BBN

Rewards:
⁃ Solv points, SolvBTC 6xp, SolvBTC.BBN 12xp
⁃ Mezo basic mats reward (1000 mats/BTC)
⁃ Mezo lock-up acceleration reward
⁃ 2 months: 3x
⁃ 6 months: 10x
⁃ 9 months: 16x
⁃ Solv exclusive 2x mats acceleration

#Solv #SolvBTC #MtGox钱包动态

Mt. Gox Moves $784 Million in Bitcoin, Potential Completion to Creditors May Be Next.

Bankrupt cryptocurrency exchange Mt. Gox has moved a large amount of Bitcoin, about $784 million, to unknown and cold wallets. According to blockchain analytics firm Arkham, 12,000 BTC were moved to an unknown wallet and 1,264.69 BTC were moved to Mt. Gox's known cold wallets. The transfers are part of an ongoing reset to creditors, stemming from the massive losses caused by a 2014 security breach. The activity could indicate that a critical process is nearing completion.

Large amount of ETH transferred in! ! ! ! !

🚨🚨🚨🚨🚨🚨
51,200 (132,501,968 USD) #ETH transferred to Binance Beacon Deposit

BTC is constantly testing the 58,000 level. At present, the 58,000 level is still stable.

If 58,000 cannot be recovered, it will have to drop to 55,000 or 53,000.

I hope BTC can hold up, or just go for it!

The 2,500 ETH that the whale built in June has a floating loss of 2.19 million US dollars.

The whale transferred the 2,500 ETH that it built in June to CEX, with a floating loss of 2.19 million US dollars.

According to @ai_9684xtpa monitoring, 3 hours ago, a whale recharged 2,500 ETH (about 8.76 million US dollars) that it built in June this year at an average price of 3,503 US dollars into CEX. If all are sold, the loss will be 2.19 million US dollars, and the estimated loss is close to 25%.

Are the big whales going to be unable to bear it? ? ?

#ETH

Large amounts of BTC transferred to exchanges!!! Beware of risks!!!

Ceffu, Binance's institutional custodian, transferred 1,152 BTC to Binance 1 hour ago

On August 16, according to The Data Nerd, 1 hour ago, 1,152 BTC (about 67.42 million US dollars) were transferred from Ceffu, Binance's institutional custodian, to Binance.

Yesterday, the total net inflow of BTC spot ETFs was $11.11 million, and the net asset ratio reached 4.65%.

BTC spot ETFs have net inflows, but the price of the currency is falling. What does it mean?

As of August 15 (Eastern Time), Bitcoin spot ETFs have experienced a total net inflow of $11.11 million. Yesterday, Grayscale's ETF GBTC had a net outflow of $25.03 million, bringing the total net outflow of GBTC to $19.57 billion. Grayscale Bitcoin Mini Trust ETF BTC had a net inflow of $13.66 million, bringing the total net inflow of Grayscale Bitcoin Mini Trust ETF BTC to $288 million. The Bitcoin spot ETF with the highest net inflow on the day was Fidelity's ETF FBTC, which had a net inflow of $16.25 million on the day, and the total net inflow of FBTC reached $9.74 billion. As of now, the total net asset value of Bitcoin spot ETFs is $51.99 billion, and the ETF net asset ratio (the ratio of market value to the total market value of Bitcoin) has reached 4.65%. The historical cumulative net inflow reached US$17.33 billion.

Attention!!! Attention!!!

Grayscale is back!!!

Grayscale transferred $4.2 million of ETH to Flow Traders 25 minutes ago

According to Arkham data, the Grayscale address transferred 1601.6 ETH, about $4.2 million, to the market maker Flow Traders address about 25 minutes ago

#ETH

Retail data is bearish! ! ! The probability of a rate cut in September has greatly increased! ! !

The US retail data for July, which was just released, was 1% higher than expected and the previous month, and the core retail monthly rate was also higher than expected. At the same time, the number of initial unemployment claims that week was lower than the previous value and expectations. It is also very clever data. The strong retail data means that the US economy is still very strong, and the slightly lower initial unemployment claims further dispel the concerns about recession.

At least until next month's data, the market should no longer be entangled in whether there will be a recession. It is also the baseline judgment of the US economy in 24 years that some indicators may weaken, but it is far from a recession.

Coupled with the inflation data of the previous two days, the probability of a 25 basis point interest rate cut in September has greatly increased. The fundamentals of the economy are strong, and inflation is going down, so the pace of interest rate cuts will also ease.

BTC price falls, mining companies' profits fall! ! ! ! 1

Jefferies: US listed mining companies' Bitcoin mining profits fell in July, Marathon Digital's target price lowered to $17

Foresight News, according to Coindesk, Jefferies Investment Bank said in a report that as US listed mining companies added new capacity faster than the growth rate of network hash rate, and Bitcoin prices fell by more than 6% in July, their mining profits fell slightly from June. Jefferies lowered Marathon Digital's target share price from $22 to $17, but maintained a hold rating. The stock fell 0.7% to $15 in pre-market trading.

Last night, I reminded that a large amount of BTC was transferred to the exchange, and then the market crashed

Is it going to crash now? ? ? ? ?

The suspected Shenyu-related address deposited 200 WBTC to Binance 1 hour ago

On August 15, according to @ai_9684xtpa monitoring, Arkham marked as the Shenyu-related address 0x3f3...1D4F0 deposited 200 WBTC to Binance an hour ago, worth 11.7 million US dollars.

The address currently still holds 724.46 WBTC, and the wallet asset value is as high as 45.53 million US dollars.