The market has been sideways for so long, what are you waiting for? ?
It has been falling sideways and has been going back and forth for a long time. What is going on?
Let’s do a brief analysis.
1) Uncertainty caused by the risk of U.S. debt default,
2) Game suspension in June
Because these two are the main emotions of the market. So let’s analyze the possibilities of these two issues
What is a U.S. Treasury default?
U.S. Treasury bonds are U.S. Treasury bonds. It is regarded as a safe asset by the world and is the cornerstone of the global financial system. Many countries, institutions, and individuals hold large amounts of U.S. Treasury securities.
If the United States defaults, there will be a direct financial crisis, liquidity will be drained, and all risky assets will be cut in half, such as the pie and Ether!
How big an impact does non-farm payrolls have on BTC?
Today I want to talk to you about non-agricultural data.
What is non-agricultural? We mainly reflect the economic trend of the United States. It is an important indicator for the United States to formulate monetary policy. It also serves as a basic early warning. Through such data, we can also understand the development of the U.S. economy and make investment decisions in the future. It is also helpful for investors to judge the market.
The first Friday of every month is called the Big Non-Farm Farm, and the following Fridays are all Small Non-Farm Farm.
Why is the first non-farm payroll data important?
Because the non-farm payrolls will be followed by CPI, and interest rate increases will begin.
Monkey has fallen close to 90% from its highest point to the current price of 27E. If the price is cut in half again to around 12E, do you still have illusions about the future of NFT? Are you planning to buy one of the 12E monkeys? ?
Robinhood Exchange removed ADA. matic coins, so they plummeted. The news came out yesterday, but the market did not respond and plummeted today. Really anxious.
Did the market yesterday feel strange? What kind of market is this? Is it a basket market?
The day before yesterday, the Air Force happily shouted for 10,000 BTC, but it turned off in the evening, and the Domestic Army directly asked for 30,000 BTC.
Why exactly? Obviously it was all bad news, so the SEC sued major exchanges, targeted various currencies, and even filed a seal against Binance US exchange.
These are all bad news, but the market has soared.
I went to the foreigner community and then to the Chinese community.
Of course it was an afterthought. I found out it was because
Leek retail investors actually united together to support CZ and Binance!
Why should you support it? Because your wealth is in it. . . .
So what’s next?
Just look at the general direction of the picture!
Last night, the market continued to drop due to the SEC's prosecution of CZ and Binance. Of course, this is not the main reason. The most important thing is the lack of blood in the market!
This is the point I mentioned in the article, and it is still above it. And my opinions in the group!
Of course, if you don’t agree with my point of view, then your point of view shall prevail!
After coming out of brc20, leeks began to advertise their VC kidneys!
It is advertised that the bull market will be started by leeks, fairness and decentralized consensus! Then the wealth creation effect of ORDI began to spread xxc20
Such as DRC20, SRC20, BRC20, FRC20, LRC20 and so on.
They are all afraid of missing out, so they spread it like crazy.
As a result, no one cares about various VC coins, and it is a stagnant water!
This is also a good thing, because the currency circle needs stories and new leeks to enter.
Of course, I have experienced all the above hot spots myself, and they have also been shipped😘
The overall feeling is that it is impossible to take away the VC's waist with this little power. It can only be said that new stories bring new leeks and provide VC with current dishes!
The next story still depends on when the United States will release funds and when there will be liquidity. It is unlikely to cut interest rates this year, which means that it will not release funds. There is hope that the water will be released from January to March next year, but there will definitely be a major recession before the water is released! My thoughts are a bit messy, I’ll sort them out separately later.