Hello, fans and friends, welcome to the president's channel
Yesterday, Bitcoin started a straight upward trend, and many altcoins also pulled up. So what's the next step? Where should Bitcoin go? In the president's opinion, it has already rebounded from oversold, and further correction and pull-up is only a matter of time. In the next two months, there will be repeated shocks and wash-outs, but how much can it wash? In the president's opinion, the wash-out will not be much. At present, the altcoins have basically reached the bottom, how much can they go down? The newly issued coins have already broken the issue price. And many old coins are still at the starting line. As for Bitcoin, in the president's opinion, the price is at most 45,000 in the deep wash-out of these two months. Can it fall further? It's unrealistic. From the perspective of the profit and loss ratio, it is definitely a relatively sensible thing to sell in batches at ultra-low prices. The rise of the leading altcoins can be said to be the fastest and most rapid among all coins. If brothers can't find the leading altcoins in each track, you can look at the Chain Research Society, which will provide comprehensive teaching.
Now the president will take the brothers to look at the relatively valuable information from yesterday and today
According to on-chain monitoring, two new addresses have accumulated 10,798 ETH from exchanges in the past month, about 32.54 million US dollars, with an average transfer price of 3,258 US dollars. In the past hour, 4,472 ETH were withdrawn to the on-chain wallet (worth 13.41 million US dollars); these two addresses may belong to an institution, and 3,616 ETH have been pledged to the Ethereum beacon chain. Ethereum is one of the currencies that the president has always been very optimistic about. However, the Ethereum chain has not yet exploded. The president is also considering various factors. The main issues currently being considered are first the conversion of the POW mechanism to the POS mechanism, and secondly, the strong rise of SOL in this round of bull market has caused the decline of the ecological status of the Ethereum chain. So what's the next step? The president firmly believes that the Ethereum chain will have new power growth points and explosive growth.
There is another piece of news that deserves your attention.
Stephane Ouellette, CEO of FRNT Financial Inc., said traders may have overreacted to the Mt. Gox repayment incident. He said the German government's potential liquidation of $2.3 billion worth of Bitcoin poses a greater direct threat to the market. Not all of the Bitcoin they distribute will be sold, and the market is struggling to find a statement, while Bitcoin bulls are now salivating in the hope that this will be a great buying opportunity. In the president's opinion, neither of these two factors is enough to cause too much market volatility. They are just a small episode on the road ahead of the big bull.
In terms of contracts: The president’s suggestion is that you can basically start arranging your entry into the market. Go long at low levels for long-term contracts, and don’t make orders blindly for short-term contracts. The precise position will be given in the community later.
For the altcoins: Brothers can consider ambush in the AI sector, meme coins, RWA track, and try not to touch the altcoin contracts. Spot must also be equipped with a stop loss. Pepe is currently making frequent moves. Brothers can consider buying some Pepe coins appropriately, and don't be too greedy, don't think about eating a fat man in one bite.