Biden dropped out of the election, and BTC crashed for a short time. Why?
Biden announced his withdrawal, but did not make it clear whether he was withdrawing from the entire election or from the nomination. The difference is that if he withdraws from the nomination, he can still be nominated again, but if he withdraws from the general election, he will completely withdraw from this election.
At the same time, BTC experienced a short-term flash crash, and there are two speculations:
1. Just a joke, Biden withdrew from the election, and his supporters sold their tokens in disappointment.
2. Seriously, Biden's withdrawal from the election will consolidate the possibility of Trump's victory again, and at the same time, Trump's expectations of good cryptocurrencies will slowly ferment again, which will inevitably help the market rise. Therefore, in the eyes of some institutions, it is now suitable to clear long positions and wait for the market to rise? The above two are speculations, and the real reason still needs to be scrutinized. Which one do you think it will be? At present, the second situation is more common. Biden's withdrawal from the election may increase the probability of Trump's victory again, and also increase the positive sentiment in the crypto market. At least the current rise in the price of 10-year US Treasury bonds is partly caused by this factor. It will depend on whether the US stock market will continue to follow this sentiment in the evening.
During the Biden administration, BN suffered from crazy suppression, paid huge fines, and was restricted from launching new products. Even CZ was arrested. However, after Trump came to power, it may not be a good thing for BN and OK, because Trump is famous for protecting his shortcomings. This is good for platforms in the United States. On the other hand, for OK and BN, Trump may take strong measures to suppress them, so it is bad news for platform coins.
But it is a great thing for DeFi and DEX related currencies in the United States. Because of Biden’s encryption control, project parties including NFT and DeFi have fled to other countries, and projects such as UNI have been warned by real name. Trump’s inauguration is likely to overturn Biden’s tone, which is good for DEX.
By the way, no one really shouted "waterfall" when BTC crashed last night. Yesterday's rebound was very fast in the short term. Although liquidity was lower on weekends, the reaction during US trading hours was still relatively fast. In this way, my second guess may not be without reason, right?
Next, rise
All the favorable factors are in place to help BTC break through 70,000. Four explosive positive news are coming!
1. This Thursday (July 25), the Bitcoin Conference will be held grandly. Trump will be present to give a speech on the spot. He may strongly support the development of the cryptocurrency circle and inject super momentum into the market!
2. This week, there is a high probability that key news about ETH’s ETF will be released, and the suspense will soon be revealed!
3. Musk changed his profile picture, which instantly reminded people of the bull market 4 years ago. Is history about to repeat itself? 4. Don't forget,
4. When Trump was elected, he directly cut interest rates to supplement liquidity, which brought significant benefits to the market! During Biden's term, BN suffered crazy suppression, paid huge fines, restricted new products, and even CZ was arrested. But after Trump came to power, it may not be a good thing for BN and OK, because Trump is famous for protecting his shortcomings. This is a good thing for platforms in the United States, and for DeFi and DEX related currencies in the United States. Because of Biden's encryption control, project parties including NFT and DeFi have fled to other countries, and projects such as UNI have been warned by real name. Trump's inauguration is likely to overturn Biden's tone, which is good for DEX.
Ethereum’s ETF will start trading tomorrow, and Biden has also officially issued a personal statement announcing his withdrawal from the election. I am looking forward to the future market trends.
Recently, few people have mentioned the second-layer network. This wave of callback of the second-layer network is indeed large, but the long-term benefits that the second-layer network brings to the ETH ecosystem cannot be ignored. This is also the reason why the second-layer network is relatively heavy.
As the first currency issued on the second-layer network, OP has a relatively high degree of consensus. Although each break of the previous high will trigger a wave of pullbacks, and although the process is very bumpy, the overall trend is a healthy upward trend.
As can be seen from the figure, the price of OP is constantly breaking historical highs, while the lows are gradually rising.
The market cleansing during this period was quite cruel, breaking the previous high three times and pulling back three times. It gave people the feeling that as long as the previous high was broken, there would be a pullback, and the amplitude of the pullback would be large.
This is fatal to those traders who are trying to find a sword by sticking to the feet. They think they have discovered the pattern of the main manipulator OP. The market is volatile. When you can see the pattern, you are closest to being deceived. The next time the previous high is broken, there may not be a chance of a pullback.
OP's pullback has ended this time, and it closed with a bullish engulfing pattern to stop the decline. The mid-term opportunity has arrived. The subsequent rise in Ethereum will inevitably drive the entire Ethereum ecosystem to rise.
The best time for long-term layout has been missed, so you can only do medium-term. After the decline stops, it will enter a period of volatility. The entire volatility range is an opportunity for layout. Do a good job in position management. I believe OP will not disappoint you next.
Of course, there are also many people who are not optimistic about the second-layer network because the pullback is too severe. These people only see the surface and think that rising is good and falling is bad, and they measure the value completely by the high or low price. It is because of this idea that they buy whoever rises and chase the rise and sell when the price falls. There is no such thing as early layout.
This wave of pullback has washed out those with weak wills. In addition, the current background trend is a bull market. Now is an opportunity and there is gold everywhere. Which ones are opportunities and which are risks depends on personal vision.
The bull market in the cryptocurrency world is on the rise again. The opportunity is right in front of us. Let us wait and see! BTC and ETH are definitely expected (BTC 100,000, ETH 10,000
), what about the copycat track and general growth opportunities? List some popular track projects. (Only personal recommendation)
L1：
Stable and conservative: bnb, sol, ton, inj. The reason for listing inj is because I am afraid of being criticized. In fact, bnb, sol, and ton are pretty good.
Radical, daring to pursue high returns: sei, ntrn, axl, saga, omni, bb, w, tia, sui, tao, etc.
Note: I have not listed many modular blockchain projects, but it does not mean that I am not optimistic about them.
GAMEFI: pixel, not, ace, portal, bigtime, ai (it is the web3+ai companion game platform, which can be studied in detail)
MEME：bome、ordi、sats
Why are only these three listed? And wif, pepe, floki, bonk are not included.
1. In the next major uptrend, I personally think that the potential of Bome, Ordi, and Sats will be higher than that of Wif, Pepe, Floki, etc.
2. Historical experience tells us that whenever BTC rises sharply and the market is extremely fomo, new awesome memes will always appear in the market.
(By the way, I forgot to write people in the meme track 😄)
AI track: This is a bit of a headache. Anyway, I haven’t seen any AI projects that are good in all aspects in the big firms.
I know some people will say wld, oh, wld unlocking is known to everyone. And, sol chain io? You can pay attention to it.
Ethereum ETF is coming soon! 5 cryptocurrencies will soar 100 times in the second half of the year!
1.SATS
The SATS coin is more than just a cryptocurrency. It is the perfect embodiment of decentralized, distributed currency driven by Satoshi Nakamoto, the inventor of Bitcoin, providing a more flexible, efficient and secure solution for transactions. As the ninth inscription token on the BRC-20 protocol, SATS represents a deep respect for Satoshi and aims to inspire infinite thinking about Bitcoin and its founder through its 1000x SATS design. This creative and entertaining design not only highlights the uniqueness of SATS, but also highlights its irreplaceable position in the crypto world.
The SATS weekly line is a big positive line, and the trading volume continues to increase. The weekly MACD shows insufficient downward momentum and is about to turn upward below the zero axis. The daily line is oscillating in a narrow range with shrinking sideways volume. This oscillating and accumulating trend will continue for a few days. If there is a pin-point retracement to the 2540-2300 area, remember to get on board.
2.ORDI
As the first BRC-20 token issued on the Bitcoin blockchain, ORDI has a total supply of 21,000,000. Its original intention was purely an experiment to test whether it is possible to achieve a homogeneous token similar to the Ethereum ERC-20 standard through the Ordinals theory.
ORDI's weekly line is also a positive line, and the trading volume continues to expand. The daily trend is very healthy. It has risen for a few days and then corrected. The MA30 line of the daily line has flattened. If it falls back to this line, you can buy it. The price is around 35.8.
3.SSV
The technical core of SSV coin is built on a decentralized, secure and efficient blockchain network. It uses advanced encryption algorithms and distributed ledger technology to ensure the security and anonymity of transactions. In addition, SSV coin also introduces a smart contract mechanism, allowing users to create and execute various complex transaction logics on the platform, greatly expanding the application scenarios of digital currency.
From the perspective of development prospects, SSV coin has great potential. With the maturity and popularization of blockchain technology, the application scenarios of digital currency will become more extensive. As a leader among them, SSV coin is expected to occupy an important market share in the future.
4.OP
Optimism enhances Ethereum's scalability by leveraging Optimistic Rollups to achieve high throughput and cost-effective transactions. With a transaction rate of approximately 4,000 transactions per second (TPS), Optimism is a powerful solution. The project has a large developer community, including 98 core developers. In March, OP hit an all-time high of around $4.85, but is currently trading at $1.95 with a market cap of $2.04 billion.
With strong technical fundamentals and clear objectives, OP is well positioned for the upcoming altcoin season. The current dip provides an attractive entry point for those interested in investing in innovative cryptocurrency solutions.
5.PEOPLE
PEOPLE coin belongs to the DeFi project, and DeFi is one of the hottest applications of blockchain technology at present, with broad prospects in the future. Due to the news effect of the Constitution Auction, PEOPLE coin has received widespread attention, and this exposure is very helpful in increasing the price of the coin. There is a huge community behind PEOPLE coin, and everyone works together to promote the development of the project.
The initial goal of PEOPLE coin is to auction the original Constitution, but how it will continue to develop in the future depends on the efforts and innovation of the community. PEOPLE coin is an interesting and promising cryptocurrency project. Although there are certain risks, if you can understand it in depth and invest carefully, you may get good returns.
