If this coin doesn't rise, I will live stream and eat food! Family members, this coin is about to usher in a big market, and the smart money is lying in wait!
Huge positive news for Bitcoin is coming, and this overlooked data may completely change the current situation!
So which coins should we buy at the bottom now, and what important events will happen in the cryptocurrency circle this week? Let’s follow Shuqin to find out~
First of all, the big bulls in the currency circle are likely to be unable to hold back and start at any time. You should know that the rise and fall of Bitcoin has never been driven by the halving of production alone. Its internal rise and fall is actually directly related to global liquidity. See the picture.
The blue line in the figure is the change chart of the world's money supply M2. You can clearly see that the peaks and troughs of the previous bull and bear markets are actually positively correlated with the world's money supply. In the recent first half of the year, the money supply was actually stagnant. No one had extra money to enter the market, so the cryptocurrency market has been holding up without any actual increase.
But now if you look again, the world's money supply has started to increase again.
In the past month, the global broad monetary base expanded by US$1.2 trillion, of which the Bank of Japan and the Central Bank of China printed US$400 billion and US$97 billion respectively. So although the Federal Reserve has not yet loosened its monetary policy, many countries can no longer hold on, and now that inflation in various countries has also come down, they no longer have any reason to suppress the market.
So now all countries have begun to release money to stimulate the economy. This will be a solid basic environment for the cryptocurrency market to gradually rise, because only when there is more money can the price of the currency see a real increase.
The Federal Reserve has also confirmed that it will start cutting interest rates on September 19, but the rate cut may only be 25 basis points. However, there will be a rate cut at every subsequent meeting to begin loosening the economy.
Therefore, I have no doubt that the trend of the cryptocurrency market will be bullish in the next two years, because whether the world enters an easy monetary policy or the Federal Reserve cuts interest rates, this will definitely promote the rise of various financial assets in the long run. Therefore, the result that our assets will triple or quadruple next year is certain, but there will be some twists and turns in the middle, so don't use high leverage for long-term holdings.
If you really want to increase your income, you can allocate some small coins with high volatility such as Pepe and Floki, which are naturally equipped with several times leverage, and because they are spot, you don’t need to pay funding fees or worry about liquidation.
However, some Dogecoins may perform poorly, so you should hold more than one to diversify your risk. In more professional terms, this means increasing the Sharpe ratio of your investment portfolio.
Speaking of the focus of this issue, these popular online coins are about to usher in huge short-term popularity. According to the latest agenda disclosure, Trump will have the first presidential debate with Hasli on September 10, which will definitely be the focus of the world, and it will only take a few weeks.
Therefore, related Meme coins such as People or Trump will usher in huge popularity in early September.
For example, during the Trump-Biden debate in June, People went from just over 0.07 to 0.1, a 30% increase. Now, People is in an absolute value trough, having fallen 70% from its previous high. I think this is a good range.
And judging from the K-line, it has completed the 5-wave rise and the ABC wave pullback, and now has formed a very solid W double bottom, and the shape looks very good.
Therefore, you can ambush on dips in the next two weeks, and then wait until September 10, the day of the defense, to cash in all your profits.
Because after that, it is very likely that the good news will be exhausted and it will start to pull back. You can even short a little bit, and you can get both long and short. Don’t be too happy! So those who know this news are picking up money for free. Why don’t you give Benqin a thumbs up? Vote for the creator to share 50000u
In addition, Ethereum’s Prague upgrade is getting closer and closer, and is expected to be carried out at the end of this year or early next year. Ethereum always starts to soar two months before the upgrade, and eventually ends up doubling in price!
This doubling means that it will break through the previous high and start to rise sharply. Coupled with the bull market expectations at the end of the year, this will be the beginning of Ethereum's complete take-off.
So instead of ambushing Avalanche or Near, which you don’t know whether they are beneficial, it is better to make a long-term layout on Ethereum, which is more stable. And if you add a safe 1x leverage, you can make more than 4 times the profit!
It's a coincidence that just after Benqin finished talking to you about Ethereum yesterday, it jumped up a lot. Congratulations if you have found an ambush treasure. Then Ton, which we asked you to buy at the bottom in the last issue, also performed well. It rose to 7u and it was so cool to escape the top. It was so cool to buy low and sell high.
In addition, the various price-pulling operations such as BNB starting Ton mining mentioned a few days ago have now been realized, and the increase is very good. Our patience has finally paid off!
I think Ethereum will fall back above 2600, or even more aggressively, 2640 is also worth a try. I hope the US stock market can open low and go high tonight, give me some support!
In this way, by taking advantage of the trend every day, we can try to double the principal before the bull market starts.
If you are interested in cryptocurrency operations or real-time hot topics, you can come and have a look.
Okay, let’s continue.
The cryptocurrency world will definitely not be peaceful this week, as there are several major events on Wall Street that are expected to break out this week.
The first one is the Federal Reserve meeting minutes released on Wednesday night, which is 2 a.m. Thursday. Then at 10 p.m. this Friday, Powell will give a speech at the global central bank conference. It can be said that each one is more important than the other, and the market will most likely fluctuate up and down.
I think we can use this volatility to do something. For example, short-term players can place the spot orders for Pepe that you hold at a higher price. Maybe a needle can help you stop profit at a high price.
Those who don’t have coins can place orders at low prices before Master Bao’s speech. Maybe one of his words will cause the market to fall. Hey, this way you can directly pick up chips at a low price, right? Right.
In fact, I think Powell may be dovish and change his attitude to pave the way for a rate cut in September, so the probability of a positive outcome is still quite high.
No matter what they say, the result is that interest rates will start to be cut in September, and other central banks in the world will also start to release money. The global environment will enter a loose cycle from now on, and the imbalance between supply and demand caused by the reduction in Bitcoin production will gradually become apparent. So hold on, the bull market in the cryptocurrency circle is not far away! Come on!
