Oops, are you feeling dizzy from the drop in your cryptocurrency investments? Don’t be discouraged, this is just a common occurrence after the halving event. The market is always noisy and carnival, but the price will not soar like a rocket, but will instead surprise people with a sharp drop.
But don’t worry, in the next six months, the supply reduction brought about by halving will quietly take effect, leading you step by step to the legendary bull market!
Starting from September, the market may have a shocking comeback! This recovery period is no joke, it may last for 3 to 6 months, and then... hey, there may be another thrilling adjustment waiting for you. Although history may not repeat itself, there are no big changes now to tell us what will be different this time. But don't forget, predicting the future is like guessing the lottery, no one dares to guarantee it!
We have given this weird situation a name - "bear market pit" or "liquidity grab". Look, what are those market leaders doing? They deliberately create a market decline in order to squeeze out more liquidity, so that everyone is scared out of their wits and sells their beloved cryptocurrencies. This forced selling is simply a "big meal" for the big players, making them buy happily.
Don't forget, 98% of the price of cryptocurrencies is driven by emotions, and only the pitiful 2% is based on fundamentals. So don't expect the market to suddenly become rational. If you are not the kind of big shot who can be patient and ready to invest for the long term, or if you don't have enough capital to influence the market, then I advise you to think twice before you act!
In this battlefield of the financial market, you must always be vigilant and never fall into these traps.
The 618 promotion event, the massive plunder of liquidity, led to the collective collapse of copycats!!!
Could it be that the market is coming? Auntie, the fluctuation is very small, why did the cottage market fall sharply?
The big cake auntie was weak in rising, and the copycat took the opportunity to clean up the market and complete the final stage of skyrocketing. At this time, those with poor psychological state would directly cut their losses and leave the market.
The current market situation is to make those undetermined holders sell at a loss. Over!
There are several reasons for this sharp drop in the Shanzhai market:
1. After the Bitcoin halving, the operating costs of mining companies have increased, and they need to sell Bitcoin to obtain operating funds or purchase new equipment to improve their mining capabilities. On the other hand, smaller mining companies may no longer be able to continue, and can only sell Bitcoin to take profits and close their mining operations. (This is why the mining difficulty has decreased, but miners continue to sell BTC)
2. The current market sentiment is pessimistic. Wall Street is not optimistic about altcoins. Bitcoin ETFs have a net outflow of $580 million in recent days.
3. Currently, there are too many new coins being launched too frequently. Every time Binance launches a new coin, the new coin will pull back. ZK, which was launched this time, is currently being criticized badly, and the new coins IO NOT BB ULTI that it has driven have fallen badly. In the final analysis, the valuation of new coins launched is too high, and there will be a continuous release later. This round of bull market has no good narrative, which has led to the market FOMO!
4. The dog dealer only sells and does not support the market! Most retail investors no longer care about altcoins!
Is the “618” copycat promotion also a turning point in the market?
Currently, the BTC on-chain indicator has once again fallen back to the 1.0 major support level. The black line in the figure is the BTC price; the orange line on-chain indicator is the ratio of the number of BTC in a floating profit state to the number of BTC in a floating loss state among the BTC held by short-term BTC holders (holding coins on the chain <155 days). In the bull market, this ratio = 1.0 is often a major support level.
Note: When the price of BTC at the time of its most recent movement on the chain is lower than the current price, the BTC is considered to be in a floating profit state; when the price of BTC at the time of its most recent movement on the chain is higher than the current price, the BTC is considered to be in a floating loss state.
The market will usher in a long adjustment, which may take about 1 month. The market is currently in the adjustment stage, and there is no obvious support signal. We can only leave it to time.
Compared with the contract to do more users
Most people should have left the market in the past two days or the past dark week.
Although there is a risk of being deeply trapped in the spot market, the cycle will bring us back to the battlefield
There's no chance of winning compared to leaving forever
Alive! I am lucky to be able to continue healing.
If you don't know how to screen strong coins, I suggest you follow me. Whether it is spot or contract, a little shot may be your limit. The opportunity is short, so you must seize it! Success does not depend on luck. Choice is greater than effort. The circle determines destiny. In the currency circle, in addition to having a keen eye for judging the situation, you must also keep up with a good team and a good leader. If you follow me, you are already halfway to success in the currency circle! Near Junyang + Wei: H98KK5
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#618大促 #美联储何时降息？
