BTC plummeted, but I bought it. Will FTX really crash the market? PERP I get 2000% of the income directly

BTC plummeted last night and once again tested the low of $24,900 a month ago.

People were trembling early in the morning, thinking that the market might be even worse next! Now that we have completed the dive of 25,000 US dollars, we have the triple jump next: 22,000 US dollars - 20,000 US dollars - 16,000 US dollars.

The Air Force is working hard to reach the target by the end of the month!

Why did it plummet?

1. Macro data, inflation reversal?

Some people believe that the main reason for the plunge was a report released yesterday showing a reversal in inflation.

There is a popular saying in the industry, "In bull markets, you speculate on coins, but in bear markets, you mow your hair." Looking back now, the market situation is stagnant, and project parties are less enthusiastic about issuing coins. Only various L2 and new projects are extremely active, and they are constantly searching for gas fees from the scumbags.

The hair-raising party originally came to work with dreams in mind, hoping to get rich soon. However, if they failed to achieve their goals, they would be forced to have their hair masturbated, and they would either leave the job in a dark way or die in misery. For a time, the voices denigrating the hair-raising industry became more and more intense.​

The project party and the Maoist Party are involved in each other

The airdrop of ARB gave the bear market a shot of blood, and a large number of people rushed into the hairdressing track. As a result, there are more studios, more tutorials, and more wallet addresses, creating a scene of false prosperity on the entire chain.

introduction

Blockchain technology makes the data on the chain open, transparent and non-tamperable. Through visual and quantitative analysis of these data, various on-chain data indicators are formed. With the development of the blockchain and encryption market, unique on-chain data analysis will surely become a common tool like K-line technology. Understanding the essence behind the data and rationally using and combining indicators can better guide trading decisions.

This series mainly interprets various indicator charts on Glassnode, a professional analysis website on the chain, to help friends understand the essence behind the data, assist in judging big cycles, buy bottoms and tops, and discover trend opportunities. Generally speaking, consensus conclusions drawn from multiple indicators are more convincing. By combining and applying on-chain indicators from different dimensions, the market can be interpreted more comprehensively and more reliable judgments can be made.

introduction

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$TON——The open network, a project that almost no one cares about in the Chinese-speaking community, has been rising steadily despite market fluctuations recently, and its market value has quietly entered the top ten.

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What is TON? What is the difference from ordinary public chains? Why is it said to be the biological son of telegram? Today I will help you understand The Open Network.

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What is The Open Network?

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This question is best answered. I threw TON’s official 104-page white paper directly to GPT, and it told me:

It still feels like the familiar public chain white paper. Millions of transactions per second can be easily done. As for whether it can be done, there is currently no transaction volume on TON, so it must be unsatisfactory. Let’s take a closer look at its high-speed network. Construction is mainly achieved through parallel expansion. TON consists of a main chain (masterchain) and multiple work chains (workchains). Each work chain can be divided into multiple shard chains (shardchains).

1. Suppression by short sellers

Our previous analysis showed that the operating range of BTC should be between US$25,000 and US$26,800.

The same has been true for the past week.

The highest point of the market is in the middle of this operating range, which is exactly where the 20MA and 10MA suppress.

Judging from market sentiment and the market outlook, it is biased towards the short side and will continue to move downwards.

1. Financial market environment

DXY moved higher, reaching 104, the highest level in six months, and is testing the upper pressure level, with the possibility of a breakthrough.

Correspondingly, the U.S. stock market, which is inversely related to it, fell after reopening. The theory that the U.S. stock market has peaked is quite popular. Will it further collapse BTC? We will also talk about this topic tomorrow. If it really peaks, it will have a great impact on personal investment plans in the next six months. Please pay attention and subscribe, and don’t miss tomorrow’s in-depth analysis.

This weekend, the Twittersphere was flooded with a project called Tipcoin, which was even more popular than Friend.tech a while ago. "Why is everyone tweeting @tipcoineth?" When you ask, Tipcoin's viral marketing has been successful.

Everyone knows that players who participated in Friend early and purchased KOL shares made a lot of money. So, can Tipcoin, another phenomenal product, have a similar wealth effect?

First of all what is Tipcoin?

On September 1st, Tipcoin’s official Twitter account published its first tweet, stating the opening of the first TipCoin cycle and the registration URL, and concisely and clearly explained the project points acquisition rules in another Thread.