This morning we predicted that the Bitcoin market may experience a rebound and then fall back, and the market situation is in line with expectations
The BTC price rebounded to around $62,250, but it still failed to stabilize above $62,000.
We have mentioned many times that $62,000 is an important resistance level. Before breaking through this level, we still hold a cautious rebound bearish attitude.
In the afternoon market, the BTC price fell back to around $61,200 and stabilized and rebounded. This callback is a normal phenomenon and the strength will not be too large. The market is still optimistic about the rebound in the future.
From the 4-hour chart, the BTC price closed near the middle track after touching the upper track and is currently in a box oscillation range.
If the middle track support is broken, it may continue to fall. The KDJ indicator shows a dead cross and crosses downward, and the market trend is bearish.
The overall trend shows that the BTC price has touched the upper trend line many times and then pulled back downward, but it has rebounded every time it touches the lower track.
The $60,600 level is confirmed as a strong support, and you can consider going long at this position.
At the same time, the $62,000 level is a strong pressure, and you can consider going short at this position.
BTC afternoon strategy: Go short in the $61,400 to $61,900 range, with a target of $60,800. (The specific target is subject to actual trading)
BTC afternoon strategy: Go long in the $60,800 to $61,200 range, with a target of $61,800. (The specific target is subject to actual trading) #BTC☀
Why do some people still lose money in a bull market?
📈 Despite the bull market, many people still fall into a loss situation. The main reason is that they are too chasing short-term gains, trading frequently, and missing the opportunity to hold for the long term.
💸 Some people see a project suddenly rise, and they are eager to enter the market, hoping to make a quick profit.
However, this kind of chasing behavior is often accompanied by high risks. Once the market pulls back, it is easy to be trapped at a high position.
💡 Excessive frequent trading is also an important reason for losses.
Frequent buying and selling not only increases transaction costs, but also makes it easy for people to make emotional trading decisions.
Once the market fluctuates, many people will rush out, causing unnecessary losses.
💎 The right approach should be to stay calm and rational.
In a bull market, it is a more stable strategy to find potential projects and hold them for a long time.
Don't be affected by short-term fluctuations, believe in your choice and hold firmly.
💼 In addition, it is also crucial to formulate a reasonable investment plan.
Before investing, you need to conduct sufficient research and analysis to ensure that you understand the risks and return potential of the project.
At the same time, develop an investment strategy that suits you based on your personal financial situation and risk tolerance. 🔔 Finally, avoid blindly following the trend. The market is full of various voices and information, but you need to learn to distinguish the true from the false and not be swayed by the opinions of others. #币安合约锦标赛 #以太坊ETF批准预期 #Mt.Gox将启动偿还计划
Important events in the cryptocurrency field in July
In the coming July, the highly anticipated cryptocurrency field will usher in two major events: The launch of Ethereum ETF:
The launch of Ethereum exchange-traded funds (ETFs) provides investors with an opportunity to deploy leading projects in the Ethereum ecosystem when the market pulls back.
This opportunity allows investors to optimize their portfolios, seize opportunities, and exchange; BNB9978 , and achieve a transition from losses to profits.
Trump may attend the BTC 2024 conference:
Former President Trump may appear at the Bitcoin Conference in Nashville on July 25, which will become one of the most eye-catching Bitcoin-related events this year.
After the market adjustment in June, the market development prospects in July are full of expectations, and investors should take advantage of the current pullback opportunities to make strategic layouts.
The arrival of these two events not only provides new opportunities for investors, but also injects more uncertainty and expectations into the cryptocurrency market. #Mt.Gox将启动偿还计划 #美国PCE数据将公布 #币安合约锦标赛
The chairman of the U.S. Securities and Exchange Commission (SEC) revealed that the approval of Ethereum's spot exchange-traded fund (ETF) is progressing smoothly and is expected to disclose relevant information before July 4.
Looking back at the disclosure of the ETF news last month, the price of Ethereum soared by thousands of points in a short period of time, and market sentiment was high. Today, investors generally speculate that if the ETF is successfully approved, Ethereum is likely to usher in a price surge again.
The approval of Ethereum's ETF is progressing smoothly, and the market is full of expectations for its future.
#BTC Six ways to control risk when trading cryptocurrencies:
1. Divide the funds into five equal parts, invest only one-fifth of them each time, and set a stop loss line of 10 points. Even if you miss once, you will only lose 2% of the total funds, and you must miss five times to lose 10% of the total funds.
2. Act according to market trends and follow the trend. In a downward trend, each rebound is regarded as an opportunity to lure more; in an upward trend, each callback may be a golden buying point.
3. Avoid involving individual currencies that have skyrocketed in the short term, such as BNB9978, because high-level stagflation often means a future decline.
4. Use the MACD indicator to determine the timing of buying and selling.
Solid buying signals include the DIF line and the DEA line forming a golden cross below the 0 axis and breaking through the 0 axis upward; the signal for reducing positions is that the MACD forms a dead cross above the 0 axis and runs downward.
5. Never increase your position when you are losing money, but consider increasing your position when you are making a profit.
At the same time, pay attention to the importance of volume and price indicators: a large-volume breakthrough during low-level consolidation may be a buy signal, and a large-volume stagnation during high-level consolidation may be a sell signal.
Only choose strong currencies with value in an upward trend for operation.
6. Adhere to weekly trading review and adjust trading strategies in time. #MegadropLista
It is under great pressure, and it is also the target position. Ether needs to take more profits and leave. Go out of the pressure zone and add it back
The target is reached, and you can expect a callback. Don't buy a villa near the sea
According to the resonance position given a few days ago, friends who make callbacks should move according to the position of Figure 1 #ETH🔥🔥🔥🔥
The bull market in the cryptocurrency market is still going on. Short-term corrections should not lead to premature conclusions that the bull market has ended. Everyone should maintain confidence.
July or August is a good time to buy the bottom. Although mainstream cryptocurrencies such as Bitcoin and Ethereum may perform flat, altcoins may be a good time to invest. #币安合约锦标赛 #Mt.Gox将启动偿还计划 #以太坊ETF批准预期
The chairman of the U.S. Securities and Exchange Commission (SEC) expects that the spot Ethereum ETF will be listed as early as September.
However, before that, the exact listing time of the Ethereum ETF has been an unsolved mystery.
There were earlier rumors that the Ethereum ETF might be approved in the summer, but the delay made people feel like they were deliberately creating suspense.
However, the positive news is that the approval of the Ethereum ETF has become a fact.
Although it may take some time from approval to listing, exchange; BNB9978 But as the saying goes, "good things take time."
Looking back at the approval of the Bitcoin ETF, it was listed in just one week, which makes people look forward to the listing of the Ethereum ETF and look forward to good news from the market.
At present, the market is focusing on Solana (SOL) and its related ecological currencies. Although the Ethereum ETF has not yet been realized, these hypes have made Solana and its surrounding ecological currencies rise again.
Selecting coins is our strong point, and making money is just a by-product. The password will be announced in my circle of good friends. Click my avatar to see my information. Communicate together, free password #MegadropLista #币安合约锦标赛 #以太坊ETF批准预期
There are a lot of counter-orders in the market now, and these orders are not ordinary retail investors, but transactions between dealers.
We need to wait and see what happens next.
It is possible that VC projects will continue to struggle or decline, while stalk projects may explode and attract a large number of new users.
Different exchanges have different genes, and some exchanges support VC projects more, which is their characteristic.
Therefore, if you want to go long on Ratcoin, you must take these inherent risks into account, and you need to evaluate rationally and treat it with caution.
If you have been chasing ups and downs, often being trapped, and have no latest news in the currency circle, friends who have no direction, follow me to check the top #美国PCE数据将公布 #美联储何时降息? #以太坊ETF批准预期
When the price of Bitcoin fell below $60,000, the panic index dropped to 30 and finally stabilized at $58,378.
In the case of a continued bull market, the bottom price will usually be gradually raised.
Therefore, $58,378 can be used as an important observation indicator.
As long as the price does not fall below this level, the logic of the continued rise of the bull market and the continuous rise of the bottom will be established.
Although this time may be different from previous cycles, exchanges; BNB9978 But it has been more than three months since the adjustment of the big cake, from the perspective of time, chip collection and decline, it should be enough. In the absence of a black swan event, it is highly unlikely to fall below $58,378 again.
Regarding the Ethereum spot ETF market, it is expected to be approved and officially launched on July 4.
Sun Ge has recently increased his holdings significantly. Last night, the chairman of the SEC said that everything is going well and it is expected that about $2.8 billion of funds will flow in after it is passed.
Before the ETF is launched, the exchange rate of Ethereum to Bitcoin may remain strong.
On the Fed side, Cook said inflation will continue to fall and expects the cooling to accelerate next year, so it will be appropriate to cut interest rates at some point.
The market generally expects the next round of gains to be close to the Fed's rate cut cycle.
Currently, about $7 trillion of funds are locked in the banking system with interest rates as high as 5.5%.
Once the Fed starts to cut interest rates, a large amount of funds may flow out of the banking system and enter the market for purchases, which is also one of the logics of the bull market.
In a bull market, it is normal for prices to rise and fall, so the current strategy is to wait for the market direction.
If you want to know more about the relevant knowledge of the currency circle and the first-hand cutting-edge information, click on the avatar to follow me, professional investment research for twelve years, your 24-hour wealth appreciation expert, free guidance home page introduction #币安合约锦标赛 #Meme板块普涨 #美联储何时降息?
Currently, the Bitcoin market is in a state of volatility, with prices fluctuating within a certain range and showing no obvious upward or downward trend.
This state of volatility usually reflects the balance of market forces, with neither obviously strong buying power nor significant selling pressure. #以太坊ETF批准预期 #Mt.Gox将启动偿还计划
Compared with the previous three halving cycles, the current price of Bitcoin can be seen as the early stage of the bull market, and it has only gone through one-third of the journey. The market is still at the bottom, and the real big market may still be behind.
It is recommended to hold your coins steadily and not be easily affected or thrown off by market fluctuations. #以太坊ETF批准预期 #Mt.Gox将启动偿还计划
From the end of last year to the beginning of this year, $KAS led a wave of POW market (including $QUBIC and $SMH). From a hindsight perspective, $KAS should be the main line at the time, an external overflow of the BTC market, rather than a POW version of the "Renaissance".
Recently, $KAS has started to start again, but other mining machine stocks have not kept up, but have continued to fall. This confirms this observation to a certain extent.
The next wave of POW feast may still need the dual drive of BTC and $KAS. #以太坊ETF批准预期 #