Powell is expected to make a dovish speech tonight

Hello everyone, today is July 9th, and Powell will speak tonight. At present, my personal opinion is that the speech tonight will be dovish.

The reason is the relationship between the non-agricultural data and the employment rate in those days. The employment rate released two days ago has reached 4.1%. The relationship between the employment rate and the interest rate cut is very large.

So what is the relationship between the employment rate and the interest rate cut? Let me tell you about it today.

The employment rate reflects the current economic situation in the United States. If the employment rate is greater than 4.3%, it means that the economy is in recession. The United States will take a series of economic measures to stimulate economic development. The current data has reached 4.1%, so Powell’s speech tonight will make a statement on the economic policy in the second half of the year. There is a high probability that interest rate cuts will be mentioned. If interest rate cuts are mentioned, it will have a significant positive impact on the market.

The current data are slowly improving, including the CPI data released on Thursday, which will be lower than the expected value of last month. There will not be too many reasons to postpone interest rate cuts or even interest rate hikes.

So the possibility of a dovish tone tonight is very high.

In such a panic period, the number of addresses holding more than 1,000 bitcoins increased by 36. Does it indicate the start of a bull market?
Hello everyone, today is July 8, 2024, and the market panic index has reached 28. The market is now in an extremely panic state. No matter whether it is new or old, no one is willing to take action now. The market is extremely lacking in liquidity and purchasing power.

And at this time, there is something worth pondering

According to the on-chain data, the number of whales holding more than 1,000 bitcoins increased by 36 yesterday. It should be noted here that this is not a simple increase of 36 addresses with 1,000 bitcoins, but more than 1,000, which means that there are other whales with 2,000, 3,000, and 10,000 bitcoins.

So, why do these whales choose to hoard a large number of coins at this time? Does it indicate the end of the wash? Is the difficult market about to usher in a turnaround?

According to the Bitcoin K-line chart

After two consecutive declines, and with the actions of the whales at this time, can it be considered that the market is about to usher in a wave of increases? If this batch of funds rushes into the market, will the problems of insufficient liquidity and purchasing power be solved?

Even if it does not come in the next two days, it can also show that the big funds in the market have made sufficient preparations.

At the same time, I will reveal to you a virtual coin that is very worth investing in recently, GFT.

Whether it is a virtual coin or any other coin, you should understand that the coin that can make money is a good coin.
This coin has not followed the market at present, and the current price has reached the bottom. In other words, their dealers are waiting for a wave of opportunities, and they can pass this coin after this rise. It is estimated that there will be 3-5% of income (guaranteed).

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The details will be explained to you in the next issue.

Bitcoin has fallen again to the support near 58,000, the effective support point of EMA200. Whether it will continue to rebound after falling to this position again this week needs real-time attention.
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Tomorrow is the first debate of the US presidential election. Will MAGA and other election concept coins rise?
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Bitcoin Price Prediction: Price Drops Below $65,000, Will Bearish Trend Reverse Today?

The current state of the cryptocurrency market, especially Bitcoin and Ethereum, has been refusing to give clear signs of “what’s next?”. Crypto World analyst Josh said that a major warning sign is flashing on the Bitcoin chart as the price is facing rejection from a key resistance area.
From the chart, the analyst noted that not much has changed in the past day. A key observation is the bullish trend of the US Dollar Index (DXY), which has made new highs in the short-term trend. This bullish trend in the US Dollar Index is a bearish sign for Bitcoin and cryptocurrencies, as historically, rising US Dollar Index correlates with falling Bitcoin prices.
The analyst explained that while we may still be in a larger bull market for a longer period, the short-term trend for Bitcoin is bearish. This bearish trend is expected to continue as long as the US Dollar Index remains bullish. For the short-term trend to turn bullish, the US Dollar Index must see a bearish reversal, which has not yet occurred.
What’s Next for Bitcoin?
Analyzing the Bitcoin daily chart, analysts observed resistance between $67,000 and $68,000, with pullbacks as prices approached that level. This indicates significant selling pressure in this resistance zone. Analysts advise against overly bullish moves until a breakout above $68,000 is confirmed. The key support levels to watch are between $63,000 and $64,000. If Bitcoin falls below $63,000, it could fall further to previous lows around $60,000, $58,000, and $56,000.
Despite these short-term bearish trends, analysts note that as long as Bitcoin remains above previous lows of $56,000 to $58,000, the larger bull run could remain intact. The market could be in a massive sideways consolidation similar to past patterns.

Bitcoin is 63500👀
$BTC

Bitcoin falls below 65,000, now is the time for Bitcoin price to recover

As the first half of the year draws to a close, the market is expected to see significant volatility. Recent price action shows that bears have a clear advantage, with Bitcoin prices falling below key support levels. Despite this, traders and institutions are cautious about the market outlook, while large investors, commonly known as "whales", are actively preparing for a bull market that has not yet begun.

A common concern among market participants is that Bitcoin prices have not triggered the expected strong rebound after a sharp correction. Typically, bulls will take the opportunity to buy tokens at a lower price when the price falls, thus driving the market back up quickly. However, after this correction, traders' confidence dropped significantly and the power of bulls was disrupted, causing the rebound process to slow down significantly.​

A well-known analyst named Willy Woo has shared an interesting reason why BTC price has not recovered after the pullback.

Bitcoin (BTC) prices have been in a relatively stable range over the past 100-plus days. Market analysts pointed out that the behavior of miners has had a significant impact on the recent price rebound. They believe that the existence of so-called “vulnerable miners”—those whose incomes fell by 50% after Bitcoin’s halving and who are unable to effectively cope with mining costs—is hindering hash rate recovery.

These miners had to sell their Bitcoins in order to make up for losses or perform hardware upgrades, which put huge selling pressure on the market. This selling pressure will only end when all these "weak miners" exit the market and only those well-funded miners remain. Historical data shows that in the two Bitcoin halving events in 2016 and 2020, the hash rate began to recover 24 days and 8 days after the halving respectively. This time, however, even 62 days after the halving, hashrate is still struggling to recover

Since late 2023, the hash rate briefly reached a high of 717B TH/s, but has since declined significantly and has never recovered to its previous levels. Therefore, analysts speculate that only when all "weak miners" completely exit the market will the hash rate be possible to recover, which will bring strong recovery momentum to Bitcoin prices.Until then, the market is likely to continue in a consolidation phase for an undetermined length of time.

Recently, the Pepe token has experienced severe market fluctuations, with its value once surging by more than 1,200%, reaching an all-time high of $0.00001725. However, this rapid growth was inevitably accompanied by a market correction, and the price of Pepe subsequently suffered a drop of more than 40%, hitting a low of $0.00000968 within a month. Nonetheless, the pullback in price seems to have breathed new life into the market, prompting the Pepe price to recover by around 20% and is now stable at around $0.00001175.
Currently, Pepe’s price is showing some signs of rebound, and the solidification of key support levels provides the basis for this rebound, keeping it in a positive trend. Market analysts expect that Pepe prices may form a "V-shaped" recovery model and is expected to challenge higher price targets. However, current trading dynamics suggest that sellers still have some influence over the market and may face greater downward pressure in the coming days.
Early in the second quarter, Pepe's price rebound formed a rising wedge pattern, but was followed by a significant bearish correction. Despite this, the price is still trading within a certain price range, bouncing off the important support level at $0.00001. Technical indicator MACD shows selling pressure easing, signaling a possible bullish crossover. However, the decrease in trading volume has caused concern in the market, as the buying volume on the day was significantly lower than the selling volume in the previous two days.
With sellers in the market remaining relatively passive, Pepe’s price is expected to continue rising above the 0.786 Fibonacci retracement level to reach $0.00001364. Once it finds solid support in the middle of the Bollinger Bands, the popular meme coin is poised to make a move towards its all-time high price. However, the resistance at $0.000016 may act as a hurdle and if the buyers can show enough strength, a refresh to new all-time highs above $0.000018 is also possible.
While the bullish outlook for a move toward new all-time highs exists, this is still a preliminary stage. To confirm this uptrend, Pepe price needs to reach $0.000013 before the end of the week. Failure to achieve this target may open bearish opportunities with the price stuck in consolidation for a longer period$PEPE

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DCA

DCA, or dollar-cost averaging, is a simple investing and trading strategy that involves investing a fixed amount of money in an asset like stocks or cryptocurrencies at regular intervals over a period of time.

Rather than trying to time the market by buying when prices are low and selling when prices are high, DCA involves buying consistently, whether prices are rising or falling. This helps spread your investments and can reduce your average purchase cost, which reduces the impact of market fluctuations on your overall investments. It's like taking small, steady steps toward your financial goals, rather than trying to take one big step all at once.

Let's take the price of Bitcoin as an example

Diving deeper into how DCA works:

Let's say you decide to invest $100 per week in buying Bitcoin for a month.

Week 1: The price of Bitcoin is $10,000 per BTC. With your $100, you can buy 0.01 BTC.

Week 2: The price drops to $8,000 per BTC. Now you can buy 0.0125 BTC with your $100.

Week 3: The price climbs to $12,000 per BTC. With $100, you can buy 0.0083 BTC.

Week 4: The price drops to $9,000 per BTC. With $100, you can buy 0.0111 BTC.

Investing $100 per week, you have accumulated a total of 0.0429 BTC after four weeks.

Now, let’s calculate the average price per Bitcoin:

Total investment amount: $400
Total Bitcoin purchases: 0.0429 BTC
Average price per Bitcoin: $400 / 0.0429 BTC ≈ $9,316.69 per BTC

Although the price of Bitcoin fluctuated this month, the average price per BTC you purchased through DCA was approximately $9,316.69. This shows that DCA can help you cope with Bitcoin’s price volatility and may produce a more favorable average price over time.

$BTC

As Bitcoin’s dominance increases, the altcoin market may be about to recover! Now is a good time to buy using the cost averaging method (DCA)! It is recommended to plan ahead!

The crypto market seems to be in trouble at present. Today, Bitcoin once soared to $67,000, but soon fell back to around $65,000, which suggests that there is a certain volatility in the market.

Mainstream coins are less affected

However, despite the volatility, the impact on Bitcoin and Ethereum is almost negligible compared to altcoins, and the situation of altcoins is more worrying. You can check the projects you invest in, and I believe you will find that the sharp decline of altcoins is very serious compared to Bitcoin.

In the current market environment, Bitcoin’s dominance has increased, and many altcoins, including popular coins such as Solana, Avalanche, Polygon and Chainlink, have fallen sharply. Even projects in the fields of artificial intelligence and games have declined.

At the same time, I also give some advice to people who want to invest in altcoins

I now recommend not giving up altcoins because now is not the best time to convert Bitcoin to altcoins, at least not an ideal time. As can be seen from previous historical cycles, the peak season of altcoins occurs at the end of the market cycle. In the last cycle, although Bitcoin performed well, altcoins did not rise sharply until the end of 2021.

A good time to invest in altcoins

At present, I personally think that now is a good time to buy stable altcoins using the cost averaging method (DCA), because the price of altcoins is relatively low now. Although it reflects the sluggish market, it is also a good time to start altcoins. It is expected that many altcoins will show signs of recovery in the near future.

However, although altcoins have the potential to rise in the future, it is definitely not a wise choice to convert Bitcoin into altcoins for investment at present.

If you can stay calm during the market downturn, you can gain wealth regardless of the bull market or bear market. It is especially important to always make your investment plan!

Click on the homepage to see the cost averaging method (CAD) using Bitcoin as an example
$BTC
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$MAGA is so strong, it dropped so much in the morning👍👍👍

Data collation: Daily digital currency dynamics summary (2024-03-28)
1. Grayscale: The cryptocurrency market is currently in the middle of a bull market, supported by strong fundamentals and technical factors.
2. Bitwise CIO: 3% Bitcoin allocation has become a new trend.
3. BlackRock CEO: Even if Ethereum is deemed a security, it is still possible to launch an Ethereum ETF.
4. BlackRock CEO: Even if the US SEC classifies cryptocurrencies as securities, it is still possible to launch an Ethereum ETF.
5. Report: Bitcoin mining profits in February exceeded January, and prices rose faster than computing power growth.
6. Wall Street investment bank Jefferies: Bitcoin mining profits in February were higher than in January.
7. Yingyu's board of directors has approved a budget of US$100 million to purchase cryptocurrencies.
8. Hong Kong Monetary Authority: It is expected that the digital RMB will further expand the scope of the pilot in Hong Kong.
9. HSBC's tokenized gold product is launched for Hong Kong retail investors
10. A US judge allowed the SEC to accuse Coinbase of failing to register as a securities business.
11. Dutch prosecutors seek 64-month prison sentence for Tornado Cash developer Alexey Pertsev.

Old Bitcoiners, have you received your salary? Have you gambled again?

These two coins can be looked at 🔥🔥🔥

The first coin to be highlighted is Not Coin, which is worth $0.02 and has a large position held by analysts. In the past month, Not Coin has consolidated and started to rise again, performing well from $0.005 to $0.02. Analysts believe that its market capitalization could reach $10 billion and could achieve a 5-fold increase by the end of the year, making it a solid choice for Bitcoin season.

The second coin is Turbo, an AI meme token. Analysts have invested $25,000 in Turbo, which has not yet shown strong performance but is expected to thrive in the upcoming meme craze phase. With a market capitalization of $317 million, Turbo is seen as a long-term hold with huge profit potential in the future.

Friends who want to communicate and learn together can see the work number (block first-hand knowledge) 👀🚀🚀🚀
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Latest reports from the cryptocurrency circle
★The market expects the Fed to cut interest rates once this year, and Bitcoin has fallen with the stock market
★OKXWeb3 wallet is now connected to the Chiliz and BOB networks
★Bernstein analysts raised the target price of Bitcoin to $200,000 by the end of 2025
★Bitget Wealth Management Treasure USDT current interest rate soared in a short period of time, temporarily reported
36.42% APR
★Greenpeace: Wall Street must be responsible for Bitcoin mining emissions
★Coolpad Group signed a HK$100 million contract to purchase crypto mining servers this month★Bernstein gave MicroStrategy an "outperform" rating, saying Bitcoin could reach $1 million in 10 years
#BTC☀ #降息预测

TON price prediction can rise another 40%, expected to reach $11🔥🔥🔥
For sharing only, not as an investment💵 suggestion👀
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Factors behind the rise of Toncoin

One of the main factors driving the rise of Toncoin is its solid market performance. According to data, the value of TON has risen by 5.7% in the past 24 hours, trading at $8.01 at the time of writing. This upward trend reflects investors' confidence in the project and market interest.

Market Analysis and Investor Outlook

Analysts are particularly bullish on Toncoin due to its solid fundamentals and the support of leading technology company Telegram. This relationship has increased TON's popularity and trust in the crypto community. In addition, the use of TD Sequential, a reliable technical indicator, supports Martinez's prediction of a short-term decline and subsequent sharp price increase.

Potential Investment Opportunity

For investors looking to take advantage of short-term price volatility, the expected drop to $7.2 could be an ideal entry point. Analysis suggests that a strategic entry at this level would yield significant gains as TON moves towards $11. Investors should carefully monitor these price levels and consider market conditions before making an investment decision.

Conclusion

All in all, Toncoin’s impressive year-to-date performance and bullish forecasts from analysts have solidified its position as a promising investment opportunity in the cryptocurrency space. While short-term volatility is expected, the long-term outlook remains positive. Investors should stay informed and consider strategic buying opportunities as Toncoin prices rise.

Toncoin (TON), the native cryptocurrency of the Open Network’s first-layer blockchain, has surged to a new all-time high. As of this writing, Toncoin is trading at $7.64, up 8.53% and with a market cap of $18.5 billion, ranking it as the ninth-largest cryptocurrency by market size.

Toncoin Challenges Dogecoin with Golden Cross Pattern

In technical chart patterns, Toncoin’s 50-day moving average indicator has crossed above its 200-day indicator, forming a golden cross pattern, indicating a possible long-term uptrend for the altcoin. Considering this golden cross pattern, the market sentiment for TON has turned bullish.

As shown in the above chart, the RSI indicator is also performing well at the 62 level, indicating that there is room for further gains before entering the overbought zone. In addition, TON’s social volume and social dominance have also been bullish over the past five days. A surge in social indicators usually precedes a market rally.

Meanwhile, the total number of TON holders has increased, indicating increased investor confidence. Currently, the immediate resistance for Toncoin’s price to rise is $8.0. Once this level is broken, further bullish action could lead to a price increase to $10 and above.

Strong Network Growth

The Toncoin blockchain network has achieved strong network growth by attracting more and more DeFi developers to the platform. In addition, the total locked value (TVL) on the Toncoin blockchain is close to $1 billion.

The number of active wallets on Toncoin has also increased dramatically, from 1.28 million at the beginning of 2024 to more than 8 million now. In addition, Toncoin has made great progress in the field of instant click-to-earn, competing with platforms such as Notcoin, which has more than 30 million users and a market capitalization of $1.8 billion.

One of the main contributors to the Toncoin ecosystem is TapSwap, which has a global user base of 49 million. In addition, its upcoming airdrop aims to increase user engagement by facilitating the exchange of tokens with fiat currencies. #Toncoin
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Wall Street forecasts for US CPI and core CPI suggest crypto markets are recovering 🔥

The CPI inflation data for May will be released by the Stats Bureau hours before the Fed’s rate decision on Wednesday, June 12. The data is crucial after last week’s better-than-expected US jobs data weakened bets on a Fed rate cut.

Wall Street giants such as JPMorgan Chase, Bank of America, Goldman Sachs, Morgan Stanley, Citi, UBS, Nomura, Royal Bank of Canada and Barclays expect the CPI to rise by 3.4%. Meanwhile, BNP Paribas, TD Bank and Wells Fargo predict that CPI inflation will fall to 3.3%.

According to economists’ forecasts, the annual CPI inflation rate will reach 3.4%, the same as last month. The monthly inflation rate is expected to fall to 0.1% from 0.3% last month. In addition, the annual core CPI is expected to fall to 3.5% from 3.6% last month, and the monthly core inflation rate is expected to remain stable at 0.3% after a sharp drop last month.
Inflation data estimates from Wall Street and economists all point to positive overall numbers, and market sentiment is rising. US stock index futures are stable today as investors prepare for the dual macro events of CPI and FOMC. Meanwhile, China announced lower-than-expected inflation.
Bitcoin traders focus on Fed rate cut in September
Banks predict that the Fed will start cutting interest rates in September. Cooling CPI inflation and PCE inflation confirm that the Fed will officially turn to rate hikes in September. Meanwhile, Fed Chairman Jerome Powell remains bullish on the state of the US economy and still expects the Fed to cut interest rates three times, although Fed swaps indicate two cuts.
The US dollar index (DXY) fell ahead of the announcement of CPI and the Fed's interest rate decision. It is currently fluctuating around 105.22 and may fall below 105 after the key macro event. CPI in line with market expectations may increase expectations of a rate cut in September, which may push Bitcoin prices higher.
In addition, the US 10-year Treasury yield (US10Y) pared its gains this week due to the positive sentiment of the market recovery and the fading of concerns caused by the release of last week's employment data. Bitcoin prices move in the opposite direction of U.S. Treasury yields and are expected to fall further as monetary policy tightening eases.

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