It was inevitable, but today the US court suddenly dismissed the SEC's charges against Binance and CZ. This is a major positive in the industry. Money is more important than life. The US is just for sex. The rules of the capital market game are just an exchange of interests. It has nothing to do with the leeks to make a gesture of coercion and inducement to harvest the top. But we, the spectators, like to hear and enjoy the news, but we treat the tip of the knife as a relative, but we don't know that we are already on the chopping board. This round of Bitcoin's decline is still continuing. The daily level decline that we have been mentioning in our video program recently ended after it was close to MA200, that is, the low point of 58,402 US dollars, but this round of rebound is very weak. Patients have been insisting, and the days ahead are getting harder and harder. According to the guidance of the K-line Journey to the West strategy, the law of switching the direction of the time level, the daily level decline is often followed by a 4-hour level rebound, and the target of the rebound is 63,000 US dollars. But after reaching 62,000 USD, which is near the Sha Seng Yin line of the 4-hour rebound, the market entered a volatile phase. And it gradually weakened, so that we saw the second lowest point of 60,063 USD in the weekend market. This means that the 4-hour rebound of the Journey to the West basically failed. You should know that this round of 4-hour rebound only rebounded to the position of the Sha Seng Yang line. The Sha Seng Yang line represents our life, and our life is full of fluctuations. Therefore, the failure of the Sha Seng Yang line rebound means that the market has reopened a new downward model.
From the moving average system that everyone knows in the above picture, we can clearly see that MA5 and MA10 are crossing MA144 and MA169. This means that the time level of the decline in this round of market is likely to be magnified to the weekly level. If it enters the weekly decline, the tragedy of the currency circle will officially begin. We have also witnessed this scene from April to July in the middle of the Bitcoin bull market in 2021, when the maximum decline was as high as 55%. And this round, from the highest point of 73777 to the low point of 58402 a few days ago, the maximum decline of Bitcoin was only 20.9%. History will repeat itself, history will reappear, but history will only reappear in dislocation. The reappearance of history is often not within people's expectations, but when we look back on history, we can be very surprised to find that history has come out of reincarnation again. And in the reincarnation, we have no chance to distinguish right from wrong, just like a blind man touching an elephant, a blind man crossing a river, generally not knowing the depth of the water, nor the sky outside the well.
Although in a downward trend, there is no doubt that if Bitcoin falls below the daily MA200, that is, once it falls below $57,500. Then it will enter the golden pit market of this round of bull market, which is likely to happen in July. But you must know that October of each year is Bitcoin month, a high probability month of rising. This round of Bitcoin month is definitely an era for big cakes to let go of themselves. Just like the last round of market, old leeks, new leeks and daylilies will witness history again. This will make our generation of unfortunate people lucky again, and this will make our generation of lucky people unfortunate again. As the saying goes, yin is within yang, not opposite to yang, and the double-edged sword of the bull market will once again split the wealth that has been distributed 28 times. It is your generation and me who are waiting to see, but the only ones who let go are the post-Sigma people who have the courage and positions next month.
LISTA is a heavyweight currency that has just been launched on Binance in the liquidity mining DEFI sector. You can see that the investor is Binance Labs in the most important position on the official website, and then there are various partners and audits below. Then you can think that this currency will not return to zero, at least buying and selling is generally relatively safe. But things are unpredictable and thieves are unpredictable. Luna was also the focus of everyone's attention and ended up with a mess. From the 15-minute level in the above picture, I don't see Lista is stronger than Bitcoin, even at this lower level of time dimension. What we are seeing is that the 15-minute level MA5 and MA10 have crossed MA144, MA169, and MA200. This means that in the short term, LISTA is running towards a lower price.
Things that cannot be figured out from a technical perspective often need to be figured out from a logical perspective. This year, Binance launched multiple currencies through various postures, except for MEME coins, most of which are DEFI nesting dolls. This kind of decentralized financial product can easily produce unicorns in a short period of time. The unicorn we saw in 2021 is undoubtedly Uniswap, which still accounts for more than 85% of the DEFI market. Although Binance's own sons such as CAKE and BAKE did not succeed in breaking out of the circle in 2021. But you have to know that Binance's own sons are not just the eldest sons and grandsons, and the layers of descendants are rapidly iterating in the market.
At present, LisTA has a total of 1 billion, 230 million in circulation, and ranks 272nd in market value. As Binance's next-generation token, I personally think that the current price does not have any advantages. But if the price of LisTA can run below 0.3 US dollars with the decline of Bitcoin in this round, then Binance's next-generation big child, which was once high and far ahead, will definitely be very attractive in price. The Audi A7 of more than 700,000 is out of reach, while the Audi A7 of more than 400,000 is fragrant. If the logic is right, value will be generated.
Due to the limitation of my level, the K-line Journey to the West strategy is for reference only.
Not intended as a basis for investment.
