Brothers, this is incredible. The Yitai spot ETF may really be officially launched on July 2nd. This is not something Tangren is making up.
The news comes from the judgment of Bloomberg analysts. As we all know, Bloomberg analysts are very professional in the industry and their predictions are very accurate. Maybe we can really see the Yitai ETF officially listed in early July.
Yesterday, affected by the negative impact of the Mentougou compensation incident, Bitcoin suffered a short-selling attack and fell to around 58,000. Fortunately, the copycat Bitcoin had fallen to the bottom and rebounded from an oversold level.
The rise of copycats has successfully brought Bitcoin back above 60,000, but judging from the volume, Bitcoin’s rebound is very weak, and it will be difficult to resume its upward momentum in a short period of time.
Fortunately, the Bitcoin ETF finally saw a net inflow yesterday. Although the net inflow was only US$31 million, it is already a good sign, indicating that funds in the Western market have begun to move.
Everyone knows that this round of bull market was started by the Bitcoin spot ETF attracting external funds, and the current sideways fluctuations are also caused by the stagnation of subsequent funds in the ETF, resulting in a lack of liquidity.
The next two important things will break the entire crypto circle. The first one is of course the listing of the Yitai spot ETF. Once the Yitai ETF starts operating, external funds will be absorbed. It is estimated that within the first five months of the listing of the Yitai ETF, the capital inflow will be between 3 billion and 5 billion US dollars.
The second is the Federal Reserve’s interest rate cut, which may start in September at the earliest or in November at the latest. Once the US Federal Reserve enters the interest rate cut cycle, the liquidity of the market will increase dramatically, and safe-haven assets will flee into the crypto market, marking the climax of the bull market.
Everything seems to be still far away, but Tangren wants to tell everyone: the market really does not leave us much time to make arrangements. If we cannot seize the opportunity to make arrangements in every round of pullback and decline, then this round of bull market will only leave you with a loss account due to your participation.
Tomorrow night at 8:30, it will be time for the release of the core PCE price index for the first quarter. If the PCE index shows a decline in inflation or a weak labor market, which will accelerate the time for interest rate cuts, the market will inevitably rise sharply, otherwise it will fall sharply.
It can be said that tomorrow night will be another big test. If Bitcoin can hold the 60,000 support level without breaking, then the next market will see a good rebound. In particular, the copycat sector, which is now at a low level, can be said to be an excellent opportunity to enter the market.
Today, another big VC project Blast announced its token model, and it won't be long before it comes out to suck blood. Regarding this kind of big VC project, Tangren has advised many times that there is really no need to participate. If you want to buy, just buy meme. Tangren believes that the meme sector is the main theme of retail speculation at this stage.
Whether it is the Golden Dog or the Local Dog, it has broken new highs time and time again, pulling everyone back from the disappointment in VC projects. If you really don’t know what to buy, just pick the leader of each ecosystem in the meme, as long as the market value is large.
Finally, let’s get back to the core. In a bull market, what to buy? How to buy? It is very important, but when to sell is more important. If you want to know more about the market interpretation and strategy, please follow me and find Tangren to play in the crypto circle together.
02 Chinatown Coin Hunt
Tangren’s interpretation of the market
Big cake: The market during the day is mainly a correction, and the four-hour line continues to weaken. The current market is not very clear. Continue to observe the situation of stabilizing above 61000. If it breaks, there is a possibility of a second bottoming out. The upper pressure level is 63300 and the support level is 60500.
Auntie: Ethereum did not perform very well during the day. It has not been able to close after falling below 3400. The short-term market basically follows the trend of Bitcoin. In the short term, pay attention to the position of 3320. If it falls below, it will continue to pull back. The upper pressure level is 3470. The support level is 3320.
In terms of cottage industry: the cottage industry has mixed ups and downs, and the overall trend is still a correction. In the past two days, I have been emphasizing that the market has not reversed. Bottom-fishing positions should be appropriately reduced to guard against the risk of a second bottom in the market. Continue to pay attention to the MEME and SOL ecological sectors and L2.
03 Chinatown Coin Hunt
Tangren Talks about Strategy
Since short-term strategies are time-sensitive and the market changes rapidly, many strategies cannot be shared with everyone in a timely manner. Therefore, you can find Tangren by reading the introduction on the homepage of the article and send a message to receive it.
The essence of Tangren's trading strategy: the first step is to determine the trading cycle, the second step is to confirm the trading direction, and the third step is to formulate a trading plan. The plan must clearly state: where to enter, why to enter, how much to enter, how to exit, where to exit, and why to exit?
What should you do if you get the market right? What should you do if you get it wrong? If you don’t understand the market, don’t give yourself problems.
Each of my plans includes three predetermined results: exit with a stop loss, exit with a breakeven, and exit with a profit. Regardless of the result, I will review and summarize the gains of this plan after the plan is completed.
