The recent decline in the cryptocurrency market is mainly caused by the following factors:
1. The US non-farm payrolls data exceeded expectations, leading to an increase in US Treasury yields, and expectations of interest rate cuts in July and September were ruled out.
2. French President Macron called for a surprise election, which led to a sharp drop in the euro against the US dollar, pushing the US dollar stronger and triggering risk aversion.
3. The market remained cautious before the Consumer Price Index (CPI) and the Federal Open Market Committee (FOMC) meeting.
4. Bitcoin ETFs began to see capital outflows, which may be investors reducing their risk exposure before important events. #美联储利率决策即将公布 #第55期新币挖矿IO #IO价格预测 If you can't find your way in the currency circle and don't know what currency to buy, click on my avatar and find me, and share more information and strategies related to the currency circle for free.
From the technical structure, in the four-hour chart, the Bollinger Bands are slightly open, the K-line is running below the middle track, the MACD double lines are crossing downward, and the short energy column is running in large volume. In the one-hour chart, the Bollinger Bands are running at a narrowing position, the K-line is also running below the middle track, the MACD double lines are running in an intersecting manner, and the short energy column is running in a shrinking volume.
Therefore, the intraday operation idea recommends a layout based on callbacks and low-multiples. The above analysis is for reference only, please refer to the actual market for specific operations. Follow to view the introduction, bull market strategy layout, share various passwords, and take you to learn more about 100x coins!
[BTC on-chain indicator update] BTC on-chain indicators show that the current market trend is very similar to the bull market in 2016-2017.
With the halving of BTC mining output, the market is experiencing a large cycle market trend similar to that time, and may have gradually returned.
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For the technical analysis of BAL, the following suggestions are made:
On the 1-hour chart, yellow dots have appeared on BAL, indicating that there are multiple buy signals.
At present, green dots have appeared on the market. The key is whether the price can stabilize at 2.607.
It is recommended to consider establishing long positions near the green dots, and pay attention to the pressure level around 3.082. The expected profit margin is about 18.20%.
Please pay close attention to technical indicators and market dynamics to confirm the validity of long signals.
At the same time, it is recommended to set an appropriate stop-loss strategy to manage potential risks.
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Recently, the Federal Reserve's net liquidity has seen the largest growth rate in 15 months. The last time a similar situation occurred, the price of Bitcoin rose by about 40% in a week.
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Bitcoin (BTC) bottomed out and rebounded, while Ethereum (ETH) is still gathering strength. Where are the short-selling opportunities today?
The market will never keep falling, nor will it keep rising. Currently, the market is in a news vacuum. Although the Ethereum ETF has not yet been launched, the SOL ETF approval is also pending, and there is no clear timetable for the US interest rate cut plan, the market seems to be gaining momentum. Exchange: eth6161
Everyone is looking forward to the rise, and as long as there is good news, the market may be ignited. I think the market will maintain a volatile trend, and Bitcoin will not reach $70,000 in the short term, but will fluctuate between $60,000 and $70,000. Bitcoin Analysis
At the 1-hour and 2-hour levels, Bitcoin began to pull back, and the 4-hour level showed a sideways state. Today, we need to pay attention to the support level of Bitcoin in the range of 62660-61900. As long as it does not fall below 62660, the 4-hour level is still in a bull market, and the market is likely to continue to rise. The upper target and resistance levels need to pay attention to 63365, 63800 and 64400. If it does not fall below the second support level of 61900 today, the daily level is still in a rebound market, and it is very likely to rise. If it falls below this position, the daily rebound fails and the market turns bearish. Pay attention to the support levels below 60960 and 60200.
Bloomberg ETF expert Eric Balchunas adjusted his expectations for Ethereum (ETH) spot ETF approval after following the latest developments from the SEC. He said on social media that due to the July 4 long weekend and the SEC staff's vacation, the approval is expected to be postponed until after the holiday, that is, after July 8. This prediction corrects his previous optimistic estimate that approval is expected before July 2.
Last month, Balchunas predicted that the ETF would be approved quickly based on the SEC's feedback on the S-1 documents of several financial giants. However, with the SEC's request for additional revisions to the documents, coupled with Chairman Gensler's public statement confirming that the approval is underway but the date is undetermined, market expectations have become more cautious.
Given the precedent of the successful approval of the Bitcoin (BTC) spot ETF, market expectations for the ETH ETF remain high, although the specific date still needs to wait for the SEC to complete the full disclosure review. At the same time, ETF applications for other crypto assets are also being actively prepared, such as the Solana (SOL) ETF, further highlighting the expansion potential of the crypto market.
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Most people do not have the ability to think independently, and every rebound will have the voice of "bull market return". However, the current 4-hour double moving average continues to move downward, and this rebound only broke through the 4-hour downward trend line.
To form an effective rise, it is necessary not only to confirm the effectiveness of the support through the right side retracement, but also to break through the starting point 64545 in large volume to have sufficient upward momentum.
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Solana, the US blue-chip public chain known as the "Ethereum killer", is currently one of the most watched Layer 1 public chains in the market. On the first day of July, the SOL token rose again, challenging the important mark of $150, and market sentiment reached a peak. Wall Street asset management giants began to apply to the United States for the listing of Solana spot ETF, which is seen as a buy signal for market makers that the future increase is expected to exceed Bitcoin.
At the end of January this year, a SOL long position with a nominal value of $400,000 was opened through 50x leverage. Although there were many uncertainties in the first 6 to 7 years of Ethereum's birth, Ethereum was attractive as a risky asset for many Bitcoin holders in the market. For this reason, many Bitcoin holders are willing to convert their holdings into Ethereum.
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WLD fell 13% today due to the news of the huge amount of unlocking, and the decline from the high point has reached 80%!
Starting from July 24, 622 WLD will be unlocked every day for 730 days. Who can bear such a huge amount of unlocking? The decline may exceed $AEVO! Continuous unlocking leads to negative declines, plus the current total market value of 23.6 billion and the circulating market value of only 600 million.
According to the current price, $15 million worth of tokens will be unlocked every day. After 730 days, the leeks may not dare to take this huge amount of selling!
Therefore, it is best not to touch the spot of this coin in the short term!
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How to prevent being "cut off" by market fluctuations:
1. **Diversified investment portfolio**: In order to reduce the risk of a single investment, it is essential to build a diversified investment portfolio. This means that you should allocate funds to different types of cryptocurrencies, blockchain projects, and decentralized finance (DeFi) products. With this diversified investment strategy, when the price of a certain asset falls, the appreciation of other assets can partially or completely offset the loss.
2. In-depth market research and continuous learning: The cryptocurrency circle is a rapidly developing field, with new technologies, new projects, and new strategies emerging in an endless stream. As an investor, it is crucial to maintain a keen insight into the market and a passion for continuous learning. By reading industry reports, participating in online seminars, paying attention to the views of professional media and analysts, and communicating with other investors, you can obtain valuable information to make smarter investment decisions.
3. Establish and follow risk management principles: Risk management is an indispensable part of the investment process. First, set a reasonable investment budget and strictly adhere to it. Second, learn to use stop loss orders to limit potential losses. In addition, it is also crucial to regularly evaluate your portfolio and adjust your investment strategy and asset allocation according to market conditions.
4. Seek professional guidance and community support: If you are new to cryptocurrency investment or find it difficult to cope with the complexity and uncertainty of the market, it is very helpful to seek professional guidance and join the investor community. Experienced consultants or investment coaches can provide you with targeted advice and strategies, while investor communities allow you to exchange experiences, share information and support each other with other investors.
5. Stay calm and rational: In the cryptocurrency market, price fluctuations are often very drastic. It is crucial to stay calm and rational when facing market fluctuations and uncertainties. Don't be affected by short-term market fluctuations, and stick to your investment strategies and principles.
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LBANK: The legendary journey of blockchain industry
In the world of blockchain, heroes emerge in large numbers and stories are legendary Among them, the rise of LBANK is a wonderful chapter. A company that has ranked among the top ten in the industry only half a year after its establishment, has experienced bull and bear markets for nine years and has supported more than 50 legal currency transactions including US dollars, euros, British pounds, Japanese yen, Canadian dollars, Australian dollars, Russian rubles, Indian rupees and UAE dirhams, becoming a leader in cryptocurrency exchanges. The era of retail investors and MEME In recent years, the blockchain industry has seen the emergence of various high-sounding narratives such as AI+Crypto, DEPIN, RWA, modularization, and Bitcoin Layer2. These concepts led by venture capital (VC) seem to have a bright future, but in fact they are more for hype. Retail investors have gradually realized that following VC hype is not only difficult to make a profit, but may also lead to huge losses. Therefore, in the mood of "no takeover", MEME has become a new choice.
7.1 Important events in the cryptocurrency circle:
Bitcoin rebounded and broke through $63,700, and Ethereum also broke through $3,500. The entire crypto market generally rose.
The U.S. Securities and Exchange Commission (SEC) returned the application for the Ethereum spot ETFs-1 form and proposed amendments.
Ethereum ecosystem tokens generally rose, including ENS, ENAZK and AEVO leading the rise.
Tokens in the cross-chain protocol sector, such as ZRO, AXLW and ZETA, also rose generally.
MEME tokens rose across the board, with the MEME coin PEIPEI on the Ethereum chain rising by more than 70%, and the MEME coin BAKED on the Solana chain also heated up rapidly.
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$0.70 has been confirmed as solid support, and significant volume changes suggest that we may reach the $1.8 target sooner than expected, especially if Bitcoin continues its upward trend.
Historical profits have grown 230%.
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When speculating in cryptocurrencies, we should focus on leading currencies, which are characterized by being independent of the market trend. When the market rises, it leads the rise; when the market pulls back, it shrinks and moves sideways; and when the market stabilizes, it continues to rise. In the current market, ENS is undoubtedly the strong leader of this round.
Many people frequently buy and sell in operations, which eventually leads to less and less funds, especially in the difficult market where Bitcoin has entered a box-shaped shock since mid-March and altcoins have fallen across the board, and they have suffered heavy losses. In the previous bull market, for retail investors who are not very skilled and cannot play with the band, choosing a bullish coin and holding it for a long time is the best strategy.
Although in this round of bull market, the sector leader has also experienced a sharp correction in special periods, if you are lucky enough to hold ENS, its current price is 32. On the basis of today's breakthrough of the box shock, the next step can be to pay attention to the upper weekly pressure level of 37. Pay attention to the introduction, the layout of the bull market strategy, share various passwords, and take you to learn more about 100-fold coins! #非农就业数据即将公布 #美国5月核心PCE物价指数年率增幅创2021年3月以来新低 #MiCA
Bitcoin (BTC) is on the rise again! Break through the shackles of thinking and explore the key market trends
July is here, and everyone in the cryptocurrency community is anxiously watching what’s happening with Bitcoin. This month could bring some big changes, but they may not be what everyone is expecting. The impact of Mt. Gox repayment on Bitcoin One of the biggest events affecting Bitcoin’s near-term prospects is the upcoming repayment of Mt. Gox, once the world’s largest Bitcoin exchange, which collapsed following a massive hack in 2014. After a decade, creditors are finally about to receive their long-awaited repayment of 140,000 Bitcoin (BTC), worth approximately $9 billion.
There is a high probability that the market will experience a market trend from July to November.
At present, the price of high-quality altcoins is at the bottom range. Ethereum's ETF funds have not yet entered the market, and market confidence still exists.
Worst plan:
1. If the market continues to fall in the second half of this year and the first quarter of next year, then give up!
2. This means that the main force is not even willing to let retail investors share a piece of the pie, so there is nothing to say, and the dealer can only hold their Bitcoin and Ethereum alone.
However, I always believe that the stage of sustained downturn is often the bud of opportunity. The emotions of retail investors and the state of the market will not lie.
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Yesterday, after the price of Bitcoin continued to consolidate around 61,300, it began to break upward in the early morning and showed a trend of increasing volume. The current price has climbed to around 63,600, breaking through the short-term resistance level of 62,500 that had been blocked many times before. The current market trend needs to pay attention to the following points: Short-term resistance range: 63,850-64,380 Short-term support range: 61,700-62,300 The short-term trend is expected to encounter resistance around 64,100 and fluctuate and fall.
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Yesterday, after $SOL submitted an ETF application, the price quickly rose from $137 to $151. Affected by this, the currencies in the SOL ecosystem exploded across the board.
Just submitting an ETF application has triggered an explosion across the board, which shows that there is still capital inflow in the market. After a few days of correction, we can continue to wait for SOL to break through its historical high.
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