Jinqunqun official account: Why bother to talk about coins

Whales are out, $31 million in stablecoins are deployed!
Tweet content:
The recent drop in crypto asset prices has caused a panic in the market, but whales with vision never show mercy! A whale just withdrew $31 million worth of stablecoins from Aave and quickly deposited them into Bybit. This wave of operations is not accidental. On May 3 and August 8, the whale also did the same thing - buying on dips and ambushing accurately!
The actions of whales often reveal the potential trend of the market, and there may be a wave of market conditions that are about to explode. Smart money has already begun to lay out, are you still waiting?

Taiko mainnet has been launched with over 110 million transactions and has achieved profitability

According to the news on August 28, Taiko mainnet has been launched with over 110 million transactions and its daily transaction volume has reached 2,000,000. It has attracted about 1,200,000 unique wallet addresses and has integrated over 100 dApps. Data shows that Taiko achieved profitability within 90 days of its Rollups-based mainnet launch.

FET
It indicates the top divergence risk of FET at the 1H level, and also indicates the short-term opportunity of quick entry and exit near 1.27. From the final result, the price rebounded by 6%+ at 1.275, providing a good short-term space, and the top divergence risk of 1H is still continuing.

According to the current market structure analysis, the overall market rhythm has entered a shock adjustment phase, and the dynamics tend to be stable. Although the market tested and confirmed the support level of 62,700 points several times yesterday, the price has fallen slightly in the short term, but the strength of the correction has weakened compared with the previous one, and the recent low has not been broken again. Therefore, we expect the market to have a small correction, but the space for the correction is limited. At noon, we are still mainly long.

What you are speculating in cryptocurrencies is your mentality

Currency trading is a psychological game, a competition of intelligence among millions of people, and a fierce psychological war. The fluctuations in the cryptocurrency market reflect the psychological changes of both parties to the transaction to a certain extent. To a certain extent, what you are speculating in cryptocurrencies is your psychological quality. In the long run, most of the ultimate winners in the cryptocurrency market are those with high psychological quality and a calmer mentality.

Cryptocurrency trading started with curiosity and interest, then technology, then surprise, unique vision, judgment, wisdom, and finally mentality and realm.

It feels like the market sentiment has turned a bit bad because of the TON incident, because if it is confirmed that the United States is behind the arrests and the goal is to continue economic sanctions, then $TON and the ecosystem may be difficult to avoid being affected.
Once TON is labeled as non-compliant like Tornado back then, and even becomes a game field between the United States and Russia, it is possible that Binance will be forced to delist.
Binance's support for the TON ecosystem over the past period of time is obvious to all, but if it rises to the level of compliance, after all, cz has just repaired relations with the United States after being imprisoned, and the compliance department is still recruiting people, maybe it will have to give up reluctantly.
$TON, which I bought at the bottom in the morning, ran away first. After all, going head-on with the Americans and France are two different things. Now there is a lot of support for Durov, and we will see how the follow-up progresses before making plans.

Dovey Wan, founding partner of Primitive Ventures, published an article on the X platform, emphasizing that Ethereum's success stems from its solid community and leadership support. She believes that although the process is full of challenges, it is essential to building a decentralized and resilient technology system. Dovey pointed out that the Ethereum ecosystem is undergoing a transformation similar to the historical separation of church and state, strengthening itself through power decentralization and ideological diversity. She particularly pointed out that in the face of public challenges, including Vitalik himself, she is more optimistic about the prospects of ETH.

On Friday, the Federal Reserve finally gave in and started cutting interest rates in September as scheduled; it was time to end everything; as soon as this was said, the market's expectations of a rate cut were released on a large scale, and the cryptocurrency market also surged immediately. However, Lao Peng would like to remind everyone to pay attention to some details:

First, the current trend is based on expectations. The subsequent issue is whether the rate cut will be 25 basis points or 50 basis points, but this will not have much impact. The market just wants one sentence from the Federal Reserve - a rate cut in September; now the Federal Reserve has given the market, so the market has a large-scale expectation of a rate cut, the US dollar has plummeted, and the cryptocurrency market has soared;

Second, (1) If there is a real rate cut in September, the expectations have been released. If there is a real rate cut, the cryptocurrency price may not necessarily rise, and the US dollar may not necessarily fall; (2) The second trend is that the Federal Reserve is ridiculous and does not cut interest rates; (3) The third trend is a continuation trend. If there is a real rate cut in September, the US dollar will continue to fall, and the cryptocurrency price will continue to rise. There are three trends in total. The specific situation depends on the market's trend space from this period to September; the space determines the details of whether there will be a rate cut in September.

At the beginning, the position of 2669 was about 40 points away from 2630, and then our defensive position was very extreme.

The first time was at 2646, and the second time was at 2638. If it were not for rational analysis, I would seriously suspect that I was being targeted by the dog brother.

The price did not change, but the space was gone. Although it was still profitable overall, the profit was really greatly reduced, and some friends who could not help but do 🈳 were completely numb.

So through this demon, we also know our shortcomings, so we still need to optimize and improve some details in the future

Recently, although the bitcoin market is still in a range-bound pattern, a careful observation of its 4-hour chart shows that a step-by-step upward force is quietly accumulating. Although there is still heavy pressure from above, the market's lows are gradually moving up, and the intraday trading is still at a low level.

Operational suggestions:

Bitcoin: Retreat to around 60,000, with the target at 62,000

The third round of Bitcoin market has started. After breaking through the current range, it may fluctuate above the current position for a long time in the future. Now is a good time to build a second position.

Operation: Bitcoin is short near 60900-61000, defend 61400 and look at 59800

Ai Tai is near 2650🈳, defend 2700 and look at 2590 ​

In the past, people bought houses for example, 3 million yuan. The down payment was 1 million yuan, and the loan was 2 million yuan with a monthly payment of 8,000 yuan. They thought marriage was a necessity and two people could get together. And they all thought that the pressure was too great now. After a few years of hard work and promotion and salary increase, the monthly payment of 8,000 yuan would not be a big pressure. Maybe they could save money to pay off the mortgage in advance and then move to a bigger house;

Now, even if they earn 20,000-30,000 yuan a month, they dare not pay 7,000-8,000 yuan a month. Because they may be laid off at any minute next month, the 35-year-old curse may be laid off, and the industry may be wiped out;

If you don’t buy a house, it’s good that the illusion is gone. You will find that you will be free of loans and you won’t spend much money on food and drink. A fully paid house in a first-tier city is really enough for people with low material desires to live a lifetime;

What do you think? Comments are welcome

Those who say that China defines crypto as money laundering should take a closer look. They always like to quote out of context. Crypto is such a big pie. How can China let the US dominate the market? Cryptocurrency will also be a valuable and scarce asset in the future. So everyone can rest assured.

In terms of the general direction, the downward structure of daily K and weekly K is complete. From the perspective of daily line, the first high point after 73777 is on June 5, and the second high point is on July 16, with an interval of 41 days. At present, the daily line has a vague trend of the establishment of the third high point, which is almost from the 27th to the beginning of September. Moreover, the closing of boll also meets the signal of market change.

From the perspective of weekly K, MACD is close to the zero axis. Some people are bullish at this position, because the fast and slow lines close to the zero axis are golden crosses and the rebound is broken upward to break the high point and go out of the second wave of bull market. This analysis is consistent with the analysis of most so-called teachers who lead orders in the current square.

In my opinion, if this position rebounds upward, the second wave of bull market will definitely not last long, even if it breaks the historical high point, it will accelerate downward. Therefore, in my opinion, when the weekly K is close to the zero axis, the risk increases, and there must be another wave of accelerated downward market. It resonates with the downward trend of the third high point of the daily line.

Let me talk about the logic of macro news analysis after the fact. Although it has passed, it still has a certain reference value.
　　Because various news will appear in the future, the logic of rising or falling must be figured out.
　　If you can't figure it out, don't enter the market. There must be logic in entering and exiting the market.
　　In addition to the technical aspect, it is best to assist with the news aspect, so that you will have greater confidence to make a good deal.
　　The reason for the rapid decline of Bitcoin BTC at 22:00 last night was found:
　　Goldman Sachs expects that the US employment data will be revised down by 600,000 to 1 million people.
　　This will cause the number of new jobs in each month in the past to be revised down by more than 25%, and the unemployment rate will directly soar.

I got it right every time.

Today is another day without fluctuations.

Why is aave rising so strongly?

In the holding order, forced to close more than 80,000, do not want to increase the position to pull the average price