Hello everyone, I am Ali, from Wujie Club. Wujie Club is a crypto community club focusing on primary projects, secondary transactions, airdrop tutorials and on-chain capture. The club provides market analysis, trading strategies, the latest airdrop information and project investment opportunities, and is committed to helping club members obtain comprehensive information in the Crypto field.

1

Bitcoin Mayer hits bottom and rebounds, holding the $30K price bottom line

Bitcoin (BTC) prices have recently trended down relative to its 200-day moving average, a change that has triggered a "buy on dips" signal based on classic BTC price indicators. Meanwhile, the Mayer Multiple, an indicator that assesses market sentiment by comparing Bitcoin's current price to its 200-day moving average, has fallen to its lowest point in eight months, at 1.05, showing a healthy reset of bullish sentiment in the market. Although Bitcoin's current price (about $60,900) has doubled from October last year (about $29,900), the bearish adjustment in market sentiment against the backdrop of rising prices may provide investors with an opportunity to buy, especially considering that the Mayer Multiple is currently in the "buy" zone (below 2.4). For the indicator to rise back to the 2.4 level, the Bitcoin price needs to reach about $140,000.

It’s worth noting that the Mayer Multiple’s extreme lows don’t always correspond directly to Bitcoin’s price floor. For example, in mid-2022, the indicator bottomed out around 0.47, but it took another four months for prices to similarly reach the depths of a bear market. Bitcoin’s relative strength index (RSI) has also fallen into “oversold” territory on multiple timeframes, further reinforcing the market’s bullish outlook. The last time the RSI was this low, Bitcoin consolidated around key resistance just below $30,000 for more than three months. We are now looking at more than three months of consolidation below $70,000. Will history repeat itself?

Despite the recent volatility and declines in Bitcoin prices, the market seems to be accumulating momentum for future gains. Investors and traders are closely watching these developments to seize possible market opportunities.

2

Ethereum spot ETF is progressing rapidly and will be approved before July 4

The latest progress of Ethereum spot ETFs shows that US regulators are expected to approve the launch of spot Ethereum ETFs before July 4. Since the SEC (U.S. Securities and Exchange Commission) has strict processes and requirements for the registration and approval of financial products, after submitting the S-1 document, the issuer may need to make corresponding modifications and adjustments based on the SEC's feedback. Although the current changes are described as "minor", this does not mean that the entire process is over, but may imply that the SEC still needs further review and comments.

Gary Gensler, chairman of the U.S. Securities and Exchange Commission, previously expressed his confidence in the approval process for the spot Ethereum ETF, noting that asset management companies are currently under pressure to provide full disclosure in order for their registration statements to be valid. Currently, eight asset management companies, including BlackRock, VanEck, Franklin Templeton, Fidelity, ARK 21Shares, Invesco, Bitwise, and Grayscale Investments, are waiting for the U.S. Securities and Exchange Commission to approve the Ethereum spot ETF. It should be noted that although it is currently expected that the SEC may approve the Ethereum spot ETF before July 4, the specific results still need to wait for the official announcement.

The development means investors may have a new way to participate in Ethereum markets and is expected to promote further adoption and application of Ethereum. It also marks a significant advancement of cryptocurrency in the national political debate.

Today's recommendations are DF, MAV, BEAMX, and NFP.

1

DF

DF coin is the native token in the dForce ecosystem, launched by dForce, the world's first decentralized finance (DeFi) network. The original intention of the design of DF coin is to promote and support the development and growth of the dForce ecosystem and provide users with safe, efficient and decentralized financial services. The total amount of DF coins is 100 million. The token has the characteristics of decentralization, programmability, owner rights and no trust. It can be used as a trading medium for decentralized exchanges to manage digital assets. It is also a borderless and low-cost cross-border payment method. These characteristics make DF coin have certain application potential and market value in the DeFi field. The current price is 0.312 US dollars.

2

MAV

MAV coin is a cryptocurrency, its full name is Maverick Chain, and its Chinese name is Duxing Chain. The goal of MAV coin is to build a stable, efficient and secure business transaction platform through blockchain technology and smart contracts. This platform will allow users to conduct various business transactions, such as supply chain finance, digital asset registration, copyright protection, etc. By using MAV coins, users can realize value transfer more conveniently, while also increasing the transparency and security of transactions. Recently, MAV's market value and trading volume have shown a certain degree of activity. The current price is 0.271 US dollars.

3

BEAMX

BEAMX coin (BEAMX) is a cryptocurrency launched by BeamX DAO, which is committed to building a decentralized Beam ecosystem that enables stakeholders to fully participate in and control protocol governance. BEAMX coins are confidential assets on the Beam blockchain, with a total supply limited to 100M coins, which are gradually released through a four-year emission schedule. Users can obtain these tokens through specific mechanisms such as "staking beams". The current price is $0.0160.

4

NFP

NFP coin is the abbreviation of Non-Fungible Proofs, which is a non-fungible token (NFT) based on blockchain technology. The characteristics of this token are its uniqueness and non-substitutability. Each NFP coin has a unique identity and value. NFP coin can be applied to many fields such as digital artworks, game items, and collectibles, because it allows each token to represent a unique and non-replicable digital asset. The future development prospects of NFP coin predict that its value may increase, and the current price is 0.317 US dollars.

Club Recommendation Review

1.【ZK】

zk, although zk encountered resistance from many people after its launch, judging from the fact that both Binance and OKX were launched, zk’s strength is still there. As the most used dapp in L2, the club still sees the strength of zk.

The club chose to let everyone build positions when zk was at 1.89. The highest point was 0.24, an increase of 26%.

2.【arkm】

Regarding arkm’s short-term long strategy, the club recommends making arrangements when the price is around 1.7. The highest price rose to 1.9, an increase of 10%. A 20-fold long order has already made a profit of 95%.

Unbounded Club is a crypto community club focusing on primary projects, secondary transactions, airdrop tutorials and on-chain capture. The club provides market analysis, trading strategies, the latest airdrop information and project investment opportunities, and is committed to helping club members obtain comprehensive information in the Crypto field.

Thank you for reading this far. Ali is with you and wishes you a happy life. Good morning, good afternoon, good night, and see you next time.

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