Exposed! I found out that a Korean whale was secretly hoarding this coin! The potential of this coin is really amazing!
The historical rise and fall performance of Bitcoin in each month has been statistically analyzed, and there is a huge pattern. How has July performed over the years?
What happened to Pendle, EtherFi, and REZ when they plummeted? Can you buy at the bottom? Let’s follow Shuqin to find out.
If the cryptocurrency market is traditionally bloody in June, then most of the July market opened low and ended high, and the probability of closing higher is really high, basically double-digit increases. In the cryptocurrency market over the past 10 years, both the average and median increases in July have increased.
In order to achieve such a double-digit increase, July usually opens low and ends high, and only in this way can such a large increase be achieved. Now that the price of the currency has just adjusted a lot at the beginning of the month, Bitcoin's strong support is at 56,000 and 52,000. We can use the price of Bitcoin as a reference to buy the bottom of various small coins, and there should be a wave of increases by the end of the month. Then the question is, which coins should be bought at the bottom?
A lot of things are happening in the cryptocurrency world in places that no one can see.
For example, this 0X460 whale that I have been observing for several weeks is really crazy. He is adding Ondo positions all the time and can buy millions of Ondo every day. He buys in small batches so that it is not easy to trigger large-amount warnings on the chain. He has bought 60 million Ondos so far. After a long tracking, Shuqin finally found the source of this 0X460 whale, and the background is amazing.
Most of his funds come from 0X4AA, and this 4AA comes from Upbit, the largest cryptocurrency platform in South Korea, so this incident is very clear. This is a whale or institution in South Korea hoarding Ondo in large quantities.
I believe everyone has heard about how crazy South Korea is about cryptocurrency trading. The coins they like often double in value in one day, so everyone can really pay attention to Ondo, as the buying is really huge.
Okay, after talking about the good news, let’s look at some more negative news.
Lido, EtherFi and Pendle have been in dire straits recently, and their prices have plummeted due to the SEC lawsuit.
Because the SEC claims that Lido and RPL, the leaders in the staking space, are securities, re-staking and financial management projects such as EtherFi and Pendle are greatly implicated.
This is an unexpected disaster, an unreasonable negative news, and we retail investors really don’t have much to do. But don’t worry too much, because Uni has encountered a similar situation before, but after a month of easing, it started to rise again, so the bold ones can buy some Pendle at the bottom, but don’t hold a large position.
After the Ethereum ETF goes online next week, these coins are likely to see a rebound. At that time, those who bought the bottom coins can consider taking profits on part of them. If you have entered the market before, you can appropriately unwind some of your losses and switch to other coins that are not involved in lawsuits.
After all, this kind of financial management is quite sensitive, so although the probability of a rebound in the future is not small, the long-term uncertainty is still quite large, so please pay attention to risk control.
Then everyone can pay attention to July 11th. This day is Trump’s hearing, which may be postponed or even pardoned. On July 25th, Trump will give a speech at the Bitcoin conference, so the related Trump, Maga and People will most likely usher in a wave of popularity before these two dates, and then on the day of the event, all the good news will be exhausted and the market will start to pull back. Therefore, those who want to play short-term can seize the opportunity and buy some spot on dips.
The Tru stock that we asked everyone to buy at the bottom in the last episode performed exceptionally well, reaching a high of 0.14, an increase of nearly 20%.
When Bitcoin fell below 60,000 at noon today and could not be recovered, Benqin also issued a warning, saying that it would at least fall to the support level of 56,000. This was also posted on the square. I wonder if you have seen it. Is it a safe haven?
You can also check out more operations. This piano is updated in real time every day~
OK, let's get back to the point. Next, let's look at the biggest hot spot this week, which is the US unemployment rate and employment data at 8:30 pm on Friday, which always stirs up a storm in the market.
The previous value and expected unemployment rate are both 4%, which has not changed.
However, the market has high hopes for employment expectations. The previous value was 272,000, while the expectation was 200,000. This shows that the market believes that the overheated job market will cool down to a certain extent.
However, everyone should pay attention to the fact that employment data is positive if it is lower than expected, and negative if it is higher than expected. The market expectations are so low this time that it is actually quite difficult to achieve, so the probability of negative news higher than expected is still quite high.
Putting aside market expectations, the number of employed people will most likely decline, which is actually beneficial to the Fed's efforts to curb inflation in the long run. Now both CPI and PCE are developing in the direction it expects, so the probability of the Fed initiating its first interest rate cut at the September 19 interest rate meeting is very high, at 60%.
At that time, the US election was approaching, so Shuqin felt that the real big bull would start to move at that time, and now was the last dark time.
So please hold on, the dawn of victory is not far away!
