Today, Mentougou continued to complete its repayment plan as planned.
As a result, the market's upward momentum was suddenly interrupted and fell directly to 62,000.
I have said in my articles in the past few days that the selling pressure in Mentougou has just begun and the market is still facing relatively large pressure.
Mentougou suddenly transferred 48,641 bitcoins to the Kraken exchange, using it to repay BTC and BCH to creditors.
A full 3.1 billion US dollars, plus the previous transactions, totaling nearly 10 billion, looks very scary.
Germany's 50,000 coins can push the price down to 53,000. If the selling pressure from Mentougou enters the market, will it push the price down to the number starting with 4?
Although this is a possibility, Thirteen thinks the probability is very small.
First of all, these creditors may not necessarily choose to sell the coins after receiving them. Since these creditors have experienced Mentougou, they are basically old hands in this market.
Old investors have unprecedented confidence in the current market. After they get Bitcoin, the cost is so low that it is almost negligible. At this time, their wisest choice is to continue holding it until the bull market.
So, we saw that after a brief panic, the market quickly rebounded.
Faced with such unpredictable market conditions, it is almost impossible to make money whether you go long or short.
Seeing the bad news coming, I thought the market would plummet, but it suddenly went up again. It is possible that when I wake up tomorrow morning, I will find that the market has plummeted again.
2，
The extreme manipulation of the market by the market makers has made a lot of investors miserable, as they don’t know whether to get on or off the train.
After Bitcoin reached 64,000, it seemed quite stable, but the reason for the rapid rebound was the positive impact of Trump’s assassination and the capital behind the scenes.
Time is passing too fast. The market has no time to push chips at these key points, and no support or pressure can be formed. The more it rises, the faster it will fall.
So today, many friends asked Thirteen whether it is time to enter the market on the right side, and Thirteen’s answer is no.
It is not easy to enter the venue at present, so it is suitable for watching a show.
In addition, Thirteen’s iron rule of investment in the cryptocurrency circle has always been not to chase after big rises, and to boldly enter the market when there is a big drop.
Therefore, I will certainly not enter the market to chase high prices now. Even if the market takes off later, I will not feel sorry.
After all, our long-term positions will definitely reap profits from beginning to end.
So I told everyone in the Thirteen Circles today that don’t enter the market at this time. The market is rising too fast. If it cannot rise continuously, once it encounters resistance, it may return to the original position of around 60,000 and continue to fluctuate.
3，
Today, the entire market is full of good news, the market is thriving, and the once lost leeks are alive again.
According to Bloomberg's forecast, the Ethereum ETF is expected to be listed and traded on July 23. It was also he who released the news of the approval of the Ethereum ETF, so the credibility is still relatively high.
Once passed, the Ethereum ETF will bring tens of billions of dollars of incremental funds to the cryptocurrency market. These funds will have a great boost to the price of Ethereum, which is likely to surge to around 3,900.
Of course, some people say that Ethereum's transaction volume may not be comparable to that of Bitcoin. Thirteen believes that Ethereum's current size and level of consensus are definitely not comparable to that of Bitcoin.
so what?
The most important thing is not the amount of funds, but the form of POS, which opens up a channel for traditional funds to enter the cryptocurrency market, which is very important.
Especially for the Ethereum system, the subsequent ecosystem also retains the possibility of impacting ETF.
Don’t think it’s impossible. Once upon a time, we also thought it was impossible for Bitcoin ETF and Ethereum ETF to be passed. What about now?
The booming development of the value chain is also impacting ETFs.
The development of Bitcoin ecology and TON ecology makes this bull market look very worth looking forward to.
TON has always been a key project of Thirteen Circles. It relies on one billion users, and even sticking a chopstick in it can make a flower bloom.
There are a lot of games emerging in the ecosystem now. Although they seem a bit dull now, what about the future?
Maybe he is the Tencent of the cryptocurrency world, so it is crucial to make long-term plans in advance.
4，
But there is a lot of good news today.
They appeared almost densely, and all these good news told me that the market would rise, but Thirteen felt a little uneasy.
The invisible big hand behind the scenes seems to be playing its cards directly with the investors. They want every investor to know the good news.
It was as if a horn was being used to urge everyone to get on the bus together and quickly get on, or the bus would take off.
At this time, everyone should be careful. After all, the selling pressure in Mentougou is still hanging over their heads. Although the actual selling pressure may not be large, it cannot stop some people from taking advantage of the situation.
After everyone gets on board, if the market continues to plummet, can anyone here still withstand it?
In the previous article, Thirteen said that if the market rebounds above 72,000, 5.6 billion US dollars of assets will be liquidated.
This is a huge piece of fat meat. Will the dealer eat it up directly in one go and let the leeks get on board at the same time?
Then continue to fluctuate downward to 52,000, which is considered the real bottom by Thirteen?
If it does happen, are you prepared for it?
Of course, these are just Thirteen’s conjectures and may not necessarily happen, but there is this possibility. The purpose is to tell everyone to pay attention to investment risks.
The cryptocurrency world is ever-changing, and it is really difficult for the investors. The irregular ups and downs have caused the investors’ faith to collapse.
However, Shisanquan used scientific investment methods to achieve the goal of being able to attack when advancing and defend when retreating.
We remain calm.
No matter how the market fluctuates, we can just laugh it off and it will not prevent us from making money in this bull market.
Come on, people in the cryptocurrency world,
Welcome to: Minus Thirteen Degrees
Let’s go through the bull and bear markets together and see through the mundane affairs of the cryptocurrency world.
