Today the market is above 55000.
Many friends are getting excited again, but in the short term the market is still in a downward cycle.
The pressure above 56,000~57,000 is still very large. Once this position is touched, it is possible that the bears will regain the upper hand.
Judging from the stock of cryptocurrencies on exchanges, it is increasing. The increase means an increase in short-term downside risk. After all, if it is not sold to avoid bear market risks, it will never be withdrawn to the exchange.
Therefore, it is unlikely that the market will directly break through in the short term.
However, the increase in chips in the exchange means that market activity is also increasing. For coin hoarders like Thirteen, there will be a lot of cheap chips on the market for me to choose from.
Vitalik and some institutions that have pledged Ethereum are also selling to cash out. There is no need to over-interpret this. A few hundred Ethereums will not make much of a splash. Just look at those institutions that are selling tens of thousands of them at will.
Some institutions sell to avoid liquidation.
What if it falls? The market has been telling everyone in the article and in the thirteen circles that falling is our advantage. Buying at the bottom while falling is the best way for us to accumulate chips in the current bottom range, no other way.
2，
The US recently announced the unemployment rate, which dropped from 4.3 to 4.2. Overall, it is a good thing.
This proves that there is no problem with the US economy, but the market is still very worried about economic contraction. Some large institutions cannot take this risk and have therefore taken some defensive measures.
This is a normal choice for a normal organization.
In general, judging from data from all aspects, there is a high probability that the US economy will achieve a soft landing, which means that Bitcoin is likely to break through 70,000 in September or October.
This is the prediction given by some market institutions. Of course, there are also bearish ones, and there are quite a lot of them. As a firm bull, Thirteen tends to agree with the former.
Mrs. Yellen also said that the U.S. economy is currently in a deep recovery, and a rate cut by the Federal Reserve this month is basically a foregone conclusion. The only difference is whether it will be 35 basis points or 50 basis points.
Thirteen believes that the probability of 25 basis points is higher. After all, it is not easy to control inflation through interest rate hikes, and the interest rate cut cycle must move forward slowly by groping.
Based on the above, it will be of great benefit to the stock market and the cryptocurrency market.
Don’t think that the market is dead now. Once the major ETFs start to flow in continuously, it will only take a moment to push up the price of the currency.
Although the market conditions have not been good recently, stablecoins are still increasing steadily. This at least shows one thing, that is, investors' investment demand is slowly increasing. As long as there is no nuclear-level negative news, it is almost certain that it will break through 70,000 in September or October.
3，
Since Shisan started writing articles in the square, he has been instilling risk awareness in everyone.
In the cryptocurrency world, any high-yield investment is a scam, without exception.
Recently, many people who invest in the over-the-counter market in the cryptocurrency circle have been defending their rights. In fact, defending their rights is useless. All transactions are conducted through U, which is not recognized.
We can invest ourselves, but we need to bear the risks ourselves.
Some friends just don't listen to advice. Even though Shisan has warned everyone countless times in the article, there are still people who choose to believe that the scammer can lead them to the road to financial freedom.
Shisan has been in the cryptocurrency circle for a very long time and has accumulated a lot of wealth, but he is still struggling now. Why?
It’s because I was also a victim, and a big shot who ran away directly.
Thirteen had no choice but to start from scratch.
You can look around and see how many first-level investment groups in the cryptocurrency circle have become rights protection groups? Have the project owners or scammers run away with the money?
When someone approaches you intentionally and keeps showing off their earnings to you, saying they doubled their money today and made another 50,000 tomorrow...
Many friends who are not deeply involved in the matter have been tempted. From the moment you are tempted, your money is basically gone.
The cryptocurrency world is magical; the free things are always the most expensive.
Many friends are very conflicted and worried when joining the circle, but they are very happy when they choose the free circle, thinking that they can get it for free.
But in the end, the losses are often heavy.
We all overestimate our own ability to concentrate.
I hope that everyone will follow the Thirteen Circles as a template when choosing a circle, update it over a long period of time, clearly mark the prices, and ensure that there will be no other charges, including but not limited to leading fans to invest in local dogs, crowdfunding first-level project quotas, etc.
Thirteen is aiming to do this for more than ten years.
Therefore, I am extremely careful with every step I take and never overstep the line. Even though the market is not good now and my income has basically been cut off, I still remember my original intention.
In terms of the income of a middle-level white-collar worker, I have already met the standard.
That’s enough, don’t be greedy.
I live a law-abiding and good life and feel content.
