Is now the starting point for long-term positions? Which potential coins have shown signs of success?

财经东晨 · 2023-05-11T08:03:04.000Z

The crypto market was also affected by expectations of interest rate cuts and interest rate suspensions. The CPI rose in the evening after being lower than expected. However, with the news that the U.S. Treasury was going to sell Bitcoin, another round of news began. The crypto market also needs to pay attention to the cyclical nature of Bitcoin. At this moment, Bitcoin has entered the "one year before halving" time period. It entered this range three times before, and Bitcoin produced two "slow bulls" (always). (up)", once the monthly line peaked and then stepped on it (it peaked and stepped on it again). 1. What is certain is that Bitcoin will continue to reach new highs after the halving, and it will inevitably hit new highs. This is an undisputed economic theory and practical experience.

The crypto market was also affected by the expectations of interest rate cuts and interest rate freezes. The CPI rose in the evening after being lower than expected, but with the news that the US Treasury was going to sell off Bitcoin, another round of ups and downs began.
The crypto market also needs to pay attention to the cyclical nature of Bitcoin. At this moment, Bitcoin has entered the time period of "one year before halving". The previous three times it entered this range, Bitcoin produced two "slow bulls (continuously rising)" and one monthly line peaked and fell back (peaked and fell back).
1. What is certain is that Bitcoin will continue to set new highs after the halving, and it will inevitably set new highs. This is an indisputable economic theory and practical experience.
2. Slow bull/retracement are opportunities. However, there will be no new highs within 1 year.
In the long run, entering the market in parts at this time will be an opportunity.
After the market stabilizes, the popularity of meme coins will slowly begin to return to altcoins. If the market continues to rise, we should pay close attention to altcoins.
Many friends also asked me about SSV and IMX. Both of these coins have great potential. Let me tell you about them here.
I really like the vision and original intention of the SSV project. But as I always say: whether the project is good or not also depends on whether the price is good.
Its current price is $20, and its circulation market value ranks 129th. This price is not too high, but not too low either. In addition, its main network seems to have been online for a short time, and its performance remains to be tested. Its biggest problem is probably that the narrative is too big, and the project team cannot meet the requirements.
However, for a track with a huge narrative and in a hot market, no matter whether it can reach the overdue stage or not, it must persist until the next bull market explodes to allow the dealers behind to make money.
The same is true for IMX. I pay close attention to its ecosystem. I will also choose to buy slowly, and the financial strength of the team behind IMX is even stronger.
By the way, the Ethereum Foundation or Ethereum core developers often sponsor or personally invest in some projects.
In my opinion, many of the projects they invest in are considered from a technical perspective to determine whether they are a rigid demand for Ethereum or whether they are beneficial to the Ethereum ecosystem.
Many of these projects are of great significance and value, but they are also easy to understand, so easy that everyone can understand them at a glance, so they almost always become popular projects. Such projects can easily become overpriced.
After the CPI is released, you need to be patient and wait for the next series of operations. Dawn may be just around the corner.
BTC: It is still in the trend of adjustment, and will continue to fall to test the support around 26800 and 25300. The market is still falling despite the favorable situation of the US CPI data in April. Now is the carnival of memes, but the market is still in a bear market, and the market is in chaos.
At the 4-hour level of Bitcoin, we still focus on the support below 26800. If this range is not broken in the recent retracement, it is still possible to start the first batch of callback positions. Recently, many altcoins have fallen sharply, and there are some opportunities to pick up cheap chips. The upper resistance of Bitcoin is 28000-28300
ETH: Weak trend, the probability of going directly downward in 2H is high, upper pressure: 1840-1870 area, lower support: around 1760. It can support buying and resistance buying.
LTC：
The weak linkage pie is suppressed as a whole. It fell below the box and there was no rebound. It is mainly wait-and-see.
ARB：
The more it falls, the more you buy. The highest point has been cut in half, and it can't fall any further. Laojia's first choice for fixed investment.
ABOUT US：
Linked with the market, there is no market trend for the time being, and it is mainly volatile. It has not yet exerted its strength since its launch. It is expected that there will be a wave of pull-ups when the big cake breaks through 30,000.
Hot Opportunities
Binance has completed the mainnet integration of Conflux Network (CFX). The CFX ecosystem has officially set sail, welcome Binance.
The CFX ecosystem is bound to see a big explosion in May, and its ecosystem tokens will inevitably surge. Let’s talk about the tokens with the greatest potential in the CFX ecosystem.
CFX
(CFX) is a public, layer-1 blockchain that is more scalable, decentralized, and secure than existing protocols and is designed to power decentralized applications (dApps), e-commerce, and Web 3.0 infrastructure.
The platform is based on a tree graph consensus mechanism that combines Proof of Work (PoW) and Proof of Stake (PoS) algorithms to reach consensus. The protocol uses Turing-complete smart contracts written in Solidity, just like the smart contracts on Ethereum, and is compatible with EVM (Ethereum Virtual Machine).
PPI
Swappi is a decentralized exchange DEX based on automated market makers (AMMs) deployed on the Conflux network, allowing Conflux users a new venue to exchange, pledge, and earn returns on their crypto assets.
Swappi is the first DEX launched on eSpace, an EVM-compatible smart contract execution environment built on Conflux, allowing developers to deploy and execute Ethereum-native dApps and smart contracts in the Conflux ecosystem. Swappi aims to build the most powerful DeFi ecosystem on Conflux and plans to expand its product range to provide users with more opportunities to make money.
FLUX
Flux is the cryptocurrency that powers the Flux ecosystem. It has multiple uses, including purchasing resources, staking nodes, and facilitating transactions on FluxOS, as well as rewarding miners and FluxNode operators for the computational resources they provide.
Currently, the Flux ecosystem includes: a native, mineable POW cryptocurrency ($FLUX), a powerful decentralized computational Flux network (FluxNodes), a Linux-based operating system (FluxOS), the premier digital asset platform (Zelcore), and finally, the Flux blockchain for on-chain governance, economics, and parallel assets to provide interoperability with other blockchains and DeFi access.
Finally, there are still many things that are not written down, such as specific opportunities and specific decisions. These things are often not something that can be summarized in one article.