There is not much news worth paying attention to in the overall macro aspect. For the Nasdaq index, which is more closely linked to Bitcoin, although there has been a slight rebound, the strength is very limited. Funds should also be watching the macro data of the United States. In fact, it is a matter of whether the interest rate cut comes early or late, but what is coming will definitely come.

Yesterday's ETF data was also relatively sluggish, with an overall net inflow of US$62 million and 936 coins. Although the overall slump is no longer a matter of the first and second dragons, several other institutions have also begun to see inflows to varying degrees, which is a good phenomenon. BlackRock has even set a record of 70 consecutive days of net inflows, which is also a historic moment.

According to Decrypt, independent presidential candidate Robert Kennedy Jr. said on Sunday that blockchain technology can play a key role in making the government more transparent, and he called for a Web3 transformation of the federal budget. He said at a rally in Michigan: "I would put the entire US budget on the blockchain so that... every American can view every item in the budget at any time, 24 hours a day." If this is really achieved, this is a big step for blockchain technology to move towards application, and it is a huge step. But I think it should still be a mouth cannon. I think it is impossible for a country dominated by MIN to be so open and transparent at this stage.

SOLANA's MEME big golden dog MANEKI is here again, 210 times a day, holding addresses greater than 100,000, and 24-hour trading volume exceeding 200 million. It is just like another BOME or SLERF. We can see that there are almost no special value projects on the SOL chain. Most of them are still based on MEME, but the money-making effect is really full, and this is the most eye-catching. When everyone first entered the currency circle, did they all want to ascend to heaven in one step and become rich overnight? And how many people really did it?

The popularity of runes has subsided in two days. First, there are too many and too mixed, and there is no explosive model. Second, runes themselves can be reserved, which seems not as fair as inscriptions, and there is a suspicion of cutting leeks. Third, liquidity is still the biggest problem of this type of product. Everyone goes to play and waits for people to buy. Who will pull the market? Where does liquidity come from? So when the pie cannot continue to rise, that is, when people cannot continue to profit from the mainstream, the PVP in the field can only be staring at each other.

Market Interpretation

Today, the big cake had a high rise and then fell during the day, and began to enter the adjustment period. Today, I found that the K-line structure and indicators of the small level of the big cake at 2H and 6H are more accurate. I will share it with you to see if there are any experts who can understand it. There is no problem with the shock adjustment at this position. Just hold the position patiently and wait. Yesterday, many people asked about the target of this rebound. It is still unclear now. If it starts to adjust after encountering resistance today, the short-term support level is 64000-65000. Whether the daily level can be golden cross depends on today. But looking at the magnified level, I think the last closing of this month will still be negative (the closing price will not exceed 71280). Therefore, the probability of subsequent shocks this week is higher

Two cakes are linked. Weak

The cottage has also entered the adjustment period, and basically follows the big cake.

Today's Panic Greed Index: 71 (Greed)

If you are confused at the moment, don't know what coin to buy, and don't understand the market, you must choose carefully. Welcome to join the village and follow us #WIF #ENA #BOME $SOL $DOGE