Many people were anxious last week that the bull market was gone and thought the market would never come back. Here I would like to recharge your faith!
A bull market can be roughly divided into four stages:
The first stage
It is certain that BTC will rise first, bringing in a wave of capital, but everyone feels that there is nothing innovative.
second stage
ETH began to lead the rise, driving a recovery in most VC coins.
The third phase
The price of innovative application coins is rising, and people are starting to discuss that this time is different and there is innovation.
Stage 4
The devil is in the crowd, VCs start to invest frantically, and begin to believe that a new era has begun. This time the bull market will last forever. If you don’t run now, you will have to wait another four years.
At this point, we are just going back and forth in the first phase.
The only difference in this cycle is that MEME has an independent market and can be played all the time.
Why is it harder to make money in this bull market than in previous bull markets?
1. The rules have changed
In fact, most people knew about the cryptocurrency world after 2015, so most people did not participate in the bull market before the 2017 bull market. Most people participated in the bull market starting from 2017, and then in 2021, everyone was looking for patterns through the first two bull markets and making money through the patterns. Once the patterns are broken, basically many people will not think about it, breaking the comfort zone of thinking. Once it is different from their previous operations, there are only two results to face: one is losing money, and the other is missing out.
2. The dealer has changed
Why did the rules change? It’s mainly because the market makers have changed. In this round of bull market, a lot of formal funds have entered the market. The bull market hasn’t come yet, but the big funds have already entered the market. Retail investors are confused. Is the bull market coming? But only the mainstream and meme coins are bullish, and other value coins are standing in line, such as Dash and Qtum. The market makers are really good at playing games, which makes retail investors sick.
3. Retail investors have not changed
In fact, the mentality of leeks has not changed, and they tend to have fixed thinking. Many of them are following the previous rhythm, but the rhythm has changed and retail investors will not play. In the past, they studied value coins, but in this round of bull market, they directly give you memes and a bunch of air coins to confuse you. And they chase after the rise, but there is no bottom when the air coins fall, so the ones who lose money are naturally the retail investors who chase the rise.
Ethereum and its ecosystem have recently received a series of major positive news:
First, the SEC permanently suspended its investigation into Ethereum, which means that Ethereum is no longer considered a security, greatly increasing the likelihood of approval of an Ethereum ETF.
Secondly, July 2 is the deadline for submission of the S-1 registration document for the Ethereum ETF, which is a critical node and has attracted much attention from the market.
In addition, August 7 is the decision date for BlackRock to submit its application for the Ethereum ETF, and this event will also have a profound impact on the market trend of Ethereum.
Additionally, exchanges show a continued outflow of large amounts of Ethereum, indicating that large holders are actively accumulating this asset, further proving the value and potential of Ethereum.
Therefore, it may be wise for investors to hold more than 20% of their Ethereum positions.
Over the next two months, Ethereum and its ecosystem are expected to dominate the market.
Will this be the last pullback before takeoff?
Technical aspects:
Looking back at the K-line chart before the bull market took off in 20 years, you can see that the daily line was moving on EMA34, touching the bottom of EMA34 twice and then taking off. Due to the entry of traditional institutions, especially Jewish capital, this bull market has moved slower than before. It may take three days for the K-line of one day to complete, so check the 3-day line. Currently, the 3-day line has also touched the bottom of EMA34 twice!
News:
ETH etfs pass expectations.
The Federal Reserve is expected to cut interest rates in the second half of the year.
In addition to L0 being launched on several major exchanges at 8pm today, BN also has Lista to be launched. The current OTC price is about 0.5-0.6. You can refer to it to decide when to sell. Considering the recent market, it is best not to take it. In addition, BN launched an airdrop event for BNB holders to continue to empower BNB. In simple terms, it is to send money to long-term BNB holders through BN's resources. However, objectively speaking, there are indeed few innovative projects in the circle, and most of them are still centered around users and traffic.
Bitcoin is continuing to verify the key position of bottom support. Again, the important point is to look at the daily level. Once the hotline level signal comes out, the bull market will break out again. So if you like right-side trading, don’t trade before the market has a stabilization signal. If you like left-side trading, then look for high-quality leading stocks to ambush on dips. If these two strategies are strictly implemented, you will make money.
Many people were anxious last week that the bull market was gone and thought the market would never come back. Here I would like to recharge your faith!
A bull market can be roughly divided into four stages:
The first stage
It is certain that BTC will rise first, bringing in a wave of capital, but everyone feels that there is nothing innovative.
second stage
ETH began to lead the rise, driving a recovery in most VC coins.
The third phase
The price of innovative application coins is rising, and people are starting to discuss that this time is different and there is innovation.
Stage 4
The devil is in the crowd, VCs start to invest frantically, and begin to believe that a new era has begun. This time the bull market will last forever. If you don’t run now, you will have to wait another four years.
At this point, we are just going back and forth in the first phase.
The only difference in this cycle is that MEME has an independent market and can be played all the time.
Why is it harder to make money in this bull market than in previous bull markets?
1. The rules have changed
In fact, most people knew about the cryptocurrency world after 2015, so most people did not participate in the bull market before the 2017 bull market. Most people participated in the bull market starting from 2017, and then in 2021, everyone was looking for patterns through the first two bull markets and making money through the patterns. Once the patterns are broken, basically many people will not think about it, breaking the comfort zone of thinking. Once it is different from their previous operations, there are only two results to face: one is losing money, and the other is missing out.
2. The dealer has changed
Why did the rules change? It’s mainly because the market makers have changed. In this round of bull market, a lot of formal funds have entered the market. The bull market hasn’t come yet, but the big funds have already entered the market. Retail investors are confused. Is the bull market coming? But only the mainstream and meme coins are bullish, and other value coins are standing in line, such as Dash and Qtum. The market makers are really good at playing games, which makes retail investors sick.
3. Retail investors have not changed
In fact, the mentality of leeks has not changed, and they tend to have fixed thinking. Many of them are following the previous rhythm, but the rhythm has changed and retail investors will not play. In the past, they studied value coins, but in this round of bull market, they directly give you memes and a bunch of air coins to confuse you. And they chase after the rise, but there is no bottom when the air coins fall, so the ones who lose money are naturally the retail investors who chase the rise.
Ethereum and its ecosystem have recently received a series of major positive news:
First, the SEC permanently suspended its investigation into Ethereum, which means that Ethereum is no longer considered a security, greatly increasing the likelihood of approval of an Ethereum ETF.
Secondly, July 2 is the deadline for submission of the S-1 registration document for the Ethereum ETF, which is a critical node and has attracted much attention from the market.
In addition, August 7 is the decision date for BlackRock to submit its application for the Ethereum ETF, and this event will also have a profound impact on the market trend of Ethereum.
Additionally, exchanges show a continued outflow of large amounts of Ethereum, indicating that large holders are actively accumulating this asset, further proving the value and potential of Ethereum.
Therefore, it may be wise for investors to hold more than 20% of their Ethereum positions.
Over the next two months, Ethereum and its ecosystem are expected to dominate the market.
Will this be the last pullback before takeoff?
Technical aspects:
Looking back at the K-line chart before the bull market took off in 20 years, you can see that the daily line was moving on EMA34, touching the bottom of EMA34 twice and then taking off. Due to the entry of traditional institutions, especially Jewish capital, this bull market has moved slower than before. It may take three days for the K-line of one day to complete, so check the 3-day line. Currently, the 3-day line has also touched the bottom of EMA34 twice!
News:
ETH etfs pass expectations.
The Federal Reserve is expected to cut interest rates in the second half of the year.
In addition to L0 being launched on several major exchanges at 8pm today, BN also has Lista to be launched. The current OTC price is about 0.5-0.6. You can refer to it to decide when to sell. Considering the recent market, it is best not to take it. In addition, BN launched an airdrop event for BNB holders to continue to empower BNB. In simple terms, it is to send money to long-term BNB holders through BN's resources. However, objectively speaking, there are indeed few innovative projects in the circle, and most of them are still centered around users and traffic.
Bitcoin is continuing to verify the key position of bottom support. Again, the important point is to look at the daily level. Once the hotline level signal comes out, the bull market will break out again. So if you like right-side trading, don’t trade before the market has a stabilization signal. If you like left-side trading, then look for high-quality leading stocks to ambush on dips. If these two strategies are strictly implemented, you will make money.
