Market Analysis

$BTC: Bitcoin will be smashed down after it is pulled up. At present, some miners may be dumping the market, because at the current price, some small miners are difficult to survive. In fact, according to common sense, the time should not be delayed until now. Some unqualified or outdated miners should have been cleared long ago. However, due to the BRC20 and RUNEs protocols, the on-chain handling fees were relatively optimistic some time ago, so the cycle was inadvertently extended. When the miners are cleared and the new hash power begins to grow, the market will rise again and sprint towards 100,000 US dollars. I estimate that Bitcoin will end the adjustment in July, and then gradually start to rise. At the current stage, Bitcoin is adjusting, and you must keep an eye on the daily level. Only when the daily level stabilizes, the market will really explode.

$ETH: Ethereum also followed the market today, and the exchange rate against Bitcoin remained above 0.054. Last night, Bitwise released an advertisement for Ethereum payments and receipts, emphasizing the characteristics of 24-hour transactions, and implicitly stated that traditional finance is too inefficient. The quality of the advertisement is good, but it has little impact on the price. As for the future market, the next half month will still be a hype period before the ETF is approved. As long as the market can stabilize, ETH should have a good market.