If the top divergence structure is formed from the daily line, then this wave of callback will have to find support near 6w. It seems that the long orders will be trapped for a few days. Next week is the node for the listing of Ethereum ETF. The favorable sentiment boosts the superposition of institutional entry. There will definitely be a big unilateral rise. You can look back at the increase of Bitcoin ETF at that time. What I want to say is don’t get kicked off the bus. Miss the bonus period of this wave of the market. The market will be very difficult to play in the future. As long as it goes down, it is an opportunity to increase positions. Hunters often wait for the right time to act. A man who focuses on trends and bands. #以太坊ETF批准预期 #币安HODLer空投BANANA #美国大选如何影响加密产业？ #WazirX黑客事件 #山寨季何时到来？ $$

Ethereum ETF will be listed next week
BlackRock and Grayscale will enter the market
You will definitely make money by following the institutions
It is expected that there will be range fluctuations and pins in the next two days
Just buy on dips and increase positions
After the funds drive the market up
You will have to find a position to sell and leave
The next market crash will not be too far away from us
Focus on the trend and calmly analyze the band winning rate of 100%
There are still places for retail investors, come and find them if you know!

#山寨季何时到来？ #美国大选如何影响加密产业？
#以太坊ETF批准预期 #币安7周年

What did I say in the morning?
Is this short position timely?
Others are greedy, I am afraid. Others are afraid, I am greedy.
Please give me some suggestions on where to look at this wave.

#山寨季何时到来？ #美国大选如何影响加密产业？
#美国6月CPI大幅降温 #币安7周年 #美联储何时降息？

Long positions are cleared and pocketed
Big cakes are reversed and shorted
Short-term wave retracement
Just take a look
Don't follow, after all, it's against the trend
Now it all depends on your own judgment
You must have your own unique welfare thinking

#美国大选如何影响加密产业？
#美国6月CPI大幅降温 #币安7周年
#美联储何时降息？ $BTC $ETH

It's stable, it's stable, it's very stable
Trump is officially nominated as the presidential candidate
It depends on how much this wave of heat will be hyped
65,000 for the big pie seems small

#美国大选如何影响加密产业？
$BTC $ETH

After the Ethereum ETF is approved, the position will be cleared.
At present, it should rebound again.
The daily middle track pressure has broken through and stabilized.
The buying power in the past two days is still quite strong.
There should be no problem in reaching 65,000.
Are there any friends who want to team up and discuss?
#美国6月CPI大幅降温
#币安7周年 #美联储何时降息？
#美国大选如何影响加密产业？
#美国6月非农数据高于预期
$BTC $ETH $BNB

2024.7.1

BTC short

35,000 lots

Stop profit 62,000

Stop loss pending 63,350

In April, Zhao Changpeng was sentenced to four months in prison for pleading guilty to money laundering charges, far less than the three-year sentence requested by federal prosecutors. Before the sentencing, Zhao Changpeng expressed to the judge his regret for failing to implement an adequate anti-money laundering program.

CNBC reported on June 2 that Zhao Changpeng had reported to a low-security federal prison in California, and his defense law firm (Latham & Watkins) confirmed the news. He is expected to be released from prison in October and return to the cryptocurrency industry. Why did the judge give Zhao Changpeng a lighter sentence? Prosecutors originally requested a 36-month sentence, but the judge only sentenced him to four months.

A detailed analysis of the trial documents shows that three key factors determined the sentence. First, Zhao Changpeng took the initiative to surrender and actively cooperated with the investigation throughout the process, showing respect for the law and a responsible attitude. He took the initiative to travel from the UAE to the United States for trial, a move that was widely recognized by the trial.

Zhao Changpeng's family environment is stable and he has minor children to support, which aroused the sympathy of the judge. Secondly, Binance, represented by Zhao Changpeng, agreed to pay a settlement of up to $4.3 billion, showing their awareness and sincerity of the actions they committed. This compensation is not only an apology for the crime, but also reflects a good attitude of cooperation with the government.

The 161 letters of recommendation supporting Zhao Changpeng came from important people and groups in many aspects, involving positive comments on his family, career and social reputation, which had an important impact on the judge. The judge personally read these letters carefully and was deeply moved.

Finally, when sentencing, the judge took into account Zhao Changpeng's good background of no criminal record in the past, and believed that he showed awareness of wrong behavior and attitude to correct it, which was another important factor for lenient punishment. Combining the above factors, the court finally made a decision of lenient punishment after weighing Zhao Changpeng's fault, confession attitude, compensation measures and social support.

This judgment not only focuses on the facts of the crime, but also comprehensively evaluates the defendant's overall performance and social evaluation. Today, there is media news that CZ will return within 4 weeks. There are 6 news reports in a row. The truth is still unknown, but there is no smoke without fire. Maybe he will be released early with good performance or after the operation of a professional lawyer team. CZ's return will definitely have a certain impact. The most important thing is that BNB may surge. Let's wait and see!

The current market problem is the market pessimism caused by fundamentals (declining expectations of interest rate cuts + rising expectations of recession). The main force of the cottage and retail investors are all trampling, causing most cottages to fall sharply. Regarding judging the top and bottom of the market, it is all a prediction of the market. No one is a prophet, and everyone makes judgments based on their own analysis of the market. The right or wrong of the analysis is not important. What is important is whether you dare to bet based on your own judgment, and whether you dare to admit defeat if you are wrong. If you don’t dare to bet when you guess right, is it useful to give you a certificate at the end?

1. This week, the big cake fell to around 58,500 and then closed the needle and started to rebound. From conventional experience, after a long period of downward trend, it is often impossible to reverse like a flash crash in the bull market, but it takes two or even three times to build a bottom effectively before it can be confirmed. The current rebound strength is not good. Whether it is the bottom on the left needs to be observed, and the probability is not high.

2. The government and institutions are constantly selling. Recently, the German government transferred about 5,000 BTC and the US government transferred about 4,000 BTC, and there is a high probability that they are sold. Mt.Gox has started paying out, and about 140,000 BTC will be sold. These countries and institutions may not directly dump all the cryptocurrencies they hold in the market, but will sell them in batches through OTC. But in any case, it will cause a certain degree of selling pressure on the market. When the market is good, the market will fall in response to these actions. Now that the market sentiment is low, it is more like a sword that continues to hang over the market.

3. Politics and monetary policy. The US election is approaching, and the market will bet on the election. Different campaign propositions will be fierce as the election situation changes. The SEC fired at multiple projects and crypto companies, and the Federal Reserve continued to bite its teeth and refused to cut interest rates. Some members even said that they would not cut interest rates this year, which has a suppressive effect on the market. I will not analyze the macro here too much. The interest rate cut is still the main line, and the others are all branches. The spring is almost pressed to the bottom. Either the interest rate cuts are carried out step by step, or the interest rate cuts are cut quickly after the economic recession.

Attached is a picture. The market here is a bit like last March-October. Last year was the halftime break after BTC bottomed out from the decline in 2022 and walked out of the bottom range, and now it is the halftime break after the first half of the bull market. I expect it to fluctuate between 5W5-6W7 for 1-2 months, until the expectation of US interest rate cuts or recession intensifies before choosing a general direction.

The US PCE will be released at 8:30 tonight. As an important reference data for inflation, there will definitely be a spike in the market. Everyone should pay attention to controlling risks and opening positions reasonably. Yesterday, funds began to flow into spot ETFs. It still has an impact on short-term trading. If it does not break 61,000, you can go long. If it goes up and does not break 62,500-62,800, go short. #美国PCE数据将公布 #美联储何时降息？ #以太坊ETF批准预期 $BTC $ETH $BNB

The approval process for Ethereum spot ETFs seems to have entered the final stage.

On June 22, all applicants submitted an updated version of the S-1 registration application. Once the SEC approves the final S-1 document, the Ethereum spot ETF can be listed and traded within 24 hours at the earliest. Senior executives of two anonymous companies revealed that the process of revising the S-1 document has progressed to the point where only "minor issues" remain to be resolved. A lawyer working with one of the issuers also said that the approval process is currently "entering the final stage" and approval "may not exceed one or two weeks."

Bloomberg analysts estimate that the earliest launch will be July 2. Although the SEC declined to comment on this, SEC Chairman Gary Gensler revealed in an interview yesterday that "progress is going smoothly." Bloomberg ETF analyst Eric Balchunas, who accurately predicted the issuance time of Bitcoin futures/spot ETFs, also optimistically predicted in mid-month that the SEC is likely to formally approve these ETFs next week and advance their predicted listing date for Ethereum spot ETFs to "July 2."

There are signs that the Ethereum spot ETF is only one mile away from being listed, but many ETF and cryptocurrency analysts believe that the inflows after the launch of the Ethereum spot ETF are much inferior to those of the Bitcoin spot ETF that was listed at the beginning of the year. Analysts discuss potential inflows of spot Ethereum ETFs Asset management companies hope to build on the success of the spot Bitcoin ETF in January, which attracted $14 billion in inflows.

In particular, Grayscale aims to transform existing trusts into spot Ethereum ETFs. This reflects a strategic move to expand cryptocurrency investment options. Senior ETF analyst Eric Balchunas said that these Ethereum-based funds could be launched as early as July 2. And according to Reuters, the U.S. Securities and Exchange Commission may approve spot Ethereum ETFs by July 4.

Although discussions are still ongoing, sources revealed that the remaining hurdles are only minor adjustments to the issuance documents, which are now close to final approval. Expectations are high for the market's response to these new ETFs. Similar to Bitcoin's debut, according to SoSoValue, the assets of the products earlier this year surged to nearly $52.96 billion as of June 26. #以太坊ETF批准预期 $BTC $ETH $BNB

Who is dumping the market in June? Trump vs. Biden on the 27th, the big guys debated and the cryptocurrency circle suffered?

As of yesterday (June 25), the price of Bitcoin once fell below $60,000, and the lowest fell to $58,900. Today it gradually adjusted back to 62,000. Why is the market so sluggish in June?

Who is dumping the market?

Mt. Gox pays Mt. Gox announced plans to start distributing 143,000 BTC to its creditors, generating huge selling pressure and causing market panic.

Miners sell off In June, mining machine sales hit a yearly high. Miners sold about 30,000 BTC worth $1.8 billion in the first three weeks of this month.

ETF funds have been flowing out in large quantities Since June 15, the outflow of funds from Bitcoin ETFs has exceeded $1 billion. ETFs have experienced outflows for seven consecutive trading days, and this trend is expected to continue.

German government sells off Last week, the German government transferred a total of 1,700 BTC to Coinbase, Bitstamp and Kraken. Today, they transferred a total of 400 BTC to Coinbase and Kraken, worth about $24.34 million.

Fed Governor Bowman: "If the progress of inflation retreat stalls or reverses, still willing to support rate hikes" Fed Governor Bowman said that inflation is expected to remain high for some time. It is not yet the right time to cut interest rates, and the basic outlook remains that inflation will return to 2% as the policy rate remains unchanged for "some time."

Willing to support rate hikes at future meetings if the progress of inflation retreat stalls or reverses. Central banks in other countries may ease policy earlier or faster than the Fed. The United States has made only "modest further progress" on inflation this year. June 27 key node

On June 27, Trump and Biden will have their first general election debate. The holding of this debate will have an important impact on the election of the two candidates. At the same time, it will also have a certain impact on election-related cryptocurrencies (such as PEOPLE).

Investors can follow the progress of this debate to find new investment opportunities in the market. Bitget Exchange's second son BWB, the second phase of Launchpad ended the snapshot at 10:00 (UTC+8) on June 27, explaining that a large number of tokens will be unlocked, which may cause the coin to pull back. Please be sure to pay attention to the risks $BTC $ETH

Stop shouting that the bull market is coming.

MD, the bull market has been shouted away by you these past two days.

You smash the market as soon as there is a slight upward trend.

The way the dog dealers eat is too ugly.

They just keep an eye on the small investors’ money every day.

This is the ending when I woke up

It turns out that you can only make money from the dog dealer by sleeping

I want to do more but I am a little hesitant

This damn suspicious disease is really terrible

Forget it, I'll go drink, if I don't lose, I'll make money

$BTC $ETH

On Thursday, the bullish push to high pressure was blocked
Short-term 65658 is directly empty-handed
Shine, remember not to fight
Target 500-800 points
U.S. stocks should be able to get off the market before and after the market opens
#美联储何时降息？ $BTC $ETH

Friends, I have a message for you guys.
The cool mat is really out of fashion this time.
It used to be the top of the cryptocurrency circle.
It’s a pity that it’s still too young.
The talented young man is using a sewing machine.
He is just sitting on a bench and being a bystander.
$BTC $ETH

The article "Challenges and Prospects of Hong Kong Virtual Asset Platform Licenses" deeply analyzes the complex challenges and broad development prospects currently faced by Hong Kong in the field of virtual asset supervision. Chen Zhihua clearly pointed out that the strict prohibition of virtual currency transactions and services in the Mainland has made the Hong Kong Securities Regulatory Commission's review of virtual asset platform licenses extremely complicated. Especially when it comes to the actual controller or parent company of the platform, it is necessary to ensure that they do not violate the relevant laws of the Mainland. This undoubtedly increases the difficulty of Hong Kong virtual asset platforms in applying for licenses, and almost requires the entity in Hong Kong to be completely separated from its parent company.

In response to this dilemma, Chen Zhihua suggested that the SAR government should take practical and effective measures to deal with the problems caused by multiple supervision. He proposed that the establishment of a unified virtual asset supervision committee is undoubtedly a wise move. This committee will be responsible for coordinating the work of different regulatory agencies to ensure that the regulatory standards in the field of virtual assets are both consistent and effective. Through this move, Hong Kong can not only maintain its leading position in the global virtual asset market, but also further enhance the transparency and professionalism of its regulatory system. Chen Zhihua also proposed four specific directions for suggestions. First, improve the regulatory system to make it more adaptable to the characteristics and development needs of the virtual asset market. Secondly, the SAR government should actively engage in dialogue with relevant departments in the Mainland to seek cooperation and coordination in virtual asset supervision, so as to break geographical restrictions and achieve broader regulatory cooperation.

Third, strengthen cross-departmental collaboration to ensure that all departments can form a joint force in virtual asset supervision to avoid regulatory gaps and duplication of work. Finally, simplify and accelerate the licensing process, provide applicants with a clear approval timetable and transparent expectations, so as to attract more high-quality virtual asset platforms to settle in Hong Kong. In April this year. The Hong Kong Securities and Futures Professionals Association published a letter to the Hong Kong Treasury Bureau on its official website, "Proposal to Establish an Independent Securities Industry, Futures Industry, Asset Management Industry and Virtual Asset Industry Development Self-Regulatory Organization", pointing out that many economically developed regions in the world, including my country, have statutory semi-official industry self-regulatory organizations that focus on industry development and maintaining market ecology.

I just saw a lot of big Vs singing the market down on the square
The people who say the bear market is coming now are definitely the same group of people who said the bull market is coming back quickly
The mainstream is actually okay, but some copycats have been cut in half, such as IO
Try not to touch copycats in the past two months, the market has entered a window period
When trading, you sometimes have to learn to filter out all the voices that can affect your thinking
The big cake will not rebound too much, and the short-term reference is 66000-66500 to continue to short
The market will start to fall in the future, and then it will be accompanied by a sharp pull to wash the market
If you can't do it yourself, hold on to your thighs, this market is for short-term picking

#币安上线ZK $BTC $ETH

In fact, there was no movement in the Asian session. Ethereum only dropped by several dozen dollars. Bitcoin needs to break 66,000 to link up. You can continue to hold short orders. Don’t arrange long orders for the time being. There is no big volume to insert a pin, so why rush?

"May is poor, June is desperate, and July is turning around" What stage is the market in now? How to deal with the market? When to buy the bottom? The current market is in a temporary gap-up mood of the Fed's expected interest rate cut speculation. It comes from the remarks made by Fed Chairman Powell in his speech at the last press conference that "interest rate cuts will be considered when the unemployment rate reaches 4%."

The Fed is not positive about interest rate cuts, but crypto market participants are highly concerned about the issue of interest rate cuts because interest rate cuts mean that the economy may be moving in a good direction. However, after the release of last week's data, the market's speculation on interest rate cuts quickly subsided because the data performed steadily and there were no major adjustments or positives.

When to cut interest rates: September is a key node Regarding the question of when to cut interest rates, the current terminal interest rate shows that the data on September 18 shows that the probability of a 25 basis point cut is 48.3%, which is higher than the probability of maintaining interest rates at 525-550 basis points. This makes September the most important turning point. Therefore, I think the possibility of a rate cut in September is the highest.

Interpretation of the June market The market saying "May is poor, June is desperate, and July is a turnaround" points out that for short-term traders, the end of June and the beginning of July is undoubtedly a good time to build a position. Now seize the last quiet time to study hard, understand the project background, technology and team, etc., so as to make wise investment decisions when buying at the bottom. Opportunities are always reserved for those who are prepared. Start paying attention to market dynamics now to get better returns in the future cryptocurrency market.

For long-term investors, don't be anxious because of the market fluctuations. Market changes are often unexpected. Waiting for a big drop may miss better investment opportunities. We should look further and pay attention to the development trend of the entire cryptocurrency market. The interest rate cut is a sure thing, it's just a matter of time. From the perspective of the Bitcoin monthly line, the bull market is still there, and the monthly line is just sideways, laying the foundation for the next wave of increases. Even if there is a callback, $60,000 is the limit, and it may not be reached.

The siphon effect of Bitcoin still exists, and the hot spots of altcoins are also continuing, but with the changes in the cycle and the increase in market leeks, the main force is waiting for the wash and looking for opportunities. What we need to do now is to adjust our mindset: many people doubt the end of the bull market, but the more pessimistic voices there are, the healthier the main force's wash-out is, and a big bull market will inevitably come with just the right opportunity.