Rich ladies, if you are free today, you can make an appointment to go to the sea. You can give 🚀💰 anything in the country. You can do anything. Just add more hours🤪
Do you remember my tip on June 14? At that time, I had a vague feeling that Mentougou would have to pay! Sure enough!
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大圣Crypto
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Bearish
Today I have been reminding you to keep a low position, no more than 2 layers of positions! Bitcoin has been very weak in the past two days. The CPI data has been bullish for a while, and then it quickly closed. It is weaker than the US stock market. I feel that there is a potential negative impact! Is Mentougou going to pay compensation? Or is there a case that has seized Bitcoin and is going to be sold?
Lost 400 million! Sun Yuchen's public wallet had $1.4 billion in February, and now it has dropped to $1 billion, a 30% retracement, with a staggering loss of $400 million! So, how much did you retrace? Which coin suffered the most?
History will not repeat itself, but it may be surprisingly similar! I don’t know how many people have experienced the bull market from 20 to 21. That round of bull market: ● The market started to pull in mid-October 20, due to a large amount of capital inflow from the United States; ● At the end of April 21, the weekly line of Bitcoin had a dead cross, and it pulled for half a year; ● After the dead cross, it experienced a 519 plunge, and Bitcoin adjusted for more than 2 months, and started to pull for the second time around July 20; ● Bitcoin pulled until November 23 and began to plummet. With the expectation of US interest rate hikes, it completely entered a bear market And this round of Bitcoin bull market from 23 to 24 has very striking similarities: ● The market started to pull in mid-October 23, due to a large amount of capital inflow from the United States; ● At the end of April 24, the weekly line of Bitcoin had a dead cross, and it pulled for half a year; ● After the dead cross, it experienced multiple single-day plunges, and Bitcoin adjusted for more than 2 months, and then... If you believe there will be a second chance to surge higher, then you will have a good chance to lay out the bottom chips! #BTC走势预测 #牛市下半场
The Ethereum staking sector ETHFI and PENDLE both crashed, and the ETH ETF does not include the staking function. The baton has been passed to the Sol system, and the Solana ETF hype has begun!
💼Fed Chairman Powell, ECB President Lagarde and Brazilian Central Bank President Neto spoke at the Central Bank Forum held by the European Central Bank.
💼The Reserve Bank of Australia released the minutes of the June monetary policy meeting
Wednesday, July 3 **
💼US ADP employment in June
💼US initial jobless claims for the week
Thursday, July 4 **
💼Fed released the minutes of the monetary policy meeting
💼Britain held a general election
💼The European Central Bank released the minutes of the June monetary policy meeting
💼The US SEC may approve the Ethereum spot ETF as early as today
I heard that May is poor, June is desperate, and July is a comeback. Is this a good summary? July 1st will be a good start! Who knows if Mentougou’s coins will lose money this month?
The current market is stagnant, and even if there are some increases, they are just flashes of inspiration. The most important thing at this stage is to protect the principal, watch more and act less, and wait for clear signals before entering the market!
The PCE price index data for May in the United States will be released at 8:30 tonight. PCE is the most concerned inflation data of the Federal Reserve, without a doubt, and will directly affect the pace of the Federal Reserve's interest rate cuts.
PCE is the abbreviation of Personal Consumption Expenditures, which is an important economic indicator to measure the spending of American consumers on goods and services. The PCE index, especially the core PCE index, is regarded by the Federal Reserve as one of the key indicators for measuring inflation.
Composition of the PCE index The PCE index covers a wide range of goods and services, including durable goods (such as automobiles and appliances), non-durable goods (such as food and clothing), and services (such as health care and financial services).
From the specific composition ratio in the figure below, we can see that ● Housing 19.4% ● Medical 16.5% ● Gasoline and other energy 10.7% ● Financial services and insurance 8.4% These four are the most important in the PCE price index, accounting for 55%!
In May, the U.S. second-hand housing contract volume index and existing home contract sales index both fell more than expected; U.S. oil prices also fell slightly, lower than in April; second-hand car insurance contracts also fell. Overall, PCE will decline in May. The forecast value is 2.6, which is indeed 0.2 lower than 2.8 in April. From the perspective of the impact on risky assets, the probability of PCE rising is very low, and it is likely to meet or be lower than the forecast value, which will bring certain benefits.
Wait for the PCE data tonight!
Creation is not easy, welcome to like and forward!
VanEck submitted Solana's spot trust application so quickly!!! The SEC's lawsuit against Coinbase has not yet ended, but it has already been applied for! Is it time for Sol to perform? #SOL的ETF
Finally, the panic index has reached 30 again. How did you say that? Others are afraid of me? There is a high probability that it will fluctuate around 60,000, and the cottage industry has also got a rare chance to breathe. Referring to the trend after the plunge in May 2021, the daily level is oversold, and then it fluctuates up and down to build a bottom. So the strategy is very simple. For the part of yesterday's bottom-picking, leave when there is a strong pressure level. If the big cake is explored again, be brave to increase your position!
This is an order from a female boss I know. She opened a lot of orders two days ago, and now she has lost 10 million yuan. So is the female boss going to quit her job? Is there still hope?
On May 28, I analyzed the impact of the Mentougou incident!!! I have analyzed the compensation plan, amount and impact of Mentougou! If the compensation really starts in early July, it will definitely be bad for the market in the short term. Tens of thousands of BTC will need to be smashed for a while, but it is also a rare opportunity to pick up chips at a low price! Welcome to share your views!
Let me analyze the impact for you. "Mentougou" is the Chinese translation of MT.Gox, a Bitcoin trading platform located in Tokyo, Japan. Before July 2011, 80% of the world's Bitcoin transactions took place on the "Mentougou" trading platform. Even during the bear market from 2013 to 2014, the Bitcoin trading volume of "Mentougou" accounted for 70% of the world's total, making it the world's largest Bitcoin trading platform at the time. In February 2014, "Mentougou" announced on its website that it would stop trading and subsequently filed for bankruptcy. The number of Bitcoins stolen from "Mentougou" reached 850,000 (of which 740,000 were from users). Although MT.Gox has closed down, there are still a large number of BTC, BCH, etc. in its wallet, which must be compensated to creditors. Due to the slow legal process in Japan, it has been claimed that compensation will be paid in the past few years, but it has been postponed in the end. The current regulations require that the compensation be paid before October this year. In 2023, almost all creditors have registered their claims, and a total of 140,000 BTC, 140,000 BCH and about 6.9 billion yen (about US$500 million) must be compensated. MT.Gox has a total of more than 130,000 BTC and BCH, which have not been moved in the past few years, but today it was monitored that 100,000 BTC were transferred out, and they are still being transferred out. The cash part has been paid out in April, which is not much. The total amount of MT.Gox's own funds and the coins sold before should be enough. This has no impact on the market, and some of the funds may even enter the currency circle again. The compensation of coins has not yet begun. Today's operation of transferring BTC may be to compensate the corresponding creditors in the next step. The largest creditors include Bitcoinica, M GIF, BTC-E, which has been shut down by the FBI, Coinlab, etc. Most of these institutions have gone bankrupt, and some of their claims have been sold to other funds in advance. With the sharp rise in the price of coins in the past year, these claims have made considerable profits. This means that only a small part of the coins received needs to be sold to recover the cost. In addition, we are still in a volatile bull market, and it is estimated that only some BTC will be sold. For the market, there will be some selling pressure in the short term, but for the medium and long term, these tens of thousands of BTC cannot stop the trend. Every time Mentougou panicked and fell before, it was an opportunity to buy at the bottom, and this time is likely to be no exception.
The altcoin bear market has already arrived, and it started to turn bearish in April. The only survivor is Bitcoin, and Ethereum is relatively weak. The current hope is on Bitcoin. It is not a bear market unless Bitcoin effectively falls below 60,000. I have said it long ago during the altcoin season, don’t have illusions! I have been asking everyone to keep a very low position in the past two weeks, and I feel that the opportunity is coming!
When you are still fantasizing about the alt season, please look at a set of data: According to the report of Token Unlocks, from 2024 to 2030, about $155 billion worth of tokens will be unlocked. BTC ETF has a net inflow of $15 billion in the past few months. So, after 1 or 2 years, 99% of the alts will be cut in half again. Remember an iron rule: alts only chase hot spots in the short term, and make money to exchange for big cakes or U, don't have a pattern!
The battle to defend 3000 points begins again! After many twists and turns, the A-share market has fallen below 3000 again. Recalling the battle to defend 3000 points in the past, it was in 2010, 2011, 2012. . . . . . 2022, 2023, 2024. . . 😂