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ETH ETF Listing Only Days Left

Normally, investors wouldn’t expect this to happen with only a few days left before a spot ETH ETF is listed. The final filing date for the S-1 form for the ETH ETF application is July 8, and there are speculations that the SEC may approve the listing next week. If approved, it could trigger a significant price increase.

Any increase in ETH prices could be driven by SEC approval or strong inflows or outflows in the first few days. The first targets to watch are $3,413 and $3,475.

Technical Analysis of Ethereum
The recent decline in Ether is part of a larger correction that began after the price encountered resistance at the 200-4-hour exponential moving average (EMA) and the upper boundary of its descending channel.

As of July 4, ETH is testing the lower trendline of the channel for support and could bounce back. However, Ethereum is trading at $3,020, down 6.8%. Despite the decline, the 24-hour trading volume surged 43%, with a market capitalization of $372 billion. #非农就业数据即将公布 #德国政府转移比特币

On the 1-hour, 2-hour and 4-hour charts, ZK shows a clear bearish trend, indicating that the market is currently in a downward state.

Today we need to pay special attention to the dynamics of the key position of 0.1576. If ZK rebounds at this position but fails to effectively break through the two pressure ranges of 0.1667 to 0.1749, it can be judged that the market will continue to decline.

In this case, the target prices below are expected to be at 0.1465 and 0.1337 respectively.
Investors should plan their trading strategies reasonably based on this analysis, and pay close attention to market dynamics so as to adjust their positions in time to cope with possible market fluctuations.

To learn more about the logic of cryptocurrency investment, please visit my homepage! 🌟 #非农就业数据即将公布 #币安合约锦标赛

UNI

According to the current trend, it has reached the support range and has rebounded a little, but this is far from enough, because if the market does not stop falling, it is not realistic to rebound against the trend at this position!

Then the next range support will be in the strong support range box last year, which is basically the price range of 4-3.8u! According to the current trend, it is also possible to reach it. The small support can be added to a position near 5.6. If this position 5.6 is also effectively broken, then wait for the range bottom!

If you want to know more about the relevant knowledge of the currency circle and the first-hand cutting-edge information, click on the avatar to follow me, free guidance homepage introduction #非农就业数据即将公布 #德国政府转移比特币 #Mt.Gox将启动偿还计划

Friends who have been buying at the bottom recently are lying low❓❓

The second wave of orders in the day is also random🐶
[eat melon][eat melon]

Isn’t there still someone who is buying the bottom? I’ve been talking about it for two days, but I still need to wait and see. If I do more, I’ll do it🐶 Still don’t understand? ❓❓Don’t waste thousands of Lirun points just for a few hundred points rebound‼ ️ ​​​​
#德国政府转移比特币 #币安合约锦标赛 #ASI代币合并计划

On July 5, 2024, several important events occurred in the Dexin cryptocurrency circle:

- 9 ETFs in the United States reduced their holdings by a total of 609 BTC.

- The founder of Wintermute pointed out that the current market situation is a seasonal phenomenon in the summer and is expected to recover in August and September.

- If Bitcoin falls to $55,000, it is expected that CEX contracts will have a long order liquidation of $620 million.

- Many mining machines are close to shutdown, which has an impact on the price of the currency.

- Ethereum has an on-chain loan liquidation quota of about $38.3 million around $2,975.

- A whale spent 70 million USDT to buy back 22,713 ETH after unloading leverage an hour ago.

- Biden's election probability fell to a record low, and Trump's election probability rose to 61%.

- On July 5, altcoins generally fell, with PEOPLE, ZK, AEVO, BAKE, and YGG all falling by more than 20%.

- The Fear & Greed Index hit a nearly one-year low, falling from 44 to 29.

- Technical analysis shows that the nearest support for Bitcoin is around $52,000, with strong support at $44,000.

- Mt. Gox has moved 47,000 BTC to another address.

- The German government is selling 50,000 BTC, and has sold 10,000.

- Bitcoin has recently been trading at a discount on Coinbase following the news and sell-off at Mt. Gox.

- The discount is recovering, indicating that U.S. investors are no longer selling en masse.

The price gap between Coinbase and Binance is narrowing, which is a positive sign.

- Bitcoin spot premium has fallen by about 50%, showing that spot selling has led to a price drop.

- Long posts or threads that may mark a market bottom discuss issues such as "cannot sustain a bull market", "ETF failure" and "no replacement cycle".

- Jupiter launched ape.jup.ag and plans to launch a new Solana chain trading method next week.

- Binance will support Galxe (GAL) tokens, swap, increase and upgrade the brand to Gravity on July 15.

To learn more about the relevant knowledge and first-hand cutting-edge information of the cryptocurrency circle, follow me. Junyangli publishes market analysis and recommends high-quality potential currencies every day. #德国政府转移比特币 #Mt.Gox将启动偿还计划 #BTC走势分析

Brothers who are shorting the IO currency! Please line up and come out

The chart shows that the four-hour level closed sideways at 1, and has been going down until today. The profit so far can still be as high as 34.98%!

Go! 👬Brothers! If you still can't occupy the position of 2.546 at this moment, you need to wait for the next purple dot to appear and close (buy point for short orders)
The target position below is around 2.117, but remember, hard work leads to poverty in the currency circle, and the risk is high. You must know how to lock in profits when you see them

If you have been chasing ups and downs, often being trapped, and you don't have the latest news in the currency circle, and you don't have a direction, follow me to check the top #美国首次申领失业救济人数超出预期 #Mt.Gox将启动偿还计划

In the current so-called bull market, the altcoins have fallen even more miserably than in the bear market, and the altcoins have reached a bottomless depth. When Bitcoin rises, altcoins rise slightly, and when Bitcoin falls, altcoins plummet. Especially those VC institutional value coins that have been launched recently, they have been falling all the way, and there is no end in sight.

Now is the bull market correction of Bitcoin and Ethereum, and altcoins have actually entered the bear market long ago.

However, after the correction of Bitcoin and Ethereum, they have to continue to rise to new highs #非农就业数据即将公布 #Mt.Gox将启动偿还计划

To be honest, it's really painful to see the altcoins fall. Bitcoin fell 5%, Ethereum fell 7%, SOL fell 9%, DOGE fell 11%, altcoins plummeted, PEOPLE plummeted 33%, and ORDI.SATS hit a new low.

1: Some altcoins have reached the low point of the past two years, so such a weak new low is inevitable.
AEVO.ZK.YGG.BAKE.X.BIGTIME.W.SATS and others plummeted by about 20%, ...UBI.IO.BOME.METIS.ORDI.BSV.APE.NOT.AR.PEPE and others plummeted by about 15%. The altcoins fell sharply, but there was still no panic.

2: Today is the first Friday of July, non-agricultural data, the market has fallen for two consecutive days, and there is a high probability of bottoming out and rebounding today. In a mid-term adjustment in a bull market, Bitcoin has not fallen much, but many altcoins have fallen by as much as 80%, and some are more than 90%.

Inscriptions, AI, new coins, runes, and weak junk coins that have skyrocketed in the early stage are all the hardest hit areas.
In short, except for the four major mainstream coins, BNB, Ethereum, and SOL, the others are terrible.

To learn more about the logic of cryptocurrency investment, please visit my homepage! 🌟 #非农就业数据即将公布 #ASI代币合并计划 #币安合约锦标赛

From the halving of Bitcoin to now, the rise is obviously weak! Today, I will not talk about technology, but from the perspective of human nature and environment. There are several reasons.

1. The world economy is in recession and consumption is downgrading. This is not only the case in China, but also in the whole world.

2. Due to the recession in the world economy, everyone is holding on to the money in their pockets, and investment is reduced! That is the current stock market.

3. BTC has become a tool for rich people to gamble and manage their finances. For most people, there are not many expectations. It is easy to change 10,000 to 1 million, but it is a little difficult to change 1 million to 100 million. It takes effort to change 100 million to 10 billion, and it is almost very difficult to change 10 billion to 1 trillion. After knowing this logic, you will know that BTC has abandoned the public.

4. For people with a lot of money, BTC is very good at 30% a year, and even 5% is a high interest rate! Therefore, currently, people who play BTC are basically rich people. For the middle class, 30% a year, 5% of the water can't solve anything, let alone for us ordinary people, so ordinary people would rather buy leeks than BTC, because ordinary people's expectations are too high, and BTC's expectations are too low

Finally, to break through this point, we must come up with a new one, take over the narrative of BTC and let BTC continue to create myths in another form. This is why the BTC ecosystem exists. The technology of inscription has long existed, and there are more advanced and fairer models than this. Human nature and environment are the factors that determine everything#非农就业数据即将公布

Bitcoin falls below $57,000, possible reasons:

The price of Bitcoin fell below $57,000 on Thursday, falling 5.6% to its lowest level since early May, contrary to market rebound expectations.

What are the reasons for the decline?

1. Lack of positive sentiment in the spot market and continued selling have weakened the optimism of Bitcoin bulls.

2. Data from CoinGlass shows that the amount of Bitcoin long liquidations is close to $60 million, adding downward pressure on prices.

3. Bitcoin broke through the 200-day moving average (MA) for the first time in 10 months, reflecting increased volatility.

4. Expectations for payments to Mt. Gox creditors, who received 142,000 BTC from July, brought selling pressure amid concerns about market absorption.

5. Investors' concerns about US inflation and interest rates persist, affecting cautious market behavior.

6. Federal Reserve Chairman Jerome Powell's comments on inflation and potential interest rate adjustments have exacerbated risk aversion.

Solana Price Prediction: Technical Analysis and Potential Drivers

Solana (SOL) price has fallen 8.4% in the past 24 hours and is currently trading at $136. The decline could be related to Bitcoin’s break below the key support level of $60,000, an event that also affected other cryptocurrencies.

Short-term bullish 22%: Technical Analysis

Solana price followed the broader market down, executing Bitcoin’s three-day losing streak from $63,490 to the current $58,893. Solana also fell from $155 to the current $136. Despite this, SOL price remains above the 200-day moving average, which is a bullish sign.

The total market capitalization fell 4% to $2.29 trillion, but Solana price still maintains a symmetrical triangle pattern. The asset found support near the 200-day moving average and seems to be rebounding.

Key Support Levels and Upside Potential

SOL price must remain above $128 to continue the bullish trend. Otherwise, a break below this level could lead to a further drop to the critical support level of $87. If bulls take an aggressive advantage, the SOL price could rise 22% to $164 by rebounding from the current 200-day moving average support, which is right at the upper line of the symmetrical triangle.

On a longer time scale, the symmetrical triangle is part of a bullish pattern with room for a breakout. The forecast shows that the symmetrical triangle is expected to rise further by 37% and will push the SOL price to $227, just 12% away from the all-time high.

ETF Favorable Expectations

The news that VanEck and 21Shares submitted the SOL ETF application shook the cryptocurrency space. Crypto enthusiasts called for a Solana altcoin bull run if the ETF is approved soon.

GSR Trading Company scored Solana for the possibility of ETF approval with a score of 0.58, just behind Ethereum (1.13). The ranking is based on decentralization and demand scores. The report said that if the SOL ETF is approved, the asset value could soar 8,900% in this bull run.

ETH market analysis:

K-line pattern: The daily chart shows that ETH/USDT has fallen continuously in the past few days, from the high of 3431.36 on July 3 to the current 3163.4. A clear downward trend has been formed.

From the 4-hour chart, the price has fallen rapidly from 3306.25 to the current 3163.4. There have been many rebounds in the middle but it has failed to break through the previous high, showing a typical oscillating downward trend.

Technical indicators:

MACD: The hourly MACD is in the negative area, and both DIF and DEA diverge downward, indicating that the short-term strength is strong; the daily MACD is also below the zero axis, and DIF and DEA continue to fall, further confirming the medium-term weak pattern.

RSI: The hourly RSI is 25.8, close to the oversold zone, but has not yet entered the extreme oversold state; the daily RSI is also low, about 30, indicating that the market sentiment is relatively pessimistic.

Based on the above analysis, ETH/USDT is currently in a clear downward trend. It is recommended to follow the trend and pay attention to the integer point 3000 as a potential support level, and pay attention to the performance of important levels such as 3150 and 3100. If the price rebounds, consider shorting at resistance levels such as 3200 and 3250.

To learn more about cryptocurrency investment logic, please visit my homepage! 🌟 #Mt.Gox将启动偿还计划 #美国首次申领失业救济人数超出预期 #ASI代币合并计划

Recommended spot strategy for lunch

PEPE current price 0.0 (5) 960, you can enter the market nearby

Profit stop at around 15%-30%

The above is personal advice, you can decide whether to operate or not #美国首次申领失业救济人数超出预期 #非农就业数据即将公布 #Mt.Gox将启动偿还计划

ETH

What is the validity of the position?

How did the position of 3260 come about?

Since the position of 3350 is invalid, the long order is out of the market

Then go to the next position and wait

So you have different ways of playing at different stages

1. If you don’t run at 3350, you can add positions at 3260 with an average price of 3290. You will not lose money at present

2. 3350 is a good run. Enter at 3266 and you have a small profit at present

On the left and right sides, judge your own behavior more to decide your position

Intraday, first use 3250 for defense #Mt.Gox将启动偿还计划 #ASI代币合并计划 #美国首次申领失业救济人数超出预期

YGG at the moment

The 1-2-4 hour level shows short-order forces, and the focus daily price is near 0.5703. The current account has a cumulative profit and loss of 26.17%

As long as the current price is stable and the support level is not broken, the long-order momentum is in sight, and the pressure level is near 0.6791-0.8325-0.0245.

If this daily line is unable to rebound and stretch, then the short trend may continue, and the support level is near 0.5200.

If you have been chasing ups and downs, often trapped, and have no latest news in the currency circle, friends who have no direction, follow me to check the top #美国首次申领失业救济人数超出预期 #非农就业数据即将公布

Why are many people destined not to make big money when investing?

It's very simple. Most people are driven by emotions, not money, when it comes to investing and making money.

Either they are happy for too long after making money, and feel that they have worked hard to make a fortune, so they start to enjoy themselves, and eventually return to living off their savings.

If they lose money once, they are prone to extreme anger and blame others. Communication: BNB9978, and they don't have enough energy to make the next decision.

So, if you want to make a lot of money, remember - "focus on the next step". When something has become the previous step, it essentially has no effect on us.

Don't cry for spilled milk. As long as something has happened, I won't give him 1 second of emotion at all, and immediately move on to the next solution.

I will also encounter a wave of retracement in a certain currency during investment, and I will definitely suffer a floating loss, but I will only focus on the next step, whether to stop loss or cover the position, or whether there are new opportunities for adjustment. In short, the next step can make #币安合约锦标赛 #非农就业数据即将公布 #ASI代币合并计划

PEPE has experienced significant volatility recently

In the past month, PEPE has shown a clear upward trend, with an increase of 531.10%.

The gain over the past three months is 510.54%, although it has faced a decline of about 3% recently.

Currently, PEPE’s price range is between 0.0000107 and 0.0000115, these are key support and resistance levels.

Multiple indicators are showing a positive outlook, and if the price can break above 0.0000126, it may signal the emergence of upward momentum. #非农就业数据即将公布 #币安合约锦标赛

What impact will the passage of Solana ETF have on prices? Which Sol series coins are optimistic about?

SOL is currently the third largest coin after BTC and ETH. In addition, there will be a SOL ecological conference in the second half of the year, and Wall Street is behind the scenes. Funds will enter SOL and the SOL series. Sol may perform similarly to the bulldozer rise of BTC and ETH before and after the passage of ETF

SOL, the leading big brother, has an ETF narrative. This round of bull market belongs to big coin and MEME, so just choose MEME in the Sol ecosystem.

SOL WIF is the first choice for big funds. WIF is the first MEME coin of SOL that is sought after by the world. It is backed by Musk and Wall Street. Therefore, it has a high popularity and is considered to be the representative of the hat dog

Bome BONK is the first choice for medium funds. The market value is fully circulated. BOME is a successful listing on Binance Exchange in just three days. It is similar to the past shiba project, and its potential should not be underestimated. Bonk rebounds fiercely every time, but the wash is more severe

NOS This project belongs to the GPU project on SOL and belongs to the AI ​​project. We have previously analyzed that the current rebound of the AI ​​sector is quite strong. This year, it has performed quite well, with a 700-fold increase in one year, from 0.01 to a maximum of 7.3 in March, which is a new 100-fold coin project born in a standard bear market. The current price has fallen back to around 3.3 US dollars, the current market value is 160 million, and the overall FDV is about 300 million. Compared with RNDR's 3 billion, there is still a lot of room for growth#美国首次申领失业救济人数超出预期 #ASI代币合并计划

Even if Bitcoin does fall below the support level, it will at most usher in a period of decline.

In the secondary market, there are ups and downs. Any coin that you see falling sharply has also risen sharply before. If this batch doesn’t work, switch to the next batch.

The price drop of Bitcoin does not mean that the crypto industry is doomed. Most people don’t have $BTC. When advertising bloggers run out of ads, then it may be doomed.

You can be bearish on the market, but there is no need to be bearish on this industry as well.
#Mt.Gox将启动偿还计划 #美国5月核心PCE物价指数年率增幅创2021年3月以来新低