Grayscale's Ethereum outflow is getting smaller and smaller, which is a good sign
It is the last day of July in 2024. As of this moment, the trend of the crypto market is not perfect. It seems that the Trump effect is gradually fading, and Harris's popularity seems to be rising. Looking back at the crypto market in July, the German government's selling of Bitcoin first caused a market crash, and later we found out that these were all blunders. The German government's selling was all done off-market. The subsequent Mentougou black swan event continued to ferment until Bitcoin fell to $53,269 on July 5 and stabilized! With Trump's ear being pierced by a bullet on July 13, the Trump effect began to ferment, and Trump made a lot of promises at the Bitcoin conference, Bitcoin broke through the long-lost 70,000 US dollars in one fell swoop. However, news appeared that Mt.Gox transferred out 0.02 bitcoins for testing, and the US government transferred out 2 billion US dollars in bitcoins, causing Bitcoin to fall to a low of 65,300 US dollars!
My friend joined the private board in July last year, and now his assets have reached 366W! From nothing to something, just because of a simple belief, he became an excellent trader!
Use some simple logic to understand the current market situation:
Use some simple logic to understand the current market situation: 1. Bitcoin monthly chart shows that the bull market is very obvious. Currently, the monthly chart has only crossed a few lines. It is normal to consolidate near the new high, wash out the profit-taking, and provide support for the next wave of rise. As I said before, the maximum callback to 60,000 is the limit, and it may not reach that! This phenomenon occurred when Bitcoin reached $6,000 in the 2017 bull market and before the start of the second wave of the main uptrend in 2020, when Bitcoin was around $10,000. (It consolidated around $10,000 for 6 months) 2. Shanzhai needs to learn to delay the enjoyment: the siphon effect of Bitcoin is still there, and the hot spots of Shanzhai are still there, but they are delayed in time as the cycle changes. Especially now that there are so many leeks and so many currencies, the main players are also waiting through the wash, taking advantage of the momentum to launch opportunities. (The Shanzhai indicators for Bitcoin are currently at the bottom, pointing to the eve of the outbreak)
Use the two-time entry method: 2% position, close the position one by one, 10 times
First support: around 44; second support: around 40 First pressure: around 53; second pressure: around 57
You can cash in at any time when you make a profit, or you can take profit at the support or pressure level! For example, if the daily level is rising and the support level is met, you can go long, and you can cash in at any time when you make a profit, or you can take profit at the pressure level!
Use the secondary entry method: 2% position, position by position, 10 times
First support: around 0.000207; second support: around 0.000187
First pressure: around 0.000252; second pressure: around 0.000277
You can cash in at any time if you make a profit, or you can take profit at the support or pressure level! For example, if the daily level is rising and the support level is met, you can go long, and you can cash in at any time if you make a profit, or you can take profit at the pressure level!
Last night's crypto market trend actually reproduced the roller coaster market. First of all, the release of the US CPI data was better than expected, which was good for the crypto market. Bitcoin rebounded in a short time and broke through 70,000 US dollars, with a maximum increase of 5.8%. Ethereum rose to 3657.31 US dollars with a maximum increase of 6.4%. The altcoins also rebounded across the board!
However, the Fed's interest rate meeting in the early morning maintained the interest rate unchanged, especially the speech of the Fed's top boss, which was ambiguous and full of nonsense, showing the smooth voice of the "fox". These were interpreted by the market as hopeless interest rate cuts, and the "hawks" occupied the upper hand. Therefore, Bitcoin once again experienced a large fluctuation trend in the early morning, falling to a low of 67427.6 US dollars, with a large fluctuation range!
In particular, yesterday, the US Bitcoin spot ETFs once again reduced their holdings. 9 Bitcoin spot ETFs reduced their holdings by 2,199 BTC yesterday, of which: ARK21Shares reduced its holdings by 840 BTC (-58.6 million US dollars), and currently holds 48,199 BTC (3.36 billion US dollars). Grayscale reduced its holdings by 580 BTC (-40.5 million US dollars), and currently holds 283,966 BTC (19.81 billion US dollars).
However, institutional analysts believe that the negative impact of the ambiguous "eagle voice" of the top boss of the Bank of China will be digested by the market soon, and it is highly likely that the crypto market will rebound in the second half of June!
The following is the data of the strategy group on June 10. All points are corresponding to the strategy orders. The pending order means buying, with 0 error! The profit and loss ratio is very high! Please review your own positions and gradually become familiar with the order-following process. Congratulations to all the friends who have made money!
Use the two-time entry method: 2% position, close the position one by one, 10 times
First support: around 0.108; second support: around 0.989 First pressure: around 0.132; second pressure: around 0.144
You can cash in at any time if you make a profit, or you can take profit at the support or pressure level! For example, if the daily level is rising and the support level is met, you can go long, and you can cash in at any time if you make a profit, or you can take profit at the pressure level!
The real bull run in the crypto market may come in the third quarter!
Before the Federal Reserve releases the data, the market is likely to have no trend, that is, it will be dominated by fluctuations. Buy when it falls too much and sell when it rises too much. Don't chase the rise and sell the fall! In general, the Ethereum ETF hype will definitely come again. Currently, many Ethereum series products are at low levels. Now is a good opportunity to ambush and increase positions. Buy when the price falls and sell when the price rises! The real bull market in the crypto market is in the third quarter, so everyone should have confidence and never give up. Whether it is a short-term adjustment or a decline, it is all to accumulate energy for the big bull market. Hold on to the spot and hold firmly, especially high-quality assets.
Use the secondary entry method: 2% position, position by position, 10 times
First support: around 2.66; second support: around 2.43 First pressure: around 3.31; second pressure: around 3.55
Currently, it is an upward trend at the daily level. It is recommended to do more near the support level! You can take profits at any time, or you can take profits at the support or pressure level! For example, if you go long at the support level, you can take profits at any time, or you can take profits at the pressure level!
1. CPI data will be released at 20:30 on Wednesday night. If it is lower than expected, it is positive. Otherwise, it is negative.
2. The Federal Reserve will announce the interest rate decision and economic forecast summary at 2 am on Thursday, and then Powell will give a speech.
Powell is a bit of a dog. Every time the data is released and before his speech, the market is falling. Everyone should pay attention. If the data is positive, the market will go up!
If you want to increase your spot position, either wait until the CPI is positive before increasing your position, or enter the position now to gamble, and then make up for it when it goes down!
In October 2020, Grayscale has been buying, why doesn't BTC rise? In December 2020, Grayscale has been buying, why doesn't BTC rise? In January 2021, Grayscale has been buying, why doesn't BTC rise?
A sudden turn!
In February 2024, BlackRock has been buying, why doesn't BTC rise?
In June 2024, BlackRock has been buying, why doesn't BTC rise?
Five coins worth watching: 1. ACE The circulating market value is 140 million US dollars. Under the leadership of the leader of the same sector, NOT, the technical side has tested support three times; 2. FET The star of the artificial intelligence sector is expected to usher in a wave of attention in the first year of AI; 3. FLOKI Running on the Ethereum network, holders have a say in the decision-making process of the future development and direction of the project. 4. ORDI The leader of the inscription sector, after the breakthrough of the big cake, the Bitcoin ecosystem will directly start to drive 5. BOME The Book of Memes, commonly known as BOME, is an experimental project "prepared to redefine web3 culture".
Before the big bull market comes, you must know the currencies in each sector. If you really don’t know what to buy, then buy one of the leading coins in each sector! [Follow! Collect!]
1. Public chain sector ETH, SOL, MATIC, FTM, ADA, AVAX, DOT, ATOM
Today is Monday, and one third of June has passed. On June 11, the US CPI will hit hard. The Federal Reserve will hold interest rate meetings on June 12-13. The people of the Federal Reserve will be inflamed again. The market is also speculating whether they are "hawks" or "doves"!
Judging from the current market performance, the Dow Jones has fallen from its previous highs, and the Nasdaq has performed strongly with the support of AI. Bitcoin's trading volume has reappeared and remained sideways above 69,000. Ethereum has repeatedly traded at 3,700 points. The market is in a wait-and-see mood. Obviously, it is affected by the macro-economic situation. The whales and institutions attach great importance to the announcement of this CPI!
ORDI is eternal, and one will be passed down forever! All people in the currency circle should buy ORDI, which is fair and priceless!
Friends who have bought ORDI, don’t be fooled by others to get off the train. Every ORDI is precious, and the circulating chips will only become less and less. Be careful not to be cheated of your ORDI by other junk projects!
Our small team of private directors holds more than 100,000 ORDIs, and there are only 21 million ORDIs in total. It would be a miracle if they don’t fly in the future!
The bull market will at least be 10 times, which means a market value of 10 billion. Now it is only 1.2 billion. This is the new narrative leader of this round of bull market. In fact, I think PEPE can’t compare with it in the future!
Compared with ORDI, PEPE can’t compare with it at least in terms of issuance. ORDI has 21 million, and Binance has 200 million customers. As long as 1/10 of the people come to grab it, it will be gone in an instant!
Ordinals has changed the way of issuing coins, and its status is the same as Ethereum. From this point of view, a market value of 100 billion is enough to squeeze into the top ten of the encryption rankings, and there is still 100 times of space!