Bitcoin falls below 60,000, is there still a bull market?
BTC:
Yesterday, Wang suggested that those who want to buy the bottom can wait for the chips below 60,000. Today, the lowest callback reached 58,430, and then it was immediately withdrawn. The current K-line state is a positive hammer line. It is not certain whether it has bottomed out. According to market sentiment, even if it has not bottomed out here, it is not far from the bottom. RSI has entered the oversold area, and the greed panic index has also panicked. Wang believes that the next callback is an opportunity to enter the market to pick up chips.
Jiaoliu峮➕薇:WG65825 Bitcoin can continue to buy low below 60,000, and some strong altcoins can also be bought at low prices at the same time!
eth:
Ethereum's rebound strength is still good. Sun Ge has 1.4 billion US dollars in Ethereum, and he must have received certain news. For Ethereum, we will continue to adhere to the low-buy strategy of buying on dips! #Mt.Gox将启动偿还计划

Mentougou sell-off.
Bitcoin fell to a little over 60,000.
Ethereum fell to a little over 32,000.
The altcoins kept falling.
I have to say that this time the market has exceeded my expectations. I thought that Ethereum's fall to 3,500 should be the bottom line, but I have always been cautious in judging the bottom of Bitcoin. The main reason is that this round of Bitcoin's pull-up is all due to the news of Ethereum ETF, which is passive pull-up.
Ethereum can't pull up this round. In the early stage, it was mainly because some institutions and retail investors did not recognize it after changing to POS, and the development of the chain was indeed not good.
Details determine the result.
For example, Ethereum still has certain problems: after switching to POS, the handling fee has been reduced, which then caused the embarrassment of L2's status, and continued to affect the Ethereum chain.
In short, the last bull market of Ethereum was based on some applications of DeFi and L2. In this round, the handling fee itself has been reduced, L2 has been half-armed, and DeFi has been half-armed due to US supervision.
The biggest value of Ethereum in the past was that it had stable technology, smart contracts, miner support, and high handling fees, which were the basis for supporting its value. Now some of its advantages are gone and it has been replaced by some other chains.
The previous article wrote that "the value of Ethereum is only 10,000, or 0". From a certain perspective, it is about the contradictions and conflicts of Ethereum.
Therefore, dignity is also the foundation for the survival of Ethereum.
So, why do you say that the situation has changed again after the ETF was passed?
Because there is a very realistic situation in this world, logic and reason are weaker than capital, and everything that is recognized by capital has room for speculation.
The surface of the problem is that everyone does know that the Ethereum spot ETF will be passed, which is good news, but the big players are also aware of the embarrassing position of Ethereum, so conflicts arise.
Ethereum 3300, exchange liu峮+薇: WG65825 This position is a relatively average position before the host ETF is passed, and it is also a position that I thought was difficult to fall to before, but it still fell.
This is the uncertainty of the currency circle, and it is also the difficult part of this round of bull market.
The most feared thing about a bull market washout is that there is no negative news. Generally, a washout with the support of negative news is beneficial. The sooner the defense line is broken, the faster the bull market will arrive.
The recent negative news includes:
1. Delay in interest rate cut.I don't think so. There is a high probability of interest rate cuts before September.
2. Miners sell coins.
3. Mentougou paid compensation again today.
The above three points all have certain uncertainties.
The time of interest rate cut may not be postponed. Mentougou will not sell coins, and miners also have a bottom line for selling coins.
These are not changes in fundamentals.
So I firmly believe that in the stage of oscillating downward, there are three positions for bottom-fishing, with the big cake as the benchmark, which is to gradually bottom-fish.
And only buy when there is bad news, not when there is more news.
Because every bull market starts with bad news, usually it is less operation and less buying. #Mt.Gox将启动偿还计划 #BTC

After Bitcoin fell below the 120-day moving average support, it began to weaken continuously. During this period, there was no major positive news released, so the recent decline was relatively smooth. Today, judging from the decline of Bitcoin's daily line, the daily line has begun to accelerate. When the daily line begins to accelerate, it is not far from the bottom of the callback. We are not afraid of its decline, but we are afraid that it will not bottom out. From a technical perspective, the probability of Bitcoin falling to around 60,000 is quite high. Those who want to buy the bottom can wait for around 60,000 or below 60,000. The market will not fall all the time. Brother Sun bought 1.4 billion US dollars of Ethereum. It should be that the ETF is about to go online. The exchange of Liu峮➕薇:WG65825 should bring a wave of market at that time!

In the market of wash trading and speculation, is there much room for bargains?

Yesterday I read a comment that made me laugh all day, maybe because of my professional aspect, I have a low laugh point. This comment is: "Which one has fallen by 90%, go in and get involved" This is a very scary thing. For a stock, whether you get involved at 100 or 10, when the price falls to 0, the chips you buy are all 0, so the currency in the market is not safer the cheaper it is, and it is not safer the more it falls.

Some people will think that anyway, the price has fallen by 90%, it will definitely rise back. If so, Genghis Khan's iron hoof should have returned to Europe long ago, so your perception of cheapness and rising back is unreliable. Specific things should be analyzed in combination with current conditions, and you cannot use cheapness and falling so much as the standard for subsequent market intervention.

Then, let's go back to the past, Luna has already fallen by 99%, but you don't know that there is still 99% after 99%......, any 99% will quickly clean up your position, not to mention that there are several processes to go to 0 later,

ICP has fallen from 400 to 28 since its launch, but do you think this is the limit of its decline? On the contrary, it ran to 3 in the subsequent decline, which is already a self-destructive currency. It looks cheap, but who can tell where the real bottom is? It may be directly offline in another two years if it is not ideal. If it falls 90% from 400, it will fall to 40; 40 falls 90% to 4, and any currency and any chips cannot withstand two 90% declines.

Previous bull market: not many currencies, ETH2.0, DEFI boom, zoo, rotation effect, great opportunities to make money every month.

Current bull market: currency flooding, US stock market trend, even big positives can't push, can't last more than three seconds, no profit to be made.

It's harder to play than a bear market, and more uncomfortable than a monkey market. #LayerZero #币安合约锦标赛

What is the cost of this round of big cakes? Will there be another sharp drop?

1. Today is June 21st. The BTC price is 64510. In terms of the time structure, the BTC has passed a 3-day oversold cycle in the short term. However, according to the rules of BTC, as long as the negative line is enlarged, there will be a rebound on the same day or the next day, and the decline is on the side of long buying. At the daily level, the negative line is large and the positive line is small, with more negative lines and fewer positive lines. The offline state has not stopped falling and stabilized, but the institutional cost is between 57800 and 61500. It is recommended to close the short position when it sees good results.
2. Some altcoins have already seen a daily low-level big positive line. The low-level big positive line after the decline is a stop-loss signal, which can last for 8 to 12 days. In the short term, remember to always pay attention to strong coins. Pay attention to NEAR/ARKM during the day. In the evening, there will be a short-term long opportunity for BTC. The short-term pressure level of BTC is 65950 ~ 66380, and the short-term support level of BTC (short) is 64110 ~ 63230. #BTC走势分析

The altcoins have fallen and then rebounded. Is it time to pick up bargains?
After experiencing a large-scale wash of the altcoins, there is no need to cheer for the rebound of dozens of points in the market, thinking that the market has bottomed out. The real bottom is always slowly polished out. This is still a time to wait patiently. Most currencies will be neither dead nor alive for a period of time at this time. There is also a solid reason for the wash. Don't stop until the goal is achieved. Give the market a brewing time.

At present, it is not a big range for BTC, let alone a double top. There has been no plan to come down. Even if it returns to the range above 70,000 according to this progress, it is easy, less than 8%. If it is operated in a week, it is even easier. The current market is obviously not so pessimistic.

For ETH, this period of time is not a fund-raising. Combined with the previous trend, it is a self-rescue market. To be more precise, it is a repair of the previous form in time. Because if it doesn't go this way, there will be no way to go later. If it goes this way, the air force's ammunition can be collected. The support point of 3050 is still the main one. #BTC走势分析 #以太坊ETF批准预期

Bitcoin fell below the support of the 120-day moving average yesterday and fell slightly again today. Subsequently, affected by the positive news of Ethereum, the market rebounded across the board. Ethereum, Ethereum staking and meme sectors rebounded strongly. Wang Ge mentioned before that the current market weakness is caused by the lack of positive promotion. Only when there is good news, the market will respond. The next thing that can cause a big stimulus to the market is the launch of Ethereum ETF, which is expected to happen within a month. Therefore, even if Bitcoin falls below the support of the 120-day moving average, it cannot be overly bearish. Because as long as the good news comes out, it will instantly pull up. Continue to maintain confidence and firmly adhere to the strategy of buying low and holding. #BTC走势分析

Which value coins have reached the value trough? Which projects are worth buying at present?

1. FET, the AI ​​concept project we talked about before, the uPoW mechanism, the star team, has fallen from the highest point of 3.4 to 1.2, and the decline has also reached 70%. Because our three giants, FET, Ocean, and AGIX will merge into a new token ASI, so the strong combination will definitely rise in the future.

2. AGIX, also a leading AI project, it is an AI platform. The current highest point is 1.4 US dollars, and the current 0.5 US dollars, which is also a decline of 70%.

3. RNDR, also a previous 100-fold coin, the leader of the depin player that the Americans particularly like, has performed very strongly, with a highest point of 13.4 US dollars and a current price of 7.2 US dollars, a decline of more than 50%.

4. AR, the second dragon in the storage track, has surpassed the first dragon FILE in this round of performance, with a highest point of 48 and a current price of 24, a decline of 50%.

5. NEAR, the leader of sharded public chains, is also a high-speed public chain. The highest point was $9, and the current price is $4.7, a drop of more than 50%.

6. AKT, similarly, it is also in the Depin track. It has performed very strongly this year. The highest point in this round is $6.4, and the current price is $2.7, a drop of more than 60%.

7. Ocean, also one of the three major AI carriages mentioned above, Ocean is engaged in big data. It may be because the previous merger news rose too much, so these three guys fell really badly this round, the highest point was $1.5, and the current price is $0.5, a drop of more than 70%.

8.ordi&sats, the leader of the inscription project, has fallen sharply this round. The highest peak of ordi was 89 US dollars, and it is currently 38 US dollars, with a drop of more than 60%; but sats has fallen more sharply, with the highest peak of sats being 0.0009 and the current 0.00017, with a drop of more than 80%. If you want to say whether they can still rise, I think they should be about the same.

9.W, a project that was just launched some time ago, the leader of cross-chain interoperability, and also a project with a strong team and strong financing. It has been online and maintained at around 1.4, and is currently 0.3, which is really miserable. The only problem is that it has just been launched and there are still a lot of unlocked ones. The fundamentals of the project are definitely OK.

10.Gala, the leader of the chain game platform, although the currency was stolen before, it is still the leader. This is an indisputable fact. The highest peak was 0.08 US dollars, and now it is 0.02 US dollars, with a drop of more than 70%#币安合约锦标赛 #币安上线ZK

Today, Bitcoin broke through the 120-day moving average, causing the overall market to plunge in the morning, especially the altcoins, which fell by more than 10%. As Bitcoin recovered the 120-day moving average, the market also rebounded. Next, it depends on whether Bitcoin can close above the 120-day moving average. If it closes above the 120-day moving average, there will be a chance in the short term. If it closes below the 120-day moving average in the near future, the short-term will continue to adjust downward until a big positive appears to save the current weak market. Brother Wang believes that the bull market is not over yet, Ethereum's ETF has not yet been launched, and there is also an expectation of interest rate cuts this year. Therefore, there will be at least one or two waves of medium-term rising markets in the future. Stay confident in the long term, and take a proper rest and wait and see in the short term! #BTC走势分析

The long-short confrontation has entered a white-hot stage. It can be seen that BTC is approaching the 120-day bull-bear line.
In the past ten years, every time BTC breaks through the 120-day line, it will always usher in a big bull market. On the contrary, if it falls below the 120-day line, it will always plummet and weaken, so many people call the 120-day line the bull-bear line.
For example, in 2021, BTC fell below the bull-bear line, and then plummeted all the way, entering a two-year bear market, and most of the spot fell by 95%.
Until the beginning of 2023, BTC broke through the bull-bear line with a large volume, and the bear market came to an abrupt end. It is worth noting that since 2023, every time BTC fell to the vicinity of the 120-day line, it would always quickly pull back.
BTC is once again approaching the bull-bear line of $65,000, and it has become a key long-short window. Brother Wang believes that at this time, it is better to stay still than to move. It would be better to wait for the mainstream to confirm the bottoming out before considering intervention.

BTC:
BTC: ETF funds outflow, which plays an expected role in selling pressure on BTC. BTC bottomed out along the 5-day line, and the hourly line drew a door and probed downward, confirming the top selling pressure. The upper 66222 US dollars is the key point of the M head. Only by standing firmly at 66222 US dollars can it build a bottom and strengthen, and go out of the repair market. With the weakening of the long volume, BTC rebounded from the bottom, and then BTC fell back at 66222 US dollars.

Resistance level: 66222, 67023, 67656
Support level: 64678, 64102, 63638

ETH:
The ancient address sold a large amount of money, which played an expected role in selling pressure on ETH. ETH turned weak, the hourly line top continued to decrease, and the shorts increased their selling strength. The upper 3488 US dollars is the key point of the resistance line. ETH broke through 3488 US dollars with a large volume, and then it could quickly pull up and return to the long market. Next, ETH fell back at 3488 US dollars.

Resistance: 3488, 3594, 3672
Support: 3352, 3263, 3174#BTC走势分析

BTC:
BTC: Option positions have risen sharply, and volatility is expected to come. BTC fluctuates and remains flat. The hourly line has repeatedly inserted pins and fallen back, confirming the top selling pressure. The upper $66955 is the key point of the box formed on June 14. BTC can quickly rush up and strengthen, and enter the bullish rush trend. Next, BTC will test $65732.
Resistance level: 66955, 68053, 68784
Support level: 65732, 65065, 64357
ETH:
The zk bridge storage ETH soared, which played a supporting role for ETH. ETH is flat along the 5-day line. The upper $3631 is the key point of the M head on June 12. Only by standing firmly at $3631 can it build a bottom and strengthen. The hourly line bullish volume continues to weaken, indicating that the bottom support needs to be tested. Next, ETH will rise to test $3631.
Resistance: 3631, 3709, 3775
Support: 3536, 3464, 3398

The next half month is not suitable for speculating in cryptocurrencies. In addition to zks, L0 will also come to suck blood. These two big airs, don't buy the cottage next time, avoid risks.
It is impossible for off-market funds to buy these new coins or some old cottages, such as BlackRock Fidelity and other top institutions, which will only participate in the transfusion of BTC and ETH through ETFs, or tokens that may be listed on ETFs, and will not participate in these garbage airs.
The correct operation of retail investors is: follow BlackRock to buy BTC and ETH, smash these new coins if there is an airdrop, and don't touch any if there is no airdrop.
(Not everyone can make money by doing cottages, basically most of them lose money, don't learn from me, it's not meaningful for reference)

3-5x coins worth buying after the callback

1. RWA: ONDO
Market value: 1.86 billion
Total market value: 13.3 billion Potential multiple: 3
Small coin allocation ratio: 10%
Investment logic: RWA leader, easiest to land first after compliance

2. Wallet track: BWB
Market value: 50 million
Total market value: 500 million
Potential multiple: 4
Investment logic: The leader of the wallet track, the son of Bitget Exchange, almost halved from the high point one week after going online, completely cleaned up

3. Sol ecosystem mev: JT0
Market value: 380 million
Total market value: 3.1 billion
Potential multiple: 3
Small coin allocation ratio: 9%
Investment logic: SOL ecosystem essential middleware

4. Bit Market Second Layer: BB
Market value: 220 million
Total market value: 1.07 billion
Potential multiple: 5
Small coin allocation ratio: 6%
Exchange: WG65825
Investment logic: Bitcoin layer 2 network supported by Binance

5. Re-staking, DEFI: PENOLE
Circulation market value: 830 million
Total market value: 1.4 billion
Potential multiple: 5
Small coin allocation ratio: 10%
Investment logic: Interest rate swap, can include various types of DeFi

6. DA layer leader: TIA
Circulation market value: 1.62 billion
Total market value: 8.9 billion
Potential multiple: 5
Small coin allocation ratio: 5%
Investment logic: The first public chain of the DA layer, occupying a large market share

7. Re-staking: SSV
Circulation market value: 370 million
Total market value: 420 million
Potential multiple: 5
Small coin Allocation ratio: 9%
Investment logic: Re-staking middleware is a must-have

8. Cross-chain bridge: AXL
Circulation market value: 530 million
Total market value: 880 million
Potential multiples: 5
Small coin allocation ratio: 10%
Investment logic: A cross-chain bridge that cooperates with multiple traditional giants
3-5x pools are pools with strong certainty and low risk. In the late bull market, there is a chance to outperform the increase in Bitcoin. Select the leaders of each sector after ranking 50. Since it belongs to the medium and long-term logic, please conduct your own research and find a reasonable buying opportunity. Profits and losses are at your own risk.

BTC66000, with washing as a supplement and sneaking up as the main?

BTC was a little anxious during the consolidation period. From the trend pattern of the entire range, it was not a real intention to fall, but a repetition of an action - "washing". While washing, looking at the recent performance, it went up and down. This is completely waiting for an opportunity, first exchanging time for space, and getting out of a disordered market to prepare for the final breakthrough.

BTC has finally reached this city, and it will not withdraw its troops easily. After withdrawing from this position, it will be more difficult to attack again, and the trading funds will have to be multiplied geometrically. This is determined by the general trend. If you want to attack, there is only this one blow, and there is no retreat.

The waterfall of altcoins is just a supporting role, cooperating with the decline of Bitcoin to complete the washing of BTC. As for most currencies, they are a matter of first-line solution. It only takes one minute to regain lost ground. All the declines in the past are illusions. The truth is that people are washed out.

$io opened at $3.75 yesterday.
This price is not high, and there is limited room for decline.
In terms of narrative ceiling, it is more imaginative than $fil $rndr.
If the business model can be run through,
It is not difficult to exceed the market value of the two above.

In terms of first-level k mining: I understand that the cost is between 0.7u-1.5u.
This group may have a large number of people outside the currency circle participating.
Many people are not very familiar with the currency circle.
They basically sold it when it went online.

VC: $io raised $30 million in round A financing at a valuation of 1 billion in March.
Now it is 3.2 billion in fdv and 400 million in circulation valuation.
The profit of investors is not very high.

In terms of token unlocking: the lifting period will not come until next year.
The third season is expected to start soon, but will the ratio of points to tokens remain unchanged?
This is also an unknown.

Look forward to $io bringing the narrative of the Ai sector #第55期新币挖矿IO #IO价格预测