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Reasons for BTC's plunge, war and major market wash. Who is the real culprit? ?
The currency circle is in turmoil again: An in-depth analysis of the real reasons behind the decline of BTC📉, who is the real culprit in the war and the main washout?
Today, many currency friends are talking about the plummeting market 📉📉📉. Many currency friends are saying that this drop is caused by Gouzhuang deliberately washing the market, or the main force in the United States is selling, and some are saying that the United States joint institutions are harvesting retail investors. Although they are different, the main content is that this drop should be a deliberate move. Even the war between Iran🇮🇷 and Israel🇮🇱 is a forced excuse to cover up the truth behind the sickle🔪.
There is no way to directly say whether such a statement is definitely right or wrong, but from a data perspective, it is very likely that this statement means killing one thousand enemies and losing five thousand to oneself. The banker cannot always increase the stock price. During the break, or in other words, shipments are always required, and the higher the price, the deeper the drop. Review the entire washing process, whether it is V-shaped or arc-shaped, the dealer is exchanging chips, selling on the left and taking on the right. As for the matter of washing the market, we must treat it correctly. If it falls and then rises, it is called a wash. If it falls but does not rise, it is called a peak. In my opinion, the current situation is to use both shock accumulation and range accumulation.
Why do I say this? Because judging from the structure of transfers on the BTC chain, this batch of people who conform to the layout of the so-called "bookmakers" or institutions are probably in the range of US$40,000💵 to US$60,000💵, which is exactly before and after the adoption of the ETF. However, this part of BTC does not show signs of large-scale departures, and even investors whose overall holding price is below $60,000 do not show many signs of leaving.
There was indeed a high change of hands at $3,000. Although it has happened in the past, it should have nothing to do with the recent market. After all, the chips at this position have not changed much since the decline. On the contrary, the investors who changed hands the most were those investors who lost more than $64,000💵.
That’s why I said that if the so-called main force buys BTC at a high price and uses it to raise funds, then it will probably be lost. Even if the expectation of war may rise🆙, I haven’t seen it. Too many earlier investors walked away.After all, the data on the chain is the most accurate. If you say that someone has tens of thousands of BTC and puts them in the exchange waiting to crash the market, I dare say that you don’t dare to believe it.
And from the daily data, we can also see that the BTC that is basically temporarily transferred from the outside is the main reason for the price drop📉, and most of these BTC will be withdrawn from the exchange, which is also one of the reasons for the decrease in liquidity.
From the data of the exchange, we saw a gap of nearly 10,000 BTC before the market opened. At 22:10 Beijing time yesterday, another 3,400 BTC were transferred to the exchange, and the total gap was as high as more than 13,000 BTC. However, at 23:10 Beijing time yesterday, more than 10,000 BTC were suddenly consumed, and there were some scattered consumption. The current BTC stock in the exchange has once again refreshed the lowest point in nearly six years.
Will it go up or down next? Again, I am a casual person, and I have not reached the stage of ascension. What I am saying now is all guesswork. The key to the market trend is whether the current narrative has changed. It has been mentioned in the early stage that as long as the war does not worsen, there will not be too extreme situations if the expectations of the Fed do not change too much. In particular, you can look at the US stock market first. If the US stock market is good, then BTC and ETH will not experience a big crash. The conflict and war I am talking about are not limited to Iran and Israel, but more inclined to the further deterioration of the conflict between Russia 🇷🇺 and Ukraine 🇺🇦, and there is also the T million problem!
What does this mean? Welcome to leave a message in the comment area to discuss and communicate with each other!
The currency circle is in turmoil again: An in-depth analysis of the real reasons behind the decline of BTC📉, who is the real culprit in the war and the main washout?
Today, many currency friends are talking about the plummeting market 📉📉📉. Many currency friends are saying that this drop is caused by Gouzhuang deliberately washing the market, or the main force in the United States is selling, and some are saying that the United States joint institutions are harvesting retail investors. Although they are different, the main content is that this drop should be a deliberate move. Even the war between Iran🇮🇷 and Israel🇮🇱 is a forced excuse to cover up the truth behind the sickle🔪.
There is no way to directly say whether such a statement is definitely right or wrong, but from a data perspective, it is very likely that this statement means killing one thousand enemies and losing five thousand to oneself. The banker cannot always increase the stock price. During the break, or in other words, shipments are always required, and the higher the price, the deeper the drop. Review the entire washing process, whether it is V-shaped or arc-shaped, the dealer is exchanging chips, selling on the left and taking on the right. As for the matter of washing the market, we must treat it correctly. If it falls and then rises, it is called a wash. If it falls but does not rise, it is called a peak. In my opinion, the current situation is to use both shock accumulation and range accumulation.
Why do I say this? Because judging from the structure of transfers on the BTC chain, this batch of people who conform to the layout of the so-called "bookmakers" or institutions are probably in the range of US$40,000💵 to US$60,000💵, which is exactly before and after the adoption of the ETF. However, this part of BTC does not show signs of large-scale departures, and even investors whose overall holding price is below $60,000 do not show many signs of leaving.
There was indeed a high change of hands at $3,000. Although it has happened in the past, it should have nothing to do with the recent market. After all, the chips at this position have not changed much since the decline. On the contrary, the investors who changed hands the most were those investors who lost more than $64,000💵.
That’s why I said that if the so-called main force buys BTC at a high price and uses it to raise funds, then it will probably be lost. Even if the expectation of war may rise🆙, I haven’t seen it. Too many earlier investors walked away.After all, the data on the chain is the most accurate. If you say that someone has tens of thousands of BTC and puts them in the exchange waiting to crash the market, I dare say that you don’t dare to believe it.
And from the daily data, we can also see that the BTC that is basically temporarily transferred from the outside is the main reason for the price drop📉, and most of these BTC will be withdrawn from the exchange, which is also one of the reasons for the decrease in liquidity.
From the data of the exchange, we saw a gap of nearly 10,000 BTC before the market opened. At 22:10 Beijing time yesterday, another 3,400 BTC were transferred to the exchange, and the total gap was as high as more than 13,000 BTC. However, at 23:10 Beijing time yesterday, more than 10,000 BTC were suddenly consumed, and there were some scattered consumption. The current BTC stock in the exchange has once again refreshed the lowest point in nearly six years.
Will it go up or down next? Again, I am a casual person, and I have not reached the stage of ascension. What I am saying now is all guesswork. The key to the market trend is whether the current narrative has changed. It has been mentioned in the early stage that as long as the war does not worsen, there will not be too extreme situations if the expectations of the Fed do not change too much. In particular, you can look at the US stock market first. If the US stock market is good, then BTC and ETH will not experience a big crash. The conflict and war I am talking about are not limited to Iran and Israel, but more inclined to the further deterioration of the conflict between Russia 🇷🇺 and Ukraine 🇺🇦, and there is also the T million problem!
What does this mean? Welcome to leave a message in the comment area to discuss and communicate with each other!
See original
Will there be a big drop after the halving? The following points will tell you the truth!
1. Everyone should know that the cost of the institutions to buy this time is about 50,000 to 60,000 U.
2. People who know the industry know that the price fluctuations before and after each halving are quite large.
3. After the halving, Bitcoin will become more and more difficult to mine, because there are not many left, only more than one million are waiting for us to mine. Miners also have to change new equipment to deal with it.
4. After the Hong Kong ETF was passed, big money has not really entered the market. Just like the last time the US ETF was passed, it took a while before it started to rise. This is great news!
5. It is expected that the market will stabilize in May, and from June to September, it will take off, and the price may first rush to the range of 82,000 to 93,000.
1. Everyone should know that the cost of the institutions to buy this time is about 50,000 to 60,000 U.
2. People who know the industry know that the price fluctuations before and after each halving are quite large.
3. After the halving, Bitcoin will become more and more difficult to mine, because there are not many left, only more than one million are waiting for us to mine. Miners also have to change new equipment to deal with it.
4. After the Hong Kong ETF was passed, big money has not really entered the market. Just like the last time the US ETF was passed, it took a while before it started to rise. This is great news!
5. It is expected that the market will stabilize in May, and from June to September, it will take off, and the price may first rush to the range of 82,000 to 93,000.
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It has been 6 weeks since the market switched from unilateral to oscillating mode.
From the perspective of trend traders, this state is commonly known as garbage time.
It is more about waiting and watching, rather than entering the game.
However, how to judge whether the unilateral switch is a oscillating cycle is a technical job and it is quite difficult.
The unilateral trend is suitable for chasing ups and downs, and the oscillating trend is suitable for bottom-fishing and top-touching.
It is easier said than done. It is very difficult to make money in both states.
It is enough to focus on one mode.
So, now it is still a state of continuing to hold spot positions and waiting and watching for empty contract positions.
I expect the unilateral trend may start around the beginning of May.
Wait for the development of the trend
From the perspective of trend traders, this state is commonly known as garbage time.
It is more about waiting and watching, rather than entering the game.
However, how to judge whether the unilateral switch is a oscillating cycle is a technical job and it is quite difficult.
The unilateral trend is suitable for chasing ups and downs, and the oscillating trend is suitable for bottom-fishing and top-touching.
It is easier said than done. It is very difficult to make money in both states.
It is enough to focus on one mode.
So, now it is still a state of continuing to hold spot positions and waiting and watching for empty contract positions.
I expect the unilateral trend may start around the beginning of May.
Wait for the development of the trend
See original
Triggering rules for stop loss and stop profit
Although the words of the big guys who make a living by speculating in cryptocurrencies are still ringing in my ears, I have tried to understand them, but I have not yet reached that level. Stop loss and stop profit are still necessary.
Stop loss tests the determination to kill and the action of a knife! The simpler the stop loss rules, the better! What percentage stop loss, support level stop loss, and moving average stop loss are all a bit complicated. After long-term practice, the most efficient is the absolute loss amount stop loss. There are two specific situations, taking a 100,000 account as an example:
① The loss amount of a single coin exceeds 10,000 yuan → stop loss for clearing coins
② The loss amount of the account exceeds 20,000 yuan → stop loss for clearing positions
When the account is N times of 100,000, the stop loss amount is also increased by N times.
※Note: Stop loss must be unconditional and without reason! Any conditions and reasons must give way to the absolute loss amount stop loss.
Stop profit requires judging the situation and dynamically adjusting the stop profit and target amount of a single coin. When the stop-profit condition is triggered, we must overcome greed and luck, and avoid procrastination and slow action.
Take the Landlord game as an analogy: when it is 50,000 beans, you can stop profit at 25,000 beans, and the target is 100,000 beans. When it is 100,000 beans, you can stop profit at 50,000 beans, and the target is 200,000 beans. And so on. When the stop-profit is triggered, exit the game or play something else.
For individual coins, after buying on the same day, if the trend is in line with expectations and no adjustment is required the next day, sell according to the stop-profit amount. If the target amount is reached the next day, the new stop-profit amount is triggered, and it is necessary to sell according to the new stop-profit amount. The next day after buying, if the situation improves, increase the stop-profit and target amounts. The next day after buying, if it is not as expected, it should be sold as soon as possible to avoid turning profits into losses. If losses have already occurred, try to lose as little as possible. Finally, stop loss according to the stop-loss rules.
Although the words of the big guys who make a living by speculating in cryptocurrencies are still ringing in my ears, I have tried to understand them, but I have not yet reached that level. Stop loss and stop profit are still necessary.
Stop loss tests the determination to kill and the action of a knife! The simpler the stop loss rules, the better! What percentage stop loss, support level stop loss, and moving average stop loss are all a bit complicated. After long-term practice, the most efficient is the absolute loss amount stop loss. There are two specific situations, taking a 100,000 account as an example:
① The loss amount of a single coin exceeds 10,000 yuan → stop loss for clearing coins
② The loss amount of the account exceeds 20,000 yuan → stop loss for clearing positions
When the account is N times of 100,000, the stop loss amount is also increased by N times.
※Note: Stop loss must be unconditional and without reason! Any conditions and reasons must give way to the absolute loss amount stop loss.
Stop profit requires judging the situation and dynamically adjusting the stop profit and target amount of a single coin. When the stop-profit condition is triggered, we must overcome greed and luck, and avoid procrastination and slow action.
Take the Landlord game as an analogy: when it is 50,000 beans, you can stop profit at 25,000 beans, and the target is 100,000 beans. When it is 100,000 beans, you can stop profit at 50,000 beans, and the target is 200,000 beans. And so on. When the stop-profit is triggered, exit the game or play something else.
For individual coins, after buying on the same day, if the trend is in line with expectations and no adjustment is required the next day, sell according to the stop-profit amount. If the target amount is reached the next day, the new stop-profit amount is triggered, and it is necessary to sell according to the new stop-profit amount. The next day after buying, if the situation improves, increase the stop-profit and target amounts. The next day after buying, if it is not as expected, it should be sold as soon as possible to avoid turning profits into losses. If losses have already occurred, try to lose as little as possible. Finally, stop loss according to the stop-loss rules.
See original
How to trade well in the secondary market
1. Hoarding coin method: suitable for bull and bear markets.
Hoarding coin method is the simplest and most difficult way to play. The simplest is to buy a certain coin or several coins and hold them for half a year or more without operating. Basically, the lowest return is ten times. But it is easy for novices to see high returns, or when the price of the coin is cut in half, they plan to change cars or get off the car. It is difficult for many people to persist in not operating for a month, let alone a year. So this is actually the most difficult.
2. Bull market chasing method: only suitable for bull markets.
Use part of the spare money, preferably not more than one-fifth of the funds. This method is suitable for playing coins with a market value of 20-100, because at least it will not be locked for too long. For example, if you buy the first altcoin, and wait for it to rise by 50% or more, you can change it to the next coin that plummets, and so on. If your first altcoin is locked, then continue to wait, and the bull market will definitely be able to get rid of it. Under the premise that the currency cannot be too pitfall, this method is actually not easy to control, and newcomers need to be cautious.
3. Hourglass car-changing method: suitable for bull market.
In a bull market, basically any coin you buy will rise. Funds are like a giant hourglass that slowly seeps into every coin, starting with the big coins. There is an obvious rule for the rise in coin prices, that is, the leading coins rise first, such as BTC, ETH, DASH, ETC, etc., and then the mainstream coins begin to rise, such as LTC, XMR, BNB, NEO, DOGE, SHIB, etc. Then the coins that have not risen will rise generally, such as RDN, XRP, ZEC, etc., and then various small coins will rise in turn. But if Bitcoin rises, you will pick the next level, the coin that has not risen yet, and then start to build a position
4. Pyramid bottom-picking method: suitable for predicted big crashes.
Bottom-picking method: Entrust 80% of the coin price to buy one-tenth of the bullet position, entrust 70% of the coin price to buy two-tenths of the bullet position, entrust 60% of the coin price to buy three-tenths of the bullet position, and entrust 50% of the coin price to buy four-tenths of the bullet position.
5. Moving average method: You need to understand the basics of K-line.
Set the indicator parameters as MA5, MA10, MA20, MA30, MA60, and select the one-day line. If the current price is above the MA5 and MA10 lines, hold it firmly. If MA5 falls below MA10, sell the currency. If MA5 rises above MA10, buy and open a position.
1. Hoarding coin method: suitable for bull and bear markets.
Hoarding coin method is the simplest and most difficult way to play. The simplest is to buy a certain coin or several coins and hold them for half a year or more without operating. Basically, the lowest return is ten times. But it is easy for novices to see high returns, or when the price of the coin is cut in half, they plan to change cars or get off the car. It is difficult for many people to persist in not operating for a month, let alone a year. So this is actually the most difficult.
2. Bull market chasing method: only suitable for bull markets.
Use part of the spare money, preferably not more than one-fifth of the funds. This method is suitable for playing coins with a market value of 20-100, because at least it will not be locked for too long. For example, if you buy the first altcoin, and wait for it to rise by 50% or more, you can change it to the next coin that plummets, and so on. If your first altcoin is locked, then continue to wait, and the bull market will definitely be able to get rid of it. Under the premise that the currency cannot be too pitfall, this method is actually not easy to control, and newcomers need to be cautious.
3. Hourglass car-changing method: suitable for bull market.
In a bull market, basically any coin you buy will rise. Funds are like a giant hourglass that slowly seeps into every coin, starting with the big coins. There is an obvious rule for the rise in coin prices, that is, the leading coins rise first, such as BTC, ETH, DASH, ETC, etc., and then the mainstream coins begin to rise, such as LTC, XMR, BNB, NEO, DOGE, SHIB, etc. Then the coins that have not risen will rise generally, such as RDN, XRP, ZEC, etc., and then various small coins will rise in turn. But if Bitcoin rises, you will pick the next level, the coin that has not risen yet, and then start to build a position
4. Pyramid bottom-picking method: suitable for predicted big crashes.
Bottom-picking method: Entrust 80% of the coin price to buy one-tenth of the bullet position, entrust 70% of the coin price to buy two-tenths of the bullet position, entrust 60% of the coin price to buy three-tenths of the bullet position, and entrust 50% of the coin price to buy four-tenths of the bullet position.
5. Moving average method: You need to understand the basics of K-line.
Set the indicator parameters as MA5, MA10, MA20, MA30, MA60, and select the one-day line. If the current price is above the MA5 and MA10 lines, hold it firmly. If MA5 falls below MA10, sell the currency. If MA5 rises above MA10, buy and open a position.
See original
Pay attention to the hot sectors that have broken out in this bull market:
1. MEME section: PEPE, floki, WIF, SATS
2. AI sector: It is expected that GPT5 will release RNDR, FET, LPT, ARKM, NFP, JasMy, and WLD in mid-summer
3. New public chains: TIA, SUI, SEI
4. RWA sector: Weiyi compliance sector, emerging hot spots, institutional focus layout ONDO, TRU, and polyx
5. Game section:
IMX、XAI、PIEXL、YGG、GALA、ACE
6. BTC Ecology: This Hong Kong Carnival focuses on the sector. The Inscription sector has great opportunities in the second half of the year based on the current financing situation.
STX, ORDI, SATS, MAP, ML, MUBI
7. Solana Ecology: Solana Annual Conference is planned today
Held in September
SOL, JTO, JUP, PYTH, BOME, BONK
Like and follow the currency circle to avoid getting lost, enter the planet with sincerity and get the latest Cai rich password!
1. MEME section: PEPE, floki, WIF, SATS
2. AI sector: It is expected that GPT5 will release RNDR, FET, LPT, ARKM, NFP, JasMy, and WLD in mid-summer
3. New public chains: TIA, SUI, SEI
4. RWA sector: Weiyi compliance sector, emerging hot spots, institutional focus layout ONDO, TRU, and polyx
5. Game section:
IMX、XAI、PIEXL、YGG、GALA、ACE
6. BTC Ecology: This Hong Kong Carnival focuses on the sector. The Inscription sector has great opportunities in the second half of the year based on the current financing situation.
STX, ORDI, SATS, MAP, ML, MUBI
7. Solana Ecology: Solana Annual Conference is planned today
Held in September
SOL, JTO, JUP, PYTH, BOME, BONK
Like and follow the currency circle to avoid getting lost, enter the planet with sincerity and get the latest Cai rich password!
See original
The bull market will probably be divided into the following stages:
1. Bitcoin’s dominance rate rises, blood-sucking altcoins, BTC and Bitcoin’s birth of Taiwan will continue to be strong.
2. Ethereum will continue to soar, and hot altcoins will rise along with Ethereum, such as AI, Web3, L2, chain games, metaverse, new public chains, and Bitcoin’s birth of Taiwan.
3. All coins will rise, and assets will double in a sleep. MEME performance season, local dogs are flying all over the sky, and FOM0 has reached a peak.
4. The whole line beng plate, mainstream coins have a sharp retreat, altcoins have plummeted, local dogs have returned to zero, and this round of bear market has begun.
Do you have a better and more suitable bull market script? Leave a message in the comment area
1. Bitcoin’s dominance rate rises, blood-sucking altcoins, BTC and Bitcoin’s birth of Taiwan will continue to be strong.
2. Ethereum will continue to soar, and hot altcoins will rise along with Ethereum, such as AI, Web3, L2, chain games, metaverse, new public chains, and Bitcoin’s birth of Taiwan.
3. All coins will rise, and assets will double in a sleep. MEME performance season, local dogs are flying all over the sky, and FOM0 has reached a peak.
4. The whole line beng plate, mainstream coins have a sharp retreat, altcoins have plummeted, local dogs have returned to zero, and this round of bear market has begun.
Do you have a better and more suitable bull market script? Leave a message in the comment area
See original
The Bitcoin block completed the reward halving on April 20. The process was quite dull, and the price did not rise or fall sharply. The price of Bitcoin only climbed from US$63,000 to around US$66,000, with a small change.
It was originally believed that there would be two scenarios after the Bitcoin halving. The first was that the supply was halved, and investors were optimistic about its scarcity, and the price would rise again; the second was that miners would have a higher demand for cash flow because their income was cut in half, and they would tend to sell their inventory of Bitcoin in exchange for cash flow, causing the price of the currency to plummet. Obviously, these have already been reflected.
Matt Hougan, chief investment officer of crypto asset management company Bitwise, pointed out in an interview with CNBC Squawk Box that the price of Bitcoin rebounded sharply after the halving, so this is a "buy on the news" event, especially in the long run. Matt Hougan also said that the reason for the price rebound of Bitcoin in the year after the past three halvings was the supply tightening in the months after the halving.
The next wave will have to wait until the U.S. stock market opens to determine the direction. The scale growth of Bitcoin ETF is still the main growth momentum of Bitcoin price. It also depends on whether funds will continue to flow into Bitcoin ETF to offset the expected impact of Fed's high interest rate policy.
It was originally believed that there would be two scenarios after the Bitcoin halving. The first was that the supply was halved, and investors were optimistic about its scarcity, and the price would rise again; the second was that miners would have a higher demand for cash flow because their income was cut in half, and they would tend to sell their inventory of Bitcoin in exchange for cash flow, causing the price of the currency to plummet. Obviously, these have already been reflected.
Matt Hougan, chief investment officer of crypto asset management company Bitwise, pointed out in an interview with CNBC Squawk Box that the price of Bitcoin rebounded sharply after the halving, so this is a "buy on the news" event, especially in the long run. Matt Hougan also said that the reason for the price rebound of Bitcoin in the year after the past three halvings was the supply tightening in the months after the halving.
The next wave will have to wait until the U.S. stock market opens to determine the direction. The scale growth of Bitcoin ETF is still the main growth momentum of Bitcoin price. It also depends on whether funds will continue to flow into Bitcoin ETF to offset the expected impact of Fed's high interest rate policy.
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Is it better to short-term speculate on coins or hoard coins now?
First of all, remember this sentence: In the coin circle, mentality is more important than technology. Make money in the bull market and earn coins in the bear market. Don't cut losses in the bull market, and hoard coins in the bear market!
1: Hoarding coin method, suitable for bull and bear markets.
2: Bull market chasing method, only suitable for bull market.
3: Hourglass car replacement method, only suitable for bull market.
4: Pyramid bottom-picking method, suitable for predicted big crashes.
5: Moving average method, you need to understand the basics of K-line.
6: Violent hoarding method, do the coins you are familiar with, only suitable for long-term high-quality coins.
7: Violent compound interest method, triple and immediately change to another bottom coin.
8: Cyclic band method, suitable for familiar coins.
9: Violent play with small coins, doubling requires principal
First of all, remember this sentence: In the coin circle, mentality is more important than technology. Make money in the bull market and earn coins in the bear market. Don't cut losses in the bull market, and hoard coins in the bear market!
1: Hoarding coin method, suitable for bull and bear markets.
2: Bull market chasing method, only suitable for bull market.
3: Hourglass car replacement method, only suitable for bull market.
4: Pyramid bottom-picking method, suitable for predicted big crashes.
5: Moving average method, you need to understand the basics of K-line.
6: Violent hoarding method, do the coins you are familiar with, only suitable for long-term high-quality coins.
7: Violent compound interest method, triple and immediately change to another bottom coin.
8: Cyclic band method, suitable for familiar coins.
9: Violent play with small coins, doubling requires principal
See original
On the afternoon of the 20th, I recommended spot to VIPs: $REI
Current price is 0.071, enter the market and ambush
Current point is 0.106
49% increase, congratulations to friends who got on board and made money🚀
When you are waiting, others have already made money
When you are hesitant, others have already entered the market
If you don’t know how to screen strong coins, then click on the avatar, follow me, and you can find me to see the main business introduction
Current price is 0.071, enter the market and ambush
Current point is 0.106
49% increase, congratulations to friends who got on board and made money🚀
When you are waiting, others have already made money
When you are hesitant, others have already entered the market
If you don’t know how to screen strong coins, then click on the avatar, follow me, and you can find me to see the main business introduction
See original
On April 22, 2024, the trend of Bitcoin on Monday attracted much attention.
Last Friday, the price of Bitcoin once dropped below the 60,000 mark, but then began a slow rebound repair process. As the positive effects of the halving event gradually emerged, the pace of the rise was significantly accelerated, and the price climbed all the way to around the 66,000 area. However, the subsequent small retracement has kept the Bitcoin price in a high-level oscillation state, but the overall upward trend has not changed.
From the perspective of technical analysis, the four-hour structure chart shows that the Bitcoin price is currently stabilizing near the middle track. Therefore, we can make bullish operations around this middle track support level in the morning.
For the long strategy of Bitcoin, it is recommended to pay attention to 64,400 as the entry point. The target price can be set in the range of 65,500 to 66,000. If the price fails to rise as expected, the position for covering the position can be considered around 63,600.
Please note that the above is only a personal opinion, investment is risky, and operations should be cautious. In actual transactions, it is recommended to make decisions based on market conditions and personal risk tolerance.
#大盘走势 #BTC
Last Friday, the price of Bitcoin once dropped below the 60,000 mark, but then began a slow rebound repair process. As the positive effects of the halving event gradually emerged, the pace of the rise was significantly accelerated, and the price climbed all the way to around the 66,000 area. However, the subsequent small retracement has kept the Bitcoin price in a high-level oscillation state, but the overall upward trend has not changed.
From the perspective of technical analysis, the four-hour structure chart shows that the Bitcoin price is currently stabilizing near the middle track. Therefore, we can make bullish operations around this middle track support level in the morning.
For the long strategy of Bitcoin, it is recommended to pay attention to 64,400 as the entry point. The target price can be set in the range of 65,500 to 66,000. If the price fails to rise as expected, the position for covering the position can be considered around 63,600.
Please note that the above is only a personal opinion, investment is risky, and operations should be cautious. In actual transactions, it is recommended to make decisions based on market conditions and personal risk tolerance.
#大盘走势 #BTC
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Bitcoin has completed its fourth halving, reducing mining rewards from 6.25 Bitcoin (BTC) per block to 3.125 Bitcoin (BTC).
Bitcoin halvings were coded by Satoshi Nakamoto to maintain a limited supply and prevent inflation.
Despite expectations, Bitcoin’s price has remained stable at around $64,000, reflecting the maturity and resilience of the market.
Bitcoin has completed its fourth halving, marking a major milestone in the cryptocurrency’s history. The halving occurred when the 840,000th block was mined, resulting in a reduction in mining rewards from 6.25 BTC to 3,125 BTC.
Bitcoin Halving: Mining Rewards Cut in Half to 3.125 BTC
The Bitcoin halving mechanism was built into the Bitcoin code by Satoshi Nakamoto, the mysterious creator of Bitcoin, to curb inflation by halving the rate at which new Bitcoins are produced every four years.
After Bitcoin’s halving, its price stabilized at around $63,700, and the crypto community is excited about its next move. Some predictions even soared to $250,000, reflecting people’s optimism about Bitcoin’s future.
Bitcoin is expected to usher in a new growth cycle
Historically, halving events often precede a sharp rise in Bitcoin’s price. The last Bitcoin halving occurred in May 2020, and Bitcoin’s price soared from $8,200 to $64,000 in the following year, highlighting the impact of the event on market sentiment.
The reduction in mining rewards affects miners who verify transactions on the Bitcoin network. This adjustment is an integral part of Bitcoin’s design, ensuring a limited supply of 21 million Bitcoins and preventing inflation.
Bitcoin’s fourth halving once again confirms its unique economic model and its status as a decentralized digital currency with a fixed supply. If Bitcoin soars like previous halvings, it could usher in a new era of growth.
Bitcoin halvings were coded by Satoshi Nakamoto to maintain a limited supply and prevent inflation.
Despite expectations, Bitcoin’s price has remained stable at around $64,000, reflecting the maturity and resilience of the market.
Bitcoin has completed its fourth halving, marking a major milestone in the cryptocurrency’s history. The halving occurred when the 840,000th block was mined, resulting in a reduction in mining rewards from 6.25 BTC to 3,125 BTC.
Bitcoin Halving: Mining Rewards Cut in Half to 3.125 BTC
The Bitcoin halving mechanism was built into the Bitcoin code by Satoshi Nakamoto, the mysterious creator of Bitcoin, to curb inflation by halving the rate at which new Bitcoins are produced every four years.
After Bitcoin’s halving, its price stabilized at around $63,700, and the crypto community is excited about its next move. Some predictions even soared to $250,000, reflecting people’s optimism about Bitcoin’s future.
Bitcoin is expected to usher in a new growth cycle
Historically, halving events often precede a sharp rise in Bitcoin’s price. The last Bitcoin halving occurred in May 2020, and Bitcoin’s price soared from $8,200 to $64,000 in the following year, highlighting the impact of the event on market sentiment.
The reduction in mining rewards affects miners who verify transactions on the Bitcoin network. This adjustment is an integral part of Bitcoin’s design, ensuring a limited supply of 21 million Bitcoins and preventing inflation.
Bitcoin’s fourth halving once again confirms its unique economic model and its status as a decentralized digital currency with a fixed supply. If Bitcoin soars like previous halvings, it could usher in a new era of growth.
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Methods of unwinding:
First: According to the position in hand:
1. If you are a coin friend with shallow order, you can use the rebound market to unwind, or reduce your position when the price is high.
2. If you are a coin friend with deep order, you can make a partial position operation at high or cover the position to lower the average price, so that you can take the psychological initiative before the market comes.
Second: According to the trend status of the purchased currency
1. If the purchased currency is in a downward trend, once the downward trend is confirmed and the trend has been formed, it is recommended to stop loss immediately, and you must not have illusions of gain and loss. Because sometimes any hesitation and hesitation may lead to deep traps in the future, and finally make it difficult to extricate yourself.
2. If the purchased currency is in a balanced oscillation trend, there is no need to stop loss immediately. Wait patiently for the currency to enter the high position of the oscillation cycle. Once the coin is unwinded or the loss is small, you should decisively leave the market.
3. If the purchased currency is in an upward trend, there is no need to stop loss. Patiently hold it for a period of time, it will inevitably be unwinded and there will be a greater possibility of profit.
First: According to the position in hand:
1. If you are a coin friend with shallow order, you can use the rebound market to unwind, or reduce your position when the price is high.
2. If you are a coin friend with deep order, you can make a partial position operation at high or cover the position to lower the average price, so that you can take the psychological initiative before the market comes.
Second: According to the trend status of the purchased currency
1. If the purchased currency is in a downward trend, once the downward trend is confirmed and the trend has been formed, it is recommended to stop loss immediately, and you must not have illusions of gain and loss. Because sometimes any hesitation and hesitation may lead to deep traps in the future, and finally make it difficult to extricate yourself.
2. If the purchased currency is in a balanced oscillation trend, there is no need to stop loss immediately. Wait patiently for the currency to enter the high position of the oscillation cycle. Once the coin is unwinded or the loss is small, you should decisively leave the market.
3. If the purchased currency is in an upward trend, there is no need to stop loss. Patiently hold it for a period of time, it will inevitably be unwinded and there will be a greater possibility of profit.
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The Bitcoin halving event, which takes place every four years, has been highly anticipated, but the result has not met everyone's expectations.
Before the halving, the sharp drop in Bitcoin prices caused the investment value of many retail investors to be "halved" in advance.
This market trend of a sharp drop in the early morning hours and then a rapid rebound is undoubtedly a severe test for most retail investors.
Some fans asked whether the market will continue to fall? Is the bull market over? Is it still possible to enter the market now? I personally think that the bull market is not over. Because the total market value of altcoins has not yet reached the peak of the previous bull market. Although there are more investment targets now, it is only a stage in the middle of the bull market at most. I expect that altcoins will have another outbreak period.
In addition, the Bitcoin ETF has also been approved, and the significance of this event is far greater than the impact of Hong Kong WEB3 last week. This proves that the value of Bitcoin has been widely recognized. Although the dealer may be washing the market and cleaning out the undetermined retail investors at present, this is also for the subsequent light-weight battle.
Before the halving, the sharp drop in Bitcoin prices caused the investment value of many retail investors to be "halved" in advance.
This market trend of a sharp drop in the early morning hours and then a rapid rebound is undoubtedly a severe test for most retail investors.
Some fans asked whether the market will continue to fall? Is the bull market over? Is it still possible to enter the market now? I personally think that the bull market is not over. Because the total market value of altcoins has not yet reached the peak of the previous bull market. Although there are more investment targets now, it is only a stage in the middle of the bull market at most. I expect that altcoins will have another outbreak period.
In addition, the Bitcoin ETF has also been approved, and the significance of this event is far greater than the impact of Hong Kong WEB3 last week. This proves that the value of Bitcoin has been widely recognized. Although the dealer may be washing the market and cleaning out the undetermined retail investors at present, this is also for the subsequent light-weight battle.
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Summary of major sectors, for reference only
Share it for everyone to collect
1.MEME coin sector:
shib, doge, floki, troll, pepe, people, bonk, wif
2.AI sector agix, fet, wld, arkm, ai, nfp, nmr, imgnai, gpt
3.Public chain sector btc, eth, sui, sei, sol, matic, ftm, ada, avax, dot, atom, bnb, trx
3.Layer2 second-layer network sector op, arb, ckb, apt, metis, imx, manta, egld, strk
4.2024 halving sector btc, bch, bsv, zec, zen, btg, ltc
5.Gamefi sector axs, ygg, sand, mana, gala, enj, xai, ron, pixel, magic, poatal , ace, bigtime
6. Oracle sector link, api3, trb, pyth
7. Payment concept sector mob, ach
8. Inscription sector ordi, sats, rats
9. Storage sector fil, ar, storj
10. Defi sector aave, ftm, rdnt, crv, cvx, mkr, avax, snx
11. NFT sector ape, blur, x2y2, looks, dego, xai, gmt
12. Modular sector tia, matic, dym, alt, ftm
13. Sports sector chz, santos, por, city
14. DEX sector uni, sushi, dydx, cake, 1inch
Share it for everyone to collect
1.MEME coin sector:
shib, doge, floki, troll, pepe, people, bonk, wif
2.AI sector agix, fet, wld, arkm, ai, nfp, nmr, imgnai, gpt
3.Public chain sector btc, eth, sui, sei, sol, matic, ftm, ada, avax, dot, atom, bnb, trx
3.Layer2 second-layer network sector op, arb, ckb, apt, metis, imx, manta, egld, strk
4.2024 halving sector btc, bch, bsv, zec, zen, btg, ltc
5.Gamefi sector axs, ygg, sand, mana, gala, enj, xai, ron, pixel, magic, poatal , ace, bigtime
6. Oracle sector link, api3, trb, pyth
7. Payment concept sector mob, ach
8. Inscription sector ordi, sats, rats
9. Storage sector fil, ar, storj
10. Defi sector aave, ftm, rdnt, crv, cvx, mkr, avax, snx
11. NFT sector ape, blur, x2y2, looks, dego, xai, gmt
12. Modular sector tia, matic, dym, alt, ftm
13. Sports sector chz, santos, por, city
14. DEX sector uni, sushi, dydx, cake, 1inch
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Recommended to everyone in the group on the 16th: $OM
Current price 0.662, enter the market to ambush
Current point 0.725 95% increase
Congratulations to the friends who got on board and made money
When you are waiting and watching
Others have already pocketed money
When you are hesitating
Others have already entered the market
If you don’t know how to screen strong coins, then I suggest you pay attention to me, be obedient, and do as I say.
Current price 0.662, enter the market to ambush
Current point 0.725 95% increase
Congratulations to the friends who got on board and made money
When you are waiting and watching
Others have already pocketed money
When you are hesitating
Others have already entered the market
If you don’t know how to screen strong coins, then I suggest you pay attention to me, be obedient, and do as I say.
See original
A list of major events in the cryptocurrency circle:
1. Coinbase International will launch WIF perpetual contracts;
2. Fed Bostic: There will be no interest rate cuts before the end of the year;
3. US stablecoin regulation proposal: Circle may be ahead of Tether;
4. Fed Kashkari: It may take until 2025 to cut interest rates;
5. 87.4% of Solana network validators have been updated to V1.17.31;
6. Coinbase will move to a new office with double the area and a lease of up to eleven years;
7. Grayscale GBTC had a net outflow of US$90 million yesterday, and Bitcoin holdings were reduced by 51% in 3 months;
8. Former Disney boss joins hands with Marvel and Star Wars talents to launch Web3 game studio;
9. Optimism's fourth round of retroactive fundraising will allocate 10 million OP rewards for Superchain developers
1. Coinbase International will launch WIF perpetual contracts;
2. Fed Bostic: There will be no interest rate cuts before the end of the year;
3. US stablecoin regulation proposal: Circle may be ahead of Tether;
4. Fed Kashkari: It may take until 2025 to cut interest rates;
5. 87.4% of Solana network validators have been updated to V1.17.31;
6. Coinbase will move to a new office with double the area and a lease of up to eleven years;
7. Grayscale GBTC had a net outflow of US$90 million yesterday, and Bitcoin holdings were reduced by 51% in 3 months;
8. Former Disney boss joins hands with Marvel and Star Wars talents to launch Web3 game studio;
9. Optimism's fourth round of retroactive fundraising will allocate 10 million OP rewards for Superchain developers
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