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Pessimism believes that once the price of Bitcoin falls below $60,000 (which it did briefly last night), panic selling may occur. The Mentougou incident is mentioned every year, and this time it is also seen as a factor in the market's decline last night. At present, market funds are generally on the sidelines, mainly because of the uncertainty of the Fed's interest rate cut expectations and the high level of US stocks, which requires a strong new narrative to drive further gains. Investors should lower their earnings expectations in the short term and be patient with the market in the third quarter. Spot holders do not need to worry too much because the general trend of the bull market has not changed, although this round of the market is indeed challenging, with frequent fluctuations and washouts. The bear market argument for altcoins has begun to emerge, and if investors are fully or heavily invested in altcoins, they may feel quite difficult. But as long as the portfolio and position allocation are reasonable, there is no need to be overly anxious. In the long run, the law of market cycles will not change due to short-term fluctuations. I do not think that this round of bull market is fundamentally different from the previous rounds, because what we trade is essentially human nature. Bitcoin has hit a new high before the halving, thanks to the support of ETFs. Although the correction after the halving will take a long time, the market still needs to wait patiently and look forward to the arrival of the next round of rising cycle.
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$FTM has broken its daily uptrend line and dropped over 50% from the $1.23 peak, Now testing crucial support at $0.45-$0.57. As long as it holds above this, the uptrend remains, with potential to reclaim highs. A drop below could signal a bearish shift! #CryptoPCEWatch #MtGoxJulyRepayments #CryptoTradingGuide #BinanceTournament #Megadrop
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If you make 10 million U by short selling and want to withdraw the money in the safest way, the safest way is to convert it into US dollars and spend it abroad. I actually know a Frenchman who withdrew 10 million U.S. dollars. His path: 1. Opened a Swiss private bank account 2. Submitted documents to pass Kraken advanced certification, so that the monthly withdrawal limit is 10 million U.S. dollars. Withdraw to a Swiss private bank account through Kraken. In Europe, income obtained through cryptocurrency investment is legal income, and it can be used as a source of wealth when doing private bank KYC (the premise is that the source of each payment must be clearly stated). Communicate with the private bank account manager in advance before the remittance, and there will be no problem. The same is true for private banks in Singapore, Hong Kong and other places.
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💰 BONK Analysis- 👀 🔥The meme sector is on fire again, and this time let's break down - BONK Locally the buyer extremely clearly demonstrated his dominance over the seller by forming a 0.5 downward channel stab and subsequent breakdown of the downward slope and consolidation above the POC📈💵 At the moment I expect to see a continuation of growth, with strengthening of the upward order flow, and the target in the removal of 0.0308$🔜 I plan to enter the trade from current(0.0224$-0.02$) 🛑Stop loss will be at (0.018$) ✅First take (0.024$) ✅Second takeout (0.0308$) ✅Third take (0.036$) When the first takeout is reached, the stop loss should be moved to breakeven. Reaching the third take will amount to 48.65% of the net movement excluding shoulders. #BONK #CryptoDawar $BONK
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Cryptocurrency market overview | 25 June 🔴 Market cap: $2.24 trillion (-1.40%) 🔴 BTC dominance: 53.37% (-0.92%) ⚡️ Fear and Greed Index: 30 (Fear)
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