Good afternoon, brothers. Is the bull market back?
If there is no news from Mentougou, I will still be bullish on the market.
There are currently three major positive factors:
(1) Powell’s speech last night gave a boost to interest rate cuts, saying that he would not wait until inflation drops to 2% before cutting interest rates. This is a major positive.
(2) Trump is expected to attend the BTC conference and give a speech on July 22 (next Monday). The world’s most powerful country, the United States, supports BTC, which is terrifying.
(3) Ethereum ETF may be launched on July 23 (next Tuesday).
After a three-day rebound, the market will always pull back.
Yesterday, we recommended a 70% position, and today we recommend a 60% position. You can reduce your position by 10%.
BCH and WLD can be shorted with a small position, and stop loss when the price rises by 3%.
Because the news from Mentougou came, it was not only bad for BTC, but also bad for BCH. WLD has a large daily selling pressure.
$7 million per day, $50 million in 7 days. Now this price is suitable for shorting.
Long-term bullish, but beware of Mentougou continuing to cause trouble.
140,000 BTC, only a few thousand have been transferred so far.
This is the norm for investment, there are rarely smooth sailing,
There are various reefs and storms in the middle, but we have a distant mind and will always reach the land of wealth.
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