The market is so chaotic that countless investors are competing to make profits.

The situation is very good, is it better to buy at the bottom or reduce holdings?

Most KOLs say that the second half of the year will definitely be great! So why not copy it now! ?

A few low-key bigwigs revealed that Bitcoin will fall below 50,000 US dollars in the second half of the year, making the leeks completely desperate and handing over their chips.

I……

A question for you who just dropped out of college:

Forced object: market

Support: expectations of interest rate cuts, Biden’s withdrawal from the election, Trump’s attendance at the Bitcoin conference, and the start of trading of the Ethereum ETF.

Resistance: Selling pressure in Mentougou, expectations of rate cuts are good for Price in, Grayscale releases Ether, rumors of Biden’s death and Trump being shot are a life-and-death battle that has led to a reversal of the election situation.

What is the difference between quotes, love and friendship?

Are you confused? Are you confused?

I don’t know how to analyze the stress rationally, I just vent my emotions. I thought that the cryptocurrency market and I had a sincere relationship, I bought on dips and protected the market for the whole world, but I didn’t expect that in the end, it was still a transaction between a sickle and leeks, no, it was a fight!


1. Ethereum ETF starts trading, the market continues to be sluggish

According to Bloomberg ETF analyst Eric Balchunas, the spot ETH ETF had a trading volume of $112 million in the first 15 minutes after it started trading, which is a huge volume compared to the issuance of ordinary ETFs, but only half of the first-day trading volume of the BTC ETF (excluding GBTC), but it still exceeded expectations. In the first 15 minutes, Grayscale ETHE had a trading volume of $39.7 million, Bitwise ETHW had a trading volume of $25.5 million, BlackRock ETHA had a trading volume of $22.5 million, and Fidelity FETH had a trading volume of $15.2 million.

Vke also supported the brokerage firm Bitwise and entered Wall Street again.


Wall Street analysts can observe the dynamics of the Ethereum ETF through the URL in the screenshot below.

However, the market is a little cute. You think it gives you an opportunity to buy at the bottom, but it suddenly breaks through the structure. You follow up on the right side based on the recent positive news, and then you turn around and see that tens of thousands of BTC have been transferred out from the Mentougou address. When you open your account, it is blood red again.


The market, which keeps jumping back and forth, really deserves a beating.


But I still hold the same opinion. Now is the low point of Ethereum and other strong coins. Even if there is a pullback, it is difficult to lose money in the long run. Buying at this price is only 10% higher than Sun Ge’s holding price. It is impossible for Sun Ge to only make 10% profit, right?

If you don’t want to trade in the market, just buy it and put it somewhere. If you don’t have the skills, don’t take on a job that’s too expensive. If you want to trade in the market with a small profit, just give up. Once you’re left behind, you’ll just have to think “If I’d known”, “Originally”, “If”, “What the hell”, “I’m really impressed”. . .

2. The market outlook is likely to see a small correction or consolidation before rising

The conclusion of the future market is that it is expected to start to pull up in mid-August. Before the pull up, there is a very small probability that a major breakthrough will be achieved in July. The next most likely probability is that it will go sideways until the end of July, forming an inverted spindle structure of the July monthly line, which is similar to the current diagram. Such a monthly line will strongly promote the market next month. .



The highest probability is that following the Mentougou incident, the price will fall back to 63,000 US dollars and hold on, forming a doji that tends to be bullish.


The reason for looking at a pullback is because there is a 4-hour divergence at the top.



And there was an incident that was the interference of the Mentougou incident.



As can be seen from the picture, Mentougou is already taking effect.

Figure 1 shows the confirmed transfer to the exchange, and it is highly likely that it was sold directly.

Yesterday, a transfer of 382 ethers to Bitstamp, i.e. position 2, should be the culprit for yesterday's decline.

The location in Figures 3 and 4 is transferred to a certain address. This address is not marked as Mentougou, but it should be the intermediate address on the way to the exchange.

The position at position 3 has been transferred to the exchange after on-chain data tracking, and may have had a ripple effect on the market.



The address at position 4 has not been transferred out after investigation. The amount is 32,000, which will still cause a big vortex in the market. (I will also help you monitor the movements of these addresses and update them on Twitter as soon as possible. V-guest Twitter: V_Blockchain)


Therefore, we predict that there will be a large adjustment. If the first resistance level of 65,800 US dollars cannot be maintained, it will most likely fall back to 63,000 US dollars.

The main reason why it is highly likely that the price can be stabilized is that the support and resistance have been exchanged in the early stage after confirmation, and the volume shows that the number and height of the green columns are greater than the red columns, which means that the dealer has put in a lot of effort, and it would be irrational to suppress the price completely.


Apart from the Mentougou incident, there is no other major negative news.

Of course, predictions are just predictions. If the price of 63,000 cannot be stabilized in the end, as long as there are chips, you can still buy at a lower price, which is also a good thing in the long run.

Although the currency market is unpredictable, the old saying still applies: just wait for the flowers to bloom.

Here you will find rational analysis and psychological massage, which will give you advice when you are confused and encourage you when you are about to give up.