Daily Report: Perfect Waves Reappear! The market alternates between rises and falls, new sectors rise with the trend; how long can this scene continue?
Hot News:
1. After experiencing a new wave of FUD, $BNB successfully set a new historical high. After all, when other centralized exchanges (CEX) face negative news, it is Binance's (@binance) day to benefit.
2. BNB's market value exceeded $100 billion, surpassing BYD and ABB, rising to 186th place in the global asset ranking.
3. Sun Yuchen (@justinsuntron) claims that $TRX will become the next XRP, after which its price surged over 30% overnight. One should not fully trust what Sun says; the key lies in his actions. The sectors associated with Sun Yuchen, such as TRX, SUN, JUST, and $BTT, all rose collectively.
Behind Ethereum's strength: Is the alt season looming? A new opportunity for crypto investment
Recently, the discussion about when the alt season will begin has been growing louder in the cryptocurrency community. Based on the current market sentiment and multiple signs, the alt season is likely to kick off within this month. 1. Let’s look at Bitcoin first. Its market value has shown a clear downward trend, which is a key signal for the arrival of the altcoin season. At the same time, market liquidity may rebound significantly due to the potential interest rate cut in December. The synergy of the two has created an excellent breeding ground for the rise of altcoins. 2. Ethereum has been performing strongly in recent months. While Bitcoin continued to fall at the H1 level, Ethereum repeatedly bucked the trend. Although the single increase is not extremely dazzling, the enthusiasm of retail investors for altcoins behind it is highly consistent with the market enthusiasm on the eve of the 2021 altcoin season, as if the prelude of history is playing again.
Bitcoin Meme Craze: Innovation and Challenges Intertwined, Who Will Be the Legend?
After the US election, the Bitcoin Meme craze swept the world like a storm, attracting massive funds and extensive community attention. From the market fluctuations caused by the interaction between Trump and Musk to the crazy rise of $DOGE and AI Meme concept sectors, Meme coins have become an important force in the crypto market. A large number of Meme projects have emerged in the craze. Who can rise to become a legend in this wave?
Meme coins such as $DOGE performed strongly and are the leaders in the craze. The Trump-themed meme coin Peanut the Trump (PNUT) rose as much as 324.49% in 24 hours, with a trading volume of over $6 billion. Meme tokens account for six of the top ten currencies in terms of trading volume, including DOGE, SHIB, etc. This wave of craze has stirred up the crypto market and made people look forward to the future of Bitcoin-related meme projects.
In a bull market, is it to attract retail investors or to kill them all?
Yesterday I saw two people arguing.
One said that without retail investors, there would be no bull market.
The other said that if retail investors are not killed all, there would be no bull market.
To be honest, I am more inclined to the latter, because after experiencing three rounds of bull and bear markets, I found that basically the starting point of the bull market is when retail investors are liquidated and leave the market. The reason why I use the word "be" is because only retail investors know this kind of despair.
The pain of cutting meat in the end must be heartbreaking.
The market will attract retail investors to enter the market to take over in the bull market, but it will definitely not be at the bottom area.
When the big cake returns to 77,000, 80,000, 100,000 one day, there will naturally be a lot of people shouting that the bull market is coming and entering the market to take over. #非农就业数据即将公布
Bitcoin falls below the daily "bull-bear dividing line", is it a bear or an opportunity? 1. Bitcoin fell below the daily MA120 moving average, which has a certain pressure effect at present. Falling below does not mean that it will turn bearish directly. From the perspective of dog dealer trading, deliberately falling below the daily MA120 moving average caused panic, and the bull market is definitely there.
2. The current direction is expected to be volatile. Before rebounding upward, there is a high probability that it will be inserted downward. There are three points of 61000, 58000 and 56000 near the previous low of the daily line. At the same time, the current liquidity exhaustion is the best time to invest in the currency every day. After sowing, you will reap the harvest.
3. Pay attention to the 1-day MACD in the zero-level golden cross to bet on a rebound. In the short term, Bitcoin's 4-hour MACD bottom diverges, but the divergence is not strong. Wait for the insertion and then a big positive line to start action.
4.5 is poor, 6 is absolute, and 7 is turning over. The market in the third quarter will be better than that in the second quarter, because there will be interest rate cuts and expectations of the US election in November. The Fed's interest rate meeting in July and September will release interest rate cut signals. It has been sideways for 15 weeks. The longer it stays sideways, the more it will rise.
The current market in the cryptocurrency circle is struggling, is the general trend over?
On the importance of patient waiting in trading
The most difficult thing in trading is patience, waiting! It is discipline!
This process of patient waiting is very mentally exhausting, and requires the ability to endure loneliness and withstand temptation.
The longer the waiting time, the better the patience and the stronger the self-control ability.
The cryptocurrency circle has never lacked opportunities, but what is most lacking is patience.
Patiently waiting for opportunities includes the trader's great self-restraint and a clear understanding of the timing of the transaction.
Experienced trading masters know how to patiently wait for two opportunities: one is a low-risk opening point, and the other is a high-win opening point.
Let me first say the conclusion: The violent bull market is about to start. When the volatility is reduced to the extreme, it will explode, without exception. It is definitely not a bear market now, but a halftime break in the bull market.
In the bottom area of June 2023, I applied the cottage score to do an analysis, and now it looks more accurate. This time I used two indicators to comprehensively analyze whether the market is in the bottom area, that is, BTC's historical volatility indicator and the cottage score.
Just look at the picture and talk. How much money you can make depends on this time. Let's rush 100,000 U first.
FLOKI, with favorable conditions and unlimited potential!
1⃣ FLOKI has been added to the listing roadmap by Kraken, which is the largest exchange after Coinbase.
2⃣ FLOKI announced that it will launch a telegram trading robot on June 26 to facilitate user transactions and increase token trading volume.
3⃣ FLOKI's official website can "stake to earn coins", with an annualized rate of 17.44%. This provides more usage scenarios for tokens, while locking tokens and reducing circulation, which will also indirectly increase the value of tokens.
4⃣ FLOKI's investor DWF buys a large amount of DWF every few months to pull the market.
FLOKI has fallen by more than 50% from its high of 0.000349. Now you can pay attention to the layout in batches!
The sharp drop in the value of altcoins this time is really frightening, but I think the market is overreacting now, and liquidity has also declined sharply.
When the market stabilizes, many altcoins will definitely rebound quickly. Don't always think that they will continue to fall. In fact, the crypto field is not short of money, but what is lacking is everyone's confidence and expectations for a good environment.
To be honest, I really don't know where the bottom is, but one thing is clear, that is, the bottom is bought out step by step by retail investors, not guessed. The spring of altcoins will definitely come again, but it will be different from the previous situation of overall surge.
Good projects may increase by dozens or even hundreds of times, but bad projects may not even outperform the market. Therefore, it is really important to choose the right project. Don't be afraid if you choose the wrong one. It is more important to dare to change positions and don't let the costs that have been invested drag you down.
In the previous bull market, as long as you buy the right one, you can hold it. But now the market changes faster. For altcoins, it is more important to know how to sell and how to cash in in time. Don't be too greedy, otherwise in a bear market, all your hard-earned money may be wasted.
Let me share with you some recent good news in the cryptocurrency circle!
1. MicroStrategy, the Bitcoin holding leader, announced on June 13 that it would launch a $500 million convertible preferred bond to increase its holdings.
MicroStrategy currently holds 214,400 Bitcoins, with a purchase cost of approximately $7.543 billion. Institutions are still increasing their holdings of Bitcoins and issuing bonds to increase their holdings, which shows that they are also optimistic about the future. Institutions have not left the market, so what are you afraid of?
2. After the U.S. Securities and Exchange Commission (SEC) approved the 19b-4 trading rule change documents for eight Ethereum spot ETFs on May 24, the cryptocurrency market is continuing to pay attention to another key S-1 registration statement document. When will it be approved by the SEC?
SEC Chairman Gensler said at a budget hearing this week: "My vision is sometime this summer..."
The launch date of the Ethereum spot ETF is currently being moved forward to July 2. It depends on whether the SEC can approve it. This kind of hype is not something that will be missed by the general market makers!
ETH will definitely fall sharply before the ETF is passed
1. The cycle is the most important reference for investment. BTC and ETH have been rising since September last year and in March this year, and have entered a correction phase. This consolidation should continue until after August, and the adjustment will not be completed so quickly
2. The expectations of ETFs have been almost exhausted. The increase brought by BTC ETF is definitely much greater than that of Ethereum. The first principle of the currency circle is that the increase will be greater for the first time when repeating things, and the second time will be much less useful
3. After the ETF is passed, there may not be too much money to buy it, but it depends on where it is. BTC funds are flowing out at around 70,000, so the market is not that stupid. Do you think you can go all-in if the ETF is passed? Wishful thinking
4. After Ethereum switched to POS, it is no longer qualified to be compared with BTC. The emergence of ZK has reduced people's confidence in EVM. Coupled with the rise of Sol and Ton, the ETH market is being eroded.
5. ETH currently needs to trade sideways at a high level through ETF market expectations to allow leeks to slowly buy and hold it. The longer the sideways time, the more leeks will buy in and not sell. When the dealer has sold out the goods, it will smash the market and sell it, and then continue to buy it back at a low level. Summary: Pure opinion. Don't criticize if you don't like it. I wish you good fortune.
Today, I will introduce four practical tips for buying the bottom and escaping the top of hot coins!
First, when a variety continues to hit new highs and then goes sideways, and then rushes up many times but the amplitude is not large and falls back many times, this is likely to be a signal of inducing more, so be especially vigilant.
Second, when the price of the currency fluctuates sideways at a low level, do not intervene easily. After it hits a new low again, if it can quickly recover all the K lines in the falling area and form a bottom divergence, it is a good time to buy the bottom.
Third, if a variety is sideways at the bottom for a long time, and then rises for a few days to break through the sideways range, and then falls back and falls below the previous sideways range, then when it starts again later, it is likely to usher in a larger wave of pull-ups.
Fourth, in the upward trend, the price of the currency has a small drop and the trading volume has shrunk, and it is likely to continue to rise. But if it continues to hit new highs but the volume is shrinking, then be careful, this may be a signal of reaching the top.