BTC WILL NOT Bounce Back Too Quickly?

#MarketDownturn #btc
The main reason for the market decline is the large withdrawal of capital from the financial market by investment sharks. Stocks, virtual currencies, and the futures market had a dark second day. In addition to objective economic reasons, the fundamental reason is that after the financial market's growth period, it is time to take profits from investments. Of course, if you pay close attention, large investors have gradually withdrawn their capital and from the past 2-3 months.
So what will happen next? If the money withdrawn from the financial market gradually switches to buying long-term government bonds or real estate, there will inevitably be another decline.
But if the money flow is only short-term investments, sooner or later it will flow back into the financial market.
#BTC☀ can it increase quickly, this is really difficult. To increase quickly, there needs to be a strong wave, there needs to be capital injected into the market and almost the whole market agrees that the market will continue to increase.
But maybe if the big investors have withdrawn most of their capital from the market, they can come back, creating a strong wave. This is also the reason why I think the market will have another price increase. In the short term, it will aim for the old price peak and further, it will create a new price peak.

BTC DOWN IS THE MARKET DOWNTREND YET?

#btc The market has fallen deeply, it seemed to have broken the 53K USD mark, but the buying power is very strong, the accumulation of goods has pulled the market to close on August 5 at the 53K mark
- If I say it could be temporarily down, do you believe me?
My point of view is that the market will wipe out all the profits that small investors have. with these dumping rounds.
The big fish have been gradually and continuously, but need to raise the price once more to close the profit.
I started buying from 48K to 55K USD and closed at 73K. Plan to spend 25% of capital. Get on board

MATIC NEARLY TOUCH BOTTOM IN 1 YEAR
#MATIC✅ has nearly hit bottom in 1 year. What should we do?
First: Altcoins have all lost a lot of value, not just Matic. So this is the market trend.
Second: Matic's TVL is still around 1 Billion USD, not much different from the average of the past 2-3 years.
Third: This is still a top 2 layer coin, because it has been 100% issued, so there is no more price manipulation. The price will follow the general market.
It is clear that #MATIC.USDT still has the potential to go down but has entered the buy zone.
Guys, get ready to get on the boat. Buy in stages.

BITCOIN AUGUST #btc
So it's been nearly 3 months since BTC price fluctuated from 53K USD to 70K USD.
Apparently the market tried to test the historical peak once a month but was unsuccessful.
However, unlike other downtrends, the price of BTC does not decrease immediately.
So this August, what will the scenario be like:
Scenario 1: The most likely scenario is that the market will test its historical peak once again. It is even possible to surpass this peak, then it will be time to sell out and the price will drop deeply.
Scenario 2: The price will fall below the 53K USD mark and form a downtrend.
Scenario 3: The most unbelievable is that the price will surpass the 73K USD mark, then cross the 100K USD mark.
Advice: Take profits early, when the price exceeds the historical peak, do not fish the bottom.

BITCOIN SECOND HALF JULY
Bitcoin has moved seamlessly from 73K to 53K USD in late June and the first half of July.
Market developments confirm that rapid price increases are very unlikely.
The trend in the second half of July will likely fluctuate around 53k to 63k USD
However, the bottom-fishing trend is very large, so sharks will continue to pull prices down.
If you have profits, exit early.

BTC COMPRESSION PHASE IS PREPARING TO END
BTC is nearing the end of its sideway phase.
90k USD to 100K USD would be the crazy but most likely scenario.
Big fish seem to agree that this is not the time to sell goods. Onchain transactions clearly demonstrate that
But this is not the time for big fish to buy. Therefore, the fact that big fish will increase the price to test the market is a likely scenario.
#btc #cryptotrade #BTC☀
Please wait a bit when the price breaks 73k and creates a new trend. The opportunity is here$BTC

#BNB 1000USD WHEN?
BNB has a lot of beneficial information:
1. The surplus value from current BNB holdings is huge: Megadrop and Binance listings.
2. Transactions through the BSC network are also increasing.
3. Quarterly burns have reduced BNB supply by 142 million
Obviously, the BSC network will do everything to increase its TVL, taking back Tron's 2nd place.
However, getting a coin to 1000USD is not an easy task. In June, I forecast that BNB could touch 750USD.
Let's wait and see #binance #BNBToken

POLYGON -#MATIC JUNE
Polygon is undeniably one of the best Layer 2 of ETH.
The main problem in my opinion is that this product has not flown yet because the supply is too large, up to 10 billion. It is very difficult to set the price for a base coin.
Shark collection with #MATIC✅ is usually short and exits very quickly.
Matic will usually have a consolidation period of about 8 weeks. And now is also the last week of this collection.
Just next week we may see Matic make waves.
My personal opinion is that the trend will increase to reach 1.2 to 1.5 USD
#polygon

FOUNDATION OF THE MARKET
#Crypto There are many coins and tokens but we have to agree that. The 3 coins with the most standing are #btc #ETF #BNB , if you are a Holder you definitely cannot miss these 3 coins.
In my opinion, during the uptrend season, all 3 will break their records. And BNB is the coin that could double in value faster both from a market price and supply deflation perspective.
BNB will be the next coin to hit the 1000USD mark.

COLLECT MONEY AND WAIT
The market is entering the final stage of price compression.
A few stocks increasing or decreasing do not represent the general trend of the market.
#btc delivered around 60k to 73k in nearly 3 months. In a fast growing trend like the current one. Such time is long enough, and it is forecast that there will likely be mutations in June.
Obviously, before big waves, we need to gather enough money to go with the flow.
You want prices to increase, so do I. #bitcoin has reached its peak and is starting to go down. Does this make you worried that the price will drop?
The number of people in the market who believe the price will increase seems to be higher, because Long orders are much higher.
But often victory is not for the majority. Go with the flow, take profits, gather your money and wait. New trends will appear soon

MEME COIN WHERE IS THE OPPORTUNITY?
Indeed, early 2024 is the time when meme coin has a breakthrough price increase.
So what's next?
Remember meme coin is a lottery game. The nature of building community rather than bringing value.
That's why memecoin is a shark's game, like the early days of bitcoin
However, no matter what trend, it has its ranking. And almost #SHIB #Dogecoin‬⁩ has established its top ranking in memecoin.
- Currently, the capitalization of Memecoins above #binance is mostly from 2 billion to 3 billion USD
- Only #PEOPLE #BOME🔔🔔 and 1000Sats are under 1 billion
That leads to it being easier for sharks to control the game in these codes. And when the market accepts the capitalization of 1 memecoin on Binance is 2-3 billion. Opportunities will come to these coins, as long as the market's upward price trend has not ended.

CRYPTO DAILY 01 JUNE 2024
#bitcoin #cryptotrade
The basic selling and buying forces of the entire market are in balance.
So how to enter now?
1. Holder
You almost don't need to pay much attention to the weekend market, it will be difficult to explode immediately.
2. Traders
You clearly understand the general market, but the trend is unclear. So please allocate no more than 20% of your trading capital at this time.
Specifically :
- Bitcoin is fluctuating in the past 3 days at the price range of 66.5k to 69k.
It is likely that the market will further compress at around 67k to 68k.
Those are 2 trading zones in the price channel. It is also the entry and exit point for goods

- Altcoins will have fluctuations in small-cap altcoins, which are easy to price.
Please note that we will clearly see the selling or buying trend in these altcoins. But advice:
Find yourself a profit-taking point early, because bitcoin is nearing the end of its compression period. And it will create an explosion that can cause you to go in the wrong direction

BITCOIN JUNE
#btc
BTC is fluctuating between 60k and 70k USD
3 Scenarios in June:
1. Prices reaching 40k-50k rarely happen
2. Price continues at 60k-70k most likely
3. Price increase to 90k-100k rarely happens but is likely to be higher than scenario 1
Reason:
The market is in a compression phase. Let the fry release their stock
There will be another upswing to check if the fry are still in stock.