Princess Jinqunqun is good: why bother talking about currency

Shocking drop! The reason why Bitcoin plunged to $58,000 has been found. What happened?

Last night, both Bitcoin and Ethereum experienced a big drop. Bitcoin fell by more than 7% at one point, and Ethereum fell by more than 10%. The market was in a mess. 85,678 people were liquidated in 24 hours, with losses of up to $315 million!

What happened?

Although funds flowed into US exchanges, the price of Bitcoin still fell. The market is worried that the US government may sell the seized tokens, but other than that, there is no major negative news.

In terms of liquidity, although the Federal Reserve hinted at a rate cut, there have been some changes in the money market. The scale of overnight reverse repurchases has increased and the SOFR rate has also rebounded.

Since trading has the same source of profit and loss, how can we make a profit?

Profit and loss from the same source does not mean that profit and loss are of the same value, nor does it mean that from other aspects, the same source may produce more profit and less loss. In other words, profit and loss from the same source means that after an order is placed, there is a possibility of profit or loss. If you want to avoid losses completely, you will avoid profits.

The focus here is that profits come at a price and are obtained by taking risks. So profit and loss from the same source does not mean that profit and loss are of the same value or other aspects. So what we need to do is to maximize the profit end and minimize the loss end.

Every year, people ask if it is too late to enter the cryptocurrency circle now?

BTC has a history of 15 years, and there are only two waves of really large multiples, one in 2013, from 10 to 1000, and one in 2017 from 300 to 19000.

What is incredible is that they all happened within one year, that is, one year after the halving.

You can compare the housing prices at the end of 2017, when the BTC price was 19000. Now BTC is 60000, and the increase is not even as good as the housing price.

BTC is an old friend of everyone, and it is also a new thing, because people's cognition is gradually improving. Just like when the Internet first came out, everyone said it was an Internet scam and an Internet bubble.

Most people only think about investing when their lives are surrounded by the Internet and they find that they can't live without the Internet. At that time, the stock price has already risen to the sky, just like Apple's market value of 3 trillion.

The callback in the past two days is a normal phenomenon, whether it is Bitcoin, Ethereum, or some other high-quality altcoins!

After stopping the decline on August 5, it gradually rose and is now near some pressure points above. It is normal to have a small-level shock callback near the pressure point. After all, those who do not believe that there will be a big rise next, do not understand the bull-bear trend, and think that there will be a big drop next will let them clear their positions. When it comes to the pressure point, the main force will wait temporarily, because the main force will wait for those who do not understand the market and clear their positions at this position to hand over their chips, and then the main force will hold the chips in their own hands.

Therefore, you must not just look at the small callback in the past two days and think that there will be a big drop next. The overall market trend and the direction of the weekly level have been analyzed in the past few days. The big cycle restricts the small cycle. The big cycle has confirmed the current and future trends, so you just need to wait patiently.

All East Asian families have the same problem, which is that they like to emphasize filial piety, with obedience being the key.

Children should obey their parents and listen to their parents, so there is a saying that one should not travel far away when parents are around.

This excessive projection will make the process of having children particularly complicated.

Therefore, highly developed East Asian families tend to have fewer children.

Currently, the four leading inscription stocks are $sats $ordi $rats $pizza. However, in addition to these, there may be some small-cap stocks that will follow, such as $btcs, $bnbs...

The Fed's rate cuts do not always bring about a rise in risk markets, but may lead to a fall in the market.

In the past, after each rate cut, the market fell at first.

This is because:

1. Increased market volatility: In the early stages of rate cuts, market uncertainty increased, and investors may interpret this as economic weakness, leading to a fall in the market.

2. Inflation risk: Continued rate cuts may trigger inflationary pressures, which in the past have led to more aggressive rate hikes, leading to economic recessions.

3. Capital outflows and dollar depreciation: Rate cuts reduce the attractiveness of the dollar, leading to capital outflows and dollar depreciation, and increasing the risk of imported inflation.

4. Financial system risks: Rate cuts may encourage excessive risk-taking, leading to asset bubbles and ultimately financial crises.

5. Limited policy effects: In a near-zero interest rate environment, the effect of rate cuts is limited, and unconventional measures such as quantitative easing (QE) may be needed to cope with economic downturns.

If you want to make a fortune in the cryptocurrency world, you must do this:
1. Do not use more than 50% of your assets to buy cryptocurrencies.
2. Never borrow money to raise funds to buy cryptocurrencies.
3. Be sure to buy hot stocks with high market capitalization.
4. Be sure to buy when the price is low.
5. Do not care about the rise and fall in the short term and hold for a long time.
6. Be patient and do not buy and sell frequently.
7. Be sure to believe that the price will rise and do not listen to random news.
8. Clear all positions decisively when the price rises to a high level. ​

PEOPLE daily line went through a wave of pull-up yesterday, reaching a high of around 0.7. It broke through 0.236 (around 0.069) and can be bought when it falls back. The top pressure is around MA90. MACD long increment. The four-hour lower support is around MA360 year line. It can be bought when it falls back. MACD long increment. It can be bought when it falls back when it reaches around 0.06922 in the short term. The rebound target can be seen around 0.0728-0.0759. ​

The market is always born in doubt!

Recently, many people in the comment area said that they still need to explore again. I won’t wait.
I don’t know if you can wait. Anyway, the longer you wait, the higher the price will be.

I continue to stick to my original view on the market of the cottage. It has arrived.
But it is not a general rise, but a rotation of local hot spots.
The BNB series is one of the hot spots in the recent rotation.
You can pay attention to related cottages.

Shanzhai: Small-cap Shanzhai has been active recently, and has performed strongly. Some Shanzhai with larger market capitalization are still weak. Those who are still waiting can’t help but get on board. Those who were previously on the train are currently profitable, and are considering making corresponding reductions.
SATS: The inscription sector is relatively strong. The 33-34 position given yesterday is bearish. The highest daily rise was 338, a drop of 7%. Pay attention to the pressure around 325-332 on the upper side, and pay attention to the support around 305 on the lower side!
SOL: It has been relatively weak recently, and the rebound is relatively small. In the short term, pay attention to the mark around 150 on the upper side.

Second cake: Corresponding to the rebound strength of BTC, the target of ETH this time should be around 3000 points. After the bull market, the price of the second cake is around 2800. The locked-in orders are concentrated near this position, resulting in a relatively weak market performance at this stage. It is not recommended to consider the rebound market, and the maximum is around 2860! From the four-hour line, the overall large box oscillation is in the range of 2750-2550. In terms of operation, you can refer to the bearish above 2700, and the space above 2700 is small.

Trump fires again: Big scandal! Non-farm payrolls downgrade reveals a scam!!!

Last night, the U.S. Bureau of Labor Statistics released an analysis report showing that the U.S. economy added 818,000 fewer jobs than initially reported between March 2023 and March 2024, the largest revision since 2009.

Trump claimed on Wednesday that the revision of federal employment data was a pro-Democratic conspiracy by the Biden administration! This revision proves that Biden and Harris conspired to manipulate federal economic data! He even directly typed "big scandal" on his Truth Social social networking site!

There are currently two general views on this revision:

One is that this revision will exacerbate people's concerns about the economy, and the Federal Reserve may lag behind the situation in cutting interest rates, which may very well lead to the collapse of the U.S. economy and stock market.

🚀Bitwise senior investment strategist Juan Leon said on X that the proportion of US Treasuries held by stablecoins may soar from 1% to 15%, becoming one of the top three holders! Currently, the market value of stablecoins has grown from $0 to nearly $170 billion, and as regulation advances, this figure is expected to exceed $1 trillion. 🤯

Stablecoins not only enhance the global influence of the US dollar, but will also become the preferred mechanism for digital commerce. What do you think? Feel free to share your views in the comments section

Today's operation suggestion: boil everyone

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