Every day at the square to see how many headstrong shorts there are, such a rally has already played out last year, so why doubt it. The market value of BTC is 1.7 trillion, roughly half of Nvidia; since institutions have the ability to push Nvidia to 3 trillion, pushing BTC to 2 trillion is not difficult, so do not doubt without logic. This wave can first look at 100,000, corresponding to a market value of 2 trillion, roughly one-tenth of gold's market value. This doesn’t mean to short when it reaches 100,000; the bull market can hedge, do not short #BTC连续破新高,你看到多少?
Currently, it is the third wave of daily rise. The first wave rose by 30%. This wave can be seen at 80,000. After entering the spot market at 15,000 and 25,000, the last chips will be put in again. If it falls, leverage will be added. If it falls below 60,000, stop loss. If you are wrong, you will lose 10%. The important thing is to get on board
****Weekly analysis**** This time we talk about ETH. ETH encountered a huge amount of selling pressure this week, which may be related to some liquidation events. The price of ETH once fell below the weekly shock channel, which was very dangerous. Fortunately, the price rebounded in the next two days. When you reach the channel, you can pay attention to the price and test again whether the buying demand at the lower edge of the channel is strong. It is recommended to increase the long position.$ETH #CryptoMarketMoves
***Weekly Analysis***We successfully predicted last week that Bitcoin will fluctuate downward. As the United States enters recession, market confidence has plummeted. Beware of the coming of the bear market. It is expected that Bitcoin will be difficult to reverse in a V-shape in the future, digesting the negative effects of range fluctuations. Follow us and use strategies to deal with Volatile markets.#BTCMarketPanic #MarketDownturn
****Weekly analysis: BTC is still in the week shock channel. ****
As shown in the figure, BTC has rebounded to the upper edge of the channel. Due to the poor performance of US stocks, we still cautiously believe that BTC is still likely to fluctuate downwards.$BTC
**Weekly Analysis: It's Time to Increase Long Positions**
As previously analyzed, due to insufficient liquidity, BTC has undergone a predictable correction. Now, BTC has retreated to the 0.618 Fibonacci retracement level of this upward movement, a critical support zone. We have started to increase our long positions. Although there is still a mid-term expectation of a further pullback in BTC, this remains a correction within a bull market. From the perspective of stablecoin market capitalization, there are no signs of significant capital outflows, so there is no need for excessive panic.$BTC #MtGoxJulyRepayments
Why do we insist on a bearish outlook for the current market? It is mainly due to liquidity issues. As can be seen from the chart, the market cap share of stablecoins, when encountering trendline resistance, leads to a significant market pullback. Currently, the market cap share is around 6%. If liquidity is to rise to a reasonable percentage, which we estimate to be 8%, the overall cryptocurrency market cap would drop to 2 trillion, currently at 2.5 trillion. This indicates that the market still has a need for further correction.#altcoins #bitcoin
A significant discrepancy between non-farm payroll data and ADP employment data often signals a looming recession. Caution is needed, as once a real recession signal appears, the market will experience significant volatility. BTC failed to break through the previous high this week and fell back again, with various altcoins experiencing substantial declines. We still believe that market risks have not been fully released and that it is necessary to wait for more positive signals. For contract traders, we recommend using quantitative strategies rather than manual operations.
Because the current funding momentum of cryptocurrency is now driven by ETFs, the influence of the US stock market on cryptocurrency cannot be ignored. Why we need to pay special attention to the downside risks in the second half of the year is because the US stock market has reached a relatively dangerous high level, with monthly MACD showing divergence. Additionally, during each initial rate cut, the US stock market has performed poorly.