It is reported that due to the market's uneasiness about Trump's return to power, some original investors of Bitcoin began to cash out, which caused the current round of digital currency's sharp drop. This round of Bitcoin's bull market may be over. A sharp rise in the future may require major positive news.
Therefore, in the near future, everyone's long-term bottom-fishing is mainly short-term, and bottom-fishing spot should not be bought all at once.
$BTC #BTC #ETH

Today's contract order recommendation

I'll give you an order
Currency: $BTC
Direction: Long
Entry point: 58000-58200
Stop loss: 57000
Take profit: 59000
If you find it helpful, please remember to follow it
#BTC

Why did the market fall so much? Is it a good time to buy the bottom now?
1. The Mentougou compensation incident caused market turmoil.
2. The German and US governments sold a large number of assets, causing market panic.
Against the backdrop of the market crash, some high-quality currencies are worth our gradual entry.
For example, $IO , as the largest GPU computing power network project in Web3, has become one of the most watched DePIN+AI projects in this cycle under the shortage of global computing power resources.
IO fundamentals and future prospects:
io.net is a decentralized GPU computing power network that is widely used in AI, rendering, games, ZK verification nodes and other fields.
io.net brings together GPU resources from independent data centers, crypto miners and individual participants, and uses decentralized computing power for complex tasks such as AI training and reasoning through advanced distributed cluster technology. As we all know, the potential of AI is unlimited.
At present, io.net has more than 200,000 GPUs with verified computing power authenticity, including 20,000 professional AI graphics cards such as A100, H100, L40S, etc. This makes io.net the DePIN project with the most computing power in the Web 3 field, and its potential is immeasurable.
The strong value of IO tokens:
IO is the governance and utility token of io.net. As the largest GPU DePIN platform at present, io.net has received two rounds of private financing support from Multicoin Capital and Hack VC. IO was launched on Binance on June 11, 2024.
In the third quarter of 2024, the IO Foundation will launch the IO king plan, requiring GPU nodes to pledge IO to ensure the stability and quality of GPUs, thereby improving the quality of network hardware, expanding the application scenarios of IO tokens, and further enhancing their value.
io.net also has a vibrant community. In three rounds of airdrop activities, more than 1 million Solana wallets received IO token rewards, including GPU contributors, community supporters, Galaxy members, and Discord community members, all of whom shared the community benefits.
At present, a large number of IO ecological projects are under construction, including computing power tokenization, AI technology stack based on decentralized computing power network, DePINFi project based on IO pledge mechanism, etc.
In the period of market downturn, it can be said to be a very wise decision to pick up high-quality chips such as IO at a low price and hold them until the bull market that may appear in the future.
#IO去中心化算力网络 #IO

Today's results $ETH

$ETH
Before the ETF subscription begins, ETH still has a great chance of hitting above 3500

Here is an order for you
Currency: ETH
Direction: Short
Entry point: 3400-3420
Stop loss: 3450
Take profit: 3350-3370

The next US election, whether Trump or Biden is elected, will have a significant impact on the cryptocurrency market:
Trump takes office:
1. Friendly regulatory environment: Trump is "open-minded" about cryptocurrencies and may continue to implement loose regulatory policies.
2. Loose monetary policy: Trump advocates low interest rates and loose monetary policy, which is conducive to safe-haven assets such as Bitcoin.
3. Tendency of weaker US dollar: Trump prefers a weak dollar to promote exports.
4. Geopolitical tensions: Global trade frictions intensify, risk aversion heats up, and Bitcoin may benefit.
In summary, Trump's policy tendencies are conducive to the development of Bitcoin, and loose policies, weak US dollars and political tensions may push up demand for Bitcoin.
Biden takes office:
1. Strengthen supervision: The Biden administration tends to strengthen supervision of cryptocurrencies, and the SEC and the Treasury Department will increase supervision.
2. Tightening tax policies: Biden advocates raising capital gains taxes and taxes on the rich, which may increase the tax burden on cryptocurrency investors.
3. Prudent monetary policy: Biden supports a prudent monetary policy and gradually tightens it, which may put pressure on Bitcoin prices.
4. The dollar is relatively stable: The Biden administration tends to maintain the stability of the dollar, which may weaken the safe-haven appeal of Bitcoin.
Overall, Biden's policy inclinations may put pressure on Bitcoin, and increased regulation, tighter monetary policy and the stability of the dollar may affect Bitcoin's market performance.
#BNB #BTC #ETH #NOT #IO

As a talented college student, I am currently studying at the University of Toronto, ranked in the top 20 of QS, and officially settled in Binance Square today.
I made hundreds of thousands of dollars from speculating in cryptocurrencies in the past few years. Now I am going to play with tens of thousands of U again to see when I can make millions of U.
I hope you will pay attention to me. I will share strategies frequently. Thank you all
#IO #BB #PEPE #NOT #ETH