$BOME The bad news will go away. I will hold the coins from now on until I die.
I will not sell the coins, cash out, or short.
I will not look at the price, whether it goes up or down.
I will hold the coins faithfully and will not sell them regardless of life or death.
I am a believer in blockchain. I am the flame that resists the plunge, the light at the time of the surge, the horn that awakens the leeks, and the shield that protects the coins.
I will dedicate my life and glory to the coin keepers, tonight and every night.
Ah, something went wrong again. Can the crypto market recover? Let's take a look: A statement from Powell caused the Nasdaq to plummet by 3.61%, close to the largest drop in recent years. Moreover, Powell's hawkish remarks didn't stop there! He specifically criticized the crypto market, stating that the Federal Reserve cannot hold Bitcoin. This led to a 5% drop in Bitcoin, which is just terrible.
This is a hard market crash; no one could predict what he said, it really was a bolt from the blue. It's not just retail investors; even Wall Street can only stand there and take the hit. The main reason for this plunge is Powell's indication that there won't be significant interest rate cuts next year, possibly only two cuts, which has caused various assets to decline.
However, the crypto market is holding up relatively well, with Bitcoin's drop being similar to that of the Nasdaq, without much additional decline. Powell's statement about the Federal Reserve not holding Bitcoin does not affect Trump's Bitcoin strategic reserves because the strategic reserves are held by the government, not the Federal Reserve. So on January 20th, when Trump takes office, there is still a good chance that BTC will become a national reserve.
In fact, despite Bitcoin's sharp drop, if you look at ETFs, there is still a significant net inflow of funds. What does this indicate? It shows that Wall Street views this plunge as an opportunity to enter the market, not to exit. During this period, there may be some secondary bottom testing, but don't be afraid; these are all opportunities to get on board. Once the adjustments are done, the crypto market will set off again. Shuqin is with everyone!
The blood-red Christmas night has arrived as scheduled.
In the past 24 hours, the entire network liquidated $843 million, with long positions liquidating $743 million.
Many people think the drop is due to Powell's statement: The Federal Reserve is not allowed to hold Bitcoin and does not wish to change the law.
But isn't this statement somewhat contradictory to Trump's strategic reserve plan? Trump: I'll eliminate you as soon as I take office!
Of course, interest rates are still expected to be cut. And for the next 25 years, they may continue to be cut.
So why the massive drop?
In fact, in the big picture, sometimes the market's reaction precedes the news. The sentiment is extremely greedy. As long as the market's information is positive feedback, it's fine, but any slight disturbance will make it very sensitive.
On the first day of my return, I mentioned this topic, and the general drop in altcoin markets confirmed this topic.
At this time, only Bitcoin remains strong. However, Bitcoin has already risen over 90% in this round. As long as Bitcoin corrects, according to the current market sensitivity, altcoins will further collapse!
Ten years of experience in the crypto circle. A correction is a must on Christmas night. This is also the reason I do not recommend playing with altcoins during this period.
Of course, whether it's spot trading or other forms, adjusting positions based on market changes and on-chain movements is the key.
My strategy remains to share without charge, tap on the avatar to follow! #币安Alpha项目公布 #BTC☀ #ETH🔥🔥🔥🔥 #加密市场回调
Ethereum has broken through, first looking at $5000, next step $8000! As we analyzed yesterday, large funds did indeed enter Wall Street last night, with both Bitcoin and Ethereum breaking through. Many people think that Ethereum might be a false breakout, but you have to consider that BTC has truly broken out and will continue to rise, while ETH had previously tested the $4000 level multiple times, so I tend to believe that this time the $4000 level is a true breakout, about to enter a price vacuum zone, it’s a sea of stars!
The current strange market situation is indeed as we analyzed a few days ago, where Bitcoin is sucking liquidity from small coins. Bitcoin needs to rise first, for example to around $120,000, before small coins will start to rise and explode. Actually, I was quite surprised that Ethereum was able to rise with BTC without being drained. It seems that Ethereum's ETF is indeed effective, being flooded by Wall Street's large funds, soaring together.
We firmly entered long positions in ETH at over $3800. At that time, many people were bearish, caught by the liquidation data, even shorting and getting liquidated, while our community was aggressively adding positions, buying what others dared not buy.
If you haven’t entered ETH before, you can buy on the dips this time, as it is expected to reach the $5000 level. On the other hand, with BTC and ETH skyrocketing, the arrival of altcoin season is a certain event, so coins like Pepe, Uni, Doge, and AAVE can be good points to accumulate on dips. In about a few weeks, the altcoin season should start, don’t say I didn’t remind you~
It was done before, why does it automatically switch to Ethereum when opened now?
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颜驰Bit
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Bullish
📌 dappOS, tomorrow we will start the second phase of the internal test~ BSC chain!
In the last wave of GOAL, everyone's minimum was doubled. Look carefully, at least doubled! The tutorial is below! Only by entering the internal test code can you see the interface, it is still in the internal test stage!
Tutorial:
1. Open https://portal.dappos.com/ in the Binance web3 wallet
2. Click More in the lower right corner of the interface (see Figure 1)
3. Click Join a Team and enter the internal code: zhr3qt (see Figure 2) Only after entering can you see the internal test interface, otherwise you can't see it.
4. After completion, you can see the Trade interface (see Figure 3-4)
5. After completing the above steps, you can see. #dappos
📢: The chain is BNB chain, don't cut it into ETH chain.