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Jinqunqun official account: Why bother to talk about coins
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BTC Rapidly Rises to 58.5k Sooner Than Expected
However, the 61,877 support level failed to hold, which makes me expect it to bounce off 60.911, possibly testing the 62.5k area, and then potentially falling further to around 59.6k. We hope that the 59.6k level can provide some stability.
If the 59.6k level fails to hold, we may see a rebound from the 57k area - either on a daily, weekly or monthly close - with the potential to push higher to retest the 69k area. This could set the stage for a breakout to new all-time highs, or conversely, a breakout to 535k. If we see a breakout below 55k before setting new highs, holding could yield a potential 2-3x return in October or November
However, the 61,877 support level failed to hold, which makes me expect it to bounce off 60.911, possibly testing the 62.5k area, and then potentially falling further to around 59.6k. We hope that the 59.6k level can provide some stability.
If the 59.6k level fails to hold, we may see a rebound from the 57k area - either on a daily, weekly or monthly close - with the potential to push higher to retest the 69k area. This could set the stage for a breakout to new all-time highs, or conversely, a breakout to 535k. If we see a breakout below 55k before setting new highs, holding could yield a potential 2-3x return in October or November
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Midnight 62100🈳,
In the morning, continue to short at 59500,
In the afternoon, the rebound is weak, continue to short and continue to look down
It's amazing! Shorted 2900 points in the morning,
Short at noon, it is now close to 1,000 points again.
In the morning, continue to short at 59500,
In the afternoon, the rebound is weak, continue to short and continue to look down
It's amazing! Shorted 2900 points in the morning,
Short at noon, it is now close to 1,000 points again.
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Midnight 62100🈳,
In the morning, continue to short at 59500,
In the afternoon, the rebound is weak, continue to short and continue to look down
It's amazing! Shorted 2900 points in the morning,
Short at noon, it is now close to 1,000 points again.
In the morning, continue to short at 59500,
In the afternoon, the rebound is weak, continue to short and continue to look down
It's amazing! Shorted 2900 points in the morning,
Short at noon, it is now close to 1,000 points again.
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The dog dealer has been sharpening the knife for 20 days to let you lead 399 meters first. He carried the 400-meter knife last night and cut your account directly. The people who have been long all the way woke up and their dreams were shattered.
It didn't even last for a month. I still thought too highly of the dog dealer and thought it would at least test the top of the red line of 66,800.
Now all the long orders of low-leverage safe positions are stuck at 64,000, and all the orders of high-leverage and high-risk positions have exploded. Ether and Bitcoin alone have exploded 600 million dollars each. It can be understood that the dog dealer pulled the market after the sharp drop on August 5 , then 64000 can eat two waves of long and short positions in a month, and the whole August was harvested cleanly, and all the staff worked in vain.
The market returned to 59500 again, the price of the currency did not change, and all the positions were lost. Everything was a dream, and this dream also had sequelae, that is, if you choose to harvest, how can you let the long positions of 64000 continue to survive? The slow rise repair is an opportunity for long positions to replenish positions, so short-term long positions have high risks and low returns, and you can't take it more than 60400. No one can sell at the highest point, so learning to stop profit is more important than expectations in your mind.
It didn't even last for a month. I still thought too highly of the dog dealer and thought it would at least test the top of the red line of 66,800.
Now all the long orders of low-leverage safe positions are stuck at 64,000, and all the orders of high-leverage and high-risk positions have exploded. Ether and Bitcoin alone have exploded 600 million dollars each. It can be understood that the dog dealer pulled the market after the sharp drop on August 5 , then 64000 can eat two waves of long and short positions in a month, and the whole August was harvested cleanly, and all the staff worked in vain.
The market returned to 59500 again, the price of the currency did not change, and all the positions were lost. Everything was a dream, and this dream also had sequelae, that is, if you choose to harvest, how can you let the long positions of 64000 continue to survive? The slow rise repair is an opportunity for long positions to replenish positions, so short-term long positions have high risks and low returns, and you can't take it more than 60400. No one can sell at the highest point, so learning to stop profit is more important than expectations in your mind.
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A few views on the future cryptocurrency market that will never change:
1. Ethereum will never exceed the market value of BTC. Just use a sentence from the movie Qian Xuesen: Science has no borders, but scientists do. Cryptocurrency has no borders, but the founders and holders of cryptocurrency have borders. Ethereum was founded by Russians. As for Bitcoin, there are many different opinions on the Internet, saying it was Japanese, American, or Chinese. But these are not important. So who are the big holders now? The founder of Binance and the founder of the top cryptocurrency are all Asian. Various institutions such as Grayscale, BlackRock, and other institutions in Europe and the United States. So when did its development originate? It appeared in 2008, so what does it do, and what is it used for now? It is safer to walk, gambling, and what else? It is more convenient for capital circulation. Who needs it? The termites in various countries need it, and the gamblers in American financial institutions need it, etc.
2. It will grow by hundreds of times in the next few years. What is this? It is just a gimmick. The pool is so big, so what does it need? Foreign capital injection, where does the money come from? First of all, think of it as a super-large plate, which needs capital control, so institutions will not buy it. Who will control the market? The top financial crocodiles such as the United States, who are the leeks? Countries need the capital of the outer coat, the termites, etc., and all small countries, as long as they have the money to participate in this game, are the meat on the chopping board.
1. Ethereum will never exceed the market value of BTC. Just use a sentence from the movie Qian Xuesen: Science has no borders, but scientists do. Cryptocurrency has no borders, but the founders and holders of cryptocurrency have borders. Ethereum was founded by Russians. As for Bitcoin, there are many different opinions on the Internet, saying it was Japanese, American, or Chinese. But these are not important. So who are the big holders now? The founder of Binance and the founder of the top cryptocurrency are all Asian. Various institutions such as Grayscale, BlackRock, and other institutions in Europe and the United States. So when did its development originate? It appeared in 2008, so what does it do, and what is it used for now? It is safer to walk, gambling, and what else? It is more convenient for capital circulation. Who needs it? The termites in various countries need it, and the gamblers in American financial institutions need it, etc.
2. It will grow by hundreds of times in the next few years. What is this? It is just a gimmick. The pool is so big, so what does it need? Foreign capital injection, where does the money come from? First of all, think of it as a super-large plate, which needs capital control, so institutions will not buy it. Who will control the market? The top financial crocodiles such as the United States, who are the leeks? Countries need the capital of the outer coat, the termites, etc., and all small countries, as long as they have the money to participate in this game, are the meat on the chopping board.
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If you ask me whether the cryptocurrency market is currently in a bull market, I will tell you clearly that it is not a bull market now.
1. In recent months, the trading volume of the cryptocurrency market has continued to be sluggish, and market sentiment has also reached a low point in repeated fluctuations.
2. Any price increase seems accidental and lacks sustainability, which is obviously not in line with the characteristics of a bull market.
3. The overall financial market environment is not optimistic. In addition to the fact that the "Big Seven" of the US stock market has stopped its blood-sucking crazy rise, Japan's interest rate hike policy has also made it impossible for the yen carry trade to continue.
1. In recent months, the trading volume of the cryptocurrency market has continued to be sluggish, and market sentiment has also reached a low point in repeated fluctuations.
2. Any price increase seems accidental and lacks sustainability, which is obviously not in line with the characteristics of a bull market.
3. The overall financial market environment is not optimistic. In addition to the fact that the "Big Seven" of the US stock market has stopped its blood-sucking crazy rise, Japan's interest rate hike policy has also made it impossible for the yen carry trade to continue.
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Someone said: "The last time the Fed cut interest rates, the price of a cake fell four times. If you don't believe it, go check it yourself." What do I think?
Finance is a complicated thing. You can't apply it mechanically. If you can't grasp the essence, then listen to the right person.
Simple ignorance can easily make people confident, so it is difficult to surrender. Simple self-confidence can easily make people develop path dependence, so it is difficult to connect to the truth.
The most recent interest rate cut occurred in 2019-2022, accompanied by the epidemic.
The two most recent halvings were in 2016 and 2020. The big bull market started in 2017 and 2021.
Then 2018-2020, 2022-2024 are bears.
Note that the big bull in 2021 is the epidemic and interest rate cuts at the same time.
What problems will everyone find?
That is, the most recent interest rate cut just started when the epidemic started and ended when the epidemic was basically over.
That is to say, 2019-2020 is the overlap of bears and interest rate cuts, and also the overlap of interest rate cuts, epidemics and big bears. The whole plus plus smashing.
The bull market in 21 years is halved, with interest rate cuts and the end of the epidemic overlapping.
Finance is a complicated thing. You can't apply it mechanically. If you can't grasp the essence, then listen to the right person.
Simple ignorance can easily make people confident, so it is difficult to surrender. Simple self-confidence can easily make people develop path dependence, so it is difficult to connect to the truth.
The most recent interest rate cut occurred in 2019-2022, accompanied by the epidemic.
The two most recent halvings were in 2016 and 2020. The big bull market started in 2017 and 2021.
Then 2018-2020, 2022-2024 are bears.
Note that the big bull in 2021 is the epidemic and interest rate cuts at the same time.
What problems will everyone find?
That is, the most recent interest rate cut just started when the epidemic started and ended when the epidemic was basically over.
That is to say, 2019-2020 is the overlap of bears and interest rate cuts, and also the overlap of interest rate cuts, epidemics and big bears. The whole plus plus smashing.
The bull market in 21 years is halved, with interest rate cuts and the end of the epidemic overlapping.
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65000 empty basket. Currently, Bitcoin has gained 1580 points of space. Those who have followed can give feedback! It has been said that the price of Bitcoin will definitely fall back on Monday. Let's continue to watch it. We will not leave the market until we make a profit! See you at 63000 tonight!
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Powell hinted at a rate cut, will the Fed make a big move in September? Bitcoin soared to 65,000! Is it a real breakthrough or not?
Yesterday, Powell mentioned at the Jackson Hole Annual Meeting that "the time is ripe for rate cuts" and hinted that the Fed may start a rate cut cycle at the upcoming September meeting.
Although he did not provide a specific rate cut path and speed, he only emphasized that future policies will depend on "upcoming data" and "balance of risks",
but these words have been interpreted by the market and major institutional media as a strong signal of a rate cut in September.
Yesterday, Powell mentioned at the Jackson Hole Annual Meeting that "the time is ripe for rate cuts" and hinted that the Fed may start a rate cut cycle at the upcoming September meeting.
Although he did not provide a specific rate cut path and speed, he only emphasized that future policies will depend on "upcoming data" and "balance of risks",
but these words have been interpreted by the market and major institutional media as a strong signal of a rate cut in September.
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Come on, fight for the main uptrend!
The current risk of missing out is far greater than the risk of being trapped
Take the bottom long order and prepare for the arrival of the main uptrend, and the interest rate cut speculation officially begins
The last 4 months of 2024,
It should be the best 4 months in the past two years,
Next we will see that various sectors rotate and copycats fly around
Some copycats appear in just a few days and pull 3-5 times the scene
The current risk of missing out is far greater than the risk of being trapped
Take the bottom long order and prepare for the arrival of the main uptrend, and the interest rate cut speculation officially begins
The last 4 months of 2024,
It should be the best 4 months in the past two years,
Next we will see that various sectors rotate and copycats fly around
Some copycats appear in just a few days and pull 3-5 times the scene
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Reviewing the trend of altcoins in August last year, we can see that monster coins such as $TRB, $YGG, $STORJ, $BLZ and $GAS frequently appeared, with a single-day increase of more than 50%. The emergence of these monster coins marks the phased recovery of altcoin liquidity, and market sentiment is gradually warming up.
From August to mid-October last year, it was the period of shock bottoming before the launch of altcoins. After most altcoins hit a new low in August, they ushered in a wave of rebounds in September. The last retracement in early October did not fall below the low point in August, and then a fierce rise began at the end of October.
Combining last year's trend, this year's general trend and our trading experience, we predict that "August will be the first performance of the second half of the altcoin bull market."
The market of altcoins sometimes recovers quickly, and sometimes it seems slow. If you can endure the loneliness, you will eventually get rich rewards.
From August to mid-October last year, it was the period of shock bottoming before the launch of altcoins. After most altcoins hit a new low in August, they ushered in a wave of rebounds in September. The last retracement in early October did not fall below the low point in August, and then a fierce rise began at the end of October.
Combining last year's trend, this year's general trend and our trading experience, we predict that "August will be the first performance of the second half of the altcoin bull market."
The market of altcoins sometimes recovers quickly, and sometimes it seems slow. If you can endure the loneliness, you will eventually get rich rewards.
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Good news for cryptocurrencies! Biden never expected it! Billionaire investor Mark Cuban said in an interview that Biden's presidential candidate Harris seems to be more open to cryptocurrencies than Biden, so she may deviate from the hostile policies of the Biden administration in the future. Not only that, business leaders are optimistic about Kamala Harris' prospects, believing that if she is elected, she will be a stronger advocate for cryptocurrencies and other emerging technologies. It is generally believed that she has closer ties with Silicon Valley and the technology industry. Crypto industry advocates hope that Harris will embrace this field and promote dialogue with industry leaders to create a more favorable regulatory framework.
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8.23BTC current price 60800, Ethereum is going strong today, including many altcoins are moving, today's Bitcoin analysis for your reference
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Market analysis on August 22:
BTC
The recent market trend is volatile, which is an ideal market for swing traders because they can operate with confidence:
The market has neither risen nor fallen sharply.
However, for investors who lack confidence, this market situation may make people anxious.
Yesterday someone asked if it is necessary to liquidate the spot.
This question is often mentioned, and my answer is always the same: you should not wait until the price falls before rushing to liquidate, such operations are often "escaping from the battlefield."
BTC
The recent market trend is volatile, which is an ideal market for swing traders because they can operate with confidence:
The market has neither risen nor fallen sharply.
However, for investors who lack confidence, this market situation may make people anxious.
Yesterday someone asked if it is necessary to liquidate the spot.
This question is often mentioned, and my answer is always the same: you should not wait until the price falls before rushing to liquidate, such operations are often "escaping from the battlefield."
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The key decision before the big bull market: hold on or sell at a loss?
At present, the market does have the risk of a second decline, and it may even fall below $53,000 again. This situation is not uncommon, as the expectation of the Fed's interest rate cut gradually increases and the signs of a big bull market become more obvious.
Before the arrival of the big bull market, the market makers may create enough market volatility to force retail investors to sell at a loss and fight for more chips.
The basic logic of the market is that in the absence of large fluctuations, retail investors will not actively chase up or sell at a loss. Therefore, the market may experience extreme pressure before the Fed confirms the interest rate cut on September 18.
At present, the market does have the risk of a second decline, and it may even fall below $53,000 again. This situation is not uncommon, as the expectation of the Fed's interest rate cut gradually increases and the signs of a big bull market become more obvious.
Before the arrival of the big bull market, the market makers may create enough market volatility to force retail investors to sell at a loss and fight for more chips.
The basic logic of the market is that in the absence of large fluctuations, retail investors will not actively chase up or sell at a loss. Therefore, the market may experience extreme pressure before the Fed confirms the interest rate cut on September 18.
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Should I close my short position and go long? What if the price goes up again?
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Let the copycats revel in their passion, the prices double every day, the real copycat season doesn't care about the big cakes at all