The price of Bitcoin has been sideways in the range of about 50,000-70,000 US dollars for a full 6 months, fluctuating up and down in this range, and the long and short conversions are particularly fast, instead of the previous cycles of slowness. The secondary market trading is also the most difficult since entering the circle. From the overall trend of the later period, the expected positive impact of interest rate cuts this year has basically been digested. In the absence of major actions and strong positive stimulation, Bitcoin should have another large and rapid decline in Q4. Personally, it is estimated that it will reach 39,000-42,000, below the middle track of the monthly K-line Bollinger, but many altcoins have fallen to the bottom, and the recent short-term trend is still unclear.
#美联储何时降息? The reason why it is difficult to trade this year and many people did not make money is not because it is a bull or a bear, but because the market sentiment changes too quickly, and too many people have not switched their long or short thinking. It falls or rises for a week, and then suddenly reverses. By the time your inertial long or short thinking is formed, the real market has actually switched. No matter what you do, it is wrong. Therefore, this hell-level trading difficulty is also something that has not been encountered in the previous bull markets.
#BTC走势分析 In fact, the current position is very awkward. Iran and Israel may fight at any time, which is a major negative. As long as there is news, it will fall at any time. There are risks in going long. And now it is rebounding, so there are certain risks in going short. You can only take a small position to try.
#美国大选如何影响加密产业? The market has entered an extremely narrow range of fluctuations. The impact of Mentougou has become smaller today. The trading value is not great. There should not be much fluctuation before the Bitcoin Conference. At present, the most attention is paid to the Bitcoin Conference on July 25-27. The fluctuations in those two days are estimated to be quite large. If trading is done at present, it will be mainly light short positions. Whether the direction can be chosen after the Bitcoin Conference will be a big highlight, but it is estimated that there will be more positives than negatives.
If Trump and Musk attend the 2024 Bitcoin Conference, the traffic will be overwhelming, and the price of Bitcoin may reach a new high. If they say something good about future regulatory policies at the conference, the follow-up will be even more exciting. #美国大选如何影响加密产业? #比特币大会
#美联储何时降息? It is not scary for Bitcoin to rise or fall sharply in the next two months. The most uncomfortable trend is expected to be: between $60,000 and $70,000, with $65,000 as the center, and continuous narrow fluctuations, and then a sharp decline in trading volume, waiting for the Federal Reserve's interest rate cuts or the Trump administration's stimulus to the crypto market to change the trend. In that way, the value of the entire crypto market transactions will be greatly reduced.
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He Yi: Ten years of cryptography and my industry values
“From the first day of founding Binance, I said that we are not starting a business, we are making history.”
Written by Zhou Zhou, Foresight News
This is He Yi’s tenth year in the cryptocurrency industry and the seventh year of Binance, which she co-founded with CZ.
This year, Binance struggled but eventually successfully emerged from the quagmire of strict US regulation. Binance's registered users reached 210 million, Binance's user assets reached 100 billion US dollars, and BNB's market value once reached nearly 100 billion US dollars. Looking back on the past ten years in the crypto industry, He Yi shared many of her experiences and insights, including her investment philosophy, coin listing values and industry vision.
Will there be a small wave of Trump bulls in the future? I think it is very likely. Trump bulls are not without logic. If Trump really attends the 2024 Bitcoin Conference, the traffic brought to Bitcoin and the crypto market will be explosive, and the short-term traffic will even exceed the approval of the Bitcoin ETF. Although this is only short-term, if he introduces loose policies related to the cryptocurrency market after taking office (it seems very likely that he will be elected president), this will be a long-term huge positive impact. #美国大选如何影响加密产业?
I have been leading Binance for almost half a year. The public account has achieved a 1000% return and has been ranked No. 1 in Sharpe ratio. The private account has been in the top 3 in Sharpe ratio for a long time. The public account has experienced ups and downs. My mentality is also constantly changing. I hope that it will continue to improve in the future and help everyone make money together. #美联储何时降息? #币安合约锦标赛
#比特币减半 Bitcoin halving was successful. This halving was combined with the ETF bull market, and the performance of the copycat was completely inferior to the previous halving bull markets.
There are many people in Binance Square who brag about how awesome they are and set up various communities, but they dare not open a real account with orders.
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PANews Editor's Note: PANews has selected a week's worth of high-quality content to help you fill in the gaps during the weekend. Just click on the title to read.
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