Analysis of Bitcoin and Cryptocurrency Market Situation
1. **Bitcoin Price Decline:** - **Lowest Price:** Bitcoin hit a four-month low of $53,499 on Coinbase at 4:19 a.m. UTC on July 5. This is the lowest since late February. - **Cause:** News about cold wallet transfer of Mt. Gox has put great pressure on the market. MT. Gox transferred 47,229 BTC (worth about $2.6 billion) to a new address. 2. **Liquidation Market:**
1. **Entry:** - **Buy Price:** 1.4xx USD. This is the price you can consider to accumulate DYM. 2. **Chart Analysis:** - **Wedge Pattern:** The chart shows a wedge price pattern, which is often a sign of a strong bullish reversal. This is a model that you have had success with many x2-3 bets before, like the NFP bet. 3. **Position in the Market:** - **Modular Blockchain Coins:** DYM ranks second after TIA in the list of Modular Blockchain Coins. While TIA has a market capitalization of 1.1 billion USD, DYM with only 270 million USD has a lot of growth potential.
What is Web3 Crypto Wallet? How to use Web3 wallet
Crypto Web3 Wallet is an electronic wallet that allows users to interact with decentralized applications (dApps) and new generation blockchains such as Ethereum, Binance Smart Chain, and many other blockchains. Web3 Wallet helps store, send, receive cryptocurrency and interact directly with smart contracts on the blockchain. Types of Crypto Wallets Web3 1. **Software Wallets:** - **MetaMask:** Popular, supports Ethereum and other compatible blockchain networks.
Market Situation and Impact of News From the Middle East
1. **War Situation in the Middle East:** - **News of "truce":** There is information spreading about a truce in the Middle East, directly affecting the financial market. - **Israeli Prime Minister:** Expressed willingness to partially end the war and reach a hostage agreement, but emphasized that the war will not end until Hamas is destroyed. 2. **Effect on Market:**
AEVO Investment Analysis 1. **Entry:** - **Buy Price:** 0.45-0.6 USD. This is the price range where you can consider starting to accumulate AEVO. 2. **Reason for Investment:** - **Supported by Coinbase and Pantera Ventures:** AEVO is supported by large and reputable organizations such as Coinbase and Pantera Ventures, which is a positive sign of the project's development potential. - **Investment History of Pantera Ventures:** Pantera Ventures has a history of investing in coins with great potential and has achieved significant success. 3. **Technical Strategy:** - **Stop Loss (SL):** Set at 0.68 USD. This is the price you should consider cutting losses if the market goes against expectations to protect capital. - **Take Profit (TP):** - **TP1:** 1.3 USD - **TP2:** 2.45 USD 4. **Market Capitalization:** - **Current:** From several billion USD to nearly 300 million USD. This may be a reasonable price to accumulate with high growth potential. 5. **Investment Recommendation:** - **Market Monitoring:** Continuously update information and market developments to be able to adjust strategies promptly. - **Risk Management:** Investing in cryptocurrency can be very risky. Only invest what you can afford to lose and always have a clear risk management plan. Conclude: Based on AEVO's potential, support from Coinbase and Pantera Ventures, and current technical analysis, AEVO could be an attractive investment opportunity with the potential for x2 growth in the short term. However, always consider carefully and apply an appropriate risk management strategy.
Pixel Investment Analysis According to Wyckoff Strategy
1. **Entry:** - **Buy Price:** 0.26-0.28 USD. This is the price range where you can consider accumulating Pixel, based on technical analysis. 2. **Chart Analysis According to Wyckoff:** - **Spring Stroke:** The chart shows a Spring stroke in the Wyckoff pattern, which usually indicates the bottom of a bearish cycle and a possible bullish reversal. - **Bottom Probability:** 90% this could be the bottom of the current cycle. 3. **Technical Index:**
1. **AI Trends:** - **Popularity:** AI is becoming a big trend and widely known, even to people who are not very tech-savvy. - **Growth Potential:** With the continuous development and widespread application potential of AI, investment cash flow into AI-related projects is expected to continue to increase. 2. **WLD Investment Strategy:** - **Entry (Buy Point):** The recommended purchase price is from 2.8 to 3.0 USD, this is the price range where you can consider starting to accumulate.
### Reasons to invest more in ETH: 1. **Diversification:** - **Low predictability:** The future of crypto is very difficult to predict, just like the dot-com boom, it is unknown which company will survive in the long run. - **Risk Management:** Owning both Bitcoin and Ethereum (about 75% BTC and 25% ETH) helps diversify and manage risk. - **Growth Potential:** ETH's market capitalization is about a third of Bitcoin's, still a lot of potential.
#MyFirstFeedPost As of June 20, 2024, the cryptocurrency market is witnessing notable activities and trends. Bitcoin (BTC), the market leader, has experienced significant fluctuations. After hitting highs above $70,000 after the European Central Bank cut interest rates, it has stabilized slightly above $70,000. Ethereum (ETH) is also showing recovery, currently trading above $2,500 and is trending up thanks to increased activity on layer 2 networks such as Arbitrum and Polygon.