📊｜Alt mainly looks at the turning point of the moving average

There is also a strong support level. When BTC fell a few days ago, it also held this position. The point is that when you open your phone and see that everyone is shorting, you should be careful of inducement to short
#美国大选如何影响加密产业？

Do what you say, and any delay is disrespectful to Pindar.

Set a profit stop position to at least protect your capital. Even if the profit is lost, you can still protect your capital
#加密市场急跌

📊｜Bitcoin short-term shorts can be done
————————————————
Continuing from the last time, BTC is now in a new convergence trend. In this convergence zone, the current position is also considered high

🔻And the market is now showing three falling indicators
1️⃣Small double top
2️⃣Dead cross of moving average
3️⃣Pindar, the king of reversal

Brothers, such a strong short signal, it is better to kill it than to let it go
#加密市场急跌

📊｜Analysis of BTC's new cycle
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After two days of low liquidity sideways fermentation over the weekend, Bitcoin broke downward at 00:00 on the 16th.

Many people found that it was a downward channel from the weekly chart. But in fact, BTC has quietly walked out of a new convergence trend recently.

What needs to be focused on is whether the new low point has been broken. If it breaks through 52,500 to create a new low, it means that the decline continues. Otherwise, a new trend begins.
#加密市场急跌

📊｜BTC regains six figures, analyzes the rise of Bitcoin
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📢Bitcoin spot ETF had a net inflow of US$263 million yesterday, setting a recent high, which shows that investors' interest and confidence in Bitcoin are increasing.

🔥 Below is a summary of the reasons for the recent rise in BTC:

1️⃣Institutional capital inflow:
The ETF net asset ratio reached 4.59%, showing that more and more traditional financial institutions are incorporating Bitcoin into their investment portfolios. The continued inflow of institutional funds is the main driving force behind the rise in Bitcoin prices.

2️⃣Fidelity ETF FBTC performed strongly:
Fidelity ETF FBTC had a net inflow of US$102 million yesterday, showing investors' favor for it. As an old financial giant, Fidelity's participation has important weathervane significance for the Bitcoin market, further enhancing investors' confidence.

3️⃣ Grayscale GBTC outflow slows down:
Although GBTC has a large historical net outflow, yesterday's net inflow of US$6.6639 million shows that the outflow rate is slowing down and even showing signs of reversal. This may be related to the expectation that GBTC seeks to convert to a spot ETF, which will attract more capital inflows once the conversion is successful.

4️⃣ Increased institutional interest:
The listing of cryptocurrency exchanges such as Coinbase has attracted the interest of institutional investors and driven up the price of Bitcoin.

5️⃣ Expected rate cuts by European and American central banks:
The European Central Bank (ECB) cut interest rates as expected, coupled with the latest economic data from the United States, strengthened expectations that the Federal Reserve will cut interest rates next week. These factors all provide support for the rise of BTC.

And Bitcoin has seen a significant rise throughout 2023, climbing from US$16,530 at the beginning of the year to US$42,258 at the end of the year. This upward trend in Bitcoin prices is similar to the stock market trend between November 2021 and June 2022, indicating that current market investors may view Bitcoin as a stock.

♦️Overall: The strong performance of Bitcoin spot ETFs is the main reason for the rise in Bitcoin prices. The continued inflow of institutional funds, the strong performance of Fidelity ETFs, and the recovery of Grayscale GBTC inflows all indicate that investors are confident in the long-term value of Bitcoin.
#灰度将推出首个美国XRP信托

📊｜ETH and the problems that need to be solved by L2 decentralization
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📢As the second largest cryptocurrency by market value, the centralization problem of ETH's network has always attracted much attention. Currently, both the Ethereum mainnet and the L2 expansion plan face centralization risks, which pose a threat to its security, anti-censorship and long-term development

The centralization problem of the ETH mainnet is mainly reflected in staking. At present, the three major institutions, Lido, Coinbase and Binance, control more than 85% of the liquidity staking validators, far exceeding the 15% previously expected by Vitalik. This degree of centralization makes the Ethereum network vulnerable to regulatory pressure and single point failure.

🔻Ethereum L2 expansion plan also has centralization problems. The ETH assets of mainstream L2s such as ARB, OP and Base are all hosted in multi-signature wallets controlled by a few companies, which completely violates the original intention of decentralization and the principles of Web3.

Why I think most L2s will not be decentralized. Because of the incentive mechanism, asking them to decentralize is like asking them to cut off their own arms with a knife

🔥For the centralization problem of ETH mainnet and L2, the following solutions may be adopted:

1️⃣, Encourage decentralized staking: Through protocol upgrades or community initiatives, encourage users to choose decentralized staking service providers to reduce the market share of giants such as Lido.

2️⃣, Promote L2 decentralized governance: L2 project parties should actively promote the decentralized governance of multi-signature wallets, gradually transfer control to the community, and improve transparency.

3️⃣, Explore more decentralized expansion solutions: In addition to Optimistic Rollup and ZK Rollup, other more decentralized expansion solutions, such as state channels and side chains, can also be explored to reduce dependence on a few L2s.

4️⃣, Improve node diversity: Encourage the use of different client software to run nodes to avoid large-scale node failures caused by single client bugs.

♦️In general, solving the centralization problem of Ethereum is a long and complex process that requires the joint efforts of developers, communities, and users. Through technological innovation and governance optimization, the centralization risk can be gradually reduced and a more decentralized, secure, and sustainable Ethereum ecosystem can be built.#以太坊基金会

📊｜BTC real-time update, double top escape
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📢Three days ago, short orders were closed in batches to avoid profit taking caused by this wave of rebound. Unfortunately, when the short orders were closed, the opportunity to go long was not seized. I was also short for three days

BTC plummeted to $52,510 in the early morning of September 7, and immediately rebounded to $54,000 after bottoming out. Since the plunge occurred in the early morning, many Chinese people woke up in the morning to receive liquidation information and missed the opportunity to buy at the bottom.

🔻The 1-hour Bitcoin K-line chart has shown a very obvious double top signal. It is recommended that long-term partners can stop profit and escape. Brothers who see the general direction can consider continuing to short #美国大选如何影响加密产业？

📊｜Take stock of the current L2 centralization issues
————————————————————

🔥Currently, Ethereum is quietly deviating from its original intention of decentralization

It is not difficult to find that Ethereum is trying to repeat the mistakes of Bitcoin by abandoning on-chain expansion and turning to support L2. Mainstream L2s all have centralization problems, which can censor and steal user funds. Ethereum leaders promote and celebrate this trend, pushing users to centralized platforms.

🔻It is well known that the trend of centralization violates the spirit of blockchain and the principles of Web3

Centralized L2 gives companies subject to government censorship greater power, which runs counter to the spirit of privacy and cypherpunks. Ethereum is becoming a centralized service platform, which violates its original design concept.

🔻And from past events and human nature, centralized institutions will hardly give up power on their own initiative. And L2 operators, driven by interests, are unlikely to choose decentralized solutions, which is no different from letting them pick up stones and shoot themselves in the foot.

♦️In general, Ethereum's L2 solution does not solve the problem of centralization, but exacerbates this trend. Driven by the interests of L2 operators and the promotion of Ethereum leadership, Ethereum has gradually deviated from its original intention of decentralization. This has made many Ethereum investors pessimistic about the future of Ethereum, believing that most L2s will continue to remain centralized. I implore Vitalik not to indulge in love and come to protect our panel🍞

#美国经济软着陆？

📊｜Big Bitcoin and Shanzhai are in reverse, Shanzhai hits the bottom
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According to the previous relationship between Big Bitcoin and Shanzhai, Big Bitcoin fell slightly, while Shanzhai collapsed. The non-agricultural data came out last night, but the market went the other way. The dealers’ good news was exhausted. BTC fell after a night of fermentation. In the morning, Shanzhai not only did not fall, but even rose.

🔻It can be said that the current relationship between Shanzhai and Big Bitcoin has reversed, which is a bit like the prelude to the Shanzhai season. However, there is another reason, that most Shanzhai have already hit the bottom, and they can’t fall any further.

🔻According to previous analysis, whether it is BTC or Shanzhai, the performance is weak, and the current BTC short orders are still opening at an average price of 59,100. Now the short orders can consider stopping profits.
#美国8月非农就业人数不及预期

📊｜Downward rising channel, trend extension
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Although this downward rising channel is tortuous, the idea is correct, just stick to your direction. Don't be fooled by the short-term rise

🔻The trend is very clear now, follow the extension of the trend to survive, and resist against the current and easily be crushed
#美国8月非农就业人数不及预期

📊｜BTC's current trading strategy in the current environment

📢These two days have been very frightening for traders with high multiples of BTC contracts. Whether they are long or short, they are jumping up and down. They are out of the market soon after entering the market, and they are repeatedly wasting their tips, which is really uncomfortable

🔻From the analysis charts of large and small cycles, it can be seen that BTC is still in a downward channel. Before the interest rate cut strategy is introduced, our main direction is still shorting

🔻Compared with the previous situation, it is recommended to open a small position at present. If there is a profit after entering the market, set a stop-profit line immediately
#非农就业数据即将公布

📊｜Analysis of the reasons for the weak trend of ETH
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📝Since Ethereum briefly reached $4,000 on 3.13, its performance has been poor in the past half year. Below, Xiaomai summarizes the reasons for ETH’s recent poor performance.

1️⃣. Insufficient demand: Ethereum’s second-layer expansion plan and re-staking mechanism failed to significantly drive ETH demand like early ICOs and DeFi. The L2 solution overlaps more with the main chain functions, resulting in less active trading activities. At the same time, although Restaking reduces the circulation of ETH, it does not prompt more assets to be priced in ETH, which limits its demand.

2️⃣. Macroeconomic impact: Global macroeconomic policies have shifted from easing to tightening, which has affected investors’ interest in crypto assets. In addition, the flexibility of ETF products allows large currency holders (whales) to easily enter and exit the market and cash out through ETFs, putting pressure on ETH prices.

3️⃣. Changes in PoS cost structure: Compared with PoW, the costs of verifiers and pledgers in the PoS era are lower, and are mostly priced in cryptocurrency. There is a lack of price support points formed by miners in the PoW era due to the cost of legal currency, making the ETH price easier Affected by market fluctuations.

4️⃣. Historical issues: The impact of the ICO crash in 2018 made the Ethereum community become more conservative, focusing on orthodoxy and following the roadmap, leading to the trend of “to V entrepreneurship” in the ecosystem and the high valuation of “halal” projects . These factors result in low split rates, illiquidity, and lower market returns compared to competitors, which in turn weakens Ethereum’s market competitiveness.

🔻The main challenges ETH currently faces are insufficient demand and adverse macroeconomic effects. The shortfall on the demand side is mainly due to changes in technology and market narratives not delivering the expected demand growth. Additionally, global macroeconomic tightening has weighed on all risk assets, including cryptocurrencies.

♦️In general, Ethereum needs to solve the problem of insufficient demand and find new growth points in the context of macroeconomic tightening, while adapting to the cost structure of the PoS era, as well as overcoming the impact of historical legacy issues on the ecosystem to improve its market performance.
#非农就业数据即将公布

📊｜September 4 ETH short-term analysis
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Pay attention to ⚠️, an important indicator signal of ETH, the quarterly moving average is about to form a death cross with the annual moving average, which is a death cross of a large cycle.

This situation is extremely unfavorable for the recent bulls. Since ETH briefly reached the $4,000 mark on March 13, the overall trend of ETH and L2 has shown a weak decline.

♦️From the perspective of the activity of the on-chain ecology and the price of the currency, it is far behind SOL. This is extremely opposite to the performance before the ETF was passed. In any case, the current situation is extremely unfavorable for ETH and even the BTC market, and the risk of going long at this moment is extremely high.
#加密市场急跌

📊｜BTC can also be used to buy Starbucks
——————————————

📝Since El Salvador designated Bitcoin as legal tender, international companies have begun to accept Bitcoin payments in the country, and now Starbucks, a global coffee chain, has also begun to accept BTC payments in El Salvador.

First, the popularity and frequency of Bitcoin use in El Salvador have increased, supported and promoted by the government. Secondly, Starbucks hopes to adapt to changes in the local market and meet consumer needs through new payment methods.

♦️In summary, this move by Starbucks is of symbolic significance and reflects the global popularity of cryptocurrencies. With the participation of more companies and merchants, future payment methods are expected to be more diversified and digital.
#非农就业数据即将公布

📊｜BTC analysis on the morning of September 2

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🔹After a weekend of long-short balance, the air force was slightly better in the end. BTC had previously encountered strong support at 57,000 when it tested downwards many times. Especially last night, it almost broke through the defense twice in a row. It can be seen that the bulls are facing huge pressure, and the defense line can be said to be precarious.

🔻Once this support cannot be defended, the price of BTC will reach a new low. In addition, September has always been the worst month for BTC. Although there is an interest rate cut, looking back at the huge market fluctuations before and after the interest rate cut, the current strategy is to follow the trend and short.

🔻The time for long positions of personal BTC to enter the market will be at the position of 40,000 US dollars. The cottage is tempting, but BTC will give you a reliable support
#BTC☀

📊｜Why don't you do alt and other copycats on weekends?

Because copycats are unstable, there will be a powerful dealer in the copycat, who doesn't care whether the market is stable or not. This has happened many times on weekends in the past.

The copycat dog dealer will take advantage of you thinking that the weekend is stable and flat, and then come directly in the middle of the night, and blow you up regardless of whether you are long or short.

🔻BTC has a large capacity and cannot tolerate individual dog dealers to act recklessly. So it will be relatively stable. Now it has achieved profitability and set a profit-taking line. This wave of profit and loss ratio will reach 8 to 0
#美联储何时降息？

📊｜On weekends with poor liquidity, it is better to do some small swings

Looking at historical weekends, the ups and downs are very small, there will not be any ups and downs, this position is almost the top of the weekends in the past two days.

At this moment, open a short position near 58400 to stop profit and make a small profit of 1,000 points
Stop loss 59600, the profit and loss ratio is about 6 to 1. You can do it, now you have realized profits, set a profit-taking line to protect your capital.
#美联储何时降息？

📊｜The trend has not changed, continue📉

The top and bottom have not changed, the decline continues $ALT
🔻Continue to short. I just reached 0.084 before and took my profit, but after observing for a whole day, I found that the trend has not changed.

🔻It still continues to fall, so I continue to short again. The target profit for this wave is 0.05
#美联储何时降息？

📊｜A trap before the rate cut? Professional analysis of the BTC plunge on the 28th

📝Bitcoin experienced a sharp price drop after five o'clock yesterday morning, hitting a low of $58,000, marking the lowest price in nearly ten days. Ethereum was not spared and temporarily fell below the price of $2,400. This drastic price fluctuation caused more than 80,000 investors to suffer heavy losses and serious liquidation.

🔻In 24 hours, the total liquidation of the entire network exceeded $319 million, of which the long liquidation amount reached $280 million. This sharp price drop reflects the lack of market liquidity and the drastic changes in investor sentiment.

Prior to this, the price of Bitcoin was still fluctuating around $62,000, but then due to increased selling pressure, the price quickly fell below the key support level. This market volatility has not only affected Bitcoin holders, but also other major cryptocurrencies, such as Ethereum, which fell 9.09% in the past 24 hours.

♦️8.28BTC Dive Analysis:

1️⃣This plunge was caused by experts: macroeconomic factors, changes in technical analysis indicators, or large-scale liquidity shortages. But I think it is the dealer who seized the opportunity that everyone thought that interest rates would be cut in September and rushed to cut back.

2️⃣A large number of liquidations are usually related to leveraged trading, which shows that a large number of speculators in the market bet that interest rates will definitely be cut in September, so they opened high leverage, which made the market more fragile and more sensitive to price fluctuations.

3️⃣The sharp change in investor sentiment may be due to pessimistic expectations for the market's short-term trend, or a panic reaction to some unknown event.

4️⃣The sharp drop in the prices of major cryptocurrencies such as BTC and Ethereum may trigger a chain reaction, affecting the stability of the entire crypto market.

5️⃣For long-term investors, this volatility may provide a buying opportunity, but at the same time, it is also necessary to realize that there may be more uncertainty and volatility in the short term.

🔻In general, due to the dominance of BTC and Ethereum in the cryptocurrency market, their price dynamics will continue to have a significant impact on the entire market. Refer to the risks you need to pay attention to before and after the interest rate cut that I posted earlier. The interest rate cut does not mean an immediate surge, but more ups and downs
#美联储何时降息？

📊｜Don't hesitate, just make a move when you see the opportunity

🗒️Don't argue, is it hindsight? Just look at my historical posts and you will know. Before the decline, I saw that the big moving average turned down and was about to form a dead cross, plus the previous $ALT formed a double top, so I went short.

🔻Now it is a continuation of the trend. This wave will hit a new bottom if nothing unexpected happens. The first position is 0.099, and the position is increased at 0.081. The cost position is 0.085 on average. The target stop profit is around 0.05. The break-even stop profit line is temporarily set at 0.08 to protect profits. Don't move your stop loss and stop profit lines before the market reaches the line

Go with the trend, make a move when you see the opportunity, no one can make money forever with contracts, there are only P-picture masters. If you are wrong, admit it and pay attention to adjustment next time. Don't let the emotion of the last transaction affect your next operation
#加密市场急跌