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Last night, Bitcoin was boosted by the increase in spot ETF holdings, especially Grayscale's, and briefly broke through the key price of $70,000, reaching a high of $70,688.
However, due to the lack of sufficient volume, Bitcoin's rebound failed to continue and soon fell back to $68,256.3, with the maximum drop of 3.3%.
According to on-chain data monitoring, there were multiple transfers from the Mt.Gox wallet in Mentougou, Bitcoin today, including the transfer of 30,590 BTC (about $2.1 billion) to the address 1JbezDV.
So far, Mt.Gox has transferred a total of 42,830 BTC (about $2.94 billion), but still holds 95,061 BTC (about $6.53 billion). #PEPE创历史新高 #BTC走势分析 #ETH
1. Speculating on cryptocurrencies based on gossip
The basis for buying and selling cryptocurrencies is basically the advice of a great god, the disclosure of friends in the circle, or the news in a group. Learning technical analysis is too difficult and may backfire. It is so easy to speculate on cryptocurrencies based on news. You only need a letter of a token and go all in immediately without having to think.
2. Frequent trading, chasing ups and downs
Value investment is just empty talk for most people. When I first entered the cryptocurrency circle, I naively thought that there were so many coins that soared and plummeted every day. As long as I made 5 points every day, I would be financially free in a year. I really did this, trading 50 times a day, and I could only eat instant noodles that month.
3. Resistance to falling
The necessary quality of all leeks. The psychological quality of leeks in the cryptocurrency circle is particularly good. After the price of the currency fell by 90%, they could still calmly say "leave it to my son". If you resist the plunge and keep holding on to the bull market, you can make a lot of money? No. Everyone can bear the bear market, but the volatile market is hell. If you can bear the bear market, you will die halfway in the volatile market.
4. Always full position Deeply influenced by the big guys, all in on the blockchain. The big guys may be pretending to be full, but we are really full. Full position is like passively accepting fate. When you are powerless to resist, you can only close your eyes and enjoy it.
5. Fear of heights I get nervous when the price rises, especially when there have been several small rebounds recently. I am afraid of profit withdrawal and rush to sell. As a result, I missed the ten-fold and hundred-fold coins again and again, and I am very upset.
6. Take luck as strength I was lucky enough to buy the bottom of Bitcoin near 3100, and I made 3-4 times the profit on many coins. I thought I was a master of currency speculation. In the warming and rising market environment, the price will rise as soon as I buy it, and I rarely miss it. I think I am invincible.
7. People are stupid and courageous Blockchain? What is a smart contract? I don’t care about these, I go all in without hesitation, and then dream of counting money. Although it sounds bad, it is true. I entered the market because of the wealth-making effect of the currency circle.
8. Only know the letters of the tokens
I know the letters of BTC, ETH, BCH, but what is the Lightning Network? What is POS? What is a big block? I don’t know anything.
9. Selective belief I have a large position in a certain coin, why do you always say it’s bad? You know shit, you haven’t seen so many successful examples... The position determines the brain, you have been brainwashed.
10. Enter the market at the peak or end of the bull market Entering the market at the peak or end of the bull market always lags behind others.
If you don't know how to screen strong coins, I suggest you follow me. Whether it is spot or contract, a little shot may be your limit. The opportunity is short, so you must seize it! Success is not based on luck, choice is greater than effort, and the circle determines destiny. In the currency circle, in addition to having a keen eye for judging the situation, you must also keep up with a good team and a good leader. Follow me and you will be halfway to success in the currency circle! Near q1un + Wei: BYLK688 You can receive the latest free articles in the currency circle every day. The articles are good and can be shared with everyone!
Last week, the approval of the Ethereum ETF caused the price of ETH to soar.
So, what are the important events worth paying attention to this week?
1. The conflict between Israel and Hamas: We need to pay close attention to Israel's offensive against Hamas. After the breakdown of negotiations, public opinion in Israel supports continuing the war. If Egypt and Iran are involved in the conflict, it may cause BTC to fall sharply.
2. US PCE data for April: The US personal consumption expenditure (PCE) data for April will be released on Friday night, which will have an impact on the trend of BTC. If the data is lower than expected, BTC is expected to challenge the previous high.
3. Treasury bond repurchase by the US Treasury: The US Treasury will launch a series of Treasury bond repurchases. This will indirectly benefit the cryptocurrency market, because reducing the supply of Treasury bonds in the market will push up Treasury bond prices and lower yields, which will benefit risky assets.
4. Ethereum holdings: ETH positions need to be held patiently. In the absence of black swan events, it is relatively easy for ETH to break through 4,000.
If you don't know how to screen strong coins, then I suggest you follow me. Whether it is spot or contract, a little bit of action may be your limit. The opportunity is short, so you must seize it! Success is not based on luck, choice is greater than effort, and the circle determines destiny. In the currency circle, in addition to having a keen eye for judging the situation, you must also keep up with a good team and a good leader. Follow me and you will be halfway to success in the currency circle! Near q1un + Wei: BYLK688 You can receive the latest free articles in the currency circle every day. The articles are good and can be shared with everyone!
Because of the daily level adjustment of Bitcoin some time ago, I spent a lot of time analyzing the market, and also made an analysis report for everyone in time. Basically, there is no mistake, and the current market is in line with expectations.
I don’t like to brag randomly. Everyone can see that the previous articles have basically come true one by one, suggesting the dynamics of the sectors, and the increase is OK. Among them, the MEME sector performed very well, the DEFI sector was also very good, and the public chain was slightly inferior, but it’s not a problem. Fast is slow, slow is fast, as long as the mentality is stable.
There is nothing special about the Bitcoin market today. It is in line with previous expectations. Everyone can continue to hold the relevant currencies. It is expected that Bitcoin will continue to rise in the future. Ethereum may come out of an independent market and drive the public chain part. In short, continue to hold.
If you don’t know how to screen strong coins, then I suggest you follow me. Whether it is spot or contract, a slight move may be your limit. The opportunity is very short, so you must seize it! Success is not based on luck, choice is greater than effort, and the circle determines destiny. In the cryptocurrency circle, in addition to having a keen eye for judging the situation, you must also keep up with a good team and a good leader. If you follow me, you are already halfway to success in the cryptocurrency circle! Near q1un + Wei: BYLK688 You can receive the latest free articles in the cryptocurrency circle every day. The articles are good and can be shared with everyone!
1. Trend analysis: • The chart shows that the price of BB/USDT has a significant upward trend recently. • Looking at the performance of the last few days, the price has broken several resistance levels. 2. Support and resistance levels: • Current support is at 0.4177 USDT. • Current resistance is at 0.4982 USDT. 3. Moving average analysis: • EMA(7) and EMA(25) are trending upward, showing strong buy signals. 4. Trading volume and MACD: • Trading volume increased significantly and MACD also showed a clear upward trend.
Forecast of future trends
1. Continue to rise: • If the price can stabilize above 0.4714 USDT, it may test the resistance level of 0.4982 USDT in the future. 2. Adjust callback: • If it fails to break the current resistance level, the price may retrace to around 0.4177 USDT.
Summarize
BB/USDT has been performing strongly recently, and as trading volume increases and the moving average rises, the price is expected to continue rising. Investors should pay attention to key support and resistance levels and operate with caution. #BB #内容挖矿
Dear friends, today is Monday, let's take a look at the daily trend of Bitcoin (BTC).
Last week, I mentioned that if the closing price of BTC does not fall below the support range of $65,000-67,000, then I will be bullish on the next trend.
Therefore, this week, BTC's trend is very ideal both on the daily and weekly charts.
We expect BTC to stay near the EMA20 daily line of $67,000 this week, and then challenge the pressure range of $70,000-72,000, and finally try to break through the new high of $76,000.
"The core problem of Chinese projects: financing fraud"
1. The financing of Chinese projects is widely fraudulent. First, the scale of Chinese fund management is seriously fraudulent. Many funds actually have limited funds on hand, only hundreds of thousands to millions of dollars, but they claim that the fund size has reached 100 million or even 1 billion US dollars. This fraud behavior lacks effective constraints and costs, leading to chaos in the industry.
2. Secondly, the investment amount is jointly fraudulent. Many projects advertise that the investment amount is as high as 20 million when the actual investment amount is only 200,000. This fraud behavior is a joint behavior of the project party and the fund party. Some projects are even teams that are put together temporarily. The fund party pays the team tens of thousands of U wages every month, but claims to raise 20 million.
3. Finally, smart you Do you understand why the team that raised tens of millions of U can produce products that are not as good as the outsourcing team of hundreds of thousands of RMB?
Do you understand why the fully diluted valuation (FDV) of some Chinese projects is lower than the financing amount? Because the community generally believes that these projects have fraudulent behavior.
4. It is recommended that Chinese projects and funds should establish a Merkle tree fund disclosure system to regain the trust of the community. If the trend of fraud is not curbed, I am afraid that not only the overseas community will gradually alienate, but even the Chinese community will gradually lose interest in such projects.
If you don't know how to screen strong coins, then I suggest you follow me. Whether it is spot or contract, a little shot may be your limit. The opportunity is short, so you must seize it! Success is not based on luck, choice is greater than effort, and the circle determines destiny. In the currency circle, in addition to having a sharp eye for judging the situation, you must also keep up with a good team and a good leader. Follow me and you will be halfway to success in the currency circle! Near q1un + Wei: BYLK688 You can receive the latest free articles in the currency circle every day. The articles are good and can be shared with everyone!