Market Analysis 7.14
Good morning, brothers, Bitcoin looks like it will break $59,000.
There are three core elements:
1. All the German government's coins have been sold out, which is good news. A total of 50,000 BTC were sold, worth 3.3 billion.
2. Only a few thousand coins of Mentougou have been compensated, and the majority has not been compensated yet, which is bad news.
3. The expectation of interest rate cuts has increased, and there is a certain probability of interest rate cuts in September, which is good news.
This time, BTC and ETH have achieved full turnover.
BTC's high point generally appears in the next year after the halving.
Trump was shot last night, which raised his reputation to the highest level.
If he attends the Trump Bitcoin Conference as scheduled on July 22, it will be a big positive for the currency circle.
In addition, it is reported that Russia will embrace cryptocurrency.
When most people do not believe it is a bull market, the bull market will not disappear.
During this period, I have been reminding everyone to hold coins and be patient, because we don't know whether it will rise or fall tomorrow, but the point is that the long-term is definitely bullish.
If Mentougou falls sharply next time, don't panic and don't sell.
Hold the spot and continue to buy the bottom when it falls sharply, just do it.
Yesterday, I said that ETH's ETF will be launched, as early as next week. It may lead to a surge in the altcoin market.
Tokens recommended for holding:
Chr, Stx, FTM, Zk
ETH and its three sectors Uni, Ens, Ssv
Japanese Ethereum Astr, Korean Ethereum Klay