The Ethereum Foundation finally couldn't stand the market's discussion. After Ethereum fell below 2400, it issued a notice briefly describing what the money from selling coins was used for. The Foundation's annual expenditure is about 100 million US dollars, and Vitalik Buterin revealed that his salary is 182,000 Singapore dollars. If Vitalik Buterin didn't pick up girls every day, and if the Ethereum Foundation didn't happen to fall after selling out, it is estimated that there would be fewer problems in the short term.
In the final analysis, Ethereum is too bad! Since the ETF was approved, most of the time has been in a state of net outflow. Even if the trend is getting milder, as long as there is outflow, the impact on the market is negative. Finally, I still have to tell you that the Ethereum Foundation's sale of coins has nothing to do with the Ethereum price itself. The reason why the price falls every time it sells is because it sells enough times, and it happens that every time it can be hyped up. The fundamental reason is that the market does not buy and there is a lack of liquidity.
Bitcoin fell directly from the support range in the morning, which was too smooth. The short-lived effect yesterday had no effect today. The market has begun to speculate that the bull market is over. It is estimated that there will be more such voices if it falls again, and the market will end.
We have no way to debate whether it is related to the external war, but from the perspective of the cyclical market trend, the current wave of correction is abnormal. In the case of a drop, continue to pay attention to the small cyclical market low of 58,000 points in the evening. If it can't hold, the 54,000 point wave will definitely be a shot.
TON suddenly surged at night due to fake news. In fact, Pavel's bodyguard had left the police station, and he himself was transferred from the police station to the court. At present, the UAE has directly cut off France's 80 fighter jet business because of this person. It is rare for a person to have such influence. From the known information, it is likely that he will be fined in the future. If the pie does not continue to collapse, TON may not go down this time.
Nvidia has not yet released its second quarter financial report, but the US stock market has already fallen four points since its opening. The market's expectations are indeed very poor. Judging from the attitude of old American stockholders towards the US stock market in the past two days, the number of initial jobless claims tomorrow night is likely to be positive, and the expectation of a 50 basis point interest rate cut in September will continue to increase. If this is true, the market will probably have to ease the current decline.
Many friends are asking today why Bitcoin can still fall by 5 percentage points a day even though the interest rate has been cut. First of all, we need to understand why the market cuts interest rates? Simply put, the market is not doing well, the economy is going to have problems or has already had problems, and the essence of cutting interest rates is to save the market. Whether it is a defensive interest rate cut or a recessionary interest rate cut, it is just a matter of strength.
Therefore, the declines before and after the interest rate cut are normal. At this time, the market will not increase liquidity because of the news that has not yet been implemented. Instead, it is between the gradual arrival of traditional capital risks and the market's upcoming injection of liquidity. This causes the market's uncertainty to increase at this point in time, and then the market panic will be eased as liquidity increases, and finally a V-shaped rebound will occur.
In the previous bull market cycle, each time before the general rise, the market would go sideways at a high level for about three months, and this time it went sideways for nearly six months. Sanshu believes that the long period of high-level adjustment is not because the market is not doing well, but because the consensus in this circle has become stronger, and the influence of the crypto market has also become greater. Therefore, in order to achieve the effect of the previous wash, the wash cycle must be infinitely extended, so that the early firm holders will choose to exit.
BTC: Bitcoin support has been broken. Falling below 61,300 points means the end of the rebound that started at 48,800 points. Next, Bitcoin needs to seek a new round of market breakthrough points below the previous bottom support of 61,300 points and the market reversal point of the previous bottom of 58,000 points. If it cannot turn above 61,300 points in the short term and chooses to fall below 58,000 points on the daily line, the further bottom will be around 54,000 points. At present, the low support of 58,000 points has a little effect. The data surface fluctuates greatly in the short term. I personally think that the main control factor of such a trend is too large. If you want to seek a long-term and stable bullish rally, it is better to go to 54,000 points and then reverse after it has fallen.
ETH: The Ethereum exchange rate is close to a new low, and the wait-and-see sentiment of funds in the market has intensified. In the short term, we will wait for the big cake to come out.
SOL: Solana is about to return to the starting point below 140 points in this round. You can take it at 130 points, and you can take it at any time if it reaches 120.
TON: The bottom stop loss is lowered to five US dollars. Don’t be too optimistic. Today’s fake news is just an example.
DOGS: The Ton network was down for 12 hours due to overheating of dogs. The biggest market controversy about this coin is that 70% of it was directly airdropped. Under such circumstances, after two days of washing, and influenced by the news of the arrest of the founder of TG, DAO rose against the trend under the concept of freedom. Whether this position should be pursued is still to be determined, but it would be conservative if it can be adjusted back by more than ten points. From the community consensus, Uncle San carefully included it in the annual doubling sequence.
The Fear and Greed Index is 30 during the day, indicating a state of fear.
Finally, stay away from leverage and stock up on spot goods! #加密市场急跌 #Telegram创始人被捕 #以太坊基金会 #新币挖矿DOGS $BTC
