At 3:30 a.m. on Saturday, the fourth Bitcoin halving was officially completed. After the halving, the price of the S19 mining machine of American miners was about 56,000-59,000 US dollars. As of now, the average holding cost of US ETF institutions is 56,000 US dollars. In the short term, Bitcoin has periodically bottomed out at 60,000 points, and the market has entered a technical recovery period.

I didn’t update the content yesterday because I had a break. Many friends asked me what I was doing during the recent bottom adjustment of the market. I said I was reading a book. If I had to say something concrete, it was that I started to participate in the casting of the first batch of head runes at 8 am on Saturday after the halving. I worked hard all day but didn’t get anything of great value. Then I slept for more than ten hours.

I remember that I learned about the concept of runes in less than a week. I went to mint because I missed the initial development stage of runes, which made me feel a little regretful. On the other hand, it was because of my exploration of the Bitcoin ecosystem. The Bitcoin halving and the approval and development of the Bitcoin spot ETF are all about the capital and ecological strengthening of the Bitcoin ecosystem. As an insider, it is necessary to fully understand and summarize the possible opportunities around the Bitcoin ecosystem.

My overall feeling after playing runes for a day is that the market participants are exhausted and Bitcoin miners are getting rich. Yesterday alone, the miners' income reached 106.7 million US dollars, a record high. I have reason to believe that under the current halving logic, the existing miners' income has dropped sharply. The ecological expansion of Bitcoin structures such as inscriptions or runes is inseparable from the miners themselves.

On Saturday night, I briefly talked about the Satoshi Rune that you can participate in. If you buy it, it basically doubles on the same day. As for whether this rune will have greater development in the future, the market is not clear at present. My uncle believes that before there are head tokens like ordi in the past inscription market, the application and value of the rune ecosystem still need to be questioned. Just participate appropriately and don't follow blindly.

In terms of macroeconomics, there is not much data in the market this week. The overall market trend is still mainly based on technical repair. The current small rebound process has no big negative environment, and the bottom-fishing of copycats can still proceed as planned. At the end of the month, pay attention to the time around the 25th. It is expected that the rebound correction will appear around this time, and the depth will not be large, and a new round of new highs will begin afterwards.

On the chain, it has been noticed that the address suspected to be Sun Ge has recently bought a total of 296,000 Ethereum from DEX and CEX. According to past experience, Sun Ge’s moves are generally forward-looking. From the perspective of the market cycle node, the current Ethereum does have a considerable cost-effectiveness. On the surface, Sun Ge’s operation is to gamble on the HK Ethereum spot ETF product that will be launched this week. In fact, it is because HK’s first move directly led to the SEC increasing the possibility of the US passing the Ethereum spot ETF at the end of May, which brought about the Ethereum market surge. This view coincides with that of Uncle San, and this is also the reason why Uncle San took the lead in covering his ETH position last week.

This month's rebound high, callback node and possible depth are basically within expectations, except for the unexpected decline of the copycat caused by the war between Israel and Iran. The biggest role of Uncle San is to tell everyone that the rebound is limited and there is danger ahead when the market is tempting to buy more, and to tell everyone that it will not reach a new low when the market is falling, and it is the last drop before the new high. We survived the hardship last year, so why should we be afraid of this year?

After so many years on Wall Street, after making and losing millions of dollars, I want to tell you this: My ideas never made me a lot of money, it was always my persistence that made me a lot of money.

Indeed, at a time when the macro trend is still a bull market, the only effect of the market crash is to clear leverage and reduce the burden, and then pull the market up more quickly. If we can control our desires and not add leverage, and if we can withstand the fear and not get off the train when the direction suddenly goes down, we are already ahead of many people.

BTC: The overall market of Bitcoin is still moving in the previous timeline. There is no new low around the 20th. It has rebounded briefly to around Thursday. It is expected that the last bottom test will be carried out from Friday to the weekend. The amplitude of spot can be ignored. It will be a technical support test before the last profit. The current market has strong support around 64,000 points and pressure level 68,000 points.

ETH: Ether was added at 3200 points, and those who saw it later entered the market at a lower level. The current exchange rate has rebounded rapidly after bottoming out. If the Federal Reserve shows a more favorable tendency for Ethereum spot ETF, it will become very likely to remain strong in the medium and long term. The short-term position is almost complete, and more conservative partners can continue to add below my price.

In terms of covering positions, the BCH, ORDI, SOL, ONDO, DOGE, etc. mentioned a few days ago have all rebounded by nearly 30%. In the next two days, you can sell the bottom-fishing stocks in stages and buy them again when they fall back. There is no big market in the short term, so take a break first.

Finally, stay away from leverage and stock up on spot goods! ​​​#比特币减半 #Megadrop #token2049 #Meme $BTC