I declare that the bottom of the bear market meteor has already left—it's gone, $ETH 1505, $BTC 57800; this is the lowest point of this bear cycle, and it won’t go below this price. The lowest price is often reached almost unnoticed. The logic is simple: why would the price, which was lifted by American capital spending money, be smashed back down? Let me explain specifically: in the 2021 bull market, Chinese people—including me—sold pancakes around 15,000. Then by the end of 2022, when we entered the bear-market bottom, pancakes were still 15,000+. This level is exactly where it denies those who missed the previous round of gains the chance to buy back. Similarly, today’s 60,000 has the same logic as the 15,000+ around Christmas 2022—it won’t go lower. Don’t believe it? Let’s wait and see. Why would you give Chinese retail investors a low-price “reverse pickup” to take it back? No way. At/above 60,000, slowly shake out positions and slowly pull it up—this is reasonable. Tell me: don’t you guys lack spot pancake holdings? And aren’t you holding things like USDT and waiting, or holding Ethereum below 1,000? That would be exactly it—you don’t have the spot. Slowly collect more positions, slowly pull it up—that isn’t that the best arrangement? From my personal standpoint, this is just a fantasy about how US dog-traders would manage the market. Feel free to comment and discuss~…
Nansen Founder Believes Bitcoin Will Not Fall Below $60,000
PANews August 8日消息, Cointelegraph reports that Alex Svanevik, founder and CEO of Nansen, said that Bitcoin will not fall below $60,000 again, and he believes $60,000 could be the bottom of this market cycle. Svanevik believes the crypto industry is moving from the “toy world” into the “real world” era—on-chain activity is no longer limited to crypto assets, and tokenized stocks and index trading such as the S&P 500 are becoming mainstream.
Svanevik is optimistic about the Solana ecosystem. He believes it is a ridiculous misunderstanding that people refer to Solana as a “meme coin chain.” Behind Solana is a strong team, making it one of the ecosystems with the strongest long-term competitiveness. He is also bullish on the Robinhood Chain, saying Robinhood is becoming a strong competitor to Base thanks to its powerful user distribution capabilities. However, he believes Robinhood does not need to issue a token, because all value should flow into its publicly listed company HOOD stock. Regarding Bitcoin, Svanevik said Bitcoin is a hedge against the expansion of fiat currency issuance by central banks. He does not think the global money expansion cycle will end anytime soon, so Bitcoin will not fall back below $60,000.
Tell a funny story about $CAKE . Yesterday, after the dual-currency unfreezing, $ETH didn’t have anywhere to go, so it borrowed some cake and paired it with ETH to form LP. Damn, when it entered, it showed 13%! Then I checked and there was no yield and no trading volume. After refreshing, it showed 4% APR. Couldn’t play it. Later, after removing it, it put the funds into $BTC -ETH again, but the APR was still under 4%. I won’t get into the specific ranges. In short, it was miserable beyond words. The summary: on-chain trading is barren and bleak.
Where can you find such an affordable obedient wife, everyone? What do you think? In the future, I’ll sell pancakes $BTC to make money and take good care of her 😂
Got up early, ran a round, lost some weight, hit today’s KPI. Give my cat a proper name: Chen Xiaomi 😂. What does this average cost mean—does it accumulate over all these years? But I don’t think I’ve actually made any money. The cost of that big thing for the past year is about 100,000. Hehehe 🤣😂
Without realizing it, the uptrend of the “big pancake” Ether market has risen from the lows. In our people’s plaza, a bunch of folks who want to see 50,000/40,000 are about to miss it again. Then, they fomo into 100,000 and can’t take it anymore—they rush in headfirst. Then they say, “No, it’s not over—the bull market is irreversible. We have to go in.” So, everyone is just a bunch of funny characters, swayed by emotions, the market, the order book, and all kinds of information. The spot has already been bottom-picked to the full, and now they’re just waiting for the dog market makers to pump it up.
Tonight I took out the trash and ended up bringing a cat home with me. It’s well-behaved, very clingy, and mainly because it was really hungry. I fed it a chicken sausage, then two shrimp sticks. But it still wasn’t full—it kept chasing after me, calling for food—so I gave it three more shrimp pieces. Only then did it finally settle down and sleep. Besides playing on crypto, we also need to live. Wishing everyone a good night—keep stocking up on bread!
Not sure what’s in store, but I’m really bullish on it!
K线教主宝宝
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The local crew is super pumped! Previously, I couldn't DM you all, so it was tough to do giveaways, but now I can finally show you some love! I'll be giving away four more surprise blind boxes for Children’s Day—just open them randomly; I don’t even know what's inside! Just make sure to like, retweet, and comment, alright? Winners will be announced this week!
I'm a 150+ lbs heavyweight, looking like a total ball in this gear.
K线教主宝宝
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Win a limited edition Binance jersey! Requirements: Follow + Like, Comment, and Share X is giving away 2 jerseys simultaneously. Small bets are fun, but big bets can hurt!~ #世界杯
Anyone get this cocktail kit? These three pieces look like bottle cap straws, but the plastic taste is really strong and they're not food grade. It's kinda awkward to ask the account manager about it, 😅 super cringy. Gonna keep HODLing on Bitcoin. Gotta make some cash for drinks.
Bitcoin's about to moon, 64000 is just the beginning, let's go! The bears are starting to panic big time. Don't get swayed by those wild ideas of a dip into the 5k or 4k range. Once Wall Street gets in, how could we possibly drop from 126000 to below 40000? We can’t just rely on the previous dip from 69000 to 15000. If everything followed the candlestick patterns or trends, what would be the point of having market makers? It’s not the market makers drawing the charts based on past patterns; they manipulate the market with their capital however they want. One thing's for sure, it won't go the way we retail traders hope.
If I go for all 4, is it still possible to net over 200? Brothers, does that sound off? 😂
币圈农村人
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If you can't even finish this analysis, then trading isn't for you.
$BTC halving countdown, 74k is the last accumulation point.
73455 is hovering before the halving, with institutional buy support at 21 million iron ceiling. The script for this digital gold's contraction is set, each candlestick is replaying the halving cycle law. Big players are only entering positions, with this slight dip serving as a farewell discount for spot traders. 74k won't stop 0.5% volatility, but in five years, it’s all going to look like a bargain.