Will there be another big drop this year? Can FTT still be held?

小马pro · 2023-06-29T02:23:44.000Z

The copycats have fallen back, and the big pie continues to be strong. The fall of 31400 is temporarily in the box. It remains to be seen. It is difficult to say that the decline cycle has ended. Even if it is in the box, it will not end in 1 or 2 days. The counterfeit oversold rebound has ended and entered the consolidation stage. The old coins are showing their power on the market. Taking advantage of the POW on the exchange to continue to speculate, the BCH large level is still fine, and we can look forward to it in the mid-term. Most of them are just bullish concepts at present. After all, they are not directly beneficial to BCH. The rise of old coins is not a bad thing and will further stimulate market sentiment. For the time being, it remains to be seen whether the market will continue to fall back a bit, but it will not fall too much. It is currently a correction, and there will be a new shock cycle after the correction. Because the market has continued to reach new highs, it is likely to follow the v-reverse structure after 15476. It is estimated that it will take several months for the market to enter the second stage of the shock cycle.

The copycat market has fallen back, but Bitcoin continues to be strong. The decline from 31,400 is temporarily forming a box. It remains to be seen. It is hard to say that the decline cycle has ended. Even if it is forming a box, it will not end in 1 or 2 days.
The oversold rebound of the copycat has ended and entered the consolidation stage. The old coins are showing their strength on the market. Taking advantage of the POW on the exchange to continue to hype, BCH is still fine at the large level, and there is a medium-term outlook. Most of them are currently just rubbing the concept. After all, they are not directly beneficial like BCH. The strength of the old coins is not a bad thing, which will further stimulate the market sentiment.
For the time being, it depends on whether Bitcoin will continue to fall back, but it will not fall too much. It is currently a correction, and there will be a new shock cycle after the correction. Because Bitcoin has continued to reach new highs, it is very likely to follow the V-shaped reverse structure after 15476, and the large-scale shock cycle will enter the second stage, which is estimated to take several months.
The basis of this assumption is that 2.48w is the lowest point in the medium term. As long as Bitcoin can stay above 2.48w for a few months, there is hope for the medium and long term. So technically speaking, we should cherish the opportunity of Bitcoin's retracement. For the time being, I think Bitcoin's retracement has not ended, so we should increase our position if there is a chance.
Will there be another big drop this year?
How else can it fall? Interest rate hikes? Financial crashes? Regulation? Earlier this year, I said something that was quite good:
This year is the year for the cryptocurrency circle to digest negative news.
When there is nothing new in the bad news, how can the market fall sharply?
There will be one more drop at most. Even if there is a super-large black swan that we are unexpected, it is almost impossible to return to 15,000. Assuming its probability is 15%, the probability of a black swan appearing is 20%, and there is a 50% drop to 15,000, what is the appropriate price for bottom fishing?
Expected Price
= (Probability of a black swan event × Price after a black swan event) + (Probability of no black swan event × Current price)
= (20% × 15000) + (80% × 31000)
= 3000 + 24800 
= 27800
Ok, even if you fall out, you will get on the car?
You can't catch up when the price goes up, and you dare not copy when the price goes down. All your funds are squandered, and you have no chips or bullets, so you can only stare blankly.
This is the norm for most people.
FTT launches FTX2.0 plan; is FTT worth continuing to buy and hold?
The restart of FTX exchange on July 3 is completely positive. The benefits of FTT tokens have increased a lot recently. Excluding whether the SEC is supporting FTX exchange or SBF, from the perspective of institutions and traders, the FTT ecosystem is once the hottest chain among several mainstream ecological chains, and it is no less than BSC, FTM and AVAX.
Even now, Solana is already in the top 10 (9th) with a market cap of $6.8 billion.
Meanwhile, in an official announcement from FTX, the FTX debtor shared earlier plans to relaunch the crypto exchange FTX. FTX named the parties that are allowed to sell the company’s assets under Chapter 363 of the U.S. Bankruptcy Code.
 
This time, some of the 363 sales parties announced are well-known companies interested in crypto exchanges, including Nasdaq, Ripple Labs, Galaxy Digital, Tribe Capital, Robinhood, NYDIG and OKCoin.
This means that investments will be planned for FTX 2.0 content, while the team led by CEO John Ray III is working on the bid process letters, interested parties, market maker onboarding, and the relaunch of FTX Japan.
 
This is also one of the reasons why people choose to hold FTT tokens. Although FTX bankruptcy is not a good thing, it did not slack off after declaring bankruptcy. This is good news for users who hold FTT. Of course, it is still unknown whether FTT2.0 will continue to use FTT as the main circulating token in the future. However, the only one who benefits from the news is FTT, which can be the carrier of interests.