6/30 market analysis: FOMO sentiment is ignited, will the bull market begin?

仙哥说币 · 2023-06-30T03:47:10.000Z

Fidelity enters ETF, Victoria Strategy Company once again stockpiles BTC, Asian trading enthusiasm is ignited! The BTC quote in the morning is around 30720. At 10 a.m., BTC suddenly rose along with BCH and other tokens, igniting the market's FOMO enthusiasm. For BCH, on the one hand it is one of the tokens supported by new exchanges in the United States, and on the other hand, FOMO sentiment in South Korea is also aroused. BCH quickly rose by 10% in the morning and then fell back. This series of operations basically caused many contracts to liquidate. Therefore, I advise everyone to be cautious. Returning to BTC, it did not fluctuate much during the overnight fluctuations last night. On the contrary, it started to rise at more than 10 o'clock. Looking back over past history from the current time period, enthusiasm for the Asian trading session has really been ignited. With most of the trading hours and big moves throughout June taking place in the early morning hours, the world is anticipating action from Asian traders and now it’s here!

Fidelity enters ETF, Vision Fund once again hoards BTC, and Asian trading enthusiasm is ignited!
In the morning, BTC was quoted at about 30720. At 10 am, BTC and other tokens suddenly rose, igniting the FOMO enthusiasm of the market. For BCH, on the one hand, it is one of the tokens supported by the new US exchange, and on the other hand, the FOMO sentiment in South Korea was also aroused. BCH quickly rose by 10% in the morning and then fell back. This series of operations basically caused many contracts to explode. Therefore, I suggest everyone to be cautious.
Back to BTC, it did not fluctuate much during the overnight shock last night. On the contrary, it started to rise at around 10 o'clock. Looking back at the past history from the current time period, the enthusiasm of the Asian trading session was really ignited. Most of the trading time and large fluctuations throughout June occurred in the early morning. The world is looking forward to the actions of Asian traders, and now it has come!
In the early hours of last night, it was confirmed that the international strategy company MicroStrategy continued to hoard BTC, with the amount reaching 150,000, and the cost price was about 29,600. From the cost price, it can be seen that they have been hoarding recently. This behavior indicates that the era of everyone hoarding BTC has arrived.
Another confirmed news last night is that after BlackRock, another international asset giant Fidelity applied again after its ETF application was rejected last year, and the application date is set for next Tuesday. The ETF jointly applied by Wood Ark and 21 Shares has submitted all application materials and is on par with BlackRock in terms of materials. The application date for their BTC spot ETF is April 15, earlier than BlackRock's application date. If BlackRock is confident enough to be approved, then Wood Ark and 21 Shares will be the first batch of approved applicants.
Signs of global consultations indicate the enthusiasm of institutions and retail investors for the crypto market, indicating that if institutions participate, the market will be massively expanded. This bull market may be the most glorious one in history. However, today is the month-end option delivery date, and it is also Friday. The market is volatile, and retail investors still need to be cautious.
Trend direction: Due to the particularity of today, the market fluctuates greatly and needs to be maintained with caution. The overall trend is bullish, but don't blindly chase more, stay calm and respond flexibly!
Trading strategy: The general trend remains unchanged. Taking into account the large fluctuations, magnify expectations, buy on dips, and magnify expectations between the preset space and the current price to prevent losses caused by large fluctuations.
Spot: Affected by the fluctuations of BCH, BTC and other tokens, the altcoin market will become active. It is okay to build a position appropriately, but it is also necessary to focus on closing positions during a pullback. Be cautious when opening positions and be prepared to cover positions during a pullback. The target can be locked on L2's new projects this year, and the Hong Kong sector is also worthy of special attention. In addition, the old chain project MATIC is also a focus.