News
On the news front, after the release of the non-farm payrolls and unemployment rate last week, the CPI data will be released this Wednesday (July 12, 20:30), with a previous value of 4% and a forecast value of 3.1%. The probability of a 25% rate hike in July is as high as 92.4%, which generally means that regardless of whether the CPI situation meets expectations or not, the Fed is ready to raise interest rates. The Fed will use actions to prove that it is not just talking nonsense. The Fed's rate hike in July is a foregone conclusion.
There is no choice for now, and I will see how the trend will go this week. At present, the probability is relatively high that it will consolidate around 30,000 yuan in the near future. There is no other change. The cottage industry is waiting to see how Bitcoin will go. It depends on how Bitcoin will deal with the short-term decline this week.
Disk
Bitcoin is trading sideways at the 30,000 mark. It can go up and down. Whether you are long or short, the risk is very high. I don’t know how many people entered the position above 31,000 last week! No operation is recommended at the current price. The risk is huge. There will be big news this week that will affect the market. It is better to keep your bullets and pay attention to the altcoins with good news!
The recent market situation is indeed relatively weak, and you can pay attention to some local opportunities
The recent market is indeed a bit shaky.
There is no capital coming in from the off-market, and there is still a probability that it will fall to 25,000 in the second half of the year, but 20,000 is a bit difficult.
The market is slow and there is nothing to get excited about, so hoarding coins is the best choice.
1. Cancun Upgrade: Cancun Upgrade refers to an important upgrade of the Ethereum network, which is expected to be carried out in August-September. Related products include various new public chains and ecological platforms, such as dydx, gmx, inj, rdnt, etc. These projects may be affected by good news.
2. BTC Ecosystem: Pay attention to the second wave of opportunities in the Bitcoin (BTC) ecosystem. The market is relatively calm at present, and most investors are losing money. When looking for opportunities in the BTC ecosystem, it is recommended to focus on projects that are closely integrated with the real economy, so that new funds entering the market can understand and identify more easily.
3.RAW concept and cloud storage: RAW concept usually refers to projects related to blockchain and decentralized technology. In addition, cloud storage is also an area worthy of attention.
When can I buy at the bottom?
Recently, a friend asked me when we were chatting about the cryptocurrency world, when can we buy the bottom? The cryptocurrency world has a strong cycle of four years, with short bull markets and long bear markets. The bull market lasts for more than a year, and the bear market lasts for two to three years.
The current environment does not have the basis for a bull market. From a time perspective, I believe the bear market will continue for some time. There will be a good opportunity to enter the market at the end of 2023 or the beginning of 2024. The specific situation will depend on market developments.
The current economic environment is not optimistic, the liquidity of risky assets is very poor, and Bitcoin is also in a bear market cycle, which is undoubtedly adding insult to injury. In the depression, cash is king, make more money, find ways to accumulate capital from reliable tracks, and prepare for a new round of super bull market.
Reduce unnecessary consumption. The one dollar you spend now is worth tens of dollars in a bull market. Similarly, the ten thousand dollars you earn now is worth hundreds of thousands in a bull market.
summary
The market is now in a situation where it can go up or down. This week's CPI may continue the double-kill market in May. When the market conditions are not good, you can go to Xiaocang to play some favorable copycat games!