As the fourth Bitcoin halving approaches, the cryptocurrency market is expected to usher in a critical moment.
This event is expected to occur between April 16 and 20 of this year, and Bitcoin's miner rewards will be halved from 6.25 BTC per block to 3.125 BTC.
Although historical halvings have been seen as a key indicator of market trends, Volcano X reminds us to be cautious about directly applying past patterns to predict future results, because the sample size of the previous three halvings is limited.
This sudden plunge in Bitcoin caught everyone off guard. Many friends in the fan group were panicked and kept asking what to do? The big pullback before the halving is coming, and the assets have shrunk a lot. What should I do? In fact, I roughly looked at it. As long as the position was established early and completed last year, there was no loss at all. The retracement was only the profit. Most of the losses were bought in the last month. The purchase in the last month must have been at a high point. This retracement is very normal. You can't just allow the market to rise and not allow the market to pull back. Then this halving should be on April 20, so there are still a few days. We want to know what to do. It is actually very simple. Just look at history and see how powerful people operate.
On April 13, BTC fell from the top of 71,000 to 65,000. On April 14, Beijing time, the price of Bitcoin crashed again, once falling below the integer mark of 60,000 US dollars per coin, and the 24-hour drop exceeded 7%. Bitcoin suffered a large-scale sell-off, and the price fell rapidly, reaching a minimum of 59,968 US dollars per coin, and then briefly stopped falling and rebounded.
From 11 a.m., the price of Bitcoin fell again by a huge amount, falling below the integer mark of 63,000 US dollars per coin. Other currencies in the virtual currency market have "plummeted". Ethereum fell by more than 8.5% in 24 hours, Dogecoin fell by 13.72% in 24 hours, and other altcoins fell by an average of about 20-30%. CoinGecko data shows that the total market value of virtual currencies is 2.4 trillion US dollars, with a 24-hour drop of 5.8%.
According to Coinglass data, in the past 24 hours, a total of 258,000 people in the virtual currency market were liquidated, with a total liquidation amount of US$966 million (approximately RMB 6.99 billion), of which US$787 million were liquidated for long orders and US$179 million for short orders.
The Bitcoin market has entered a new era, full of new dynamics
The launch of spot Bitcoin ETFs in the United States has radically changed the supply and demand landscape for Bitcoin. Within two months of their inception, these ETFs attracted billions of dollars in net inflows, marking a significant change in market dynamics.
This development not only sets a new standard for Bitcoin demand, but also suggests that the upcoming halving may have a unique impact on the market, unlike previous cycles. Given these changes, understanding the current technical supply and demand situation is critical to understanding the potential post-halving scenario for Bitcoin.
Supply Limits vs. Market Capacity
While the reduction in new Bitcoin supply is a key factor to consider, it is only one of many factors that influence the value of cryptocurrencies. Since the beginning of 2020, the supply of Bitcoin available for trading (i.e., the difference between circulating and non-circulating supply) has been declining, indicating a significant change from previous cycles.
However, recent data shows that since the beginning of the fourth quarter of 2023, the active BTC supply (Bitcoins that have moved in the past three months) has increased by 1.3 million, while newly mined Bitcoins have only increased by about 150,000 in the same period. Despite the market's increased ability to absorb this supply, Volcano X advises against oversimplifying the complex interplay of market dynamics.
How much will it fall this time?
In fact, it is difficult to predict the short-term. We can only say that there is a rough probability. At present, 60,000 is still a relatively effective support. If this can't hold, it may come to around 5.1-5.2. It should be difficult to see the beginning of 4.
In the short term, Bitcoin has already fallen below the 60-day line. If it closes again today, the boll will be stretched, and a narrow range will be brewing. This trend may be a downward trend.
And the current fear and greed index is only 65, which is not very scary. So should I get off the bus and get on the bus again at the bottom?
My suggestion is not to do this easily. If you have strong technical skills + strong execution, you can strictly implement the plan you have made, otherwise don't try it easily. Because most people, for example, if it falls to 55,000 this time, he still wants to wait for 50,000 to buy the bottom. As a result, the market suddenly changes and it is pulled to 70,000 in one breath. It is difficult for you to get on the bus again. It fluctuates up and down twice,
You are completely thrown off the bus. So no one knows where the real bottom is. Let's use our end-game thinking to think about the problem. That is, you clearly know that Bitcoin will reach 150,000 US dollars at the end of 24 or the beginning of 25.
What will you tell yourself now what to do at that time? And there may not be a big crash this time, at least 50% is unlikely, at most 20-30% is the limit. And if there is no crash, it is not good for the future market, because the consensus of the currency circle has been broken, which is actually not good.
If there is a big crash as expected, we should be happy, because at least the currency circle is following the previous rules, which is a good thing.
Finally
We should maintain a good attitude. The dumbest way for ordinary people is to hoard coins in a bear market and sell them in a bull market. It's that simple.
Don't always think about what contract to open leverage, what to do T, anyway, the more operations you make, the faster you die. .
How should you withdraw money safely if you have made 1,000 to 10 million yuan in the cryptocurrency industry?
The cryptocurrency industry is about wealth transfer, not wealth creation
If you pay attention to some sickles and think you can make money easily, then you are their source of wealth. I used to think that this industry was about taking money from other people's pockets, and I sneered at it. But later I found that they really gave too much, so I took money from other people's pockets Today I will talk to you. If you really fight your way out of the cryptocurrency industry and want to put your money in your pocket, then you must read this article (Did you follow the right wind today).
Because I don't want you to be someone else's source of wealth, this is love, this is great love, a love that is free from vulgar tastes. Again, the safety I am talking about is absolute safety, not the kind that may make you lose all your money. You can put the money you earn into your own pocket without worrying about being frozen one day and then refunding and seeking compensation.
If you make 1,000-10,000 yuan in the cryptocurrency circle:
See clearly that it is 1,000 yuan. You can buy an electric car to deliver food. You can use various U cards to withdraw cash and consume. Except for the handling fee of 50 yuan, there is no harm.
I emphasize again that it is zero risk. Don't listen to those bloggers who don't have a few coins in their pockets. What you want is safety. Remember this firmly. Just like if there is no safety on the construction site, your wife belongs to someone else, and someone else beats your children.
Of course, you won't always deliver food. You must want to start a business. Many people ask you to receive payments through Alipay and WeChat. It doesn't matter if the amount is so small.
This kind of person has never been a boss. He only talks nonsense. Remember, if your Alipay receives the funds involved in the case, it will be directly risk controlled. The result is that you will not be able to open a store, express delivery, Douyin, online store, collect money, UnionPay payment code, online payment code and other payment settlement accounts in the future. If you have made 100,000-1 million quick bucks in the cryptocurrency world: Cash is the safest way. In fact, at this point you have a certain size and you will have a lot of resources. The main thing is that you need to distinguish the authenticity. Again, don’t believe it, verify it. Make arrangements in advance at any time and find a trusted currency dealer. With this amount of funds, you need to guard against others setting up a trap for you.
Don't listen to those half-baked bloggers who tell you that there is black money in cash.
No matter what kind of money the other party's cash is, you just need to be unaware of it. You just need to sell your digital currency. If you have to pay, it is the currency dealer who will be pressed. It has nothing to do with you.
For 1 million in cash, you just need to deposit it slowly into the bank, or repay your loan. For large amounts, you need to provide the source of funds. They will ask you and record it in the cash flow notes.
If you make more than 1 million in the currency circle (II):
You say you don't want to buy a car or a house, but you just want cash to be deposited into your card. Then, based on your real life situation, what industry you are in, you can open a Taobao store and operate it formally. If you sell wine, food, pots and pans, or clothes, you can directly link it.
The currency dealer just needs to find someone to buy it. You give enough profit, ship it by express delivery normally, and give them some wine to drink.
This money is the payment directly paid by Taobao to you. Do you think your card will be frozen? There are order records, delivery records, and regular income. Many times, it is actually that simple. The premise is to trust the currency dealer, otherwise you will be refunded and returned. .
I sincerely wish you a fortune in the currency circle. If you want to dig deep in the currency circle, but can't find a clue, you can follow my avatar to get free information if you want to get started quickly. I hope we will have a wonderful encounter.
Hot events in the cryptocurrency circle today (April 19)
1/Proposal for stablecoin regulations in the United States: Circle may be ahead of Tether The latest stablecoin regulation proposal put forward by U.S. Senator Cynthia Lummis (Republican, Wyoming) has attracted widespread attention. Under the proposal, U.S. company Circle Internet Financial will be more likely to comply with new stablecoin regulations than global stablecoin leader Tether.
Lummis said that U.S. customers are more inclined to choose stablecoin issuers regulated by the United States. The bill requires stablecoin issuers to comply with bank-like regulatory regimes, and companies that issue tokens with more than $10 billion will be required to become regulated depository institutions.
Although current stablecoin leaders such as Circle will also face significant regulatory hurdles, Lummis expressed willingness to adjust the bill based on feedback from the industry and government.
Although cryptocurrency legislation still faces many challenges in this Congress, some lawmakers have shown optimism and are willing to discuss issues such as stablecoins.
The main leaders of the House Financial Services Committee have met with the Senate Majority Leader to promote cryptocurrency legislation, but it is unclear how the negotiations are going.
Industry insiders are watching the legislation closely, but remain cautious about its potential impact and requirements.
2/Grayscale GBTC had a net outflow of $90 million yesterday, and its Bitcoin holdings were reduced by 51% in 3 months Yesterday (April 18), the net outflow of Grayscale's spot Bitcoin ETF GBTC reached $90 million, equivalent to about 1,420 Bitcoins.
Since GBTC was converted to an ETF, 314,225 Bitcoins have flowed out. Currently, the number of Bitcoins remaining in GBTC is 304,970, which is about 315,000 lower than the 620,000 BTC when the fund was converted to an ETF in January. In the past 3 months, GBTC's holdings have decreased by about 51%.
3/Fed Kashkari: It may take until 2025 to cut interest rates Chairman Kashkari of the Federal Reserve (Fed) of the United States said that the resilience of the US real estate market surprised him.
Once inflation continues to fall to 2%, we may be able to consider lowering interest rates. We need to be patient until we are confident that inflation is falling.
It may take until 2025 to implement rate cuts. As the political heat rises, the Fed is more focused on its mission.
Cryptocurrency exchange Kraken is acquiring TradeStation Crypto, the digital asset division of online brokerage TradeStation, to expand its regulatory license in the United States.
The acquisition will help Kraken accelerate its business development in the United States and bring more growth and new product opportunities to the company.
A Kraken spokesperson said via email: "We can confirm that Kraken recently purchased TradeStation's crypto business.
This is part of our efforts in the US market." The amount of the transaction was not disclosed publicly. Previously, information about this acquisition was not disclosed publicly
Why did Bitcoin plummet? Has the correction peaked? Can it fall below 60,000?
Personal advice: Share it with people around you if it is appropriate
Reasons for the sharp drop
(1) The Federal Reserve suddenly changed its interest rate cut strategy, from the initial plan of three interest rate cuts to one, which led to a large discount on the expected interest rate cut, thus triggering a direct plunge in the stock market. But this does not mean that investors have lost confidence.
(2) The three major US stock indexes plummeted at the same time, with the Dow Jones Industrial Average falling 1.24%, the Nasdaq falling 1.62%, and the S&P 500 falling 1.45%. Popular technology stocks also fell sharply, such as Nvidia, Tesla, and Meta, which fell more than 2%, and Microsoft and Google fell more than 1%, which also caused a certain degree of volatility in the cryptocurrency market.
(3) Bitcoin will be halved within a week, and the original positive expectations have begun to be fulfilled, but this also brings a certain degree of negative risks. In this case, investors need to carefully assess risks and returns
The current market is no longer the same size as before. It is different from the past. The factors of human intervention in the market are too strong. A negative news will become the fuse of the liquidation. The contract liquidation is mainly long
Cultivate emotions so that you feel that the price should rise near the golden cross, but the volume is weak, and then intervene unexpectedly to liquidate.
This month, Bitcoin did show a wash-out phenomenon in a short period of time, with prices fluctuating between 60,000 and 73,000, with a fluctuation range of about 20%. This situation is a common feature of each halving month, indicating that the market is looking for a suitable price balance point.
Small coins (altcoins) have shown a certain degree of sensitivity in this process, and the prices of many projects have even fallen back to the level before the bull market. This may be due to the market's emphasis on Bitcoin's influence and dominance, as well as the risk assessment of other cryptocurrency projects. Generally speaking, when Bitcoin falls by 1%, Ethereum (ETH) and other mainstream cryptocurrencies may fall by 2% to 3% or more.
In order to cope with market fluctuations, investors can allocate positions in their portfolios. It is recommended to use half of the position to hoard more stable Bitcoin cryptocurrencies (such as BTC), and the other half can be allocated to cryptocurrencies with greater potential, such as mainstream projects such as Ethereum (ETH), Solana (SOL) and Binance Chain (BNB).This can help reduce risks, improve the stability of the investment portfolio and potential returns. Current operation suggestions
Current operation suggestions
1. Reduce 3-5 layers of positions during the rebound, there will be a second drop, and then wait for the decline to stabilize and then take it back!
2. Left-side bottom-picking method: set a very low price, and bottom-pick once every 15% drop, similar to price fixed investment!
3. Right-side bottom-picking method: wait and see for now, and wait for confirmation of the decline to stabilize before entering the market! It is recommended to use the second bottom-picking method for safety.
The collective plunge in the currency circle, is it time to buy the bottom?
In the past two days, the cryptocurrency industry has encountered a storm, which has brought many newcomers directly into contact with the cruelty of the cryptocurrency world.
In the context of the hot bull market in the past, people believed that cryptocurrency trading was very easy to make money, but now there are few such voices.
Yesterday and the night before yesterday, both mainstream and altcoins fell, and those who chased high to enter the market may have lost half of their funds.
It shows that adding cryptocurrency bull market is not always easy to make money. No one can say that you will not make money, it depends on your good experience and market insight.
In the financial market, no penny is easy to make. There are many coins rising in the bull market, but in fact, there are many people who are losing money behind the rise of good coins.
In this market, you will find that other people's invoice coins are always rising, while your own invoice coins are not rising. The behavior of chasing high is likely to make you reverse in the market and make you suffer losses.
In this case, your principal is cut in half once from 100,000 to 50,000, and then from 50,000 to 25,000, only twice, you want to make 4 times the money to get back?免废近🐍qu;+巍Gold1266
The problem is that most of my judgments have been proven to be wrong, and I have lost money in the end. How can I have the courage to earn 4 times the money back, not to mention that I once vowed: I am not greedy and I can earn 5 times
The bull market is the graveyard of retail investors, especially in the case of a crazy bull market, the driving force of the market for retail investors to make money.
If you don’t understand the industry and the market, and trade blindly, then your purpose of entering the market is not to make money, but to give money. The current market makes many people confused. Will there be a big drop, where can you buy the bottom, and where should you buy? If you are not clear about these issues, it means that your cognition is not enough and cannot support your success in this market.
Many people have heard Buffett’s famous saying "Others are greedy and I am greedy, and others are greedy and I am intimidated", but in fact, few people can really achieve something.
In trading, you need to overcome fear and greed and analyze the facts rationally. Don’t be afraid to sell or buy because you feel that the market has reached the top or is going to fall, otherwise you are just deceiving yourself.
If you strictly follow any of the following suggestions, your assets will increase by at least 100-10,000 times after a round of bull and bear markets. It depends on how firm you are.
1. Don't touch the contract now. Work hard in the bull market. Short BTC with 1x or 2x leverage at high points. Add positions when the market is high. When the market is in a deep bear market (BTC retreats 75% from its new high), start to fully position spot. 50% of the position is used to buy BTC spot and open a long position with a currency leverage of less than 3x and take this long position to break through the next new high. During this period, open a two-way position. Every time it rises a little, short the same position to eat the band and continuously pull the contract short-term. In this way, when the bull market breaks the new high, the amount of your spot BTC will be at least 10 times the original amount. If the technology is very good and the order opening frequency and profit and loss ratio are very high, it is possible to reach a hundred times or a thousand times the amount of currency. You must know that this cycle is a bull and bear market, 3-5 years, And the price of the currency has risen nearly five times
2.30% of the full position of various leading copycat spot in the sector, do not touch the leverage
3.20% is used for u-based contracts, play within 5 times leverage, on the one hand, to practice technology, on the other hand, to slowly use small funds, the most important thing is that you are afraid that you can't control your hands, so you use small funds to practice. The income earned by this part of the funds will continue to be added to the contract funds at 50% each time, and the other 50% of the income will be used to buy BTC spot and increase the position of the currency-based contract. The other 30% will continue to buy copycat spot. You can increase the original position or find another opportunity
The last point is very important. This part of the funds used for u-based contracts cannot be used to make up for other assets at any time. For example, if you are trapped and want to blow up your position, you want to sell your BTC and copycat spot to cover your position. Absolutely not. If it happens once, you will return to zero sooner or later in this round! #大盘走势 #WIF #SHIB
Here are 10 of the most popular and best-performing memecoins on the Solana network mentioned in the previous article.
10 Best Memecoins on Solana
The following are some of the most popular and best-performing memecoins on the Solana network.
We evaluated and selected the tokens listed below based on their market performance, hype generation market cap, community strength, and utility.
1. Bonk (BONK)
A key aspect behind the popularity of $BONK is the comprehensive Bonk ecosystem, which includes BonkSwap, a DEX; BonkDex, which provides DeFi services such as lending; and BonkVault, a secure non-custodial wallet for storing digital assets.
These platforms increase the utility and value of the Bonk token, making it an attractive option for investors and users.
2. Wen (WEN)
The main feature of WEN is its strategic distribution method, which has played a vital role in its popularity.
About 70% of the token's 1 trillion fixed supply was airdropped to eligible Jupiter users, who must trade at least $5 in volume between July 2023 and January 2024.
This massive airdrop resulted in WEN being distributed to over 1 million wallets, greatly expanding its reach and creating a large community around the coin.
3.dogwifhat (WIF)
Featuring a pixelated dog avatar wearing a stylish hat, dogwifhat aims to build a fun and engaging platform around meme culture.
Their vision includes a meme-based social media platform and an NFT marketplace. Users can acquire and trade unique pixelated dog NFTs with a variety of hats and accessories.
The planned platform promises meme sharing, community interaction, and potential social features built around NFT ownership.
4.Myro (MYRO)
One of Myro’s main features is its comprehensive and public BuyBot on Telegram, designed to help the Solana community.
This bot promotes cross-pollination, collaboration opportunities, and free exposure for the Solana project through the “MYRO Trending” channel. The bot also has the potential to generate revenue, with plans to introduce fees for certain services and display ads, with revenue going into the Myro Treasury
5.analoS (ANALOS)
AnaloS is a parody of Dogecoin that aims to inject humor and levity into the Solana memecoin scene. This coin was created to bring innovation to the Solana ecosystem, not just as an investment tool. AnaloS launched on December 24th, quickly attracting market attention and increasing the value of its native token ANALOS.
6.Silly Dragon (SILLY)
Silly Dragon is not only a memecoin, but also a heart-driven movement that embodies the spirit of abundance and unity in the Solana ecosystem.
It represents a cultural and art-driven phenomenon that celebrates community, art, and the joy shared between members.
The Silly Dragon team emphasized its commitment to integrating SILLY into the broader Solana DeFi and GameFi sectors, promising that long-term holders will benefit from ecosystem expansion. In addition, the project prioritizes community feedback, allowing members to directly participate in the development of new features through channels such as Discord.
This approach aims to foster strong community bonds and drive further innovation and growth in the Silly Dragon ecosystem
7. Book of Meme (BOME)
$BOME is the project's native memecoin and is at the heart of its ecosystem, making it possible to trade and participate in this unique digital cultural preservation.
With a vision to expand into decentralized social media, Book of Meme explores the intersection of meme culture, blockchain technology, and decentralized finance, marking an important step in using blockchain for cultural preservation and digital expression.
8. MAGA (TRUMP)
The Trump MAGA memecoin has made a notable impact in the cryptocurrency world by leveraging former President Donald Trump’s political brand. It has experienced extraordinary market performance by leveraging political events and Trump’s media image.
As of early 2024, MAGA has surged more than 800% in just 30 days, reaching an all-time high of $11.15 in March, compared to just $0.252 in January.
Since its launch, MAGA has increased in value by more than 66,000%, with a market cap of more than $461 million as of March 2024.
This memecoin represents a unique intersection of politics, investment strategy, and meme culture in the cryptocurrency space, and has attracted attention not only for its connection to Donald Trump, but also for its significant market appeal.
9. Samoyedcoin (SAMO)
SAMO’s tokenomics includes a total supply of 1 billion tokens, allocated for airdrops, team, marketing, and token burning.SAMO tokens use a deflationary model where a portion of each transaction is burned, reducing the total supply over time. This involves burning 1% of each transaction and redistributing another 1% to holders. SAMO tokens can be earned through various liquidity mining programs.
10. WOOF (WOOF)
The project includes its own decentralized exchange (DEX) and exchange platform, and aims to be a fun and educational space to bring new users into Solana and the broader crypto ecosystem. Woof Solana's vision is more than just a currency; it's about community building and giving
I sincerely wish you a rich old leek in the cryptocurrency circle. If you want to dig deeper into the cryptocurrency circle, but can't find a clue, you can control my avatar to get free information if you want to get started quickly. I hope we have a wonderful encounter.
Solana memecoins stand out from their counterparts on other blockchains because of several distinct advantages:
• Unique Transaction Advantages: One of Solana’s biggest advantages is its ability to process thousands of transactions per second (TPS) with minimal fees (as low as 0.0001 SOL). This is in stark contrast to Ethereum, where high gas fees (averaging $1) often hinder memecoin transactions due to its slower network. Solana’s speed and affordability make it ideal for high-frequency trading, which is especially beneficial for the highly volatile memecoin market
• Operator-Friendly Ecosystem: Solana’s infrastructure is conducive to innovation, providing developers with a supportive community and powerful tools to create and launch new memecoins. This encouragement of creativity and experimentation has been a key driver of the proliferation of memecoins in the ecosystem.
Growing DeFi TVL and Support: The Total Value Locked (TVL) in the Solana DeFi protocol is a testament to the growing confidence in its platform. Many DeFi protocols and decentralized exchanges (DEXs) on Solana are increasingly supporting the growth of memecoins, further integrating these assets into the wider crypto economy. After finding success on Solana’s DeFi ecosystem, many memecoins have expanded into the larger crypto market thanks to the growing popularity brought by CEX listings. • Growing interest from traders and end users: The user base of Solana memecoins is expanding, thanks to the efficiency of the blockchain and the inherent appeal of memecoins. As Solana gains traction among experienced traders and new users, demand for memecoins in this vibrant ecosystem will naturally increase. This creates a self-fulfilling cycle that drives further growth and adoption 10 Best Memecoins on Solana Here are some of the most popular and best-performing memecoins on the Solana network. We evaluated and selected the coins listed below based on their market performance, hype-generating market cap, community strength, and utility.
Yesterday was the day for the release of the Consumer Price Index for March, and it seems that many people are preparing for this day. I see that many people think that this time they can take advantage of the decline to buy at the bottom, although I also agree that if CPI exceeds expectations, buying at the bottom is indeed a good strategy.
However, if too many people think so, will it go the other way? Or will it not fall at all? It is not easy to predict.
Yesterday's decline may have known some expectations, so let's observe it today. If it really doesn't exceed expectations too much, it's still okay to buy at the bottom.
Regarding ETFs, the data is indeed not too. The ladder is still increasing, and the purchasing power is declining, and it is completely interrupted. Net skipping 267, interrupting 18.6 million hearings. The total managed asset value of the first few ETFs has exceeded 300 billion, which is a big elephant.
Therefore, in the buying tide, some subsequent trillion-dollar capital management institutions need to increase their efforts, which is what we can expect.
The Hong Kong Securities and Futures Commission will announce the name list of the Hong Kong Joint Bitcoin ETF on April 15. The Hong Kong Stock Exchange needs about 2 weeks to prepare for the listing of products, but the entire spot Bitcoin ETF project has organized detailed communication and planning with the Hong Kong Stock Exchange in the early stage, and it is expected to be completed in about 10 days. The Hong Kong Securities Regulatory Commission originally planned to list the spot Bitcoin ETF in Hong Kong around April 25, no later than the end of April. Eastern Power has also taken action, why don’t you act quickly!
The liquidity re-pledge protocol Intrinsic Layer announced the official launch of the Ethereum mainnet, accompanied by the release of the EigenDA data availability (DA) service.
The emergence of EigenLayer may compete with the pricing part of the DA layer, which is also one of the killer features of the Intrinsic Layer...
It may be far from his release, and he will come to suck blood points. Let’s see how much the market value of this kind of big product can achieve when it is launched.
Dianwo Tou is like a manager, updating you what is happening in the currency circle from time to time
The inflation data was released, exceeding the previous value and expectations, which shows that there is still a certain pressure on the US inflation problem, which may have a negative impact on the market.
The negative effect of CPI data suggests that the interest rate cut may be postponed. But it should be noted that CPI data is only part of the inflation data, and the Federal Reserve pays more attention to PCE data because it is more objective and true.
Although the market currently expects that the Federal Reserve may not cut interest rates for the time being, I personally believe that a rate cut is still in the works. This view is a reverse thinking, although lacking actual evidence, it is worth paying attention to. It is possible that the Federal Reserve uses CPI data to guide market expectations, and then implements a rate cut when the market's expectations for rate cuts fall to a freezing point.
For risk markets, the collapse of expectations for rate cuts may lead to a rebound in market sentiment, but the market may adapt relatively quickly to a state of no rate cuts. At the same time, the market will face a negative impact and needs to be handled with caution.
In the cryptocurrency market, the support level mentioned earlier may face greater pressure, and market trends need to be closely monitored. The opening of the U.S. stock market may have an impact on the crypto market, especially when the U.S. stock market falls. The current support level is 66,500, and you need to pay attention to its situation😳
In the cryptocurrency world, as long as you can resist temptation, you won’t fall into the trap. I don’t know if you remember this saying,
If God wants you to perish, he must first make you crazy! It’s unnecessary to feel anxious when seeing others making profits.
You have to know that before they make profits, the market is uncertain, and they may also be worried about "what if they sell out" and "worry about being trapped". Their mentality is repeated, and they finally choose the right direction, and everything is what they deserve.
Don’t write answers randomly just because others are handing in their papers...
It’s best to earn money within your own cognition...
Bitcoin has never let down its family members in the currency circle!
At this time, the price of Bitcoin is 691400 US dollars, denominated in RMB, 500089.62/coin. It broke the record of 410,000 on November 10, 2021. So far, all those who bought BTC in history before today have been untied.
But Bitcoin does not let anyone down, and he has not let anyone lose a penny. Bitcoin has risen to today's price. Its biggest risk is not high, but that you can no longer afford it, and now you dare not buy it.
You can't chase it, and you can't buy it. In a hurry, you threw yourself into the arms of the copycat dog. You want to make a hundred times and bring honor to your ancestors. But you sacrificed yourself in this dazzling and crisis-ridden world.
You see these people who sell you coins, with a tiny bait dream, exchanged your hard-earned chips but turned to invest in Bitcoin.
Resolutely abandon the coin that can increase a hundred times. You sacrificed to the people who sold dreams, and they sacrificed to Bitcoin.
At this point, you may be sober, and you think, next time, if there is a next time. I will definitely sacrifice my hard-earned money to Bitcoin.
I am a coin hoarder. I increase my coins by arbitrage in the market + make money outside the market to increase the principal investment in the market, and constantly increase my coins. I earn coins in a bear market and U in a bull market.
Generally, people who play like me can basically go from zero to millions after one cycle, and 10 million in 2 cycles.
My model is very stable. I don’t play contracts, I only play arbitrage and airdrops. It is suitable for everyone who has patience and likes to make money in web3.
I sincerely wish you a rich old leeks in the currency circle. If you want to dig deep in the currency circle, but can’t find a clue, you can manage my avatar to get free information if you want to get started quickly. I hope we have a wonderful encounter! $BTC