CryptoExplorers says
The Fed keeps changing every day, and the cryptocurrency is constantly tossing about it. The day before yesterday, a group of people at the Fed said that cryptocurrencies are not good. Yesterday they said that Bitcoin is not a threat to the monetary system. This kind of change has repeatedly tossed, one will plummet, and the other will skyrocket. Most of the investors who get it are dumbfounded. In 24 hours, more than 4 billion contract investors have exploded. For the currency circle, the volatility itself It is much larger than traditional assets, and coupled with incomprehensible leverage multiples, getting rich and returning to zero is really an instant. We can see how many get rich around us, and there will definitely be how many get back to poverty. If you don’t have two brushes that don’t have the ability to resist risks, you should try not to play the contract, otherwise they will basically give them away.
At more than 19:00 last night, Powell's sentence triggered a market plunge. He said that as the economy makes substantial progress, bond purchases will be reduced. If the U.S. Treasury does not continue to buy the Fed's banknotes, the U.S. Treasury yield will be higher. Therefore, once this tightening signal appears, it will be a huge negative for the market, so U.S. stocks opened lower and Bitcoin smashed 3000 US dollars. But later Evans came out and ended the game, saying that the interest rate hike is estimated to be 2024, the market has taken a reassurance, and there is a gradual rebound in the market. But on the whole, the dumping of U.S. debt is still inevitable in the next few months. CryptoExplorers believe that as all Americans are vaccinated, the new crown pneumonia will slow down, the economy will gradually recover, and the Fed will tighten sooner or later. Under the macro background, it is extremely difficult for Bitcoin to have a sustained surge in the short term. Therefore, the CryptoExplorers still maintains the previous judgment. The next 2-3 months will be the rest period of the bull market. After the rest, there will be a chance to set new highs.
The U.S. SEC commissioner stated that NFT investment products should not be created, which will be classified as securities and regulated by the Securities Law. This means that the issuance of NFTs is subject to securities laws, and for ordinary people, they will suffer huge fines in the future. This may be the biggest reason why Musk withdrew the NFT issuance before. For the tokens in the NFT sector, whether it will be regulated by the SEC is currently unknown, but for speculators, this construction should be done in mind.
Former Goldman Sachs executives said that Singapore’s sovereign wealth fund Temasek has been buying bitcoin from miners. It seems that national funds have already participated, and it is still worth looking forward to in the future that Bitcoin will become an investment product for global investors.
KiwiSaver, a New Zealand retirement pension fund, has invested 5% of its assets in Bitcoin, which is the standard asset allocation method of traditional funds. This fund is a retirement fund plan of the New Zealand government for citizens, and can also be regarded as the allocation of the national prefix.
The creator of the Bollinger indicator believes that it is time to find the bottom in Bitcoin and altcoins. However, i feel that indicators are ultimately just a way of judgment and cannot represent everything. If indicators can guide transactions 100%, then everyone will become rich, and everything must be analyzed comprehensively.
The founder of ARK Fund advises everyone not to sell or trade Bitcoin, otherwise they will face a huge tax burden. From this perspective, the U.S. Internal Revenue Service's taxation policy on cryptocurrencies is conducive to investors holding bitcoins for a long time, making the trend more smooth.
Market analysis
BCH:
The support level rebounds very weakly, and the weak are always weak.
Bitcoin:
Today’s rebound is still quite strong, and the options have been delivered, which is equivalent to a thunder in the market. Therefore, the cryptoExplorers believes that there is still a chance for this position to rise in the short term, and the pressure is around 54600. The current adjustment trend cannot be judged to be over. , Tomorrow's trend is very important. If it returns to below 51000 tomorrow, it will continue to pull back next week. If it returns to 56500, the market will reverse. The CryptoExplorers is still not particularly optimistic about the overall trend, and it is recommended to rest.
ETH:
Today's rebound is obviously very weak, and the callback is not over yet.
DOT:
There is a strong rebound at the strong support. This is a relatively normal trend. It is expected that there will be a new low later, and the slot auction did not continue to bring a strong rise to Polkadot.
XRP:
Today's rise has brought back yesterday's Yinxian package. No matter how mad people are not optimistic about him, the market tells us that he may really go out of the independent market. Yesterday was a K-line that was wrongly killed.
LINK:
The support level rebound is not strong, so do not participate.
ADA:
Today's gains have completely eaten up yesterday's losses, and the rebound will continue. On the news, the founder intends to explore the combination of mainnet and NFT, as well as the mainnet that will launch smart contracts in August. He can rise so high, in fact, the biggest reason is that the development has not stopped, and is continuing to break through.
XMR:
Concussion is the mainstay.
DASH:
The support level rebounded, not too strong expectations.
FIL:
Continue independent market, hold first.
CFX:
It is also a continuous independent market, holding as the mainstay.
UNI:
Decentralized exchanges can do everything in the future, and traffic is king. Therefore, long-term attention should be paid to decentralized exchanges with active transactions on the chain.
CAKE:
Pancakeswap's lock-up volume and trading volume both exceed uniswap, and it currently ranks first in decentralized exchanges. Its total market value is only one-tenth of UNI. At least it has the logic of short-term speculation. This currency can be paid attention to from the fundamentals. .
SUSHI:
The fall will have to wait until unlocked, and the current rebounding market is still support.
Today, many small coins are very fierce. Some Defi tokens such as AAVE and LUNA are still the main direction of the current market hype. The rebound of mainnet, NFT and Layer2 is obviously not as good as Defi, which means that the funds will still be Defi. Making a fuss in the market, everyone should focus more on this big sector, and if the general direction is right, it will be much easier to make money. If the pie behind the pie continues to oscillate, then the market for the flurry of demons is inevitable.
That's it for today, see you tomorrow.
