CryptoExplorers says
When it goes up, it is a bull market, and when it goes down it is a bear market. Every time I see such remarks, I feel dumbfounded. The bull-bear cycle of the currency circle is once every 4 years, not once a week. Therefore, since the bull market has come, it is not so Easy to go, this round of bull market started at 312 last year, and it has gone through more than a year, and the time period is not short. But judging from the weekly or monthly line, it is just a wave of rise. Therefore, the probability that the bull will go is not high at present, but if you look at some data such as arh999x, the proportion of BTC market value, and UTXO From the perspective of age distribution, there is indeed a signal analogous to the mid to late 2017 bull market. Let's go and see. When escaping from the big top, i will take everyone to run together. Whether it is a small-level adjustment trend or the rhythm of the bull-bear conversion, the CryptoExplorers will not be absent for risk warning. Long-term investors can take it with confidence and maximize their profits. The ultimate height of Bitcoin will not be too bad. It is just the difference between this year or the next 3-5 years. Be a friend of time, don't care too much about temporary gains and losses. .
The governor of the Turkish Central Bank stated that he has no intention to completely ban Bitcoin and that new encryption regulations will be introduced within two weeks. Judging from the meaning of Turkish officials' speeches, they have already figured out that cryptocurrency cannot be used across the board, so they have come out to express their views. From this point of view, Turkey's regulatory attitude has been eased. In the investigation of the Vebitcoin exchange, 4 people were detained. It is not known what the crimes are, but 80% of them are crimes such as anti-money laundering. Turkey's encryption regulations will eventually give an explanation.
The South Korean exchange Daybit was voluntarily closed on June 1 because it could not meet the requirements of the new regulations. South Korea's supervision has not yet been relaxed.
The trading volume of cryptocurrency exchanges this month once again hit a record high, with a trading volume of more than $1 trillion for three consecutive months. As long as the volume can continue, the bull market will not end. It represents a steady stream of hands and takeovers.
Yesterday, the number of ETH transactions and the income of miners hit a new one-day high, indicating that ETH's change of hands is very obvious. Such a change of hands often means that a group of people is locked in a high position, and it takes a long time to unwind.
Yesterday, 2.37 billion USDT flowed into the exchange, second only to the one-day inflow on the way up on February 3rd. This will become the ammunition for the subsequent bottom-hunting funds. Therefore, if there is a major decline in the short term, we should bravely enter it.
The number of independent user addresses of Defi exceeds 2 million. Too little, too little. In this calculation, it is estimated that hundreds of thousands of people around the world are playing Defi. This is why there is an impossible triangle (high returns, good liquidity, and risk-free) in the Defi market, because there is a steady stream The takers are coming one after another. This market is still promising in the future, and expectations will be more clear.
Caracas Air, the Venezuelan Aviation Academy accepts Bitcoin payments. With 900 students, this academy is one of the fastest growing aviation academies in Latin America. The more powerful the place, the faster you can accept new things. Only by continuous learning and adapting can you become the darling of the times. As an individual, the truth is the same.
The securities products of Bitcoin and Ethereum exceed tens of billions of dollars, accounting for 0.82% and 1.08% of their respective market capitalizations. It shows that the penetration rate of traditional finance into the currency circle is still very low, which is also the basis for the future to be able to continue to expand the market.
Market analysis
Bitcoin:
Today, the overall market is still volatile, and there is no obvious strength. From the daily level, the market is still in a callback trend. Therefore, the CryptoExplorers maintains yesterday’s judgment unchanged. It is possible to create a new low in the short term. 46500-47500 will be Better short-term participation opportunities. We are still in a bull market, falling from 65,000 to the present, except for fools and lunatics to panic. Picking up their panic chips is a relatively noble way of trading.
ETH:
The linkage shock is the main one, and the following supports are at 2100 and 2000 respectively. The probability of directly hitting it is unlikely.
DOT:
The opportunity is not obvious, so I won't participate for the time being.
XRP:
Continued to weaken, the 5th line will not participate if it does not stand back.
LINK:
The position that should rebound does not rebound, and there is still room to fall behind.
BCH:
Relatively weak, do not participate.
LTC:
Linked to the market, it is difficult to go independent.
ADA:
If it is brought down by the market, it is a better bid to buy the bottom.
TRX:
Out of the recent pullback to new lows, you can consider buying bottoms.
XMR:
The upward trend of shock is not bad, and it has returned to near the previous high, indicating that the chip control is very good, and it is expected to continue to shock upward.
DOGE:
After the rebound yesterday to lighten up, let's wait and see. It is expected that we will have to be brought down.
FIL:
The trend is not too good, it is still the main decline.
UNI:
High shocks dominate.
After the big pie callback, the bulls have never intervened. The USDT premium has not been able to rise, indicating that the external bottom-hunting funds are limited. At present, the only good thing is that the exchange has inflowed a large amount of USDT to form a short-term bottom-hunting moat. Go in, and then we will decide to stay after seeing the bull's counterattack.
That's it for today, I wish you all a happy weekend, see you tomorrow.
