CryptoExplorers says
In the past few months, Musk’s four combos on the pie completely controlled the ups and downs of the market. First, Tesla supported Bitcoin payments, Tesla bought a lot of Bitcoin, and then Tesla refused Bitcoin payments. Sla suspected that he sold a large amount of Bitcoin, and in the middle of the process, he said a lot of things that were missing, such as the platform Dogecoin, saying that Dogecoin is the people’s currency. Today, it is also said that Bitcoin is a centralized currency. Finally, It was also said that Tesla did not sell Bitcoin. Anyway, every tweet related to the currency circle will cause a sharp rise or fall. Many investors lose money in the order, and some leveraged investors directly blow up their positions because of Ma Yilong's remarks. Now there are some extreme people who want to crowdfund to buy Ma Yilong's head. The world of the currency circle is really crazy. Cutting leeks and manipulating the market is just a very ordinary state. Don’t use the richest man as a fool. People spend so much effort to win more capital. Otherwise, whoever will risk the global curse and continue to destroy themselves What is the image in people's minds?
If Musk didn’t yell and scream, the market should now fluctuate around 50,000. No matter if he is done, the bad news is completely released. Bitcoin, a network that has been running for 12 years, has risen from a few cents to tens of thousands of dollars. It does not rely on a centralized boss to shout, but through continuous accumulation, a community consensus has been formed. This consensus power will not quickly retreat because of a single Musk. Therefore, in the long run, Musk is against Bitcoin. The impact is only temporary, and the market will eventually return to its own operating track. The logic of the bull market will not change as a result. These people and events that block the development of the trend are just a splash in the ocean, and they disappear into the ocean in an instant.
The number of bitcoins flowing into exchanges has continued to increase recently, but most bitcoins flow into derivatives exchanges with currency-based contract transactions. Therefore, these inflows of bitcoins may be cashed in or cashed out. It is to open the contract. At present, the quarterly contract premium has not risen significantly, and it is still viewed as panic shipments. At present, in addition to short-term investors, it is advisable to watch more and less move. Whether the mid-term adjustment is over still needs to be observed, but there is no doubt that the opportunities have begun to outweigh the risks. In the long run, this is an uncontrollable position.
The spokesperson of the Iranian legislature said: The central bank of Iran should formulate clear regulations for crypto exchanges, because it is invalid to ban cryptocurrency trading. Iranian officials see it quite clearly that global compliance estimates will be gradually introduced in the next 1-2 years, and we will soon emerge and become formal.
The panic index is 27, which is still a panic, so there is no need to panic.
There have been frequent large bitcoin transfers on the chain, and many whales can't sit still in such a skyrocketing and falling. It is expected that the volatility in the subsequent market will further intensify, but the opportunities outweigh the risks.
200,000 ETHs were proposed from Binance, worth 700 million U.S. dollars. Some people still took advantage of the chaos to buy the bottom. However, the Ethereum addresses holding more than 1,000 ETH set a four-year low, so Ethereum is at a relatively high level, and the risk is greater than the opportunity. At this time, Ethereum should be gradually exchanged back to the pie.
Market analysis
Bitcoin:
Bitcoin's proven bottom today will not be broken again in the short term. It has fallen 35% from 65,000 to 42,000, which is fully in line with the bull market's callback range (30-40%), so there is no need to panic at this time. The CryptoExplorers above 60,000 once reminded everyone to escape the top three times. According to the analysis of investors who lighten up their positions, now, please take them back step by step. There is nothing terrible. More than 60,000 sold and more than 40,000 bought back. This kind of band is unlikely to appear in the bull market So, please be bold in participating in the market. Bitcoin's on-chain data does not support bears. In the second half of the year, Bitcoin will continue to move forward with the value public chain and Defi applications, and other things like pigs, dogs, cats and monkeys will gradually return to zero.
ETH:
Today’s rebound is very strong. Congratulations, hold on for the short-term and wait for the rebound.
DOT:
The pledge last week was 4.75 million, and 12.53 million was unlocked this week. The unlocking is much larger than the pledge. However, the trend is still high and the holding is the main thing. It is not a big deal.
XRP:
One of the relatively strong currencies today, the market outlook has the opportunity to rebound first, mainly buying or holding.
LINK:
Today's trend is not strong, and the short-term linkage rebound is the main one.
ADA:
The trend has not gone bad, take it first.
XMR:
The support is stepped back, and there is a rebound in the short term.
ETC:
Relatively defensive, it is expected to rebound.
DOGE:
Musk’s platform is still very strong, the rebound is the main thing, but I don’t know how long this situation can last. Today, it is highly likely to be scolded by people all over the world, saying that I can allin Dogecoin, and that Paypal is made by me. You don’t know how to pay online. All people are not gods, why bother.
UNI:
There is no big selling pressure, and it is much more resistant to falling than those on BSC. It is really calm to lock up the ecology on Ethereum with large funds. Hold mainly.
SUSHI:
Still maintaining a state of oscillating higher, buy or hold.
AAVE:
The plunge is completely unaffected, independent of the market, the power of Defi.
SOL:
Independent market, holding as the main.
That's it for today, see you tomorrow.
