1. Fund Storage Safety Strategy
Small funds in top exchanges (for convenience in trading)
Recommended: Binance, OKX, Coinbase (the top three are stable as old dogs)
Don't touch second-tier exchanges! The speed of running away is beyond imagination, too many historical lessons
2. Diversify risks, don't put all in one exchange
Reasons for exchange running away:
Poor management (chaotic management)
Bear market funding chain break (if it can't hold on, it will run away with funds)
Regulation/Hacker attacks (unpreventable)
Large funds are recommended to use cold wallets
Hardware wallets like Ledger and Trezor are the safest
Exchanges are just trading tools, not banks!
Current market analysis
BTC: Consolidation, waiting for a breakthrough
Short-term trend: 1-hour level up, 4-hour level down, 12-hour sideways waiting to rise, daily level down
Key points:
Resistance level: $117,000
Support level: $111,000
Long-term trend: Institutions continue to increase holdings, waiting for a new high of 130,000
ETH: Stronger than BTC, a bellwether for altcoins
The battle for the key level of $3700, if stabilized, may drive the altcoin market
In July, on-chain transaction volume reached $240 billion, a new high in 4 years, institutions continue to buy
BNB: Follows BTC fluctuations, Alpha airdrop rules
CZ buys a shell in the US stock market (similar to MicroStrategy holding BNB)
Alpha airdrop is often at a high point before going online, be careful with profit-taking
Important news from yesterday
95,500 BTC held by 100 global listed companies (institutions continue to increase holdings)
The Bhutanese government transferred 517 BTC (approximately $59.23 million) to Binance recharge address
In July, Ethereum on-chain transaction volume reached $240 billion, a new high since 2021
Operation Suggestions
BTC: Range fluctuations between 111,000-117,000, waiting for a breakthrough
ETH: If it stabilizes above 3700, altcoins may catch up
BNB: Pay attention to Alpha airdrop, it may be a high point before going online
Altcoins: If ETH is strong, altcoins will be strong, but beware of BTC pullback that may collapse the market
Advice from an old investor:
Don't FOMO, there are always opportunities in the market
Preserve your capital to survive longer in the crypto world
The risk of exchanges running away still exists, spreading storage is key
People are more important than anything! If you are still wandering in confusion, you might as well check @crypto Guang Ge to guide you in seizing every wave of the bull market