Bitcoin: A 'Digital Alchemy' Forged with 300 Million Daily Electricity Costs
Exchanging the electricity resources of the real world for currency in the virtual world is the reason why the state does not recognize its monetary value.
Every day, about 450 Bitcoins are mined, worth over 350 million yuan. But this is not created out of thin air—over 90% of its cost is electricity, equivalent to burning nearly 300 million yuan in electricity each day. This is not a business accident, but the core of the Bitcoin system: using energy from the physical world to forge trust in the virtual world, a modern version of 'digital alchemy.'
This pile of value built from 'kilowatt-hours' is both the cornerstone of its security and the eye of the global controversy.
Exaggerated energy consumption: a chain reaction from nations to individuals
The electricity consumption of Bitcoin has long surpassed imagination. Data from Cambridge University in May 2021 shows that its annual electricity consumption exceeds that of entire countries like Sweden and Ukraine, and it emits about 69 million tons of carbon dioxide each year.
Do you know why China 🇨🇳 does not allow speculation on cryptocurrencies?
China does not allow speculation on cryptocurrencies, while the United States has allowed Bitcoin into ETFs. One has directly closed the door, while the other has left a 'back window'—ultimately, neither is for the ordinary people, but rather a gamble for their own core interests.
China's ban is straightforward; it's not that Bitcoin is unattractive, but mainly because of two concerns: first, the domestic money flowing secretly abroad, and second, the ordinary people's savings being completely wiped out by the cryptocurrency market. It's important to know that as long as the banking system is stable, our economic foundation won't be shaky. Just think, if the cryptocurrency market is allowed to fluctuate wildly without regulation, the final fallout might not just be a single trading platform, but the entire financial order could be thrown into chaos.
The evening market is strong, you can stay up a bit to look for suitable entry opportunities. After a good sleep, everything is stable, and the weekly living expenses have been received: $BTC #BTC
The 100,000 level has strong support, and there is a high probability of a short-term false dip. The main strategy is to buy on dips, while also considering a light short position around 103,000. Two attempts to break 100,000 have failed, but it has not broken down, and the hourly chart shows multiple long lower shadows, indicating active buying below, with clear characteristics of a 'false dip'. The main strategy is to 'buy when it dips', provided that there is no significant volume breaking key support; the auxiliary strategy is to short around 103,000, with target levels set at 101,800 and 99,800 to address short-term pullback risks.
The market shows that the MACD indicator continues to maintain a bearish arrangement, with the green momentum bars continuously extending, solidifying the bearish trend and prolonging the downward momentum. If the DIF crosses below the 0 axis into a deep bearish zone, and the middle band of the Bollinger Bands continues to decline, it will further confirm the weak market pattern, with bearish forces dominating the overall situation. In terms of operations, it is recommended to sell high after a rebound.
Big Pie: Short in the range of 101900-102800, targeting the break of the 100000 integer level $BTC #BTC
Continuation of weakness, yesterday's rebound was short-lived, and it has directly broken down this evening, with bears currently dominating the market! The 4-hour chart shows a continuous downward trend, with moving averages in a bearish arrangement, and prices persistently operating below the Bollinger Band lower limit, making the downtrend hard to change. The MACD indicator's green bars continue to expand, and the death cross signal remains unresolved, indicating that bearish momentum is still increasing, with little hope for a short-term rebound.
Trading suggestion: Short in the range of 3350-3390, Target looking towards 3250-3180 #ETH
Investment carries risks, and one must be cautious when entering the market. 📈 Behind the profit of 7476 dollars are precise judgments and decisive actions. Discuss defense points with friends, sleep peacefully, and prepare for the challenges of the next trading day. $BTC #BTC
Core Viewpoint: Bullish momentum has weakened, bears dominate, and the overall intraday strategy is primarily to short at high levels. The afternoon market struggled to break even the small-level mid-track, confirming the weakness of the bulls; the four-hour chart shows a trend of fluctuating downward, with prices continuously suppressed by the middle track of the Bollinger Bands, and the downward pattern remains unchanged. Operation Ideas
Bitcoin: Short near 103500 - 104500 on the rebound, targeting 102000 - 101000; if it breaks, it can continue to look down to the 100000 level. Altcoin: Short near 3450 - 3500 on the rebound, targeting 3320 - 3250; if it breaks, it can continue to look down to 3150$BTC #BTC
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Global risk assets collectively decline! Behind the liquidity "money shortage," the two major "money-devouring beasts" in the U.S. are at work
Today, global risk assets are experiencing a broad decline—stock markets, commodities, and cryptocurrencies are all under pressure. Even though the European and American stock markets stabilized yesterday, U.S. stock futures have already entered a downward mode today. The core issue behind all this is the sudden tightening of global liquidity, which directly points to the U.S. market.
Clearly, the Federal Reserve announced an interest rate cut on October 30, yet the financial markets have not felt any liquidity easing: on October 31, the secured overnight financing rate (SOFR) surged 18 basis points to 4.22%, far exceeding the reasonable expectation of around 4.00%, and 32 basis points higher than the reserve rate, creating the largest interest rate spread since the COVID-19 pandemic began in 2020. It's important to note that the liquidity crisis in 2020 stemmed from uncontrollable pandemic panic, while this time it is entirely due to human factors.
The cryptocurrency market is no longer a place for investment, but rather a 'retail harvesting machine' meticulously crafted by capital!
Cryptocurrency: a crazy 'retail harvesting machine', the capital sickle has never stopped!
The cryptocurrency market has long deviated from the essence of investment, devolving into a 'casino' for capital to harvest retail investors!
The day before, Ethereum plummeted over 14%, Bitcoin crashed over 5%, and countless leveraged retail investors instantaneously faced liquidation; the next day, the two major cryptocurrencies surged nearly 6% and over 3%, with extreme volatility providing no respite for retail investors.
Retail investors trading cryptocurrencies are often overly speculative, frequently using 10x or 20x leverage, and the extreme ups and downs in the cryptocurrency market are precisely tools for capital to harvest—just a 10% reverse fluctuation can wipe out the principal of a retail investor using 10x leverage; even if the market rebounds later, those who have been liquidated have already lost everything and are completely out!
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11.6 Morning Market Analysis and Strategy Suggestions
The upward momentum at the 4-hour level has significantly diminished, having stalled after three consecutive bullish candles and failing to effectively break through the middle band of the Bollinger Bands. This position has now transformed into a core short-term resistance level. Accompanied by a continuous shrinkage in buying interest, the probability of a subsequent pullback has greatly increased. The 1-hour level shows even more fatigue, with insufficient gains and upward force, overall presenting a sideways consolidation trend. The short-term upward momentum has been exhausted, and a downward trend has begun to emerge.
Point Suggestions
Bitcoin: Short on a rebound to the 104500-105200 range, targeting a drop to 102800-101500. Altcoin: Short on a rebound to the 3450-3500 range, targeting a drop to 3350-3250$BTC #BTC
Crypto market explosion! Trump's son 'Prince Brother' drops a nuclear-level prophecy: Ethereum to surge to $8000-10000 in 2 months?
Brothers, a huge surprise has fallen in the crypto world! Trump's son, known within the circle as 'Prince Brother', just dropped a shocking prophetic bomb that Ethereum (ETH) will soar to $8000-10000 in two months!
As soon as this news broke, it instantly ignited the entire internet! This is not just an ordinary influencer making casual predictions, but a core member of the Trump family personally stepping forward to speak out. Think about it—could there be a hidden macro layout behind this? Is it a strong signal that big funds are about to enter the market?
It's important to note that the Trump faction has recently become increasingly friendly towards cryptocurrencies. If this prophecy comes true, ETH will directly double from the start, and the entire crypto market will be completely ignited, with a new wave of wealth potentially already on the horizon!
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