2024.7.18 Recent Market Analysis

1. The German government sells BTC, and no one mentions it anymore. After the bad news, the price rises back

2. Trump nominated Vance as Vice President. Vance has previously drafted a cryptocurrency-friendly bill and trades in cryptocurrencies. You can refer to Vance’s holdings (AVAX BICO, etc.). We have previously opened positions in BICO.

3. Ethereum ETF is expected to start trading on July 22 and July 23 next week

4. The Mentougou crisis has been mentioned again and again by the market. Whenever the market uses this news as a negative news to smash the market, the negative news has been exhausted. Mentougou has a total of 140,000 positions, 70,000 of which are held by institutions. The 70,000 holders have experienced 4-5 rounds of bull-bear transitions. After such a long period of market baptism, they have not become rich. That means they are going to wash the dishes and exit the circle. The selling pressure is roughly estimated to be 40,000. BTC spot ETFs have been in a state of inflow, which does not pose a threat to the market at all.

The market has only risen for a few days, from 5.3-6.6W, the sentiment value has changed. If it rises to 7-7.2W in a few days, the market will boil again. What about the sentiment value at this time? To do trading, you must learn to think independently. Many people are in a state of confusion and miss the opportunity. Some people directly sell at 5.5-5.6W, waiting to enter the market at a lower price to take over the goods, forming an inertial thinking, and then go short at 6.5-6.5W. Please deduct the short button again and don't go short. The subsequent market fluctuates widely, between 6.24-6.6W, and the pressure level is 6.8-6.9W.

If you want to do short-term trading and find a sense of the market, please pay attention to: wif pepe people sats. It has good elasticity and sufficient liquidity, which is much better than finding other copycats in the market.

The second half of the bull market is the real stage for making money! Investing is a marathon, and the process is very hard. #山寨季何时到来？ $SOL