01
Cryptocurrency News Interpretation
Matt Hougan, chief investment officer (CIO) of crypto index fund manager Bitwise, said a multi-year bull run is underway, driven by a long-awaited wave of institutional interest. Hougan said, "Since the FTX crash in November last year, (cryptocurrency) prices have actually been rising. Now the world's largest asset manager BlackRock has taken a stand on this issue, saying that Bitcoin is important and that this is an asset that institutional investors want to own in the next five to one year. I think we have entered a new era of cryptocurrency. I call it the 'mainstream era of cryptocurrency'. I think we have entered a multi-year bull market that has just begun."
Six crypto projects will unlock tokens this week, with a total value of approximately $38 million.
1. Yield Guild Games (YGG) will unlock 8,039,121 tokens at 22:00 on June 27, worth approximately $1.34 million, accounting for 0.804% of the total supply.
2.1inch (1INCH) will unlock 64.286 tokens at 8:00 on June 28, worth approximately US$21,122, accounting for 0.004% of the total supply.
3. SingularityNET (AGIX) will unlock 10,125,891.1 tokens at 8:00 on June 28, worth approximately US$2.46 million, accounting for 0.506% of the total supply.
02
Cryptocurrency Trading Tips
Mental training
In the investment market, success rate is always a topic that cannot be ignored, especially in contract trading. For example, if you win 7 out of 10 bets, but lose 3 times more than you win 7 times, you have a 70% success rate. But what is the use of such a high success rate? Sometimes, even if 5 out of 10 trades are wrong, but you stop loss and take profit reasonably, the result is profitable. Which one do you want?
Therefore, the success rate is a false proposition. The charm of contract trading is to make a small investment for a big return. With a stop loss of four or five hundred points, you can get a profit of three or four hundred points. It is a joke to want to make money in the trading market with this success rate.
The more you pursue success rate, the more you lose profit rate, and the more you pursue profit rate, the lower your success rate. The profit of gambling in the market is not the number of times you are right, but how to increase the stakes when you are right and make the right run, and how to stop the error from spreading when you are wrong. The financial market is never about old people making money from newcomers, but about wise people making money from fools!
03
Cryptocurrency market analysis
The market has entered a short-term downturn, and there should be another rise after the adjustment.
In the 30-minute trend, the three-stage rise since 24781 ended. The whole wave of correction began at 31471. The support below is around 29500.
The short-term long-short dividing line is 30,600. If the price is below this level, it is believed that the adjustment will continue.
Next opportunity: After the 30-minute adjustment, the third rise in the four-hour period. (Range set + multi-level linkage must refer to the stabilization of the maximum level).
In terms of operation, continue to look at the callback, below the long-short boundary, the adjustment is not over. If it stands above the boundary in the short term, you can consider chasing it.