The area around 80 is the dividing line between bulls and bears for this cycle. It's normal for it to briefly break through; it doesn't matter. If the solid line goes down to 7 or even 6, it means that both the US stock market and the B circle are heading into a bear market. $BTC
What category of player do you belong to in the crypto world? Top players earn Bitcoin, second-tier players earn USDT, Third-tier players mess around with altcoins, and fourth-tier players are reckless gamblers, using 20-100x leverage all day, losing everything and getting liquidated, then they go around the world being haters and trolls, cursing heaven and earth and even their wives, and when they get angry, they even curse themselves. My current understanding of this market and investment strategy is: Bitcoin is in a perpetual bull market, continuously spiraling upwards, so don’t touch your Bitcoin spot holdings, when it dips 20-30%, buy low-leverage altcoins, when it goes up, sell the altcoins and continue to buy more spot, constantly increasing your Bitcoin holdings.
I'm going crazy 😂 Is it really this hard to find a web3 job? Either the salary doesn't match Or they want me to be based in North America I just want to stay honestly in Shenzhen Is it really that difficult? I don't believe it 🤨 Family, wait for my good news #web3兼职
Have you made money this cycle? Old investors know that in the last cycle, it was easy to make money; you just had to mindlessly buy altcoins and wait for them to soar! But what about this cycle? I believe many seasoned investors haven't made much money! Why? Because the last cycle was about expanding the industry, so Bitcoin could rise, and altcoins could rise too. This cycle is about refining the cake; every surge in Bitcoin will have some altcoin sectors following it up, and some may even rise more than Bitcoin. However, after this surge, the next wave will fizzle out. This cycle started with Ethereum Layer 2 rising, then artificial intelligence began to rise, and then it kept switching, constantly cutting! In the end, Bitcoin reaches new highs, and altcoins are left in chaos, with very poor profit effects! So, up to this point in the cycle, have you made any money?
8.0 This position is the adjustment limit of the most recent upward pattern; spot should be fully loaded at this point; 7.0 is the adjustment limit of the cyclical pattern, and this position should also be fully loaded at low multiples of 3-5 times; at 5.5 it is the black swan limit, and it can even be said to be the bottom of the next bear market, all the pots, bowls, tickets, and pans at home should be taken out to receive goods.
The "Carving a Boat to Seek a Sword" Series: Will the Bitcoin Trend Really Recur?
Hey, look, the current trend of Bitcoin is just like it was back in mid-June 2023, almost as if it were carved from the same mold.
First, let's look at the candlestick chart. Previously, it was swaying and fluctuating at a high position for several months, then there was a brief daily rebound on the MA120 line, but it didn't take long before it broke down again. Now, similarly, after some time of oscillation at a high position, there was a daily rebound at the MA120, followed by another downward movement, the trend is identical. Take a look at the multi-day CCI chart; it was a pullback pattern before, and now it is again, simply incredible.
After that wave of market activity in mid-June 2023, the Bitcoin price surged towards the middle track of the resistance line, even breaking the previous high during the fluctuations. Given the current situation, if the trend continues to align with the previous one, the Bitcoin price might really rise all the way to the upper line of the resistance line, and if it reaches that point, the price could break 110,000. This might just be another chance for everyone to "escape." However, on the flip side, the market can’t be predicted so simply; even though there are similarities, no one can guarantee the future will follow this script, so everyone should still be cautious. #BTC走势分析
Many founders work on projects with a single-minded pursuit of their vision, which is quite admirable. But for the community and ordinary people, this is of little use. Gaining community recognition of your values and working together towards a common vision is the key.
Many idealistic entrepreneurs issue assets on the blockchain, only to fall into PVP competition. There's no sympathy here, as all participants want 'bread' that can solve basic needs, not the 'refined arts' and other abstract pursuits.
In the past, VC groups would set up and launch on exchanges, relying on creating a high market value and deep trading pairs for long-term development. However, this has instead become a reason for subsequent declines, and it's no wonder they are labeled as 'scissors'.
It's worth reflecting: project parties feel the on-chain world lacks ideals and builders, while those on-chain feel project parties are unrealistic and quite cruel. Everyone has different thoughts; participants want to change their fate, while project parties discuss embellishing life.
This mutual misunderstanding is the biggest problem in marketing during this market cycle. The crypto world really needs more mutual understanding and faith.
I just struggled to get up from the chaotic dream and tried to sort out the truth of this mess, but when the words came to my mouth, I could only say: "Damn it!"
Who is this hacker organization that is so bold? Why did they choose $ETH after choosing from thousands of options? In this vast sea of coins, so many currencies are ignored, but they chose Ethereum, which is my largest position. 1.46 billion Ethereum coins were stolen out of thin air. Are you guys hiding in the dark and enjoying it?
Originally, the market of $ETH was like a candle in the wind, shaky and crumbling, but you guys are still stabbing it at this critical moment. Now, what should I do with the subsequent selling pressure? Do you really intend to watch the "Ethereum General" you call fall to the ground and never recover?
Maybe I should really make up my mind and go back to be a $SOL "Prince" honestly, at least I don't have to be exhausted by this sudden change like I am now.
The alarm bells ring: stay far away from contract trading!
Have you ever dreamed of getting rich overnight, considering contract trading as a shortcut to the pinnacle of wealth? Wrong! Contracts are by no means a shortcut to riches; instead, they are a carefully laid trap by the house, hiding countless dangers in a wealth grinder.
In the field of contract trading, tenfold or even hundredfold leverage seems to have the magical power to unlock massive wealth, seemingly allowing you to easily reach unattainable golden mountains. However, hidden behind this is a fatal crisis. Every slight fluctuation in price is no longer just a simple numerical change; it is like a sharp blade, accurately cutting into your assets and carving out your flesh.
BTC/Stablecoin Market Cap Ratio (SSR): Insight into the liquidity code behind the price!
The index is calculated by dividing the market value of BTC by the total market value of stablecoins (USDT, USDC, DAI combined). The resulting ratio reflects the market value multiple between the two, so it is also called the "Stablecoin Supply Ratio", hereinafter referred to as SSR.
Market value naturally has a bubble attribute. Just like a stablecoin with a scale of only 200 billion US dollars, it can support a cryptocurrency market of up to 3 trillion US dollars.
The SSR of BTC actually represents the ability of the current mainstream cryptocurrency in the market to draw liquidity from the "fund pool" of stablecoins. Imagine that many tokens in the entire cryptocurrency market are competing for resources, just like countries on the earth. Those who obtain more "resources" have relatively higher SSR.
This is similar to the price-earnings ratio of the stock market. However, cryptocurrencies generally lack their own profitability attributes, or profits account for a very small proportion of the market value, so they cannot be simply equated, and can only be roughly understood by analogy.
In short, in the cryptocurrency market, the higher the SSR, the more dominant the cryptocurrency is, which means more success. #BTC
The shock will eventually end and the direction will soon emerge! It's time to make it out, brothers. A rather strange phenomenon has appeared in the market. The funding rate is no different from the past ten days and has always remained at an extremely low level. Normally, when the funding rate is at such a low level, it is obvious from the liquidation map that there are signs of a large amount of short liquidity.
But the current situation is extremely abnormal. In the distribution of liquidation liquidity, the area with the largest total volume and the most concentrated area is actually the long liquidity area below the price. This means that while the shorts continue to lower the funding rate through hedging, the longs are also opening positions continuously.
Although not all short orders are used for hedging, the proportion of hedging in short orders cannot be underestimated. This game situation between the long and short sides makes it difficult for prices to rebound strongly or trigger short liquidation continuously in a low funding rate environment. In the past ten days, price fluctuations have been confined to a very narrow range and have always been in a state of shock.