Normally, the rise and fall of the US dollar index and US stocks or the cryptocurrency circle should be opposite, but this September rate cut is very annoying, because a 25 basis point rate cut is considered a regular rate cut, which means that the US economy is still good, but a 50 basis point rate cut feels a bit like a recession.
So when the unemployment rate continued to rise, investors were actually a bit pessimistic, especially after the Sam rule was triggered, the US dollar index fell sharply, which is a kind of trading recession. Later, starting from yesterday's CPI data, it felt that the core CPI was still quite high, and inflation might still be quite troublesome, plus the fear of recession, so the expectation has been reduced from 50 to 25, but this reduction is due to the fear of inflation.
As of today, the retail data is good, and the manufacturing data is so-so, but it means that the possibility of a recession in the short term is lower, so the Fed does not need to aggressively enter a 50 basis point rate cut, which is relatively good for the US economy, so US stocks and#BTCand#ETHare all rising.
But because the probability of a 50 basis point rate cut has been reduced, and there is no possibility of a short-term economic recession, the Fed will most likely not cut interest rates aggressively, so the dollar has begun to rebound. #BTC☀ #ETH🔥🔥🔥🔥
Let's talk about the valuation method of the currency circle
My conclusion is that only things without benchmarks are good things. Why are the prices of many new coins on the market almost the same as after they are launched?
Because there are benchmark assets, for example, when STRK is launched, the market and FDV of ARB and OP can be used for benchmarking, and when ZK is launched, STRK can be used for benchmarking.
For example, the market value of TIA, which is known as the latest modular blockchain leader, is only a few billion at most, because it can still be benchmarked. How to play is also one of many expansion plans.
You will find that technology and data are getting more and more powerful and more beautiful, but the market value and valuation are getting lower and lower. ETH is not as good as BTC, but ETH is much better than BTC. SOL is not as good as ETH, but ETH's market value is much higher than SOL.
The core is that as long as you dare to say that I am surpassing and correcting someone, you will naturally have a tight ring on your head. Therefore, Cao Pi's value in the game can never exceed Cao Cao, but is Cao Pi really weaker than Cao Cao?
You will find that many people predict the engine of the next bull market, such as new DEFI, more fun GAMEFI, better prediction market, etc. If this is the case, the growth rate of the currency circle can only be lower and lower, and the narrative can only be more and more lacking.
Improved things are never interesting to the capital market. Only those that have never been seen, are brand new, imaginative, and have not yet verified their actual value are worth speculating.
So in this round, how many people have you heard of making a lot of money playing GAMEFI? How many people have made a lot of money playing DEFI? Only those who play Bitcoin ecology and MEME can make money.
In the currency circle, you must have capital thinking. There are many positive factors, but you must distinguish whether it is favored by capital and whether it is on the narrative point. Otherwise, you will become an old leeks who can neither make money nor lose money in minutes. #BTC☀ #ETH🔥🔥🔥🔥
The Bank of Nasional (BoG) has proposed new digital asset regulatory measures following an extensive internal review of Bitcoin, USDT and other cryptocurrencies.
The Central Bank of Ghana has released draft guidance on digital assets and is seeking feedback from the public and industry stakeholders on upcoming cryptocurrency regulations.
According to the Bank of Ghana, data collected over the past three years shows a significant increase in demand for cryptocurrencies in Ghana. #BTC走势预测
The preciousness of the main body of cryptocurrencies, including Bitcoin and Ethereum, the delayed consequences, the provocation of a new round of cryptocurrency liquidation, the main body of large currencies, and the market of the big market.
The delayed consequences, the provocation of a new round of cryptocurrency liquidation, the main body of large currencies, and the market of the big market. The price of Bitcoin is 3%, and the current price is $57.787. At the moment of restart, the price of Ethereum is $2.547, and the price is $2.547. The Coingecko data is as follows.
For a period of time, other major currencies such as Solana and Dogecoin can be used.
The price of Bitcoin is 3%, and the current price is $57.787. At the moment of restart, the price of Ethereum is $2.547, and the price is $2.547. The Coingecko data is as follows. For a period of time, other major currencies such as Solana and Dogecoin can be used.
In the last 24 hours, the liquidation results of the supermarket were $176 million, which led to an increase in the volatility of Coinglass, which in the last 24 hours was $98 million.
The value of Ethereum has reached $59 million and was liquidated before the end of the year, and the value of Bitcoin has reached $50 million. The volatility of the increase in the last 24 hours, which in the last 24 hours was $98 million.
The value of Ethereum has reached $59 million and was liquidated before the end of the year, and the value of Bitcoin has reached $50 million. #ETH🔥🔥🔥🔥 #BTC☀
The reasons for the sharp drop in BTC in the past six months are as follows
Phase 2: August 1-5, 2024 (BTC fell by about 22%, Nasdaq fell by about 5%)
Why?
1. The US non-farm data was lower than expected, triggering the Sam rule and panic in the global market;
2. The Japanese central bank raised interest rates beyond expectations, the yen carry trade reversed, the liquidation led to market deleveraging, the exchange rate loss compressed overseas profits, and liquidity decreased;
What is most worrying now is not the decline of Bitcoin, but that almost everyone is bearish on the US stock market, and many people believe that the US stock market is about to collapse. US debt has reached an alarming level, and the United States seems unable to repay its debts. Not only the remarks on the Internet, but even those "old money" who hold a lot of wealth have begun to sell their stocks.
However, the strangest thing is that if you look back at the time of these bearish remarks, as short as a few months ago, as long as a year or two ago, some people have already begun to predict that the US economy is about to collapse, and even provided a lot of data to support their views. But judging from the Nasdaq and S&P indices, they continue to set new historical highs. What does this mean? #BTC走势预测 #比特币有助于解决美国国债危机
Analysis of the midday trading on August 16——#BTC☀ $BTC The market is the result of capital game, and news can only explain the market. For example, the good employment news last night caused the cryptocurrency market to fall, while the US stock market rose sharply, and the cryptocurrency market plunged in the early morning, catching Asians off guard. Analyze the current market: The decline last night formed a structure. The long-term outlook is still volatile, but there are opportunities in the short term. If the volatility falls and breaks the low point again, it will be a good buying opportunity. Fast in and fast out cannot be a pattern
The prediction error of Dabingzi is a bit large, but the 15-minute wedge is not very accurate. The upward pullback is a little bit stronger, which may be affected by the news. It actually reached the high point I predicted and then started to hit a low point. The low point I predicted was around 56,800, but it hit 2.6w, which is in line with the prediction, so the error is a little bit larger.
Next, there will be a small-level pullback. In addition to touching the strong support, there is also a divergence at the hourly level, so pay attention to the strength of this pullback. The upper pressure line is around 5.92w. If you receive a long order, you can set a break-even or you can pocket it in batches. If you don’t get on the train, wait for the next opportunity! #BTC☀ $BTC
BOB co-founder Alexei Zamyatin tweeted that Bitcoin scaling developers have released a new white paper on the second version of the Bitcoin virtual machine, BitVM2, and the updated BitVM Bridge.
The white paper details the latest achievements in improving transaction efficiency within the Bitcoin network by improving transaction processing capabilities and, in some cases, updating encryption methods.
The white paper states that the main goal of BitVM2 is to increase Bitcoin's transaction capacity without modifying Bitcoin's core code or principles such as decentralization. BitVM2 introduces a permissionless system that allows any user to question suspicious transactions.
In addition, the white paper mentions improvements to BitVM Bridge, focusing on reducing capital requirements and shortening asset lock-up periods, which support cross-chain between Bitcoin and Rollup. #BTC☀ #美联储何时降息?
#ETH🔥🔥🔥🔥 1H Chart cycle: 1H Main trend: oscillating decline Key support: 2520, 2400 Key resistance: 2620, 2660 ----------------------------------- Fall to 2513 before the low point rebound Rebound potential pressure level 2620, 2660 If there is a weak fluctuation Pay attention to the risk of continued decline The next target is still the 2400 range
After the fall, KOLs began to reflect, and everyone began to withdraw from the circle.
According to this trend, the reflection in November should be even more intense. Those who withdrew are all unqualified speculators.
Did everyone come to build the crypto industry with dreams? Did everyone suddenly feel that the industry had hope when it was rising, and that they were not speculators but idealists?
An early financial market with huge volatility, here there is a fast and secure trading system, with blockchain as data guarantee and smart contracts to ensure execution. This is the most efficient financial market in human history, and this is the essence of the crypto industry.
As a financial industry practitioner, there is no control over risks, no expectations for fluctuations, and no preparation for price drops. So what kind of finance do you do?
After the fall and loss, they appeal to the meaning and say that this industry is meaningless. It seems that the meaning of blockchain has been falsified from the root, and their own incompetence has been relieved.
What is the meaning of the financial industry? What is the meaning of securities? Why do people price securities? 5% is due to financing needs, and 95% is due to speculation.
But it is speculators who form liquidity, drive debt cycles, and accelerate the application of technology through capital, and thus bear huge risks and losses.
Why is the Crypto+AI narrative so popular? Because Crypto is competing for the right to participate in the financial market through emerging technology industries.
Why is meme so popular? Because Crypto is pricing narratives and creating a narrative securities market. Ethereum is the largest narrative trading market on the chain, and may also be the largest narrative financial market in the world. This is the essence of meme.
If you can't understand these, then you will be happy when you make money and curse when you lose money. How can you grow? If you come in to try your luck when it rises, and if you lose money, you will quit the circle. How can you make money?
The crazy increase in Crypto in the early days brought a large number of people with mismatched cognition to the industry. These people will be eliminated in the violent shocks and declines. Don't be the one who is eliminated, whether in terms of funds or cognition. #Crypto🚀🚀
US stocks surged yesterday, but Bitcoin fell all the way. I guess many people are confused~ It turns out that the US government transferred the previously secretly transferred coins to Coinbase yesterday, which is worth 600 million US dollars. The US government is crashing the market again! ! ! Since Trump said at the Bitcoin Conference that he would not allow the US government to sell Bitcoin after his election, the US government rushed to sell Bitcoin before the election! ! ! It will continue to sell in the future, after all, there are more than 10 billion US dollars in Bitcoin! #美国CPI数据连续第4个月回落 #美国7月PPI低于预期
The crypto market is a big dye vat, but Bitcoin is the only one that is not stained by dust.
Because it is the lonely king, all the noise will be drowned in the K-lines.
The red area in the picture below is our current location. In this picture, we are on the mountainside, and there is still a long way to go from the light yellow mountaintop.
Take a break when you are tired, and keep going when you have rested enough!
As a lonely trader, every road up the mountain is lonely. The only thing that can accompany you is the big cake. It has not given up. Do you want to give up?
It is not recommended that you try professional trading easily. 1. If most people want to make a profit through trading, it is difficult to achieve stable profits without more than 3 years of precipitation and day-to-day persistence. Geniuses are very rare, and being able to start from scratch is the only criterion for judging geniuses. Most people lose money and then lose money, then get into debt, and then quit the circle.
2. The market is boring most of the time and cannot make a profit. Those who want to make some pocket money in the market every day often lose a lot of capital. However, if professional trading continues for a period of time without income, most people's mentality will explode.
3. Hope is an antidote and also a poison. Many people with small funds encounter the market rolling up quickly, but lose it back faster. However, once there is hope for rolling positions, the pace of trading will never slow down, and rationality will only be suppressed, and then one day will go from floating profit to capital preservation, and then to loss.
4. Without a stable source of income, there will be an innate sense of insecurity. The anxious state will definitely not allow rational trading, and always want to gamble. #ETH🔥🔥🔥🔥 #Btcoin
According to SoSoValue data, yesterday (August 15, Eastern Time), the total net inflow of Bitcoin spot ETFs was $11.1116 million. Yesterday, Grayscale ETF GBTC had a net outflow of $25.0328 million. Grayscale Bitcoin Mini Trust ETF BTC had a net inflow of $13.6628 million. The Bitcoin spot ETF with the largest net inflow yesterday was Fidelity ETF FBTC, with a net inflow of $16.2469 million. #etf以太坊
Through on-chain investigation, 51 suspected Eigen Labs employee addresses were found, with a total of 487,933 ETHFI, 1,964,838 ALT and 1,335,090 REZ, with a peak value of more than $5.5 million.
The sales rate of ETHFI, ALT and REZ airdrops for these addresses was about 40%. In the comparison between the results of the investigation and the CoinDesk investigation, the number of ETHFI airdrops obtained by suspected Eigen Labs employees was basically the same, with more ALT and less REZ.
EigenLayer said earlier that there was no discovery or evidence that any employee of Eigen Labs put pressure on any team to make a profit, and pointed out that it had already eliminated any incentive imbalance for its employees in future airdrops by changing internal policies in May. #ALT再质押生态 #REZ #ETHFI🔥🔥🔥
Daily market analysis - $ETH The reference period is 4H. At present, the price has rebounded after falling to the lower boundary of the box. At present, the main idea is still to oscillate within the box, and the upward target is still the upper boundary of the box. The expectation of rising is based on the price not falling below the lower boundary of the current box. If it falls below, it is not recommended to continue to hold short-term long orders. #ETH🔥🔥🔥🔥 $ETH
The just released US July retail data, with a monthly rate of 1%, significantly exceeded expectations and the previous value, and the core retail monthly rate also exceeded expectations.
At the same time, the number of initial unemployment claims that week was lower than the previous value and expectations. It is also very clever data. The strong retail data means that the US economy is still very strong, and the slightly lower initial unemployment claims further dispel the concerns about recession.
At least until next month's data, the market should no longer be entangled in whether there is a recession. It is also the baseline judgment of the US economy in 24 years that some indicators may weaken, but it is far from a recession.
Coupled with the inflation data of the previous two days, the probability of a 25 basis point interest rate cut in September has greatly increased. The fundamentals of the economy are strong, and the pace of interest rate cuts will also ease if inflation goes down.
The limited easing mentioned before in the next one or two years has also become the baseline scenario. #美国CPI数据连续第4个月回落 #美国7月PPI低于预期