Analysis of the currency market decline: dual factors of macro and technology
The recent decline in the currency market can be attributed to the dual influence of the macro environment and the technical aspects:
Macro perspective: The last round of soaring to a high of 7w was stimulated by sudden news such as Trump's shooting and Biden's withdrawal from the election, but it was accompanied by low trading volume and lack of a stable platform period, and the basis for the rise was not solid. In yesterday's interest rate resolution, Powell's dovish remarks did not change the market trend, and gold strengthened due to geopolitical factors such as Iran and Hamas. As a traditional safe-haven asset, gold attracted a large amount of capital diversion, which put pressure on the cryptocurrency market. Technical analysis: MACD daily level has a dead cross, indicating that the bearish trend in the future market is clear. The current resistance level is concentrated near 6.2w and 6w. Investors are advised to keep a short position and wait and see. Although there is room for further decline in the market, the amplitude is limited, and the price is gradually approaching a reasonable range. Once the price falls below 6.2w, it will theoretically be a good time to build a position. It is recommended to adopt a right-side trading strategy and wait for the trend to be clear before operating. #美联储何时降息? Follow me, live broadcast every day, one-on-one guidance, even novices can master the code of wealth, find me to see my personal profile and communicate 𡝗👉 Public/account Search: Encrypted Riding the Wind #美国政府转移BTC #比特币大会 #美国大选如何影响加密产业? #超级央行周
Cryptocurrency Circle Outlook: "Golden Pit" and Risk Response under the Expectation of Fed Rate Cut
It is expected that the Fed will implement a rate cut in mid-September, and a "golden pit" for gold investment may appear within a month before and after. From now until the end of September, the market may face rising "black swan" risks in about two months. When the US economy is under pressure, interest rate cuts are often a response, leading to outflows of US dollar assets, seeking undervalued assets globally, and suppressing the prices of US dollar financial products. During this period, domestic financially fragile companies may expose problems and trigger emergencies.
Investors should be alert to market fluctuations in the next two months, calmly evaluate the timing of interest rate cuts, and take advantage of pullback opportunities to strategically buy the bottom. The bull market is ever-changing, and strategy is the top priority. If you feel confused, follow this account to get the essence of bull market spot layout, contract strategy, etc. for free. #美联储何时降息? Follow me, live broadcast every day, one-on-one guidance, even novices can master the code of wealth, find me to see my personal profile and communicate 𡝗👉 Public/account Search: Encrypted Riding the Wind #美国政府转移BTC #超级央行周 #比特币大会 #美国大选如何影响加密产业?
Cryptocurrency Circle Warning: USDT running points for money laundering, four people sentenced!
Coinsradar.net reported that the Dong'an County Court recently sentenced a USDT running points for money laundering case. Guo and four others were sentenced to one to four years in prison for concealing and hiding the proceeds of crime, and fined between 4,000 and 40,000 yuan.
Case review: In June 2023, Guo used Telegram to collude with online users to engage in running points for money laundering in order to make huge profits. After his bank card was frozen for fraud, Guo recruited Chen and three others to buy 44 bank cards, committing crimes across multiple locations, involving more than 860,000 yuan in turnover, and 33 related telecommunications fraud cases, causing the victim to lose more than 550,000 yuan. The funds flowed back to the upstream crime by purchasing USDT.
The court determined that the four defendants' actions constituted the crime of concealing and hiding the proceeds of crime, and they were severely punished in accordance with the law to serve as a warning to others. #美联储何时降息? Follow me, live broadcast every day, one-on-one guidance, even novices can master the code of wealth, find me to see my personal profile and communicate 𡝗👉 Public/account Search: Encrypted Riding the Wind #美国大选如何影响加密产业? #美国政府转移BTC #比特币大会 #超级央行周
Last night's live broadcast accurately predicted that BTC confirmed the second sell within 30 minutes and broke the previous low. This morning, it was verified that the technology sector also started to rebound as expected. The highlight is Nvidia, which soared nearly 13% overnight, and its market value soared by 329 billion US dollars, setting a record for the largest single-day increase in history. The increase in market value is equivalent to the sum of Alibaba and Meituan, shocking the market. #美联储何时降息? Follow me, live broadcast every day, one-on-one guidance, even novices can master the code of wealth, find me to see my personal profile and communicate 𡝗👉 Public/Account Search: Encrypted Riding the Wind #比特币大会 #超级央行周 #美国政府转移BTC #美国大选如何影响加密产业?
Extreme market warning: Tonight at 20:15, the US ADP employment data will be announced; at 2:00-2:30 in the morning (August 1), the Federal Reserve's interest rate decision may lead to a rate cut storm. The current market manipulation strategy has turned to extremes, unilateral market conditions have frequently appeared, and both ups and downs have been rapid and without callbacks. The entry strategy needs to be carefully laid out, and the points, stop losses, and positions need to be closely coordinated.
Strategy points: concentrate firepower, fight on a single battlefield, synchronize global markets, do not miss information, and make accurate decisions to win.
Follow me, live broadcast every day, one-on-one guidance, even novices can master the wealth code, find me to see my personal profile and communicate 𡝗👉 Public/Account Search: Encrypted Riding the Wind