Trump just said in a CNBC live broadcast that since he took office, prices of everything have been falling, implying a decrease in inflation, but there is one thing that keeps soaring, can you guess what it is? Haha, US stocks and Bitcoin! $BTC #加密市场反弹
BTC has been falling continuously for a while after breaking through the range consolidation. Currently, there are signs of a bottoming out in the smaller time frames. Attention should be paid to the pressure line where support has turned on the lower edge of the range above. Only by breaking through this position can it return to the range. The short-term plan is to consider entering long positions in the 113000-114000 range. I believe that the 123,000 mark for Bitcoin is not the peak of this bull market. Be sure to manage risks; this is for reference only, and profits and losses are the individual's responsibility.
Non-Farm Payroll Data and Subsequent Impact Interpretation - Non-Farm Payroll Performance: The non-farm payroll data released last Friday fell short of expectations and was even below the worst-case scenario (below 80,000). - Market Reaction: - US stocks declined, with the Nasdaq dropping 2 points, as the market had already priced in the benefits of two anticipated rate cuts, and the poor data raised concerns about a recession in the US economy, which could lead to decreased earnings for listed companies and subsequently lower stock prices. - US Treasury yields rose, as they had only priced in 40 basis points (just over one rate cut), indicating underpricing, and the release of the data confirmed the benefits. - Major cryptocurrencies, such as Bitcoin and Ethereum, stabilized after a decline, reflecting the impact of the non-farm payroll data. #加密市场回调 #美国初请失业金人数
The US July ISM Manufacturing PMI released last night was 48, lower than the expected 49.5, marking the fastest contraction in nine months, and the employment index hit its lowest point in over five years.
Although the data appears to indicate stagflation, I believe it’s not that serious. The market was overly optimistic before, as seen when the US Dollar Index broke 100, which indicates a bit of floating. The US economy is indeed not bad, but a slowdown is a fact.
After last night's data, the US stock market is set to enter a correction, with support levels for the Nasdaq at 20500 and 20000,
US Treasury yields rose, with the 10-year yield returning to 4.23%. The market is breathing a sigh of relief, as there will be another 3-4 trillion in Treasury bonds to issue in August. A yield of 4.5% is an important threshold; if it breaks, US Treasury bonds will be worth watching #加密市场回调 #美国初请失业金人数 .
A miraculous scene appeared in the U.S. non-farm payrolls, not only did the 73,000 jobs fall short of the expected 103,000, but the even more exaggerated downward revision of 90% for May and June data, approaching 0 growth, directly shattered the Labor Department's 'brand'
This left economists and Wall Street dumbfounded, as 70% of economists this year believed there were issues with the non-farm data, and this time it was fully substantiated, all the data was fabricated, and all the previously serious analysis can be thrown into the waste paper pile
At the same time, Bowman and Waller, the 'two wolves', openly called for interest rate cuts, providing detailed analysis from the perspectives of inflation and employment, directly pressuring Powell
Other committee members also began to waver, with Hammack and Bostic respectively stating that this data is of great significance
And then there's the 'Understanding King', no need to say more, continuing to call for the Federal Reserve Board to 'take over' #加密市场回调 #美国初请失业金人数
In this round of operations, the BTC short was really poor, entered the short too early, didn't take short-term profits, got greedy, wanted to ride a long wave, went from deep in the red to profit, currently reduced my position by more than half. The BNB position at 845 points really was a good catch, give myself a thumbs up. Although I didn't short ETH at its peak, at that time BTC was still in the red, didn't have the energy to short. After seeing the trend drop, I entered a short position. August has still been friendly to me, let's keep going, good luck in the second half of the year #加密市场回调 #美国加征关税
How long has the short position on BTC been held? The short position made a profit today, and several other short positions also made a substantial profit today, haha.
In a narrow path, the brave prevail. I can't help but lament that I was also a bottom buyer this round, and yet I ruined a good opportunity for myself. Started buying ETH at 1400, and immediately it reached 4000. I missed out on so much. I really want to slap my thigh. This round, those who chased the buy at 3000 also made some profits.
Aiming for 130,000? BTC? The enthusiasm remains high, the sentiment is still strong. In this round, there were mistakes, shorting too early missed many profit opportunities.
Recently wrote an article about Soft Staking: Let your cryptocurrency 'earn while lying down' What is Soft Staking? Soft Staking is a digital asset management model that allows users to automatically earn additional income by holding specific cryptocurrencies without affecting asset liquidity. Compared to traditional Staking, Soft Staking does not require locking assets, allowing users to keep tokens in their spot account, trade or withdraw at any time while enjoying daily or periodic interest income. This model is similar to traditional bank demand deposits or 'Yu E Bao', but is aimed at the cryptocurrency market, designed to provide passive income for holders. How to activate Soft Staking? The process of activating Soft Staking is very simple. Taking Binance's Soft Staking as an example, here are the specific steps: 1 Register and log in to your account: Ensure you have registered and completed identity verification on a platform that supports Soft Staking (such as Binance). 2 Hold supported tokens: Hold supported tokens in your spot account, such as BNB, SOL, SUI, NEAR, etc. 3 Enable Soft Staking function: Log in to the platform, go to the 'Wealth Management' or 'Soft Staking' page, and click the 'Activate' button. Usually, it only requires one-click operation, and the system will automatically identify the eligible tokens in your account. 4 Automatic income: After activation, the platform will distribute income to your account regularly (usually daily or weekly) based on your held tokens and their annualized yield. Income can be checked at any time, and some platforms like Binance will automatically settle at 8 AM every day. 5 Flexible operation: No need to redeem or unlock, tokens in the account can be used for trading or withdrawal at any time, providing high flexibility. Specific operations may vary by platform, and it is recommended to refer to the official platform website or help center (such as Binance's Soft Staking guide). Benefits of Soft Staking 1 Low threshold and high flexibility: 2 Passive income 3 Low risk: 4 Diverse sources of income: My usage experience As a cryptocurrency enthusiast, the overall experience is very user-friendly. I hold a small amount of BNB and SOL, and after activating Soft Staking, I can see small interest credited to my account daily. This 'zero operation' passive income is very hassle-free. #softstaking
Recently wrote an article about Soft Staking: Let your cryptocurrency 'lie down and earn money' What is Soft Staking? Soft Staking is a digital asset management model that allows users to earn additional income automatically by holding specific cryptocurrencies without affecting asset liquidity. Compared to traditional Staking, Soft Staking does not require locking up assets; users can store tokens in their spot account and trade or withdraw them at any time while enjoying daily or periodic interest earnings. This model is similar to traditional bank savings accounts or 'Yu'e Bao', but it targets the cryptocurrency market and aims to provide passive income for holders. How to activate Soft Staking? The process of activating Soft Staking is very simple. Taking Binance's Soft Staking as an example, here are the specific steps: 1 Register and log in: Ensure that you have registered and completed identity verification on a platform that supports Soft Staking (such as Binance). 2 Hold supported tokens: Hold the tokens supported by the platform in your spot account, such as BNB, SOL, SUI, NEAR, etc. 3 Enable Soft Staking feature: Log in to the platform, go to the 'Wealth Management' or 'Soft Staking' page, and click the 'Activate' or 'Turn On' button. Usually, it only requires one-click operation, and the system will automatically identify the eligible tokens in your account. 4 Automatic earnings: After activation, the platform will periodically (usually daily or weekly) distribute earnings to your account based on the amount and annual yield of your holdings. Earnings can be viewed at any time, and some platforms like Binance will automatically settle at 8 AM every day. 5 Flexible operation: No need to redeem or unlock; the tokens in the account can be used for trading or withdrawal at any time, providing high flexibility. Specific operations may vary by platform, so it is recommended to refer to the official platform website or help center (such as Binance's Soft Staking Guide). Benefits of Soft Staking 1 Low threshold and high flexibility: 2 Passive income 3 Low risk: 4 Diversified sources of income: My experience As a cryptocurrency enthusiast, the overall experience is very friendly. I hold a small amount of BNB and SOL, and after activating Soft Staking, I can see a small amount of interest credited to my account daily. This 'zero operation' passive income is very worry-free. #softstaking