In the July season, you must understand the market to play the market On June 15, the debt of country M has reached or even exceeded US$32 trillion, and the current outstanding debt continues to increase by US$246 billion. On the occasion of this financial report, it may continue to grow. Looking at the data, the PCE index has dropped below 4% after two years. The PCE index in May increased by 0.1% month-on-month and 3.8% year-on-year. The overall data in line with expectations also relieved the market. This index also Closely related to the market, it shows that household spending in country M is slowing down. For the Federal Reserve, slowing consumption and slowing inflation are welcome news. Although these developments are unlikely to change the recent political path, after all, interest rates still need to be Further rising, after the latest PCE data appeared, the interest rate hike expectations reflected by CME fell back, from the previous 33% to 28.8%. The overall market sentiment is still developing as expected, and this month’s interest rate hike is still important.
Is there still room for downside for BTC? Before it went up to 28800, it was mentioned that when it reaches 30000, it must go to 30900. The current consolidation situation is also digesting the 31400 range. From the four-hour conclusion, we can see that the short-term support is at 29750. In order to avoid a sharp decline, it is recommended Focus on defense. I personally expect to start making plans around 30050 with a target of 30600. Macro data: U.S. dollar index and current market As the end of the quarter approaches at the end of the month, traders are rationally facing the wait-and-see approach, which may also provide support for the U.S. dollar. Friday’s data comes amid unexpected interest rate hikes and hawkish comments from global central banks. Released later, these have reignited concerns in the market that policymakers still have some way to go in tightening policy to curb inflation, potentially even tipping the economy into recession. As it happens, the opposite is true for the USD Index and BTC #BTC
ETH is consolidating below 1900, and many people are worried about it. The following is my opinion ETH has fallen from the resistance of 1900. If it clearly breaks the support of 1800, it may continue to touch 1650. Currently, ETH has been clearing the resistance level of 1900-1920. Looking at the hourly line, a major trend line is forming, with the resistance level near 1855. It is still difficult to clear the 1900 area based on the recent situation. It is currently starting a new climb from the 1775 area to the resistance of 1850, but the bearish forces have been in the 1900 area, which has formed a strong The next major support is near 1800. If the 1800 support level is broken, the price may move towards the 1740 support level. Any more news could push the price towards 1700 or even 1660 levels in the coming trading days. It is now 1831 and my best is at 1850#ETH
What benefit does it have for OP to complete Bedrock’s update? First, the update brings new changes to the network by lowering network fees and eliminating all gas costs associated with EVM execution when submitting data to L1 In addition, L1 reorganization function has been added to the node software, which also greatly reduces the time users wait for deposits, in addition to improving node performance, taking all factors into account However, we can see that OP’s price is declining every day and every week. With the release of new updates, it did not meet many people’s expectations. The price of OP fell 8% in 24 hours, but the transaction volume continued to increase. The first The impact is the SEC event, the second impact is OP unlocking, unlocking increases the circulating supply However, many people have not noticed that whales have declined significantly towards OP. Another factor is OP’s network growth, which has been declining. The next unlock will be on June 30. Please pay attention to the fluctuation. I will continue to pay attention to the dynamics #op
The overall events of the past few days and people’s panic On Monday, the gaming industry received shocking news that An and its CEO Changpeng Zhao "CZ" were sued by the Securities and Exchange Commission (SEC) of Country M. The SEC announced a second lawsuit against Coinbase on Tuesday and asked a federal court later in the day to grant a temporary restraining order to freeze assets related to Coinbase, but the market, led by Big Pie, shrugged off the SEC's enforcement. There was a rebound due to the action, including ARB ALPHA KAVA that I follow So what could be the reason for the unexpected rebound? My analysis is that due to the waterfall in the early hours of yesterday morning, many people were increasing their bargain hunting. Just after everyone gave up on this direction, the big V Tianlong appeared. Avoiding mainstream hype is a typical method that reverse players can use. It is not clear at present. Is the stage a dead cat reversal, or is it a sign of resilience that the market is not intimidated by the current situation? #BTC #ETH
Follow KAVA Why did you mention this KAVA? First of all, the fundamentals: KAVA is considered the fastest among V in this incident, and is considered a strong type. Second news: Kava is partnering with Multichain to resolve bridging path issues to resolve ongoing bridging path issues affecting wBTC, wETH, USDC, USDT, and DAI. Multiple layer-1 blockchains, including Kava itself, are interacting with Multichain to resolve this issue Second, the KAVA13 mainnet upgrade is completed (many people know about the upgrade, but it has been delayed) How high can KAVA reach expectations? My current benchmark is set at 1.4 Seize the opportunity and look at the individual #BTC #ETH #kava
The market's focus is on whether interest rates will be stopped in June and whether interest rates will be cut. At the same time, it will have an impact on whether the Biosphere is good or bad. From my point of view, the conditions for interest rate cuts have not been met at present. The first one is There has been a substantial tightening of financial conditions. The current situation of banks is not as serious as everyone said. It has reached a lack of credit cycle. Secondly, inflation has begun to fall. As you can see from the non-agricultural data, it is still at a high level. Neither of these two conditions Satisfied, regarding the impact of the green circle, I said yesterday that the lack of waterfall situation after the interest rate hike was determined has formed the following signal. Currently, we are focusing on three positions, 1868-1921-1964, and the specific short-term goals will be announced at that time #ETH
(Continued from the previous article) I said that whichever one can be more complete and more practical for the people, then the market will not be small. This is why many big players are rushing to invest in SUI. Third: The gas cost is low. All its gas costs are SUI, which is used to reward participants of the proof-of-stake mechanism and prevent spam and denial of service attacks. SUI's strategic partners, Coinbase, a16z crypto, An, and a series of other big names The above is just an introduction to it. Everyone is more concerned about when it will enter the market. I will keep paying attention to this SUI, waiting for the space to be digested and unlocked, and gradually burying it. It is even stronger than ARB and ID. Next, I will continue to focus on SUI. I'm making a fuss. Friends who are still waiting can pay attention to my location.
SUI has attracted a lot of attention recently. After it goes online, will it continue to rise similar to ARB and ID? What price is the ambush point? First of all, understand SUI and whether it is worth believing in. The principle of building SUI is to solve the problem where a large number of users can completely control their assets without an intermediary and achieve complete decentralization. First: SUI is a separate system. Simply put, it is Android and Apple systems. It is not compatible with ETH, but its trading system and safety factor are not as safe as SUI before ETH is upgraded. One of its advantages Second: SUI's chain mainly focuses on Web3, which has high scalability. Currently, no one can be more complete and more convenient than SUI in the Web3 field. This is the biggest benefit to Web3. Ecologically, its cost, Composability and transparency are both what most users crave (see below)
What do you think about the 25-point interest rate hike? This is the tenth consecutive time that the Federal Reserve has raised interest rates, reaching the highest level since March 2001. The cumulative increase since the March cycle last year has reached 500 basis points. Looking at the CPI data, the consumer index rose by 5% in March, compared with the previous value. It has fallen back, not as expected, but still higher than the Fed's 2% target. The economy continues to maintain a state of neither slow nor fast. Lao Bao said that the current inflation rate continues to be higher than the target, and interest rates will continue to rise in the future. This 25 basis point interest rate hike will be negative for the banking market, and banks will face greater pressure. However, you can see that the banks that have experienced thunderstorms in the past have basically dealt with it very quickly. It is impossible to say that the economy of country M has stopped functioning, but From the perspective of Big Pie, it does not fall but rises. This has already given the signal behind. Personally, the 1885 position is the best choice.
VGX, what is the situation, has been reflected on the disk The specific position I recommended has gone up by 24%. Where can this wave of good news go? Pay specific attention to the latest official developments of VGX News also needs to be judged, rather than blindly pursuing it after seeing it accurately
HOOK recommends first hand, defining Web3, Binance Chain HOOK adopts Web3 on a large scale to form the entrance layer of the future community economic ecosystem. The goal of Hook's first phase is to first build a crowdsourcing application with a built-in incentive mechanism. Through the combination of entertainment applications and incentives with gamification experience, it guides users outside the circle to smoothly enter Web3, making Dapp more widely used. Reason for recommendation: Recently, CZ has focused on planning for future construction on Web3. Secondly, HOOK has not experienced a round. Awesome, and HOOK is building Web3 on a large scale. I will look at 3 in the short term. Follow me when it will be launched. I will let you know that there will be news announced soon! !
The VGX incident will be announced soon tomorrow. If it is good for VGX, it will not be surprising if it can explode by 40%. It is true that the bigger the storm, the more expensive the fish. I will do something first.
RNDR Render Network® is the leading provider of decentralized GPU-based rendering solutions, revolutionizing the digital creation process. This is the original introduction, followed by a look at the team behind RNDR, founded in 2016 by OTOY CEO Jules Urbach as the next step in his dream of an open metaverse. With its headquarters in Los Angeles, California and a team all over the world, this news is also the basic pillar for the team to obtain US$13 million, which indirectly benefits RNDR. From the daily perspective, it is a bit chasing. Once again, news is always better than technology, but Whether the news is worth buying or not needs to be judged. Aim high.