富贵财经

Several ways for ordinary people to make money in the cryptocurrency circle and avoid pitfalls! !

First, honestly hoard coins, hold on to spot goods, and hold them for 3-10 years. Hoard the right target. No one will be poor. What target is the best target in the cryptocurrency circle, as long as you are in the cryptocurrency circle, you don’t have to choose at all. This seems to be the simplest, but in fact, no one takes this path, so the competition is the smallest. There is no such thing as any volume or internal friction. I don’t care about the rise and fall of the coin price at all, because it is too anti-human. I personally took this path. I think it is very suitable for me. It may be caused by my personality. I also made money by taking this path.

Second, take the currency standard as your asset standard. Use existing coins to participate in high-quality activities, such as the IEO of Binance Exchange. Bored Ape’s pledge. Liquidity mining, etc. can all make money, but this small fund is meaningless. It is suitable for large funds.

Third, it is to do transactions. Doing transactions is the most difficult, but it is also the most desirable for ordinary people, and it often feels the simplest. For example, to open a contract, just click the mouse, and a master will tell you what point to open an order. In fact, ordinary people can't make money, they are all used as fuel.

Fourth, participate in the hype of hot concepts, such as ETH Shanghai upgrade, it will pull, then you hype it up, such as APE has a pledge activity, predicting that the liquidity will decrease and the market will pull up, then participate. For example, LTC has a halving event, then go and participate. These are all hype based on events. I personally don't recommend doing contracts, only spot, and manage positions and stop losses.

Fifth, various activities, such as NFT new listings, whitelists. Activities in the primary market to receive airdrops, etc. These all require a little technical content. Ordinary people can also learn through learning.

Next, I will talk about the pit closing method.

In the financial market, if you are doing transactions, you must have your own trading system. I copied the system myself, and I left when it fell below the 60-day moving average, bought when it rose above the 60-day moving average, and sold when it was more than 25% away from the 60-day moving average. Take 25% as the profit stop point. If it is a copycat in a bull market, then it is the other moving average rules. There are many, many methods, but they must be simple. I also shared with group friends in the group how to copycat and how to sell.

What is PEPE?

In the chaotic world of memecoins, PEPE appeared like a meteor in April 2023, with a mission to completely change the rules of the game. Inspired by the high-profile Pepe the Frog meme, PEPE debuted in an unprecedented invisible way - no pre-sale, no transaction tax, and a bold burn of the initial liquidity pool. This move is not only about creating scarcity, but also about commitment-driven and barrier-free access to the community. From the day it was born, PEPE was destined to become a memecoin superstar in people's hearts!

From the initial innocent cartoon image to the current status of being closely associated with controversial culture, Pepe the Frog has undergone an unprecedented cultural transformation. However, in the world of cryptocurrency, Pepe has found a brand new identity. The memecoin uses the frog's widespread recognition and notoriety to its advantage, distances itself from past controversies, and focuses on building a positive and inclusive community. This transformation not only highlights the cultural icon's ability to reinvent himself, but also makes PEPE the uncrowned king of the cryptocurrency world!

PEPE Market Status

After its stunning debut in April 2023, PEPE quickly became a hot topic. Imagine that it took Dogecoin (DOGE) nearly four years to break through the $1 billion market cap, while PEPE achieved the same feat in just three weeks! PEPE's rise has not only dominated the headlines, but also spawned a large number of imitators and derivatives, each trying to get a piece of the magic of the meme.

Just last week, PEPE hit an all-time high of $0.000017256, pushing the meme coin's gains this year to a staggering 1000%! Data shows that more than 96% of PEPE investors have seen double or more gains on paper! This crazy craze for PEPE is jaw-dropping, like a tidal wave sweeping in, and it should not be underestimated!

The PEPE token has become the third token with a market cap of more than $7 billion (after Dogecoin and Shiba Inucoin), and it has risen by nearly 122% in May alone! As of the time of writing, the latest transaction price of PEPE is around $0.0000153, and the current market value is $6.405 billion, ranking 22nd in cryptocurrency! Ranked 3rd in the hot search list!

Summary and Analysis
In this round of bull market, although hot spots in the secondary market emerge in an endless stream, it also tests the timing ability of players.

Market Review Analysis

Yesterday, the big cake went directly to the 70,000 line, but the daily closing line did not stand firm at the 70,000 mark, so it is expected to continue to hit above 70,000 today. The upper range is currently unchanged at 70,000-72,000. The main barrier point is the 72,000 point breakout and is stable. Only by standing firm at this node can the upper space be opened to obtain a larger space value. The second cake touched the 3850 line again yesterday and stepped back. Yesterday, the second cake was weaker than the big cake. The second cake stepped back to the lowest support point of 3730, which was infinitely close to the support position of the 3720 line. Yesterday, the big cake rebounded strongly, and the second cake did not keep up. It was still digesting the previous wave of compensatory rises. So recently, let's see whether the rhythm of the second cake can keep up and stand firm at the 3850 line, thereby breaking the current market trend and standing firm at 3960 to get the latest new high position close to the 4200 point line. In terms of cottage games, the performance has been relatively outstanding recently, and the focus is still on YGG.

Today's highlights

BTC fell back to the 68600 level last night and has rebounded. The rebound of the daily line, the intraday support point first looks at the first line of 68600 position, and falls below the focus of attention 67800-68200 range. If it touches this position, it can rebound. In the case of rebound, pay attention to the resistance point 69200-69600 range. If it rebounds without touching the effective support position of the intraday level, it can first look at the 70000 point line of the four-hour level. If the four-hour level closes firmly at 70000, it can directly look at the position near the node 72000 points or a higher impact point in the next two days.

ETH has hit the resistance position of 3850 many times, and a double pin top has formed at the four-hour level to form a retracement, but the strength in the process of retracement is not very strong, and it has not fallen below the current support position, nor has it made a breakthrough at a low point. It has stabilized above 3720. At present, it is in a state of inserting pins at the four-hour level and has not closed yet. If the four-hour level closes above 3750, it will continue to hit the 3850-3900 range during the day. According to the trend of the four-hour level, as long as the position of 3850 is stabilized, the space value above can be opened. The first target position of 3900-3960 can be directly looked at. The second target position can focus on the 4030-4060 range.

$BTC
On June 4, Bitcoin opened above $70,000 at the US market open, continuing the upward momentum from the previous day's close.

BTC Price: Key Resistance Remains at $69,000

Bulls began their journey to push $69,000 (Bitcoin's 2021 all-time high and key psychological level) back to solid support with new bids at the beginning of this week.

Analyzing the current state of exchange order books, prominent trader Skew noticed a price premium on perpetual swaps.

"Want to see perpetual premiums continue to decline and move more towards spot premium."

The latest data from monitoring resource CoinGlass shows that BTC/USD is eating into indirect liquidity above $70,000, with little resistance nearby as of the time of writing.

"The $66,000 and $72,000 levels remain important from a liquidity perspective. Keep an eye on these levels," trader and commentator Daan Crypto Trades responded to the data.

Meanwhile, Bitcoin’s relatively strong rise has sparked calls for a return to price discovery.

Trader Kaleo insists that BTC/USD is now targeting $100,000, nearly three months after hitting its latest all-time high.

“It’s time for round two,” he told X’s followers that day, attaching a chart showing the rally to the high and the subsequent consolidation phase.

“$100,000 is like a magnet.”

Ethereum Spot ETF Boosts Crypto Market Sentiment

Equally optimistic, trading firm QCP Capital sees continued favorable market conditions for both Bitcoin and altcoins.

Cryptocurrencies as a whole will benefit from the final approval and launch of Ethereum spot ETF trading, the firm said in its latest market update. The milestone is expected to occur this month.

“This bullish sentiment is likely to continue as the market awaits new demand for the ETH spot ETF. The options market is certainly reflecting this, with ETH volumes still 15% higher than BTC volumes,” the firm wrote.

“Another reason for the continued bullishness is that speculators have increased their long positions in other crypto majors in anticipation of more spot ETF approvals in the near future.”

ETH/USD hit a new monthly high of $3,849 at the Wall Street open.#BTC走势分析

#NOT涨势分析 NOT has risen a lot, but it may adjust.
Public data shows that the $NOT token has risen by nearly 40% in the past 24 hours and more than 280% in 7 days.
What factors have driven the surge in NOT? Different analysts have also given answers from the perspective of token structure, recent catalysts, and secondary market trends.
Why did it surge?
1. Staking
2. The project party destroyed the $NOT token
3. Market operators pushed up prices
One of the reasons is the reduction of circulating supply through the staking function, and the destruction of tokens by ecosystem projects.

About 18 million $TON (about $350,000) was destroyed and permanently withdrawn from circulation (reducing selling pressure). Although this does not seem like much, investors may expect more destruction in the future. After all, this is a cryptocurrency, and the valuation does not have to be reasonable.
Another statement heard is that market operators are pushing up token prices. $NOT is backed by Binance, and people often talk about how Binance-backed tokens magically go up.

So, will the rally continue?
It’s hard to estimate. Personally, I would stay away from buying this token right now because the risk is too high. There are other tokens on the market with better risk-reward ratios.
On the other hand, more liquidity may flow from $TON to $NOT because it is now considered a blue-chip ecosystem token.

Summary

The rally is huge, and corrections may be possible
Ecosystem projects may divert liquidity

NOT is the first “quality” token in the TON ecosystem. By quality, I mean that it has the attention of investors and is supported by the $TON ecosystem and Binance.

A better strategy may be to research and look for other tokens in the $TON ecosystem that may follow the success of $NOT .

If you decide to buy the token at the current price, it is recommended to pay special attention to your risk management framework.

After the cryptocurrency market broke a new high on March 13, it started a long period of volatile market.
Today is June 4th, and it is still in this volatile range, and the price is still the same, but everything has changed. The market is not as high as before, and everyone has become much more cautious. They are always worried about another deep dive, and they keep waiting or making small moves, and stop when they see good results. People who play short-term around them should find that they have made good profits recently, because this market is suitable for people who play with the market.

When Bitcoin hit $70,000 again and Ethereum hit the $4,000 mark again, the market suddenly became "deserted". The fundamental reason is the lack of market liquidity. The on-chain transfer of Bitcoin on weekdays is even only tens of thousands, which is similar to the bear market in early 2023. The gas of Bitcoin and Ethereum has dropped to a historical low, and the market's willingness to buy and sell is very low.

Bitcoin ETF has been hyped. Wall Street institutions hold about 850,000 BTC. There has been no large-scale net inflow of funds in the past month, and the issuance of stablecoins is no longer impressive, indicating that funds are not willing to continue to buy on a large scale at this stage. Although the Ethereum ETF has been approved, it has not yet been officially traded. However, judging from the fact that the Bitcoin ETF hype has been brewing for half a year, and the net inflow of funds is nearly 14 billion US dollars, which has maintained the price of BTC at the high point of the last bull market, the approval of the Ethereum ETF was too hasty and not brewed, and the price has reached 4,000 US dollars, which is not far from the high point of the last round. The proportion of funds that can net flow into the Ethereum ETF in the market is estimated to be significantly weaker than BTC, and the ETF has not been approved yet, and funds are not coming in at present, so there is not much room for Ethereum to continue to rise sharply.

Bitcoin's weekly line is expected to break through the pattern, the trading volume is slightly less than last week, and the MACD is still at a high level. The trend will still be dominated by wide fluctuations this week. There is no sudden drop for the time being, so there is no need to worry. Bitcoin is also oscillating at the daily level. The daily line has been a cross star for several consecutive days. The price fluctuation is very small. The price and the MA30 line are still close. It is expected that it will take a few days to stick together. After that, we expect a relatively good upward trend, with a pressure level of 73,000 and a support level of 66,092.#BTC走势分析

Since Bitcoin began to adjust in April, it has been adjusted for two months by the end of May. The previous prediction was that it would adjust to around 53,000 at the end of May in a unilateral decline, and then start the main uptrend from June. The decline formed a reversal in mid-May. Someone asked about this and left a message to remind me. So how will the market in June proceed? Let me talk about my views:

First, let's talk about the worst and best cases. Although the decline that began in April did not reach the target price, it is foreseeable that Bitcoin will not fall below 53,000. The worst market is to slowly decline again in June and July, complete the ABC adjustment on the weekly chart, and thus start the main uptrend of the bull market. To say this is the worst means that the market will have to adjust for more than a month, and to say that it is the best is that the bull market will start more fiercely later.

Secondly. The current daily chart market is a fluctuating long market, and it is not ruled out that the market will start a new high after another adjustment of the daily chart. So what we are doing now is to slowly build positions after each daily chart level adjustment (in fact, most currencies are still in the stage of slowly building a bottom)

Finally, let's talk about how to choose a good currency. My personal recommendation is to refer to the following factors:

First: Hot spots Several major hot spots this year: ai raw sol meme and some good concepts, etc.

Second: meme does not count, whether there is a strong institutional background behind it

Third: Look for the weekly chart to be bullish

Fourth: Whether the recent daily chart rise is accompanied by a significant increase in trading volume.

Finally, the previous Ethereum market indicates that the second half of the year is a major uptrend. Once the market breaks through the new high, the market will continue until before New Year's Day without much risk.

In summary, every decline in the daily chart in June and July is an opportunity to build a medium- and long-term position. The virtual currency market may be the most certain investment opportunity in 2024, and there will be no such good opportunities in the future. After 2025, dust returns to dust.

This article is just a personal rough judgment on the Bitcoin market and does not constitute any investment advice!