The market is extremely depressed, and the distance to change will be getting closer and closer!
First, take an overview of the entire international financial market. Why is China so optimistic about DeFi projects under the overall financial downturn?
In fact, among the world’s top venture capital companies, there are not a few that have layout in the encryption industry-more than 500 Internet companies such as Facebook, Twitter, a16z, Alibaba, Didi, Keep, 360, Baidu, Tencent, Meituan, Pinduoduo, etc. IDG Capital’s offensive in the crypto industry has never stopped. Well-known crypto projects such as Coinbase, imToken, and Ripple have all been included in the more important milestones. It was the U.S. licensed cryptocurrency exchange Coinbase’s launch on Nasda in April this year. The successful legal listing of the company has given investors who have been doubtful about the compliance of the crypto industry to see new possibilities, which means that investors have a legal and compliant exit mechanism.
With the end of the era of barbaric growth of the consumer Internet, the demographic dividend that China’s Internet industry relies on for development has gradually disappeared, customer acquisition costs have increased, traffic is no longer easy to obtain, and the mobile Internet market has become saturated. Chinese Internet VCs who are used to the triumphant advance are now having to look away. When the compliance channel is opened, cryptocurrency is an attractive blue ocean that cannot be ignored
Second, observe the relevant technical analysis
The number of coins borrowed on Bitfinex is still growing. Yesterday it rose to 12400. There is no action today. You must know that borrowing these coins will have to bear huge costs, so this kind of borrowing and smashing story will never be too long. The shorts need an opportunity.
Encrypted ETFs are showing inflow. Bitcoin increased its holdings by 2,673 units last week, while Ethereum increased its holdings by 134,038 units. Masukura volume has begun to stabilize, which means that the market has little room for future decline and a large amount of funds have already appeared that the price is reasonable.
The market is very dull. The more it goes like this, the closer it is to the change. When everyone is not paying attention, the big funds can enjoy the profits brought by market fluctuations with a little effort.
From the perspective of the daily and weekly BTC, it is now in a weak state, especially on the daily. The rebound is lower than the wave, and the sentiment is worse than the other. In this way, the probability of the change after the sideways move will continue to fall. It is to move in the direction of least resistance in the market. This sideways decline will cause market panic. When this panic occurs, it is when we enter. So from the perspective of time, we need to be more patient. Maybe late July, maybe early August, wait a minute!
Based on some BTC data, it is expected that there will not be too much room for panic in the market outlook. After falling below 3W, it will form a strong rebound in the area of 26000～28000. The rebound sword refers to 41000～44000. Whether it is a bull market or a bear market, it will not only rise. Fall or only fall but not rise, so if you fall too much, it will naturally rise. I like to do the left side. The cheap chip area has arrived and you can gradually participate in the market.
BTC analysis:
There is no major change in the market, and it is still volatile. After the shock is sideways, the probability of change will continue to fall.
Wait patiently until late July!
I sincerely recommend that you don’t chase the rise and fall.
Support 32,000 pressure 34,000
ETH analysis:
The ETH benefit has been postponed to 8/4. The only strategy in July is to “buy for small drops, buy for large drops”.
Support 2000 pressure 2200
