Is there a “V-shaped reversal” in the market?

The madman said

Countries are now beginning to think about how to regulate cryptocurrencies. The fundamental reason is that cryptocurrencies have affected the financial stability of every country. Previously, Mad People told you that Binance's daily trading volume has surpassed the Korean stock market and the Chinese stock market. This impact is very obvious on brokerage firms. They have asked brokers' friends. They said that the number of accounts opened has declined markedly recently. On the one hand, the stock market itself is not working. On the other hand, cryptocurrencies are too profitable. Everyone is trading coins, causing the country to have no profit in this regard. The traditional market is being disrupted by the crypto industry. This is the root reason why regulators in various countries are beginning to panic. The future will be unscrupulous regulation of the crypto market.

However, there is no need for us to panic, because the interests of America, the world's largest economy, have completely penetrated. The US dollar itself has hegemony. If it doesn't want to be disrupted, it can only choose to control what might hurt the dollar, while other countries are bare-footed and not afraid to wear shoes. Anyway, whether to hug or not has a strong voice in terms of currency. That's why we have the current pattern of multiple parties fighting for hegemony. With the support of the US, the coin industry will definitely not cool down; on the contrary, the trend will go further and further. Until one day, when they pull Bitcoin to 200,000, 500,000, or even 1 million US dollars, they will force countries to comply, thus completing the market relay.

Our country took the lead in promoting the digital yuan, and it also has its own logic. We hope to gradually control the use of digital yuan in local regions, such as the Middle East, Africa, etc., and use our strong export capacity to continuously enhance the digital yuan layout, so as to achieve local influence over the US dollar, expand its base, and continuously erode the power of the US dollar. This is a bit like the way the Red Army occupied bases back then. Therefore, every country's mentality is different, so the regulation of cryptocurrencies will not be consistent. What is certain is that with America's support for the crypto industry, cryptocurrencies will flourish. As coin traders, we only need to worry about whether the money in our pockets can increase. As for the above, just leave it to those think tanks. Only with an understanding of the overall situation can we understand the importance of holding Bitcoin now.

Apple is looking for talents in the field of cryptography. The job requirement is to understand digital wallets, fast payments, and cryptocurrencies. This demand clearly indicates that Apple will develop into encrypted payments. In the future, all Apple phones will probably provide encrypted wallets so that people can use cryptocurrency payments. Whether it's Paypal, Bitpay, or Binance Pay, they are helping crypto payments get out of the market. This trend is irreversible. By the way, it's really convenient to use Binance to book a hotel with cryptocurrency.

The SEC has begun reviewing Skybridge and Fidelity Bitcoin ETF applications. It seems that the approval of the Bitcoin ETF has entered the final countdown. Madmen believe that since Gary Gensler takes office as chairman, the Bitcoin ETF should be passed quickly. Currently, the US SEC has cooperated with Congress to regulate cryptocurrency exchanges. At the same time, the Chairman of the US Securities and Exchange Commission also hinted that cryptocurrencies will face stricter regulation. Everything is moving towards compliance, and all trends are under control.

Wall Street Wolf Carl Lcahn is studying how to enter the cryptocurrency market on a large scale. At the same time, he is also planning to invest more than 1 billion US dollars in some kind of altcoin. The bosses are feverishly entering the cryptocurrency market. Those who shout at the bear every day don't know if they have bad intentions or don't know enough.

Asset management company Simply plans to issue an investment portfolio, 15% of which will be used to buy GBTC in the secondary market. GBTC has become a new type of asset allocation in the US secondary market. It is expected that future discount rates will gradually decrease, and capital will still enter frantically.

The Fidelity Bitcoin Fund has attracted more than $100 million in capital, and these are all increases in the market.

Cowen Digital Asset has raised $46 million to invest in cryptocurrencies, and the company manages $12 billion in assets.

More than 75% of young people in Latin America are interested in cryptocurrencies. The scariest thing about the crypto market is not its fluctuation, but all young people who love the crypto industry. This market can be called the future.

The CFO of Coinbase said that the growth momentum of cryptocurrencies continues and Q2 results will surpass Q1. All indicators indicate that after the currency price falls, the market has more sufficient capital and numbers, so theoretically there is no pressure to break through the previous high, so there is absolutely no pressure to break through the previous high, so there is a complete possibility of a V-shaped reversal.

57.46% of Bitcoin addresses haven't moved in over 1 year. This pattern of locked Bitcoin addresses is the foundation for Bitcoin to sky-high prices. Don't look at Bitcoin's value at a trillion US dollars; in fact, the circulation market is really scarce.

The panic index is 27, has rebounded slightly, and is still in a state of panic. This can be seen from the loan interest rate in Defi stablecoins. It has reached a record low, which means there are many stablecoins in the market, and no one wants to invest with leverage. People are in a state of panic. Instead, this is the time when we should be greedy the most.

Market analysis

Bitcoin:

Tomorrow at 4 p.m., large options will be delivered. The biggest pain point is still 50,000. If the seller's agency doesn't pull above 44,000 by 4 p.m. tomorrow, it will mean sky-high compensation. Judging from the current market, the selling pressure of 29,000 has almost been eliminated. At this time, when seller agencies don't need to spend much money to reduce losses, lunatics think they will probably go to the wheel. Whether looking at technology or options, a sharp rebound from today to tomorrow is a probable event; you just need to be patient.

ETH:

Goldman Sachs once again believes that Ethereum will surpass Bitcoin. Recently, Ethereum is indeed very strong. There is a backlash trend, and it should be held patiently.

DOT:

Holds are waiting to rise, and profit trading is about the same as cutting meat to digest.

XRP:

It is riddled with lawsuits, and the main focus is on the upward movement.

LINK:

The volume is still strong, and it has entered a high-pressure zone, and there is fluctuating demand.

ADA:

Mainly holding.

ETC:

It has been flat for 2 consecutive days and is expected to continue to rise.

DOGE:

Mainly linked.

FIL:

Selling pressure has decreased, and there is some expectation of a rebound.

UNI:

It continues to be strong, hitting pressure levels, and fluctuating demand.

MATIC:

After bottoming out and recovering within the day, you only need to hold until the 5-day line is broken, and wait for a new high.

Today's market is much stronger than expected. Yesterday, most currencies hit a pressure level. Today, the intraday correction was completed at the pressure level, indicating that the acceptance by the bulls is far better than the panicked bears. The market should continue to be bullish at this time.

Finally, in order to prevent loss of connection.

It is recommended that everyone actively join the Huoxin Group. 1. Download the Huoxin App; 2. Search for “Crazy People Main Group” to enter.

Or follow Weibo: “Digital Currency Trend Fanatic”.

You can easily find crazy people.

That's all for today, see you tomorrow~!