AMA on X

Good morning ☀ Iron powder check-in 👍 Like and make a fortune 🍗🍗🌹🌹 ☆ Currently, the biggest news in the market is the Mt. Gox incident, but many people still don't know what the Mt. Gox incident is, and they don't know how significant its impact is. The so-called Mt. Gox incident is one of the most famous security incidents in the history of Bitcoin. It was a Bitcoin exchange located in Tokyo, Japan, and was once the world's largest Bitcoin trading platform, handling about 70% of global Bitcoin transactions. In February 2014, it announced that about 850,000 Bitcoins were stolen due to system vulnerabilities and security issues, worth hundreds of millions of dollars. This incident led to its bankruptcy and had a significant impact on the Bitcoin market and the cryptocurrency industry. Yesterday, there was a sudden transfer of over 5 billion USD worth of BTC to a certain address. The last time the Mt. Gox address made an outward transfer (Outflow) was 5 years ago. Previous transfers by Mt. Gox (Inflow & Outflow) often scared the market, and today is no exception. "Mt. Gox" is now starting to unlock Bitcoin to repay creditors! Will this bring selling pressure to the market? At this moment, it's just a transfer out, and we will continue to observe the development of the situation. I believe this is just the whales and institutions once again taking advantage of the Mt. Gox incident to dump and accumulate. ☆ Yesterday, after probing below 67500 twice in the intraday session, the price quickly rebounded. Currently, the daily candlestick is still maintained within the range of 67000 to 69000. From the formation of high levels, a bearish candlestick pattern is observed. In the short term, the downward momentum on the daily chart has slowed down. At the same time, attention is focused on the suppression of the 69500 level, which is the midline of the daily Bollinger Bands. This position will be a key point for long and short positions. The structural form indicates a high probability of rebound, which will determine the strength of both long and short positions. Looking at the 4-hour chart, after the bottom formed a bullish candlestick, the price strengthened all the way up. The short-term upward momentum is strong, indicating a higher probability of bullish oscillation. However, from the current candlestick, the momentum of the short-term adjustment is not very strong. It is expected that the space for short-term adjustment is limited. Taking everything into consideration, the suggested operation for Bitcoin today is still mainly to go short at higher levels, with resistance platforms at 69200-69500-70500 and support at 67200-66500! ☆ Ether's price has always failed to break through the 4000 mark. The monthly k-line is about to close. After being suppressed in the late session, it quickly fell to around 3780. From the perspective of the daily KDJ, MACD, and BOLL indicators, the technical changes are not significant. It still remains in a stage of oscillation and strength. In particular, there has been a significant opening change in the upper BOLL, which also reserves space for short-term Ether to continue to rise. At the same time, Ether's price still firmly stands above the MA5 moving average, so it is undoubtedly mainly for long positions to buy on dips for Ether. ETH is relatively strong in the current trend and may be the key driver of the entire market. Also, pay attention to the Ether zone. There will definitely be a wave of speculation before the exchange listing in July or August. In the early session, it is rebounding and rising. Pay attention to the test of the breakthrough in the 3950-3980 range. If it does not break through, continue the box operation!

Good ☀morning, hardcore fan, check in 👍, like, and make a fortune 🍗🍗🌹🌹 ☆ ☆ The U.S. Securities and Exchange Commission (SEC) has approved the listing and trading of the Grayscale Spot Ethereum Mini ETF, as well as the rule change order for the Grayscale Ethereum Mini Trust and ProShares Ethereum ETF shares. The first Spot Ethereum ETF may be launched on Tuesday, July 23rd; According to CME FedWatch, the probability of the Federal Reserve keeping the interest rate unchanged until September is 0%; In addition, Mt. Gox has repaid assets to over half of its creditors; The market is digesting Unfavourable Information and waiting for a major outbreak from a certain Node during trading. In the new landscape of the encryption market in 2024, it is important to follow changes in the news and be prepared in advance to avoid being trapped! ☆ ☆ Although BTC hit a new high of around 66100 yesterday, the daily chart currently forms a Long Wick Candle pattern. Currently, the daily Bearish line is decreasing, as we analyzed last night, there is still room for the bottom, and the current trend is still in a downward consolidation. The current pullback momentum is testing the 64000 level, rebounding after pulling out a Bearish line. Looking at the four-hour chart, the four consecutive declines led to a surge in shorts. Although many news aspects still show that long positions are dominant, the market still needs to have a pullback and consolidation. This downturn is also paving the way for a strong rise in the future, and longs are still accumulating momentum. From this trend, we can first look at the retracement and then the rise at the low position. ☆ ☆ The momentum of ETH has been much weaker than BTC in recent days, falling short of expectations. The intraday high tested 3520 resistance, and the overnight low retraced to around 3375. The market will not always move unilaterally. It needs time and patience to wait for the key points of the retracement. The trend reversal point has come above 3300, with continued volume increase in MACD and KDJ being blocked from the upward trend and starting to fall. After the failure of the Candlestick to impact the upper rail, it will seek new support points. The four-hour Candlestick currently shows a short bearish trend. Whether the 3350-3320 support in the four-hour Candlestick retracement can provide strong support, a breakthrough will likely form a large-scale gate pattern and test the support point near 3000 again. Currently, the key focus in intraday trading is the EMA30 trend support point. Without breaking, it can be laid out!

Good morning ☀️ Iron powder check-in 👍 Like and make big money 🍗🍗🌹🌹 ☆ ☆ BTC fell nearly 16,000 points in just 4 days! This big dump is mainly due to Miner Capitulation, continuous selling by the German government, expectations of selling by Mt. Gox, triggering market panic. This crazy fall is undoubtedly a heavy blow to the bulls. Then, right after that, we had yesterday's non-farm payroll. Many people had hopes for the non-farm payroll, but unfortunately, it turned out to be a lot of noise and little rain. The probability of the Federal Reserve keeping the Interest Rate unchanged in August after the non-farm data release is 95.3% (up from 91.2% before the release), and the probability of a 25 basis point rate cut is 4.7%. The probability of the Federal Reserve keeping the Interest Rate unchanged until September is 24.8% (down from 27.4% before the release), the probability of a cumulative 25 basis point rate cut is 71.8%, and the probability of a cumulative 50 basis point rate cut is 3.4%. The growth rate of non-farm employment in the United States has slowed down, providing a reason for the Federal Reserve to start cutting interest rates. Hiring slowed down in June, and data from the previous months was also revised downward, increasing the likelihood of interest rate cuts in the coming months. Data released by the U.S. Bureau of Labor Statistics on Friday showed that non-farm employment increased by 206,000 last month, while the number was revised down by 111,000 for the previous two months. Economists surveyed had a median forecast of 190,000 new jobs. The unemployment rate rose to 4.1%, and average hourly wages also cooled. The encryption market showed signs of stabilizing yesterday after the bloodbath caused by the news. After this bloodbath, the encryption market, especially the future of AltCoins, will undergo changes, and some currencies will approach zero and be delisted. ☆ ☆ After breaking through the 60000 level, BTC plunged sharply. It also broke through the bottom since March during yesterday's intraday trading. The short-term long support level was broken, directly reaching around 53300. Currently, the sentiment has slightly improved, and the trend has rebounded from around 53300 to around 57000. Looking at the hourly chart, the market has reversed, and the resistance level above is relatively strong. The RSI value is close to the oversold zone but has not entered the extreme oversold state. The daily chart is bearish, and the EMA short and medium-term moving averages are taking advantage of the current shorts, which may continue to decline. The focus in the future is to follow the breakthrough of the 58800 level. If the rebound fails to break through the resistance areas of 57800 and 58800, it means that the price will start to pullback again. Perhaps the short-term market will enter consolidation over the weekend. Overall, the main strategy is to maintain a bearish stance. Follow 57800 above, and then look at the 58800 area. Follow 55500-53500 below. ☆ ☆ Ethereum's trend is linked to the broader market. It narrowly held the 2800 support level during yesterday's session and rebounded slightly in the evening. The current price is hovering around 2990. The short-term trend is still weak, with the Bollinger Middle Band continuing to trend downwards. The daily chart has seen four consecutive declines, and the lower band gap has opened. The resistance above is slowly moving downwards. If the rebound fails to break through and stabilize between 3050-3120, there is still a downside risk. The current trend is also in a range-bound consolidation. The key support and resistance levels will determine the weekend market. The overall trend is currently bearish, and it is recommended to focus on shorting the rebound in trading.

#BTC falls below $60K - buy the dip or wait? # Bitcoin collapsed: Analysts say the decline is not over yet! The price of Bitcoin (BTC) dropped to $53,600 with the start of Mt.Gox transfers. BTC, although it has seen the lowest level since February, analysts expressed that the bad scenario is not over. Josh Gilbert, market analyst at eToro, speaking to Cointelegraph, said that a large part of the sales could be due to the repayments of Mt. Gox creditors. Along with these repayments, approximately 8 billion dollars worth of BTC will enter the market from this month. Bitcoin can test 50,000 dollars Gilbert said he expects the price movements to worsen in the coming days following the sudden drop of Bitcoin to the level of $53,600. Gilbert said, "The news flow is currently more downward than upward, and the selling activity we see is clearly unsettling investors, which usually leads to more selling." "BTC testing $50,000 wouldn't surprise me, but it will be an important level," he added. Similarly, Swyftx analyst Pav Hundal also told Cointelegraph in a statement that the worst may not have come yet in Bitcoin's price movements. "The critical support levels in Bitcoin are facing an indifferent market. Long-term macro conditions are still positive, but in the short term, we may test $50,000 and potentially lower levels. $52,000 is currently an important battleground for bears and bulls," said Hundal. 10x Research analysts also predicted that the price of Bitcoin could drop as low as $50,000 in the coming weeks, warning that selling could accelerate as support breaks and sellers struggle to find liquidity. Analysts' opinions that the downward scenario will continue have scared cryptocurrency investors. Investors are focused on $50,000 for BTC.

ABOUT BTC: Everyone, take advantage of this rise and sell spot transactions. Because in our opinion, this is a fake rise and we will experience a decline until the bottom point. I have previously shared information about manipulations, such as the sale of Bitcoin in Germany, MT GOX ANNOUNCEMENT, and even the attack on Donald Trump. If you look at my previous posts, you will see these. And everyone is selling, these are being served on social media, I said. Nevertheless, why did bitcoin rise so much...? I remind you of these because I have shared them before. Of course, the decision is yours, but I can tell you that BTC will decline and we will see the lowest point. If you switch to cash, you will be profitable. According to us, this rise is a fake rise, and thus many inexperienced individuals are starting to buy with a bull mindset, but we are waiting for cash. And we only do short-term buying and selling for daily profits. 🟥🟨🟩🟥🟨🟩🟥🟨🟩🟥🟨🟩🟥🟨🟩🟥🟨🟩🟥🟨🟩 # BTC# #ETH# #etc# #doge#