July 14th, Binance’s 7th Anniversary + Ethereum ETF Trading + European Cup Ends Fund Repatriation
Looking back to last year, when Bitcoin suffered a sharp drop from a high of 25,000 to the abyss of 19,000, it was CZ, the head of Binance, who stepped forward and spent $1 billion on the industry recovery fund to buy Bitcoin, Ethereum and BNB, injecting a shot of adrenaline into the entire crypto. As a result, Bitcoin took off like a rocket, soaring from 19,000 to 28,000 in just a few days, and then reached a new high of 31,000! Those seemingly desperate short orders instantly turned into fuel to boost the rocket's launch, and market confidence quickly recovered like the spring sunshine.
News:
The German government has been selling off its BTC since the beginning of this month. The German government has sold off more than half of its BTC, from 50,000 to 23,700. There is no news of selling off in the Mentougou incident. There are still 5 days until the end of the European Cup, when the funds of institutions and gamblers will slowly return to the crypto.
From a cyclical perspective, September to November will definitely be a big uptrend! The probability of Ethereum ETF being listed this week is very high. In this case, Ethereum may rebound in the short term before falling, because it does not yet have the conditions for a big uptrend.
The cost of miners is between 49,000 and 53,000 US dollars, indicating that the bull market has reached the bottom. In 2020, the cost of BTC will rise after that.
Trump's victory is a foregone conclusion, and the expectation of a rate cut in September is good news for the crypto community, so the fourth quarter will be a good time.
In the history of bull markets, there have been 5-6 30% corrections. This time, from 7.3 to 5.3, it is nearly 30%, which is in line with the rhythm of bull market corrections. Grasp the opportunity to get on board. It is worth a lot of money to buy a bull market. The big drop is a real opportunity.
Market analysis:
The oscillation structure of BTC daily line has reached the middle stage, and the oscillation range in the second half can only be said to be smaller. If it goes sideways, the upper and lower rails are 56930~58891. When the daily line amplitude is only 1%, there is not much room for operation. Just wait patiently for the opportunity to reverse operation after leaving the oscillation stage!
The support range is 55210~54930, and the suppression range is 58891 (short)~59677.
➢ List of ten-fold tokens that Lao Chen personally observed
$BOME
In this cycle, MEME-type tokens performed well. BOME is also a representative asset of this cycle. It broke the record on Binance in 3 days and exceeded the market value of 1 billion US dollars, opening a new trend of pre-sale payment, and has an important position in the hearts of investors.
BOME still belongs to the PEPE-type culture, and its current market value is about one-tenth of PEPE. Although it reached its peak as soon as it debuted, it has not started a secondary market, so $BOME has certain explosive potential.
$ZRO
It is the coin on Binance that has dropped the least since its all-time high (ATH), at just 20.1%. OM is in second place, and BTC is in third.
The BTC drop 5 hours ago had little impact on the ZRO price, forming a fairly solid high and low.
$ONDO
Ondo is a leading project in the Real World Asset (RWA) category that could deliver massive returns once again as long as the cryptocurrency market recovers. The project has shown resilience by hitting a new all-time high after a minor pullback.
As other Altcoin consolidate and wait for Bitcoin's next move, this project can recover quickly. Considering ONDO's market cap is only $1.4 billion, there is a huge opportunity to make huge gains with it.
Lao Chen wishes everyone to become rich soon!
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