1. Trump nominated Republican JD Vance as his vice presidential candidate . JD Vance1 was previously a VC and has his own views on cryptocurrency. Vance once drafted a crypto-friendly bill. Judging from his previous remarks, it is relatively positive for the crypto industry.
According to public information, as of 2022, Vance owns between $100,001 and $250,000 worth of Bitcoin, which he holds through Coinbase. In addition, Vance has opened accounts at brokerage firms Robinhood and Charles Schwab.
2. The US SEC said that the Ethereum spot ETF will start trading on July 23 - the final version of the ETH application document needs to be submitted before Wednesday, and after it takes effect next Monday, trading may start next Tuesday
3. In an interview, BlackRock CEO said that Bitcoin is digital gold, and then Dell CEO also retweeted and said that Bitcoin is fascinating. Bitcoin is awakening more Wall Street giants, and more institutions will join the encryption army in the future.
4. BlackRock's second quarter financial report: As of June 30, BlackRock's assets under management reached $10.65 trillion, a year-on-year increase of 13%. Affected by the Bitcoin ETF, BlackRock's asset management scale hit a record high in Q2
5. Powell: If the Fed waits until inflation reaches 2% before cutting interest rates, it will wait too long. Powell is loosening his stance. He previously said that he would never cut interest rates if inflation was below 2%. Now public opinion is paving the way for a rate cut. This is a good thing.
In addition, the Mentougou crisis has not been resolved yet, and the payment in batches will have a long-term suppressive effect on BTC. If there is no interest rate cut in July and August, the market will still be in chaos. Only by loosening monetary policy and lowering interest rates can money really flow into the market!
Financial markets can never change their emotionality. A mere transfer in Mentougou caused a small drop in response. The volume aspect cannot be ignored!
Make a worst-case scenario plan and let it crash once in the short term, then the sky will be clear. Now you are only facing the risk of selling pressure, and you can try not to increase leverage when there are uncertainties.
In the next operation, you must not be fully invested, leaving yourself some room to increase the position to pull the average price or capture new opportunities. Looking back at the market situation some time ago, it must be very uncomfortable to be fully invested, and there is no bullet to increase the position. This is very undesirable and very uncomfortable! I hope that those who are fully invested will remember the suffering of the previous period and improve the operation of the subsequent market layout!
Several ideas about ambushing the village in the later stage:
As long as Bitcoin and Ethereum start to slowly recover and rebound, most of the altcoins will follow suit! This is the premise!
In this wave of pullback we have experienced, currencies with a large slope or those that move horizontally are very worthy of investment.
The narrative ideas for choosing a copycat are still centered around these:
1. Conceptual logic directly driven by ETFs, such as Ethereum ecosystem and SOL ecosystem.
2. Inscription track (refer to double faucets) and traditional meme coins.
3. The big concept of AI. The concept of AI is still one of the core hype in the second half.
4. RWA. The recent high of OM has increased the attention on this track. Let’s focus on exploring those few. They will definitely be rotated in the second half.
Currently, these four sectors are almost all the sectors of some currencies with relatively good prices and rebounds in the market!
You must seize the opportunity when the market comes. Whether you can recover the losses from the previous period depends on how you operate recently!
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