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Today, the fall of BTC seems quite calm, as the market has already accepted the expectation of a pullback. After all, most people hold altcoins, and altcoins have already pulled back for three to four days and are taking a break. Ether is currently relatively strong, having not broken below yesterday's low of 3500, while SOL has returned to the upper band of 175 from last week's peak.
115000 is the EMA 20-day line support + the position of a 0.5 pullback from the highest point of this round of market start, which can be considered a medium support. Let's see how it performs.
BTC1.68%
ETH1.45%
SOL5.18%
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TSL opened down 8.95%, marking the largest fall since June 5, which raises the question of why DOGE didn't drop along with it; could it be that Musk's words are not effective?
DOGE3.93%
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All alts positions have set stop loss, not looking at it for now, it's too difficult to operate.
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Altcoins are falling with no significant rebound, and the recently sparked fear of missing out (FOMO) sentiment may quickly turn into shorting thinking...
FOMO3.85%
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Waking up from a sleep, the market has fallen again in my dreams, but it seems to have started to rebound, probably due to the liquidation of leverage. Ether has pulled back by one range. Altcoins have even experienced a Long Wick Candle pullback of two to three ranges. This has doused the enthusiasm for the alt season that had just heated up for two days.
After-hours earnings report for Tesla was below expectations, while Google's was better than expected. Tesla fell 5% in after-hours trading. Tesla is indirectly related to the crypto space through Musk, which may also impact the market.
ETH1.45%
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Just bought the dip, hope the people are not gone 🙏
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It feels like after just one day of adjustment, the atmosphere is good again today; this is a bull run.
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Tonight, Powell only gave a brief speech, which was solely related to regulation, and did not mention monetary policy throughout, nor did he respond to any resignation rumors.
Interestingly, Besant unusually expressed support for Powell, stating that Powell has no reason to resign.
This message combines with Trump's statement yesterday: I don't need anyone to explain this to me. I know better than anyone what is beneficial for the market and what is beneficial for the United States.
Given Trump's personality, he might feel that being perceived as manipulated by outsiders is very shameful, whic
TRUMP2.1%
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Ether truly deserves to be the leader of altcoins. This afternoon, BTC tried to rebound twice, but Ether didn't follow. Since SOL has already had its rise, it seems we might be switching the spotlight to altcoins now. After Ether rebounds, altcoins will probably start to perform.
ETH1.45%
BTC1.68%
SOL5.18%
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Previously, the news was mainly about the U.S. Treasury Interest Rate constantly rising, but in the past few days, it has unexpectedly started to decline.
As soon as the US debt crisis is resolved, the US stock market and other risk markets like the cryptocurrency market will rise. The decrease in treasury yields indicates that there is ample buying liquidity in the market. The specific reasons are not very clear; it may be due to expectations of interest rate cuts. In other words, the current market conditions may be trading in anticipation of interest rate cuts.
Buy the expectation, sell the
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The last county in the country without road access is about to shed the title of the last place without foot bath and massage.
Actually, it was very shocking to see that the total investment for the Yarlung Tsangpo River downstream hydropower project is 1.2 trillion yuan on Saturday. However, when things pile up and one gets lazy, I didn't write it down, and today I was overwhelmed by the news of the bath city recruiting workers. As expected, civil engineers are always equipped with a bathing center.
However, as the largest single infrastructure investment project in human history, it must hav
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Actually, I'm experiencing a bit of FOMO too. Just now, DOGE missed gains again... I didn't expect it to break through the resistance level so quickly. I thought it would oscillate around 25, but it strongly broke through the upper band and pumped to 27. If that's the case, it won't be easy to swing trade other coins later, so I'll just hold and wait for ATH.
FOMO3.85%
DOGE3.93%
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I have to say, CFX really has a knack for public relations. I remember the pump at the beginning of 2023 was due to a collaboration with the telecom industry on a Blockchain SIM card, claiming to be the "only compliant public chain in China." Although it ultimately fizzled out and became insignificant, it didn't detract from Chen Fengxia's glory for quite a while.
This time, the hype around the public chain + RMB stablecoin concept has started again, with Conflux joining forces with AnchorX and Eastcompeace, leveraging support from the Shanghai government, and emphasizing the "stablecoin + Com
CFX-1.98%
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Captainkingvip:
The early card was just for testing and hasn't been used on a large scale; I am still using this card.
The encryption bill passed along with repeated hype about Powell stepping down, Trump should still be going long.
TRUMP2.1%
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Since yesterday, this round of bull run has started to resemble the classic bull markets of the past. BTC surged to 123000, pulled back, and held above 116000. Ether quickly rebounded, leading a wave of pump, with the ETH/BTC exchange rate rebounding by 7%. The market is currently flooded with news of whales reducing positions and institutions coming in to take over.
Data shows that multiple whale wallets are making large transfers to arbitrage and exit the market, with institutional funds such as BlackRock (2 million), Abraxas, and Sharplink (280,000) participating as institutions, indicating
BTC1.68%
ETH1.45%
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To be honest, the US stock market is currently facing a new low in TGA account balance, with the 30-year US Treasury interest rate breaking 5%, and many adverse factors like rebounding inflation data, yet it continues to set historical highs. It truly feels like flying with both feet off the ground; the US stock market has long departed from fundamentals and entered the so-called "water buffalo" market, meaning it is completely driven by a reservoir logic of funds—constantly issuing bonds, continuously running in circles, continually accumulating and piling up, and persistently delaying the ou
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It would be interesting if today's daily chart closes as a long wick candle.
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This week, the U.S. Congress will welcome "Crypto Week", planning to review three key Crypto Assets legislations, including the CLARITY Act, the Anti-CBDC Surveillance national bill, and the GENIUS Act.
The GENIUS stablecoin bill has been discussed a lot, so I won't go into details.
The CLARITY Act (Digital Asset Market Clarity Act) aims to establish a market structure for Crypto Assets, delineating the regulatory authority of the SEC and CFTC, with the CFTC taking the primary role. The fear dominated by the SEC, managed by Gary, is completely gone.
Anti-Central Bank Digital Currency Regulator
ACT3.71%
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Now it is a short-term improvement in fundamentals combined with a short squeeze. This is like the bearish traders being treated as blood bags, frantically sucked dry until no one dares to short or plans to stop. If you didn't open a position earlier, it’s awkward to enter either long or short now. Let's wait until this phase ends and then analyze the logic before getting involved.
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