[The Crazy Talks Trend]Market sentiment is getting weaker and weaker, which is conducive to gradually building a bottom

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【狂人說趨勢】終於逃脫美股束縛,日線級別雙底形成
Blockonomics



Madman says…

The probability of the Fed raising interest rates by 50 basis points in May has risen to 99.3%, and the other 0.7% is a 25 basis point rate hike. Therefore, before the interest rate decision, the fact that the interest rate hike by 50 basis points was basically fully expected. The probability of interest rate 50 basis points has also exceeded 88%, that is to say, continuous and substantial interest rate hikes are unstoppable, and the yield of 10-year U.S. Treasury bonds has directly exceeded 3%. These all show that the monetary environment is tightening, and asset prices are still There is room for downside. But fortunately, we are still in a fast-growing industry. As the president of the American Futures Industry Association said, traditional finance has begun to accept the fact that cryptocurrencies have jumped into the new mainstream. Erosion makes crypto investing more attractive. Therefore, the pain is only short-lived. In the future, the encrypted market will still go up independently along its own trajectory, and the incremental market is far from over.

Coinbase founder says that 1 billion people will be involved in cryptocurrency investing in 10 years, compared to 200 million now. It is a good proof that the incremental market is far from over, and it is enough to wait patiently for people to come in.

The founder of Ark Fund, Sister Wood, said that it is expected that the US government will introduce more new regulations for the Canadian field, which will keep cryptocurrencies away from us and have a positive impact on the 401k retirement benefit plan. I don’t know where the news came from. It should be to express that the government will be more inclined to incorporate the cryptocurrency market, and that private cryptocurrency companies will be taxed or strictly regulated. It doesn’t sound like bad news.

India requires cryptocurrency exchanges to keep user data for 5 years. The madman finds this India really interesting, for fear of scare the snake. If the legislation comes out one day, the exchange deletes the data in order to avoid tax or evade legal responsibility, and there is nowhere to pursue it. First-hand, the pattern of leadership is really not big.

Binance

The nominee for South Korea’s finance minister proposes to postpone the crypto tax for two years to 2025. This nominee is ruthless enough to directly take the current finance minister into the army. The current leadership will definitely disagree, so he will lose a large number of votes in the next election. Using crypto interests to play elections, only politics can come up with it.

Camper&Nicholsons, a global yachting event brand, accepts bitcoin payments, and I’m not used to it. Every day, large companies come to invest in our circulation.

Streaming platform Angel Studios bought $10.6 million worth of bitcoin for asset allocation. The company is more direct, come together as a long-term holder.

Argentina’s largest private bank has launched a cryptocurrency trading function. High-risk activities in financial institutions start from large accounts. Therefore, banks basically provide cryptocurrency services to high-net-worth customers first. The logic is also very simple, because high-net-worth users lose money. From now on, if you lose a small amount of money, you will not come to defend your rights. In the end, the test was successful, and the stepping on the pit was completed, and small and medium-sized retail investors would be vigorously promoted. Of course, if the high risk was missed, there would naturally be no high return.

Panic 27, still panic.

Coin News:

Bitcoin: Bitcoin and Ethereum contract open interest and option open interest both fell, while the decline in Ethereum was relatively small, indicating that market sentiment is getting weaker and weaker, which is conducive to a gradual bottoming.

ETH: Strong linkage.

ADA: After the giant whale sold 1.7 million pieces in 7 months, it has accumulated 196 million pieces in the past five weeks. The amount of hoarding is not a small number. This is a signal of opportunity. One day in the future, ADA will take a wave of main rise due to some logic. The wave led the market higher.

LTC: The MWEB privacy protocol is officially locked, and the impact will not be too great, but in the short-term lock-up period, miners have not sold pressure, so it is expected to strengthen in the short term.

ALGO: FIFA announces sponsorship and strategic partnership with ALGO. Many centralized institutions like this public chain, and there will be such cooperation in the future, mainly depends on how much energy can be empowered for him. At present, it is not as expected.

TORN: In April, a total of about 119,000 ETHs were laundered through the TORN protocol, which will continue to grow in the future, and there is room for new highs in the future.

KSM: There has been a wave of renewing slots in large quantities recently. Both Polkadot and KSM are expected to have a strong wave due to this. Short-term logic, it is not suitable to stay for a long time.

NYM: Obtained the commitment of a16z, Polychain and other 300 million US dollars ecological funds, attracting high-quality talents to join the ecology, and expanding the scale and efficiency of the network. The madman thinks that the bottom reversal is difficult, there are too many people on it, and they have to run around 1.2 in the short term.

IMX: Chainyou llluvium has confirmed the details of land sales and will cast it on IMX. I don’t know if I can take IMX for a while, but with the beginning of APE, it is undoubtedly a sustainable expectation.

In this market, the fluctuations, the bulls, ghosts, snakes and gods have disappeared, and there are always a small number of people who work diligently to cultivate the land, and it is these people who will eventually reap the rewards.

Disclaimer: The article only represents the author’s personal views and opinions, and does not represent the objective point and position of the block. All content and opinions are for reference only and do not constitute investment advice. Investors should make their own decisions and transactions, and the author and blocker will not be responsible for the direct and indirect losses caused by investors’ transactions.

This article[Mad Men Say Trend]The market sentiment is getting weaker and weaker, which is conducive to the gradual bottoming of the block.

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