July market analysis, is 50,000 BTC the real bottom? 💥💥💥I have read a lot of market data in the past two days to analyze the big market in July. 🌹
The media and the market are jointly painting a picture of "the calm before the storm". The main reason is that Mt.Gox began to pay compensation this month, coupled with the continuous selling pressure in the market over the past three months. In addition, governments in countries such as the United States and Germany plan to transfer a large number of BTC previously confiscated to exchanges, and seem to be ready to sell, which has exacerbated the market's selling pressure crisis.
Yesterday, Thursday, when the U.S. stock market was closed, the short sellers chose to launch an attack at this time, and their strategy is not difficult to understand. As one of the pillars of the market, the U.S. BTC ETF stopped buying during the holiday break. The short sellers took advantage of this opportunity to launch an unexpected offensive in an attempt to gain an advantage in the market.
When these factors accumulate, it is likely to cause violent fluctuations in the market. Therefore, it is unlikely that the market will be boosted by tonight's non-agricultural data alone. It is expected that major changes in the market will not occur until the end of August to September. 💰💰
👀So during this period, it is a good time for us to pick up chips and buy spot at a low price. After the big pie plummeted, the tracks we focused on were AI and depin tracks. Among them, $IO
can be focused on. 👀
The future io.net ecology and $IO tokens show great potential and opportunities. First of all, as a decentralized computing network, io.net provides powerful computing support for AI and machine learning tasks by aggregating underutilized GPU resources worldwide. This model not only optimizes resource utilization and reduces costs, but also improves resource accessibility and flexibility. With the widespread application of AI and machine learning, the services provided by io.net will become more and more popular in the market.
The decentralized infrastructure (DePIN) track is an emerging and promising field. It effectively aggregates and schedules underutilized computing resources (such as GPUs, CPUs, etc.) around the world through a distributed network to provide users with lower-cost and more efficient computing services. The emergence of this track aims to address the limitations of traditional cloud computing centers in terms of cost, flexibility and response speed, while ensuring the security and transparency of transactions through the application of blockchain technology.