Last night, the US announced the CPI. The previous value was 3.4, the expected value was 3.4, and the announced value was 3.3, which is good news, but the market fell instead of rising.
After all, even good news will face resistance from massive selling. The rise to nearly $60,000 yesterday shows investors’ recognition, but the pressure is still relatively large. Germany sold nearly 10,000 BTC yesterday, and the exchange’s inventory is increasing almost every day, so the current information will also have an impact on prices.
But in general, even if the good news is difficult to pull up the market, it at least boosted market sentiment and would not cause market panic, which is a good thing. This is a very challenging time for operations. Personally, I would almost never get involved in this situation. At most, I would take a small amount of money to gamble on the direction.
My opinion is that since there is independent negative news in the Bitcoin market, we need to wait for the independent negative news to be cleared before we can start.
The main reason is that Mentougou + the German state government are clearly going to sell the coins and leave the market, so the bulls should wait until these people basically get off the bus before starting to gather:
Mentougou: I roughly calculated that the maximum selling pressure is 100,000 BTC, and the maximum time is 2-3 months
German government: 9,000 pies left, estimated to be sold out within a week
A currency that can be ambushed in advance!
$SSV
The second one is our SSV, which is also a very important player in the Ethereum ecosystem. SSV is a decentralized protocol that aims to improve the security and reliability of the Ethereum network through secret sharing technology. Its core concept is to divide the validator's private key into multiple shares and distribute them to different nodes. This method effectively prevents single point failures and malicious attacks, ensuring that the validator's private key will not be controlled by a single node, thereby improving the anti-attack ability and stability of the entire network.
Compared with LDO, I am more optimistic about SSV. Both SSV and LDO are close to full circulation. The current market value of SSV is only 3.2, and there is still a lot of room for growth in the future. In addition, SSV is really resistant to decline. Although LDO is the leader in Ethereum pledge, its market value is 4 times that of SSV. At present, there is a lawsuit against it for being a securities. In any case, it will be affected to some extent in the short term, and it is not the best time to enter the market.
$ENS
ENS has been stealing the show lately, and despite significant network growth, the price of the Ethereum Name Service (ENS) has dropped 3.4% in the last 24 hours, currently trading at $26.11. This creates an inconsistency between the price of ENS and its fundamentals. Speculative sentiment, selling pressure, and the overall downward trend in the market have created headwinds for the price of ENS. However, the current price undervaluation and distribution status of ENS tokens also indicate that this is a good time to accumulate ENS.
The price of ENS has fallen by 3.4% in the past 24 hours and is now at 26.18. Speculative sentiment currently dominates the market, which weakens the actual application value of ENS. ENS has added 741 wallet addresses in the past 24 hours, indicating that the network continues to expand. The current market environment may make people full of expectations for the future of ENS, but careful analysis and rational decision-making are still the key. Pay attention to market trends and understand the development of the ENS network, and perhaps you can also seize this potential opportunity.
SAFE (SAFE)
SAFE Token price trend turned sideways from downtrend inside a descending channel within a consolidation range. With a market cap of $626 million and trading at $1.47, the altcoin is hinting at a trend reversal.
Trading ideas
The altcoin’s bullish reversal accounted for 9% of the gains as the price rejected the candlestick at the $1.30 baseline. Testing the overhead resistance, the likelihood of an uptrend is increasing.
With a range breakout, SAFE price could reach the overhead resistance trendline near $1.80. Optimistically, a channel breakout can push the altcoin to $2.50. #美国6月CPI大幅降温 #美联储何时降息？ #美国大选如何影响加密产业？