Today is June 18th and the BTC price 105175
Today is the first time that the pie has effectively fallen below the MA250 price of 105600, this round of market from April 15th to today, June 18th, has unconsciously passed 2 months, BTC price rose from 70,000 to 110,000, but most of the altcoins returned to the original point, and only a small number of leading companies that followed the mainstream coins with the rise and fall still retained most of the gains. In the absence of the Federal Reserve's big release, the situation of too many currencies and shells itself leaving only the shell is too serious, and the project itself is no longer under construction, just like the listed company's business has all collapsed but the stock is still selling. @cz_binance Have you thought about this? Isn't it time to take down projects that have been discontinued, instead of watching them continue to suck blood?
Back to the market, the first time in 2 months to fall below the MA250, here should be able to stay sideways for 2 days, 2 days later if the downward force will be very strong, here to pay attention. Now the impact is the war in Iran and the maturity of 6 trillion US Treasury bonds in June. From the medium-term point of view, there may be a big opportunity to buy the bottom, if there is a continuous plunge to wash the long single BTC will go into battle again, the stablecoin bill will definitely be implemented, I remember the last time I wrote about stablecoins, many messages scolded me that the stablecoin is now only 2500 trillion market value, can not solve the problem of US debt. So now that U.S. Treasury Secretary Bessant is in Congress's plan, the stablecoin target of 28 years will exceed 2 trillion, so BTC will definitely need to skyrocket in the long run to expand its market capitalization. A wash before a rate cut is also possible
Finally, I suggest that you call on Binance to stop developing or community building coins, stop cutting the money of the Chinese people, and stop selling coins to those projects with free wealth to suck blood.
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