Bitcoin: The trend is not too bad, and the main theme is still the volatility

There has not been much news in the market recently, and the overall volatility is not large. The support and resistance levels have not changed for many days. Some logical small coins have been hyped up and down, and a certain money-making effect has appeared. For most people, it is relatively difficult to grasp these, because when you see others making money, this wave of money-making effect is often over. Recently, the rotation of small coins has been getting faster and faster, which is a signal that the money-making effect is gradually declining. Therefore, in the near future, we should mainly hold Bitcoin and Ethereum, and wait patiently for the emergence of new directions.

Ukrainian President Zelensky said that he is ready to talk with Putin and firmly believes that there will be no end to the war without negotiations. He will try various ways to talk to Putin, but will not accept compromise on key issues. If the negotiations are ultimately fruitless, it means the beginning of World War III. In fact, I personally think that World War III is unlikely to happen. First, NATO has always been talking big. If real money could be delivered, Russia would have been out of business long ago. Second, a world war is not in the economic interests of the people of the world. Once it starts, it will cause the destruction of the earth. In the end, it is meaningless for mankind to be annihilated. After all, the upper class has not yet immigrated to Mars, and the earth is still our common home.

On the other hand, US President Biden will attend the NATO leaders' summit next week, and everyone will discuss how to impose a new round of sanctions on Russia. It is estimated that Russia will also consider compromising some things under such pressure. Before this, France froze 22 billion euros of assets of the Russian Central Bank. In short, the world is extremely uncertain due to Russia, Ukraine and the epidemic (mainly in the domestic market). It is recommended not to be too aggressive in investment, and just invest your spare money. This kind of sanctions by various powers will make people less and less confident in the country's sovereign currency. On the contrary, the substitutability of cryptocurrencies will be further enhanced. In the process of weakening centralization, decentralization will become a safe haven for many funds, and Bitcoin's fortune is far from over.

Australia plans to regulate cryptocurrencies. The planned regulations mainly focus on cryptocurrency taxation, investor protection and exchange supervision. At the same time, it is expected to introduce a policy to regulate DAOs by the end of this year. The logic is that DAOs can replace companies but do not need to pay taxes. The overall goal is for Australia to comply with the crypto market, and taxation is the foundation.

India is a more unscrupulous country. It will treat cryptocurrencies as goods or services and impose a 28% goods and services tax, which will be 10% higher than the current 18%. On the one hand, it says that cryptocurrencies are not compliant, and on the other hand, it imposes a large tax. This is naked exploitation and stifling innovation. However, cryptocurrencies still have room to survive in India, rather than a one-size-fits-all approach.

The Malaysian Ministry of Communications and Multimedia has suggested that cryptocurrency be used as legal tender to help the younger generation better adapt to the times, as this is the future of finance. This department should hardly represent the government or the financial sector, but it is exciting to have such a proposal. With the decline in global economic stability, other people's black swans may be a big boon to the crypto market. Let's wait and see.

The New Jersey State Commission approved the regulation of cryptocurrency and blockchain technology. Another state has fully embraced the crypto industry. In the United States, this industry has gathered the world's top talents and is a super sunrise industry. As a new generation of Chinese, we also have the obligation to stick to our investment and buy a dream of getting rich with the world's top talents.

Kraken's marketing director said that there are 56 million millionaires in the world, but there are only 21 million bitcoins. Think about it, this logic is correct. How can you become a millionaire? It is to buy Bitcoin before millionaires know about Bitcoin.

ARK Fund has sold 33,735 shares of Grayscale since March, which is not too much and its reference value is not as high as the Coinbase he bought.

Panic 30, still panic.

Coin News:

Bitcoin: The trend is not too bad, and the main theme is still a volatile upward trend.

Ethereum: Vitalik Buterin proposed a new sharding proposal, EIP4844. Vitalik Buterin continues to use his genius and wisdom to contribute to Ethereum. Under the leadership of Vitalik Buterin, Ethereum has strong creativity and room for development. It has become obviously strong recently. It is recommended to hold the coins patiently.

ETC: The trading volume has risen to the 6th in the market. The heat has risen, and it is mainly to hold the currency.

ADA: The total locked amount has increased by 15% in the past 24 hours, reaching 277 million US dollars. The founder said that many new features will be launched in June and October. For such an old public company, the locked amount is indeed a bit below expectations, but fortunately, the current position is not high, so there are still short-term opportunities, and we will remain on the sidelines in the medium and long term.

APE: Time Magazine plans to accept APE payment. Although there are positive factors, the locked-in positions above are really huge, and there is almost no capital to continue the upward movement. Therefore, we continue to be pessimistic and do not consider any purchases above 5u for the time being.