LOEx Market Research Report on June 18: The BTC trend is difficult to reverse due to game of stock funds

[Hot Tips]

1. [Vitalik Buterin releases the detailed plan of “Verkle Tree and State Expiration”, and “State Expiration” replaces a single Verkle Tree with a list of “Verkle Tree”.]

Vitalik Buterin tweeted that some more detailed plans (including the original EIPs) were written for the Verkle tree and state expiration. Verkle tree: Introduce a new Verkle state tree beside the existing hexary Patricia tree. After the hard fork, the Verkle tree stores all edits to the state and a copy of all access states, and the hexary Patricia tree can no longer be modified. This is the first step towards a multi-stage transition to ETH that completely relies on the Verkle tree to store the execution state.

2. [Today’s panic and greed index is 25, the level turned to extreme panic]

Today’s panic and greed index is 25 (yesterday was 26), the degree of panic has increased, and the level has changed to extreme panic. Note: The panic index threshold is 0–100, including indicators: volatility (25%) + market trading volume (25%) + social media popularity (15%) + market research (15%) + Bitcoin in the entire market proportion (10%) + Google hot word analysis (10%).

3. [The net outflow of BTC funds in the past 10 hours exceeded $553 million]

As of today’s 10 o’clock, the top three net capital inflows are: ETH (+$57,751,900), THETA (+$6.7163 million), NU (+$5.5422 million); the top three net capital outflows are: BTC (-$553 million) ), DOT (-$53.963 million), LINK (-$317281 million).

[Market analysis]

Bitcoin (BTC)BTC began to pull back last night, and rebounded slightly after falling below 37500 USDT in the early morning. BTC is currently trading at 37840 USDT on LOEx Global, a daily drop of 3.00%.

I said that the trend has reversed downwards, and the power of the trend is irreversible. I have explained the main trend of the market, the philosophical logic of the price and the trend one by one. In the face of mainstream market trends, the mainstream capital market tends to hedge, so why do we stick to this stage? At the beginning, I asked everyone to lighten their positions every rebound. When the bulls are optimistic about the trend above $40000, they have not yet reached the freezing point, so I firmly let everyone lighten up their positions, because the trend is irreversible and only reach the freezing point will be reversed. The problem of directionality is the real strategic problem. Directional issues are the real strategic issues. We must be vaguely correct, not precise errors.

For the mid-line, continue to insist on watching more and less moving, and wait patiently for opportunities. Of course, it may take a long time. The mid-line continues to fluctuate in the range of $35000 as the central axis, $30000 as the bottom, and $40000 as the high point. Before the market has no big variables, the consensus in this range will still be strong. The probability of falling below $30000 is not unavailable. The so-called not breaking or standing, breaking the integer barrier means that when you open a low position, you dare to be greedy when others panic to the extreme.

Operation suggestions:

Support level: the first support level is 36,000 points, the second support level is 32,000 integers;

Resistance level: the first resistance level is 38,000 points, the second resistance level is 40,000 points.

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