Do you still not know that the waves are rising? If you still don't know the typical uptrend, you really have a problem. Hello, this is Coin Driver Lee Hwan. It's June 11, 2024, 10:45 a.m. broadcast. I couldn't shoot the video yesterday, so this week, I will broadcast consecutively today, tomorrow, and the day after. In the previous video, I mentioned that weekly candles, bearish candles, and now these ones are very dangerous. I will specifically address Moscow from now on. As you can see, how is Moscow coming out? Since the low of the weekly candle has been broken, a large bullish candle is forming, and this week is turning into a bearish candle. Now, I will talk about the chart for this week, and as I mentioned, I will cover altcoins this week. Before we get into that, there are many important comments today, so please watch the video until the end. The video starts now.

Let's start again. At this point, we can revisit the concept of Investment Pit. Some people should not invest in stocks at all, especially those who are emotionally unstable with price fluctuations. If someone is going to do something foolish just because the stock price drops, it's better not to invest in stocks at all. This applies not only to stocks but also to coins, as we mentioned in the past. Especially in the current market, there is a lot of instability. Why are ETF funds flowing in, but the market is not rising as before? We will discuss how profits are realized by the powerful players in that aspect. Before that, despite receiving a lot of corrections in the midst of such turbulence in the market, even after the recent correction of Bitcoin, whales have increased their market buy ratio like crazy. Why do they keep buying even after such corrections?

The reason is that the redemption funds are taking an unbiased direct basis trading strategy on Bitcoin spot ETF. What is this? The basis trading strategy continues to shake until they make a profit. It is necessary to look at both the left and right sides. Looking at the chart, it shows that as ETF funds flow in, open positions on the futures side are also increasing. For example, as ETF flows are rising, CMA funds are also increasing. What does this mean? It indicates that open positions on the futures side are also increasing. In detail, you can see that the redemption funds are actually taking short positions. If you look, you can see that the increase in short positions continues to rise. This means that by using TF funds and continuously holding a short position on CME, they profit from the price difference, which is the basis trading strategy.

It means that they achieve their own profits by simultaneously trading futures and spot, just as I mentioned in the past. The reason they are able to continue buying Bitcoin at the market price without incurring losses is precisely because of this basis trading strategy. In other words, they aim to profit from the price difference of futures. Ultimately, they are maximizing their profits through this trading strategy, which allows them to maintain a neutral position by buying spot ETFs and taking short positions. By doing so, they can still make a profit even when buying at the market price. Through this trading strategy, they consistently shake off the retail investors. This is because every time there is a correction, retail investors can't help but feel anxious, and the fear index continues to rise. What else is there? Just two days later, on the 13th, you had to wake up at 3 a.m.

There is no need to wake up because when it comes to interest rates historically, we are not the people who have experienced interest rate announcements once or twice. When you look at the stock price fluctuating, it remains sideways. But this time, the interest rate is actually a fact. What is happening is that the expectation of a rate freeze is almost confirmed. It has already been priced in by the European Union. As I mentioned before, when there was uncertainty, Europe acted first, whether it was to raise or lower rates. The U.S. also has very little room left to lower rates. However, they are likely not going to lower them now. Ultimately, it is already more than 99.9% certain that it will be frozen. When it is frozen, the market does not shake. Even if it does, as I have always said, it is an opportunity. Nonetheless, there is a point in watching this. That is Powell's press conference stance.

I consider this to be very important. Even if interest rates do not ultimately decrease, the question is whether the U.S. will raise the tone to support the stock market, maintain it, or start lowering it now. There seem to be three key points to watch for. Ultimately, this will lead to the presidential election, and I see the influx of liquidity as a really important point. In the end, the most crucial point regarding this interest rate seems to be Powell's press conference. I think we need to focus a lot on the points he makes. I will organize this part again on Telegram. So, at the bottom, you can enter the comments for free. It would be good if you join once. Ultimately, I still believe that there are real issues for those who do not know that a huge wave is coming. Because Trump declared himself as a cryptocurrency president. That's right, a cryptocurrency president. On top of that, this recent article is the point.

Why did Daebeoljang come? There is Chinese capital right now. China is starting to show its liver. What liver means is that expectations for the lifting of the ban on virtual assets are spreading. It is said that Bybit allows registration for Chinese residents living abroad. Now, it is coming out that China is trying to lift the strict policy regulations it has been holding on to. How high is this expectation value? Expectations that China can lift the ban on virtual assets are spreading. Bybit recently started registering Chinese users living abroad, raising expectations in the industry. What do we need to lead the market? Liquidity. We've been leaving the possibility open for Alan to come in until the presidential election in the U.S. And let's see how much Chinese capital is coming in. Renowned DeFi analysts Alex Maes and...

Through your old Twitter, China is reportedly planning to lift the ban on virtual assets next month. What did you say? What will happen before the 6th, 7th, 8th, and 9th elections? The virtual asset market value will increase by 20 times, and more than 100 million users will join. All the liquidity that came in during Corona will come in. So, what I'm saying is, it's not fear right now. You don't need to worry about declines or anything like that. The charts are already telling you. You should already know why they are buying into the market. And the market continues to persist with the consistent argument that it will go on. Why is it going on? I've already told you. The U.S. election's market has been telling us about the past. How does the past tell us? Before the U.S. election, the market's rate of return indicates a re-election of the ruling party. Look at this time. During the 22nd election in 1932, the market's rate of return was good when the ruling party was re-elected.

It means that the possibility has increased, ultimately leading to a crash in the stock market in the presidential election. The administration will collapse. That's why we must maintain it. Historically, in the 22nd presidential election, past cases have shown this. Considering the possibility of a tightening economic environment in the U.S. in the second quarter, when will the third quarter start? In the 3rd quarter, reflecting the national situation before the presidential election, analysis suggests that the liquidity situation may change. Funds are also coming into China in July. In the U.S., even now, starting from July until just before the presidential election, it was shown that the ruling party's chances of maintaining power were high when the stock market conditions were positive. Do you still not see the rising waves? It's still a typical uptrend. There is a real problem. Altcoins are being sold off to enter the mainstream financial system, and that's why I mentioned it. Bitcoin is rising in order to gain momentum.

If you don't know why Ethereum is holding up, you really need to take another look. What we see every day is Bitcoin dominance. From the beginning of the halving period until the end of the year, it has been showing a fluctuation of plus or minus 10%. Ethereum, including BTC, is showing an upward trend in market capitalization for all altcoins. How is it now? Last week, due to the interest rate cut in the European Union, Bitcoin retested its high point in anticipation of a rate cut in the United States. It will likely retest the high point with expectations. Although there was a lot of news, YouTube, and broadcasts about the alt season, in reality, due to the fear of delay in the rate cut in the United States after the unexpectedly high U.S. non-farm payroll index, there was a correction in altcoins. However, historically, in 2020, due to numerous news and FOMO, the prices of coins surged and dropped. So, is now the time?

I am looking at altcoins. In the end, my existing perspective that altcoins will have a significant influence on Bitcoin in this chapter continues. So, what are altcoins? What are we investing in? Ultimately, high returns come with high risks, which is natural for altcoins. Only those who can withstand the volatility will profit. However, it is important not to make reckless investments. Therefore, I am telling you to be cautious of altcoins from now on. We need to first understand Bitcoin, as I mentioned before. Bitcoin is undergoing another correction now. However, as we know, the most conservative investment approach is what I advised, which is to break through 100 million.

You can start by looking at it. How much has Bitcoin gone up to now? In terms of Korean won, it reached 9,906,000 KRW and is now undergoing a correction. What did I say was the best investment? It is sufficient to buy and surpass 100 million KRW because there is clearly strong support at the moment. I mentioned that it is enough to buy Bitcoin by looking at that. Then, is it really going down or is it a correction? It is a short-term correction. The segment where we evaluate it as a decline is here. If it breaks above this level, we can say it is a real downward trend. If it breaks through, then we can consider that the correction in Bitcoin is over. Ultimately, Bitcoin will move within this range. So, the only issue left is how deep the correction will be. This is exactly about Bitcoin. If you look at the chart, it is here, it went up to here, and is now undergoing a correction.

Did you say how much it was to go up? It was immediately mentioned as 92 million won. Why? Because I will explain. It was said to move within the box range. What does it mean to maintain the weekly low? As I mentioned earlier, as it goes down and up like this, the support is created because it goes up due to the moving average line. Therefore, it is not easily broken. However, what does it mean to erase and go down again? I said that raising the low and raising the high is a typical chart of an uptrend. In the end, we have two options. Bitcoin is left with only two options: whether it receives support from the moving average line here or below. It means that Bitcoin is left to receive support here or here. What does it mean to receive support here? 95 million won.

Receiving support means not breaking the low point, and even if it goes below, deep corrections are not considered as declines. It means that the moving average line is supported. Therefore, I am saying it is okay to buy now and suggesting to buy in increments. Instead of two, buy beyond the high point. Let's finish with just Bitcoin. Now, let's talk about altcoins. Altcoins are the same. If you look at Polymath, you will see clearly. It's not a bearish chart. If you look closely, the low points are rising. Even if it goes down, the support zone is higher than Bitcoin's. In the end, among altcoins, these kinds are actually promising. These kinds will not break the moving average line even if they fluctuate up and down next week. Therefore, even if it goes like this, there could be a breakthrough trend in the next candle, leading to an upward trend.

When we look at Polymesh, it's not a typical chart that collapses but rather a chart that seems to be well polished to rise. However, the stacks are not bad. But Ethereum is also very good. The chart is not going down but finding support, so it is actually creating a chart that is closer to buying. However, as I mentioned earlier, these charts have long lines of support that we have received, but they all collapsed. And what happened? I have mentioned before that if you buy below this, it's absolutely not recommended. That was the 8,000 won range. OmiseGO, how much is it now? It's gone. It's gone, everyone. OmiseGO, the token, is gone. It collapsed. The weekly candlestick fell heavily, and those who fell more this week will go further down. Let's take a look here. So, because the chart is collapsing like this, there could be such announcements later. Oh, now.

Disappear from Binance, or vanish. What happens if you go into the loss chart? The chart will bounce back, right? What is it? It immediately plummets and dies. It's a typical chart that creates a peak. So, because the chart collapsed, it's tough. That's why this chart is alive. So, the first one is pulling out the weekly candlestick, holding the uptrend, not that, but a round chart. This is the best chart. How is it now? Charts that collapse completely are peaks. I can't be sure, but it's not good as a chart. There are charts that collapse like this. Boldly cutting losses by 50% on charts that collapse like this is what I recommend. Do you still not understand? Today, I will comprehensively summarize the sounds of the past and talk about a typical bull market.

Appearance, and money in front of the code, when even Chinese capital is unleashed, this can really go big. And the flow that has continued from the past until now, as always, charts that were unimaginable before are coming out. I mentioned that market players are buying into it. They are realizing profits through direct basis trading strategies. Wrapping up like this, I talked about how to manage Bitcoin and which charts to pay attention to for altcoins. If you enjoyed the video, please subscribe, like, and turn on notifications. I will come back with even better videos tomorrow. For those who haven't joined Telegram, please join through the comments below. We are currently running a project to make profits from futures trading starting from 1 million won. If you really don't know, I will explain from the basics, so please join and let's try it together. Thank you. This was Easy Anny today.

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