BTC encountered strong resistance after reaching 27500, followed by a volatile downward trend. After breaking through 26000 in the short term, it quickly rebounded to around 26450, but fell again after encountering resistance
BTC encountered strong resistance after reaching 27500, followed by a volatile downward trend. After breaking through 26000 in the short term, it quickly rebounded to around 26450, but fell again after encountering resistance. Currently, BTC is in a volatile and declining trend, with a relatively weak trend. It is expected to continue to decline and may further test the initial support line of 25000.
Bitcoin (BTC) strategy: It is recommended to seek short selling opportunities during short-term gains, set new low stop earnings points, and be cautious in dealing with potential bottoming out rebounds to prevent profits from turning into losses.
1. $BLZ - Entering the field of decentralized storage
Bluzelle (BLZ) announced an over-the-counter transaction with DWFLabs, involving 11.46 million BLZ, with a total value of 2 million U and a cost price of 0.174. Currently, all have been successfully transferred to the Coin Security platform.
Project Overview
Bluzelle is a peer-to-peer database hosting market dedicated to connecting users who need to rent storage space and those who provide additional storage space, characterized by the highest level of security and scalability. The native token BLZ of the network is used as a reward to sharers to obtain additional storage space, while users pay reasonable fees to utilize this service.
Short term strategy
Although there have been no fundamental changes in BLZ recently, the construction of large holdings has led to a surge in its prices and is currently in a high consolidation stage. It is recommended to short (reduce) positions in the short term during high periods.
2. LeverFi - DeFi lending
LeverFi received a $2 million investment from DWFLabs and an additional $2 million OTC commitment. DWFLabs and LeverFi have signed a market making agreement, and DWFLabs will provide liquidity for LEVER trading pairs on relevant exchanges.
Project Introduction
LeverFi is an on chain leveraged trading protocol. Traders can deposit collateral such as BTC, ETH, CurveLP, UniLP, etc. to trade asset price changes at a leverage ratio of up to 10 times. The collateral is stored in a yield agreement, allowing traders to simultaneously receive returns and engage in leveraged trading.
Short term strategy
In the short term, it is at a high level for consolidation, while in the middle line, it shows a fluctuating upward trend. It is recommended to reduce positions or short positions when making profits.
Long term strategy
In the short term, it is at a high level for consolidation, while in the middle line, it shows a fluctuating upward trend. It is recommended to reduce positions or short positions when making profits.
The Market Making Techniques of DWFLabs
DWFLabs was founded in June 2022 and is a Web3 investment company, claiming to be one of the world's leading cryptocurrency market makers. DWFLabs mainly focuses on East Asian projects and various themes of new and old emotions. Its market making projects include but are not limited to CFX, MASK, ACH, FET, YGG, etc. Projects such as YGG and CYBER at the end of August have had a lot of discussion on DWFLabs within the cryptocurrency community. Most projects experience a situation of first pulling up and then pulling back after participating in market making.
3. CRV - DEX Track
The founder of Curve deposited 23.26 million CRVs with Silo and then lent 3.75 million CRVUSD to repay Aave's debt.
Short term strategy
The thunderstorm on Curve has gradually subsided, and after bottoming out and rebounding, there has been a contraction and fluctuation. Recently, it has experienced a round of pull, and is currently in a correction stage. It is recommended to buy long at low points.
The market is constantly changing, and the strategy is for reference only.
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