BTC falls below the $117000 mark

Click on the link to enter Tencent Meeting: https://meeting.tencent.com/p/5658778060 From yesterday and today's market performance, the success or failure of trading may depend more on emotions. This statement is not groundless. Yesterday, Lao Guan clearly pointed out on the live broadcast that the current market tends to continue to rise this month. However, in both small and large cycles, there have been instances of market stagnation and peak behavior. Based on the absolute top and bottom structure of Laoguan, yesterday I helped everyone sort out the actions for establishing the top structure of each cycle. So I have a question, do you think absolute top bottom structures cannot be referenced in trends? I mentioned that there is a high probability of absolute top bottom structure failure in a trend market, but it is not entirely useless. We can refer to the stabilization of the market after the emergence of absolute top bottom structure, as well as the possibility of a higher probability of a one-sided trend after the breakthrough of absolute top bottom structure. Returning to today. The pullback of the Big Dipper and Ethereum has fallen back to a critical range before the previous rise. In this range, we are more inclined towards market adjustment behavior, and there may even be a rebound after a decline. Sometimes it's like this. On Sunday, we believed that there was a greater probability of sideways fluctuations in the market on Monday and Tuesday. We acknowledge that yesterday's market broke our expectations and judgments. But when you look back at today's market, it seems that what we said is not that wrong either. So what should we do? This position insists on demonstrating the market in a legitimate direction first. If there are corresponding trading signals in a small cycle, we will start short-term trading for this week today. Finally, we will continue to share the content of the absolute top bottom structure today, hoping that friends will learn more from it QQ group number: 1011485129 Aicoin group: https://aicoin.com/link/chat?cid=2ARLLeaoM Disclaimer: The above content only represents the author's personal opinion and is for communication and sharing purposes only. It does not represent the position or viewpoint of AiCoin and does not constitute any investment advice. Based on this investment, there may be external contacts, which have nothing to do with AiCoin, and the consequences shall be borne by oneself.

According to Foresight News, the Cyvers platform has detected that Arcadia Finance attackers have transferred approximately $1 million in assets through multiple transactions. Previously, Arcadia Finance suffered a security attack that resulted in financial losses.

According to Golden Finance, a South Korean court has acquitted Jang Hyun guk, former CEO of blockchain game company Wemade, of manipulating the circulation of the WEMIX cryptocurrency. The prosecution accuses Jang Hyun guk of falsely announcing the suspension of the liquidation of the WEMIX token in order to stabilize prices and boost investor confidence in the asset. However, the court did not find any clear evidence to suggest that he intended to manipulate the market. The prosecution alleges that under the leadership of Jang Hyun guk, Wemade unfairly sold WEMIX tokens worth over $200 million in the market between February and October 2022, and did not comply with disclosure requirements under South Korea's Capital Market Act. The company is suspected of using these tokens to invest in external funds and obtaining stablecoin loans with Wemix as collateral.

According to Foresight News, Ripple has applied for an electronic currency license in Luxembourg and plans to introduce its stablecoin RLUSD into the European market. If approved, this license will enable RLUSD to operate throughout the European Union, in compliance with the requirements of the EU's Crypto Asset Market Regulation Act (MiCA). In April of this year, Ripple established a subsidiary in Luxembourg called Ripple Payments Europe SA, which appears to be preparing for the aforementioned license application. Luxembourg has numerous banking institutions that provide stablecoin issuers with diverse options for storing reserve funds, in compliance with MiCA's requirement that at least 60% of stablecoin issuers' reserves must be held in banks. A Ripple spokesperson stated, 'We see huge opportunities in the European market and plan to comply with MiCA regulations.'. Last week, Ripple also appointed Bank of New York as the primary custodian of the funds behind RLUSD.

The current total position of OKX BTC options contract is 36122.39 BTC, with a growth rate of 9.95% over the past 24 hours, indicating an increase in activity in the options trading market. Data for reference only Interpretation: Option holding refers to the total number of unexercised option contracts in the market, which can reflect the current market's views and expectations on the future price trend of a certain underlying asset. Data for reference only