Thread by @JiangZhuoer

I said last Saturday that #Bitcoin would rise within one week, it on the rise since Monday. 📈🚀

https://twitter.com/JiangZhuoer/status/1530800909948637185

In fact, I also said that the crypto would rise on December 17, 2021 (from $48K), except the target was set too high and that prediction has drawn a lot of criticism. Lesson learnt, so I set a smaller target this time: $34K - $36K pressure line.

Breaking news: 65 new COVID-19 cases were reported on May 29 and Shanghai will end its lockdown on June 1.
A large wave of supplies can be exported to the US from Shanghai and reduce inflation. The Federal Reserve may pause increasing interest in Sept, and the party continues.

#Ethereum merge is expected to take place between October and December this year, with an 80%~90% production reduction (equivalent to 2~3 times BTC halving), plus EIP-1559's burning mechanism, making ETH the first real deflationary token. #Deflationary

Endless token burning + POS&Defi's massive #TVL, which will blow up an amazing unrealized market cap for #Ethereum.

This bull market ended on November 10, 2021(the end of the 4-year cycle), repeating history again. According to this, the bear market will end at the end of 2022, coinciding with the ETH's switch to POS.

As the necessary element for new applications + Web3, #Ethereum will be the leader to start the next bull market.