Bitcoin is now the master of the global market. On the one hand, it is the number one in the hot search on various social media, and on the other hand, it is due to the stock market crash caused by the collapse of Bitcoin. It is difficult to imagine that Bitcoin will grow up a little bit and will become this The giants of the world, the consensus force promoted by the bottom people, are terrifying and destructive. Now some American technology giants are heavily holding Bitcoin, such as Tesla, Mircostrategy or Paypal and Square. Once Bitcoin drops, it means that these companies will have to bear selling pressure in the US stock market. A good example, the fall of Bitcoin led to Tesla’s sharp correction, and Tesla is the leader in new energy and technology stocks. The collapse of the leader led to a series of panics, which ultimately represented the acceptance of technology. The Stark index closed down -2.46%, and the Dow Jones still closed in the red. This is the butterfly effect triggered by the decline in Bitcoin. In the future, as institutional investors deploy Bitcoin more and more deeply, this effect will become stronger and stronger. Will Bitcoin become the world’s core asset? We are really worth looking forward to. Maybe when Bitcoin truly reaches a balance between supply and demand In a stable state, he is the hard currency of the earth.
For the market, we have no way to predict where is the top and where is the bottom, but when extreme markets and emotions arise, we can often solve this problem better through position management. For example, my previous advice to some of my friends is 55,000 Lighten up your position by 5-10% for every 1000 increase above, so that some positions can be sold at the highest point, which is a good way to avoid the pain caused by the full position callback. Similarly, when buying, you can also use fixed investment or every callback to reach the support level. Method to increase the position, this can also prevent running short. This is the case of position management for actual trading. Good position management can help us avoid some uncertainties in trading, which is the importance of position management.
Canadian company BIGG Digtal Assets announced the purchase of 60.7 bitcoins. The total number has reached 300. With the decline of bitcoins, crypto companies have begun to buy bitcoins. This is a good thing, indicating that institutions are still buying and buying under panic. , And did not believe that Bitcoin has no real value because of the fall of Bitcoin.
Yesterday’s decline in Bitcoin has a certain relationship with the U.S. money market. On the one hand, the U.S. money market is betting that the probability of the Fed raising interest rates by 25 basis points by the end of the year is 70%. On the other hand, U.S. Treasury Secretary Yellen said that Bitcoin is often It is used for illegal financing and is inefficient. At the same time, it is believed that Bitcoin is highly speculative and should be taken care of. If the United States raises interest rates, it means that the US dollar will return strongly, and it is also a sign of tightening liquidity, which is very detrimental to the anti-inflation Bitcoin.
In the past 24 hours, the contract market has liquidated nearly RMB 30 billion, close to 312 liquidated positions. Even the Defi market with a low pledge rate has liquidated $35 million within 24 hours, a three-month high. This shows that this wave of bulls were killed very badly, and the bulls who were beaten up and crying will rise up to fight back. Therefore, investors who have not closed their positions can wait patiently for the rebound.
The German ETC Group's Bitcoin ETP management assets exceed US$1 billion. Institutions from various countries are still entering the Bitcoin market continuously, so the callback is still an opportunity to get on the car.
The total market value of Bitcoin is once again below trillion dollars. The madman has said before that the integer mark of trillion dollars is difficult to achieve overnight. Those who say that they can no longer see bitcoins below 50,000 are beaten in minutes. The madman still maintains his previous view, not only below 50,000. You will see that if you adjust the limit enough, you will still see it below 40,000, but it is difficult to see the high probability below 30,000.
Bill Gates talked about Bitcoin again. He believed that Bitcoin is a fanatical state and should be invested with spare money. If Musk is not as rich as Musk, he should still control risks. This is still a very neutral view. Due to the high volatility of Bitcoin, madmen also suggest that everyone use idle funds at their disposal to participate in investment, otherwise the market will teach you how to be a man in minutes.
The normalization of a small increase in holdings indicates that Bitcoins above 50,000 are not very attractive to institutions.
Greed index 94, in extreme greed, it is estimated that tomorrow's data will drop significantly.
Market analysis
Bitcoin:
Bitcoin has retreated sharply for two consecutive days. This trend of high and heavy volume is very bad. There are two possibilities behind it. One is that the bargain-hunting army is very strong and then grinds to a new high. The other is to rebound to form 2 tops, and 2 tops are very strong. It may be around 52000. The madman believes that the latter has a higher probability. The trend of callback has basically been established. Lightening up on rallies should be the main tone of the subsequent market. If it can be pulled back to 38000-42000, it is a good opportunity to increase positions. In the past one or two months, there will be repeated tossing between 40,000 and 52,000. If there is no trend in the market, you can sell high and buy low. Don't participate in the market too aggressively. As for the short-term market, there will be a rebound demand after two consecutive declines. There is no need to panic and kill the decline. Those who have not lightened their positions before can wait patiently until they are above 50,000 to consider. After all, the market is still a bull market. Don’t be scared like a bear market. I will get rid of the set in 2 months, and set the immortal.
ETH:
It took only 2 days for 2000 to fall to 1400, a 30% drop. This is the currency circle. You can get rich in an instant, and you can lose money in an instant. So when you are crazy, madmen keep reminding you of risks. This position is currently supported, waiting for the rebound tomorrow and the day after tomorrow.
DOT:
Heavy volume bottomed out and rebounded, and a rebound in the short term.
XRP:
It doesn't rise when it rises, and it can't hold it when it falls. This is the logic of the weak.
LINK:
It has fallen by nearly 50% in two days. It is dangerous not to run. In the short term, we will see a rebound, but not too strong.
BCH:
Very weak, not participating.
LTC:
Stepping back on the platform, it will rebound under support in the short term.
ADA:
The strongest currency in the mainstream currently has the possibility of a new high behind it.
EOS:
Following the market collapse, look at the strength of the short-term rebound.
DASH:
Pull back to support, rebound mainly.
DOGE:
You can beat the rebound after the new low.
UNI:
The painting is back, and there is also a short-term rebound demand.
The small coins have all fallen. They rise as fast as they fall. Risks and gains coexist. I hope that through today’s plunge, everyone can recognize the risks, and the future investment path will be smoother, and the market will no longer kill in the short term. Fall, wait patiently for a rebound.
That's it for today, see you tomorrow!