The market pulled back to the 45,000 area, and it was repeated. There was no strong rebound, only constant negative declines. At this time, many investors were scared and felt that the bear market was about to come, and it was about to drop directly to 30,000. Madmen see that many investors choose to leave the market and open hedging at this position. This is human nature. When the market is extremely crazy, people forget the risk. When the market continues to be weak, people forget the vows to take more, so Most investors will make mistakes repeatedly in such a market. Eventually, the currency will become less and less, and the money will become less and less. If the bull market cannot make money for the winter, the bear market will only be sad. Now everyone is a little panicked, and I Cranium will give you some statistics:
Most institutions in the United States cost more than 30,000 to buy Bitcoin. Even for early investors, the average price has exceeded 20,000. American investment institutions have the concept of valuable investment, and they do not have multiple times the profit. , It is difficult to talk about shipments, even if it takes 3-5 years, it is still acceptable.
In February, the cryptocurrency trading volume exceeded $1 trillion, setting a historical record. The currency circle is entering the mainstream market. From this point of view, this wave of rise is a bull market 1.0.
The exchange's stable currency holdings exceed 7.8 billion US dollars, which means that a large amount of bottom-hunting funds are lying on the exchange. Once it returns to the support level, a strong rebound is bound to occur. 7.8 billion US dollars, but the reserve force of nearly 200,000 bitcoins.
Miners have stopped selling bitcoins in their hands since yesterday. There is no desire for miners to sell at this position. Where else can they fall in the short term?
Undoubtedly, the market adjustment has begun and it is a monthly callback. This wave of callbacks can be as short as 1-2 months and as long as 3-4 months. They are all within a reasonable range. The higher sky, after all, is above 50,000. Most of the newly-introduced leeks have been completely locked up. In the past few months, they will go up and down repeatedly to kill these locked-up disks. Therefore, the adjustment cycle of these months needs to rely on strength to make money. The days of lying and earning will fade for a while, and the ghosts and monsters will also fade for a while.
From the perspective of the strength of the callback, even Ethereum, the second largest in market value, will almost be cut from the high point, not to mention other currencies with small market value. This is why the madman recommends that you half-position the pie, because the pie is anti-risk To a degree, it is much stronger than other currencies. Although it will be relatively slow to make a profit, the investment itself should be like this. Slow is fast, so that wealth can grow slowly.
Market analysis
Bitcoin: Europe and the United States are resting, and the market continues to remain weak. On the one hand, the US economy is expected to recover (inflation expectations are weakened), and on the other hand, Bitcoin itself has risen 15 times, so this wave of callbacks is perfectly normal. Yes, even if the adjustment cycle is several months, it is all within expectations. Even if you are stuck, don't be too anxious. As the social process progresses and countries continue to open up the currency circle, it can be expected that more and more funds will enter the market, coupled with the blessing of many institutions, and the further deepening of the global currency printing trend, 58,000 will not It is the historical high of Bitcoin. After the adjustment cycle is over, new heights will be opened. What we have to do now is not to rush for quick success, and do everything possible to survive the adjustment cycle, continue to earn coins, and wait for a new round The coming of the bull market. Bitcoin is still volatile in the short-term. There is a strong support near 41,000. The above pressure is 48,000. If it rises too much, it will go out. If it drops too much, it will buy a point. Judging from today's trend, the short-term rebound probability is greater than the decline.
ETH: Today, we set a new callback low. If we can receive the top of 1300 today, the probability of a rebound tomorrow will be relatively high. The pressure on the top is 1600. The madman is worried that the night panic will come again. The stronger support levels below are around 1150 and 1050. Kill it directly, you can pick up some panic chips in a short-term.
DOT: The high position continues to fluctuate, and it is relatively strong, and there is a high probability that it will continue to fluctuate.
LINK: Today's upside was brought down, indicating that the short-term correction is limited, and there is a high probability that it will rebound tomorrow.
LTC: Relatively weak, strong support at 145, if you hit it down, you can fight for a rebound.
ADA: The strong one is Hengqiang, the 5th line will be held first without breaking.
XMR: Stepping back on the 200 support level for 5 consecutive days without breaking, you can wait for a rebound.
DASH: Set a new low, the short-term linkage pie is the mainstay.
DOGE: SpaceX has posted a Dogecoin on its new rocket engine, and Dogecoin has nothing to do with it. It is a shock in the short term.
UNI: The support level is supported and is expected to rebound in the short term.