CryptoExplorers says
U.S. stocks rose overnight, and U.S. Treasury yields fell slightly, but Bitcoin did not follow. It fell from a record high to around 55,000 and fluctuated repeatedly, with almost no decent rebound. The Bank of America survey shows that about 43% of investors believe that the yield on the 10-year US Treasury bond will reach 2%, which is a bad sign. Many traditional financial analysts now include Bitcoin as a leading indicator because it is a 7*24 uninterrupted transaction, and the market is completely open and transparent, difficult to manipulate, and it is a real market behavior investment product. No one cools him down when it is skyrocketing, and no one comes out to protect him when it goes down, so his volatility continues to rank first in the global investment field. This kind of market-oriented behavior can more truly reflect the expectations of funds for future economic and monetary policies. Therefore, to some extent, Bitcoin will precede the stock market and commodities, leading the trend of the world. This is the power generated from the bottom up. It is more in line with the origin of the universe, and it is also the way the entire universe operates. If you are interested in this aspect, you can read Kevin Kelly’s "Out of Control". This should be one of the required courses after understanding the operating mechanism of the blockchain. After reading this book, you will know the blockchain and Bitcoin. How will it subvert the current social pattern.
According to a survey conducted by the Bank of Ruiz, 10% (US$40 billion) of the US economic stimulus will be used to buy bitcoin and stocks. It is expected that bitcoin will account for 60% of this part of expenditure, and the corresponding increase will be bitcoin2 -3% of market value. Judging from today's trend, it is expected that these ammunition will be consumed around 57,000. At present, the bulls have not seen a clear counterattack, so the overall situation is still mainly to lighten up on rallies.
Grayscale CEO believes that a 10% drop in the price of Bitcoin is a buying opportunity. These madmen think that there is no reference, and there is no logical call for orders, which will only prolong the market's callback cycle.
JPMorgan Chase’s report shows that institutional inflows decreased significantly this quarter, while retail inflows in the first quarter are expected to exceed institutional inflows. This is obviously not a good thing. Retail investors are highly speculative and difficult to hold for a long time like institutions. Therefore, Bitcoin is likely to be repeated in a large range.
Bitcoin accounts for 82.75% of the total volume against the US dollar. The second and third are Japan and South Korea, indicating that the United States is still the main battlefield. Japan and South Korea are also very crazy. The South Korean Internal Revenue Service is formulating regulatory policies and overseas financial accounts with more than 500 million won ( Including virtual assets) must be reported to tax authorities. The Korean Financial Commission also announced that crypto companies must report their business. At the same time, South Korea is also frantically investigating tax evasion using Bitcoin. In short, everything is developing in a more compliant direction, providing better ideas for the regulation of cryptocurrencies in Asia.
Tether just printed 500 million and 1.1 billion last night. The bottom-hunting funds went into the market frantically, which is temporarily regarded as an adjustment relay.
The total inflow of cryptocurrency investment products in the first quarter of this year reached 4.2 billion U.S. dollars, surpassing the 3.9 billion U.S. dollars in the fourth quarter of 2020, but the problem is that the currency price has nearly doubled, and the inflow of funds has only increased by 10%. It is difficult to support the current price.
In 24 hours, nearly 2 billion U.S. dollars has been exploded. Everyone is still cautiously participating in the contract, especially the white investors, who generally face the embarrassing situation of "the currency price has not changed and the currency is gone.
Market analysis
Bitcoin:
The rebound at this position as a whole is relatively weak. In addition to the node where the maximum option expires on March 26 (the maximum pain point is 40,000), the madman believes that every rebound is still to lighten up, and it is difficult to go back above 60,000 in the short term. This position will fluctuate widely. A 1-2 weeks is more reasonable, and the shock range is 47500-58000.
ETH:
Today, there was a slight rebound, but the overall shape is still not as good as the big pie. The high probability belongs to the rhythm of supplementary growth, and it is not recommended to chase the rise.
DOT:
The high level oscillates and the support level is 30.
XRP:
Today, I forced a wave. I didn't see any good news on the news. If I didn't understand it, I didn't chase it. After all, there were still a lot of jailed disks.
LINK:
The rebound is boundless, mainly to lighten up.
LTC:
Rebound mainly to lighten up.
ADA:
The high position continues to fall and does not participate.
TRX:
Brother Sun went to Musk again, and it was true that he wanted to buy the NFT songs released by Musk. The wave field rose by a wave, which is expected to be in the stage of supplementary increase.
XMR:
Continue to oscillate mainly.
FIL:
If the 5-day line is not broken, you can hold it first.
DOGE:
Musk intends to sell his NFT songs for 420 million dogs. Anyway, he has done it with dogs. Those who own dogs will wait for the richest man to call you orders every day. All technical indicators are not very good. It’s still not recommended for everyone to participate in the matter of luck.
UNI:
It is still recommended to lighten up the high position. Same as SUSHI.
After the tumultuous dance, the rest is the main thing in the second half of March. 80% of the investment market should be short positions, and only 20% of the time need to hold positions. Sometimes taking a break is a beauty.
That's it for today, see you tomorrow~!
