CryptoExplorers says
The market is fairly normal. Before the position of 60,000, the bulls didn’t even have the courage to touch them. Now it’s normal to attack and be smashed back. This can only show one problem, that is, the bulls do not have an overwhelming advantage. If you have an impression, you can think about the time when Bitcoin broke through 20,000 and the time when 40,000. The bulls basically started to rise. At that time, one was because the expected rise was very obvious, and the other was the change of hands was very sufficient. The institutions headed by Du are crazy to attract money, so there is basically no sense of lag, and there is a wave of rising waves. This time, it is obvious that the market’s long power is not so sufficient. Therefore, even if the market moves upward, it is difficult to experience the hearty feeling of the past. The market will move forward in hesitation, perhaps the main tone is the upward turbulence. From the current point of view, the upward trend is still there, and it should continue to hold currency and wait for new highs.
The largest financial publication in the United States, "Barron's Weekly", showed the graphics of Bitcoin on the front page, indicating that Bitcoin has entered the mainstream media's field of vision. CryptoExplorers remembers that when he wrote his official account, few people around the world analyzed the crypto market. At that time, there were only 2 such analysts in China. Looking at today, not only the self-media has exploded, but also the mainstream media Both frequently participate in Bitcoin reports. This kind of blowout is embarrassing. Of course, the more mature the market, the more difficult it is for us to make money. I believe that after this wave of institutions enters the market, everyone will feel it.
Billionaire Daniel Loeb confirmed that he is a cryptocurrency holder and his fund holds cryptocurrency through Coinbase. So many bigwigs are optimistic about the market, their cognition must be stronger than ordinary people, and the correct rate of investing with successful people is often higher.
Amazon, eBay, and Wal-Mart can use Crypto.com to make encrypted payments for online shopping. In order to get more users, they also give users subsidies. Blockchain is originally used as the Internet for value transmission. In the future, we can use cryptocurrency to purchase items in Amazon stores far away in the United States, and then the global logistics system will help us deliver to our door. The supply chain is completed through smart contracts from manufacturers to shops. -Customer's entire settlement, no longer need to go through those damn payment channels and U.S. dollar settlement, easily complete cross-border shopping transactions.
The traffic of Cex in March dropped by 9% compared to February. According to the current data, the traffic data in February ranked second in history. The first was January 2018. That month was the beginning of the market's bull-bear conversion. The currency price has far surpassed the 20,000 U.S. dollars at that time, but the flow is still not as good as that time, indicating that the bull is not over, but it has reached the middle and late stages.
Judging from the traffic data reported by various exchanges, Binance increased by 37%, ranking first, Coinbase and Kraken fell by 17% and 30% due to policies, Bybit and Kucoin increased by 14% and 37%, respectively, and Huobi declined. By 9%. From this set of data, everyone should be able to understand why the rise of platform coins is so inconsistent.
The annualized premium of quarterly contracts due in June on exchanges has exceeded 40%, which means that the market is very optimistic about the market in the second quarter. For quarterly contract investors, if they make trend investments at this time, the end of June If the currency does not stand above 65,000, it will be stable and not profitable. Therefore, it is not suitable for trend investment at a high premium. Short-term speculation or hedging may be a better choice.
World asset rankings, currently Bitcoin's market value is 6th in the world, and Ethereum is 31st. In the past, this list was dominated by traditional businesses. Now it is dominated by Internet technology giants. The future will be the blockchain world dominance. Don’t believe it for 3-5 years. Let's see if it is right later.
An evil force is coming, looking forward to the trend after the historical high
The market always starts inadvertently. Although the madman can see the reduction of market selling pressure and the high change of hands, there is still no way to predict when it will start, so most of the time, they see the right result but guess the wrong process. There are so many good things in a week, but I chose to pull the market on the weekend when Lao Mei was sleeping. You said that this is the evil force, no one can tell. In this world, there are no gods who can predict the future. In many cases, it will be much simpler to lengthen the cycle. Many people say that short-term forecasts need to be asked by God, but madmen insist on doing this. As for whether it is correct or not, I believe you all There is a scale, at least in the trend, there are fewer madmen when they are wrong. This may be the place to really make money. Being a value investor with a big pattern will eventually outperform more than 90% of speculators.
The next two major events, one is the official listing of Coinbase, and the other is that VanEck's Bitcoin ETF will be approved or rejected by the SEC next month.
The valuation, pricing and sentiment of Coinbase's listing are all very high, so it is not surprising if it goes out of the trend of rising and falling. When Coinbase is listed, will it be the short-term high of Bitcoin? The madman believes that there is such a probability. If Bitcoin does not pull to a new high before the CB listing, then the positive landing will empower Bitcoin, but if Bitcoin anticipates these positives in advance, it will be possible when the positives actually land. Becoming a bearish, iconic events often have phased reversal signals.
In addition, regarding the Bitcoin ETF, the madmen who applied before have never thought that it can pass, but this time is different. On the one hand, many institutions have participated in Bitcoin investment, and on the other hand, the next door Canada has taken the lead in passing the Bitcoin ETF and invested In the transaction, participants will exert great pressure on the SEC, and the SEC does not want to be an eternal sinner or a man of the pot. Therefore, the probability of passing this approval will be 50%, and it will no longer be a small probability event. Once the Bitcoin ETF is approved by the SEC, it will be an inevitable event to pull another positive line, but this matter has to wait until next month. We are not in a hurry to make a conclusion. Let's take a step forward.
At the same time, the SEC began to review Wisdom Tree's Bitcoin ETF, and the asset management company Kryptoin Investment Advisors also submitted an application for Bitcoin ETF to the US SEC. The adoption of these Bitcoin ETFs is only a matter of time under the trend wave. We wait patiently. Yes.
Even if the future of the world is clear, there are maverick financial institutions, such as HSBC. Day before yesterday, HSBC said that it does not engage in cryptocurrency-related products. Today, it canceled MicroStrategy’s stock repurchase rights and included this company in the bank’s blacklist. I don't know if HSBC will be eliminated first because of this decision in the future, but with the CryptoExplorers perception of the future, I don't think that bankruptcy will be too long.
Third Point, a US hedge fund, holds cryptocurrencies through Coinbase's funds, and the amount and timing have not yet been disclosed. For major hedge funds, cryptocurrency should be the first choice for allocation.
The Dallas Mavericks owner Cuban began to study how NFTs can make more money for the Mavericks. At the same time, he said that Bitcoin will completely replace gold. The reason why this buddy can rank in the US fortune is not based on background and luck, but on possession. The ability to keep learning and choose the right track. He is also one of the richest people in the United States who are optimistic about the future of cryptocurrency.
Then there was Musk, and in the afternoon shouted again, saying that he was about to go to the moon. The madman watched the time to place the order, Bitcoin did not move, and Dogecoin burst one, indicating that Musk and Dogecoin are anchored in people’s psychology more deeply. Anyway, his influence, his doggies still have a chance.
The Premier League Southampton Club supports Bitcoin to pay performance bonuses. Crazy people feel that some people who are willing to pay with bitcoin are low-cost bitcoin, and those who are willing to accept bitcoin for payment are truly optimistic about the future.
There are reports that the $100 billion valuation of Coinbase is absurd because the future expectations are not so clear. The report said that when the cryptocurrency market matures, there will be countless competitors competing with Coinbase. Some people feel that this logic is correct, but it still depends on the long-term and short-term. In the long history, companies will eventually be replaced, just a matter of time. In the current 3-5 years, Coinbase's valuation of 100 billion will be no problem. He and Bitcoin will complement each other and go to the mass world.
Market analysis
Bitcoin:
Bitcoin did not go up directly, indicating that this historical high may be postponed. At present, the bulls still have the ability to directly go up, but it depends on the willingness of the market. If the position of 60,000 stands up again 1-2 times, it will be attacked by the bulls. The market sentiment and funds are still dominant, so the final attack is still a high probability event. Looking at the k-line alone, the box is still at a high level, and conservative investors can wait for the breakthrough and then stand firm before entering.
ETH:
Ethereum fluctuates at a high level. If this position is not hit, there will be a new high opportunity. Please wait patiently.
DOT:
High shocks.
XRP:
The 5th line continued to hold currency, and the court rejected the SEC’s request for Ripple executives to disclose financial records. Ripple’s first victory in law was a small good thing.
BCH:
A small supplementary increase is not a strong one, so you can lighten up your position.
LTC:
As the leader in supplementary growth, market funds chose him because Litecoin released its report for the first quarter of 2021 last night, stating that its daily average number of transactions, new addresses, and tweets have all doubled. Those who participated yesterday can continue to hold.
BSV:
Shock higher, continue to hold.
EOS:
The meaning is not over yet, so take it first.
XMR:
Concussion goes higher.
ZEC:
Just press the 5-day line to hold.
DOGE:
Continue to hold and wait for new highs.
SUSHI:
It looks like it is going to a new low again. On the one hand, it is the unlocked profit order, and on the other hand, it is grabbed by several major exchanges.
The recent big rises are all those that have risen slightly in the previous period. They have begun to compensate for the rise in the market. The strong coins are resting. We patiently wait for the style switch, because the trend of supplementary coins is often not very long. The root rise is almost the same. To do transactions, you should still be the leader.
That's it for today, I wish you all a happy weekend, see you tomorrow.
