CryptoExplorers says
Around $60,000, Bitcoin's positives emerge in endlessly, but the currency price still has not broken through, indicating that the suppression of shorts in this position is still quite strong. The currency price has basically been in a narrow range upward in the past two days. The relevant good news is as follows :
1. Paypal allows American consumers to use cryptocurrency to pay through Paypal wallet;
2. Visa announced that it allows USDC to be used for transactions on its payment network;
3. CME launches mini bitcoin futures contracts to give more small and medium investors the opportunity to participate;
4. The release of Biden's 2 trillion infrastructure plan reduces market tightening expectations;
5. JPMorgan Chase believes that the long-term value of Bitcoin reaches 130,000 yuan, and it is expected that institutions will vigorously adopt Bitcoin; (news today)
6. Coinbase was approved to be listed and traded on Nasdaq on April 14. It is worth noting that the average monthly revenue of Coinbase in the first quarter exceeded 400 million U.S. dollars, a record high. Based on this calculation, it will generate nearly 5 billion U.S. dollars a year. Very scary room for growth. (Today's news)
7. The founder of Grayscale issued a tweet in the morning: Bitcoin's new high time has arrived. (Today's news)
8. Morgan Stanley applied for indirect investment opportunities in Bitcoin for some funds, through GBTC or Bitcoin futures, increasing the possibility of institutions' second entry.
In the past two days, there have been so many positives. The currency price is still below 60,000. The madman is still not sure whether it can directly break through. At present, the mainstream currency as a whole is better than the big pie. As long as the mainstream currency (Ethereum, Polkadot , Monero and other strong tokens) can set a new record high. The supplementary increase behind Bitcoin is a high probability event. Therefore, the main focus of the two days is on mainstream currencies. The overall bull market atmosphere has not changed. Be cautious.
The research report shows that the coins listed on Coinbase are much stronger than other exchanges. After Coinbase's listing, the average increase of tokens is 91%, and the overall gains range from 32-645% after 5 days, while the average increase of other exchanges is 20%. Tianhou's income is -25%-+60%. This set of data supports the views repeatedly emphasized by CryptoExplorers in the past. If you do not choose a small currency, the currency listed on Coinbase is the best choice.
Recently, 12003 bitcoins have flowed out of Coinbase, indicating that institutions still exist to buy and withdraw coins. The overall speed is not too fast, and it should be directly related to the price of bitcoin itself.
The USDT premium rate is 2.44%, the price of Bitcoin has not risen, and the price of OTC continues to rise, indicating that the demand for stablecoins is extremely strong. This is a reserve force that will continue to rise in the future and is the basis for continued strength.
Encryption companies raised approximately US$2.6 billion in the first quarter, surpassing the total of last year’s total of 2.3 billion. It shows that the violent bull market is still going on. When the madness is at its extreme, it is not yet known. At least the industry is in a thriving state.
Tether issued an additional 1.2 billion USDT. This wave of funds has been hit very hard. It hasn't been printed for a few days, and it was 1.2 billion after printing. It is probably also to beat the premium.
The total market value of cryptocurrencies exceeds 2 trillion U.S. dollars, a record high. Although Bitcoin did not hit a record high, the magical dance of various currency groups still brought up the overall market value. The money-making effect is what the bull market should have.
Gray did not buy anything yesterday. The discount rate of GBTC was -8.51%, and the average discount in March was -6%. Even so, Bitcoin did not fall much, indicating that Gray’s impact on the market has been extremely limited, and from a data perspective Look, its products are no longer competitive in the rapidly changing market, and how to transform later will be of vital importance to the company.
Market analysis
Bitcoin:
Today, the bulls finally had the opportunity to touch the 60,000 heads, but they were pressed back by the bears within 30 minutes of being handsome. However, the force of pressing this time is obviously much worse than the last time. Therefore, from the perspective of the board, the bulls are better than the last. The short position was stronger before, and the short position was weaker than before. This change of strength and weakness may lead to a breakthrough of 60,000 US dollars in the near future. Therefore, the overall currency is mainly held, and the market is patiently waiting for the final choice.
ETH:
Today continues to rise to challenge the previous high. The current high has not yet reached a new high. The selling pressure near the previous high is not too large. The market outlook is expected to hit a new historical high. The focus is on whether the force to create a new high can stand firm. The bears will definitely wait after the new high. Counterattack.
DOT:
Today is the climax of the release, so the currency price is obviously under pressure. As long as it can't fall, it is expected to link Ethereum to continue to rise tomorrow, and his strong pressure is also after the new high.
XRP:
If it's not broken, take it first.
LINK:
It hasn't gone bad, it belongs to a healthy callback trend.
LTC:
It is not strong in the near future, and the linkage is the mainstay.
BSV:
Coming to near 230 again, this position is quite under pressure. It means that today there is a chance to strengthen, and you can try to participate again. His promotion also has to wait for the general opportunity.
ADA:
The overall situation is weak and the linkage is the mainstay.
EOS:
It has broken through the high point of this round, and the amount of energy is also released. It is expected to take the lead in rising waves. You can consider participating in the callback tomorrow.
ZEC:
Challenge the previous high, and link the front row to the mainstream.
FIL:
At present, the actual circulating disk is 10.14 million, which is the circulating market value of more than 20 billion U.S. dollars. And the computing power exceeds the baseline standard, the amount of FIL released by mining will increase, which is not conducive to the continued upward trend of currency prices. It is not recommended to participate in the medium and long-term. If you are willing to fight for a rebound in the short term, you can play by yourself. The logic is that the main Shenglang often has a chance to rebound in the first big drop.
UNI:
The trend is not particularly strong, we have to wait.
DOGE:
Musk said he wanted to bring a Dogecoin to the moon, and then the dog burst into a wave, but then it was a crazy smashing of the jail disk. It is still difficult to go directly in the short term, and the shock is the main reason.
CFX:
The CryptoExplorers reminded everyone that investors should unlock it before, but sure enough, it still smashed a wave. At present, there is a strong support near 1 US dollar. You can wait patiently for a wave of rebound.
There is nothing else to talk about. The overall atmosphere is a bull market, and the mood is very high, but the difference between long and short is not small. In this environment, it is a good time to try to break through.
That's it for today, see you tomorrow.
Good job