CryptoExplorers says
There was another wave overnight and was brought down mercilessly by the U.S. stocks. Tesla accepted the bitcoin payment and not only did not milk the bitcoin, but plunged a wave deeply, which would make the funds that “buy the bottom” according to the news be sacked again. , The upper holding plate is getting heavier and heavier. Although the Fed currently promises to remain accommodative until the economic recovery, the chairman of the Federal Reserve previously said that cryptocurrency is only a speculative product. Overnight, William said that cryptocurrency has not yet reached the standard of a medium of exchange, and Evans said that cryptocurrency cannot become a kind of transaction. The store of value, this change will shake some interested institutions who want to enter the market, and will also make the institutions that have entered the market choose to make a profit. This can be clearly seen from Grayscale’s recent discounts. Grayscale discount rates have once again hit historical lows, -14% for Bitcoin and -13% for Ethereum, indicating that GBTC’s buying demand is significantly less than selling pressure. The death spiral of is still continuing, and this situation has not seen any improvement at present, so Bitcoin will be more or less under pressure every time the US stock market opens.
Dario, the founder of Bridgewater Fund, said that Bitcoin is likely to be banned. Combined with some of the Fed’s recent speeches, he should have heard about the future policies of the United States, otherwise he would not directly make such a judgment. Therefore, the United States recently There may be reasons for the decline in time, not just as simple as what we have seen, we should remain cautious and calm.
The USDT premium rate is as high as 1.92%. The domestic copycat is still continuing. Biden's fiscal stimulus plan has already issued 80% of the subsidy. Even so, Bitcoin still plummeted in the United States, showing that the selling pressure is still very large.
Fidelity submitted an application for a Bitcoin ETF to the SEC. This is a big deal. The CryptoExplorers believes that maybe the first Bitcoin ETF in the United States is owned by Fidelity. After all, it seems more reasonable for such a giant to make the first shot.
Goldman Sachs submitted a new investment product application. The subject is a product of ARK Company. This product is mainly used to invest in cryptocurrencies. Therefore, Goldman Sachs also opened up products for indirect investment in Bitcoin for customers, which is conducive to more investors' participation market.
The Chicago Board Options Exchange is preparing to relaunch Bitcoin futures. He stopped the product in June 19th. Now it is resuming to see the future. Therefore, the madman thinks that the future of the crypto market is still extremely bright.
The sovereign wealth fund consulted NYDIG about the purchase of Bitcoin. It seems that this super fund is generating great interest in the crypto market. The sovereign wealth fund can be regarded as a national-level fund and can be understood as a means of storing value for the country.
IBM and Deutsche Bank are cooperating to expand the encryption business. It seems that in the encryption world, whoever seizes the hole first has the first mover advantage. Deutsche Bank has now grabbed more super orders because of its early encryption strategy. This will accelerate the layout and entry of global giants.
OKEX supports many fiat currency transactions, and it is no longer just a dream to exchange real-name cryptocurrencies for foreign currencies.
Blockchain company OBITX converts 65% of cryptocurrencies into Bitcoin, and its configuration is: 65% Bitcoin, 21% stablecoin, and 14% other tokens. The reason why the CryptoExplorers wrote this is that this configuration is quite reasonable at this stage, and you can refer to it.
At 16:00 tomorrow afternoon, the largest option in history will expire, worth 6 billion. I have said this many times, and 50,000-52,000 seller institutions can accept it. Therefore, the current price is within the acceptable range. By convention, after the option is delivered, Bitcoin will have a wave of rising prices, but this time. The CryptoExplorers is expected to have an upward rush, but the upper limit is huge and it is difficult to form a reversal situation.
Market analysis
BCH:
It is also stepping back on the strong support of the cabinet, and there is a high probability that it will not fall directly.
Bitcoin:
It is expected that after the option delivery tomorrow, there will be a rush to the market, but it is difficult to withstand the continuous pressure from the shorts in the near future. Therefore, the continuous adjustment trend has not changed. We can continue to watch the show and continue to rest. The opportunity for phased bargaining has not yet come. This wave of madman let everyone lighten their positions from above 60,000, and watch the callback trend all the way, and they are not optimistic about the market situation in the entire second half of March. Are you satisfied with this analysis? If you are satisfied, please give me a thumbs up after reading the article in a while~
ETH:
The overall K-line has broken out of position. This kind of super big double top, it is difficult to break through without continuous incremental funds, so continue to wait for the opportunity to buy the bottom. The overall linkage with Bitcoin.
DOT:
A sharp fall will directly step back on the bottom edge of the large box. This position has certain support. The probability of a direct fall is unlikely. It is expected that there will be a rebound in the short term.
XRP:
Where to go back and forth, lawsuits, how to be independent?
LINK:
Step back on the bottom edge of the box, 23 is a strong support, and it is expected that there will be a 1-2 day safety period.
BSV:
Upward has failed, and we need to wait for the next opportunity. This kind of spraying trend will always be true once, just keep trial and error with small stop loss and big take profit.
ADA:
Relatively defensive, it is expected that there will be a rebound from tonight to tomorrow.
EOS:
Choose the direction downwards, it is the beginning of another wave of callbacks, don't participate.
FIL:
Still an independent trend, hold it patiently.
UNI:
After the V3 version fell short of expectations, its currency price no longer showed resistance to falling. The madman said yesterday that a continuous fall will begin.
SUSHI:
The neighbor next door to UNI will have 47 million tokens to unlock in April, which has doubled several times. There is no doubt that it will hit the market. Therefore, don't hope too much in April. Maybe it is not good to bring UNI.
DOGE:
The big hat of the daily line is buttoned, and Musk's Shiba Inu is estimated to be back from Mars.
Most of the trading time is to wait for opportunities, good hunters must wait well.
That's it for today, see you tomorrow.
