CryptoExplorers says
The market is too boring. Last night it pulled a wave, and then it has been horizontal until now. The key point of 56500 has been repeatedly rubbed. Since the delivery of the rights on March 26, the selling pressure on the market has decreased significantly, from the day before yesterday. Today, Bitcoin is basically rising steadily. Although the demand is not as strong as before, the supply on the disk has not appeared. Therefore, this situation may continue, as long as there is no event that triggers selling pressure, such as the continued rise of US debt, or The regulatory layer is suddenly negative, etc. Bitcoin should continue to move in the direction of least resistance, that is, the upward market trend. The 56500 layer of window paper may pass at any time. Therefore, if the position is not heavy, you can consider adding more positions and wait patiently for the market. The shock is higher.
The founder of Gemini believes that the US zf will never ban Bitcoin because the regulatory and courts have clarified these issues. This is also one of the dead longs in the currency circle. His words cannot be fully believed, and the supervision will change with the future. It is too early to say that banning is not banned, but we can think that Bitcoin is difficult to be banned. This kind of playing underground channels The more banned it is, the more difficult it will be to supervise in the future.
Purpose's ETF increased its holdings by 800 bitcoins in the past week. This scale is simply too small compared to the previous grayscale buying more than 10,000 a day. It can be shown that at this position, institutional buying has decreased significantly, but the overall selling pressure is not large, so it is difficult to see skyrocketing and plummeting later. The trend is mainly turbulence.
Tether issued an additional 800 million USDT, and it has not been issued for a long time. From the side, it shows that the incremental funds are decreasing. The exchange stable currency balance is 9.8 billion USD. At present, there are still a lot of reserves. So it doesn't have the trend of big ups and downs.
Nothing, the weekend was deserted, as if it had returned to 16 years, the market temperature has dropped, and this location is estimated to be inked for a while.
Market analysis
Bitcoin:
Three consecutive positives on the daily line regained the previous sharp drop. We can think that the institution smashed an option for the delivery of options, so that for the seller institution, they can save a lot of expenses. For the market, that big Yinxian released a lot of profit, and completed a wave of hand changes. Now that the price has recovered, it often indicates that it will continue to rise. However, from the current point of view, the increase is not large, so it is expected that it will be blocked and fall back around 60,000, and repeated highs will inevitably be unavoidable.
ETH:
The linkage shock is the main factor.
DOT:
The rebound is quite weak, and a callback is expected later.
XRP:
This position is horizontal, and the market outlook has a chance to continue upward.
LINK:
The linkage rebounded, regaining the big Yinxian, and continued linkage as the main focus.
ADA:
The founder of ADA said that he would cooperate with Ethiopian zf to complete the public chain deployment and is currently in the process of going through the process. Today's walking is quite satisfactory, and the upward momentum is not too strong.
EOS:
Blockone is suspected of transferring USD 1.3 million worth of EOS to a different platform. If EOS does not show up again in this bull market, I am afraid that there will be no chance. It is recommended that those in stock follow the team and gradually sell higher. The era of bragging is gone forever.
TRX:
Can continue to hold.
FIL:
Like SUSHI, the ban will be lifted from April, and about 7.9 million tokens will be released on the entire network. This will greatly increase the circulation and bring some selling pressure to the market. Therefore, he is not optimistic about the April market after his explosion. .
SUSHI:
The recent trend is very weak, and it is inevitable that it will fall further after being unlocked in April.
Today, the coins on Coinbase have risen quite sharply, indicating that the old Americans who entered the market have switched from speculating on bitcoin to speculating on small coins. This is similar to the bull market in 17 years. Therefore, the small coins on coinbase may be scrambled next to each other. It is recommended Everyone pays attention to some currencies that have not yet risen sharply in the middle and back rows. There may be a certain opportunity during the shock period of Bitcoin.
That's it for today, I wish you all a happy weekend, see you tomorrow.
