CrpytoExplorers says
The market has reached a key node. This position is a sensitive position. The phased choice of direction has been in these 1-2 days. The continuous buying of the bulls has enabled Bitcoin to gain an advantage in the 60,000 mark. With the 14th Nasdaq The major event of the listing of Coinbase is coming, and the currency circle is also in the early stage of violent volatility. For many investors, they are paying attention to how the traditional capital market sets the price of Coinbase and the real expectations of Coinbase's stock price, because this represents the big Capital’s view of the currency circle will have a huge impact on the future of Bitcoin. After all, upstart Bitcoin still depends on the look of the traditional big brother. No matter how awesome you are, the most basic respect for tradition is a must. All walks of life are universal.
Powell said yesterday that he hopes that inflation will be moderately higher than 2% for a period of time. This means that the loose environment will continue, and it is a relatively dovish mindset. Therefore, the macro economy is still very friendly to the currency circle. We must always pay attention to the movements of the Federal Reserve, because this will greatly affect our own wallets. At the same time, Powell said that the Federal Reserve is working hard to study digital currencies and do more in-depth research on the advantages and disadvantages of digital dollars. The Federal Reserve is also studying the use of blockchain technology, and the future trend of the digital world is irresistible.
The market value of Bitcoin has dropped to the lowest level in the past two years, accounting for 54.1%. This position is the most prone to short-term rebound. There are two ways to increase the data, one is the rising ratio of Bitcoin Other currencies are fast, and the other is that Bitcoin declines more slowly than others. At present, most persons are still more inclined to the first type. After all, the momentum of bulls is relatively stable. The big pie out of a new wave of new highs is still a high probability event. Data is one of the reasons why CryptoExplorers believe that the market will change in the near future.
Just now, the institution transferred 769 million US dollars of Bitcoin from Coinbase within 10 minutes, a total of 12,638. This is another big account. After buying it, it is withdrawn in batches. The more locked positions are withdrawn, the easier the market will rise.
A total of 15,967 GBTC will be unlocked this week, which will once again affect the discount of GBTC. The current discount of GBTC is more than -9%, and it is expected to increase this week. During the opening of US stocks, it is not conducive to the rise of Bitcoin. This big brave is now transformed into a big guy who only pulls and doesn’t eat. Waves of smashing effects will occur. Fortunately, judging from the situation in the past few weeks, the market has adapted to the smashing and smashing of GBTC. Discount.
Bakkt’s last cycle cargo transaction volume was US$387 million, which is a reasonable figure, mainly because the volatility of the currency price has decreased, so the volume can be slightly reduced. The overall market is still a bull market atmosphere.
The US SEC Commissioner Encrypted Mom said that we have missed the best time to ban Bitcoin, and that Bitcoin can only be banned by completely shutting down the Internet. Most persons agree with this point of view. Bitcoin has penetrated into every corner like dust on the earth. It is impossible to completely eliminate it. For things that cannot be destroyed, there is no other way but to embrace.
The founder of ARK Fund believes that Bitcoin may become today's gold standard currency because of its ability to increase purchasing power. It depends on how you say it. What the bull market says is correct, and what the bear market says is not correct. It does not have strong reference value.
There is another big event tonight. The Senate will consider Gary Gensler's chairmanship of the SEC. This buddy is an encryption fan and our ally. If he can be elected as the chairman of the SEC, it will undoubtedly be very good for the entire market and is worth looking forward to.
Market analysis
Bitcoin:
The key to choosing a direction is whether to spray upwards or return to the box to oscillate. There is no answer yet. Although some people believe that the market has a greater chance of going up, there is still a wave of sharp decline and the possibility of washing the plate and then going to a new high. Therefore, this Position Most of our positions hold currency, not to bet on the market, but to use reasonable position management to win the profits that the market gives us.
ETH:
The linkage pie, as a whole, has not gone bad. If it falls below 2080 today, there is a possibility that it will go bad, so you can hold it first.
Platform currency:
There is a collective climax, which is not a good phenomenon, especially the acceleration of BNB, which is likely to create a phased catch-up market, so don't chase high again, and take the bag as the main thing.
DOT:
High shocks.
XRP:
It is still above the 5-day line, and it is still defensive today. Take it first.
LTC:
The upward trend is still there, so continue to hold.
BSV:
This position continues to be under pressure, mainly because there were too many lock-ups in the wave of December last year, and they have to be digested before they can start a real supplementary increase.
ADA:
Today, I moved up a bit, but the new trend has not been established yet, so let's take another look.
XMR:
Slow is fast, accelerate the first day today, take it first.
ZEC:
The trend is quite strong, holding mainly.
FIL:
The 180 strong pressure has not passed, and there is a certain fall back.
DOGE:
It will take a few days to spend a few days near the former high, so wait patiently.
UNI:
Independently pulled up, benefiting from the craziness of various platform currencies, whether it is centralized or decentralized, it is a sector at any rate.
SUSHI:
Relatively weak, not participating.
Other currencies are basically linked to the big pie, and they are all waiting for the direction of the big pie. When the backbone is established, the main force can pull the plate.
That's it for today, see you tomorrow.
