Today’s root is a bit beyond expectations

CryptoExplorers says

This weekend, just write a little bit. When Europe and the United States are resting, it is obviously difficult to rely on other countries to push the market to new highs. The key point of 60,000 has not been able to stand up again, and there is no market as a whole. Strong, the rest will continue after the madness. The delivery of options is also a relatively large incentive. At present, the biggest pain point is 44,000, and the currency price is around 50,000. It is acceptable to the seller’s institution. In the past year, the market performance in the days before each quarterly option delivery is not counted. Great, this is also one of the reasons why few persons were not optimistic about late March at the beginning of March, and it seems that this time there is no exception.

The NFT hair of the founder of AAVE was sold for 107,000 U.S. dollars. The hair can be sold, and it was sold for 100,000 U.S. dollars. This is beyond people's perception. This can only show one problem. NFT is in a huge bubble and will soon return to its original nature.

Media analysts under Reuters believe that the yield on the 10-year U.S. Treasury bond will climb to 2% in the coming week. The yields of U.S. Treasuries are now more fierce than each forecast, but one thing that never changes is that whether it is Goldman Sachs Morgan, Bank of America or Reuters, they all believe that U.S. bond yields will rise to more than 2% in the future. The impact of currency will be huge, which is negative for future expectations.

The Central Bank of Nigeria withdrew the Bitcoin trading ban, and its central bank stated that it did not ban domestic cryptocurrency trading. Earlier news said that Nigeria banned cryptocurrency transactions. Another country turned from rejection to embrace.

The non-zero address of BTC reached 36.91 million, a record high. There were more people coming in, and the currency price did not rise but fell, indicating that the chips are being distributed, and the continued high-level shipments of big players are undoubted.

Tether printed 1 billion overnight, but it still failed to resist the continuous selling pressure from the market, indicating that the selling pressure is still not small. The market is either due to the increase in U.S. Treasury yields causing inflation to weaken, or there are some unknown negatives that we do not know. arrival. At present, it is still Zhonghe America that can have a huge impact on currency prices.

Market analysis

Bitcoin:

From last night to today, the bears are riding their heads and shit, and there is no room for the bulls to resist a little bit. This is still the case so far. Therefore, the daily callback will continue. How long the adjustment will be, it is difficult to give a final conclusion, at least we You should first see the bulls have signs of counterattack before ending the callback. Taking the hourly chart for example, we have seen at least 1-2 rebounds, and it may end if we continue. At present, there has not been a decent rebound from 60,000. Therefore, we need to be patient and wait for the market to pull back. .

ETH:

There is no independent market of its own for the linkage pie. Today's sharp drop has destroyed the recent volatility, so the possibility of a callback is greater than a new high.

DOT:

I thought it would go directly to a new high today, but the result was directly pulled down by the big pie. If it is wrong, stop the loss. The market cannot be spotted every time.

XRP:

Today, the independent upward movement is a supplementary increase. The overall situation is much weaker than most mainstream, so participation is still not recommended.

LINK:

Yesterday, it was similar to the upward spray. As a result, today it became stronger and weaker. The current 27.5 is a strong support. If it breaks below, it will stop loss first.

BSV:

At present, it is still in the shock range, and the downside space is relatively limited. After all, he did not rise when others rose, and there is a high probability that they will fall less when they fall.

ADA:

It is difficult for the quilt person to get rid of the quilt in the short-term, so do not participate first.

TRX:

Brother Sun's routine hasn't changed in recent years. He pulls hard just to close and run fast.

XMR:

Concussion linkage.

ZEC:

Yesterday was originally very strong, but today I went back and forth and was brought down by the market and stopped the loss first.

FIL:

If the daily line closes without breaking the 5th line (MA5), take it, and if it breaks below, take the profit first.

DOGE:

Shock.

UNI:

It is also difficult to move up independently in this way, and high shocks dominate.

The trend of the big pie is a bit weaker than expected. The short-term risk is greater than the opportunity. It is still not recommended to buy bottoms and wait for a clear signal to appear before participating.

That's it for today, I wish you all a happy weekend, see you tomorrow.