CryptoExplorers says
The market has strongly broken through the key point of 52500, so there is no doubt that it should switch to long-term thinking in the short term. Before following the madman's bargaining chip to lighten up the position in the range of 55000-60000, this position can be taken back, although the cost is not very good, but It's better than nothing. The market is like this. When his trend is not in line with our expectations, we must respect the direction of the market and don't go it alone. If it is wrong, it is not terrible, and it is afraid of not admitting it. The strength this time is mainly due to the depletion of supply and the gradual intervention of demand. U.S. stocks rebounded, gbtc's discount rebounded, and Coinbase's premium index turned positive again, indicating that after the miner sell-off has decreased, US institutions have re-buyed. For example, Seetee, a subsidiary of Aker, bought 1,170 bitcoins yesterday, with an average price of at $49,573, a large number of ETFs and ETPs issued from all over the world have poured into the market, lowering the investment threshold for over-the-counter investors. The continued purchase of retail investors has also become an incentive for the market to become stronger. The current record high is only 8% away, which can be said to be a step away. The madman expects the record high to appear in the short term. However, due to the delivery of option futures at the end of March, the expectation that the new high will continue to rise will be lowered, and this wave of adjustments The time and space are not enough, so the madman believes that even if Bitcoin pulls a record high, it will fall back, and the possibility of wanting to do it overnight is extremely low. In terms of operation, you can participate in any short-term decline, and you must continue to gradually lighten up after the historical high.
A $200 million financing has been completed by NYDIG and will carry out bitcoin-related cooperation with investment institutions, involving investment management, insurance, banking, clean energy and philanthropy. Bitcoin's ecology is rapidly being established, and the things that traditional monetary and finance have can be copied in the encrypted world. This is a brand new world.
Goldman Sachs believes that institutions have a huge demand for Bitcoin, which will reach $100,000 by the end of the year. At the same time, it released a report showing that the return rate of Bitcoin this year to date far exceeds that of other major asset classes. On the other hand, S&P believes that cryptocurrency is speculative and does not have that much value. Who is right and who is wrong will see the difference at the end of the year, and the differences between major institutions are still a good phenomenon.
A South African crypto company moved to the UK because it was dissatisfied with the regulatory policy. This is one of the reasons why cryptocurrencies have survived. "You don't want to stay here, you have your own master" in the field of encryption. This itself is also in line with the characteristics of blockchain technology. It is completely transnational, making the world transparent and credible. Through blockchain technology, the United States can completely overturn the blockade of the United States in various fields. This is why my country vigorously develops blockchain technology. The real reason is that it is a once-in-a-lifetime opportunity to overtake a corner and give the world a fairer planet.
The founders of AKR support Tesla's increase in cryptocurrency holdings. Several big guys in the U.S. really decide their heads on their ass. After buying them, they will shout vigorously, no matter how high or low the price is, until they call out their faith. Sla ceo, ARK ceo, MicroStrategy ceo, Galaxy Digital ceo, they are the ones who can shout most.
In February, the number of visits to crypto exchanges exceeded 400 million, a record high since January 2018. It seems that it is not crazy enough and has not hit a record high.
The Federal Reserve survey shows that the inflation expectations for the next 3 years will remain unchanged at 3%. For those holding U.S. dollars, it means that holding U.S. dollars will lose 3% every year. If you choose USDT mining, the annualized rate will be 6-20%. It is not difficult, so the currency circle is still very advantageous. This target exceeded the 2% expectation. US stocks opened low and moved high, and are now continuing to rebound.
The U.S. government will auction a small amount of Bitcoin next week. I don’t know which crotch to take out the Bitcoin from. Selling it at this position indicates that it believes that Bitcoin has a higher realizable value. From a medium-term perspective, selling is more appropriate than holding. , After all, auctions need cycles, so it will be easier to sell on the left when it rises.
Market analysis
Bitcoin:
Looking at the new high in the short term, it should not continue to run too far after the new high. Go up and gradually reduce it. The specific logic has already been explained more clearly.
ETH:
Linkage with Bitcoin, the trend is still relatively stronger than the big pie, there is not much pressure from the top, and it is expected to link to a new high.
DOT:
Today's rise will weaken to strong in the short term. It is expected to reach a new high. Please wait patiently.
LINK:
Today, the amount is slightly smaller, there is support and pressure from the bottom, and the linkage moves higher.
BCH:
The gray scale did not increase the warehouse, the whole is mainly linked.
LTC:
Today, the heavy volume rushed to the pressure near 200, and the callback is a short-term opportunity to board the car.
ADA:
No weak to strong, no participation.
EOS:
Linkage moves higher.
XMR:
Did not go down, dug a hole and came back, hopefully re-linked to move higher.
DASH:
Today's rebound is quite strong and has a chance to continue.
UNI:
According to the Defi data, the number of Ethereum Defi active wallets has dropped by 40%, but Uniswap and 1inch still show a certain increase. This shows: First, Defi's track continues to enter the bottleneck period, which can be seen from the total lock-up volume. Out. Second, the funds continue to flock to the head, so the leading effect is obvious. The upward trend is still there, the market is going up, and UNI has no reason to fall independently.
SUSHI:
The trend is also good, you can participate.
DOGE:
The top selling pressure is still there and needs to change hands gradually.
AAVE:
The pullback has climbed out of the pit so deeply, it can be seen how strong the market is, but the top holdup is still extremely heavy.
FLOW:
NFT old leader, there is a new high trend. MANA and SAND also continued to be crazy and began to accelerate. Pay attention to gradually lighten up their positions.
The market has entered a period of madness, this period may be very fragrant, but in the madness, you must remain rational and be ready to settle down at any time.
That's it for today, see you tomorrow
