Why does Gouzhuang frequently cause troubles, and both long and short bursts?

In the past 24 hours, BTC has experienced two waves of decline. The first wave started to fall at 2:00 pm yesterday, fell rapidly at 6:00 pm, and stopped falling at 9:00 pm. In this wave, it fell from 6917 to 6683, a total drop of 234 US dollars.

The second wave started around 5:00 a.m. today, falling from 6761 to 6480, a drop of nearly $300.

According to the main transaction data of AICoin PRO version K line: in the past 24 hours, Binance BTC spot took the lead in selling large orders at 18:30 on the 15th. From 18:20 to 20:20, there were a total of 16 large orders of 899.51 BTC sold. Afterwards, the Huobi BTC spot began to suspend sell orders, from 19:40 on the 15th to 00:15 on the 16th. A total of 3 large entrusted sell orders with a pending sale volume of 2113.82 BTC appeared and 2131.97 BTC were traded. In the second decline from 05:45 to 09:05 this morning, Binance also took the lead in selling large orders, with a total of 21 transactions and 1666.8 BTC.

The above is the whole process of this wave of market decline. It was originally in a stable upward trend, but the main force suddenly sold a large number of chips, and the direct trend appeared a bipolar reversal. This is actually the epitome of the current entire currency circle. At every critical moment, such as hitting a key point like 7000, if retail investors directly decide the market, in a period of callback-rising atmosphere, the difficulty of a point like 7000 is not considered. It is too big, but often at this moment before the callback rises, the main force makes the situation worse and directly sells the chips, making the market unsustainable.

Affected by the overall environment of the current currency circle, the chips are concentrated in the hands of the main players, and the participation of retail investors has become low. In this period, not many changes in the chips can also cause an overreaction in the market. Even so, this is only a self-directed and self-acted decline in the currency circle, and it is not strongly affected by the external environment, but in fact, the BTC price change has not had a strong sense of presence in the global financial market in the past two days.

Due to lower than expected production cuts, the price of crude oil has fallen by nearly 25% in the past week, and the price has shrunk by a quarter in just one week, setting a new low in the past 18 years. With the release of the IEA monthly report data yesterday, the demand for crude oil this month is huge. It fell by 30 million barrels, the lowest level since 1995. What is even more worrying is that the recently coordinated production reduction will start in May, which means that this month's production will not decrease, and there is still room for decline in the future.

Coincidentally, the United States recently announced retail sales data for March, which hit the largest drop on record. The specific data shows that the monthly rate of retail sales in the United States in March was actually announced -8.70%, expected -8.0%, and the previous value was -0.5%; The monthly rate of retail sales actually announced -4.50%, expected -5.0%, and the previous value -0.4%. Another data showed that the U.S. April New York Fed manufacturing index reported -78.2, expected -35, and the previous value -21.5.

These two data have been worse than the Great Depression, new orders and shipments index also fell the most on record, the labor market indicators are extremely weak, the employment index and average working hours fell the most on record, and the price payment index showed that input prices increased. The speed slowed down, and the overall environment performed very poorly.

Going back to the current market, around 3:00 in the afternoon, the market has risen rapidly, and has risen to 6900, a rapid rise of 200 US dollars in a short period of time, and the highest point rose to around 7150 in the evening, and it started from the low of 6480 US dollars in the morning. It has already exceeded 650 US dollars, which almost confirms the suspicion that the banker deliberately did it: in the morning, he smashed the market to lure the short, and after collecting money at a low position, he directly pulled the market, and both the long and the short exploded.

The next key point under the 4-hour line is still the suppression of $7,000 and the 60-day moving average. It rebounded directly after bottoming out in the morning. The current big positive line has basically established a rebound market. It will close around 4 o'clock in the afternoon. Observe the next Can the Genyang line stand above $7,000 or even stand firm at $7,000 in one fell swoop.

This is also the main reason why Su Zhe reminded everyone in his article two days ago that he should try to stay on the sidelines. After the expected one-week form on Monday, the remaining variables of this week will be relatively large. Facts have proved that this is the case, so it is obviously wise to wait patiently and wait for the high-altitude plan, and the 6,500 long orders given last night are also good.