6.1 Bitcoin market analysis: eth takes the lead in charging, can btc be willing?

Bitcoin broke through strong pressure, ETH became the only currency among the mainstream currencies that broke the previous high, and the altcoins also continued to pull up. Everything looks like the spring is blooming, so which of these three types of currencies is the most investment in the near future value?

Needless to say, Bitcoin has been leading the rise of mainstream currencies during this period, and the increase has been greater than that of most mainstream currencies, and it has always been the most popular investment target in the currency circle. Bitcoin largely acts as a bellwether for the cryptocurrency market.

That is to say, other currencies will start to realize their respective benefits and potentials when Bitcoin rises. Generally, when Bitcoin rises, the increase of other mainstream currencies is only a matter of size, and basically it will not go against Bitcoin, unless it is the issuer. There are more serious problems with the maintenance side.

In the same way, when Bitcoin is in a downturn, other currencies will not be able to jump up. On the contrary, some currencies that were forced to rise by the dealer when Bitcoin was rising will fall particularly sharply at this time, because when Bitcoin falls However, the rise of other currencies requires great pressure and a large amount of capital, which is not worth the loss for the dealer. It is better to just burst the bubble and let it fall.

Recently, Bitcoin has been fluctuating at a high level, and there are signs of hitting the previous high again, but I don’t know if you have noticed that the current rise in the price of Bitcoin does not seem to be driven up spontaneously by retail investors, and even the voice of retail investors in this wave of rising prices is also quiet There are many, which proves that there is a high probability that institutions occupy most of the chips.

Even so, Bitcoin is still our first investment target. Whether it is retail investors or institutions pushing up the price, the general trend of the market is upward, but because it is currently at a high level, it may face a strong price of 10,000 US dollars again. The pressure is high, so we need to intervene strategically.

ETH has been in the limelight recently. On the surface, the main reason is due to the upcoming hype of ETH2.0, but it has nothing to do with ETH's recent good performance.

The performance of Ethereum this year is really impressive. First of all, the daily active address reached 380,000, which is a new high in two years. Its transaction fee is also the only network other than Bitcoin that has a substantial fee market, and the current average daily fee is basically about three times that of the third-ranked XRP.

Second, the stablecoins issued on Ethereum have exceeded US$7 billion, of which US$4 billion was issued in the past three months, indicating that the demand for stablecoins issued on Ethereum is growing.

In addition, there are now a total of 178,000 DeFi users, and only 5 months ago there were only 90,000 users, and the number of DeFi projects with locked assets of more than 30 million US dollars has increased from 1 project a year ago to 7 projects, which is also sufficient It shows that Defi is becoming more and more popular, and Defi is developing better and better, and ETH will naturally become more and more valuable.

Finally, compared to Bitcoin, Ethereum’s daily transaction volume is about 3 times higher, which shows its increasing usage.

Of course, the currency circle is indeed different from other financial markets. No matter how good its performance is, it must be favored by capital. ETH2.0 is a very good bright spot to attract the attention of the market. Sometimes it is necessary to exaggerate the momentum. After all, investors in the currency circle are greedy people who have no profit and do not take advantage of it. They do not present their interests in a concrete way In front of them, relying on their own self-consciousness to develop the value behind them is tantamount to nonsense.

Moreover, even if everyone thinks that ETH2.0 is not as exaggerated as the rumors in the later stage, if the value behind Ethereum can be discovered, ETH will not collapse too much, and it will even continue to rise. ETH is a good long-term investment currency. Only look at the gains and losses of the moment.

Finally, back to altcoins, the rise of altcoins in the near end is more eye-catching, but it is still the same point of view, the speculative nature of altcoins is greater than the investment nature.

In fact, this sentence is nonsense. Even the leverage of 50 times and 100 times on Bitcoin and Ethereum is more speculative than investment. In fact, this can be regarded as gambling.

Many people’s psychology of investing in altcoins is roughly like this. The altcoins will have nearly ten times or even dozens of times of upside potential. Compared with Bitcoin’s 100 times contract, they will not be liquidated. Even if they fall, they will continue to hold Well, this is typical self-soothing.

You must know that after many altcoin dealers withdraw, the market and trading volume will become a pool of stagnant water. At that time, the friends who are trapped can only wait for when the dealer and Xin Leek will remember this plate, with a glimmer of hope in their hearts. Sometimes it is really better to blow out part of the position directly than to be trapped all the time. When you are trapped, you are reluctant to cut it. If you are all focused on it, you will not be able to find new opportunities. This is actually the most worthwhile loss.

In short, everyone has their own ideas, and there are many people who like Bitcoin, Ethereum, and altcoins. If Su Zhe personally suggests, don’t put all eggs in the same basket, and allocate funds according to the degree of risk and preferences in your heart For those with lower risks, more funds can be allocated, and for those with higher risks, less funds can be allocated.

For example, Bitcoin and Ethereum can allocate 80% to 90% of the amount of capital, and the best altcoin is about 10% of the capital. The right is to join in the fun. If you make a profit, you should make a small amount of money. If you lose money, the loss is not too big. Su Zhe It is advised not to use altcoins as an opportunity to make a fortune, otherwise it is more likely to go bankrupt.

Yesterday morning, the broader market broke through 9600 US dollars, but the momentum of the bulls’ rebound did not last. The market quickly rose and fell back, and returned to the consolidation range of 9300-9600 US dollars again. At the hourly line level, it fell below the 7/30/60 daily moving average successively. Boll took the lower track, and the short-term market rebound was weak. Continue to observe the breakthrough of the pressure ($9600)/support ($9300) range within the day.

ETH's recent independent market has attracted a wave of market sentiment, but it has failed to drive a new market round. It can be seen from the fact that BTC has not hit 10,000 US dollars. For dealers, a few hundred points (9700-10000) The range is easy to pull, but behind the inaction is the weak trading sentiment of investors. After the pull-up, there is no sustained buying power, and there are uncertainties in the market outlook. Therefore, it is still prudent to operate. Before the trend comes out, it is not recommended to participate in heavy positions.

In this way, there is a middle line in the long line, and a short line in the middle line, which maximizes the efficiency of time, space, and capital. Long and short are all benefits, which is far better than blindly betting on the direction and frequent long and short orders.

The short-term and medium-term orders are used to judge the retracement situation in the trend market. In a round of obvious trend market, there are several large-scale retracements in the middle, and the long and short positions are changed without changing the trend. At this time, short-term and medium-term orders should be kept up in time, and long-term hedging orders should be made. When the callback is over, they should be closed in time and put the profits in their pockets.

In this way, there is a middle line in the long line, and a short line in the middle line, which maximizes the efficiency of time, space, and capital. Long and short are all benefits, which is far better than blindly betting on the direction and frequent long and short orders.

In fact, what I talk to you the most is about the platform. Don’t go to the small platform. There are really many routines. Don’t believe in the one-on-one professional free guidance contract. Friends have experienced this, deeply touched.

Therefore, the long-term leverage ratio must be low, within 5 times; the mid-term leverage ratio is about 10 times, and the short-term leverage ratio is 20-50 times, but the position must be low. When we trade contracts, we need to have long-term, medium-term and short-term thinking, rather than any transaction is a heavy position, 20 times or even higher leverage bets.

What we trade in contracts is not the market (rising or falling), but our own strategy. No matter how the market changes, we can open an order to make a profit; what we need to control in trading is not the market, but our own trading behavior. This is the only possible thing for investors to do, and it is also the only direction for learning to trade.

Success does not depend on blind positions, blind stop losses, and confused small trends. Instead, trade with the trend, cut off losses, and let profits run.

Reduce unnecessary transactions, and you will be closer to success!

In fact, what I talk to you the most is about the platform. Don’t go to the small platform. There are really many routines. Don’t believe in the one-on-one professional free guidance contract. Friends have experienced this, deeply touched.

Su Zhe thinks that no one will take you to make money for free, so some people really believe it by using some profit charts of small platform simulation disks... Everyone is an adult, so think more about everything. Friends who want to know more about the inside story of the currency circle teacher or play contracts can follow and contact Su Zhe [BTCsuzhe], or follow Su Zhe's official account [Su Zhe on the currency circle], and show you the currency circle teacher's single-handed routines and contracts drag racing.