Market analysis: Bitcoin breaks through 11,000 US dollars, how will the market go?

区块链骑士

特邀专栏作者

2020-07-28 10:55 (UTC+8)

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Everyone is shouting that the bull market is coming, is it 20,000 or 50,000 this time?

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Everyone is shouting that the bull market is coming, is it 20,000 or 50,000 this time?

BTC market analysis

Screenshot Yesterday’s analysis, we are not bull market braggers. From the beginning of the year until now, the dead long players in the bull market, from 9300 to 9100, 8600 to 9500, 9600 to 9600, any below 10000 Firmly bullish dead bulls.

We have been firmly holding that after the escalation of confrontation, BTC has become the anchor currency of the new digital world replacing the US dollar.The CDBC system on the blockchain system replaces today's swift system and becomes a new global settlement system. These are beautiful imaginations, but this is also a logical reasoning path that can be established.

After BTC is recognized as a currency by the United States, the market demand will increase significantlyAt the same time, due to the rise of gold, BTC with gold attributes also benefits. Of course, there is another bullish factor, which isThe downturn in global stock markets and the weakening of the US dollar index。

We have analyzed before that the stock market and the digital currency market will form a certain period of seesaw effect. If the stock market is good, the attention of gold and the market with gold attributes will decrease, and the willingness to allocate will decrease, butIf there is an adjustment in the stock market, the digital currency market can attract the attention of investors and divert market allocation funds.

Once the market starts, it will be difficult to stop, the market heat has just picked up,Crazy investors and a lack of regulatory market will make it easy for the digital currency market to go out of the mad bull market.So don't judge the top easily.

ETH market analysis

As the biggest beneficiary of this round of ETH, we have always firmly believed that the leading market of ETH will come. After nearly 2 months of the central shouting, the market finally broke out.

At the current stage, the trend has risen by nearly 40%. From the current daily line, the trend is still there, but the 4H cycle is already heavy and stagnant., When others see opportunities, we usually judge danger; when others see danger, we should see opportunities.

At this time, everyone in the market is shouting too much. When the bull market is coming, we have to see that the market has diverged in the 4H cycle. The hesitation of profit taking and the madness of retail investors have made the entire market fluctuate. , but still fluctuating upward.

This is the irrational voice of inertial upward rush. The market's rise is no longer clean and tidy, which shows that the market may have the risk of adjustment at any time. So we still maintain the strategy of the day before yesterday,Unified analysis of XRP, LTC, EOS, BCH

Unified analysis of XRP, LTC, EOS, BCH

Screenshot yesterday's market analysis, coupled with our previous judgment,If the mainstream currency starts to spread and moves to the middle and late stage, the growth rate starts to slow down, and the market of small currency will explode, yesterday was a very important node. I think our reminder is very timely.