Bitcoin hits 10,000 for the fourth time, but it's not the focus this time
Editor's Note: This article comes fromHot Wheels Community (ID: FHBT18), Author: Pepe, reproduced by Odaily with authorization.
Editor's Note: This article comes from
Hot Wheels Community (ID: FHBT18)
Hot Wheels Community (ID: FHBT18)
, Author: Pepe, reproduced by Odaily with authorization.
In February 2020, Bitcoin broke through 10,000 US dollars, in May it halved and broke through 10,000 US dollars, in June it broke through 10,000 US dollars, and by July 26 it broke through 10,000 US dollars again.
On November 29, 2017, the price of Bitcoin broke through $10,000 for the first time!
Every year since then, there has been a record of breaking through the 10,000 yuan mark. It is no wonder that this time it was only a small search, and CZ no longer said "you can never buy BTC below 10,000 dollars":
Some netizens are teasing that the Bitcoin community may urgently need to recruit responsible electric welders to be responsible for welding the "car doors" below 10,000 this time.
It is also difficult for you to see the cheers in the various groups. I don’t know if they have all exchanged various online celebrity coins that are available or not, or they have become numb to it.
But is there any difference between this time and previous times this year?
Let Peipei take everyone to have a look:
This time, after nearly two months of shocks in the 9000-10000 area, there seems to be some unexpected upward rush, which may come from three factors:
1. Due to a series of international situations and macroeconomic issues that we intend to omit here, the demand for safe-haven has been significantly affected. The safe-haven financial assets gold and silver both experienced a sharp appreciation last week. The following is given by a netizen: A market comparison chart of :
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(There are similarities in the lines, but especially the logic of ether is not the same, please do not use this as a basis for judgment)
Although the hedging properties of the big pie are not clear, after all, we have reached the current price for the fourth year, but the new high of gold next door may drive the emotional side of the overseas currency circle and raise people's expectations for the btc market. Especially in the past few days, many overseas analysts believe that this wave of gold's rally is far from over.
2. The inflow of funds from the profits of the copycat season
Therefore, some analysts believe that this mainstream upward trend, compared with the previous ones, may be due to the transfer of these profitable funds.
3. Blank
When BTC reached $10,200, it triggered a series of leveraged liquidations, almost $74 million, and quite a few long-term contracts were liquidated on a large scale at $10,000. , but looking at the trend of the past two days, it also shows that around 10,000 is still a relatively strong resistance level and the psychological price of the entire market.
So now the question is:
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Is this wave just a rebound, or is it the beginning of a new upward trend?
I'm actually quite optimistic about the latter.
Although in the early analysis of Bitcoin, my thinking was bearish, but the market is always changing rapidly. Since the shock has not occurred for so long, it may really be that the bull market has reached a higher level. the taste of.
Why do I say this, I think you can pay attention to a few points:
1. What needs to be paid attention to is whether the 10500 position can break through
Judging from the picture of soul painters in the circle, the current breakthrough position on the upper edge of a long-term trend triangle is still very critical. From the perspective of trading psychology, if this position does not rise upward, there may be countless It is easy to push to a new height when funds follow up orders.
Like the Ethereum next door, there were previous data showing that it has a strong pressure around 280-300, and now it is easy to break through, and it is out of control once it breaks. I think this will also provide some market confidence for BTC , and today's title, this is the fourth time I have touched this position this year. According to the general rule, the more times I try, the more I try to go up, I will break through one day, and this time is almost in place.
2. About a month or two ago, we mentioned a wave theory, thinking that our shock after halving belongs to the fourth wave:
And this fourth wave is not necessarily a downward correction, there may be only some disorderly shocks in the middle, as shown in the figure below:
There will be another wave after that, but the public generally thinks that there should be a big correction after the rise and waits for it. They don't think that the next wave of main rise may be followed by disorderly shocks.
I still don't really believe in the wave theory, but looking at the recent paragraph, I don't know if such a plot will really come out, so I repost this picture for reference and discussion.
3. Although the greed index has started to rise again recently and points to greed (it was still in a state of fear last week):
But there is still a distance from last year's high point, and it has not even reached the level of February this year.
However, as the title says, if you don’t have special feelings or beliefs, choosing only Bitcoin this time may not be the best choice.
epilogue
Although these two days have also vaguely heard some comments about big pie sucking blood, but aside from the price performance of a single day or two, we are still in a season of copycats. The following figure shows the market value of big pie:
It can be seen that the recent period of decline is quite severe, and it is still in the lower track of a downward trend.
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epilogue
As for who should be shuttled, I think a thousand people have a thousand answers and configuration methods in their minds, but in the face of a market that is about to come out and the copycats are flying together or rotating, we would like to make a few simple reminders first:
1. There is no logic in a bull market. If you have sufficient funds and emotions, you can fly anything. It is even said that the more rubbish the less reliable or the more shunned by the public, the better the performance will be. So don’t take various Kind of a frame to set these targets.
