It's not just August that's over, it's a bull market rally
Short-term market analysis:
Operation suggestion:
Operation suggestion:
1.12000-12100 entry layout empty order, default stop loss, target 11450-11500
2. 11500-11450 enters the market with multiple orders, default stop loss, target 11800-11750
ETH operation suggestion:
ETH operation suggestion:
1.485-480 enter the market and place an empty order, stop loss 5 points, target 447-437
2. Retracement 447-450 to enter long order, stop loss 5 points, target 460-465
3. If the market rises and breaks through 490, it is recommended to watch more and do less, and you must not blindly chase the rise to avoid being caught.
Interpretation of market outlook:
From 8:00 am on the 30th to 18:00 (10 hours), the top three net inflows of funds are: BTC (+69.1556 million US dollars). It can be seen that Bitcoin has been stimulated by news and weak shocks, but has not been able to fall below the market The weak psychological position is no longer a concern for everyone, and today is also the road to rebound. Although the increase is not large, it is less than 200 points overall, but it is also good for the "statutory immovable day" on weekends. It is considered a normal market, so what impact will it have on the next Bitcoin market?
In fact, in my personal opinion, the stimulation of the news has a very limited impact on Bitcoin and Ethereum. On the one hand, YFI itself is less well-known, and it has risen sharply in a short period of time, and directly broke through the history of Bitcoin. High, its highest hit the highest line of 44,000 at noon today, more than twice the highest level in Bitcoin history, and its siphon effect in attracting funds can be imagined. On the other hand, Bitcoin and Ethereum have been extremely weak for nearly half a month time, and the so-called bull market gimmicks are constantly worn down, and the overall market is also dominated by short positions. In the delivery contracts, the quarterly, monthly, and weekly contracts are all approaching the delivery period, and the open long positions will also be forced to liquidate. Then this is the outflow of a large amount of funds. Although there was a net inflow of funds on the morning of the 31st, it is obvious that this amount of funds is insignificant under the terrifying figure of 2.22 in the long-short position ratio, which means that the market as a whole is insignificant. The promotion effect is only short-lived. After the market rebounded in the morning, the weak shock in the white market and the callback to below 11600 is a very clear proof.
In fact, in my personal opinion, there is no need to worry about the promotion of Bitcoin due to the YFI siphon effect of absorbing funds from outside the circle. First of all, because Bitcoin lost the siphon doubling effect of the previous few years, under the reflection of YFI Obviously, the absorption of funds is far behind, so there is no need to worry about this problem before the end of the YFI siphon effect. Therefore, in terms of our operations, the thinking does not need to be changed too much. The trend of short-term dominance has not changed!
