Market Analysis: Has Bitcoin Standing at 16,000?
Public data shows that Hdu Bitcoin Trust’s holdings have increased by 1,439 BTCs, and the total holdings are less than 1,000 BTCs from 500,000. It is worth noting that, in addition to Dabing and Ethereum, the recent H degree also seems to be a little bit fond of Latiao. It once again increased its holdings of 51,689 LTCs, and its holdings increased by as much as 7.2%. The rise of Latiao today may be strongly related to this news. After all, The impact of H degree on the market has been reflected in BTC and ETH. However, the current mainstream currency market is still a pool of stagnant water, and our large positions are still concentrated in Dabing and Ethereum.
On the daily chart, yesterday’s price ended in a negative cross. After the price touched the 16,500 line, it was under pressure and pulled back, and the intraday gains were about to be swallowed up as it approached the closing line. This shows that there is a strong suppression at the top, and there is no blind pursuit of Bitcoin in the intraday operation. , in case the market suddenly reverses and causes unnecessary losses. The lower support of Bitcoin has not been opened within the day, Dafang is still a rising market, Ziyu suggested to follow the trend.
On the hourly chart, the price upward trend is not strong, the Bollinger bands are gradually closing, and the range of price fluctuations is gradually narrowing. If the market cannot break through the suppression of the middle track within a day, the price still has the risk of a callback. The overall trend is currently still in a range, and short-term operations can maintain high altitudes and low multiples, but the long-term market is still rising.
BTC: Although there was a step back after breaking through 16400 points yesterday, from the perspective of the 4-hour level, the overall upward trend is still volatile, the trend is very healthy, and the continuity of the market is strong. Enlarged to the daily line level, the shape is also an upward trend after adjustment. Friends who currently hold spot stocks can continue to hold them until there is no trend-breaking rebound. Such a strong market must have two consecutive falls of more than 1,000 points without a rebound to disrupt the trend. The current situation is that the selling pressure is insufficient and the buying is strong, so we should continue to hold it.
ETH: Today’s market performance is mediocre, but it is still relatively large. Currently, the shape shows a tendency to fluctuate, so wait and see in the short term.
LTC: Despite the strong rise today, everyone has seen that there is no obvious breakthrough trend. If the pressure level is suppressed, it is not easy for Grayscale to increase positions at this point. Continue to observe.
Mainstream currency: The trend is very weak, and there is no capital attention, indicating that the funds on the market are not active.
