Market analysis: Has BTC stopped falling? Not all rebounds are called rebounds, the recipe needs to be consistent with the logic

特邀专栏作者

2020-12-10 11:17 (UTC+8)

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BTC will be an asset that many people have to allocate. This is an era, just like the Internet and technology stocks needed to be allocated in 2000, and now BTC and other related mainstream digital assets need to be allocated.

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BTC market analysis

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BTC market analysis

Yesterday we analyzed that the bottom low of the 4H cycle center was around 18090, the lowest point in the 4H trend yesterday was around 17600, and the rebound high was just at the bottom range of 18600 in the 1H cycle center.

Therefore, this rebound trend has not changed the downward trend of the 4H cycle. If it cannot stand above 18600, it is the continuation of the decline in the 4H cycle, not the expansion of the 4H center. If it is not for the expansion of the cycle center, then the downward trend of the market will not end. Now is not the time to enter yet.Although market heroes continue to follow the market position of BTC, we start to analyze this logic from more than 7,000. At that time, there were not many market opinions.

Now that BTC has reached 18,000, such opinions in the market have begun to emerge in endlessly, but the market is not driven by opinions, but by the main variable factors that affect the sentiment of market funds.

Now the main variable factors in the market have not changed, and the relative pessimism of the traditional capital market will also bring down the cryptocurrency market, which is a variable factor for short-term shocks and declines.BTC will be an asset that many people have to allocate. This is an era, just like the Internet and technology stocks needed to be allocated in 2000, and now BTC and other related mainstream digital assets need to be allocated.

ETH market analysis

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At present, to wait for the emergence of a raised bottom, the strategy is to wait.

XRP/LTC/BCH/EOS market analysis

secondary titleXRP/LTC/BCH/EOS market analysisTherefore, in our future mainstream currency, XRP is likely to be mined, tracked and configured. In addition, XRP is also one of the main currencies configured by Grayscale.