Market analysis: Even Elon Musk is starting to pay attention to Bitcoin, this is the trend

特邀专栏作者

2020-12-21 11:28 (UTC+8)

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In the face of the times, we can resist the digitization of the world and the digitization of assets, but we cannot change the tide of the trend.

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In the face of the times, we can resist the digitization of the world and the digitization of assets, but we cannot change the tide of the trend.

BTC market analysis

secondary titleBTC market analysis

Mr. Elon Musk posted a picture related to Bitcoin on Twitter, which sparked many discussions. Among them, the CEO of MicroStrategy, a US-listed company that has bought $1.3 billion in BTC, also suggested that Musk put Tesla’s assets and liabilities The table is converted from US dollars to BTC, and he is still interested in asking whether such a large transaction is possible. Musk can also be regarded as a man at the forefront of technology companies, and his attention and recognition of BTC is also ahead of him; the same horse, Horses who build rockets are in a very different situation from horses who engage in finance. In ancient times, there was a theory of north and south oranges, but today there is a theory of "horses" in the East and West.

In the face of the times, we can resist the digitization of the world and the digitization of assets, but we cannot change the tide of the trend.

In the short term, we use the 60 moving average of the 1H cycle as the strength decomposition line to judge the short-term strength trend and give risk warnings. Break down the 1H60 moving average, the 23000 mark will be broken down, and the 22400 position will be defended again.

ETH market analysis

secondary titleIt is not yet the time to buy, and the short-term and medium-term need to wait.

XRP/LTC/BCH/EOS market analysis

secondary titleThe increase of mainstream BTC and ETH this year has been large enough, and the market’s ability to absorb gold is already very strong. In the stage of market expansion, the continuous rise of the mainstream market will make more funds start to be allocated with a smaller increase, but with a certain value. Because these old coins have been baptized by the market, they already have a good market consensus. Therefore, its configuration effect is far better than that of new coins that need to be verified.