Market Analysis: Is $40,000 Bitcoin a Recent High or a New Beginning?

Industry news

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Industry news

1. Bakkt intends to merge with the blank check company VPC to go public, and the valuation may exceed 2 billion US dollars

2. The Google search volume of "Ethereum" hit a record high and surpassed the last round of bull market

3. Bitcoin's seven-day average computing power exceeds 150 TH/s, hitting a record high

4. Fed's Mester said the Fed is assessing the possible impact of digital currencies

7. Morgan Stanley has acquired more than 10% of MicroStrategy

BTC market analysis

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BTC market analysis

BTC is now running in a narrow 4H cycle rising center, 39000 is the support bottom of the center, the largest retracement point of the 4H cycle is on the long-term moving average of the 1H cycle, and it migrates to the position of 38500-39000 year-on-year. The rise is immeasurable, the volatility is immeasurable, and the reluctance to sell is obvious. Not many sensible people will choose to get off at this time, and those who get off are always speculators.

What a wonderful fantasy is decentralization, and this fantasy is like a dream, how could it be worth a mere $40,000.

ETH market analysis

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Retail investors in A-shares can’t make much money because they look at the K-line every day, are influenced by emotions, and forget the original value judgment. Therefore, the core essence of trading is to forget the K-line, or even not to look at the K-line. The judgment and analysis of true value.

XRP/LTC/EOS/BCH market analysis

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Both LTC/BCH are in the process of sorting out the 4H cycle, waiting for the re-empowerment of mainstream coins or the new increase effect of small coins. There is still room for imagination for small coins in the market outlook, and they need to be patiently tracked.

DOT/KSM market analysis

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DOT/KSM market analysis