Market analysis: Bitcoin hit a record 10,000-point drop, so is the bull market over?

区块链骑士

特邀专栏作者

2021-01-12 10:40 (UTC+8)

This article is about 1097 words, reading the full article takes about 2 minutes

As long as BTC maintains the status quo, it is still worth looking forward to both technically and fundamentally.

AI Summary

Expand

As long as BTC maintains the status quo, it is still worth looking forward to both technically and fundamentally.

BTC market analysis

secondary titleBTC market analysis

Before Biden took office, he said that he would implement a $2,000 subsidy stimulus plan, and a larger water release plan would inevitably represent a higher tax plan for high-tech and listed companies as a supplement.

U.S. stocks fell sharply in response, and the dollar weakened, leading to a decline in the cryptocurrency market.

So the voice of the end of the bull market is endless, and in the past few days we only saw the argument that Bitcoin is at least 50,000 US dollars and 100,000 US dollars, so these domestic search engines are real centralized data push, because what is the market? In this way, what kind of news it pushes.

So let's venture back to the question that no one dares to face: Is the bull market over?From a fundamental point of view, the U.S. dollar and the U.S. capital market are still the main factors affecting the trend of Bitcoin, because it was born in 2008 to fight against the ever-oversupplying U.S. dollar, and now the U.S. has another round of economic stimulus to stimulate entities and suppress high-tech The company temporarily suppressed the stock market, so when the US dollar no longer flows into the stock market on a large scale, but flows to the entity, the US capital market is bound to be under short-term pressure, so there is no excessive flow of US dollars into cryptocurrency, but the $2,000 The dinner table plan will inevitably lead to the depreciation of the US dollar, and a weaker US dollar will be exchanged for the support of gold or BTC.

From this point of view, when Comrade Biden came to power, BTC is a fundamental situation that first suppresses and then rises, so is the bull market over?Short-term adjustment is an inevitable event, long-term weakness? I don't think so.technically,

There is only one Yin line on the daily line, and one K line. The thing of changing beliefs is the same in any capital market dominated by retail investors.As long as BTC maintains the status quo, it is still worth looking forward to both technically and fundamentally.

ETH market analysis

secondary titleETH market analysis. The wait-and-see position has been reduced, and some positions are also wait-and-see.

XRP/LTC/EOS/BCH market analysis

Both EOS and XRP have deteriorated fundamentals. Now the small mainstream is left with LTC and BCH. At present, they have fallen back to the starting position, but they are safer than the mainstream currency. If the mainstream currency stabilizes, as a large capital allocation plan, you can continue to wait and see . But if BTC continues to go bad, you cannot enter the market.