Musk's call for orders is no longer powerful, and the market is cautious within the day, soaring higher and falling
The most lively news in the market yesterday was still Musk’s call for orders, but this time not only did he not call for orders for Bitcoin, but he also canceled the introduction of Bitcoin on Twitter’s homepage, and then called for Dogecoin, and sent multiple messages in succession Twitter.
Dogecoin rose sharply again, with an increase of more than 50% within an hour. The price of the currency rose from US$0.04 to around US$0.06, but then fell back to around US$0.04. The market has gone through many times and is currently stable at 0.045 around the dollar.
We can see that it is true that Dogecoin has risen after shouting orders, but there are more ups and downs in the middle. Investors who gain income due to the rise of Dogecoin are bound to be far less than losses due to subsequent ups and downs After all, when Dogecoin started to rise, most investors were unable to react, and the subsequent ups and downs were the stage that most investors experienced.
At the same time, we can also discover one thing again. Recently, Musk’s calls for orders seem to be getting more and more "ineffective". Like Dogecoin, first pull the market quickly, and then sell the chips when investors enter the market.
The main reason is, of course, the diminishing marginal effect. I haven’t said it for many years. Occasionally, I will express it so clearly that it will naturally lead to a violent reaction from the market. , It is always difficult to resonate with investors without doing it. If Musk can directly announce his Bitcoin position or address at present, the effect will be different.
For positive examples, look at the CEO of Twitter and the founder of Grayscale.
Twitter CEO Jack Dorsey has always been a loyal fan of Bitcoin, Twitter also has a cryptocurrency company that specializes in buying Bitcoin, and this afternoon, Twitter CEO Jack Dorsey tweeted "Running bitcoin", and attached the relevant code, Suspected to reveal that it is running a Bitcoin node.
This can also be regarded as a representative figure of his own body.
Another founder of Grayscale is no worse than the other two, and he is always arguing with people who are not optimistic about Bitcoin. In the early hours of this morning, he also tweeted that Bitcoin will live longer than Goldman Sachs.
Of course, the more important thing is to act. During the period when Grayscale stopped buying coins, the founder of Grayscale was still calling for orders, but the price of the currency did not change much, and what should fall is still falling. Until recently, Grayscale After announcing the holdings, the currency price gradually started to react.
At present, the total asset management scale of Grayscale has officially exceeded 30.1 billion US dollars. The Bitcoin Trust (GBTC) traded at $37.95 per share, down 0.29% from the previous day; the Ethereum Trust (ETHE) traded at $18.98 per share, up 0.48% from the previous day.
According to the overall holdings of Grayscale, the recent increase in Bitcoin holdings is relatively average. What is more eye-catching is the increase in holdings of ETH Trust. Since the resumption of ETH holdings increase this week, it has increased its holdings by 83,677.84 ETHs. It is still in the case that there is no increase in holdings in one day, that is to say, in three of the trading days, Grayscale has completed such a large amount of ETH share increase, and ETH has also risen sharply in recent days. The correct posture for shouting orders.
Therefore, if you hear people like Musk shouting orders in the future, you still need to be more cautious. Don’t rush into the market after hearing the news, especially some currencies that have performed generally in previous years. It is so big that it shows that it is the result of the banker behind the currency, and the reason for the banker's boost is that there is a high probability that they will cut leeks and be careful to sail for thousands of years.
Back to the market, the market continued to rebound after a slight bottom at the opening today, and the bottom position was not deep. The low point was around $36,500, but it has now rebounded to above $37,600. It seems that the market is not weak. The objective situation This is true, but the trend of the market in recent days tells us that the most important thing is to look at the night.
The current trend is that it starts to pull back when it rises during the day and closes to the evening. In the end, the market decides how high the rebound will be after the pullback at night. On Tuesdays and Wednesdays, the market rebounds at night are relatively high, so a certain increase is still received in the end. Last night, the market rebound was limited, and the previous callback was too large, so the negative line was closed.
Observing the daily Boll, it can be seen that since the end of the market correction, it has been oscillating in parallel in the Boll channel. Before that, it was between the middle track and the lower track. In the past two days, it has broken through the Boll middle track and came to the middle track and the upper track. One of the reasons for the market correction yesterday was that it could not break through the suppression of the upper rail, and the suppressive effect of the upper rail was reflected when the market skyrocketed after Musk called for orders.
At present, the first rise in the day will still encounter this problem, but the suppression on the upper track is not unsolvable. For example, if the bulls are strong enough, they can directly open the Boll upward gap. According to the current market strength, the difficulty is still relatively large. , so at night, it is recommended that you still need to be vigilant, and there is a probability that a market will be formed to lure more.
ETH: Today’s trend is stronger than that of BTC. After the market opened, it fell slightly below $1,600 and immediately rebounded. Now it has reached above $1,660 again, and it is only about $30 away from the new high. No matter how hard you try, there is still hope to break Yes, if it hits the previous high, it will directly break through 1,700 US dollars, but still the same sentence, you still need to pay attention to it at night, the upper rail of the boll is not so easy to break.
LTC: Yesterday’s decline was stronger than that of BTC and ETH, but today’s increase is also stronger, which is in line with our statement that “the rise and fall are both strong”. The intraday pressure level is focused on $160. If there is a pullback, the lower support will look at $140 Dollar.
XRP: Affected by the skyrocketing Dogecoin yesterday, XRP also rose by more than 12%, but don’t be impulsive. The “cutting leeks” style of the previous few days is still vivid, but the recent trend has become active. As the time to go to court is getting closer and closer, many investors have already started to "bet", that is, there will be a 50% drop if they fail, but there may be several times the increase if they succeed. The statement cannot be denied, because it may return to zero directly if it fails, and even if it succeeds, it may only rise for a wave and then fall wildly. You still have to measure the risks yourself.
UNI: In the past two days, it has converged a bit and has not risen too much. Of course, it still broke a new high yesterday. It seems that it is still eager to rise. After such a long rise, it is not particularly stable to enter the market now. It is recommended to wait. Wait, if there is a 20%-30% callback range, it is safer to enter the market.
AAVE: Calculated from the beginning of 2021, in about a month, the currency price has increased by more than 460%, and it is still at such a high price. It seems that current investors still prefer AAVE, but for ordinary investors Said, it has reached the height where you dare not enter the market, so let's wait.
DOT: It broke a new high again yesterday, but its continuous selling pressure still exists in the near future. Later, we will look at the persistence of the currency price under the situation of selling pressure. However, the 20% rise the day before yesterday has already made The price of the currency is out of the operating range of 15-19 US dollars. Next, we will look at the support of this range if it is back-tested.
