OKEx Investment Research｜Short-term sentiment drops, Bitcoin fluctuates at a high level

特邀专栏作者

2021-02-22 17:19 (UTC+8)

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As of the 24 hours before the press release, the number of major virtual currency risers in the market accounted for 52.83%, slightly more than the 47.17% of the number of decliners, and the short-term market sentiment is neutral.

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OKEx BTC/USDT Perpetual Contract: (marketing software AICoin)

News: At noon on February 22, Wu Jihan tweeted, “Some valuation charts of Bitcoin need to take more into account the inflation of fiat currencies. In the first decade of cryptocurrency, inflation was very low, and commodities prices are in a bear market.” Indeed, the current round of bitcoin prices is largely due to rising inflation expectations. Of course, high inflation expectations are due to the Fed’s unprecedented quantitative easing policy, all of which stem from this once-in-a-century epidemic. It can be said that as long as the Federal Reserve's monetary easing policy does not exit, the bull market such as Bitcoin, bulk commodities, and the stock market will probably not end easily. Come to an end, so from a macro perspective, investors need to pay close attention to the Fed's movements.

OKEx ETH/USDT Perpetual Contract:

Ouyi OKEx ATOM spot

ATOM adjusted following the adjustment of BTC, and the trading volume did not appear to be significantly enlarged during the decline. However, it is clear that the center of gravity of the trend has gradually moved down in recent days, and it has clearly fallen below the low point on February 19 (21.8). in a weak state. As shown in the figure, the currency price rebounded slightly after touching the 6-hour MA60 moving average. It is necessary to pay attention to whether the moving average can continue to be held in the later stage.

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