OKEx Investment Research｜U.S. Treasury Yield Hit a New High in One Year, Panic Sentiment Caused Bitcoin to Hit a New Low

欧易OKX

特邀专栏作者

2021-02-26 18:38 (UTC+8)

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U.S. bond yields hit a one-year high, and panic caused Bitcoin to hit a new low.

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U.S. bond yields hit a one-year high, and panic caused Bitcoin to hit a new low.

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

News: Last night, the U.S. 10-year Treasury yield rose sharply to 1.61%, a record high in a year, while the 5-year yield broke through 0.75%, causing the market to worry that the Fed’s interest rate hike cycle will come earlier. Two days ago, Powell just said that the easing policy will not be withdrawn for a long time. Under this influence, the three major U.S. stock indexes once again fell sharply. Among them, the Nasdaq Index, which represents high-valued growth stocks, fell by more than 3.5%. Today, the Hang Seng Technology Index once fell by 6%. The degree of market panic is evident , Then today’s sharp drop in the Bitcoin market is of course also reasonable.

OKEx ETH/USDT Perpetual Contract:

Ouyi OKEx ATOM spot

ATOM is also linked to the decline of BTC, but this round of decline did not make a new low, and it stopped falling at a position slightly higher than the previous low. The volume price and MACD indicators also showed signs of bottom-like divergence, but the bottom divergence of the MACD indicator was not obvious. From the perspective of the overall shape, the first-line price of 15.6 marked in the figure is superimposed with three lower lows and one stage high, indicating that this price has a high degree of market attention, and more attention needs to be paid to the performance of the currency price when it touches this price.

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