Ouyi OKEx Investment Research｜Surprise but no danger, Bitcoin once again stabilized at the 53,000 line

Market sentiment: According to the data from Feixiaohao, the number of major virtual currency risers accounted for 55.28% in the 24 hours before the press release, which was significantly higher than the 44.72% of the decliners. Compared with yesterday, the short-term market sentiment has significantly recovered. Among all the virtual currencies included in the statistics, the number of currencies with an increase of more than 10% reached 708, which was significantly higher than the 516 that fell.

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

News: Musk said that the bitcoins paid to Tesla will remain as bitcoins and will not be converted into legal tender. This means that the bitcoins used to buy Tesla will be locked. Although Musk’s statement is not legally binding, it will still be interpreted by the market as a positive for the bitcoin market. After the news appeared, Bitcoin did experience a brief rise.

OKEx ETH/USDT Perpetual Contract:

OKEx ETH/USDT Perpetual Contract:

Last night, ETH adjusted synchronously with Bitcoin, and the decline was not too large. And from the perspective of trading volume, the trading volume associated with the recent downtrend is significantly smaller than that on March 15, not to mention the comparison with the adjusted market in late February. At present, the currency price has stopped falling above 1632, and the 1632 line is the area where the high point on March 3 and the low point on March 8 coincide.