The power of Musk's words makes Bitcoin continue to move forward with difficulty,remain cautious丨market analysis

区块链骑士

特邀专栏作者

2021-05-17 14:09 (UTC+8)

This article is about 1287 words, reading the full article takes about 2 minutes

Structural opportunities are reduced, and positions should be held cautiously.

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Structural opportunities are reduced, and positions should be held cautiously.

1. BTC market analysis

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1. BTC market analysis

Recently, news about cryptocurrency regulation in various countries has emerged in an endless stream. South Korea proposed to establish a standard threshold for the issuance of cryptocurrency; China Securities Journal pointed out that digital currency has high risks and should be vigilant against risks. Supervision is on the way, which is a normal thing for the blockchain industry or any industry. And these policies are not as powerful as one of Musk's tweets.

BTC is actually highly centralized and centralized. In fact, we all know this. The global computing power is concentrated in the hands of a few large mines. We all know it, but why the market is still in shock and down when such news comes out Woolen cloth?

Because BTC is undergoing the longest adjustment since it was $10,000 to $60,000, this adjustment is just like the adjustment of BTC in the range of 7,000-10,000 at that time, and the wide range of shocks between 40,000-60,000 is also about 30%.

Technically, the amount of this wave of exchange is greater than that of the previous wave, which shows that there are more people entering the market in this wave of retail investors, and it also fully demonstrates the hot market situation. The rebound can break through the 53000 strong and weak dividing line, which determines the length of time for this wave of market in the future. We need to be careful to see that 43000 is the last line of defense of the center and deserves our close attention.

2. ETH market analysis

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When will ETH form a bottom and start to rebound, and the remaining structural opportunities will emerge.

3. LTC/XRP/EOS/BCH/ADA/DOGE market analysis

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3. LTC/XRP/EOS/BCH/ADA/DOGE market analysis

ADA rose against the trend for no reason, which made us a little confused, so this opportunity was missed. What does the rise here mean? This is what we need to dig deeper.