Musk "teasing" the cryptocurrency market, the market temporarily stopped falling
This market has been ruined by Musk.
Early this morning, Tesla CEO Elon Musk hinted on social media: "Tesla may or has sold its Bitcoin holdings." A Twitter user left a message to Musk saying: "Bitcoin people (holders) will definitely slap themselves in the face next quarter (after the quarterly earnings report) if they find out that Tesla has sold off the remaining bitcoin holdings .” Musk responded to the tweet with the word “Indeed.”
The market immediately began to enter the downward phase again, falling below $44,000. In the morning, the news continued to ferment, and the market’s bearish sentiment became more and more intense. Bitcoin also fell to around $42,000. Unexpectedly, in the afternoon, Musk was pushing In his reply, he also stated that Tesla did not sell Bitcoin.
I believe that the first reaction of most people is: being tricked. After being blown up by Musk's words, I found out that it was just a joke, and I must have all kinds of feelings in my heart.
In fact, this still proves that this market is too fragile. After finally finding a powerful supporter, he desperately regarded him as a thigh, but he didn’t know that when this thigh kicked the currency circle back, the currency circle was even more injured. If such an incident happened in the U.S. stock market, the amount of fines Musk would be fined would definitely not be a small amount. At this time, the benefits of traditional supervision have instead been shown.
Musk's series of operations actually illustrates one thing: he regards the currency circle as a plaything. Such a person is terrible in a place where there are no taboos. He doesn't need fame or support. Favorable things.
Everyone seems to be wary of animal coins again.
CCTV's financial channel reported the recent skyrocketing and plummeting incidents of animal coins, which may not mean to make everyone vigilant about animal coins. On the other hand, V God started to act again. V God burned the remaining 90% of his wallet worth 7.7 billion US dollars in SHIB. Affected by this, SHIB skyrocketed by 34%. Go down and put coins into his wallet.
Is this a good thing for Shib? uncertain. There was a very important point that Shib was noticed at the beginning, that is, he sent half of the coins to God V, and forcibly got in touch with God V, and now God V has automatically cut off this connection. What is the difference between any animal coins that are about to go to zero?
In addition, there are still a lot of animal coins being transferred to V God’s wallet, and the amount is more than 50% of the issued coins. The more such behavior, the worse it is for animal coins. If you are impatient, you may directly express your dislike or even uselessness towards animal coins.
But also for animal coins, this seems to be a way to rub the heat, which also shows that most of the animal coins are worthless. In terms of value discovery, apart from getting in touch with God V, your own value may not be as high as your own. I can’t tell why, the animal currency can be used as part of the history of the cryptocurrency market, but in the end it just stays at a certain moment and cannot follow.
Back to the market, the market fell below 44,000 in the middle of the night yesterday, rebounded slightly this morning, scored twice and continued to fall, but after Musk said that Tesla did not sell Bitcoin, the market began to look decent rebounded and once returned to above $45,000.
Judging from the weekly K, there was indeed a crisis of falling below the platform this morning, and it is still temporarily slowed down by this wave of rebound. In fact, it is no wonder that the market panicked. After the K-line closed last week, it directly fell below the Boll middle rail. This is the first time since May 2020.
If you count from the high point, this wave of correction to $42,000 has exceeded 35%, which should be the biggest correction since the start of the bull market, but the price is still relatively high, so everyone has no specific concept of the magnitude.
As for whether the bull market has come to an end, there are currently different opinions in the market, but we can imagine what the cause of the Bitcoin bull market is, and then see if the cause has changed. The main factor for the rise of Bitcoin before is the release of water by the Federal Reserve, so as long as Just look at when the Fed will tighten its monetary policy. Of course, if there are any signs in the relevant data before then, you should pay attention in advance.
In terms of current support, continue to observe the support of 42,000 US dollars, and in terms of pressure level, first pay attention to 46,000 US dollars.
ETH: Whether it is a decline or a rebound, the overall situation is greatly affected by the broader market. However, it can be seen from the magnitude and speed of the rebound that it is faster than Bitcoin and can be used as one of the currencies involved in bottom hunting.
Platform currency: The discounts on the platform are quite large these days, but the good side is that today was a process of accelerated decline, and it was also the first accelerated decline in so many days, but there just happened to be a positive rebound , so things didn't get worse, OKB and HT can still prepare some bargaining chips in the prefix 2.
DeFi: It can be said that a very good opportunity fell out today. Uni’s chips of about US$30 and Sushi’s chips of about US$14 can be said to be very cost-effective choices, but I don’t know how many small partners have grasped them.
DOT: The overall impact is quite severe. Although the previous period hit a new high against the trend, under such a general trend, no matter how much the trend is against, the holders are all human, and if they are human, they will panic, and it is currently entering the rebound stage.
