Analysis of Bitcoin Market: Global Capital Markets Linked Again
The market was complicated last night. At around 7:00 p.m., Bitcoin, which was around 15,400, suddenly pulled up. After pulling above 15,850 USD, it suddenly dived quickly, and directly pulled back a thousand points to around 14,800, and then gradually rebounded to above 15,500 USD. During the period, several rounds of games were carried out, and in the end the price still did not move much, but most of the contract users' positions were gone.
From the perspective of the disk shape, the long lower shadow line at the daily line level is greater than the shock trend of the entity. Except for the temporary stop of the unilateral rise in the previous period, there has not been much change.
The influencing factors of the market last night still have to go back to the macro news. The definite vaccine news in the United States has been researched and caused an uproar in the financial market. More than 5%, this range is about 25% in the bitcoin market, and then dived in late trading, still has an increase of 800 points, but the Nasdaq index has turned green, while yesterday’s gold fell by nearly 5%. In the early stage, the trend of Bitcoin, US stocks and gold became so different last night. The performance of gold was so strong that Bitcoin rebounded after falling. The follow-up water release policy will be the first to respond to the gold and digital gold markets, which most need the Fed to print money, and the same is true for US stocks. However, after the vaccine is released, it is good for industries that have suffered painful declines in the early stage, such as cinemas and civil aviation, and it is bad for the sectors that have skyrocketed in the early stage, so Performance was mixed.
Last night, Pfizer biotechnology company announced that their new crown vaccine is as high as 90% effective, the news caused an uproar in the global financial market. Among them, the Dow Jones index of the U.S. stock market has reached a record high. It rose by more than 5% at the highest point, but it dived in the late trading. The European and American stock markets rose across the board. .
Last night, Pfizer biotechnology company announced that their new crown vaccine is as high as 90% effective, the news caused an uproar in the global financial market. Among them, the Dow Jones index of the U.S. stock market has reached a record high. It rose by more than 5% at the highest point, but it dived in the late trading. The European and American stock markets rose across the board. .
US stocks
Biden also said that if the vaccine comes out, tens of billions of dollars will be spent to vaccinate every American as the first fire after taking office.
The rise of technology stocks cannot cover up the downturn in other sectors. Among them, transportation stocks and consumer stocks are terrible, such as civil aviation and cinema sectors. During the epidemic, there are countless small and medium-sized enterprises that have closed down. The restorative impact on travel and consumption will be substantial.
Biden also said that if the vaccine comes out, tens of billions of dollars will be spent to vaccinate every American as the first fire after taking office.
European and American stock markets rose sharply yesterday, mainly due to two factors. First, the uncertainty of the U.S. stock market election has basically been settled. Second, the successful development of vaccines will help the recovery of the daily economy.
European and American stock markets rose sharply yesterday, mainly due to two factors. First, the uncertainty of the U.S. stock market election has basically been settled. Second, the successful development of vaccines will help the recovery of the daily economy.
Secondly, there is currently no shortage of gold buyers for Bitcoin. Although the buyers are far inferior to gold and crude oil, considering the current market of Bitcoin, only a small part of gold inflows can maintain the price or even rise.
Crude Oil, Gold, Bitcoin
Crude oil, gold and U.S. stocks have the same reasons for the ups and downs, which stem from the different perspectives on consumption stimulus and the Fed's release of water.
Crude oil plays the role of transportation stocks in the U.S. stock market. During the epidemic, crude oil was one of the most bleak commodities. Travel restrictions have greatly reduced the demand for crude oil, and crude oil prices have also been sluggish. Vaccines have obviously played the role of a demand-side booster.
Gold has hit record highs this year, and the scenery above 2,000 US dollars per ounce has also been seen. It benefits from the anti-risk of the epidemic and the anti-inflation of the Fed’s release of water. If the vaccine comes out, the risk of the epidemic and the uncertainty of the Fed’s release of water are both Deviating from the original track, the sharp drop in gold is also the most direct choice for the market.
After all, Bitcoin is getting closer and closer to digital gold. It is not surprising that the affected factors and trends are similar to gold, but the rebound after yesterday's fall was more violent than gold, which may have a lot to do with the current bull market of Bitcoin itself. relation.
Secondly, there is currently no shortage of gold buyers for Bitcoin. Although the buyers are far inferior to gold and crude oil, considering the current market of Bitcoin, only a small part of gold inflows can maintain the price or even rise.
However, the number of long and short contracts is also related to the point. For example, when the position is lower, the number of long orders will increase, and when the position is higher, the number of short orders will increase. Maybe one day when the price is close to 16,000, the number of short orders will increase. Help pull the market to repeat the previous situation when it broke through 14,000 US dollars. In the past two days, it is still regarded as a volatile market, with the upper and lower rails of the triangle interval as the support and pressure level.
Not only that, Grayscale’s Ethereum trust holdings also increased by 10,479 yesterday, and the current total holdings have also reached 2,552,433 ETH.
Next, the fiscal policy of the United States will indeed determine whether the price of bitcoin can go to a higher level. According to the previous market situation, it is a certainty to continue to release water. Even if there is news of a vaccine, it is expected that the official promotion will not be so fast. So before the vaccine is officially popularized to every civilian, whether the water should be released or will be released is our current speculation. The specific situation depends on what Biden and the Federal Reserve will say about fiscal policy.
Back on the disk, in the past three trading days, Bitcoin has returned below $15,000 twice. It can be clearly seen that in recent days, it has been in the shock of the thousand-point range, and it has not been able to choose a direction. It has risen too much in the early stage and returned to 14,000 After the top, it rose directly to a position close to 16,000 US dollars, and did not test 15,000 US dollars too much. Now, every time it falls below 15,000, it quickly comes back, which can make the market more stable and faster.
Judging from the current disk shape, it is in a large shrinking triangle interval. It can be seen that although the points of the last two backtests are not shallow, the low point is gradually rising. The low point will gradually return to above $15,000.
After two significant declines, many small partners have been given the opportunity to buy more orders. At present, there are fewer and fewer empty orders, but more and more orders. The overall contract is slightly larger than empty orders, so The current market may not be so good. Even if it will continue to rise, the market maker will start to think about how to get rid of multiple shocks before then.
However, the number of long and short contracts is also related to the point. For example, when the position is lower, the number of long orders will increase, and when the position is higher, the number of short orders will increase. Maybe one day when the price is close to 16,000, the number of short orders will increase. Help pull the market to repeat the previous situation when it broke through 14,000 US dollars. In the past two days, it is still regarded as a volatile market, with the upper and lower rails of the triangle interval as the support and pressure level.
