Firework Essay: The first wave of warming up in March, the upward channel of the currency circle has opened
Recently, an obvious phenomenon has appeared in the currency circle, that is, there have been a large number of new investment friends and new funds in the currency circle, which shows that Bitcoin investment is being paid attention to and recognized by more and more people. When this market is generally recognized and participated in by people, it is when it matures. New funds continue to enter the market. I personally think that this has laid a good foundation for the continued rise of the market outlook. If the popularity continues, the upward channel is in sight. Another point we all know is that the longer the market fluctuates sideways, The shorter the time for the unilateral market to come, it may even be ushered in at any time.
In the past few days, Xinhuo has never specifically mentioned the unwinding of Bitcoin and Ethereum. It only mentioned how long this round of low-level consolidation will last and the most suitable trading method in this market. New friends can read previous articles To learn this trading method, the current market is more suitable, only because the market at that time was only weak and volatile and there was not much room for interpretation, so I simply summarized the news for everyone. So now that the market is picking up again, everyone has more opportunities to operate. Next, I will tell you about the market.
Bitcoin went up twice to test the resistance near 50,000 and then fell back. Last night, there was finally a wave of decent decline, but the buying below was still relatively strong. After touching the position of 47,000 below, it started to rebound, and the strength was relatively strong. It seems that The short-term upward movement to 50,000 is not their ultimate goal. From the trend of the past few days, it is not difficult to see that the obvious downward trend has been impacted by buying and now it has become stronger. Yesterday, the white market remained on the Bollinger track for a day. After testing the support of the middle rail twice, the market did not fall and continued to rebound. From this point of view alone, it is more likely that the market will continue to rebound and hit 50,000 within a day, and it is mainly to step back and buy more.
After talking about Bitcoin, let’s talk about Ethereum. The trend of Ethereum first went through a wave of correction yesterday. After reaching the support of 1530, it started to rebound and then tested the resistance of 1600. Then it began to fall back until it fell to 1450 in the early morning. Stabilization, this is a kind of dishwashing action that we traders have seen for a long time. This kind of action is often accompanied by this small rise, but everyone should not think that when the ascending channel is opened, it will always pull the market. This is wrong. Huo speculates Ethereum still needs to go back and forth, and this round can’t even reach 1600, depending on the driving ability of the big brother in the currency circle. From an operational point of view, you can refer to Bitcoin, and you must not chase high, and it is best to step back and buy more.
At the end of the article, I would like to mention LTC, the currency that Grayscale has been increasing its holdings recently. At the beginning of December, Grayscale’s LTC holdings were only 920,000. In just four months, Grayscale increased its holdings by 500,000. It should be noted that Grayscale was still increasing its holdings of Bitcoin and Ethereum at that time. It is enough to show that LTC can continue to spend funds to intervene in LTC. How much is the value of this currency? I am optimistic about the salary of this currency. Friends who trade spot may wish to join the self-selection and observe it slowly. After all, as institutions can eat meat, Grayscale would rather give up holdings of Bitcoin and Ethereum. Latiao, we have no reason not to pay attention.
