Senior Gold Coin: 3.10 The road to Bitcoin’s reversal pattern is blocked, and a ladder needs to be built for a short time
Yesterday, the decline in the U.S. dollar index expanded, gold rose sharply, and European currencies collectively rose due to the sharp drop in U.S. bond yields. Sterling extended gains against the dollar, supported by Britain's rapid vaccine rollout, while Bank of England Governor Bailey also expressed cautious optimism for a recovery.
The A-share market was wiped out yesterday. The three major indexes opened low and moved low. The recent market performance is too magical. On the one hand, white horse stocks frequently suffer setbacks, and on the other hand, the ST sector has risen sharply. Consumer and technology leaders continue to grow The decline caused the GEM index to fall into a technical bear market. It can be said that it was all about buying bottoms, but it was accidentally copied.
BTC rose sharply in response, but the entire rising process was still completed in shrinkage. With the rise in the price of BTC and the turmoil in the world pattern, the economic recovery has not yet arrived, and BTC has become a collection of assets. After buying BTC, the rich people and institutions put it in their own cold wallets one after another, causing the circulation rate of BTC in the market to become lower and lower. Therefore, the liquidity problem of BTC is also due to its high price. No reason.
The risk-averse and collectible BTC has caused the market to be reluctant to sell. If you don’t have a BTC, you are ashamed to say that you are a rich man in the new era. You have participated in this round of real wealth-creation movement, which has led to the supply-demand relationship in the BTC market. out of balance.
Last night we gave an upward rebound view on the pancake trend. The subsequent market needs the performance of the US capital market to bring upward momentum to the closely connected encryption market. So the next step is to see if the US capital market can continue to rebound?
Judging from the current situation of Laomei's mask order, it seems that the epidemic has been brought under certain control. Coupled with the 1.9 trillion fiscal stimulus, Laomei's economic recovery seems to be on the way. But this does not mean that the U.S. stock market is optimistic, especially after Lao Bai came to power, he has a clear attitude towards the taxation of high-tech companies and the suppression of Wall Street. Therefore, in the short and medium term, the U.S. stock market will not be too optimistic .
From yesterday to the present, the market has fluctuated, the daily rebound has rebounded but the new high has formed a double top pattern, and there is a short-term pressure of 54200-300 at the top of 1 hour and 4 hours at the same time. If the market can be successfully held during the European market, then today’s trend will continue. This wave of shorts, so the comprehensive market relies on 54300 as a long-short watershed threshold for the current trend. The current market is running around 54200. At this moment, the upper MA10-20 moving average is out of the bonding state. If the two moving averages are in the bonding state, it will rebound and break through The probability will increase, but from today's short-term trend, the seniors are still optimistic about the trend of rebound and then down. At present, the European market has not yet seen a rebound or even a reversal, so the operation will be empty around 54200-300. Lose above 54800, and hold below 53700-600. In addition, if the market stabilizes above 54300 at 6 pm, the short order will be out!
Ethereum is currently trading around 1813. At this time, the small area is in the range of 1823-1797. The upper MA10-20 moving average has already crossed. Zhangkou explained that the market has a certain pressure. The overall trend has rebounded above 1824 today. No matter how much the rebound is now, it is just a test of pressure. It is reversed, so when the trend has not changed, just continue to empty below the rebound 1824, stop loss above 1830, and target around 1798-1782!
