Yi Tian said: The market value of Bitcoin has returned to 1 trillion US dollars, where is the peak of the market outlook?
Market analysis of Bitcoin and mainstream currencies and altcoins (such as: BTC/ETH/BCH/ETC/DOT/UNI/LINK/LTC/SAND/IOTA/FLOW...etc.)! Will Bitcoin and Ethereum continue to operate in a bull market in 2021? Can ETH be above $2,000 by the end of March? Does the platform currency have much room for development in the later stage? Wait... These issues are the issues that currency enthusiasts have been paying attention to recently!
"The market value of Bitcoin has returned to 1 trillion U.S. dollars" was on the Weibo hot search list. The current topic popularity is 198559, ranking 28th on the hot search list!
Grayscale Fund's latest holdings:
Grayscale BTC Trust reduced its holdings by 35 BTC yesterday, and its ETC holdings increased by 0.66%
Grayscale’s BTC trust holdings decreased by 35 BTC yesterday, with a cumulative reduction of 249 BTC in the last 7 days, with a premium rate of -4%;
Grayscale ETH Trust has reduced its holdings by 220ETH, with a cumulative reduction of 850ETH in the last 7 days, with a premium rate of -7%;
Grayscale LTC Trust increased its holdings by 2449LTC, accumulatively increasing its holdings by 15196LTC in the last 7 days, with a premium rate of 1431%;
Grayscale BCH Trust increased its holdings by 914 BCH, accumulatively increasing its holdings in the last 7 days by 3337 BCH, with a premium rate of 384%;
Grayscale ETC Trust increased its holdings by 82,027 ETC, accumulatively increasing its holdings by 75,938 ETC in the last 7 days, with a premium rate of 28%;
【Market review】
【Market review】
Yitian said [BTC/USDT market analysis]
Yitian said [BTC/USDT market analysis]
Looking at the daily level chart, the price has closed positive for four consecutive days, the general upward trend has not changed, and each moving average maintains an upward posture. The gap on the upper track of the Bollinger Bands has begun to be opened. The overall upward channel is relatively good, but the market has not yet come out. A unilateral stance, so in intraday operations, we still need to beware of the market being suppressed and coming out of a sharp drop.
On the 4-hour level, the strong bull pattern of 4 consecutive positives has been broken, and the upper K-line has closed down. The current market is in a correction, and the lower support is at the blue MA10 moving average; Yitian believes that the bulls are strong within the day, and the price If there is a rebound, the bulls are still dominant overall. It is recommended to follow the trend to grasp profits, but the price is approaching a new high. It is not recommended to blindly chase the rise. The stability is mainly to step back and step on the long order, and follow up after breaking the position. Focus on the current high 57371 first-line resistance at the top, 58000 if you break through, and 55600 first-line support at the bottom, and 55000 support if you break through!
Yitian said 【ETH/USDT market analysis】
Yitian said 【ETH/USDT market analysis】
Ethereum was under pressure yesterday in the 1870-1880 suppression area. The market reversed and went out of a correction of more than 100 points. The low level fell below the 1800 line and touched around 1760 before rebounding. In the early morning of the day, the upward trend failed again. The high pressure was at the 1870 line, and the market callback showed a strong pin. Fortunately, it did not fall below the 1760 line support. It is recommended that you blindly chase the rise.
On the 4-hour chart, the BOLL channel shows signs of closing. The upper Yin directly pierces the support of the middle rail, but the closing line is in the upper rail area of the BOLL; the MA5 and MA10 moving averages are cohesively running, forming an upward pressure on the current Ethereum market. At present, it has fallen below the support of the middle rail of BOLL and entered the area of the middle and lower rails; the indicators in the attached picture have increased volume, and the price has a downward intention. Yitian believes that the strength of the bulls within the day is strong, but the price’s retreat is also showing the strength of the bears. At present, the long-short situation is anxious, and the price is likely to maintain a range-bound pattern. However, the strength of the bulls has been strong in recent days, and the upward trend has not changed. The operation is recommended to call back long orders. Focus on 1820 at the top, 1877, the intraday high next, 1740 support at the bottom, and around 1760 if you break the position;
