3.17 Bitcoin Market Analysis: Earn money in the bull market and earn money in the bear market, can you still make money playing Bitcoin now?
News analysis:
Today's information:
Bank of America: "Long Tech" remains the most crowded trade, followed by Bitcoin and Environmental, Social and Corporate Governance (ESG), according to Gold Ten.
According to Tether3 statistics, in the past 30 days, Tether has printed 7.5 billion USDT in total. A total of 8.235 billion USDT has been issued, a total of 205 million USDT has been recovered, and a total of 8.03 billion USDT has been issued in total.
According to CoinDesk on March 16, a report released by digital asset management company CoinShares showed that the total inflow of cryptocurrency investment products in the first quarter reached US$4.2 billion, breaking the quarterly record of US$3.9 billion in the fourth quarter of 2020.
News analysis:
Just the day before yesterday, tether suddenly issued an additional USD 1.5 billion USDT to support the currency circle, which was really surprising and crazy. After the above news, it is not difficult to see that American investors have begun to scramble to buy more technology stocks and Bitcoin. up. Just in the regular exchanges in the United States, bitcoin transactions are carried out in U.S. dollars. Well, the main users who are using USDT are the three major exchanges in China, so most of the domestic users this year only enter the market for those old leeks, do you understand?
Liu Hongjun also wants to share with you a more insightful sentence, making money in a bull market and making money in a bear market.
Liu Hongjun also wants to share with you a more insightful sentence, making money in a bull market and making money in a bear market.
In the early hours of March 14 last week, Bitcoin had already exceeded 400,000 RMB and once again stood in front of people all over the world. Of course, at this time, many people will not feel that the price of Bitcoin is expensive, because they are more likely to miss the opportunity and worry about missing more opportunities in the future. I still remember that the last time Bitcoin reached $50,000 and now it has reached $60,000, and India’s two consecutive swiping presences also reflected his insignificance at this time.
Let’s give another example. Changpeng Zhao, who sold his house 7 years ago, is worth 21 billion yuan. At this moment, think about how many houses he can get back. So you don't have to doubt anything, the current Bitcoin is going out of the circle and absorbing funds from the traditional market. Coinbase has outflowed 160,000 bitcoins in three months, while the number of bitcoins in other exchanges has also continued to decline, and the OTC market has strong buying. The most important thing is that there are not many bitcoins on other exchanges, so increasing the price is the most straightforward choice.
Technical analysis:
Red Army summary:
Red Army summary:
Text/Liu Hongjun
Text/Liu Hongjun
Reminder: At the end of the article, only Weibo and column public accounts were created by Liu Hongjun himself, and other advertisements at the end of the article and in the comment area have nothing to do with the author! ! Please be careful to distinguish between true and false, thank you for reading!
Reminder: At the end of the article, only Weibo and column public accounts were created by Liu Hongjun himself, and other advertisements at the end of the article and in the comment area have nothing to do with the author! ! Please be careful to distinguish between true and false, thank you for reading!
