Liu Hongjun: How to solve the quilt of multiple orders when Bitcoin plummets? Why do you say that Bitcoin will be more "crazy"?
Today's information:
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 are only entering 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.
Whether the digital currency market has reached its peak needs to pay attention to two important indicators.
1. Are leeks panicking?
The leek panic shows that the market has definitely not reached its peak. What is the fear of the Great Falls and the bulls are gone? As long as this kind of talk is still there, it must not be a bear market. When the bears come, the real remarks should be: Don’t be afraid that this is a pullback, the pullback is an opportunity to add positions!
2. Is the organization crazy?
Institutions are crazy, indicating that the market has definitely not reached its peak. The first-level market institutions are frantically deploying various high-quality concept projects, grabbing local dogs if they can’t get them, ghosts and ghosts who have too much money just to wait for the final launch, and the second-level call leeks to take over the market so they can collect money. A project is gradually becoming popular. The stage will also attract all kinds of outsiders to enter the market, and the FOMO will gradually come one after another, and then it will really peak.
Let's talk about something bigger. Bitcoin EFT has been a long-awaited benefit since 2017. It can be rejected again and again, causing the market to have no expectations for this benefit and even digest it. When everyone doesn’t care If it passes suddenly, Bitcoin will take off in another wave.
The chairman of the SEC will soon have to change, and Gary Gensler, as the nominee for the next chairman of the SEC, is more open to cryptocurrencies. Therefore, various ETFs have been scrambling to apply for and prepare for the Bitcoin ETF. At present, at least four companies have submitted Bitcoin ETF applications and are waiting for approval.
Text/Liu Hongjun
Red Army summary:
The above are suggestions based on recent news and technical indicators. There are not many opportunities to solve the problem, so everyone should take good care of it. It is recommended for all investors and friends to refer to. If the operation is not smooth, the entry and exit points are not ideal, and friends who have been ordered or do not understand my ideas very well or friends who enter the field are not ideal, you can follow Liu Hongjun’s micro-blog and official account of the same name and send me private messages for communication. Friends with strong opinions are also welcome to discuss the market with me!
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!
