After all, the price of Bitcoin has not fallen to 50,000 US dollars, and it did not fall last night. What kind of routine is this?
Didn't fall at night? The main force doesn't play cards according to the routine, what kind of moth are they trying to do this time? In recent days, the price of bitcoin has been rising during the day and falling at night. Since it has been this way for several days in a row, many currency lovers were expecting another sharp drop in the price of the currency last night, but when they woke up this morning, they found that the price of the currency was not only It didn't fall, and it rebounded to above $52,000. It was agreed that it would rise during the day and fall at night. Why didn't it fall this time? What's the new trick? The reason for this is actually very simple. It rises during the day and falls at night. This is just a trend that the currency price has to go out of under special circumstances. It is more of a coincidence. Night or day doesn't matter at all. But last night it was clear that the price of the currency did not have the conditions to fall to 50,000 US dollars for the time being, and the time to fall to 50,000 US dollars did not come, that's all. I also want to remind coin lovers by this incident, because many coin lovers like to look for rules and follow fixed routines to make orders, but when looking for rules, you must look at it in conjunction with the current market environment and blindly compare horizontally, otherwise The result will not be ideal.
Well, not only did the currency price not fall yesterday, but it was still fluctuating in the range of 50,500-53,000 US dollars, and this shock range happened to be the range I shared in the article yesterday. It is not bad at all. Many currency friends asked me if I was the main force. No, although the views of my recent articles are very accurate, that is also a kind of thinking about the market when I read the market. It is a kind of logic generated through multi-angle and multi-thinking. It is not the main force, and even the point of sharing is By the way, I also hope that everyone will learn more about the market with a learning attitude. In the face of such a market, how to understand the market today, and how to move the currency price is more appropriate?
First of all, the trend is definitely still a weak trend, and this point has not changed. Let’s make sure this first. Yesterday’s trend reversal point was 58,000 US dollars, and today it dropped to 57,400 US dollars. It cannot be considered strong.
Secondly, judging from the kinetic energy of the rebound and the strength of the 4-hour rebound, the strength of the rebound last night was still not strong, why not? Because last night was a very good time to rebound, if the currency price can rebound, it will represent a strong momentum for the market to go long, and the currency price also needs to rebound to confirm the effective break of the above $54,000. But we see that the currency price only rebounded to $52,700 at the highest point last night. This is weaker than expected. What does this mean? This shows that some people are waiting to sell short at $54,000. It went up so quickly. This is the root of the problem. It just doesn’t give you a good short point. Although it seems that the current price is close to 5,000 US dollars from 57,400 US dollars, it seems easy for the currency price to rebound, but don’t forget, US$54,000 is also a threshold, so it seems that there is a lot of space, but it is actually not that big. It is different from last time. Last time, there was a space of US$4,000 from the top of the currency price, which is a real space, but this time there is a lot of pressure.
Third, how is the currency price supported? Since US$52,000 is the starting point for this round of currency price upswing to US$61,800, the currency price will not fall all at once. Because it is the starting point, there is support. Therefore, the currency price will fluctuate and grind when it returns to US$52,000. I won’t talk about the reason why it’s $52,000. I’ve already talked about it countless times in the previous article, so I’ll check it out myself. So what is grinding? It means repeatedly oscillating at this position, going up and down, just to consume the support strength of this position. The support level below 52000 is $50000.
Fourth, looking at the market sentiment, today's market sentiment is obviously higher, and the market panic is almost gone. Everyone is looking forward to a rebound, because today's option is about to be delivered, and theoretically, the risk point of the currency price has disappeared. This is market sentiment.
To sum up the above: With so many market factors intertwined, the trend of the currency price today will still be tangled, with a high probability of fluctuating at 50,000-53,000 US dollars first, and after the shock, it will choose to change the market. From a cycle point of view, it will Look at the trend during the day today. If you can't break down to $50,000 after the shock, if you haven't chosen to hit the market at 12 o'clock in the evening, then you have to rebound up and down in the short term.
Whether Ethereum and other mainstream altcoins can strengthen depends on the price trend of Bitcoin today, and there is no need for analysis.
