Bitcoin looking at $66,000? Will the Air Force hit a deep pullback? When can I top up my position?

First of all, in Chen Xin’s article yesterday, I talked about the fact that the listing of Coinbase is undoubtedly good for Bitcoin, and I was very happy to see that Bitcoin continued to hit new highs just last night. The current price is still above $63,000. Many people are also asking Chen Xin if this price is a new high? Of course, this price is still in the process of constantly making new highs. In Chen Xin's personal opinion, it must be more than 63,000 US dollars.

According to Chen Xin's prediction, Bitcoin will soon touch $70,000 in the recent trend. Of course, as Bitcoin continues to rise, risks are also constantly accumulating. So I hope that my friends are happy and happy, but I still have to observe the hidden risks, but Chen Xin still insists on his point of view that Bitcoin will enter the next cycle in the next May to June.

The recent digital renminbi has been making relevant progress, so let’s talk about the current relationship between the US dollar and Bitcoin and the subsequent digital renminbi. As far as the digital renminbi is concerned, in addition to its domestic impact, some experts have also emphasized in the early stage that it will have an impact on the dominance of the Bitcoin and US dollar monetary systems. Central banks in many countries are already working on their own digital currencies due to the emergence of other private payment alternatives and the drastic reduction in the use of cash.

While the Bank of China maintains currency control and ensures monetary sovereignty within its jurisdiction, the use of cash will be reduced to 40% in the next ten years. Therefore, digital currencies supported by central banks will become more and more common around the world, but the implementation of digital currencies will lead to some changes. Especially when the project is well-constructed and supported by the central bank, it is like digital renminbi. Some relevant institutions have also expressed their views that digital renminbi will be safer than bank deposits in principle.

Because digital deposits are usually subject to financial threats or bank failures, it is more likely that they will disappear. Digital currency payments will be conveniently stored on the balance sheet of the central bank, and various advantages will make him attractive. In addition, the digital renminbi has other particularities, and China will explore the possibility of giving this digital currency a validity period. In order to stimulate consumption and investment when the economy is weak in the later period, this is something that other digital currencies have not tried.

But China's economic power hasn't stopped growing, so the yuan can continue to gain ground around the world. And after the launch of the digital renminbi, when the situation stabilizes and China, the United States and their allies fight to control digital payments, bitcoin will be left on the stock market and no one will buy it. It also expressed that the digital renminbi threatens the US dollar as a world reserve The exorbitant economic and political privileges enjoyed by the currency also worry the US government.

The above is the opinion of an economist in Spain, in which Chen Xin partly agrees with the impact of the digital renminbi on the US dollar he expressed. However, Chen Xin does not agree with the impact on Bitcoin later, at least in terms of the current situation, it is obviously unrealistic.

Let's talk about the market again. From last night to today, Bitcoin has been hitting new highs. According to OKEx market data, the highest price of Bitcoin has reached 64,500 US dollars so far. A simple review of yesterday's market was carried out. In the early morning of yesterday, there was a wave of shocks and then a small range pull up. After a small pull-up, there is a step back, and this step back is crucial. Because it was after stepping back on this step that the currency price started a wave of strong rise, from 12 o'clock yesterday to more than 5 o'clock in the afternoon.

Judging from the disk, this wave has achieved a trend after six consecutive suns, and the highest point has also reached the position of 63,000 US dollars, and there has been a wave of upward shocks. The highest point came to 63,700 US dollars. One of the good news for yesterday's disk is that the US stock market has reached a new high, and Tesla's stock price has also risen; all factors related to Bitcoin are improving.

The emergence of such a situation in the past two days is undoubtedly creating the best environment, and at the same time, the currency circle also rose to varying degrees yesterday. In particular, Bitcoin and Ethereum, which are mainstream currencies, also drove the rise of other small currencies. Speaking of which, Chen Xin has to talk about Dogecoin. With the rise of Tesla yesterday, Dogecoin has also vigorously pulled up a wave of market gains of more than 40%. So why did it rise? Obviously it was to cut leeks. After all, the environment in the currency circle is so good now, if he does not pull a wave of market and harvest a wave of leeks, then he is not Dogecoin.

All in all, the market tonight will warm up for the listing of Coinbase in the evening, and the fluctuations in the currency circle will also increase. Bitcoin, mainstream coins, platform coins, and even decentralized exchange tokens will be affected in succession across the entire Grayscale sector, so Chen Xin reminds everyone to pay attention to risk control.

Now back to the market, Chen Xin is very optimistic about the price of Bitcoin tomorrow and the day after tomorrow, and Bitcoin will rise to a price of 66,000. Why is Chen Xin optimistic about the rise to 65,000 US dollars? In fact, 66,000 US dollars is my lowest rise. Let's roughly guess that the highest point of the current currency price is around 64,843 US dollars, and there is only an increase of more than 100 points from 65,000 US dollars.

In fact, the current currency price is intended to break through upwards. We can clearly see from the Bollinger Bands that if Bitcoin is adjusted, the currency price will automatically retract to the upper track of the Bollinger Bands. But if Bitcoin intends to pull the market, the currency price will directly break through to the upper track of the Bollinger Bands or even break through to the upper track of the Bollinger Bands. And the current currency price is the stage of deliberately wanting to make a pull, so as long as Bitcoin has intentions, it will be pulled.

Regarding the position of 66,000 US dollars, Coinbase will carry out a wave of rise tonight to lead Bitcoin to rise, so it is almost at the stage of 65,000 now. Today, if Chen Xin assumes that he only increased by 1000 points, this 1000 points is considered a small amount. So Chen Xin needs to see at least $66,000 for him, but will Coinbase lead the rise of Bitcoin and will it pull back further?

Logically speaking, as long as the Coinbase rising node is over, the currency price may intentionally go through a stage of callback and step down. As for which point Chen Xin sees, suppose he has risen to 66,000 US dollars, and his retracement point is to see 64,000 or 63,000 US dollars. That is to say, step back to the position of the middle track of the Bollinger Band. If he steps back a little deeper, he will call back to 62,000 or 61,000 US dollars.

And this node of 62000-61000 is an opportunity for everyone to cover their positions and enter the market, because it will still rise later. Therefore, if you want to enter the market, you can only wait until he drops to the stage of 61000-62000, and the specific point Chen Xin directly sees that today or the day after tomorrow will usher in the second replenishment, that is, a buy Chance. And Chen Xin saw this opportunity between 61800-61300, friends who want to go can refer to it.

Well, after the listing of Coinbase tonight, it also fully proves that the currency circle and the blockchain are reliable and not a chicken feather or a bubble as some people say. Therefore, the future of this industry must be bright with infinite possibilities!

Let's talk about the general trend of the market tonight. With the news of the listing, there will undoubtedly be a wave of market tonight. That is to say, I saw that after 66,000, there may be a wave of profit-taking and a decline in the market, and the above are Chen Xin's predictions on the market.

Now let's take a look at the daily line level. There is no doubt that a big positive column was collected yesterday. It has been a long, long time since there was a big Yangzhu that actually broke through the market. Since the previous 61800, there has been no such situation. And we can also see that there is an upward trend now, and the current currency price is above the Bollinger Bands. From a large-scale point of view, this is undoubtedly a good trend. Now the ability to obtain multiple sources is constantly increasing, and it is in a state of being ready to go.

The main thing is to look at the listing situation tonight. On the one hand, we should not be confused by the current appearance, and on the other hand, we should not easily short. In fact, many friends are already thinking of doing everything possible to sell short, but Chen Xin has said many times that the listing tonight will go up. If there are still people who want to be short, if the market goes up strongly like yesterday, it will be very difficult for you to get rid of the trap, and it will definitely be very painful to cut the flesh.

It is inevitable for Bitcoin to rush upwards, so the market will still maintain an upward posture. Whether you are short or long, you must be prepared to take profit and stop loss. Be sure not to be caught in a high place by such a market, and don't be greedy while making money, as long as you don't get caught or go empty.

Bitcoin:

Bitcoin:

Operation suggestion:

Operation suggestion:

Open long in batches around 63500-64000, target 64500-65000, look around 65500 for breaking position, and see 62900 for defense

Why do you always get it wrong when the big market comes, and you are always taught the painful lesson of deep losses. Chen Xin can tell you very responsibly, if you have not yet concluded your continuous losses, you should withdraw from this market as soon as possible, and don’t take your hard-earned money seriously. A process of learning participation and the result of long-term stable profit in the later period. Once a loss occurs, it is necessary to sum up the reasons in a timely manner and let the lost funds generate its value. I think that every time you make a transaction, enter the market with reason and evidence, and strictly abide by the rules of this market. Under the guidance of the company, it is easy to achieve the goal of long-term steady profit. Compared to giving charcoal in a timely manner, I prefer to add flowers to the cake. If you only think of me when you need it, what's the point. If you are not here on the Long March, you are not worthy of the bonfire party. The investment philosophy that Chen Xin has always advocated is: We are investing, not speculating. If you want to invest with a gambling mentality, then I suggest you exit this market as soon as possible, because luck does not always favor you! There is a saying in life that is very suitable, grasp the present moment, you will be wonderful! Profession achieves quality, and strength creates reputation. The financial field is broad and profound, and the market is constantly experiencing ups and downs every day. All I can do is to use my years of research experience to help everyone.

Reminder: Only the public account (above) of this article is written by trader Chen Xin, 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: Only the public account (above) of this article is written by trader Chen Xin, 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!