Madman said…

Liquidity continues to decline over the weekend, and it is expected that tomorrow will still be a market with low trading volume and low volatility. U.S. stocks will not open, and the currency circle is so bleak. This shows that the current trend of Bitcoin will still be linked to U.S. stocks. Although it will occasionally be stronger than U.S. stocks, in the final analysis There is no independent market trend of its own. Even though the weekend is so pleasant, starting next week, the market will become more volatile, and several nuclear bomb-level information will start next week, so everyone must be prepared.

1. On April 12, the United States released March CPI data. The current outlook is not optimistic. It will at least increase the certainty that the Federal Reserve will raise interest rates in May, which will have an adverse impact on the market.

2. The Hong Kong conference, which will start on April 10, is firstly due to the fact that the hype of Hong Kong concepts has come to fruition, and the good has turned to negative. Secondly, the historical law is that the market will always fall at every meeting, and the possibility of weakness increases.

3. ETH Shanghai upgraded, and the upgrade is expected to be implemented. It is also a good thing and a bad thing. At the same time, after the upgrade on the 13th, part of Ethereum will enter the unlocked state. Although the volume of selling will not be large, it will release liquidity after all, and the selling pressure will be There must be, so it is not very beneficial to Ethereum.

4. The crazy rise of fan coins and model coins based on cx is often a sign of the end of a phased market. What impresses everyone most is the madness of the "shit combination" when the market is at a high, which ultimately builds the foundation for Bitcoin. After a big top is reached, the rise of junk coins often occurs only when emotions reach a climax. Of course, this unsustainable rise can only indicate a phased market trend, not a mid- to long-term top.

In addition, it can also be clearly observed in the on-chain data over the weekend that long-term holders of Bitcoin and Ethereum have experienced small-scale chip loosening. Although the amounts are very small, they represent a retreat sentiment. The data of large investors who increase or decrease their holdings on the chain tend to skew to the left, that is, they appear during a rise or fall, so this data is not of short-term reference value.

Stablecoins have experienced large outflows, especially US dollar assets, indicating that US investors should not be optimistic about next week's CPI data. After the US stock market opens next week, they will make predictions about Friday's non-agricultural data and next week's CPI expectations. The market trend has been revised, and there is no obvious logic of strengthening.

Based on the above factors, the madman believes that the market next week is not worth looking forward to, but a large correction is an opportunity to get on board. According to our previous strategy, if we can step back to the 26,000-27,000 range, it will be a good opportunity to increase our position. Opportunity, because according to the medium and long-term trend, after a long period of sideways trading, the next wave is often a scam, and squatting is for a better rise.

Greed 61, no change.

Statement: The article only represents the author's personal views and opinions, and does not represent the objective views and positions of the blockchain. All contents and opinions are for reference only and do not constitute investment advice. Investors should make their own decisions and transactions, and the author and Blockchain Client will not be held responsible for any direct or indirect losses caused by investors' transactions.

This article [Madman Talks about Trends] The market situation next week is not worth looking forward to, but a substantial correction is an opportunity to get on the train. First appeared on Blockchain.