The world is bustling with people, all for profit; the world is moving, all for profit! Hello everyone, I am your friend Lao Cui Talking about Coins, focusing on digital currency market analysis, and strive to deliver the most valuable currency market information to the majority of coin friends. Welcome the attention and likes of the majority of coin friends, and reject any market smoke bombs!
Finally, the first phase of the layout is over, and today we are back in the market. During the two days of disappearance, the layout has made a certain contribution to the users who have spot goods in their hands. Especially the recent trends are biased towards the short market, and there are some deviations for spot users. I talked to you in the early stage, and saw that the market is about to break in the near future, but the time arrangement is not accurate to every hour and every minute. At present, from the mid-line point of view, it has indeed entered the short market. A long time ago, I also shared with you that as long as it falls below the 3000 mark, there will indeed be a certain depth in the space below. Don’t blame Lao Cui for not reminding everyone in time. This round of market conditions did come too fast, and basically only the spot users in my hands were saved, and the article did not have time to update. Today we will take a look at the overall trend in the later period.
In the near future, the biggest news is that Hong Kong has approved the ETF listing request for Bitcoin and Ethereum. For the cryptocurrency industry, this is indeed good news, at least it allows us to see the gradual compliance and legalization process. Hong Kong has opened a good investment channel for the Asian market. For China, we should not expect the emergence of a normal trading platform for the time being. After all, the attributes of the cryptocurrency industry cannot be directly defined for us. But don't be discouraged, the compliance process will definitely be getting closer and closer to us. As long as Hong Kong has considerable income, it is only a matter of time for us to open up.
Let's look at the macro economy first. The yen is almost 160. In fact, not only the yen, but the whole of Asia is about to collapse. The Korean won is 1,400, which is 30% lower than it was 20 years ago. Vietnam is also the same. It has reached a new high of 25,000 in the past two years. The ten years of reform and opening up are almost in vain. Then the Philippine baht and India are all at new highs. The advanced level of Japan and South Korea is still sinking in the latest vision. It is possible that Asian currencies will face a new wave of defaults. You should know that when Soros shorted the Thai baht in 1996, Goldman Sachs was the strongest lackey. The strongest is northern Myanmar. Except for northern Myanmar, the US dollar basically kills gods and Buddhas, and it has supported it for two years without letting the Americans take advantage. Northern Myanmar is indeed strong. The real situation now is that there are usurious loans outside the border, and gold is likely to rise again.
It can be said that the entire world economy is in chaos. Reflected in the currency circle, the competitive nature is still strong. Most of the funds are dispersed and invested in the energy and gold markets. Now traditional capital is also besieging the Asian market. For the currency circle, not to mention more funds, being able to keep the original amount of funds unchanged is beyond its own ability. Back to the recent big news of Bitcoin halving, the news of halving is almost the same as the energy of listing, both of which are good news. But the biggest problem at present is the problem of funds we mentioned. No matter how big the good news is, it is difficult to play its original role without the support of funds. These two pieces of news, at any time in the currency circle, can drive the volume of the currency circle to a higher level, but the current timeline does not match. Putting aside the essence of finance, looking at the military level, it is very elusive. We cannot talk about the impact of this aspect, but for the currency circle, this topic cannot be avoided.
Especially as Lao Cui said earlier, the cryptocurrency market has lost its hedging properties. With the deepening of military influence, the rise of gold and crude oil, and the intervention of the national team, the cryptocurrency market cannot escape the fate of capital outflow. Everyone should be clear that when the principal is affected, it is difficult for the giants to make investments in unknown properties again. Funds from Asia are basically unable to flow into the cryptocurrency market. They are all showing their magical powers to protect their own piece of land, while the size of Europe and America is participating in the encirclement and suppression. Although there is no impact on our country, after all, we are the largest industrial country, and exports can offset a lot of inflation, which has almost no negative impact on us. But the cryptocurrency market is an investment in the future after all. In the short term, the shorts are indeed dominant, and the capital outflow from Asia is too fierce. Fortunately, there has been no large-scale escape.
Although the short- and medium-term are in a bearish state, the overall bullish trend is still difficult to reverse in the long term. The bull market will still come, and there will definitely be new highs this year. The overall turning point still lies in the decision-making of the Americans. The signal of interest rate cuts still has too much impact on the global situation, and the decision-making power is ultimately in the direction of the Americans. Although the interest rate cut will eventually be chosen, the process is still very difficult. Don't give up easily after you have identified the target. Overall, the long and short positions are in a stage of competition. Not only are retail investors struggling, but the giants also don't want to give up the struggle. Although the halving news can save the world, the overall USDT exchange rate problem is not solved, and the bull market is empty talk. It is still safer to keep a close eye on the exchange rate, and combine the American interest rate cut strategy to plan the next game. At the same time, if you have problems with locking orders, you can talk to Lao Cui!
Lao Cui’s message: Investing is like playing chess. Experts can see five, seven or even more than ten steps ahead, while those with lower chess skills can only see two or three steps ahead. Experts consider the overall situation and the general trend, and do not focus on one piece or one place. Their goal is to win the game in the end. While those with lower chess skills will fight for every inch of land, frequently switch between long and short positions, and only try to win in the short term, resulting in frequent setbacks.
This material is for learning reference only and does not constitute buying or selling advice. If you buy or sell based on this material, you will be responsible for the consequences!