The sideways adjustment of Bitcoin has ended and it is expected to rise today
1. After two days of consolidation over the weekend, BTC has risen to around 61,800 twice. From the 1-hour and 4-hour K-line indicators, it is in an upward trend. From the 12-hour level, it has stopped falling, but the daily and weekly level indicators show that it is still in a downward trend. As long as there is no sudden bad news today, the callback can be short-term.
2. From the recent data analysis, the middle order is constantly taking profit during the period when BTC 56.8k rose to 66k. Although the dealer bought a large amount of money to pull the market, the middle households did not buy it, resulting in the dealer running with the small leeks, and the dealer turned around and the leeks got lost, so the recent fluctuations are fast coming and fast going. On Friday, the market maker will kill again, and all those who bought the bottom of the 5.68w waterfall will be blown out to stop profit, so the relative burden of the market maker will be reduced
3. From late 2023 to April 2024, the project is engaged in the nesting doll 🪆 model, which has attracted a large number of ETH pledges. At present, many pledges are unlocked, resulting in fluctuations in market supply and demand, short-term inflation of ETH, and increased selling pressure.
The extra tokens pledged are shared by the leeks in the market, and they have lost confidence in the launch of new coins.
Hot money or larger market makers do not invest in new coins, but have already laid out the chips of old coins last year. At present, they are constantly shipping at high levels (the market maker I know said that the secondary will not participate in new coins, and they will be eaten up by the project party if they are not careful, and the profit and loss ratio is not high)
