BTC formed a cross star yesterday and continued to soar today. In just 5 days, it rose by nearly $10,000 (+15%), which was so fast that many people were caught off guard. Bitcoin still maintains a new high! At this time, any callback is a paper tiger that scares away your chips!
The market went up and down sharply, it was like heaven and hell. How did you sleep last night?
News came this morning that the number of people who have signed up for war preparations in North Korea has reached 1.4 million, and the war is imminent. This may also be the reason why bitcoin, as a safe-haven fund, can rebound quickly.
Looking back at yesterday's market, it was a correction and adjustment. After a night, it came back to above 67,000, completing a wave of long and short double kills. The surge and plunge, the door-shaped market, was expected! After the big cake fell, it went back to the V, and the US stock market did not rise after it fell, indicating that the bottom-fishing power of the big cake is strong. The strong correlation between the US stock market and the big cake may slowly weaken until the big cake goes out of the independent market. The friends who received the call last night must have slept peacefully and the blood flowed! After Bitcoin climbed to 680,000, it fell below 650,000, and more than 100,000 people liquidated 300 million US dollars! Who sent the BTC meme? Real-time update, the meal is already at your mouth!
Today's market analysis: From the K-line, BTC is in an upward trend at the one-hour level (but the volume has shrunk). The 4-hour, 12-hour, and daily levels are all in an upward trend. The short-term pressure level is 67990 ~ 68710. The first support level of BTC is 65250 and the second support level is 63790.
Whether it is Bitcoin or altcoins, it is normal for volatility to increase and pull back and forth! Briefly explain the reasons for the recent surge
First of all, let's talk about the reasons. The positive factors of Bitcoin's 10% surge, stimulated by the positive financial report of BlackRock, and because there was no substantial negative news, the price of Bitcoin was still relatively strong.
1. The news of the delay of the compensation payment from Mentougou may mean that the sell-off caused by the compensation will be postponed. Previously, the news of Mentougou caused Bitcoin to plummet several times, and the market is more sensitive to such news.
2. Harris has made it clear that she supports cryptocurrency. Her approval rating is currently far behind Trump, and she may be trying to use this as a last-ditch effort to win votes. After all, there is not much time left for the election, and she may make some "big moves" in this regard in the future, which is worth paying attention to.
3. Start imposing taxes on overseas investments of super-rich individuals, with the relevant tax rate possibly as high as 20%, which indirectly increases the demand of the rich for cryptocurrencies, especially Bitcoin.
4. Musk donated $75 million to support Trump. According to Federal Election Commission documents, Musk donated $75 million to a U.S. political action committee supporting Trump.
At 5 a.m. this morning, Tesla's wallet address transferred 11,509 bitcoins in batches to about 7 new addresses, worth about US$770 million, which is all of Tesla's remaining bitcoin reserves.
Although Tesla announced in March 2021 that it would accept Bitcoin payments, two months later, Musk announced that it would suspend Bitcoin payments due to the environmental impact of Bitcoin mining, which caused Bitcoin to fall 15%. In July of the same year, he said that once most Bitcoin mining is driven by green energy, the company will consider resuming Bitcoin payments, but has not yet done so.
The essence of this cycle of MEME is shouting orders.
What coins you bought, you must let the whole world know! Don't hide it, meme has no alpha, meme only has emotions! We Chinese, being reserved is an advantage, but in the cryptocurrency circle, this quality is absolutely unacceptable! Westerners are crazy, they bought 100u coins, and they want to pretend that they bought 100wu positions,
We must learn this spirit. Meme is emotion! Remember~
The biggest highlight of the market yesterday was REEF, which plunged 60% in a single day. There were big gains inside. The ranks of individual coins were different. For DOGE/BCH, there were long orders in hand. Buying will pull up. For BTC or low-level coins, the intraday dive is the most comfortable time to enter the market with long orders. Pay attention to the high and low switching of spot. If the increase is large, take the profit. If the cumulative increase is small, hold it for a rise. Low-level coins STX/AR/TRB still have room to rise. When the BTC positive line is enlarged, short orders will have an advantage. For specific points, please pay attention to the real-time information of the dynamics in the internal group.
ARKM is also taking off
The market makers have been accumulating a lot of funds in recent months. Don't chase any coin at a high price. Ambush, ambush, or TMD ambush. I called TAO at a low price before, and I don't blame you for not following it. Later, I called WLD at a low price, and I don't blame you for not following it. Yesterday, I called ARKM again, and you didn't follow it. What's going on?
Finally: Everyone should take a look at this WLFI posted by Trump!
