LIVEBitcoin fell below 70,000, has the market peaked?
#HotTrends At the time of writing, #BTC had an intraday decline of 7%. Has the market sentiment passed its climax?
1/Bitcoin’s daily fluctuation of 15% is really normal and there is no need to be too sensitive.
2/ (Keep in mind that the cost of opening an ETF position starts at 42,000), the current average price of Bitcoin is around 65,000, corresponding to the figure below. Because BlackRock (ibit) is the largest institution at #ETFbitcoin , refer to his data. Historical Grayscale (GBTC) is the largest institution. This situation is currently changing, so we cannot understand the present with reference to history.
(1): BlackRock’s chips were almost all the chips spit out by Grayscale. Grayscale took profits, and BlackRock and others gathered funds to build positions. They were still buying and selling until the time of publication.
(2): When the chips spit out by Grayscale find other people and want to take profits, they cannot smash the market. They can let it pick up the chips at a low point. Will it continue to sell and give up the position of the boss to BlackRock? ?
(3) Assuming that BlackRock’s average chips are 65,000, will he sell the chips at the current price?
(4) When BlackRock sells, the price will drop further. At that time, the institutions have the same thoughts and actions, and the purpose of selling is to obtain cheaper chips at the bottom.
(4) The U.S. economic data has adjusted from a high level to the end. If there is an interest rate hike, it will not cause substantial changes to the market. A correction will only allow more funds to enter the market.
, because smart people know what a hard-won opportunity this is.
(5) From a technical perspective, there are indeed multiple top signals. But the top won't appear in a day and needs confirmation. If you really want to sell high or go short. Then I hope you will be patient and wait for the confirmation to appear.
(6) In the market, the cycle is the largest. The current emotions have not really been ignited, but are just the beginning. The more complete the change of hands, the stronger the subsequent power. But the trend has been formed, don't go against the trend, go with the trend. $BTC $BNB
LIVECore CPI3.8%
As we all know, the U.S. goal is to control the CPI within 2%. Since the CPI reached 3% last year, the Federal Reserve has slowed down its interest rate hikes and has maintained interest rates at 5.2-5.25% for nine months. Although the voice of cutting interest rates has been heard in the market The market appears, but the data proves that it has not reached the best time to open the interest rate cut channel. It is normal for inflation to fluctuate during the process of raising interest rates. The Federal Reserve also needs to observe changes in data to regulate it. As long as the fluctuations are within a reasonable range, it will not To intervene, March 20 of this month is the time when the Federal Reserve announces its latest interest rate policy. The vast majority of market sentiment believes that interest rates will not be adjusted and the status quo will be maintained. At the same time, observing the US dollar index, we found that the range of index fluctuations is getting smaller and smaller, and there is a high probability that it will move out of the direction within two months.