Captain Wang once said: After the third wave, look at 500. This pushed EOS to the highest point in history. At the end of 2017, nearly 90% of the players in the crypto market bought EOS, and the project raised nearly 4 billion US dollars. After the highlight, everything was in chaos, and the market stopped at 23.28 points, and it was still adjusted below one US dollar during the day.

From now on, whenever we talk about EOS, this joke will naturally come to our mind. Today, the EOS Network Foundation released a new EOS token economics, setting the supply limit at 2.1 billion, and stating that 80% of the future total will be destroyed later. After the news came out, EOS briefly pulled up more than a dozen points, and then slowly pulled back, and there was an endless stream of doubts.

At first glance, it seems that the foundation should do something. After all, it is a bull market and it would be a shame if it didn’t boost the market. However, friends who carefully sorted out the relevant information of EOS found obvious problems. First of all, there are only 1.148 billion coins in circulation. According to the logic of the new token economics, there are still 950 million coins to be minted. The current market value of the coin must be diluted by half.

Speculating on new rather than old is the experience summed up by rounds of bull markets. Limited funds will only exist in limited sectors. EOS, which is yesterday's flower, has a long way to go to make waves. Of course, it does not mean that EOS has no chance in the future. As the foundation said, it will shut down inflation, lock up pledges and support the RAM market. One by one, the basic ecology will continue to be strengthened. When the market value increase is greater than the token casting speed, the consensus will naturally return. In the currency circle, rising is the truth, and slogans can only sink oneself into a deep pit.

The Internet's call for support for CZ reached a climax within a day. It is undeniable that CZ and his Binance have made great contributions to the current situation of the crypto market. History will not be forgotten, nor will it be rewritten. In any case, I always believe that in the future, Binance will still be the main battlefield in the crypto market for a period of time, and will be able to play a decisive leading role in the development direction of the market.

Today, the market has started to pull back again as expected. The daily market has repeatedly tested the short-term support of 64,000 points and then fell below it in a small range. The current market is moving at the bottom. Given the recent high correlation with the US stock market, it is likely to continue to fall in the evening. Sanshu's previous forecast is that from today to the 27th, the market will be in the last round of bottom support testing before the new high.

From a macro perspective, yesterday, Bitcoin spot ETFs had a net outflow of 1,878 bitcoins, of which BlackRock IBIT had its first net outflow since the product was launched, which indirectly reflects that short-term American funds are gradually taking a wait-and-see attitude. The news focus will be on the March core PCE price index tomorrow night. If the data is lower than expected, the market will accelerate its recovery, otherwise it will continue to adjust.

In the bull market cycle, the only thing we need is patience. In the past year, Bitcoin has adjusted from 30,000 to 24,000, from 49,000 to 38,000, and currently from 73,000 to 59,000, with both the bottom and the top rising continuously. Historical experience tells us that every correction of the market is a preparation for the next high point. The longer the correction cycle, the cleaner the bubble is consumed, and the greater the rebound will be.

BTC: The market of Bitcoin is the easiest to analyze and judge in recent times. Whether it is the point range or the time period of high and low positions, the direction given in the article by Uncle San basically has a good guiding role for friends who are interested in the market. The current wave of callback is consistent with the previous cycle. It is expected to start today and end the day after tomorrow. This is the last bottom test after the decline of this big cycle, and then a complete reversal. Of course, we still need to pay attention to factors such as geopolitical conflicts and the policies of the Federal Reserve in the later reversal path. The most basic thing to do when looking at the market is to understand and know the market attributes of the market. The market changes rapidly, and the only thing that does not change easily is the cycle. In the short term, after the first support of 64,000 points is broken, the second strongest support is around 60,000 points. There is still no expectation of a new low. The sign of a market reversal is a breakthrough of 68,000 points.

ETH: Ethereum was at 3200 points, and was hit by the news that the Ethereum spot ETF will be rejected in May. The authenticity of the news is currently unverifiable, and there is a possibility of unlimited speculation before it is finally implemented. What I know is that the Ethereum spot ETF will definitely be approved. Even if it is rejected in May, it cannot change the objective fact that it was approved within the year. In addition, a group of big investors led by Brother Sun have been buying ETH recently. There must be market opportunities that we ordinary people cannot smell. Unlimited buying means that the market is bullish in the later stage. Since the direction given by smart money is consistent with our thinking, we just need to hold it firmly.

During the correction period of the market, the only principle of the copycat is to cover the positions with floating losses in the previous period, and then ambush the parts that are relatively resistant to decline during the correction period before stopping the decline. April is about to pass, and the focus of May is on the blockchain game sector and fan tokens. In addition, the meme concept will continue to be hyped.

Finally, stay away from leverage and stock up on spot goods! #Megadrop #新币挖矿 #大盘走势 $BTC