【2/2】
The Fed's intensive speeches are all hawkish, the market believes that the data is more likely to be contrary, the S&P and Nasdaq hit new highs, and there may be large fluctuations this week.
The volatility of Bitcoin continues to decline, and high-net-worth investors are still increasing their holdings. Who is selling?
III. BTC technical aspects
1. Daily line: Located around the 120-day moving average of 65,500. From the cost of on-chain chips, there may be a wide range of consolidation in this price range for a certain period of time.
2. The 7-day moving average of 66,500 and the near high of 67,000 will be the short-term pressure range, and a short-selling strategy can be adopted in this range.
3. 1 hour: There is a signal of double-needle bottoming, and the range of 64,600~65,100 will be the short-term support range. It is recommended to adopt a long strategy in this range.
IV. Market tone and suggestions
1. BTC has entered a wide range of consolidation, the bull market trend has not changed, retail investors continue to sell, and there is no signal of the end of the callback, but there is no signal of further decline. Selling pressure is low, new purchasing power is also low, stock game, information and market sentiment dominate market fluctuations.
2. Suggestions:
$BTC : Wait patiently, control the position, and adopt a strategy of investing on dips. The first range to enter is 65000~63500.
$ETH : 3280~3400 can be used as the first range to enter.
Copyright: Avoid temporarily, do not enter, re-evaluate the holdings, and prepare for position switching.
