The break of the previous low of the day has broken through the psychological defenses of many people. People are cutting their losses and leaving the market in an endless stream, both inside and outside the market. If the purpose of the dog dealer is simply to absorb enough cheap chips before the start of the cyclical bull market starting with the interest rate cut, then he has undoubtedly been very successful.
In terms of news, everyone in the circle is talking about the German government selling, the Americans selling, the miners selling, and Mentougou. The German government's selling is a clear shipment within the day. Brother Sun directly called on the German government to communicate with the over-the-counter transaction to digest it directly. However, the Americans should still be in the state of trusteeship of Germany, not a one-time sale mode. The certainty of Mentougou's selling is beyond doubt. The miners' current shutdown price has been broken through, and the selling tide ended in a struggle some time ago.
Calculated by volume, the German government has 40,000 coins, and they are not being sold all at once, so there is no possibility that the market will not be able to catch up. The United States has about 200,000 coins, but a certain Eastern giant is conservatively estimated to have 300,000 coins. Combined with the severe economic situation in recent years, the gradually expanding debt quagmire, and the long-term decline in the morning is far greater than the evening in the past six months, it is hard to guarantee that the table in the crypto market has been overturned by someone behind the scenes. Of course, the above is pure YY.
From a macro perspective, the initial jobless claims and employment data released yesterday are both good for the risk market. It is expected that the non-farm data tomorrow night will also be good. If it is finally released, it may become a short-term stop signal for this round of decline. Yesterday, the Bitcoin spot ETF had a net outflow of 20.5 million US dollars, of which Grayscale GBTC had a net outflow of 27 million US dollars and Fidelity FBTC had a net inflow of 6.5 million US dollars.
Today's big drop has resulted in a 24-hour liquidation of 380 million US dollars, of which long positions account for 340 million US dollars. The long positions have definitely been defeated after this battle. If the daily decline continues to be more than 5%, the downward profit ratio will not be large. In the short term, before the decline stops, beware of the last bullish spike with a good depth.
Everyone is experiencing such a market for the first time, and also experiencing such a copycat market for the first time. The relay market in the early stage of the bull market, the scale of the wash-out similar to 519 is beyond words. Since the market has reached this state, we can neither panic nor do nothing! In terms of Bitcoin and Ethereum, Bitcoin below 58,000 points and Ethereum near 3,100 points have reached a very high cost-effective stage.
In the cyclical market, Sanshu has always believed that the more bloody and intense the washing process is, the more gorgeous the fireworks will be in the future. In the second half of the bull market, Ethereum spot ETF will be listed, the U.S. will cut interest rates and release money, and the speed of capital inflow will be much faster than before!
BTC: The pessimism of the market has been fully released during the day, and the number of orders has increased significantly compared with the previous few days. The long-short ratio data has only slightly eased after three consecutive critical strikes during the bull day. The short-term release of short positions, whether it is selling pressure from all parties or the release of emotions, the market is technically a second bottoming trend of the early correction. The performance of the cottage this time is slightly more in line with the normal linkage logic. The bottom range of 57,000 points - 56,000 points is very important. If the institution breaks through at this position, the lower limit support will reach 52,000 points. Sanshu believes that in an immature market, retail investors should not bear all the adverse consequences. He hopes that some leading institutions will make a difference. If the market can stop falling before tomorrow night, the technical rebound is expected to start on the 5th and go before the 12th. After the rebound takes a breather, it can choose a later direction.
ETH: Ethereum fell much more than Bitcoin. The positive effects of ETF approval were completely consumed and it returned to the starting point. Do you dare to hold on to the obvious positives that will come later? Don’t make random moves during this garbage time.
The fear index is 44 during the day.
Finally, stay away from leverage and stock up on spot goods! #美国首次申领失业救济人数超出预期 #非农就业数据即将公布 #德国政府转移比特币 #BTC走势分析 $BTC
