Today's homework is a bit boring, I will try to describe it in a simple way. The war between Israel and Iran is still going on, but as we said yesterday, the attention in this regard may gradually decrease. The risk market's panic about the war can get some signals from oil prices. Today, officials of the Federal Reserve also said that geopolitical conflicts are also one of the reasons for the recurrence of inflation. The key point is the price of oil.
So to put it simply, we can determine the market's direction towards the war by paying attention to the trend of oil prices. If the price of U.S. oil continues to rise, then the impact on the United States will indeed be greater, but if the price of U.S. oil is on the decline, then the market's pessimism will decrease.
The U.S. stock market is also a good reference. Today is only the second day. At least now I see that the three major stock indexes have begun to turn positive. The risk market has begun to consume expectations of war. After all, this is not a big deal for the current U.S. economy. The focus is still on Friday's non-farm data, which is the data that the U.S. market and investors are most concerned about.
Looking back at the BTC data, panic has not yet appeared. Although the current turnover has increased slightly, it can be clearly seen from the data that the departure of losing investors accounts for more than 80%, while the departure of profitable investors, especially short-term profitable investors, is only about 12%. Therefore, the drop in#BTCprices has not triggered changes in early investors.
I have talked about support levels countless times, but there are always friends who don’t understand, and I am too lazy to explain. The support position of on-chain data supports the majority of investors, or the position of investors with concentrated chips, which is different from the support level of K-line. Currently, US$60,000 to US$69,000 are both dense support areas for chips, of which US$60,000 to US$63,000 still have a large number of short-term investors, so relatively speaking, above US$64,000 is a more stable support area. This support area does not mean that the price will definitely fall below.
It means that the dense investors at this price have not sold off their holdings due to panic, so this position is very easy to return to, which is the meaning of on-chain support. I am a little tired, support is not only for K-line, on-chain data also has its own support.
The data has been updated, address: https://docs.google.com/spreadsheets/d/1E9awSVwrVOxKOiaMdYT5YZvfveeFd9ENU-iO6dVcGj0/edit?usp=sharing
This tweet is sponsored by @ApeXProtocolCN | Dex With ApeX
