♥Analysis of the current status of Bitcoin:
♛Influence of chain data:
1. At 10:04, Fidelity transferred 64,997 Ethereum to Coinbase through Cumberland; (Fidelity's transfer will affect the supply and demand of the secondary market to a certain extent, put a certain pressure on the market, and affect the bearish sentiment of the market)
2. Russia began to sell confiscated Bitcoin assets, and the first batch of liquidations was about 10 million US dollars (the case involved 1,032.1 Bitcoins. Due to decentralized storage, it is currently necessary to apply for rulings for different wallets separately)
3. (Btc, Eth) Etf has the largest single-day net outflow since its listing! Among them, Fbtc has a net outflow of 258.7 million US dollars!
(The outflow and inflow of Etf represents the action instructions of short-term institutions to the market, which will affect the overall positive sentiment of the market and put pressure in the short term)
♛Analysis of the market:
As shown in the daily line of Bitcoin, the closing of the monthly line laid the bearish momentum of this month. This is also the risk adjustment that I have been repeatedly telling you in advance some time ago. Bitcoin quickly fell back after rebounding around 102,700! Today's lowest retracement was around 91200 points. Recently, it was mainly in a wide range of fluctuations, but the overall trend was bearish.
Thinking 1, the defense line around 91500 has built a relatively strong support bottom after several declines. You need to pay close attention to the support of S1! However, from a technical perspective, there is a possibility of breaking through and further testing the s2 support area around 86000 in the near future!
Thinking 2, if the main force intends to clear leverage from Figure 1, then 91500 will become an important defense line for the stage bulls, then the upper chip area will be concentrated at 96600, and the accumulated liquidation short leverage is 1.955 billion US dollars!
If you only think about 2, if you don't break 91500, the market will enter a wide range of fluctuations again, but combined with the market fundamentals, Brother Hu believes that the probability of this break is relatively high, and is more inclined to the idea of thinking 1!
Summary reference suggestions: At present, the risk of major adjustments has not been lifted, and the spot still needs to wait patiently. The market will give discounted chips again!
The copycat bull market will come, and it will definitely come. All we have to do is not to be tortured by the market and lose our principal and confidence before the bull market comes. You only need 1-2 big opportunities to double your assets!
[The above analysis is for reference only. You are responsible for your own operation risks. Leverage risks have increased recently. Brother Tiger recommends that you stay away from leverage for the time being]
Vb:
https://weibo.com/5654800348/5121223549784222
