Bitcoin market analysis:
The current key resistance level is around 72,100. Recently, many people are discussing whether the current trend of Bitcoin is converging and oscillating upward, or converging and oscillating downward.
If you look at the bulls, this position is the key point. Once it breaks through and stabilizes at this position, it is basically a signal of an upward breakthrough. Otherwise, it will still fluctuate in the range or even fall.
The current support position has changed significantly.
The first support is 68,000, and the second support is around 65,500. Especially the second support, the support of the upper line of the monthly Bollinger band has moved down, which is also the disadvantage of the recent market that has not been able to effectively break through.
In the short term, pay attention to the break of the first support, and the focus is on the second support. Once the second support falls, the space below will be around 60,000. Because the only effective support below is around 61,000. The situation at this position will be discussed later.
Bitcoin is currently stable near the first support, but the premise is low trading volume and poor liquidity. The actual situation still depends on the support after the increase.
It should be noted that the daily Bollinger Bands have shrunk to around 7,000 points. According to the perspective of carving a boat to seek a sword, this kind of daily contraction generally requires a daily breakthrough in the short term. If the first support is not broken, the probability of upward movement will be high.
The RSI relative strength index has now fallen to around 43. This value is basically to stimulate oversold rebound sentiment, and it needs to be successfully stimulated before the first support is broken.
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Let's take a look at the situation in the international financial market first:
This week's US stock market is also relatively bumpy. First, it was affected by the hawkish speech of the Federal Reserve officials last week, and then because of the tense geopolitical situation, the bond market and the stock market were frustrated again. Investors under the mood are more inclined to gold and the US dollar with strong risk aversion.
The US stock market fell with a group of technology stocks, and Apple's stock stood out and maintained a small increase.
The micro-strategy of the coin circle stocks, Coin is also deeply affected.
The US dollar index once broke through 106, and it is still not far from returning to the highest point in 23 years.
Although the 10-year US Treasury yield has fallen slightly, it is still higher than the high interest rate level of 4.5%.
The strengthening of the US dollar index also brought about the strengthening of the yen, and the US dollar weakened slightly against the yen.
International gold is currently volatile. Today, the gold market hit a historical high of 2431, and it is currently falling back to around 2373.
International crude oil once broke through 92 US dollars under the support of the situation, and is currently staying at 90 US dollars after falling back.
CME Bitcoin futures quoted 69,185, maintaining a positive premium of more than 300 points with the spot, and bullish sentiment has weakened.
The theme of the international financial market today is whether the risk aversion under the tension of "geopolitical" will lead to a large-scale collapse of the risk market.
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