#大盘走势 Originally, Lao Deng wanted to write this article in a short message, but because there is a word limit in the short message, I republished it in an article. I hope the official will not limit the flow. Thank you very much.
The following is Lao Deng's analysis of the reasons for this decline from the perspective of news:
The first is Iran’s escalated military action:
——The Islamic Revolutionary Guard Corps of Iran issued two statements on April 14, local time, announcing that it had launched dozens of missiles and drones at Israeli targets, attacking important military targets on Israeli territory, and successfully hitting and destroying these targets. Iran's permanent mission to the United Nations posted on social media that Iran's attack on Israel can be considered "over." Iran's permanent mission to the United Nations stated that this Iranian military action was launched in accordance with Article 51 of the UN Charter on legitimate defense. If Israel makes another "mistake," Iran's response will be more severe. The delegation also warned the United States not to get involved in the conflict.
As the world's largest risk asset, risk assets fell sharply due to Iran's first-ever attack on Israel. Ethereum and Bitcoin fell to $2,852 and $60,660 respectively in the past four hours, and the amount of liquidation reached $711 million. However, Iran subsequently announced the end of the military operation, and cryptocurrencies and risk assets also began to rebound.
The second reason is that the Bitcoin halving cycle is coming next week. According to the data from the previous article, there will be a big drop in the early stage of each halving cycle. We don’t know whether the big rise in the later stage will come, but this wave of washout has indeed caused nearly 300,000 people to liquidate their positions, and the liquidation amount has reached 7.11 US dollars. Many small currency players have suffered more serious losses. Lao Deng also mentioned in his previous article that he reminded small currency players to tighten their funds and prepare funds for the later big market operations.
The above is the market analysis from the news. Then we look at the signals in the K-line. After the M-shaped bottoming and a small increase on April 10, a double-needle escape top of W was formed at the top. That was when Lao Deng told another teacher in the team that this wave could be connected to the pin for shorting. At first, Lao Deng's prediction was 71652, but this wave of double tops did not reach Lao Deng's expectations. Lao Deng opened a short order at 71003. At 8 pm on the 12th, BTC began to fall in large volume. Lao Deng began to try to make a hedging order, opening a long position at 68600 and a stop loss of 68000. This loss was closed, but Lao Deng's short order profit could hedge the loss, and the loss was not large. This is Lao Deng's short order profit is very considerable. Lao Deng's second wave of hedging orders opened a long position at 65500, a stop loss of 64500, and a take profit of 68000. This wave of orders was profitable. Although it did not reach the highest 68000 closing, it was not much different. The most satisfying time for Lao Deng was the period of 3:45 on the 14th, when BTC shorts fell sharply. There were fans in the comment section who asked Lao Deng when he would take profit. Lao Deng said at that time that he would take profit on half of his position at 61,000.
Although Lao Deng stopped loss once in this market, he still made money overall. Lao Deng's team also took three shifts to watch the market in front of the computer screen. Some friends who read Lao Deng's article sometimes criticize Lao Deng after reading his comments. Lao Deng also said here that you should not plagiarize Lao Deng's analysis and say bad things about Lao Deng. If you have the ability, you can also give your arguments like Lao Deng.
Most of the die-hard fans are pretty good and often like Lao Deng’s articles. It’s just that sometimes their comments really affect Lao Deng’s mood. I hope that fans who read the article will follow him. Lao Deng will also analyze the subsequent market conditions every day!
