鸿燊资本Rain

Many people hope that Doge can soar into the sky with Musk's call, and they still hold on to Musk's dream to recreate the glory of Doge. But facts have proven that Musk’s influence in the currency circle is declining day by day.

When Musk ordered Dogecoin, he only absorbed enough chips to make Dogecoin in a period of sufficient market liquidity. Use your own influence to attract OTC funds and push upward.

As of today, Dogecoin has a market value of more than 10 billion US dollars. Even if you place orders again, it's just going back and forth. Are there still OTC funds coming in, and is there still a consensus established? It just became a game of mutual division in the field using orders to create fluctuations to see who can run faster.

Last week, PMI data came out, which showed that the United States is in an economic recession, which triggered Jiangxi sentiment. The U.S. dollar index weakened, and gold and Bitcoin experienced a strong rise.

Last night, MicroStrategy once again added 29.3 million US dollars in Bitcoin positions, making it a solid long position. It makes people dream back to 2021. Every once in a while, institutions increase their positions in Bitcoin. Because we are now in a rebound market, there will be more and more similar situations like this. When the market is good, everything is good.

From the perspective of Bitcoin’s cycle, 2022 corresponds to the 2018 bear market, 2023 corresponds to the year of recovery in 2019, and 2024 corresponds to 2020-2021, the year of halving. Everything is so similar. The market needs a strong rebound to make a bull run.

From the perspective of the macro cycle, the digital currency is now in the recovery phase of the cycle. The recession period, the trough, the oversold zone, the lower end of the pendulum, and the panic stage have broken away from the bottom. Came out

From a time point of view, it is at the end of the interest rate hike and the liquidity is in the most tense stage of reversal. There is no OTC capital injection, but the sentiment is in the recovery stage. The upward capital push is not enough to support the big bulls, and there is not enough selling energy downwards, so it is in the sideways stage.

The mid- to long-term trend is upward, the short-term trend is sideways, and there is no hot narrative. Therefore, this stage is not a general rise stage, but a stage where each small currency plays independently and takes its own independent form.