(No. 7.1-No. 7.7) Operation summary and medium and long-term market analysis!

At the beginning of the week, the price of Bitcoin rose all the way to the 63800 level. The bulls performed strongly, and the strategy gave bullish ideas a chance to be fulfilled as scheduled. However, just when most people thought that the price of the currency would continue to rise and break the high, various negative news suddenly appeared. The market instantly entered a period of freezing. The currency price fell again and again, catching everyone off guard. After the currency price fell below the support level, we had no choice but to follow the trend and follow the trend. As of now, we have no choice but to follow the trend. , according to rough statistics, the partners of ⑩ Panzhong and ↑ have gained more than 8,000-12,000 points.

At present, although the impact of various bad news seems to have subsided, the inflow of short-term Bitcoin ETF funds has brought a little confidence to the market. But Mt. Gox’s compensation plan, like the Sword of Damocles hanging over its head, may trigger panic in the market at any time. The government's selling of Bitcoin and the large amount of Bitcoin held by multiple governments around the world may become a destabilizing factor in the market, and the profitability crisis of the mining industry is also gradually emerging. As Bitcoin prices fall, mining profit margins are being squeezed. This could lead to more Bitcoin miners being forced to sell, further exacerbating the market's downward trend.

Macroeconomic uncertainty is also an important factor affecting the Bitcoin market. The Federal Reserve's interest rate decisions have a direct impact on the attractiveness of high-risk investments. The current interest rate environment is a key factor that cannot be ignored for the Bitcoin market. Based on the above and other factors, the current rebound does not indicate a reversal of the trend, and there are still expectations for another downward trend in the market outlook.

For next week's medium and long-term chart, the 60000-62000 area is the key. If the rebound cannot stabilize in this range, you can try Kongdan intervention. At the low point, focus on the 48000-50000 area. Ether focuses on the 3200-3300 area. If the rebound does not continue, you can also try Kongdan intervention. , the following focuses on the new low near 2800.

In terms of short-term operations on Sunday night, Bitcoin continued to maintain shock treatment at first. Bitcoin continued to rebound at 58500-59000, and then stopped at 56600-57000! Ether rebounded from 3080-3130, then stopped at 2930-2950.