At present, the BTC chip data basically indicates that 54,000 is the bottom range of this round of callback. Congratulations to the partners who followed the bottom-fishing at 54,000. Always remember one sentence: When panic, be greedy. When greedy, be cautious.
After the second bottoming out and rebound of BTC in W, the chip structure has been well improved. At present, the core chip support area is in the range of 65,000-59,000, with 682,000 chips supported.
The upward core pressure chip is in the range of 65,000-72,000, with 534,000 locked-in chips.
For the first time in nearly a month, the chips in the support area > the chips in the pressure area. Combined with the strong net inflow of BTC ETF funds for the past 8 days. Breaking through 72,000 will also be a high-probability event. Although Mt.Gox has an impact, it is only a repayment, and does not necessarily represent selling. The actual selling space is limited!
There is also a potential incremental fund, the US dollar money market fund, which is currently 6.14 trillion US dollars. Among them, the short-term US dollar money fund financial management users (short-term US bonds + reverse repurchase) currently have a volume of more than 600 billion US dollars. Recently, the 10-year US bond yield has fallen below 4.2%. Once it falls below the 4% mark, it is expected to release a certain amount of funds into the risky asset field. This area is conservatively estimated to have more than 50 billion US dollars of incremental funds entering the US stock + cryptocurrency!
Wait and see. Macroeconomic positives + Trump's expectations + Germany and Mt.gox's negatives are exhausted, all persistence will be worth it!
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