The massive outflow of Bitcoin from exchanges is also a factor driving the price up. In the past 20 days or so, about 40,000 Bitcoins have left exchanges, indicating that liquidity is declining.
When Bitcoin is withdrawn from exchanges, it may mean that holders intend to hold it for the long term, reducing selling pressure in the market and creating a bullish environment for future price increases, as about 74% of the circulating supply is considered illiquid. Enter the copy:
📌9.28 market view. 📌
$BTC view:
It's another weekend, happy weekend everyone! Weekends are either no fluctuations or large fluctuations. Because weekends are the lowest liquidity.
Bitcoin has a small level of callback demand. Bitcoin callback 65773 has a 2b false break and quickly recovers. You can add one hand, and the stop loss will be broken. If you can't recover, don't add more.
65773 with volume directly broke through the rebound and could not be recovered. Chase the short on the right side and recover the stop loss. Pay attention to the changes in volume.
The upper 66118 with volume directly broke through the hourly level and closed above 66118. The right side chased more and took back the stop loss. At present, long positions are mainly used, and short positions are supplemented. Short positions can only be short positions.
Pay attention to the position of 67442. If there is a 2b false breakthrough, you can short one hand. The high point of the false breakthrough is the stop loss position. You cannot hold the order, and the left side is light.
If the big cake can give the opportunity to step back to the range of 65233-64190, you can arrange long orders in batches, and stop loss immediately if it falls below the range.
Small-level pressure of the big cake is 66923-67383-68302
Small-level support of the big cake is 65188-64524-63912
The daily MACD fast and slow lines are all above the zero axis. Now it is the world of the bulls. Be cautious in shorting.
😃😃😃😃😃😃😃😃😃😃
$ETH Idea:
The second cake 2702 breaks through the right side with volume and chases long, and withdraws the stop loss.
2687 breaks through the right side with volume and chases short, and withdraws the stop loss.
2687 false break and withdraws a small long position directly, and breaks the stop loss.
If 2752 is given above the second cake, you can go short a small position and break the stop loss. 2634-2588 arrange long orders in batches, and stop the range.
Pressure above the second cake 2723-2772-2821
Support below the second cake 2636-2588-2535
Today is another day of consolidation and shock. If the opportunity is given, do it, if not, just wait and see. Meeting adjourned.