When a coin has a main force, the technical aspect is not as important as the main force's idea, even if the coin is as strong as Bitcoin. In terms of trend, Bitcoin has gradually lost the opportunity to fill the gap below in the short term. The strong buying of Wall Street directly caused it to go sideways for a week, almost absorbing 90% of the long contract positions. At present, the short contract positions continue to soar, and the short squeeze war is imminent.
The exchange rate of Ethereum to Bitcoin continues to hit the bottom, and surprisingly, the exchange rate of Sol to Ethereum continues to hit a new high. As a public chain, Ethereum made everyone successful in the last bull market, and Sol made a generation of people rich in this bull market. I was particularly moved when I wrote a member document today and asked if Sol should be sold because it has increased tenfold. How far has this bull market come?
Sol is currently less than 10% away from its historical high, and a new high is no longer a suspense. One of the fundamental reasons why Sol can be strong at a high level recently is the explosion of Dexx. All Sol on the chain is gone, and the general buying back to continue to speculate on memes is not right, which directly led to the rise of a new Sol's strong market. Facts have proved that those who can help you break through successfully are not necessarily your peers.
The overall meme wave is much smaller, and the turning point of market speculation is gradually coming. Recently, rif and uro, which are active on the chain, are both DeSci (decentralized science) concepts. They are also memes. The difference between the previous memes that were completely worthless and this one is the connection between DeSci and real society. In layman's terms, science brings in off-site funds, and meme tokens support the progress of scientific research and development. The two complement each other.
Regarding the recent hot topics, the majority of people are not on the bus. The development of the times is never subject to our personal will, and this is even more true in the cryptocurrency world. When many of our partners are still in the zoo and botanical garden, the sudden rise of DeSci caught us off guard again. The sudden rich story really fits the classic old saying: those on the bus don’t understand, and those who understand haven’t gotten on the bus yet.
The current capital flow in the secondary market is still in the old coins. The old coins and memes have many similarities to a certain extent. They are all in full circulation, and the chips have become relatively fair after the continuous plunge. And based on the current state of Ethereum and the situation of funds on the secondary market chain, the entire altcoin sector tends to have not officially exploded yet, and everything has just begun.
Poland also plans to add bitcoin to its national strategic reserves. Together with the United States, the globalization of Bitcoin is unstoppable. I am really moved. The status of the number one bitcoin power has been handed over. This decision directly leads to paying more than ten times more real money to return to the previous status in the circle. The top people are also determined by their butts.
BTC: If Bitcoin continues to fall at this position, the hope for a violent wash in the short term may be in vain. To be honest, I still admire my operation arrangement last week. Even though I am bearish on Bitcoin, I have no intention of reducing my Bitcoin position for short-term trading. Instead, I only reduced my Ethereum and some altcoins. From a technical point of view, the current bottom support of Bitcoin is in the range of 86,000 points to 88,000 points. If this range is maintained, the market will move upward and the bulls will test the trend. At this stage, without considering moving Bitcoin positions, we should be cautious about the current volatile trend. Whether it breaks through or falls back, we will always find a direction.
ETH: Ethereum is linked to Bitcoin and is adjusting weakly. The technical support for the correction is around 2800 points, and the amplitude is linked to Bitcoin.
Shanzhai: Pay attention to several sectors. The old mainstream (fil, apt, etc.) have not started to move yet and the AI concept series, followed by the game sector and the NFT sector with the longest wash time. Nvidia will release news on the AI concept this week and it is expected to drive a wave of sector market. Then there are the two heads of the DeSci concept, rif and uro, which are very popular today. Before listing on a certain security, there is basically no pressure to increase this popularity several times, so you can ambush with a small warehouse. For other Shanzhai, please communicate in the comment area.
The Fear and Greed Index is 83 during the day.
Finally, stay away from leverage and stock up on spot goods! #DeSci热度上涨 #英伟达财报即将公布 $BTC
