The direction is clear, no simulation or ambiguous analysis is done, for reference only
News: Today's Fear and Greed Index is 80. 1. Bitcoin ETF daily trading volume hit a new high of $2.6 billion. El Salvador holds Bitcoin worth more than $147 million, with a profit of more than 40%. 2. Mining company Marathon Digital launched a Bitcoin sidechain development platform and has begun building two sidechains. 3. Lookonchain: The US government currently holds more than 200,000 bitcoins worth $12.3 billion. 4. Gate.HK has submitted an application for a Hong Kong virtual asset trading platform license. 5. Bitfinex analyst: BTC price is expected to reach $100,000 to $120,000 in Q4 2024. 6. Coinbase has become the world's fourth largest listed exchange.
Technical aspect: The price of the big cake rose to 64,000 at about 1 a.m. last night, and then it plunged downward to 58,700, killing both long and short positions. You will find that the price has not changed in the morning, but the position is gone. Many retail investors have been liquidated. Feilong has long advised everyone not to touch the contract in the bull market, but he just didn't listen to the advice. The weekly level is a bit exaggerated. It has risen by about 25% this week. If it continues like this, it will break the previous historical high. There is no pressure at all in front of the trend. The daily level has five consecutive positives. Although it has risen so much, Feilong still has no signs of a daily limit. It can only be said that it should be taken one step at a time and responded flexibly. Brothers with short positions, if the big cake plunges, it is an excellent opportunity to lay out a cottage. After one or two months, most cottages are more than two or three times the current price. The 4-hour level is very strong and will continue to break through the previous high of 64,000. The cottage season may break out in mid-to-late March. Feilong believes that if it continues to rise, 69,000 around 3,000 US dollars may be the stage high point of this round of market. The probability of a one-time breakthrough is not high, and there is a probability of a deep squat. In terms of operation, do not move in the long term, and operate with small funds in the short term. Do not chase the rise and sell the fall, remember! #BTC #币圈行情分析 #ETH
