The direction is clear and can be analyzed without simulation. It is for reference only.
News: Today’s panic and greed index is 75, which has weakened, which is good. 1. Fed Chairman Powell: There is no need to rush to cut interest rates. Powell reiterated: The latest inflation data is basically in line with expectations, but there is no rush to cut interest rates, which is a small negative. 2. Glassnode: After the approval of the spot Bitcoin ETF, approximately US$9.5 billion worth of BTC has been withdrawn from major exchanges, which is positive. 3. Bitwise CEO: The Bitcoin halving in April this year may have the biggest impact. 4. Web3 development platform Mirror World launched its first game rollup chain on Solana. 5. WIF broke through all-time highs, and its market value exceeded PEPE. 6. Open interest in Bitcoin futures reached a new high, reaching $38 billion.
Technical aspect: The big pie is sluggish, the copycats have collectively stalled, and demon coins have begun to run rampant. This is the current situation of the market. Affected by the news last night, the lowest price of the pie reached around 69,000 US dollars. In line with Feilong’s analysis yesterday, it would not fall sharply, but the price would hit 70,000 US dollars, and then quickly reach 70,000 US dollars. Judging from the weekly level, the volume can be significantly smaller than before. I am afraid that we will not see new highs in the short term. We need to wait patiently for the indicator to recover, which will take at least 4 weeks. The daily level is too weak, and the main garbage time, Bollinger Bands, has entered a narrow range oscillation mode. The 4-hour level is somewhat similar to the daily level. They are quite different. Please wait patiently! A copycat is to finish a wave, rest for a period of time, and then another wave comes when you are not paying attention. If you don't have the patience to wait, it is difficult to make money. It is impossible to rise every day. The banker will just grind with you, and the retail investors will keep an eye on the market. It's almost unbearable. In terms of operation, it is recommended to check the currency held for a long time once every 1 to 3 months, otherwise the biggest enemy that prevents you from getting rich is yourself! #BTC #山寨币 #币圈行情
