Yesterday's market situation analysis #热门话题

Yesterday's market was a bit ugly. Although we expected it at the beginning, the market changed so fast that it exceeded our expectations. Both Bitcoin and Bitcoin have experienced a significant correction. #BTC

Specifically, Bitcoin's highest point yesterday reached 71758, but its lowest point fell to 68210, with an overall decline of 3.45%. The situation of Bitcoin was similar, with a high of 3727 and a low of 3450, a decline of 5.09%. Although the volatility of Bitcoin and Bitcoin is not particularly large in terms of intraday fluctuations, the performance of altcoins is very fragile and cannot withstand the market's tossing.

So, what will happen to the market today?

At present, market sentiment is quite anxious. Originally, after a week of consolidation in April, the market finally ushered in a rebound, but it was brought down by Bitcoin, and everyone's mood began to become low again. Now, the price of Bread is hovering around 68600, while Bread is fluctuating around 3480. From the hourly level, the market is fluctuating, while the 4-hour level shows a downward trend.

There are two pieces of news that we need to focus on today: one is the CPI data released at 8:30 tonight; the other is the minutes of the March monetary policy meeting released by the Federal Reserve. In particular, if the CPI data is higher than expected, the market may continue to fall; if it is lower than expected, BTC may rebound.

In terms of operation, the pressure levels of Bread during the day are 69300, 70000 and 70800, while the support levels are 68500, 67500 and 67000. For Bread, the pressure levels during the day are 3520, 3600 and 3670, and the support levels are 3450, 3400 and 3320. Due to the large amount of data today, it is recommended that you operate less or not, and keep a high altitude awareness.

In terms of the spot sector, the biggest regret of this round is that the profit was not stopped in time. Although many currencies have performed well in this round of rebound, such as Ena, Ethfi, Oxt, Flm, Nkn, etc., which have risen by more than 30%, most of the profits have been lost due to the failure to stop profit in time, and some currencies are even trapped.

However, I personally still insist on the strategy of continuing to hold spot. Although the market fluctuates greatly in the short term, in the long run, we need to believe that 73777 is not the peak of the market. If we cannot accept a 50% retracement, we cannot enjoy 100% returns.It is difficult to do well in every wave, but if we can't do it well, we can only choose to fight the time war and the cycle war.

For the currencies currently held, it is recommended that you continue to hold. If there is a sharp drop or a pin-spiking behavior, you can appropriately cover your position. The main targets for covering positions include Ordi (near 60), Ethfi (below 5) and Eth (below 3400). At the same time, you can also pay attention to whether some fan coins will have independent market conditions. If there are profit opportunities, you can sell them in time.

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