#比特币减半
Is it suitable to buy at the bottom at present? Three factors affecting prices
1. The movements of whales and miners reveal market trends
The movement of the Bitcoin market is often affected by the changes in the assets of whales and miners. These two groups hold a large amount of Bitcoin assets, so their actions have become an important reference for predicting the direction of the market.
Once Bitcoin whales transfer a large amount of assets from centralized exchanges to other custodians, it often indicates that prices may rise, because such investors usually tend to hold for a long time.
However, when assets flow to exchanges, it may mean that selling behavior is about to occur. However, this rule may not apply to miners. They sometimes hedge their assets to build stronger mining capabilities and gain more benefits in the market. This year, as the spot Bitcoin ETF was approved in the United States, whales have adjusted their asset layouts, and this trend has become more obvious.
2. Decreased trading volume reveals changes in market sentiment
The gradual decline in trading volume often means that market sentiment is weakening and the market may be entering a bear market. During this period, on-chain activities usually stagnate and market participation is significantly reduced. With the net inflow of funds and the recovery of market enthusiasm, on-chain activities will gradually recover.
Looking back at 2022, the trading volume of the cryptocurrency and decentralized finance (DeFi) markets has dropped significantly due to the dominant bear market trend. This phenomenon has become more obvious after the Bitcoin halving, which may be a precursor to the imminent collapse of the cryptocurrency market. Investors need to be extra vigilant during this period and pay close attention to market dynamics.
3. RSI indicator indicates market reversal risk
RSI (Relative Strength Index) is an important technical analysis indicator used to measure the comparative relationship between buying pressure and selling pressure. Its measurement range is between 0-100, and a higher RSI value usually means that the market is in an upward trend. However, when the RSI value is too high, it may indicate that the market is about to reverse.
Therefore, in the market after the Bitcoin halving, we should pay close attention to the changes in the RSI indicator. Once the RSI value is found to be too high, we need to be alert to the possible reversal risk in the market and adjust the investment strategy in time to cope with the potential market crash risk.At the same time, in the current market, we must always pay attention to information news. Any information may have a dynamic impact on the market. Get information in advance and you can plan ahead!
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