$Hello everyone! I am Wei Yi. I also update irregularly on weekends. Last night, I asked for an open bearish view, looking down to around 63,000 and 3,000, which was also given as expected. In the morning, it rebounded to around 64,500 and then stepped back to around 63,000, forming a fluctuating rhythm trend during the day. Last night, after stepping back to around 63,000, I entered the market in the morning to buy more than 1,000 points of space for big cake, and more than 40 points of space for concubine. In the afternoon, the short-term upward momentum was insufficient to enter the market, and the big cake took more than 700 points of space, and the concubine took more than 30 points of space. If you can't hold it, you are trapped, and you can join Wei Yi!
Bitcoin will be halved today (Beijing time), that is, the block subsidy will be reduced by 50%. This is the fourth halving since the launch of Bitcoin 15 years ago.
Halving is the basis for the fixed supply of Bitcoin, limiting the total supply to (close to) 21 million.
The reduction in supply only accounts for 0.6% of daily trading volume, and currently has less impact on prices than before.
The halving has a greater economic impact on miners, whose main source of income is reduced by 50%.
In the past, after the halving, the difficulty of mining would be reduced by 5.4% - 14.7% due to the elimination of uneconomic hash rate. However, considering the price of Bitcoin and the break-even of mining machines, it is unlikely that much hash rate (if any) will be offline.
From the current institutional point of view, for Bitcoin, the Bollinger Bands at the daily level began to close downward, the MACD moving average ran parallel, the short volume began to increase, and the KDJ line formed a dead cross. At the 4-hour level, the MACD moving average closed, the long volume gradually increased, and the KDJ line formed a dead cross; the technical indicators of Ethereum are basically synchronized with Bitcoin!
Big cake suggestion: short around 64500, target 63000
Auntie suggestion: short around 3100, target 2950$BTC $ETH #比特币减半 #Megadrop #大盘走势
