At present, the#BTCchip data basically indicates that 54,000 is the bottom range of this round of callback. Congratulations to the partners who followed the bottom-fishing at 54,000. Always remember one sentence: When panic, be greedy. When greedy, be cautious!

$BTC After W bottomed out and rebounded for the second time, the chip structure has been well improved. At present, the core chip support area is in the range of 65,000-59,000, with 682,000 chips supporting it.

The upward core pressure chip is in the range of 65,000-72,000, with 534,000 locked-in chips.

For the first time in nearly a month, the chips in the support area > the chips in the pressure area. Combined with the strong net inflow of BTC ETF funds for the past 8 days.

Breaking through 72,000 will also be a high-probability event. Although Mt.Gox has an impact, it is only a repayment, and it does not necessarily mean selling. The actual selling space is limited!

There is also a potential incremental fund, the US dollar money market fund, which is currently 6.14 trillion US dollars. Among them, the short-term US dollar money fund financial management users (short-term US bonds + reverse repurchase) currently have a volume of more than 600 billion US dollars. Recently, the 10-year US bond yield has fallen below 4.2%. Once it falls below the 4% mark, it is expected to release a certain amount of funds into the risky asset field.

This area is conservatively estimated to have more than 50 billion US dollars of incremental funds entering the US stock market + cryptocurrency! Wait and see. Macroeconomic positives + Trump's expectations + Germany and Mt.gox's negatives are exhausted, all persistence will be worth it!