madman says...
Today's surge was a bit of a surprise, and I didn't quite see the logic behind it. Some people said that it was the risk aversion sentiment caused by the French bank's anticipation of thunderstorms in Europe. Madmen think it seems unreasonable, because not only the rise of Bitcoin, but also the rise of Ethereum With a bunch of small coins rushing upwards, all kinds of concepts suddenly fly together. Is this about to start a new round of trends? If the currency circle is linked to the European and American stock markets, then this wave of rise obviously has nothing to do with the opposite stock market. It is completely a sudden start of the Asian market time, and it is an independent market. It was caused by the upsurge of market sentiment. With the order of Dabing, various funds began to rush in.
Recently, from the perspective of Binance’s Bitcoin trading volume, it can be clearly seen that the trading volume has dropped by nearly 90%. This is a signal that a large number of market makers have retreated. Why did they retreat? Perhaps it has something to do with the CFTC suing Binance. Those large Wall Street market makers did not want to affect their real main business because of the policy risks in the cryptocurrency market, so they withdrew first after smelling the policy risks. Their retreat caused a sharp drop in market depth. In plain English, 100 million yuan could only pull 100 US dollars in the past, but now 100 million yuan can pull 1,000 US dollars. Therefore, under the same sentiment in the market, due to the rapid weakening of the market depth, resulting in Dramatic changes in market volatility, so don't look at the sudden increase of 5% today, in fact, it is as simple as the previous increase of 0.5%, which is the internal reason why everyone can't find the logic of today's increase.
To sum up, it’s easy when it’s rising, and it’s the same when it’s falling, so those who do leveraged trading should try to get in and out as fast as possible, otherwise once the volatility rises, it will be more difficult to control psychologically.
The sudden appearance of such a line on the daily Bitcoin line has the opportunity to continue to break out of new highs. The overall Stablecoin has not continued to flow out, but the dollar is still outflowing, so the recent trend is likely to be strong in the Asian market and the US market. There will be some shocks or even a fall. Funds have fully returned to various small coins, and Ripple’s supplementary increase is likely to have completed its mission. The market has chosen a general increase, which means that the probability of a new round of market opening is relatively high. Operations can continue to participate in bargain hunting, and the low point is likely to be at Before and after the US stock market closes, to find a good buying point, you may have to get up early.
Greedy 57, little change.
Disclaimer: The article only represents the author's personal views and opinions, and does not represent the objective views and positions of the block. All content and opinions are for reference only and do not constitute investment advice. Investors should make their own decisions and transactions, and the author and blockers will not bear any responsibility for the direct and indirect losses caused by investor transactions.
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