The bull market is still there, but the bull market is not a smooth ride!
Michael Novogratz, CEO of Galaxy Digital, said in an interview that I think bitcoin will consolidate for four to six weeks. When talking about Musk, he said that Musk’s comments about mining are just superficial and I don’t think it’s unique to bitcoin, all industries use energy. novogratz said the cryptocurrency industry is looking at environmental, social and corporate governance issues and if the impact of bitcoin can be mitigated through carbon offset credits, for example. Even with the recent decline, bitcoin should still move higher throughout the year, and the SEC could approve a bitcoin ETF by the end of this year or early next year. the ETF is expected to be the next catalyst for cryptocurrencies. Although Hana also believes that the bull market is not over, the recent trend is indeed very dangerous. It is recommended that you do a good job of risk control, do not gamble at any time, and make sure to keep your money safe.
The first hour macd bottom divergence, stopping the rebound, Hua believes that there is a relatively strong support near the high point of the last wave of the market, this position does not fall below, Hua believes that the short term will have the opportunity to rebound 1-3 days. If the one-hour trend can drive the four-hour macd to form a bottom divergence, Hua expects this wave of rebound height will be above 50000, short-term operations, Hua suggested that reference 42000 a strong support, small capital batch participation spot, effective fall below 42000 a strong support stop loss. Support level 42000, pressure level 47000.
eth double needle down the 30-day average support, began to stop the rebound, Hua believes that the 30-day average support is effective, the operation is recommended to refer to the 30-day average support for small capital participation, falling below the stop loss. Support level 3100, pressure level: 3600.
bch one-hour macd form bottom divergence trend, short term will have a small rebound, retracement of small capital participation, the emergence of new lows immediately stop loss. Support level 980, pressure level 1180.
Friends yesterday said that the relative high point has fallen more than 30%, the risk of small capital layout is very low, it is recommended that the low absorption first hold it. Support level 260, pressure level 310.
ltc flower brother has been prompted to plunge in the 200-300 range in low batches, congratulations to the fans who copied the bottom, did not plunge the bottom of the flower brother suggested to continue to layout in the 200-300 range in low. Support level 260, pressure level 320.
linkLong-term trend remains very good, which is why Hua continues to be bullish, one-hour macd bottom divergence, there are signs of stopping the decline, it is recommended that small capital light position to participate in the rebound. Support level 35.0, pressure level: 41.0.
sushi gives a feeling of not going down, there is a main force below to protect the plate, the operation of the flowers suggest stabilizing the 5-day average support, the layout of the low. Support level 15.0, pressure level: 20.0.
ada yesterday we prompted to reduce part of the position hedge, to avoid bitcoin with collapse, today’s trend is not strong and not weak, it is recommended to hold positions and wait and see. Support level 1.9, pressure level: 2.2.
xrp four-hour macd re-stands zero axis, short-term probability to rebound, the 5-day SMA began to turn upward, Hua believes that is a better sign, the operation suggests small capital to participate in the rebound. Support level 1.40, pressure level 1.65.
zec one-hour macd bottom divergence, short term flower brother thinks there will be a good rebound, the rebound does not stand on the 5 day SMA support, flower brother suggests reducing part of the position. Support level 220, pressure level 270.
xtz in line with Hua’s retracement of 30%-40% bottoming out tactics, the operation is recommended to lay out in batches at low levels. Support level 5.0, pressure level: 5.8.
The ksm has seen a new all-time high, and Hua believes the dot will not be too bad. As long as the slot auction does not land, Hua expects the dot will not be too bad. Operationally, it is recommended to continue with the low layout and wrestle with the market before the favorable landing. Support 36.0, pressure level: 43.0.
uni one-hour rebound, the rebound if not on the 5 day SMA support, Hana suggested no position reduction reduce part of the position, has reduced the position recommended to hold the position and wait and see. Support level: 31.0, pressure level: 37.0.
The key note: Flower analysis of the trend is valid for 24 hours, suitable for short term traders, if you can not insist on reading the article every day, it is easy to miss the operational guidance and cause losses. Buddhist coin holders can ignore the short-term trend and take a year, making money is probable.
2、Daily Coin News
Daily hot news interpretation
After the dog coin, Shib coin, turtle coin and other “animal coins” dominated the headlines and search lists of the media day after day, sucking up a lot of attention and money, the old leeks were angry. From the official birth of Bitcoin in 2009, some of the earliest people who were concerned about digital currencies have been following the ups and downs of this circle for more than ten years. What they never expected was that digital currencies, which they had painstakingly researched and promoted for many years but always hovered on the edge of the mainstream, would burst into the limelight in 2021 because of a group of strange and bizarre cottage coins. Although a large number of new forces began to pour into the digital currency market with the help of various cattle and snake coins, this “boom” did not make the old leeks feel happy, because in their eyes, this is not the right way, but a divergent path.
While many ordinary people still do not understand what digital currency is, the war of division in the circle has been quietly drawn: on one side is the “old leek” who holds a lot of mainstream coins such as bitcoin and ethereum and insists on holding coins rationally, and on the other side is the “new leek” who wanders around various popular concept coins and plays the game of drumming. “New leeks”. Although Bitcoin has made some progress over the years, it has struggled to find uses other than as a tool for speculators. As a form of payment, bitcoin must gain traction to become more ubiquitous. Spending it isn’t easy, and its uses are generally limited to high-end spending. One of the obstacles is that the transaction fees built into the network code change as traffic changes. Users who pay higher gas fees can move their transactions to the front of the processing queue. As the cryptocurrency’s popularity surged, fees for bitcoin transactions skyrocketed, limiting the possibility of using bitcoin for small transactions, so alternatives for small purchases were bound to emerge in the future, and that’s how dogcoin was pushed to the middle of the stage by Musk.
In addition to the actual application scenario, this incident is essentially similar to the Game Stop incident in that they both reflect the split in the class, and both Game Stop and Dogcoin are the subject of a challenge by retail investors to the powerful class, and are Internet games that involve the entire population. For the recent crazy MEME tokens, we should be rational, behind the excessive madness often lies a crisis!
Follow the trend, do the trend of the followers
After the big drop there must be a rebound, flower brother predicted that the wave of rebound target roughly in the vicinity of 50000, the retracement is the opportunity to batch layout, small positions bo a rebound, earn a batch of profit stop. This wave of the market, flower brother is once again successfully lead us to escape the top, about the trend, flower brother basic pinch steady, this concern flower brother old fans should know. The actual fact is that you will be able to see the article of Brother Hua, thanks for your support as always!
Posted by:CoinYuppie，Reprinted with attribution to:https://coinyuppie.com/the-short-term-is-starting-to-stop-falling-how-much-room-is-there-for-a-rally/
Coinyuppie is an open information publishing platform, all information provided is not related to the views and positions of coinyuppie, and does not constitute any investment and financial advice. Users are expected to carefully screen and prevent risks.