Bitcoin made a new high today. After breaking through, it began to slowly climb upward along the wedge, and the trend is very healthy. The next point to focus on is the result of stepping back on the trend line. If it can successfully step back on the trend line, it will be around 51,000 USD, and the pressure above will be around 54,000 USD. For Bitcoin, it is very simple, that is, holding the currency to rise.
As can be seen from the Bitcoin rainbow chart, Bitcoin may enter a period of accelerated growth in the future. Of course, there will be greater adjustments. In short, the market sentiment is high. The target position is still above 100,000 US dollars. It's still what I said, you can only make money if you believe, otherwise you will lose your cheap chips in the shocks.
From the seasonal index of altcoins, it is still hovering around 67. The craziest moment has not yet arrived, and there is still a lot of room for altcoins. Before the end of this bull market, altcoins can definitely outperform Bitcoin. The key depends on whether you have the patience to hold it.
The Bitcoin Dominance Index continues to hover around 62, altcoins are ready to move, and Bitcoin might as well let more. In fact, for us investors, we are happy to see this situation. The longer this situation lasts, the longer the bull market will be.
The number of bitcoins in the exchange is still at a low level, which has a lot to promote the continued rise of bitcoin and is conducive to the market outlook.
The transfer volume of Bitcoin wallets of miners has increased, which is higher than the average level, and is the same as the recent transfer level. This makes the short-term market full of uncertainty. See if it will continue to increase tomorrow, if it continues to increase , We need to be alert to a new round of hitting, but for now we should continue to be optimistic.
Coinbase’s premium rate shows that each wave of rise will result in a negative premium. This shows that the main funds for the rise are domestic funds, and foreign institutions have not rushed to raise money. This is also for the market. Some adverse effects.
From the exchange rate of Bitcoin funds,Already close to the historical high point, the last time this situation occurred, the smashing occurred. Therefore, traders who make contracts must be prepared to stop losses and be alert to potential pinning.
For the Bitcoin market, spot traders hold the currency to rise, and there is still a lot of room for upside; contract traders should be alert to the market for pin callbacks, stop losses, and avoid high levels to chase the rise.
In the past two days, the platform currency has started to advance by leaps and bounds. Among them, BNB has even reached the top of 190 US dollars, mainly due to the development of BSC. Among them, Cake has become a hundred times currency and has become the biggest dark horse.
Judging from the current lock-up volume of BSC, Pancakeswap's trading volume has been the same as Sushi, reaching the average of Uniswap, and compared to the market value, it is only half of the other party's, so the recent cake speculation is very hot.
The picture above is the lock-up amount of Binance's smart chain, and the following is the lock-up amount of the Ethereum project. You can compare it and look for potential good projects.
The excessive gas fee on Ethereum has caused a large number of projects to enter the Binance Chain, which caused a collective surge of Binance Chain projects. For our investors, on the one hand, we must pay attention to hot spots, and more importantly, find good projects for investment.
The bull market is like this. The market will never lack hot spots. After the Polkadot system broke out, the Binance system began to surge. In addition, Huobi Chain, OKChain, etc. have begun to exert their strength, and the DEFI battle of the public chain has started again, let's see who can have the last laugh.
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