TRUMP(特朗普币)芝麻开门交易所

Bitcoin has strongly broken through the heavy pressure zone ope

Date:2024-07-16 18:14:48 Channel:Crypto Read:

In the field of digital currency, Bitcoin has always been the focus of attention. Recently, Bitcoin has set off a craze again, breaking through the heavy pressure zone, opening up short- and medium-term rising space, and attracting widespread attention from the market. This good news will undoubtedly bring new opportunities and challenges to investors. Let us take a deep look at this round of Bitcoin surge and see the secrets and opportunities.

Bitcoin has always been regarded as the "gold" of digital currency, and its price fluctuations have aroused heated discussions among investors around the world. Recently, Bitcoin has broken through an important technical pressure level and opened up rising space. This breakthrough not only shows the strength of Bitcoin, but also brings new investment opportunities to investors. In this era of information explosion, investors need to remain vigilant, capture market trends in a timely manner, and seize investment opportunities.

The surge in Bitcoin is inseparable from the recognition and support of the market. As more and more institutions and investors join the Bitcoin market, its liquidity and recognition continue to increase, providing strong support for its price. In addition, the global macroeconomic situation has also promoted the rise of Bitcoin to a certain extent. Investors should remain vigilant, not greedy or blindly follow, look at market fluctuations rationally, and seize investment opportunities.

The surge in Bitcoin is also affected by a series of external factors. Factors such as the loose monetary policies of global central banks, geopolitical tensions, and market sentiment fluctuations may all have an impact on the price of Bitcoin. Investors need to pay close attention to market trends, respond flexibly, do a good job of risk control, and avoid investment risks.

In the digital currency market, Bitcoin, as "digital gold", has always been sought after by investors. Its price fluctuates violently, and investment opportunities and risks coexist. Investors need to remain rational, invest prudently, not blindly follow the trend, and avoid investment traps. Only by keeping a clear head and being vigilant at all times can you be invincible in the market.

In summary, Bitcoin's strong breakthrough in the heavy pressure zone has opened up short- and medium-term upside space and brought new investment opportunities to investors. Investors need to remain vigilant, capture market trends in a timely manner, invest rationally, control risks, and seize investment opportunities. The digital currency market is full of opportunities and challenges. Only by continuous learning and continuous improvement of investment awareness can we be invincible in the market. I hope that investors will seize opportunities, meet challenges, and jointly create a new era of wealth!

The four most famous international exchanges:

Binance INTL
OKX INTL
Gate.io INTL
Huobi INTL
Binance International Line OKX International Line Gate.io International Line Huobi International Line
China Line APP DL China Line APP DL
China Line APP DL
China Line APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.


The continuous inflow of funds is the premise for the rise of Bitcoin prices. Bitcoin has broken through the pressure level. It stood firmly on the strong pressure zone of 10,000 US dollars during the day yesterday, and rushed to 11,000 US dollars in the early morning of today. Investors are in high spirits, and mainstream coins are competing for beauty. They have risen by more than 10 points in the past two days. On the other hand, the DEFI market, which was still hot yesterday, has long been withered. The total market value of DEFI concept coins has fallen from a high of 10 billion US dollars to only 7.1 billion US dollars, with an overall two-day decline of 30%. It is really a world of ice and fire.

Information source: CQ.Live

The script performed by the market in the past three days was that mainstream coins first sucked blood from copycat coins, and then Bitcoin sucked blood from mainstream coins. Small fish eat shrimps, and big fish eat small fish, forming a cruel blood-sucking chain. We habitually believe that BTC sucking blood is a fight between existing funds, and of course it is also a manifestation of the lack of incremental funds.

But is it really so?

Recall when did the BTC bloodsucking phenomenon begin? Before September 4, 2017, there were few cases of Bitcoin bloodsucking, because all domestic currency trading pairs were based on RMB, and the top exchanges did not have altcoins. But since September 4, 2017, all revived exchanges have been forced to cancel RMB trading pairs and start opening trading pairs based on BTC. Small currencies have gradually entered mainstream exchanges. After that, the term "currency standard" became popular, and later Ethereum and USDT trading pairs were opened one after another. It was after that that funds gradually flowed back from altcoins to Bitcoin for risk aversion, which is what we call the bloodsucking market.

When funds are seeking profits, they have a herd effect. After the bear market in the past two years and the escape of various project parties, the belief of the currency circle in small currencies has long been shattered. If there is no firm belief, investors will only speculate on small currencies in line with the market, go wherever they can make money, and change places after shooting. But in the end, all the funds will eventually return to Bitcoin, because BTC is the only belief support for investors.

The market's hot sector effect and capital rotation are common phenomena in the venture capital market. Even if the market is as large as the US stock market or the A-share market, there is a clear capital rotation effect. If we always fantasize about a bull market with small currencies, mainstream currencies and Bitcoin, even if it really happens, the madness of the whole people is basically at the end of the bull market.

Information source: CQ.Live

According to CQ.Live data, the capital inflow of various exchanges has continued to increase recently, and the increase is very strong. Of course, this has not yet counted the encrypted digital currency trusts issued by capital institutions such as Grayscale. The continuous inflow of funds is the premise for the rise in BTC prices.

Source: Tradingview

Back to the technical disk, BTC broke through $10,500 with a large volume, and then it was flat. It stood at $11,000 this morning. The price remained strong after encountering resistance. The rise was too fierce. It is expected that it will be able to push up again in the morning after everyone wakes up. It will pull back in the second half of the day, and then after the shock repair near 11,000, it will challenge the pressure level of 12,300 US dollars. The short-term is still bullish.

Source: Tradingview

Yesterday we mentioned that at the moment when derivatives such as contracts and options are prevalent, the bull market will not happen overnight. There is a greater possibility of slowly moving upward in shocks and fluctuations, so don’t be afraid. There will be no shortage of opportunities to enter the market next. BTC’s CME futures gapped after the day before yesterday. The probability of this magical gap filling is above 90%. Therefore, BTC will most likely fill the CME gap when it returns to $9,700 in the future. If there are not many positions below $10,000, you can reserve some funds to try your luck.

I'll answer.

2512

Ask

965K+

reading

0

Answer

3H+

Upvote

2H+

Downvote