In the ever-changing digital currency market today, there has always been a saying that hot money has not poured into the cryptocurrency market. Although Bitcoin once soared, this rise was not due to the influx of hot money in the short term, but the complex interaction of market demand and supply. Bitcoin's run requires time, more cognition and market support. Let's explore this phenomenon in depth.

The volatility of the cryptocurrency market has always attracted much attention, and the influx of hot money has become one of the hot topics in the market. The so-called hot money refers to those funds that pursue short-term high returns, and their inflow will bring violent fluctuations to the market. However, the recent surge in Bitcoin is not dominated by hot money, but more based on the accumulation of long-term market factors. In this case, the trend of Bitcoin depends more on the confidence of long-term investors and the market's expectations for its future.

As one of the most representative cryptocurrencies, Bitcoin's price fluctuations have attracted much attention. In the past period of time, the price of Bitcoin has been rising all the way, and even soared. The reasons behind this phenomenon are worth exploring. First of all, the scarcity of Bitcoin makes it a safe-haven asset, especially in the context of increasing global economic uncertainty, investors are more inclined to turn their funds to digital assets such as Bitcoin. Secondly, the decentralized nature of Bitcoin has attracted more and more investors who are optimistic about the future development of blockchain technology and choose to hold Bitcoin as a long-term investment.

In addition to fundamental factors, the surge in Bitcoin prices is also inextricably linked to market psychology. Factors such as investor sentiment fluctuations and changes in market expectations will affect Bitcoin prices. Especially today when information dissemination is increasingly developed, the market is in a state of panic and rumors are flying everywhere, which has further exacerbated the volatility of Bitcoin prices. Therefore, for Bitcoin investment, it is necessary not only to look at it rationally, but also to have a stable mentality and wait patiently for the market's returns.

In the digital currency market, the inflow of hot money often brings short-term sharp fluctuations in prices, but such fluctuations are often accompanied by risks. In contrast, long-term investors pay more attention to the intrinsic value and future potential of assets. They will choose investment targets more carefully and remain calm in market fluctuations. Therefore, for the crazy rush of Bitcoin, we need more patience and rationality, rather than blindly following the trend and taking shortcuts.

In general, the surge in Bitcoin is not simply the influx of hot money, but a comprehensive reflection of long-term market factors and investor confidence. The run of Bitcoin will take time, more people's recognition and market support. When investing in digital currencies, rational investment and long-term holding are the sure wins. Let us look forward to the future of the cryptocurrency market such as Bitcoin. We believe that with the continuous development of the market, these digital assets will bring more surprises and returns to investors.

The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
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.

Recently, the cryptocurrency market has been booming, and the Federal Reserve has also cut interest rates, but the overall market participation enthusiasm is not high, and there is no obvious sign of increased trading volume, indicating that funds have not yet entered the cryptocurrency market.

Considering the recent sharp drop in exchange rates, the US dollar index remains strong, indicating that money has not flowed to developing countries. Some of the money may have gone to gold, and most of the money may still be stranded in the United States. Of course, this is what the United States hopes for. LTC will reduce production tomorrow. I don’t know what impact it will have on the market. If the market interprets it as a positive realization, will it trigger panic selling?

BTC

BTC’s trading volume may reflect a phenomenon in the current currency circle. The trading volume is pitifully small, which means that everyone is watching and there is no large amount of funds involved in the transaction. Trading is light, and there is no large amount of funds involved in the transaction. The sustainability of the rise may be limited. The MACD golden cross diverges upward rapidly. It has not yet entered the bullish range above the zero axis. The currency price has entered the overbought area. There may be two trends next:

One is to directly enlarge the positive line to break through the pressure level near $11,000, forming a double bottom structure;

The other is still active in the lower range, mainly in triangular oscillation or box oscillation, without directional choice. It is expected that it may return to the support near the middle track of $10,200 in the near future. If it does not break and the volume can keep up, then there is a high probability that it will attack $11,000 in the future.

I personally think that the pressure of $11,000 is difficult to break through. Pay attention to the support of $10,200. If it falls below, it will return to the support of $9,000 again. Pay attention to the risks. Pay close attention to whether LTC will be panic-sold. If it happens, it will also have a negative impact on BTC.

ETH

ETH's trading volume is getting smaller and smaller, and it will soon usher in a direction choice after the ground volume. It is still hovering below the pressure line of $225. The MACD indicator has a golden cross in the weak area, and has not yet reached the strong area above the zero axis. Pay attention to whether it can break through the important pressure level of $225 in the future.

If not, I personally think that the target will still fluctuate and consolidate in the range of $190-225. It can be bought at a low price near $190. If it breaks through $225 with a large volume, it will rise to $260. If it falls below the 5-day line again, it will reduce its position. If it falls below $190, it will leave the market and wait and see.

BCH

BCH is still in the rebound structure we expected before, breaking through the high point of the previous rebound, but the volume is not ideal and it was smashed back. There was no trading volume in the entire rebound. At present, the target has been running upward along the 5-day line. We should be vigilant and be alert to the possible killing and violent pull-ups at any time. If there is a rapid killing, we should pay attention to leaving the market, and the rebound may be over.

If there is a violent pull-up, I personally think it is also a good time to reduce positions, because the main force will not borrow chips at the top, and buy at the bottom. It is not a good phenomenon to suddenly increase the volume at the top, unless it is an important pressure point, otherwise the increase in volume is a reduction in positions.

BNB

BNB's rebound is blocked by the 20-day line, and it has now fallen below the 5-day line. We do not deny the long-term value of the target, but we are not optimistic about the trend in the next period of time. At most, it will rebound to the 60-day line again, and will continue to run downward. The moving average system remains in a short position.

The macd indicator repeatedly crosses the golden cross again in the weak area and then sticks together, without divergent direction. The indicator has a strong directional significance only when it is above the zero axis. If the target directly stands back to the 60-day line and makes the 60-day line turn upward, it can continue to be bullish.

I personally think that the low point of $24 cannot be effectively supported and will continue to fall. The next support level is around $21. Pay attention to the risk.

The author's views are only for learning and communication, not as investment recommendations, and do not constitute an investment basis!