Matrixport: Global money supply indicators have regained market focus and may affect price trends in the short term
4 hours ago
Odaily News Matrixport released today's chart, saying that recently, the global money supply indicator has regained the focus of market attention. The indicator caught the signal of a small correction of Bitcoin in advance last week, so it attracted the attention of a large number of traders. Although from a historical perspective, indicators based on market liquidity are more accurate in predicting Bitcoin prices, but because this indicator is widely concerned by the market, its signals are often easily amplified by emotions, thus having a real impact on price trends in the short term. Therefore, the coming week will be a key node to verify the effectiveness of the signal. As long as this market belief persists, it may be transformed into real buying momentum, further affecting the direction of market transactions. Although in the long run, the correlation between this indicator and the price of Bitcoin is not stable, but like most trading tools, as long as it is still profitable, it has a certain reference value.
最热快讯
资讯热榜
日榜
周榜
BTC breaks through 107,000 USDT, up 1.68% in 24 hours
Nasdaq and NYSE discuss capital market regulatory reform with the US SEC
Market Analysis: S&P 500 needs big earnings growth or Fed rate cut to justify highs
Binance will launch OLUSDT U-margin perpetual contract
Trump: If Iran restarts its nuclear program, the US will strike again
Binance Wallet launches XNY pre-sale event, participants need at least 218 Alpha Points