The next day, there was another dramatic change in the financial market. After Bitcoin hit a record high during the weekend, it once fell by about 9%. The U.S. stock Dow rose in a "V-shaped" trend and hit a record high at the close. Last weekend, based on the hope of economic stimulus and the demand of institutional investors, digital assets rose together, and the price of Bitcoin broke through 61,000 US dollars, setting a new record high. But in this week's trading, bitcoin gave up most of its gains.

Risks come from rising, and opportunities come from falling. Don't be too short-term because of the short-term decline. Why do you think that the short-term trend of Bitcoin price is optimistic? The main reason is that the number of stable tokens flowing into the trading platform has increased. While high funding rates for bitcoin futures and an overcrowded market have caused bitcoin prices to pull back, the influx of off-market capital into the crypto market could further fuel bitcoin’s momentum. When Bitcoin receives widespread attention and hits a new price high, the market's interest will be further stimulated. In the current fiery crypto market, the liquidity of Bitcoin is still very abundant. For whales and high-net-worth investors, this is an ideal period for taking profits.

Although the past week was also a period of rising Bitcoin prices, it lacked the element of stable token inflow. When the price of Bitcoin rebounds and the inflow of stable tokens does not increase significantly, it is difficult for the price of Bitcoin to show a long-term upward trend, and the possibility of a short-term price correction will increase. If the trend of over-the-counter capital reflowing to the encrypted asset market continues, it is likely to further push the price of Bitcoin up, leading to a broader price rebound.

Bitcoin (BTC): There must be a pullback after a big rise (bulls take profits), and there must be a rebound after a big drop (short covering). The decline in a bull market is also a normal trend, although it has been said for two consecutive trading days It plummeted, but Mr. Tan still thinks that this is normal, mainly because the outflow of funds from the dealer for two consecutive trading days was too large, and a wave of leeks was successfully harvested. I will definitely intervene in the market to raise the currency price again, repeat the cycle, and repeatedly cut leeks. This is the purpose of the dealer. From 2020 to 2021 today, when Bitcoin breaks through the 30,000, 40,000, 50,000 or even 60,000 USD mark, the currency price will always habitually continue to rise for a period of time, and then there will be a wave of deep corrections. Many retail investors habitually stay short at these four major resistance levels, and the result is that their losses are stopped. In such a situation, Mr. Tan has experienced several battles, because these major barriers are the psychological resistance levels of retail investors, and the dealer is also clear Recognize this.

Short-term upper resistance level: 56300/57000 Short-term lower support level: 55000/54500

Short-term upper resistance level: 56300/57000 Short-term lower support level: 55000/54500

Ethereum (ETH): In the next day, it was said that there are signs of a short-term correction. Today it also perfectly fell below the support of 1720 US dollars. This wave of deep corrections reached 1712 US dollars. After a strong rebound, it stabilized at 1800 US dollars again. Above, the more ferocious the decline, the stronger the momentum of the counter-pump. The daily line has said that the overall trend is still dominated by bulls, and we will treat it as bulls if it does not fall below the BOLL middle rail above $1,660. A strong rebound in the short-term European market has temporarily stopped the short-selling. The momentum of the short-term rebound will continue to extend. The upper part will focus on the resistance around $1830, and the lower part will focus on the support around $1770. In terms of trading, I will talk about the teacher's advice The idea is to keep low and long, and you can also go short when you reach the resistance level. At present, after the market has risen and fallen sharply, the overall trend is basically in the midst of a substantial long-term adjustment. During the transaction, you should not blindly kill short positions. Friends who hold short orders in their hands should seize the last opportunity to unwind in real time.

Short-term upper resistance level: 1830/1850 Short-term lower support level: 1770/1750

Mainstream currencies are empty at low positions and more at high positions