In the face of the trend, some people may choose to resist, but time will allow them to accept the fact. Recently, there are two pieces of news that can reflect that the government's attitude towards digital currency is changing greatly.
One is that South Korea implemented the real-name system for digital currency transactions on the 25th of this month, and the other is that the Central Bank of Nigeria withdrew the ban on bitcoin transactions. The digital currency market has become a daily life of people.
And by that time, the early dividends of Bitcoin will no longer exist. I hope investors can take advantage of the bull market in 2021, and be early eaters when others can't see it.
In today's video content, we will analyze the trend of the digital currency market from multiple angles, tell investors what happened to Bitcoin near $60,000, and how it may go next, and give a complete investment strategy based on the analysis. Let investors be able to deal with complex market conditions.
In terms of fundamentals, last week we observed the global economic trend through changes in US bond yields. Our analysis believes that if the central bank decides to protect the economy first, it must intervene in the yield curve and release more liquidity, which will benefit the overall capital market; and if the central bank decides not to protect the economy, that is, the central bank decides to stabilize inflation, it may trigger economic growth. Depression, tightening monetary policy at a time when the economy is fragile.
It may plunge the economy into a quagmire that is difficult to recover, so we believe that the U.S. central bank will not let the U.S. bond yield curve sit idly by. Once the U.S. bond reaches a critical point, it will intervene in the yield curve. Based on this expectation, institutional investors will make their choices, so U.S. bond yields were suppressed by resistance and returned to the trend line after briefly breaking through the trend line last week.
In terms of market conditions, we have said that MACD can help investors discover investment opportunities in the currency market, and secondly, it protects investment income in the currency market from loss. How to use it?
The first is to judge the position of the fast line and the slow line. When the double line is above the zero axis, it indicates that the overall trend is bullish, and the buying power in the market is greater than the selling power; when the double line is below the zero axis, it indicates that the overall It is a bearish trend, and the selling power in the market is greater than the buying power.
On this basis, we can horizontally compare the double line and the highest point of the MACD column after Bitcoin hits a new high every time. When the double line and the high point of the column follow the Bitcoin price to hit new highs again and again, we can judge The bull power of Bitcoin is stronger every time, so you can continue to hold it. Conversely, if the price of Bitcoin hits a new high, but the indicator does not hit a new high, then investors need to be alert to the risk of a callback.
In Bitcoin's latest new high of 61800, Bitcoin has hit a new high. We can clearly see that the high point of the double line and the high point of the column are not as good as the previous one, so Bitcoin recently hit 62,000 US dollars, that is, RMB The integer mark of 400,000 is more than enough, and it is resisted by more profit-taking sell-offs.
If Bitcoin maintains its price in the price range between 55700 and 61800, and digests the selling profits through time and shocks, fully completes the change of hands, and confirms a new high, investors can expect more room for growth. Enjoy a new wave of sharp rise; if Bitcoin cannot maintain its price and falls below the important channel below 55,700 US dollars, the upward expectation will fail, and Bitcoin will usher in a wave of callback adjustments.
The proportion of Bitcoin’s market value is supported at 61% of the support line. There is a long-term game between the long and short sides. According to historical laws, when the proportion of Bitcoin’s market value fluctuates in a range for a long time, it usually reverses. When Bitcoin An increase in the proportion of currency market value means that Bitcoin will outperform the market.
To sum up, we maintain the judgment of increasing Bitcoin holdings and reducing holdings with small market value. In 80% of the shock time in the market, only 20% of profits can be created. In short-term shocks, investors may need a mature trading system Only by taking a higher risk can you get a certain profit in the probability game.
However, 20% of the main rising time can create 80% of the profits for investors. We hope that investors can extend the long-term cycle to look at the bull market of Bitcoin, walk with the trend, and be friends with time. This is a higher winning rate. The bigger strategy just requires investors to abandon impetuousness and remain patient.
