On April 27, Tesla, which has been deeply troubled by rights protection in the Chinese market, announced its first-quarter financial report. Tesla’s first-quarter revenue was US$10.39 billion, a year-on-year increase of 74%. Net income under GAAP was US$438 million, the highest quarterly profit record in history and the seventh consecutive quarter of profitability.
In the quarter, the company’s free cash flow was US$293 million, compared with market expectations of negative US$82.8 million; capital expenditure was US$1.35 billion, compared with market expectations of US$1.09 billion. During the quarter, the net cash outflow related to bitcoin was US$1.2 billion, and US$101 million was obtained by selling US$270 million in bitcoin.
Bitcoin accumulation
Long-term rating: Overweight
Short Cycle Rating:
Bitcoin accumulation
Small market capitalization cryptocurrencies wait for an opportunity to adjust positions
The openness and transparency of the blockchain is reflected in the data on the chain. Let’s look at the positive data of an address on the chain. The data shows that 78.3% of bitcoins are stored in wallet addresses that have been lost or have never been transferred out, and From the figure, we can see that the number of coins held by the coinbase exchange has dropped significantly, which shows that most people or institutions withdraw to their wallets after buying bitcoins on the exchange, and can hold them in the wallet for a long time. People and institutions are showing that they are bullish on the future value of Bitcoin in the long run.
In terms of the market, Bitcoin showed obvious signs of bottoming out at the 4h level. In the process of Bitcoin’s decline, we have reminded investors after analyzing multiple angles and indicators in the past briefings that this is a rare occurrence in history. The buying point, and reminded many times that there may be a weekly level correction in the mid-term, but in the short term, everyone should buy at a low level instead of selling at a low level. We have also given suggestions for increasing holdings in our ratings for many consecutive days . The day before yesterday, Bitcoin bottomed out at $47,000 as scheduled, with a single-day increase of more than 14%. So far, the highest rebound has reached $54,300.
On the daily line level, the correction of Bitcoin’s daily line level is over, and Bitcoin has a 4h one-buy with a range divergence at $47,000, which means that Bitcoin has no energy to continue to fall from a large level to a small level. If there is nothing to fall, it will naturally rise. At present, Bitcoin is in the process of a strong rebound in 4h.
If Bitcoin performs well in the next 4h callback, that is, if it does not fall back below $50,000, it will form a 4h second buy point on the right side, which is a good opportunity to increase the position on the right side. If the 4h second buy This means that Bitcoin is expected to drive the digital currency market to fully recover in the short term, and try to cover the gap of $58,000-60,000 in Bitcoin CME futures. We will continue to pay attention to the trend of Bitcoin in the next few days. Weak, bringing first-hand analysis and strategies to investors who follow us.
Investors are currently wondering whether Bitcoin will rebound or reverse after bottoming out. Regarding this issue, we will maintain the analysis of the two scripts in issue 128 unchanged, hold cautiously during the rebound, and expect a reversal. If Bitcoin continues to strengthen Then continue to hold, then play music and dance, if Bitcoin weakens, wait for an opportunity to reduce positions, and wait for the trend to be confirmed before making up, that is, we do not predict market trends at the moment, but follow the market and respond in time, no matter what happens in the market We all have strategies to deal with risks and magnify returns, so as to maintain and increase value in the market.
