Block one will launch Bullish, a trading platform. Well-known Silicon Valley angel investor Peter and Li Ka-shing’s youngest son Li Zekai participated in the investment. As soon as the news came out, EOS rose 64% in a single day, and the former fool became today’s star.
Another piece of good news is that Coinbase surpassed TikTok to become the number one in the Apple App Store, which shows that new users realize that there is no joy in making money by using Douyin, and are accelerating the influx of traditional finance into blockchain finance. will become the norm in the future.
Today's point of view
Long-term rating: Overweight
Short Cycle Rating:
Bitcoin accumulation
Lighten up in small-cap cryptocurrencies
Today's point of view
The characteristics of a bull market are simple. During the development of the market, the prices of assets continue to hit higher tops and lower bottoms.
We review the current round of Bitcoin bull market, and mark the low points of all Bitcoin callbacks in the bull market with blue rays-we see that Bitcoin has continuously set higher lows in this round of bull market, which is the continuation of the bull market important signal.
We summarize the lows of the Bitcoin bull run up.
It is not difficult to find that when Bitcoin broke through the resistance of the downward trend line of the bear market, the market began to accelerate. Starting from $9,850, Bitcoin's low point rose more and more, reaching a maximum of 77.34%. But then gains started to fade, with the recent low of $47,004 just 9% above the low of $43,021.
With Bitcoin's sideways adjustment, the gains between lows have been suppressed to the extreme, and the red ascending channel support has been touched at $47,004. We judge that Bitcoin will not break this support level, because once it breaks, it means that Bitcoin will hit a lower low, which is a dangerous signal for the end of the bull market.
We believe that the adjustment of Bitcoin is coming to an end, and it will break through upwards by the end of this month at the latest. At the 40,000 to 60,000 mark, a sufficient and sustained change of hands will raise the floating cost of all Bitcoins to around this point. Once it breaks through, Bitcoin will regain the attention of investors.
We will continue to patiently plan for the breakthrough of Bitcoin, and adjust positions and take profits for all small-cap cryptocurrencies.
