Market Analysis: Bitcoin breaking through $60,000 may not be the end

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BTC Market Analysis

I had something to do over the weekend, so I stopped writing for two days. When I wrote again, BTC had already reached the 60,000 mark. With a wave of my hand, the sleepy brother received nearly 2 trillion orders. As expected, for politicians, all means are just services. As long as you hold power, there will be no endless troubles. Anyway, the capital pools around the world work for us. If we release it, the US dollars will be rolled back, and there will be many "fishermen" who pay the bills.

I think it is probably because of this that we need to find a "big friend" to pay the bill, and that is why there is a negotiation table for integrated circuits on the east and west coasts of the Pacific. "Don't take interests too seriously, they are all just a joke." In front of policies, the economy is just a means, and this is the high-dimensional cognition of the power seekers.

So BTC rose up all the way and went straight to 60,000. Institutions, large enterprises, and wealthy people are crowding together to raise the price of this terrible product of the new century. They once hoped to realize the dream of decentralized rights and interests through technology. Has depositing money become a "toy" or a configuration of the rich? We have no way of knowing, but what is clear is that it is still not the salvation of ordinary people.

Perhaps from the law of biological development, there is no way to redeem oneself, the survival of the fittest, and the "low-dimensional thinking creatures" with broken thinking are the kind that give up self-salvation. BTC itself originated from a high dimension and does not have the attribute of redeeming low dimensions.

Back to the technical trend analysis of BTC, BTC at 60,000 still has no large volume, and is fluctuating upward with shrinking volume. We have said before that getting off at any position may be a mistake, because the consensus is too strong and the liquidity is too low, so that a small amount of chip grabbing can push up the market.

The high price of BTC has become the salvation of high-tech companies in traditional chips and IT hardware. High prices can bring sales markets for high-end mining machines and high-end graphics cards, and these markets can maintain the high profit margins of companies and help them survive the economic recession.

Therefore, we should remain vigilant as to whether BTC has been completely controlled by large interest groups. At the same time, we should pay attention to the possible risks of BTC after economic recovery. The greater the interest, the easier it is to become a tool for power struggles. We will have the opportunity to analyze deeper operations later, but we still need to hold positions now.

ETH Market Analysis

Both the daily and 4H cycles are in a shrinking upward trend, the fundamentals continue to develop, the consensus has not been broken, and the configuration attributes continue to be held.

LTC/BCH/XRP/EOS/ADA market analysis

Comrade Four Little Dragons, after the leading stocks have improved, they are still in the stage of bottom-up shock, with very weak alpha properties and high market correlation, but the market consensus is getting lower and lower, and the configuration properties are gradually weakening. Therefore, it can only be used as a rotation indicator for reference in the future, and other indicators require fundamental changes in the market.

ADA was severely overdrawn in the early stage and is currently fluctuating downward. There is little room for speculation, so it is mainly a wait-and-see approach.

DOT/KSM market analysis

KSM is currently experiencing a 4H cycle of volatility with signs of volume expansion, and it is clear that someone is taking advantage of the positive news to make adjustments. DOT is still consolidating on a relatively flat platform, and it is clear that they are all waiting for good news to come out and show a big wave. At this stage, the arbitrage space for adding positions will not be too large, and the profit and loss ratio is 1:1 or even less than 1, so adding positions is a level that requires careful consideration and short-term operations. It depends on the individual.

DeFi sector

The crypto market after the 60,000 mark will inevitably further drive the DeFi and NFT markets. Recently, the NFT market has frequently hyped up high-priced artworks, showing unprecedented market enthusiasm. It can be seen how much market liquidity the digital world has brought to the traditional art market with poor liquidity. At this stage, we should start to layout the DeFi and NFT markets and make some secondary rotation.

Market analysis completed on 2021.03.15 09:30

Investment is risky, so be cautious when entering the market