Bitcoin is about to test the top of the bull flag again. Can the rise of A-shares drive the rise of the cryptocurrency market?

The central bank cut interest rates. A-shares have risen fiercely in the past few days, and a huge amount of funds have flowed in. This is a long-term positive for the stock market. From the market point of view, A-shares are still at the bottom and have great potential, but US stocks are at a high level. From this point of view, we have won this financial war.

Since the interest rate cut, the cryptocurrency market has also been gradually rising. Some people ask, will the rise of A-shares drive the rise of the cryptocurrency market? A-shares belong to the traditional market. It has nothing to do with the cryptocurrency market, including the US stock market and the cryptocurrency market. They belong to two different trading markets. People who trade in the stock market think that the volatility of the cryptocurrency market is too large and the risk is too high, so they dare not enter the cryptocurrency market.

People who trade in the cryptocurrency market think that the volatility of stocks is too small. Once they have been in the cryptocurrency market for a period of time, they basically will not go back to the stock market. Whether in the stock market or in the cryptocurrency market, the essence of trading has not changed, and there is no right or wrong, because everyone's cognition is different, and the things they can accept are also different.

For me, I have a deeper understanding of the cryptocurrency market. The bull-bear cycle of stocks is too long, and the increase in a bull market will not be too large, but the cryptocurrency market is different. The bull-bear cycle of the cryptocurrency market is shorter than that of the stock market, and the increase is much larger, so I chose the cryptocurrency market.

Back to the market, the price of Bitcoin is about to reach the top of the bull flag again at the daily level, and it is about to usher in its sixth test. At present, there are only more than 2,500 points away from the end of the bull flag. Personally, I suggest not to participate in the long position for the time being. Since the first half has been full of food, the fish tail market has more thorns and less meat. Be careful not to get stuck in the throat. If the gains do not outweigh the losses, you may have to spit out what you have eaten before. If you want to participate in short-term or ultra-short-term, you can consider entering the market to make a short long when the reversal signal appears at the backtest of 65,000. Bitcoin spot holders need to pay attention to that if the market comes to the top of the bull flag next, and a pin or reversal signal appears, then you should sell it when you should sell it, and you should get out when you should get out. #加密市场反弹 #币安上线CATI #HMSTR开盘