Today's overall market score: 80 points
The market continues to be strong today. Bitcoin is now at 30,000 yuan. It is expected to stabilize soon. Once it stabilizes, it will be the sea of stars. Let's work hard together. Even if this wave does not stabilize, there is a high probability that it will continue to rise in the future, consolidating the bottom area. The main bulls will continue to look for opportunities to attack. I started to remind you of this wave a few days ago. Friends who followed it also had a small wave. This is just an appetizer in the early stage of the bull market. The big meal is still to come.
Here are some important recent news to share with you:
1. According to the on-chain data, the comprehensive increase in the issuance of USDT and USDC, and the increase in the issuance of stablecoins means that new funds have begun to flow in. Although not much, it also shows that some funds recognize this position and are optimistic about the future bull market opportunities!
2. According to the whale addresses on the chain, a large amount of Bitcoin, more than 80%, has slowly flowed into the hands of long-term holders, which means that there are fewer and fewer Bitcoins circulating in the market, and there are fewer and fewer chips in the market. What does this mean? It means that if a bull market really comes, the rise will be very violent!
3. A voting member of the Federal Reserve has spoken out, and believes that there will be no interest rate cut before the middle of next year, and the end of 2024 may be the time point for a rate cut. Judging from the forecast of this voting member, the market is expected to react in advance. In other words, combined with the halving time period of Bitcoin, which is around April next year, it means that the Bitcoin bull market will start in at most half a year. The market will definitely react in advance, and it won’t really be at that point in time for you to get on the bus. So get ready, and let’s celebrate the violent bull market together!
Finally, regarding the application status of Bitcoin ETFs, the founder of a large institution predicted that the US SEC will most likely approve Bitcoin ETFs this year, which means that the main force and big money are coming in. Get ready for a violent bull market.
1. Dark Horse Quantitative Following
Bitcoin keeps fluctuating upward. Although it has not completely reached the 3,000 level, the 3w level is already a layer of window paper that can be broken with a poke. Soon we will see Bitcoin above 3w. What we need to do now is to seize the opportunity of the pullback and get on board. If you have a low position, then hold on to it and wait for takeoff!
For more detailed band layout and trading plan, friends are welcome to communicate!
