The market is picking up, and there is much to look forward to in the new year

币圈老狗 · 2023-01-16T13:15:18.000Z

Lao Gou shares his views on the market with a responsible, objective and rational attitude, and has his own unique market insights. The data and information in the article come from public news and information. However, no guarantee is made regarding the accuracy and completeness of the information. The content is for reference only and does not constitute any investment advice. I haven’t posted an article for a while. The currency price has risen a lot in the past few days. Many friends told me that I was short. Now I am hesitant to enter the market. Today I will share the recent news and my current views on the market. The market suddenly exploded in the past few days, catching short sellers off guard. The day before yesterday, the liquidation amount of the entire network's contracts reached US$644 million, the liquidation amount of the Bitcoin contract reached US$219 million, and the liquidation amount of the Ethereum contract was US$245 million. It can be seen from the data that this round of liquidation is basically the positions of mainstream currencies. After the market went crazy, a piece of news also let everyone know the reason for this round of rise. It turned out that someone bought approximately US$4 billion worth of Bitcoin futures in market orders, and at that time, US$87 million in short positions were closed.

Lao Gou shares his views on the market in a responsible, objective and rational manner and has his own unique insights into the market.
The data and information in this article are derived from public news and information. However, no guarantee is made for the accuracy and completeness of the information. The content is for reference only and does not constitute any investment advice.
 
I haven’t posted an article for a while. The price of coins has risen a lot in the past few days. Many friends told me that they missed the opportunity and are now hesitating whether to enter the market. Today I will share some recent news and my views on the current market.
The market suddenly surged in the past few days, catching the shorts off guard. The day before yesterday, the total contract liquidation amount reached 644 million US dollars, the Bitcoin contract liquidation amount reached 219 million US dollars, and the Ethereum contract liquidation amount was 245 million US dollars. From the data, it can be seen that this round of liquidation basically liquidated the positions of mainstream coins. After the market went crazy, a piece of news also let everyone know the reason for this round of surge. It turned out that someone bought about 4 billion US dollars worth of Bitcoin futures in the market order, and at that time, 87 million US dollars of short positions were closed.
After experiencing the craziness of the market, many friends asked whether to enter the market. First of all, the price of the currency has reached a short-term high, and the current purchase cost is much higher than before. Let me share my personal opinion on the current high price.
First, in March, Ethereum was upgraded, and about 300,000 Ethereum were unlocked, costing between 2,000 and 3,000. The Hong Kong Stock Exchange launched trading in June. If you were in this situation, would you sell the pledged Ethereum at a loss after it was unlocked?
At present, the price of Ethereum has broken through the pressure level of 1500. If it goes up, it will go to 1800. If it reaches 1800, it will be above 2000. The market rises step by step.
Some friends are worried that the price will return to the previous position or even lower. Lao Gou thinks this is unnecessary. First of all, this round of rise is caused by the entry of institutions. If the price falls, the first to lose is the institutions that entered this round. They must save themselves before the plunge. Moreover, this year and next year, there will be many currencies that will be reduced and upgraded, which is also a good thing for the market, so the possibility of a price break is very small. In addition, when I buy, I buy in batches. If you have a 20% position now, buy another 20% position when it falls by 10%-15%, and then make up for it when it falls again. If the price rises in the future, the price after the rise will definitely be higher than the price you bought. Some people may ask, if it falls, I will wait for it to fall and buy the bottom, but on the other hand, if the price does not fall now, it will continue to rise in this step-by-step manner. Will you miss another round of rebound?
The recent market trend is relatively healthy, including the NFT market, which has gradually become active. This morning, BAY#3064was traded at 135.42 ETH. The recent large transfers of ETH and BTC to exchanges are not a market crash, and most of them are long positions in the currency standard. At the same time, it also increases the liquidity of the market. However, the market will definitely calm down for a while after the frenzy. I personally suggest that although the market has recovered during this period, we should also look at the market rationally.
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Coin News Sharing
BTC: Today, the highest price of BTC reached around $21,439. Last week, Bitcoin also achieved the largest weekly increase in the past year, with an increase of about 21.8%. The short-term price has also reached the high point of the previous round of selling pressure. If the volume continues to break through here, the next wave of prices can be seen around $24,400. If the profit chips at this position need to be consumed, the price is likely to fluctuate and fall and then continue to rise after finding support. The short-term support is at 19,060.
ETH: As the upgrade approaches, ETH also created the largest weekly increase of about 20.34% in the past year last week. The current highest price of ETH is around $1,600. The short-term price is also near the previous round of pressure. The trend is linked to Bitcoin. Support 1383.
APE: As a currency with NFT concept, the trend of APE is closely related to ETH. In the past two days, the highest price has reached 5.54. If you buy it at 4 dollars, you will have made a profit of 27.7%. Earlier, Lao Gou also called on everyone in the VIP group to ambush APE. At that time, the market was in a panic and no one cared. Lao Gou saw the favorable side of Mouan's APE, and he also knew more about this currency. And now it is at the end of the bear market, and it is also very important to make money, so you can pay attention to it after the market stabilizes.
PEOPLE: A currency that relies on Ma's orders, the highest price today is 0.028. When it fell before, Lao Gou also bought it at 0.0216, and the highest profit was about 22.8%. If we look at it from a long-term perspective, this currency will definitely explode next year, after all, the US election will be held next year. When the price rises, it will rise with the heat.
OKB and BNB have also risen a lot in this period, and the trend of OKB is more prominent. The trend continues to be linked to Bitcoin.
There are still many currencies that have skyrocketed in the market, such as FTT MANA LUNA GALA, etc. Some currencies have increased by tens of percent, and some have increased several times. However, when participating in these currencies, you must pay attention to the risks. After all, these currencies have basically fallen by more than 95%, and some have fallen by more than 99%. If there is a retracement, it may also fall by several tens of percent.
That's all for today. Thank you for your support~
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