March 21st Midday Viewpoint #BTC走势分析
1. Bitcoin, expected range 85500-83000, expected trend rebound downwards;
2. Altcoin, expected range 2010-1930, expected trend rebound downwards;
3. Tonight at 23:00, Trump and the U.S. Secretary of Defense will speak (expected to discuss defense, not affecting the crypto market)
【Market Analysis】
Last night after Trump's speech, there was no sharp decline, with bulls and bears in a stalemate, a phase where bulls dare not push up and bears dare not sell off.
Today there are no impactful news, and tomorrow will be another weekend without any news, so it is estimated that today will react in advance, expecting a narrow sideways fluctuation with back-and-forth movements.
【Mid-term Outlook】
1. This wave of bull market in the crypto space was driven by Trump's cryptocurrency reserve plan, but with Trump’s executive order signing, there is no more room for imagination, thus the bull market is already half dead.
2. Before Trump's executive order, discussions about the reserve plan saw Bitcoin surge to 95000, and after signing the executive order, the crypto summit peaked around 91000, last night’s digital asset summit recording had no waves and peaked at 86500, indicating a gradual decline in peak impacts;
3. The remaining positive news is unlikely to be impactful. If there’s a day where it approaches 90,000, it would create a short-selling opportunity. Before that, it will be narrow fluctuations.
4. The price is not high enough, so there is no profit space for shorting; similarly, unless there is a significant drop in U.S. stocks bringing Bitcoin and Altcoin down, otherwise there is no space for going long.
Now it is necessary to anticipate a kind of 5000-point fluctuation sideways that might enter the first half of February, while also guarding against a decline. The sideways movement is because there are neither positive nor negative news in the crypto space. Guarding against a decline is to prevent the U.S. stock rebound from ending and continuing to slash valuations, dragging the crypto space down;
Above 88000 is a shorting opportunity, near 75000 is a long opportunity.
5. Altcoin/Altcoin Spot, if seeing a rebound of 30%-50% from the decline in December, it is recommended to clear positions as there are no new highs.
Strategy -
Long low and short high at the edges of the drawn range.
1. Bitcoin, expected range 85500-83000, expected trend rebound downwards;
2. Altcoin, expected range 2010-1930, expected trend rebound downwards;
3. Tonight at 23:00, Trump and the U.S. Secretary of Defense will speak (expected to discuss defense, not affecting the crypto market)
【Market Analysis】
Last night after Trump's speech, there was no sharp decline, with bulls and bears in a stalemate, a phase where bulls dare not push up and bears dare not sell off.
Today there are no impactful news, and tomorrow will be another weekend without any news, so it is estimated that today will react in advance, expecting a narrow sideways fluctuation with back-and-forth movements.
【Mid-term Outlook】
1. This wave of bull market in the crypto space was driven by Trump's cryptocurrency reserve plan, but with Trump’s executive order signing, there is no more room for imagination, thus the bull market is already half dead.
2. Before Trump's executive order, discussions about the reserve plan saw Bitcoin surge to 95000, and after signing the executive order, the crypto summit peaked around 91000, last night’s digital asset summit recording had no waves and peaked at 86500, indicating a gradual decline in peak impacts;
3. The remaining positive news is unlikely to be impactful. If there’s a day where it approaches 90,000, it would create a short-selling opportunity. Before that, it will be narrow fluctuations.
4. The price is not high enough, so there is no profit space for shorting; similarly, unless there is a significant drop in U.S. stocks bringing Bitcoin and Altcoin down, otherwise there is no space for going long.
Now it is necessary to anticipate a kind of 5000-point fluctuation sideways that might enter the first half of February, while also guarding against a decline. The sideways movement is because there are neither positive nor negative news in the crypto space. Guarding against a decline is to prevent the U.S. stock rebound from ending and continuing to slash valuations, dragging the crypto space down;
Above 88000 is a shorting opportunity, near 75000 is a long opportunity.
5. Altcoin/Altcoin Spot, if seeing a rebound of 30%-50% from the decline in December, it is recommended to clear positions as there are no new highs.
Strategy -
Long low and short high at the edges of the drawn range.
