This round will be a super agency + government bull!
Because in addition to Trump this morning, another leader Putin announced his embrace of Bitcoin. On Wednesday, Trump said that the United States and its allies had frozen about $300 billion worth of Russian foreign exchange reserves, and the G7 was discussing how to use these funds to support Ukraine. Putin was very annoyed and said that the confiscation of its reserves was not conducive to the reputation of the US dollar and the status of the US dollar as the primary reserve asset of the central bank, and said that countries have turned to cryptocurrencies as an alternative. Putin made it clear that no one can ban Bitcoin
The second superpower, Russia, has also begun to support Bitcoin. You should know that the United States and the Soviet Union had a military competition before. If both start to seize the position of Bitcoin as a super foreign exchange reserve, then this round of bull market will become super interesting. Imagine the two superpowers frantically buying Bitcoin. What height will Bitcoin be pushed to
The second event was the martial law in South Korea on Wednesday, which caused a flash crash of Bitcoin in UPBIT, the largest cryptocurrency exchange in South Korea, with the lowest price reaching more than 60,000. However, I saw that the lowest price on UPBIT exchange was 88,000, but a large exchange like Binance did not reach it, and the lowest price was only 93,000. I thought that 8.8 was actually a relatively good buy zone for callback, but South Korea callback the position to the right place, which actually gave South Korea a big leak
Liquidation heat map (Long-Short Ratio)
Then let's look at the current long-short ratio. In fact, we can see the liquidation heat map on Binance. At present, the long army is too strong, almost overwhelming, with only 10% of the air force at most. At present, the liquidation heat range of these long armies is actually at 9.4w, which means that a callback to 9.4 can clear at least 80% of the long army, and the middle value is to clear 50% of the long army, and the position range is at 9.6w
For short-term operations, from the 1H line, the retracement range is around 97000-100000. From the 4-hour line, this range is 95800-99000. The two overlapping ranges of 97000-99000 are a very good space for long positions
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