Can it rise further? A brief analysis of the current market situation at the macro level
First, we need to briefly analyze the reasons for the recent collapse of the currency price. Let me share my opinion
The current market situation of the US stock market that we all see is that whatever you buy will rise. This raises a question. If you are an investor or an institution, do you go wherever the market is good? There is only so much investment capital in the market. It doesn’t matter where you make money? The bull market in the US stock market has drawn liquidity from the currency circle. I think this view is tenable. In addition, Germany has been selling and smashing the market, causing panic in the market, further increasing capital flight, and this situation will have a spiral effect. Users see the current market situation and turn around and directly enter the US stock market. You must know that there is no green in the US stock market now, and you can make money by buying anything
Assuming that the market picks up, what conditions are needed?
My personal opinion is that the U.S. stock market needs to be in a small sideways phase. After the rising cycle ends, funds may flow back to the cryptocurrency circle. In fact, most of the rises in our cryptocurrency circle are mainly based on institutional pull-ups, which then trigger value consensus. I believe everyone knows this part. Recently, when the cryptocurrency circle collapsed, many early wallets began to process the encrypted assets of the wallets. The impact on the authority effect can incite most retail investors to flee. To simply summarize my view on the recovery, the U.S. stock market will no longer suck the blood of the world, and there will be some small sideways movements, and there cannot be too much decline. Can you still buy the bottom now? I think it is possible to buy at the bottom. Although my current spot is in a floating loss state, I think the market will have a small recovery. Now BTC is below MA200, which is a very dangerous signal. If it does not stand firm, then I think it is normal to go down to around 54,000. The market can only buy at the bottom of some high-quality currencies. These currencies have a value consensus. The value consensus I am talking about is recognized by the market, not the kind of garbage coins that the dealer can pull up with millions or tens of millions. For this kind of value consensus coins, just look at the 10-day hot list and summarize the coins with the highest frequency.
