YGs Crypto Daily Analysis

Since the start of this year's Bitcoin Conference, both Bitcoin and Ethereum have shown a strong rebound. Here is my analysis:

Market sentiment has improved:

The Bitcoin Conference has attracted the attention of cryptocurrency enthusiasts and investors around the world. Many positive news released during the conference, including the participation of institutional investors, new technological advances, and the gradual clarification of policies, have greatly boosted market confidence. The improvement in market sentiment is one of the main factors driving the price of Bitcoin and Ethereum. Trump's participation is undoubtedly one of the biggest keys; the only pity is that Musk did not go~

Macroeconomic environment:

Global economic uncertainty and inflationary pressure have made more investors turn their attention to crypto assets such as Bitcoin and Ethereum as a means of hedging risks in traditional financial markets. Bitcoin's positioning as "digital gold" has once again been recognized by the market.

Technical analysis:

From the liquidation map, BTC currently has large long orders waiting to be liquidated below, and the final liquidation point is roughly 63,000-62,000.

The current volatile market is such a two-way liquidation, with large fluctuations up and down, no continuity, and it is difficult for trend traders to operate.

In addition, the recent positions are mainly light positions, so you can wait and see, don't be anxious.

I hope these analyses are helpful to everyone, and I wish you all a smooth investment