The village chief said 11.08 market analysis, what to watch this week and what to watch today
Preface
Asset management giant Fidelity released a report on BTC and responded to 9 criticisms of BTC.
Criticism 1: BTC is too volatile to serve as a store of value.
Fidelity responded: BTC’s volatility is a trade-off for its perfect supply inelasticity and non-intervention market. BTC is an emerging store of value that is undergoing financialization and its volatility should decrease.
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Criticism #9: There are “unknown unknowns”.
Fidelity’s response: There are risks beyond our awareness (known and unknown risks), and investors should exercise caution and adjust investment positions accordingly. This applies to all assets, not just BTC.
Market review
The market trend on Tuesday can only be said to be that it is going to fall. It has a classic half-hour reversal. After falling all night, it will give you a big reversal in 30 minutes. It is a bit like a domestic suspense drama. It will not be able to do anything until the last minute. I don’t know what the main force is thinking, and the market has entered the crying wolf mode. First of all, we need to make it clear at this time, the issue of direction, whether you are mainly short-selling or long-selling, the editor personally is based on high shorts, low longs, or low longs after a big drop, this plan. Why? There are three reasons: First, the market started to rise on the 19th of last month. As of today on the 8th, there has not been a decent step back. It has been consolidating at a high level. This is a signal for high-level shipments. Second, the share of the big pie has begun to decrease, oil prices have risen, and speculation has emerged around the big pie. Third, the copycats only have hot spot rotation without much increase. The editor feels that the focus of this round is not on the little white leeks, and the bottom leeks will not buy big cakes. Then everyone will understand the editor's answer. Who has bought the biggest pie recently? Who has been preaching the good pie recently? . . . . . Speak three points.
The second pie is a little stronger than the big pie this week, but it is only a little stronger. Some old altcoins have begun to take turns to exert their strength, such as: Ripple, AAVE, Ethereum Classic, etc. The doomsday chariot is slowly starting. Importantly Say things three times.
Today’s highlights and this week’s views: This week’s views surged higher and fell sharply.
Let’s see if the pie can rise above 36,000 today, then rise again, or reach a new high, and then start the callback mode. The callback will first look at the first point of 33600-32800, and then between 32000-30800. The copycat will look at the waterfall. , how it rises and how it falls.
High altitude and low multiple, mainly high altitude, reason: the step back is not in place.
The second pie is stronger than the big pie today, but only a little bit stronger. It is estimated that 1914-1950 is about the same, and we will see 1720-1680 below. The article is a personal opinion and does not constitute investment advice.
