Yesterday, BTC closed with a long cross star, opening and closing at almost the same level at 104.9k, and the low of 99.5k and the high of 109.8k drew exaggerated upper and lower shadows, with a total length of up to 10.3k, or a total shadow length of 10,000 dollars. Today, BTC began to reverse and fall, once dropping to 100k, and is still temporarily above 100k.
Big disappointment! Trump did not mention the cryptocurrency world at all during his inauguration. What will happen to the cryptocurrency world next?
Trump did not talk about the cryptocurrency market when he took office last night, so there was no explosion, which caused various currencies to start a sharp correction. In the past 24 hours, a total of 237,530 traders were liquidated, with a total liquidation amount of US$631.6 million.
In fact, this is quite in line with the law of capital, that is, the market starts to plummet after all the good news is released. If there is no other sudden good stimulus, this wave should be adjusted back for 1-2 weeks before it ends. This should be the same as the Bitcoin ETF launched in January last year, and then adjusted back for 2 weeks before taking off again, because March is the Prague upgrade, which we have analyzed before.
However, there is one thing that everyone can look forward to, that is, the US stock market may lead the cryptocurrency market to rebound. Because Trump's coming to power has eliminated all the negative impact on the US stock market, and various uncertainties have disappeared, the US stock market may rebound, and by the way, the cryptocurrency market will be brought back to stabilize the situation. Tonight, the first working day of the new Trump administration began, and we look forward to favorable stimulus to offset the impact of Japan's interest rate hike.
At present, the pressure of chips accumulation above 103,000 on the Bitcoin chain is not great. If it wants to continue to rise, it needs emotional stimulation of funds. The new position of 101,000 seems to have support, but the support at 98,000 and 99,000 is still very strong. It depends on the game of positive and negative emotions in the future.
If you want to copycat well, especially the secondary, the only thing you can do is to expect the ETH spot ETF’s pledge to be hyped next.
That is, BTC maintains sentiment, ETH is hyped and rises, so the secondary market is still expected. As for the SOL chain, the possibility of AI concept continues to be hyped, and celebrity MEME returns to AI value hype? ! !
In fact, the whole network was not doing well yesterday, but we retreated bravely. I placed buy orders above 3200 and 3000 for Ethereum, and above 200 and 230 for SOL. Pepe and Sui were also ready to buy at low prices. The way we play is that others are greedy and I am afraid. When others start to be afraid, that is when I will re-enter the market.
TRUMP took only one day to rise from 0.38 to 80, and its market value also soared from 400 million to 80 billion. It is just the beginning, which indicates that there will be five situations in the future:
SoL is surpassing Ethereum and becoming the king of the new generation of public chains;
The market for venture capital coins is being eaten away by memes;
Opportunities are shifting from centralized exchanges to decentralized exchanges;
Investors prefer to get rich overnight, and the secondary market is becoming increasingly difficult;
In the future, we will be more inclined towards current affairs and KOL coins.
Regarding the currency TRUMP, I am more inclined to think that we don't need to take it to heart in the future. It has been a conspiracy from the beginning. You have to know that Trump established his throne as a real estate tycoon by relying on real estate and opening casinos. He is a businessman after all, and businessmen are profit-driven, especially by legal and compliant means. TRUMP makes up for his financial expenses and gift exchanges incurred for the election!
Before he became president, he issued WIF, but the project eventually fell into obscurity; after he became president but before he took office, he issued Trump, and previously supported BTC as a strategic reserve for the United States, all of which were just preparations for his plan to cash out $500 million a day; and after he became president, he would keep silent about these things. If he talked about them, it would involve a term: "abuse of power for personal gain", which is a taboo in the management field.
