The market is changing rapidly, and transactions are all immediate. The situation changes drastically. The liquidation of options just happened to reach its best pain point. The price exceeded 98,000 as expected. Yesterday, I said that 98,000 was its pain point. Ethereum's pain point is at 2,700, which is also within this range. The gold price has made a slight adjustment to 2,930. Next, with the crazy buying of institutions, an alarm has also sounded in the market of Bitcoin. One hundred thousand US dollars has become a meat grinder for long and short positions. The data dealers on the chain have already made their cards clear. ETF funds are in the hundreds of billions, and the giant whales have begun to operate and sell the institutions to buy at the bottom. Who will win?
Let's get back to the market, why is there a meat grinder near 100,000 US dollars? It has been fluctuating around this for a while. The longer you experience this kind of market situation, the numbness you will feel and the soreness you will feel. Especially when the golden cross of the daily line appears again, we will soon see a rise in Bitcoin again, and we can observe the recent data on the chain, especially the liquidation map of the exchange. You can see that the resistance point above is very large. As long as it rushes up to 100,000 US dollars, there will be a liquidation of 10 billion US dollars. The higher it goes, the greater the liquidation force will be, and the dealer is on the verge of exploding. The on-chain data of various funds shows a very stable increase.
Recently, a Bitcoin spot ETF has been experiencing outflows. Nearly 3,000 coins flowed out yesterday. Institutions are selling, and there is still a buying situation on the chain. Therefore, you can operate low and long during the day, and it also shows a very obvious low and long signal. Although the volume and price diverge, it still shows an upward momentum. This wave can briefly see a resistance point of US$104,000 above, which is the short-term target. One of its support points is still at US$95,000 below. You can see that the daily golden cross performance is very perfect.
Ethereum did experience a wash-out in this wave of market, and after the wash-out, it touched its pain point yesterday. After touching 2,700, it formed a small golden cross below. Therefore, in the next one to two months, every time it forms a golden cross, there will be a good rebound, and the upward momentum is very sufficient. At this time, if it is expected to break through 3,000 US dollars, it will be able to break through the level of more than 4,000 US dollars above.
Many friends have seen a small rise in the mainstream of the copycat recently, and some currencies have even seen a rise of more than 60%. As the market fluctuates, the overall market will become very greedy after the fluctuation of Bitcoin becomes larger. The market is still gradually advancing. Litecoin has rebounded in the past two days, but it has never broken through the key resistance point of 140-150 US dollars. However, the good news is that it has broken through this downward channel and formed a continuous rise. Next, its target price is 150 US dollars. If it can successfully break through, we will have a wave of rebounds. Bitcoin has broken through the level above 100,040 US dollars, so in the end this wave of market will still break upward. That's all for today. #比特币行情走势分析