BTC:
Last night, Bitcoin hit a high of around 26,486, and then retreated. At present, this level of increase is not only due to the excitement of on-site funds, but also because the collapse of banks such as SVB has led to the entry of outside funds. From another perspective, the high opacity of centralized institutions has resulted in further increased risks, so foresighted institutions may rush into the market in advance. Gradually, you will find that people believe that only Bitcoin is reliable, at least safe enough, and highly transparent compared to current financial assets. There is no fraud, no additional issuance, no inflation, only a fair issuance mechanism and a stable online supply.
At the 4-hour level, Bitcoin continued to rise after the adjustment. Yesterday I said that the real upper resistance level is 38,000, and then many students questioned why it was so high. In fact, from a medium-term perspective, the upper resistance is this position. Don’t doubt whether it can reach this position. I said it will definitely reach this position, and the time is the next three months.
At present, the market is stable, so we can choose high-quality targets to trade with confidence. As long as the general direction is right, you should be able to make money no matter what you trade. It is just a matter of how much. But one thing is certain, that is, the better the market, the more you should learn to stop profit. You should know that in the second half of this year, there will be better opportunities for us to buy low-priced chips.
ETH:
Ethereum still follows the market, and its trend is weaker than that of Bitcoin, which shows that the current market is dominated by funds outside the circle. Of course, it also reveals the concerns of external institutions about the compliance risks of Ethereum after its conversion to POS. However, Ethereum still has great advantages over other assets in the long run. The first is the deflationary property. The annual inflation rate of other POS public chains is about 10%. Under the premise that the usage rate is significantly lower than that of Ethereum, it is difficult to achieve deflation, that is, relying on transaction fees to cover the mining cost. Currently, only ETH has the hope of achieving this achievement; the second is the consensus level. The current consensus level of Ethereum is only weaker than BTC, which is much stronger than others; the third is the developer community. Ethereum is still a place of innovation because the best developers, thinkers, and entrepreneurial teams in the world are on Ethereum. So no matter whether the next wave is NFT, DEFI, Metaverse, Al, or web3, Ethereum is the platform that can capture the most value.
