The hero mentioned before that the pie will change this week. Sure enough, last night the pie broke through 30,000 US dollars in one fell swoop. However, the trend did not show the expected trend of first luring the short side back to the daily MA30 and then breaking through. Instead, it directly broke through in one fell swoop. breakthrough. Looking at the overall market, apart from the big market, Ether is only a weak follower, reaching near the previous high, and most of the copycats are only a weak follower, except for CFX and other individual varieties.
So is this wave of big pie an effective breakthrough or a wave of inducement? But judging from the breakthrough last night, it was accompanied by news. This news is that Douyin can directly query the BTC market, but just before posting, Searching for BTC again, it is no longer possible, it is a direct risk warning. The hero has also said many times that if the pie does not step back and directly breaks through 30,000, then the short-term risk will be great, like a castle in the air that will shatter at a touch. In this case, either it will continue to rise in one go, or it will be a false breakthrough that induces more. With this kind of rise, what Daxia sees is not an opportunity, but a risk. In addition, tomorrow is the time when the Hong Kong conference is held and the cpi data is released. The curse of falling at every meeting has been lingering above our heads. The picture below is a trend chart of BTC market capitalization ratio
It can be clearly seen from the figure that since the rise of Ethereum in 2017, BTC's market capitalization ratio has entered a low point, and then gradually recovered during the two-year bear market in 2018 and 2019. During this period, a large number of altcoins returned to zero. The market has undergone a massive reshuffle. During this period, in the first quarter of 2018, many so-called public chain projects emerged that could compete with Ethereum. At that time, there was a short-lived wave of public chain bulls, and many emerging public chains rose in a short period of time. It increased by more than 10 times, and then there was a massive washout of copycats that lasted for two years. Then came the first half of 21. In just a few months, Ether rose several times, copycats broke out on a large scale, and the market value of the pie accounted for less than 50%, which has continued to this day.
Due to the rise of Ethereum and the continued development of blockchain technology, the changes in the entire market in recent years are visible to the naked eye. The most obvious point is that the dominance of BTC continues to weaken, and the dominance of Ethereum gradually increases. In recent years, the dominance of Ethereum has gradually increased. The development history of blockchain is the growth history of Ethereum. Daxia has also mentioned many times in articles before that one day in the future, the market value of Ethereum will exceed that of the pie. Most of the market prices at the beginning of this year were focused on projects in the Ethereum ecosystem. The market market differentiation has become more and more serious, and copycats have been particularly little affected by the trend of the big market. Unless there is a daily level plunge in the market, most copycats are following their own trends. Therefore, the best strategy now is to remain unchanged in response to changes, hold some spot stocks, and reduce the frequency of operations. The heroes have repeatedly mentioned several items in the article before: audio, eos, link, blur
The pie broke through 30,000 last night, and many people were excited, but heroes still see more risks. This kind of rising method is unstructured, but it is meaningless to keep guessing. You only need to know Every step above 30,000 is a tightrope walk.
In terms of technical indicators, the top divergence of the daily level of Bitcoin appears again. This kind of rise without callback is unhealthy, just like the rope of tug-of-war is getting weaker and weaker, and the final consequence is devastating. Unless Bitcoin can continue to break through the pressure level and rise directly to 40,000. In this extremely uncertain market, it is enough to hold some spot positions. Support level: 29,000 Pressure level: 31,000
