#今日市场观点 Heavy Analysis!!!
Heavy Analysis!!!
Heavy Analysis!!!
Heavy Analysis: Bitcoin and Ethereum Markets are Fluctuating, Beware of the Mentougou Effect and the Risk of Locked-in Disks!
The market is experiencing an unprecedented shock, and the trends of Bitcoin and Ethereum are impacted by multiple factors. First, the large-scale withdrawal of BTC from Mentougou is like a heavy bomb, which makes the market tremble. BTC worth $500 million was withdrawn from the Mentougou wallet to an unknown wallet, indicating that a wave of BTC compensation worth billions will surge before October this year, which undoubtedly brings great uncertainty to the market.
In addition, the selling pressure of high-level locked-in disks is also an insurmountable gap in the market. Above 70,000, a large number of investors are locked in, and they are eager to get out of the trap when the market picks up, which undoubtedly brings huge resistance to the market's rise. Without super-good news, Bitcoin may find it difficult to break through the 70,000 mark.
The upcoming release of the PCE data for April in the United States has made big funds even more reluctant. Before the data is released, the market is expected to remain volatile, and the probability of a decline is relatively high. Against this background, Bitcoin quickly fell back after rising overnight, and is currently consolidating at the 68,500 line. The pattern shows that there is still a trend of continued adjustment.
Although Ethereum's trend is slightly different from Bitcoin, it is also difficult to escape the influence of the market trend. Although its rebound speed is relatively fast, showing the market's bullish determination, it is still necessary to be vigilant about the risk of retracement brought by the news. At present, Ethereum has gone beyond its own characteristics and is not in resonance with the big cake. Pay attention to the stress test of the 4,000 area above during the day, and the support below is at 3,800.
Tuesday's operation strategy recommendations: For Bitcoin, pay attention to the range of 69,000 to 69,500. If it falls back to around 67,800, you can consider intervening; for Ethereum, operate in the range of 3930-70, and the support below is between 3850 and 3780. After both fall back in place, you can seize the opportunity for a short-term rebound. But remember, the market fluctuates violently, so be cautious in operation!
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