The world's richest man, Musk, has become a firm supporter of Bitcoin, and the rise of BTC/ETH is brewing
The most sensational news in the currency circle yesterday was Musk's statement on Bitcoin. Tesla CEO Musk said, "Bitcoin is a good thing, and I am a supporter. He also said that he should have bought it 8 years ago. Bitcoin." But this news did not seem to cause a surge like the previous few days. Why did Bitcoin change its previous tone and switch from naughty ups and downs to a well-behaved mode, which caused many investors to suffer in every possible way. On the one hand, they were worried The bear market is coming, and I am afraid of being caught. On the other hand, I am worried that the bull market is not over, and I am afraid of being in the air
In today's video content, we will directly address the pain points of investors, analyze the intrinsic value of Defi's partial bull market, and tell everyone whether they can still participate. The current market of Bitcoin and Ethereum is well-thought-out, and seize the potential bull market opportunity, exclusive analysis, not to be missed, let's start our content today.
Long-term rating: Overweight
Long-term rating: Overweight
Short Cycle Rating:
Today's point of view
Small-cap cryptocurrencies underweight
Today's point of view
The Reddit forum called on retail investors to force the silver market yesterday. Silver soared 11.6% at the opening yesterday. Then the Chicago Board of Trade announced overnight that it would increase the margin of silver futures to 18%, hoping to eliminate retail investors with insufficient financial strength from the futures market.
Capital masters the rules of the game. In the past, the central bank used the central bank to print money to harvest the public in a disguised form. Now investors are using the money from the stimulus bill to squeeze investment institutions short. No one knows where the bottom line is.
Borrowing, investing, and trading all these traditional financial activities should and can be redone by the blockchain. As a simple functional work in itself, the trust established by relying on licenses and brands in the past is now made public by a series of blockchains. After being replaced by the code on the chain, finance is no longer a licensed business, but a public service.
Institutions, chaebols, and ordinary people must conduct transactions under the same rules. This may be the vision of decentralized finance. This vision seems to have found more necessity in the battle between retail investors and institutions. This is why the UDB team has led everyone to deploy DEFI since last year, which is an inevitable historical trend.
In terms of the market, the market of Bitcoin has not changed from the situation we discussed in the past, and it is still in the symmetrical triangle arrangement. However, in the last 5 trading days, Bitcoin has been constantly testing the upper edge of resistance. As time goes by, the difficulty of breaking through It will continue to decline, and we expect that the rising price of Bitcoin will start soon, and investors should be prepared.
Ethereum is trying to break through the long-term falling LOG resistance line again today. We are paying attention to the 4-hour line closing situation. If it can break through effectively, Ethereum will once again start a big bull market.
The DEFI sector went up again today, but failed to touch the upper edge of the channel and began to decline. We observed three divergences in the MACD, and the strength of the RSI weakened significantly. Considering the magnitude and continuity of the market, we have reason to believe that the market is coming to an end, more The opportunity is among mainstream cryptocurrencies such as Bitcoin and Ethereum.
