Today is the 223rd day that I write about events, and there has been no interruption. Each article is not just flattery but serious preparation. [微笑][微笑] If you think I am a serious person, you can move forward with me, and I hope that the content of each day is useful to you. The world is big and I am small, so click the follow button to make it easier to find me. [微笑][微笑]


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Baozi, the Spring Festival is approaching, and the currency market has begun to recover, and Bitcoin has also stabilized near the 104000 support, and there is still resistance to the rise near 106600. With this trend, as long as the secondary return does not exceed, we will soon see Bitcoin above 110000. While Ethereum has not yet stabilized at the key level of 3400, it has begun to friction near the 3300 support, and this is also a positive development, and there is another resistance above near 3450.
Many major cryptocurrencies are currently consolidating in a triangular pattern on the daily timeframe, and the market has not yet determined a clear direction, whether it be upward or downward. However, once the direction is determined, there will be a very large price movement. At this time, I don't really recommend getting involved in these choppy waters, not participating will not result in a loss of money. There aren't many people who can control themselves and allow their positions to float in a losing state, and there aren't many people who randomly increase their stakes. So enjoy your holiday, spend enough time with your family, as prices will not change according to your personal desires.
To push the currency price higher, two factors are needed:
1. The expected positive expectation can be naturally visible, just as fishing needs bait.
2. There is a flow of money from outside the market pushing prices higher.
On the news side, there are no visible positive aspects in the near future, and a clear net flow of foreign funds cannot be seen.
In the futures markets, I believe it is possible to start looking at the positive side, although Trump has withdrawn liquidity through a single currency issuance, he is fulfilling his promises. Today, the founder of the dark web has officially been pardoned, and the greater likelihood in the future is the United States building a strategic reserve of Bitcoin. Once that is determined, Bitcoin prices will rise again, and it will certainly lead to a significant market rally. As for other cryptocurrencies, they are few and difficult to understand. The number of cryptocurrencies this year is 300 times more than before, so it is currently difficult to make money in this field.
Stay updated daily with my posts, and make sure not to fall behind. It will bring you a lot of harvest and growth! I wish you successful trading [微笑]
(Note: I cannot reply to questions from those who do not follow me. Everyone's time is precious)
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