YiboMarketAnalysis
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The price of Bitcoin once soared above $64,000, hitting its highest level since November 2021 and has risen more than 40% so far this year. And it's still climbing. There are several reasons for the rise in Bitcoin's price. First, the approval of Bitcoin exchange-traded funds (ETFs) and continued inflows have provided strong demand support to the market. Second, the upcoming Bitcoin "Halving" event, which is expected to occur in April this year, will lead to a decrease in the supply of Bitcoin, which is expected to push the price higher. In addition, institutional investors such as MicroStrategy continue to increase their holdings of Bitcoin, which also increases the market's confidence in Bitcoin. Together, these factors have driven the price of Bitcoin higher, making it likely to continue higher in the near term.




Yesterday's BTC rose strongly, has been breaking, up more than 10%, all the way up to the high, the highest price to 64400 line, a 5,000 Long Wick Candle in the morning also quickly recovered, the four-hour level continues to wait for the Bollinger Bands to close. At the one-hour level, there is no pressure to break above the all-time high. But for now, there's not much pressure. Pressure is all about breaking through. BTC the daily chart, the continuous big sun stretched, broke through the new high, the Long head is running in large volume and the Candlestick entity energy is full of energy for this kind of trend is bound to see the continuation of the market, after the short-term Long out of the high, the strength of the step back is obviously weak, then the short-term can still be low Long participation, four hours of even the yang upward Long strong force, the high level after a short trimming did not give too Long to step back, so the white plate is still mainly to Long single participation. At present, there will not be much Fluctuation, the upper pressure is 62500-63200, and the lower support is 60500-59400


The Ethereum Dencun upgrade time has finally been confirmed, which is March 13 21:55,This wave is the Mainnet upgrade is not the previous Testnet scam cannon,This wave of upgrades should be the most important since the last merger,Including the legendary eip4844,Protodanksharding,This upgrade can drop L2 Money Laundering,Today the polgon Fed also mentioned that the upgrade will increase the data capacity and data availability of ETH,You must know that it is only data availability DA A separate track has already appeared, so this upgrade is a major Favourable Information for ETH, and the hype will definitely come. It is very Long partners to ask BTC is the Long low that may be reached in the short term? If there is a pullback, the expected low is Long less? Objectively speaking, these two questions cannot be answered at present, and the macro believes that as long as the net inflow of funds of ETF large institutions remains unchanged, BTC will continue to rise, and the game between limited Long leverage and nearly unlimited institutional funds in the market,


Ethereum yesterday as a whole showed a volatile upward trend, the highest hit 3499 line was blocked and quickly retreated, the low fell to 3185 and then rebounded again, yesterday's volume rush is expected. Of course, the goal of this wave of shorts in the second wave is to be released sooner or later, but I didn't expect it to come so quickly. After the Short and Quantity can be released, the short-term may construct a two-wave adjustment, and the short-term high point may be partially sorted out or corrected, depending on the size of the Short Step, the Short can be large or small. Short size is depth adjustment, Short space is horizontal correction and correction. The Poki increases, the opportunities increase Long, and there are opportunities to grasp the Long Short points. Combined with the flexible response to the pattern, MACD Long run but no amount can overall slow upward trend, the current did not break the previous high is expected to go back a wave of retracement, below the focus on MA7 and 14-day moving average support, not broken will continue to rise, the daily level is Long arrangement after accelerating the rise is expected to form a top in the short term, if the daily line does not break the new high will maintain a high shock, Long head environment is recommended to follow the trend, although there are long wick candles but not enough to change the trend, the idea is recommended to step back low Long mainly high Short supplemented, above suppress 3450-3530, lower support 3350-3380!
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JingchenJixiangvip
· 2024-03-01 01:49
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JingchenJixiangvip
· 2024-03-01 01:49
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· 2024-02-29 20:38
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· 2024-02-29 12:35
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VibrantAndThrivingvip
· 2024-02-29 07:20
The most attentive analysis
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EternalWildernessvip
· 2024-02-29 06:40
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· 2024-02-29 06:26
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RyoSaebavip
· 2024-02-29 06:16
Thank you for this analysis
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