$Bitcoin (BTC.CC)$
Bitcoin rebounded strongly, with a development that exceeded $71,000. It is thought that the movement of breaking out of the recent consolidation was the cause.
I am skeptical about whether the rise of bitcoin will continue. I don't think the FOMC has any surprises and there is no buying catalyst at the moment.
I think it is natural to see the recent pause in short selling as opposed to new buying.
The timing for selling on the rebound is believed to be between 70,000 to 73,000 dollars. There are triple bottoms and a ceiling line that created the recent decline.
Bitcoin rebounded strongly, with a development that exceeded $71,000. It is thought that the movement of breaking out of the recent consolidation was the cause.
I am skeptical about whether the rise of bitcoin will continue. I don't think the FOMC has any surprises and there is no buying catalyst at the moment.
I think it is natural to see the recent pause in short selling as opposed to new buying.
The timing for selling on the rebound is believed to be between 70,000 to 73,000 dollars. There are triple bottoms and a ceiling line that created the recent decline.
Translated
5
$Bitcoin (BTC.CC)$
Bitcoin passed last week's FOMC and has continued in a ranging market after a slight increase. Currently testing $60,000 and fluctuating around $65,000.
Bitcoin's adjustment seems natural when looking at the 7-month consecutive positive weekly candlesticks and the high RSI on the weekly chart.
The following is a heat map of the weekly RSI.
Looking at the daily candlestick chart, it doesn't seem unlikely to resemble a triple bottom.
I expect the adjustment of Bitcoin to continue. The price range is expected to be up to $55,000 for a decline, and up to $70,000 for an increase. The reason for the high volatility is that the option volatility is at a high value of 75.
In other words, if you trade skillfully, you can make a considerable profit in this market. Financial estimates are difficult, though... 😓
In addition, the outflow and inflow of Bitcoin ETFs are also stabilizing. I think this can be seen as a positive sign.
*** Conclusion ***
Bitcoin is expected to continue in a ranging market. Many professional traders are currently looking at Ethereum rather than Bitcoin, and it was approved on 5/3...
Bitcoin passed last week's FOMC and has continued in a ranging market after a slight increase. Currently testing $60,000 and fluctuating around $65,000.
Bitcoin's adjustment seems natural when looking at the 7-month consecutive positive weekly candlesticks and the high RSI on the weekly chart.
The following is a heat map of the weekly RSI.
Looking at the daily candlestick chart, it doesn't seem unlikely to resemble a triple bottom.
I expect the adjustment of Bitcoin to continue. The price range is expected to be up to $55,000 for a decline, and up to $70,000 for an increase. The reason for the high volatility is that the option volatility is at a high value of 75.
In other words, if you trade skillfully, you can make a considerable profit in this market. Financial estimates are difficult, though... 😓
In addition, the outflow and inflow of Bitcoin ETFs are also stabilizing. I think this can be seen as a positive sign.
*** Conclusion ***
Bitcoin is expected to continue in a ranging market. Many professional traders are currently looking at Ethereum rather than Bitcoin, and it was approved on 5/3...
Translated
5
$Bitcoin (BTC.CC)$
The following is a volume comparison image between the spot price of Bitcoin and unsettled futures contracts.
You can see that there is a resistance line exactly where the 2021 high is drawn to the horizon.
You can also see that there is a line that is gradually thought to be 60,000 dollars or 50,000 dollars.
You can see from this image that $50,000 is the bottom price in the end. However, I think it depends on the FOMC for it to drop this far, but you need to be careful ⚠️
The following is a volume comparison image between the spot price of Bitcoin and unsettled futures contracts.
You can see that there is a resistance line exactly where the 2021 high is drawn to the horizon.
You can also see that there is a line that is gradually thought to be 60,000 dollars or 50,000 dollars.
You can see from this image that $50,000 is the bottom price in the end. However, I think it depends on the FOMC for it to drop this far, but you need to be careful ⚠️
Translated
3
$Bitcoin (BTC.CC)$
What will be the driving factors for the next market trend?
Now that Bitcoin ETFs have been approved, the next focus is expected to be on Ethereum ETFs. However, just like it took time for Bitcoin ETFs to be approved, it is also unlikely that Ethereum ETFs will be approved instantly.
Currently, ethereum has successfully completed the Denkun upgrade and significantly reduced the fees for Layer 2 transactions.
As a result, it is true that the Ethereum ecosystem has become more attractive to users.
'Market Leading Indicators'
- Ethereum ETF → I think the price movements will be unstable like bitcoin until approval is obtained due to the anticipation.
- AI Trend → AI demand is flowing into cryptocurrencies led by RNDR. However, I do not expect such significant inflow of funds to uplift the overall market.
- Resurgence in Gaming and NFTs → In 2021, there was excitement around gaming and NFTs, causing prices to soar. It is still believed that these are key factors to reach the masses.
- Entry of Institutional Investors → When pension institutions like GPIF enter, there will be an increase in fund inflow.
- Presidential election...
What will be the driving factors for the next market trend?
Now that Bitcoin ETFs have been approved, the next focus is expected to be on Ethereum ETFs. However, just like it took time for Bitcoin ETFs to be approved, it is also unlikely that Ethereum ETFs will be approved instantly.
Currently, ethereum has successfully completed the Denkun upgrade and significantly reduced the fees for Layer 2 transactions.
As a result, it is true that the Ethereum ecosystem has become more attractive to users.
'Market Leading Indicators'
- Ethereum ETF → I think the price movements will be unstable like bitcoin until approval is obtained due to the anticipation.
- AI Trend → AI demand is flowing into cryptocurrencies led by RNDR. However, I do not expect such significant inflow of funds to uplift the overall market.
- Resurgence in Gaming and NFTs → In 2021, there was excitement around gaming and NFTs, causing prices to soar. It is still believed that these are key factors to reach the masses.
- Entry of Institutional Investors → When pension institutions like GPIF enter, there will be an increase in fund inflow.
- Presidential election...
Translated
4
1
$Bitcoin (BTC.CC)$
Bitcoin is experiencing a major crash. It seems like numerous resistance signs have finally erupted.
Around, $60,000 and $50,000 are considered as potential bottom points. However, the actual bottom remains unknown.
What's clear is that this is just a correction, and the trend is expected to continue.
I think it's time to focus on the next rising stocks.
As categories where potential rise can be expected, I am focusing on AI, Layer 1, and meme stocks. These were the categories that saw the most significant increase during the trend from February to early March this year.
However, trends change. After adjustments, these stocks may lose to other categories. Nevertheless, I firmly believe that AI will undoubtedly continue to rise.
More than cryptocurrency, the trend in the overall financial market is driven by AI. Nvidia announced today the launch of a high-speed GPU development called Blackwell. The AI trend has just begun, and undoubtedly this trend will also flow into cryptocurrencies.
Hot stocks include CGPT, Fetch, RNDR, etc. And there are also new AI stocks to be listed in the future...
Bitcoin is experiencing a major crash. It seems like numerous resistance signs have finally erupted.
Around, $60,000 and $50,000 are considered as potential bottom points. However, the actual bottom remains unknown.
What's clear is that this is just a correction, and the trend is expected to continue.
I think it's time to focus on the next rising stocks.
As categories where potential rise can be expected, I am focusing on AI, Layer 1, and meme stocks. These were the categories that saw the most significant increase during the trend from February to early March this year.
However, trends change. After adjustments, these stocks may lose to other categories. Nevertheless, I firmly believe that AI will undoubtedly continue to rise.
More than cryptocurrency, the trend in the overall financial market is driven by AI. Nvidia announced today the launch of a high-speed GPU development called Blackwell. The AI trend has just begun, and undoubtedly this trend will also flow into cryptocurrencies.
Hot stocks include CGPT, Fetch, RNDR, etc. And there are also new AI stocks to be listed in the future...
Translated
2
1
$Bitcoin (BTC.CC)$
Bitcoin is likely to end this week with a decline. It had risen before PPI was announced, but after the announcement, Bitcoin also fell along with the overall decline in financial markets due to concerns about inflation and receding interest rate cuts.
Bitcoin, the Nasdaq Composite Index, and NVIDIA have shown the highest correlation ever.
The current decline is not Bitcoin alone; it is a decline linked to the stock market, so it doesn't seem like there will be an immediate rebound.
Both the stock market and Bitcoin are quite high, and next week there will also be FOMC.
Now, if Chairman Powell doesn't change the interest rate cut schedule, I think it will turn upward again.
[Anomalies and Technical Analysis]
Weekly anomalies indicate a positive next week.
[Technical analysis]
Even if it falls, the price range that people are likely to be aware of is the high resistance line of 57,000 dollars.
Bitcoin is likely to end this week with a decline. It had risen before PPI was announced, but after the announcement, Bitcoin also fell along with the overall decline in financial markets due to concerns about inflation and receding interest rate cuts.
Bitcoin, the Nasdaq Composite Index, and NVIDIA have shown the highest correlation ever.
The current decline is not Bitcoin alone; it is a decline linked to the stock market, so it doesn't seem like there will be an immediate rebound.
Both the stock market and Bitcoin are quite high, and next week there will also be FOMC.
Now, if Chairman Powell doesn't change the interest rate cut schedule, I think it will turn upward again.
[Anomalies and Technical Analysis]
Weekly anomalies indicate a positive next week.
[Technical analysis]
Even if it falls, the price range that people are likely to be aware of is the high resistance line of 57,000 dollars.
Translated
5
1
1
$Bitcoin (BTC.CC)$
It is impossible to increase by 10 times in Bitcoin from now on. However, if it is an altcoin, it is fully achievable.
I bought the cryptocurrency CGPT at $0.05 and it has now risen to $0.5.
Generating AI is experiencing an unprecedented boom, led by Nvidia. Money from the stock market is also flowing into cryptocurrencies, creating tremendous returns.
The boom has just begun. It's a story that could be a hundred times more.
Currently, Bitcoin has risen to $72,500, which is a dangerous level ⚠️.
When a correction comes, the first stock to buy is AI stocks. I'll write down the popular currencies below.
fisco.jp/media/...
fisco.jp/media/...
Although this article does not mention it, the CGPT I purchased is an app on the Binance Smart Chain and also a launchpad (fundraising app). The recent total value locked (TVL) has grown by 150%. You can check this number on Defi lama.
In any case, let's get on the bandwagon. The topic is AI. Especially the generation A...
It is impossible to increase by 10 times in Bitcoin from now on. However, if it is an altcoin, it is fully achievable.
I bought the cryptocurrency CGPT at $0.05 and it has now risen to $0.5.
Generating AI is experiencing an unprecedented boom, led by Nvidia. Money from the stock market is also flowing into cryptocurrencies, creating tremendous returns.
The boom has just begun. It's a story that could be a hundred times more.
Currently, Bitcoin has risen to $72,500, which is a dangerous level ⚠️.
When a correction comes, the first stock to buy is AI stocks. I'll write down the popular currencies below.
fisco.jp/media/...
fisco.jp/media/...
Although this article does not mention it, the CGPT I purchased is an app on the Binance Smart Chain and also a launchpad (fundraising app). The recent total value locked (TVL) has grown by 150%. You can check this number on Defi lama.
In any case, let's get on the bandwagon. The topic is AI. Especially the generation A...
Translated
3
2
$Bitcoin (BTC.CC)$
Bitcoin is still moving towards the top today. Honestly, I'm looking at around 71400 as a milestone. If you go up any higher than that, you'll reach a point where you don't know the ceiling line anymore.
Now that all indicators are showing ceiling signs, I think it's good for Bitcoin to stand on the sidelines.
I think the market saying “I'll give you the head and tail” is exactly the timing right now.
Bitcoin is still moving towards the top today. Honestly, I'm looking at around 71400 as a milestone. If you go up any higher than that, you'll reach a point where you don't know the ceiling line anymore.
Now that all indicators are showing ceiling signs, I think it's good for Bitcoin to stand on the sidelines.
I think the market saying “I'll give you the head and tail” is exactly the timing right now.
Translated
12
2
1
$Bitcoin (BTC.CC)$
I think Bitcoin has reached the right time to sell.
The annual sentiment of Google Trends has reached 100, which suggests that it is reaching its climax.
The inflow of Bitcoin ETFs has also reached a record high.
Even if you check it on the chart, the high price is almost in line with the past high.
The monthly chart will continue to form a cup with handle and I think it will head towards a decline.
Then, I think it will start to rise around fall.
What should you pay attention to next $Ethereum (ETH.CC)$
Ethereum still has room to rise, and the following indicators are about to enter an uptrend.
Option volatility is also extremely high, and if it grows, it will grow all at once.
Also, when I check the weekly chart of other altcoins, they have an impossible beard. The volatility is beyond imagination, and price movements are almost impossible to predict.
At times like this, it is important to have confidence that it will rise over a long period of time, and have the mentality of not selling even if it crashes.
I think Bitcoin has reached the right time to sell.
The annual sentiment of Google Trends has reached 100, which suggests that it is reaching its climax.
The inflow of Bitcoin ETFs has also reached a record high.
Even if you check it on the chart, the high price is almost in line with the past high.
The monthly chart will continue to form a cup with handle and I think it will head towards a decline.
Then, I think it will start to rise around fall.
What should you pay attention to next $Ethereum (ETH.CC)$
Ethereum still has room to rise, and the following indicators are about to enter an uptrend.
Option volatility is also extremely high, and if it grows, it will grow all at once.
Also, when I check the weekly chart of other altcoins, they have an impossible beard. The volatility is beyond imagination, and price movements are almost impossible to predict.
At times like this, it is important to have confidence that it will rise over a long period of time, and have the mentality of not selling even if it crashes.
Translated
+2
14
3
$Bitcoin (BTC.CC)$
Let's sort out the current state of Bitcoin.
It is currently overheated, and Bitcoin has been picked up on TV, and people who don't know Bitcoin until now have entered the stage where they are investigating Bitcoin.
This state is commonly referred to as friend radar, and it is also a sign of sales.
However, it is also true that a full-scale upward market has just begun.
This is an index that measures the feeling of overheating from the total market value of the on-chain data analysis site CryptoQuant. If this exceeds 4, vigilance increases quite a bit.
Currently, it's still quite far from 1.8. Various other indicators also indicate a sense of overheating, but I think it is still in a state where the sense of overheating will increase in the future.
In conclusion, I think Bitcoin will continue to rise throughout the year. But I think adjustments will definitely come. I think the immediate future will come in April. If the crash range is 70,000 dollars, I think it will fall to 40,000 dollars.
We have seen an increase so far this month. If FOMC is a pigeon faction, I think it will definitely rise.
Let's sort out the current state of Bitcoin.
It is currently overheated, and Bitcoin has been picked up on TV, and people who don't know Bitcoin until now have entered the stage where they are investigating Bitcoin.
This state is commonly referred to as friend radar, and it is also a sign of sales.
However, it is also true that a full-scale upward market has just begun.
This is an index that measures the feeling of overheating from the total market value of the on-chain data analysis site CryptoQuant. If this exceeds 4, vigilance increases quite a bit.
Currently, it's still quite far from 1.8. Various other indicators also indicate a sense of overheating, but I think it is still in a state where the sense of overheating will increase in the future.
In conclusion, I think Bitcoin will continue to rise throughout the year. But I think adjustments will definitely come. I think the immediate future will come in April. If the crash range is 70,000 dollars, I think it will fall to 40,000 dollars.
We have seen an increase so far this month. If FOMC is a pigeon faction, I think it will definitely rise.
Translated
14
5
1
![[empty]](https://static.moomoo.com/node_futunn_nnq/assets/images/folder.5c37692712.png)
![[error]](https://static.moomoo.com/node_futunn_nnq/assets/images/no-network.991ae8055c.png)
![[loading]](data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMjYiIGhlaWdodD0iMjYiIHZpZXdCb3g9IjAgMCAyNiAyNiIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KPHBhdGggZmlsbC1ydWxlPSJldmVub2RkIiBjbGlwLXJ1bGU9ImV2ZW5vZGQiIGQ9Ik0xMi45OTk5IDAuMzI1NDM5QzYuMDQxMTEgMC4zMjU0MzkgMC4zOTk5MDIgNS45NjY2NSAwLjM5OTkwMiAxMi45MjU0QzAuMzk5OTAyIDE5Ljg4NDIgNi4wNDExMSAyNS41MjU0IDEyLjk5OTkgMjUuNTI1NFYyMi43MjU0QzcuNTg3NTEgMjIuNzI1NCAzLjE5OTkgMTguMzM3OCAzLjE5OTkgMTIuOTI1NEMzLjE5OTkgNy41MTMwNSA3LjU4NzUxIDMuMTI1NDQgMTIuOTk5OSAzLjEyNTQ0VjAuMzI1NDM5WiIgZmlsbD0idXJsKCNwYWludDBfbGluZWFyXzIyMDBfNDg2NikiLz4KPHBhdGggZmlsbC1ydWxlPSJldmVub2RkIiBjbGlwLXJ1bGU9ImV2ZW5vZGQiIGQ9Ik0xMyAyNS41MjU0QzE5Ljk1ODggMjUuNTI1NCAyNS42IDE5Ljg4NDIgMjUuNiAxMi45MjU0QzI1LjYgNS45NjY2NSAxOS45NTg4IDAuMzI1NDQgMTMgMC4zMjU0MzlWMy4xMjU0NEMxOC40MTI0IDMuMTI1NDQgMjIuOCA3LjUxMzA1IDIyLjggMTIuOTI1NEMyMi44IDE4LjMzNzggMTguNDEyNCAyMi43MjU0IDEzIDIyLjcyNTRWMjUuNTI1NFoiIGZpbGw9InVybCgjcGFpbnQxX2xpbmVhcl8yMjAwXzQ4NjYpIi8+CjxjaXJjbGUgY3g9IjEzLjAwMDEiIGN5PSIyNC4xMjUzIiByPSIxLjQiIGZpbGw9InVybCgjcGFpbnQyX2xpbmVhcl8yMjAwXzQ4NjYpIi8+CjxkZWZzPgo8bGluZWFyR3JhZGllbnQgaWQ9InBhaW50MF9saW5lYXJfMjIwMF80ODY2IiB4MT0iNy4zOTk5IiB5MT0iMjUuNTI1NCIgeDI9IjcuMzk5OSIgeTI9IjIuNDI1NDQiIGdyYWRpZW50VW5pdHM9InVzZXJTcGFjZU9uVXNlIj4KPHN0b3Agc3RvcC1jb2xvcj0iIzdBN0E3QSIgc3RvcC1vcGFjaXR5PSIwIi8+CjxzdG9wIG9mZnNldD0iMSIgc3RvcC1jb2xvcj0iIzdBN0E3QSIgc3RvcC1vcGFjaXR5PSIwLjUiLz4KPC9saW5lYXJHcmFkaWVudD4KPGxpbmVhckdyYWRpZW50IGlkPSJwYWludDFfbGluZWFyXzIyMDBfNDg2NiIgeDE9IjIwIiB5MT0iMjUuNTI1NCIgeDI9IjIwIiB5Mj0iMi40MjU0NCIgZ3JhZGllbnRVbml0cz0idXNlclNwYWNlT25Vc2UiPgo8c3RvcCBzdG9wLWNvbG9yPSIjN0E3QTdBIi8+CjxzdG9wIG9mZnNldD0iMSIgc3RvcC1jb2xvcj0iIzdBN0E3QSIgc3RvcC1vcGFjaXR5PSIwLjUiLz4KPC9saW5lYXJHcmFkaWVudD4KPGxpbmVhckdyYWRpZW50IGlkPSJwYWludDJfbGluZWFyXzIyMDBfNDg2NiIgeDE9IjEzLjAwMDEiIHkxPSIyNC4xMjUzIiB4Mj0iMTQuNDAwMSIgeTI9IjI0LjEyNTMiIGdyYWRpZW50VW5pdHM9InVzZXJTcGFjZU9uVXNlIj4KPHN0b3Agc3RvcC1jb2xvcj0iIzdBN0E3QSIvPgo8c3RvcCBvZmZzZXQ9IjEiIHN0b3AtY29sb3I9IiM3QTdBN0EiIHN0b3Atb3BhY2l0eT0iMCIvPgo8L2xpbmVhckdyYWRpZW50Pgo8L2RlZnM+Cjwvc3ZnPgo=)