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The price of BTC rose or fell by more than 2000 dollars over the weekend. Although it can't be completely determined, I think it has a lot to do with Besant's live interview with CNN. On Friday, after Moody's lowered the credit rating of the United States, Besant, who replaced Yellen, will come out to work. Because the downgrade mainly refers to the problem of American debt, Besant's answer is also very direct.
The U.S. economy will continue to grow stronger, and the growth rate of the U.S. GDP will continue to exceed the growth rate of debt. Especially after Trump's new tariffs were introduced, more and more countries have begun to give more preferential tariffs to the United States. After all, Trump has raised tariffs and also increased the income of the United States. Besant also emphasized that Trump's trip to the Middle East will bring US $2 trillion in committed investment, which will strengthen US employment and innovation. Besant's speech still resonated with some investors at the weekend, and it is also because of the low liquidity at the weekend that BTC entered a cycle of painting doors. But whether Besant's speech can play a substantial role, or whether American investors have digested the negative effects of Moody's downgrade, it is still up to us to return to Bitcoin According to the data, today's ups and downs did not bring much change. Although the turnover rate has slightly increased compared to Saturday, it is still at the normal level of the weekend. Whether it is due to Besant's speech or not, it did not bring too much reaction from market investors. The price change was driven by the low liquidity, rather than the narrative change of BTC itself, or the new positive or negative news in the market. Because the turnover rate is still very low, there have been no new changes to the previous support. After struggling for half a day, the support from $93000 to $98000 is still the strongest support at present. The chips around $82000 have already left, and it is estimated that in another week, these investors who should leave will also leave, and those who stay are likely to become long-term holders. However, investors around $102000 are still mainly short-term investors, and even if they accumulate a large amount of chips, it is difficult to form a support level in the short term.
Data from the past 12 hours shows that the main force sold large orders with a turnover of 535 million, far exceeding the 425 million for buying large orders. The main force had a net outflow of 110 million, with a buying and selling ratio of 1.26, indicating a clear bearish signal. Combined with the latest 1-hour cycle K-line, the trading volume surged by 103.49%, but the price fell, indicating that the main force of panic selling is in line with their short selling intention. The current KDJ has a dead cross and the indicators are diverging, further strengthening the downward trend. Although the price is above the EMA24/52 moving average, market sentiment has shown signs of weakness.
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Operation suggestion:
BTC 101200 long first target to watch 102500 second target to watch 103800
ETH 2330 long first target to see 2400 second target to see 2480
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Disclaimer: The above content only represents the author's personal opinion and is for communication and sharing purposes only. It does not represent the position or viewpoint of AiCoin and does not constitute any investment advice. Based on this investment, there may be external contacts, which have nothing to do with AiCoin, and the consequences shall be borne by oneself.
