In the live broadcast of Sanqian Community, the financial reporting season hits geopolitical risks, and BTC is in a dilemma of up and down
Click on the link to enter the meeting: https://meeting.tencent.com/dm/L1CrUCgvqNKE Brothers, tonight at 10 o'clock, start broadcasting on time. Today's market has only two words - volatility. BTC is currently trading sideways at the mid line support of 65800, and is currently experiencing a pullback from yesterday's gains during the day. The suppression of the 67000 level above is extremely strong, and multiple attempts to rise have failed to effectively break through and stabilize. The support of the 65800 line below is temporarily held, and the long short game has entered a white hot stage. The overall market has slightly increased by 1.35% in 24 hours, with a slight rebound in the market but a serious lack of offensive power. The trend of ETH is relatively stable, currently around 1916, with a slight increase of 0.06% in 24 hours and minimal intraday fluctuations. In the past week, mainstream currencies have shown significant differentiation, while ETH has maintained resilience against downturns, outperforming most altcoins. However, the four hour level trend continues to consolidate horizontally, with a continuous decline in volume and a lack of clear breakthrough direction in the short term, resulting in a clear pattern of volatility and washout. The reason why the current market is caught in a repeated tug of war is due to the continuous hedging game between the two core forces On the bearish side: The geopolitical conflict between the United States and Iran continues to escalate, the confrontational situation has not cooled down, and global risk aversion continues to spread. The sustained high operation of international oil prices has hindered the pace of inflation decline, directly suppressing expectations of loose monetary policy by the Federal Reserve. US Treasury yields remain at high levels, and market expectations for interest rate hikes to maintain stability are heating up, continuing to put pressure on cryptocurrency risk assets, with a strong sense of pressure at high levels. On the bullish side: Bitcoin spot ETFs continue to maintain a net inflow trend, and institutions' willingness to buy at the bottom has not subsided, completely ending the previous outflow wave. Mainstream institutions continue to attract funds at a low level, forming solid bottom support in the range of 64000-66000, providing strong bottoming momentum for the market. At the same time, the overall financial sentiment in the cryptocurrency market has rebounded, with a slight return of bottom fishing funds, greatly limiting the space for market correction. Tonight at 10 o'clock, we will focus on three things: 1、 The ongoing escalation of the US Iran conflict and the risk aversion driving the market, can the BTC 66000 level remain stable? Will it break through the upward trend or induce a bullish pullback in the future? 2、 The continuous net inflow of ETFs combined with institutional fundraising, whether the bottom support is thoroughly consolidated, and whether the current rebound market can continue? 3、 How to choose the short-term direction for ETH's high-level horizontal contraction and volatility, and how to layout the strength differentiation pattern of mainstream currencies in the future? Disclaimer: The above content only represents the author's personal opinion and is intended to assist investors in understanding information related to the capital market. It does not constitute any investment advice and does not represent the position or viewpoint of AiCoin. The market is risky and investments should be made with caution.
