Thursday, June 4, 2020

From $10367 to $9500, we are always looking for reasons for Bitcoin’s ups and downs

In the early hours of June 2nd, Beijing time, Bitcoin jumped up, the amplitude reached 8.69%, and once reached 10367.3 US dollars. The market enthusiasm was instantly ignited.

There are countless transactions in the spot market, almost changing this week’s “dead”, Coinbase “under normal circumstances” under the siege of investors.

After the air force exploded, many military explosions

Compared with the spot market, the contract market, as always, has disappeared in the smoke. As of press time, the long position was 371 million US dollars, and the short position was 354 million US dollars. Both of them opened at 55. This morning, the short position was 344 million US dollars, accounting for 97% of the total.

This shows that during the rise of bitcoin, many investors believe that bitcoin will continue to rise, and more open orders than open orders. However, the ideal is very full, the reality is too skinny, one day’s ups and downs, bitcoin did not rise and fall, and neither the army nor the air force won.

Who really won?

Is it the downtime Coinbase, or the promoters behind it?

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This morning, Bitcoin rushed to 10,000 US dollars, and countless big V, analysts, and experienced experts jumped out to guide the operation and explain the reason for the rise of Bitcoin. Most analysts spoke, optimistic about Bitcoin, thinking that Bitcoin will not fall again if it breaks 10,000 US dollars, and 10,000 US dollars is the new fulcrum.

Is this really the case?

Various excuses for ups and downs
In combination with reality, many people believe that the protests and marches in the United States have caused Bitcoin and gold to rise rapidly.

This reminds me of two very similar incidents, the US-Iran conflict (US sanctions against Iran, Iran’s military defense), and the oil price crisis (OPEC, Russia, and US tripartite game). These two incidents are sudden and accidental. One can anticipate how the situation will develop. Bitcoin and gold are instigating a sharp rise and a rapid decline, and finally the situation is contained.

American parade, British parade, New Zealand parade, Japanese parade, Australian parade… In the end, parades erupt in the world. Parade return to parade does not necessarily affect the circulation of stock markets, funds, and currency markets. The operation of capital markets does not rely on these pushes.

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New York is the world’s four largest financial centers, and US stocks have maintained an upward trend in 7 consecutive days of demonstrations and continuous epidemics, indicating that capitalists’ hearts are much stronger than ours, and the global epidemic cannot stop US stocks, not to mention a parade (the United States has almost Every year there was a march due to black prejudice, but their situation has not changed so far).

The so-called “American President Donald Trump mobilizes local police and National Guard to disperse protesters”, “American police still violently enforce laws to disperse protesters”, “guns and helicopters continue to be near the White House” As a reason for Bitcoin’s rise.

The parade took place as early as 7 days ago, why is Bitcoin rising now? Why did bitcoin fall back to its original appearance within a day, did the parade end? Is the epidemic over?
No, not at all.
There are two reasons for the rise of Bitcoin. One is that the market needs a message to inspire, everyone is the promoter; second, the promoters are responsible for pushing.

Bitcoin day trip, who won? The retail investors won, and did not. Those who bought bitcoin were either locked or cut; the contract won and the shorts exploded and the longs exploded.

However, the winner has gone far, leaving us to discuss, what impact will bitcoin have today?



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