Cyning7

Cyning7

Bitcoin has eight consecutive negative lines on the weekly line, and the long and short are waiting to break through Last week, U.S. stocks hit a new weekly low, reaching seven consecutive negative lines Eight consecutive negative lines recorded in the 1970s and 2002 Emerging market stocks generally rebounded, European stocks fluctuated Bitcoin fluctuated with...

Cyning7

Some thoughts on Bitcoin’s recent periodical bottoms: <1>. Policy window period <2>. Multi-currency mid-level bottom entanglement signal linkage <3>. The second exploration has no heavy volume , and the intensive transaction area near 30k <4>. The S&P suffered the biggest drop in two years yesterday, and Bitcoin was relatively resistant to decline <5>. Leeks are...

Cyning7

The U.S. just announced the monthly rate of retail sales in April, recording 0.9% It hit a new high since January this year, in line with expectations; The previous value was revised up from 0.5% to 0.7% After the data was released, the market fluctuated little in the short-term Consumers will shift from goods to services such as travel and entertainment Demand...

Cyning7

Nasdaq stopped falling near 11100 last week Just hit the moon line MA42 This moving average was previously mentioned when analyzing the S&P 500 It's a variant of the Moonline MA84, but it's far from the bottom here Back to Bitcoin: <1> The angle of entanglement: it is currently in the divergence section at the weekly level; <2> Volume and price point of...