Changsujiecoin: 3.14 How to get rid of the short position of Bitcoin, we will see $62,000 in the market outlook
The U.S. Commodity Futures Trading Commission (CFTC) is investigating cryptocurrency exchange Binance for allowing Americans to place bets in violation of U.S. rules. The CFTC is investigating whether the firm allows U.S. residents to trade derivatives it regulates. The company is not registered with the CFTC. But Binance has not been accused of wrongdoing, and the investigation may not lead to any enforcement action. The CFTC considers virtual currencies such as bitcoin and ether a commodity and has jurisdiction over their futures and other derivatives. This means that if Americans trade on a crypto platform, no matter where the exchange is located, the crypto platform will face strict customer protection and regulatory requirements.
Michael Sonnenshein, chief executive of Greyscale Investments, the largest bitcoin trust, said on Friday that the firm would be interested in launching a bitcoin ETF if U.S. authorities approve such a product. "When we get a signal that they might be more comfortable and we see some elements in the market that have matured, we will continue to seek to engage in those discussions," he said. The response has been positive, as we've not only launched more products, but we're also looking at offering additional product structures. So we certainly want to make sure we can continue to stay ahead of investor demand." He also said that Grayscale "believes in the Bitcoin ETF It will be welcomed by the investment community." "Given the popularity of ETFs, investors are now obviously very familiar with this product structure, and it is widely used in all different types of investor portfolios."
—————————Bitcoin technical analysis
Today, MicroStrategy said it bought another $15 million worth of bitcoin, bringing the company's total holdings to 91,326 bitcoins, worth about $5.26 billion. The total purchase price is about 2.211 billion U.S. dollars, and the average price is about 24,214 U.S. dollars per bitcoin.
After the end of the 7-day daily Bitcoin line, it once again broke through the previous high and reached a price of around 60,170 US dollars. In fact, it is reasonable for Chang Su himself to break through the new high. The economy will start to reverse in the second quarter, MicroStrategy bought 262 bitcoins again, worth $15 million The U.S. government began to distribute the first batch of $1,400 grants under the Biden epidemic relief bill on Friday. Receive money within the weekend. This is the third time in less than a year that the U.S. government has sent money directly to the people. Following the various actions of the United States, the price of Bitcoin will continue to break through new highs. In the content of the just-concluded two sessions, the 14th Five-Year Plan for National Economic and Social Development of the People's Republic of China and the 2035 The outline of long-term goals for the year was officially released. In terms of blockchain technology, the outline shows: to promote blockchain technology innovations such as smart contracts, consensus algorithms, encryption algorithms, and distributed systems, and to develop blockchain service platforms and blockchain services with alliance chains as the focus. Application solutions in financial technology, supply chain management, government services and other fields to improve the supervision mechanism.
And March 13: Members of the French Congress signed a petition urging the central bank to buy bitcoin, which means that in the eyes of government officials in western developed countries like France, bitcoin already has the conditions to become a central bank reserve asset, and the price of bitcoin must be affected If the influence of this aspect is eliminated, then the global influence of Bitcoin will continue to rise, and the restart of Bitcoin’s bull market will also increase the value of Bitcoin again. After breaking through 60,000 US dollars, it will continue to be Seeing the $70,000 target even hit $80,000. Chang Su himself suggested that Bitcoin holders should continue to maintain the low-level long-term goal patiently, and the upper space will become larger and larger.
Look at the market price chart at 1:00 am on March 13. Bitcoin started to fall from $58,000 and was supported near the lower Bollinger Band price. It began to rebound continuously and broke through the suppression of the upper Bollinger Band to reach 60,000. Above the U.S. dollar mark, while the 1-hour Bollinger Band upper track has opened up, while the kdj indicator maintains the 100-axis overbought value price, and the dif indicator fast and slow line crosses upwards to drive the macd red energy to increase 5 times in a row, from Bitcoin in the past 48 hours From time to time, we can see that Bitcoin has repeatedly tested and lured empty space, and finally it was supported near the lower track price of the Bollinger Bands and began to rebound upwards.
However, Chang Su himself recently gave the direction based on the principle of long positions at low positions. After all, technical indicators are not deceiving. Both the technical and the news are telling the team leader that Bitcoin will break through new highs. Look at the 12-hour trend chart of the big cycle. Since March 5, when it was sold and broke through and rose near the middle rail price of the Bollinger Bands, it has not looked back again. It has continued to collect 13 consecutive suns, and the pressure on the upper rail of the Bollinger Bands has begun to open up, and the dif indicator The crossing of the fast and slow lines drives up the macd red energy to continue to increase. On the whole, the bullish trend of Bitcoin is still relatively strong, so in the later period, the operation idea of Bitcoin will continue to be retracement and do more. Once Bitcoin continues to break through new highs, it will be There will not be too much possibility of a pullback, and it will only continue to rise and break through.
From 1:00 am to 18:00 pm on March 14th, the Bitcoin operation recommends long positions at $59,000, retracement at $58,300 to cover positions, and long-term targets at $59,900 to $60,200. Continue to look at $61,000 to $61,800. Stop loss 58000. The strategy can only be used once and cannot be used repeatedly.
From the daily market price chart, Ethereum began to continue to rise after receiving a negative line, and the kdj indicator kept running above the 100-axis price value, while the dif indicator's fast and slow lines crossed upwards to drive the macd red energy to continue to rise. Look at the week Line Chart Ethereum has basically recovered the decline from February 22nd to $600 in a single week, so Ethereum will usher in a key point in the next week in terms of the continuous good news from various Western countries. Well, break through $2,000 and break through again after a test fall. $2100 or even $2200 is not a stretch. Looking at the short-term fluctuation market price chart of Ethereum, Ethereum fell back from the price of 1786 US dollars by 50 US dollars and then began to rebound upwards. Around this price, Ethereum has tried 3 times in a row and finally did not usher in a decline, so why is this price repeated many times? Not breaking the position is actually very simple to understand. After all, this price is supported by the lower track of the 4-hour Bollinger Band, and the green energy of the dif indicator begins to decrease, while the cross of the fast and slow lines of the dif indicator drives the red energy to rise, and the kdj indicator starts a golden cross near the 0 axis. run upwards, then comprehensively look at
Ethereum still continues to be bullish and falling back is an opportunity to go long. Looking at the 3-hour market trend chart, Ethereum is running upwards from the bottom of the Bollinger Bands, and a big sun directly breaks through the suppression of the price on the upper track of the Bollinger Bands, and the fast and slow line of the dif indicator crosses to drive upwards The red energy of macd continues to spread in large quantities, and it depends on whether Ethereum can stand firm at the $2,000 mark on March 14. After breaking through $2,000, you can consider taking a short shot, and you can only take advantage of the trend if you break through and stand firm.
From 1:00 am to 18:00 pm on March 14th: Ethereum: Go long at $1,842, retrace at $1,808 to cover positions, long target is $1,890 to $1,920, stop loss at $1,780. A strategy can only be used once and cannot be reused.
