Not only bitcoin, but also the capital market.
Last night, the US non-farm payrolls data was released in February, far exceeding the expected increase of 654.38+0.82 million. The market believes that this may be the key to the future economic recovery and policy changes in the United States.
Affected by this good news, the yield of 10-year US bonds once jumped above 1.62%, and then gradually fell back. The three major stock index futures of US stocks rose across the board, and gold rebounded.
Bitcoin linkage. . .
In fact, at the micro level, Bitcoin has not yet reached the level of being particularly sensitive to macro news. The reason for the start of linkage is entirely an excuse for Bo's rebounding funds to be eager for success.
From the experience of the past few years, the impact of macro news on Bitcoin only affects the macro level and does not involve the micro level.
What is the macro level?
For example, in 2020, the M2 of the United States increased by 60%+ since 2009, the balance sheet of the Federal Reserve has expanded by 622%, but the total GDP growth of the United States during this period is only 33. 12%.
In other words, the Fed's money has almost doubled, while GDP has only increased by one third. The extra money has triggered global inflation through various transmission channels.
Since 2009,
This is a year in which BTC has increased by 10 million times.
The above is the macro level.
At the micro level of BTC market, we either watch the news or the quantity.
Before the creation of land volume, any rise is a false rebound, and any decline is a false decline.
In the past week, the volume of bitcoin has always maintained a relatively normal state, with no obvious shrinkage, and fluctuated along the upper line of the MA20 moving average, which requires morphological adjustment.
So the shock period will not be too short.
A few days ago, we always said that the shock period would take a week.
Judging from today's disk, it is estimated that it will take at least 4 days.
The trend market will only last for 4 days, and it may be longer after 4 days. Anyway, the high probability will not be within 4 days unless it is seriously reduced.
During the shock, the only thing we can do is not to forget your initiative, know who he is, why he is speculating coins, where BTC is going, and so on. Otherwise, he is chasing up and down during the shock period, and the big bull market is coming and the bullets are gone.
# Ou Yi OKEx# # digital currency # # Bitcoin [Chaohua] #