The world is bustling, all for profit; the world is bustling, all for profit to go! Hello everyone, I am your friend Lao Cui who talks about coins, focusing on digital currency market analysis, striving to convey the most valuable market information to the vast number of coin friends. Welcome everyone's attention and likes, and reject any market smoke bombs!

Often, users only find Lao Cui after the market has moved. It seems that everyone does not pay attention to the preliminary reminders. Those who always emphasize that long positions are not profitable should not easily try short positions, as a large number of users are still trapped. Originally, I did not plan to spend energy on this article today, as the users I am currently leading are already quite saturated, and I feel a deep sense of fatigue. As more and more users come to inquire about the market, I will still explain the future trends in detail today. In this round of rising, the first opportunities that emerged were the two interest rate cuts. Secondly, you can pay attention to the 20th, not only the arrival of this favorable news of interest rate cuts. It was also accompanied by the International Monetary Fund (IMF) announcing that it would officially include Bitcoin in the "Balance of Payments and International Investment Position Manual," which once again gave Bitcoin endorsement from an international official organization. At the same time, the North Carolina Senate has proposed to allocate 10% of public funds to Bitcoin to build a strategic reserve and incorporate cryptocurrency into financial strategies.

These favorable news have driven Bitcoin to rise again, reaching a new high of 88752, and the current stage has already begun to correct. Speaking of the financial market, the recent performance of the gold market has been very prominent, and many friends are also asking Lao Cui whether gold can still be held. To put it bluntly, gold has always been the largest mainstay in the financial market. When you feel confused about the investment types, investing in gold is always the right thing to do. Don't think that the current value is too high. At the beginning of the year, when it was rumored that the Russia-Ukraine war might end and affect gold prices, I also had similar thoughts. However, looking at the current outcome, there was a misjudgment at that time. If you want to view the gold market from a long-term perspective, then this market can be held at any time. The latest prediction is that gold will reach around 3100 this year, and Lao Cui's view is the same; due to the U.S. dominance over financial controls on Russia, including Europe's freezing of Russian assets, it has directly led to a surge in gold prices, with a large amount of U.S. debt being sold off, which can be said to have redefined the essential demand for gold. Since central banks around the world have been crazily holding gold recently, the status of the U.S. dollar has begun to decline.

Currently, the gold market has become the primary investment target for major investment institutions and central banks around the world, which is the battleground for capital competition. However, this is not very good news for the cryptocurrency circle, as it can be said that the gold market has diverted too much capital. This leads to the cryptocurrency market only being able to have short-term rebounds, and in comparison, the upward space for Bitcoin in this wave is not large, making it increasingly difficult to compete at the 90,000 mark. Compared to last year's trend, where it rose by 10,000 points overnight, the issue of Bitcoin's high point is still extremely difficult. Lao Cui's target for this year's new high has not changed, which is within the range of 120,000 to 150,000. In the past two days, stimulated by various favorable news, it can also be seen that the rebound strength for small coins is not strong. Most coins will recover very quickly after the rebound. The inability of Bitcoin to stabilize at high points also means that other coins cannot reach new highs, and the form of spikes will become less and less. In this wave of trends, although Bitcoin touched the 88752 position, the correction to below 87000 occurred within half an hour. Lao Cui may find a way to intervene in this short position. You can also consider entering a short position, which is the logic I mentioned earlier about entering short positions after a rebound. A short-term rebound does not mean a return to the right track. The three major bull market factors have not yet been met, so those with short positions need not worry too much; the short-term upward space will not be too high.

After discussing the news, many friends still hope that Lao Cui can talk about K-line knowledge. Today, I will briefly mention it. From the perspective of K-lines, especially the feedback in the daily line, it seems that the market has bottomed out and shows signs of reversal. The low point at 76560 may not be touched again. The MACD shows signs of a golden cross, and the seven-day moving average has approached 85. In the short-term daily line, the MACD performance is mainly bullish. In the KDJ three lines, the KD values are still in a normal range, with only the J line showing signs of being oversold. The RSI values are also relatively normal, all within a normal range. The Bollinger Bands show signs of convergence, which is somewhat similar to the J line indications in KDJ. After narrowing, it is likely to welcome a short-term correction. What this linear aspect shows is a market that is correcting after a rise, which means that from a technical perspective, today's market will likely focus on correction and will not reach new highs. At the same time, it indicates that the short-term outlook should be bearish. Combining the capital aspect, Bitcoin has just escaped 122 million today, and the outflow in the past thirty days has reached 1.823 billion. The mid-term perspective is still in a bearish range. It can be basically confirmed that this wave of rising does not belong to a reversal signal and has almost reached its peak. Especially after last night's wave of adjustments, it completely wiped out the bulls again. The strength of today's correction may determine the depth of future growth. It depends on whether Bitcoin can stabilize at the 87500 mark today. If it cannot stabilize, the market may decline again; if it stabilizes, it may challenge a short-term new high again.

Lao Cui's summary: Based on the recent trends, we are currently in a fluctuating market. Thanks to various favorable news in the short term, the support for coin prices has not declined. However, short-term favorable news cannot change the fact of capital gaps. From a mid-term perspective, on a monthly basis, there will definitely be another wave of new lows before June. Recently, it can be seen that many giants have chosen to enter the market to buy the dip, often with fluctuations of over a billion, so for spot trading, keeping up with the trend is currently the best choice. Users trading contracts should not be misled by short-term rebounds. Although many friends have chosen long positions to cope with the situation recently, Lao Cui is only worried that once the market reverses, everyone will definitely incur losses on profits, or even lose all their principal. The trend of the rebound is still particularly fierce; do not be too greedy, as the reversal will come quickly. At this stage, Bitcoin does not see space above 95000, but can see the distance near 75000. Specifically, the best points are that as long as Ethereum stabilizes at the 2000 mark and Bitcoin at the 85000 mark, it will challenge a short-term new high later. However, as soon as it touches a new high, a market reversal will occur. Similarly, if today it cannot stabilize at these two key points, with the weekend approaching, it may also signal the end of this wave of bulls. Therefore, today's points are extremely important. The current trend is generally optimistic among giants, but retail investors are relatively weak, so the trends in the Asian and European markets are completely opposite. It is not just us who are suffering; the giants are also suffering, and this state will not last long. Everyone must manage risks well.

Original creation by WeChat Official Account: Lao Cui Talks About Coins. For assistance, please contact directly.

Lao Cui's message: Investing is like playing chess; a master can see five, seven, or even more than ten steps ahead, while a novice can only see two or three steps. The master considers the overall situation and strategizes, not focusing on one piece or one territory, aiming for the ultimate victory, while the novice fights for every inch, frequently switching between long and short positions, only competing for short-term gains, resulting in frequent troubles.

This material is for learning reference only and does not constitute trading advice. Trading based on this is at your own risk!

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