5.19 morning market: market volatility is huge, why are dealers confident?

BTC fell suddenly and rapidly yesterday, falling from 9800 to below 9500 in a short period of time. Fortunately, the market did not continue to deteriorate and is currently stable around 9700. We can see that there is no deviation in the direction of the current overall market. The main problem in the near future is the increase in volatility. We can say that the power of the long-short game above 9000 has become more balanced, and the competition is more fierce. But in fact We should also know that these violent fluctuations are very likely to be caused by the dealer's two-way burst contract operation

Data: The number of Bitcoin Lightning Network nodes is 31,541, a year-on-year increase of 5.1%: Jinse Finance reported that 1ML website data shows that the number of Bitcoin Lightning Network (Lightning Network) nodes is 31,541, a year-on-year increase of 5.1%; the number of channels is 82,879, A year-on-year increase of 3.0%; the network capacity is 3305.25 BTC, a year-on-year increase of 3%. [2021/12/12 7:33:16]

Here, we have to admire the dealer's understanding of the market, because several washes above 9000 have little impact on market sentiment. At the current position, even if retail investors are washed, they will not give up lightly. For investors, as long as it breaks through 10,000, it means that they have crossed a natural barrier, and a higher position is just around the corner. For bearish investors, the current position is the highest level since this year, and as long as the rise does not break the year's high level, they can go short at will.

ZEC breaks through the $100 mark with an intraday increase of 15.18%: According to data from Huobi Global, ZEC rose in the short term and broke through the $100 mark. It is now reported at $100.02, with an intraday increase of 15.18%. The market fluctuates greatly, so please do a good job in risk control. [2021/1/12 15:58:33]

For us, as long as it is above 9200, it is more reasonable to sell high and buy low within the day. A pullback is a good time to go long at a low position. The main reason is to control the position. The position should not be too high before the official breakthrough. Backtesting the probability of 9500 support, the upper pressure level is still $10,000.

ETC fell below the $5.1 mark with an intraday drop of 1.07%: data from Huobi Global shows that ETC fell short-term and fell below the $5.1 mark, and is now at $5.0991, with an intraday drop of 1.07%. The market fluctuates greatly, please do a good job in risk control . [2020/9/7]

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Author: Block Gold Digger Misty Rain

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Bitcoin