Bitcoin Market Analysis (January 4, 2022)

[Review yesterday] The holiday is over and the new year has begun. We should try our best to look at money, say goodbye to everything in the past, strive to embrace the present, and look forward to the future. Therefore, we also advocated that everyone should summarize themselves carefully and put good Keep it, and discard the bad ones, so that you can continue to accumulate experience and mix in the financial circle. If you don't find the right way, it will be a difficult thing.

I didn’t pay attention to the currency circle all day yesterday, but I went home and read the news at night. It gave me the feeling that a lot of things could not keep up. There are new things in this circle every day, and it is constantly iterating every day. I hope everyone It is best to continue to pay attention every day, otherwise it will be easy to be eliminated by this circle. For example, I used twitter, telegram group, and WeChat group to inform everyone to go to cliam to check ZORB's ball NFT, because this project has something to do with Coinbase, so I decided to send it out. The only cost at that time was the gas fee. This project is about to be airdropped to ZORB. I have calculated it. If the highest point is released, it will be about 20x of the gas cost. I know it's too late, so it will be released by 10x. The first time information is extremely critical. , we should all keep an eye on it.

Antoni Trenchev, co-founder and managing partner of cryptocurrency lender Nexo, said that by mid-2022, Bitcoin could rise further and surge to $100,000. The company claims to be the largest lender in the digital finance industry, having issued more than $6 billion in credit and managing assets for more than 2.5 million users worldwide.

Former US First Lady Melania Trump tweeted to commemorate the 13th anniversary of Bitcoin's birth, emphasizing that the market value of Bitcoin exceeds $1 trillion. Previously, former U.S. President Donald Trump called Bitcoin a “scam against the U.S. dollar.”

Sooner or later, Bitcoin will exceed 100,000 US dollars, but it is only a matter of time. We have also analyzed the issue of cycles before. Maybe the market will not have a clear 2-year cycle of bulls and bears, because the market volume is getting bigger and bigger. There are different ways of playing in each period. Different ways of playing will accelerate the attraction of market traffic. These traffic will further bring confidence to the macro market and further attract traffic from outside the circle to enter the attention. This may be a phenomenon for a long time in the future. Of course, if there is a global financial crisis that leads to a prolonged economic depression, that's another story, because it's no longer an industry issue.

The AAVE community proposes to deploy V3 on the Ethereum scaling solution StarkNet. The NFT public chain Efinity won Polkadot’s sixth parachain slot auction, and the current DOT slot auction seems to have been ignored. Sandbox co-founder plans to migrate to Polygon in 2022. YGG has announced that it will launch the subDAO token this year.

The total transaction volume of the "Bored Ape Yacht Club NFT" project has exceeded 1 billion US dollars, the market value is 647.35 million US dollars, and the current floor price is 71.5 ETH. However, Lil Baby Ape Club, the little monkey version of Boring Ape, is still very cheap, with a floor price of about 0.15. I don’t know if it can be discovered by the market. I think it can continue to pay attention.

[Bitcoin market analysis] In the past year, it seems that Bitcoin will be extremely disappointing most of the time. I said in the summary report article about the later period. Interested students, you can go to my mirror. .

This holiday season, Bitcoin is very disappointing to me. The 4-hour level has obviously been supported more than 7 times, but the market does not seem to pay, and we have to continue to test and confirm the bottom. Before the holiday, I said that the 47,000 area is more critical. After that, it is still the same sentence. If the position of 45500 can be held, it will be fine, but if it cannot hold, it will continue to fall and test, and the magnitude may be larger.

At the 4-hour level, the lower support is near 45500. If it falls below effectively, the range of 42000 and 40000 will be seen below, and the upper resistance will be 48200 and 51000.

[Risk Reminder] Digital assets fluctuate greatly and the risks are extremely high. Please participate with caution, put an end to the full-cow stud, and refuse loan leverage.