Bitcoin Market Analysis (April 2, 2022)

[Review yesterday] Today, let's review the past three months. The market has retraced since January. At that time, we clearly gave a few points. The first point is that the bull market has not ended. Since May last year, in fact, The bull market cycle has changed. The previous bull market cycle was every two or four years, with two years of bears and two years of bulls. This historical cycle trend has been deeply imprinted in the hearts of every crypto person, but since May last year In the beginning, such a rhythm was broken by the huge market, and many people had not yet reacted. Then we made it clear that without such long-term bulls and bears, the crypto market would experience short-cycle corrections and then continue to bullish. The second point of view is that March this year will be more difficult. After March, the market outlook is still relatively optimistic. At that time, we also thought that something would happen in March, but we didn’t know what happened, but one thing is true, and that is the Federal Reserve. The rate hike was unexpected. The outbreak of the Russian-Ukrainian war in mid-February led to a decline in U.S. stocks. The cryptocurrency market continued to decline following the U.S. stock market. The reason for the view that the market stabilized and rebounded in the middle of the month is also very simple. The things we worried about in March were realized ahead of schedule, that is to say, the bad news was digested by the market in advance, so it will be good after the Fed raises interest rates, no doubt. The third point of view, let everyone focus on GameFi, the reason is also very simple, if last year's wave of GameFi was carried away by the bull market hype, then this year's GAmeFi will be cashed out with products, so under this situation, The products of some large projects will be launched slowly, and after they are launched, more players will enter the industry, which will continue to drive the encryption market.

The above is the pre-judgment rhythm of the past three months. These pre-judgments will be reflected in the daily morning newspaper and nightly articles, so if you reduce your holdings carefully, I believe that you will receive more or less goods. Every day's hard work is presented to everyone for free, so I hope you can take the initiative to forward and like it after reading it to help spread the word.

I have repeatedly said in the morning paper that April is the month of rebound, so after the rebound month, how do we view the market, how the broader market will go after May, and how the industry will develop as a whole, we will continue to publish in the following morning papers. , welcome everyone to pay more attention.

After talking about the rhythm of the past predictions, let's take a look at the Wall Street side. Goldman Sachs plans to start providing its clients with the first investment vehicles in Bitcoin and other cryptocurrencies in the second quarter of 2022. Goldman Sachs' ultimate goal is to introduce digital All-round support of assets, so Wall Street can’t sit still for a long time, the smartest people in the world want to run into the crypto market one after another, because they see the profit, they see the future trend, they also see this It's only early stages.

The CEO of Wall Street investment bank Cowen made it clear that customers have great demand for digital assets. These bosses who are fighting on the front line of Wall Street will perceive or capture sensitive market information at the first time. It turns out that there are a lot of high net worth users who want to enter this market. The circle, but there are some compliance issues, it is still difficult to enter the circle, but if these traditional financial institutions provide services, then it will be easy for them to enter this circle, and then the first thing to do is to buy Bitcoin.

The Bitcoin Lightning Network is currently developing and growing. Currently, the number of Bitcoins locked in the channel is 3,650.54, worth $170 million. Then, in the past two days, Kraken officially announced its support for the Bitcoin Lightning Network, which is open to all customers. With the support of the exchange, I believe that the development of the Bitcoin Lightning Network will be more rapid. The development of the main Lightning Network will lay a very solid foundation for the subsequent development of Bitcoin, and the impact on the market outlook is unimaginable.

Recently, I have been talking about GameFi on Twitter, because it is the trend of GameFi now, so I advise everyone to focus on GameFi on Binance, you will find a big surprise. Alright, that's all for today, and if there is a better follow-up project or code, I'll tweet it.

[Bitcoin market analysis] Bitcoin has nothing to analyze for the time being. The short-term level adjustment has led to the opportunity for the violent pull of the cottage, so in this case, you might as well focus on the cottage first.

At present, the trend of Bitcoin is still healthy and there is no sign of deterioration. At the 4-hour level, the lower support is near 45000. If it falls below 45000 effectively, then the strong support below is around 43000.

[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.