CoinNess analyst: BTC is short-term bullish, "model currency" has reached the escape period

The digital currency market seems to be in a big downturn at the moment, but it should be looked at separately. First of all, since the BTC broke through $4,200, the volume has soared. Zhuang has no obvious signs of shipment. The big drop yesterday can still be seen as a wide-ranging consolidation (high of $5,407 and low of $4,920). This kind of similar market can refer to February 24, when the BTC hit a shock for several days, the high touched $4,200, and dropped to $3,667 in the evening, and then continued to attack. But this time the $6,000 mark is far from comparable to $4,200, and the breakthrough in one fell swoop may not be too big, so it doesn't have to be too optimistic.

In the near term, although the number of GT subscriptions has dropped and the market has plummeted, today's GT subscription funds still have 410 million US dollars. This situation continues until after 14:00 this week, the funds will gradually begin to return to the mainstream currency, which will give The rise in the price of coins creates kinetic energy.

In addition, data released by the People's Bank of China today showed that China's social melt rebounded to 2.86 trillion in March, far exceeding expectations, while M2 growth reached a 13-month high. This news will have long-term positive effects on Bitcoin's “deflation economy”. At the same time, this will increase investor risk appetite. If there is further conduction effect on the stock market on Monday, then the possibility of a sharp rebound in the encryption market under the leadership of BTC will be Further increase.

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The “model currency” or “fund currency” that emerged in the recent currency circle represents the final escape period. First of all, the "model currency" has a higher rate of increase, which is already at high risk, and the coins that are difficult to land will be eliminated sooner or later. At the same time, the Economic Information Daily reported that the person in charge of the relevant department of the China Insurance Regulatory Commission said that the inter-ministerial joint meeting on illegal fund-raising had officially launched a national illegal fund-raising risk for three months (April 1 to June 30, 2019). Check out remediation activities. In the "Notice" issued, "financial mutual assistance" and "virtual currency" are also included in the investigation. At the same time, the net message, the fire currency or will be reorganized against the model currency in the exchange. In addition, the high-quality projects endorsed by the exchanges have emerged, attracting attention from stock funds. It can be said that the fall of this round of BTC rebound will also cause a large number of air coins to begin to zero.

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