Market Analysis on January 4, 2022
BTC appears to be very weak after closing the year line, and overall, it is still dominated by shocks around 45000–48000.
From the data point of view, the overall BTC flowed out of the exchanges. Some of them flowed into cex today, indicating that most people still hold currency and are not bearish. This means that there is at least a wave of rebound in the market.
Weekly, it has reached the support level, and there is no obvious trace of direct move. It is best to focus on the band.
Some time ago, we said that luna must stop profit when reaching 100. At present, it has slowly or dropped to around 85. If BTC continues to fall, and luna falls below 80 during the shock, it will be more cost-effective. As the near and one ecosystems begin to erupt, You need to pay attention to the new ecology, especially the public chain under cosmos.
As the parent chain of cosmos, Atom is the first to pull up against the trend, but atom is a well-known public chain, and the short-term band can be considered fast in and out between 36–45.
Recently, there has been a lot of discussion on the concept of domain names from luna to celo in the market. If the popularity of the sector really becomes a hot trend, then the leading ens will take the lead. Below 40 is more cost-effective. If it falls below 35, it will not be pulled back and consider stop loss.
Xcad has also released dex, with the help of good news, it has pulled up a wave, pay attention to see if it can fall back to below 7 again, you can consider intervening to wait for the market to break out
The above analysis is for reference only. There are risks in the currency market, and investment needs to be cautious.