Bitcoin hits a new high, Coinbase goes public, sector rotation recommends investors to pay attention to MATIC to expand benefits
The countdown to the listing of Coinbase, the listing reference price is 250 US dollars, and the valuation is 65.3 billion US dollars. Bitcoin and Ethereum have reached new highs to celebrate the listing of the first exchange in the digital currency field and go to the world. What Happens After Bitcoin Hit New Highs? The top indicator of the PI cycle is triggered, is the Bitcoin bull market over?
Today's point of view
Long-term rating: Overweight
Short Cycle Rating:
Bitcoin accumulation
Accumulation of small-cap cryptocurrencies
Today's point of view
As we expected, Bitcoin hit a record high yesterday, and it is currently standing above the upward channel, and a confirmation was made at the 1-hour level. We expect Bitcoin to continue to rise today and break through new highs.
Bitcoin’s market value ratio rose rapidly yesterday when Bitcoin was launched, but the subsequent increase in Bitcoin slowed down. On the contrary, the mainstream cryptocurrency sector rose rapidly, and the old cryptocurrency we are optimistic about leads the market. The rise of Bitcoin did not trigger a blood-sucking effect. The top indicator of the PI cycle was triggered yesterday. Historically, the market will reach the top 3 days after the indicator is triggered.
We have shared in the previous content why we believe that this indicator will be falsified, but some investors in the market still value the validity of this indicator. It is expected that Bitcoin may be under pressure within 3 days, but then as The falsification of the model will rise rapidly.
We remind investors to shift their attention from cryptocurrencies such as BNB and XRP, which have had better gains during the consolidation period of Bitcoin, to other sectors waiting to make up for the increase.
We expect that there will be greater opportunities in the small and medium-sized market capitalization sector. Investors can pay attention to the leading cryptocurrencies that have undergone a 50% or more correction during the upward process. While referring to the US dollar trading pair, you should pay attention to the Bitcoin and Ethereum trading pairs at the same time. It is only meaningful to swap positions if you believe that a certain cryptocurrency will outperform Bitcoin and Ethereum at a certain stage.
According to the bull market control principle we released last week, we selected some high-quality cryptocurrencies for layout. Compared with Ethereum and Bitcoin, MATIC has achieved breakthroughs. In the US dollar standard, MATIC has helped our investors obtain more than 22% gain.
Investors should continue to pay attention to the COINBASE listing tonight. We expect the IPO COINBASE to open higher on the first day. While considering the value of COINBASE, investors should also consider the dual attributes of BNB—that is, the digital currency exchange and the BSC public chain.
The value of BNB includes two layers of value. We need to observe the pursuit of COINBASE by Wall Street investors.
In terms of financial markets, we see that the S&P index continues to hit record highs, which means that investors are extremely optimistic about the macro environment and future expectations. Our research team will continue to monitor important macro data and risks, and will timely report to investors warning. Now, after Bitcoin has just broken through, we expect that Bitcoin will go out of the independent market, and the impact of external financial markets on Bitcoin will be minimized.
