[시황] Bitcoin $520,000 will be destroyed… next resistance?

[출처: 두나무]

The US Dow Index hit a new high. S&P remained weak, NASDAQ fell, and the US stock market was generally mixed. When Warren Buffett’s Berkshire shareholdings revealed to the SEC revealed that Verizon and Chevron increased significantly, the stock prices of the two companies rose sharply. Meanwhile, retail sales in January rose 5.3% from the previous month. It seems to be due to the effect of the $600 disaster subsidy. The minutes of the FOMC meeting were also released. Yeon-eun said that he would postpone tapering until the point of full employment as there is not much concern about inflation. Treasury bond yields declined, but the burden of long-term bonds remained weak and technology stocks weakened.

Gold prices fell due to rising long-term government bond yields. Oil prices showed an uptrend as supply and demand deteriorated.

Corona Tsui has paid WHO a $200 million dues, which had been suspended by Trump by the Biden regime in the United States. New York is seeking to resume economic activity following the distribution of the vaccine. MGM Casino has resumed open 24 hours at three establishments. In the vaccine issue, J&J’s vaccine is about to be approved for use. However, there are only millions of them, so the supply and demand are difficult.

In the US-China issue, China surpassed the US and became the largest trading partner with Europe. The United States has reorganized relations with Saudi Arabia, the largest alliance in the Middle East. After Yemen, it stopped selling weapons to Saudi Arabia. The alliance with Binsalman’s royal family is also expected to weaken.

The cryptocurrency market rally continued to $52,000 when Bitcoin broke the psychological resistance line of $50,000. It is possible to test the $49,000 support level. At the point when the $46,000 to $48,000 band volume, which has consistently changed hands in the process of forming the current report price, shows a 15-20% profit, the desire for profit-taking may increase. The next psychological resistance level is expected to be around $56,000. Meanwhile, since January, the price correlation between Bitcoin and Ethereum has stabilized around 0.7. The Ethereum basket effect is expected from the institution’s advance. Blockchain.com has succeeded in funding worth $120 million. The Korean government has released a manual for reporting on virtual asset providers.

※ This article was written based on data from Fair Square Lab, a digital asset research organization. This is an investment reference only, and Joindie is not responsible for investment decisions.