Once the bitcoin market is effectively stabilized above US $60500, the new high is actually very easy to reach. However, if the market is unstable, the position will form an absolute resistance level after several rounds, which will affect the overall market in the future, and it is very likely that there will be a high long short replacement.

At present, bitcoin has always been stuck in a key position. In the overall market, only bitcoin failed to break through the current resistance level. Other currencies have broken their positions, especially Ruibo, which has a one-day rise of nearly 10%.

There is obvious backwardness differentiation in the mainstream, which is mainly caused by the excessive rise of bitcoin in the front wheel, the stagnation of the rest and the imbalance of horizontal percentage. Another reason is the volume ratio in the current market. Bitcoin accounts for nearly 70% of the market value of the digital cryptocurrency market, and the huge market value corresponds to completely different demand for market breaking funds.

This is the main reason why bitcoin has been unable to break through.

At this stage, the overall market really determines the subsequent rise and fall of bitcoin. After all, bitcoin is different from other markets. The rise and fall of the leader can determine the overall trend.

Therefore, at this stage when the leader is not yet clear, there is no problem in short-term long-term, but we need to pay attention not to hold the medium and long-term

(2021-4-3)