Figure 1: Greater than 1k addresses continue to increase, especially with 10k-100k giant whale addresses Figure 2: Profit-taking entities are at all-time highs and may be ready for profit-taking Figure 3: Open positions are near record highs, with higher risk Figure 4: Short-term holders began to increase, long-term holders decreased, indicating that the receiver began to enter, long-term holders gradually exit, to be crazy, is the day of the top Short-term funds began to shift from the bit to other, pay attention to the opportunity to cover the rise

Exchange inventory at record low as supply weakens again Physical 1K-10K addresses are starting to accumulate again after the distribution, physical 10K-100K addresses continue to accumulate and large accounts are in high demand Miners continue to accumulate The total volume of the contract market has rebounded to over $12 billion again, which may be a short-term negative for the coin price The chain data is stable, the big investors are absorbing stable chips, the market supply is low, the miners are accumulating steadily, the liquidity supply is low, the overall bullish Morphology, first of all, 4 Hour, signs of weakness, began to weaken, the market is likely to go at least 4hour level adjustment, strong words may be in the 55400 near the stage bottom, weakness to 53500 near to find support. The daily level choose to break through, but the demand failed to last, today's adjustment up to now the volume is not large, belongs to the normal breakthrough after the back pedal, at present still see the uptrend unchanged. Overall the large level intact, BTC lack of a full adjustment, so yesterday so directly step on the 5 day line after pulling up can not continue to rise, the market wants on or to adjust the storage, patience some. The day steady more than 55500 near, aggressive empty 57600 near

Bitcoin a single, all the money piled up inside the pie, at the same time we obviously see that the supply of bitcoin is still very small, has refused to pull back, which exceeded the previous expectations of the market judgment, this kind of over-expectation, often indicates that will continue to strengthen, at this time the 5 day line will become a better choice, as long as the daily daily closing does not fall below the 5 day line, we have to continue to be bullish, perhaps to continue to be bullish, perhaps before the end of this month, we can again see more than 60,000 bitcoin, more patience, give the market some time, the fourth quarter often have a surprise. The founder of Real Vision said his portfolio consists of 70% ETH and 5% BTC, and another 25% is other. His logic is that ETH will have more incremental volume and is still in the early stages of adoption, while believing that it is important to take some risks as much as possible during the bull market. This configuration is very worthy of your reference, not that it's not bullish on Bitcoin, just more bullish on the ETH/BTC exchange rate. In rising markets, coins with small market caps tend to rise faster than those with large market caps, and conversely, fall quickly. Switzerland plans to launch a new proposal to authorize central banks to hold gold and bitcoin as part of their currency reserves. Bitcoin is not only used as legal tender by some countries, but more countries will…

Figure 1 10k-100k national day increased 25w bitcoin, large investors crazy absorption Figure 2 Short-term holders have raised their heads, coin price rise is expected to continue. Figure three Figure four liquidity supply decreased, the exchange coin volume continues to be low, the market supply is not large. Morphology, yesterday's analysis to 2-3 days of sideways time, today still maintain the view of the oscillating market, the daily needs to wait for the MA5 to come up to step on, or even to go to insert the MA10, after all, is through the sharp pull up, there must be profit-taking discs appear, after absorbing these floating supply, before continuing upward. The big level is fine, after the breakthrough did not trigger a large-scale supply appeared, is a valid breakthrough. Intraday empty point 55000, more points on the 53000 near, depending on the small level trend to find more single advantage intervention position. In addition, the chain earnings entity hit a new 5-month high, the position will be a certain change of hands; 1k-10k coin holdings have not changed much, sustained selling pressure has not appeared. Conclusion: The coin price in this position, no matter horizontal or retracement, is to lay the foundation for the rise

Short-term holders still have not seen a significant rebound. 1k - 10k address holders show a significant decline, indicating that smart money is shipping out. Technically, bitcoin after 1.6 billion dollars giant whale purchase, the coin price rushed into a strong pressure area, the position will face greater pressure to sell, direct breakthrough probability is very small, either time for space, horizontal 2-3 days, or space for time, a significant retracement of a wave. Long-term continue to hold can, four quarter market is worth looking forward to.

Figure 1: Short-term holders are still not rebounding, and the coin price is difficult to sustain. Figure 2: The exchange stock continues to be low, no basis for smashing. Figure 3: Long-term holders are in the green zone, this indicator means the market will continue to rise. Figure 4: Stable coins within the exchange continue to be high, which is the basis for a future pull.

Figure 1: Steady supply of miners Figure 2: 1-10k Addresses Steady Figure 3: Exchange bitcoin volume remains low Figure 4: Liquidity supply is significantly decreasing, and the selling pressure is small Summary: The selling pressure is getting smaller and smaller, and the coin price reflects a stable state after a sharp pull-up. The market is expected to continue to go higher after digesting for a period of time