Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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Bitcoin didn't stop after breaking through $11,000, but accelerated, approaching a 2019 high of $13,900. But we know that since the introduction of futures trading, especially since CME's involvement in Bitcoin trading, the market has not been a one-sided market. Every once in a while, there will be a severe earthquake, because the contract to be delivered, long-short sides to close the position, so the market by the futures contract is also inevitable. So since it will not be a unilateral market, the rise is naturally to fall. We look at the June to July, Bitcoin has more than three adjustments, all over 10%. Entering July, there have been a long unilateral market. But will the days of the bulls be so easy in August? Given that the goal of eth has been achieved, there is a risk of stagflation of shanzhai coins. So will Bitcoin follow the adjustment? I think it makes sense to cash in on profits from a long. So here should pay attention to wind control, at least pay attention to the peak divergence trend of the 2 hour.