Bitcoin Short Term Is A Trade Up 比特币短期可炒涨

After touching 32950 (a 52% down from all time high of 69000) on January 24 and quickly bounced, Bitcoin then found support at 35000. It then traded between 35000 an 40000 for the last couple of weeks before broke out strongly today. It has overcame the psychological strong resistance 40000 and is now trading at 40422, a 3091 surge from yesterday. More importantly this happened in the face of a strong Non-Farm Payroll and a surge in bond yields. This buy on bad news is indicative of the severe correction of the past 3 months is overdone. Recent Bitcoin buying announcements from Microstrategy  (MSTR) and Marathon Digital Holdings (MARA) also are triggers for this rally. Bitcoin and related stocks are good to trade up now for the short term. A bounce to 45000 to 50000 area for Bitcoin is possible. As for Bitcoin Trust (GBTC  27.70)and crypto currency mining company Hut 8 (HUT 6.50), they may bounce to 35-38 and 7.5-9 area respectively.

在 1 月 24 日触及 32950（从 69000 的历史高点下跌 52%）并迅速反弹后，比特币随后在 35000 处获得支撑。然后在最近两周在 35000 至 40000 之间交易，今天强劲爆发突破。 它已经克服了心理上强大的阻力40000，现在交易于40422，比昨天飙升了3091。 更重要的是，这发生在强劲的非农就业人数和债券收益率飙升的情况下。 这种面对坏消息而买入的表现现实过去 3 个月的严重修正是过度的。 Microstrategy (MSTR) 和 Marathon Digital Holdings (MARA) 最近发布的比特币买入公告也是这次反弹的触发因素。 比特币和相关股票现在很适合短期看涨交易。 比特币有可能反弹至 45000 至 50000 区域。 至于比特币信托（GBTC 27.70）和加密货币矿业公司 Hut 8（HUT 6.50），它们可能会分别反弹至 35-38 和 7.5-9 区域。