Since the crash of Terra, addresses that have held bitcoin for more than one year have increased their holdings of 250000 BTCs

Fundamental analysis:

Bitcoin remained volatile around 29610. According to the data shared by intotheblock, since the terra crash began on May 7, the balance of bitcoin hodlers (an address held for more than one year) has increased by 250000btc. In this sell-off, the balance of existing addresses increased significantly, reaching a record high of 12.73 million BTCs.

Bitcoin btcusdt - 4-hour K-line diagram display:

Technical comments: the bullish power continued to fluctuate and rise near the upper rail of the Bollinger belt index, and the high-level moved back when encountering obstacles. After reaching the node near 29244, the short-term short-term power waited for the opportunity to enter, and the Bollinger belt index continued to close. The MACD index remained in the bullish region and fell slowly, and the RSI index remained in the bullish region and fluctuated and fell continuously to the lower side of the 50 equilibrium line;

Multi empty turning point: 29992

Pressing position: 30890, 31757

Support position: 28766, 27778

Trading strategy: 29992 bearish below, target 28766, 27778

Alternative strategy: bullish above 29992, target 30890, 31757

The above analysis is a personal point of view and is for reference only.