Bitcoin halved in May, price hit $20,000?
Market information:
1. Financial Times: Facebook is negotiating with members of the Libra Association, expecting more support.
2. Cryptocurrency analyst: Before the halving in May next year, the price of Bitcoin will reach $20,000.
3. The Japan Financial Services Agency announced the "Requirements for Tax System Amendments" this year, without mentioning the content of virtual currency.
4. V God did not participate in the EIP approval of the Ethereum Istanbul hard fork project.
5. Changpeng Zhao: If you own one bitcoin, you will become the top three thousandths of the richest people in the world.
6. After visiting Switzerland on Libra-related issues, US regulators are still concerned about it.
7. Bitcoin core developer Jameson Lopp tweeted that he was considering running for President of the United States.
BTC:
BTC fell after rushing higher last night and then dipped again to the lower low point connection. Repeated dips encountered resistance and started to rise again. When the market repeatedly stops falling on a line, it means the importance of this position. Once it falls below it, it will cause a sharp drop. , but if there are certain signs of stabilization, it can be used to support repeated long orders.
From a technical point of view, the daily line is in a triangular and convergent form. Before this form breaks the edge, it can still be regarded as a volatile trend. At the bottom, focus on the 9900 support line, and the line connecting the high points above can reach around 11500. At present, combined with today's morning trading Looking at the trend of rising again after the exploration, the probability of seeking a breakthrough in the short term is not high, but it can still be treated as a shock pattern!
ETH：
From the perspective of the wave structure of ETH, the five-wave decline has ended. Under normal circumstances, it is necessary to start the ABC three-wave rebound process. Previously, because BTC had continuously suppressed the market, it had a certain suppression effect on the rebound of other currencies. At present, Bitcoin is once again the same as this morning. It has stabilized and rebounded, so it is necessary to pay close attention to the follow-up trend of BTC during the period. If it can be repeatedly supported by the lower trend line, ETH is expected to further carry out ABC adjustment structure. At the top, pay attention to the upward resistance: the first line around 230, and at the bottom, pay attention to the first line support around 160.
EOS：
Judging from the general pattern of Yuzucoin, the five waves have clearly ended. It is also subject to the suppression effect of BTC’s recent market and has not rebounded decently. At present, there are signs of continuous decline on the lower daily line. Under normal circumstances, an ABC rebound structure is required. , but the currency market has the effect of rising and falling at the same time, so it is necessary to pay close attention to the market situation. On the technical side, focus on: support at the bottom of 3.3 below, and focus on: resistance at $4.5 above.
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