What is the impact of the central bank's digital currency? Be cautious when the BTC market change period is approaching
Yesterday, Forbes reported that "The People's Bank of China will officially launch the Central Bank Digital Currency (CBDC) within a few months, initially to Alibaba, Tencent, Industrial and Commercial Bank of China, China Construction Bank, Bank of China, Agricultural Bank of China, China UnionPay etc Issued by 7 institutions". Subsequently, people familiar with the matter close to the central bank said that they had not received the news, and its content was an inaccurate guess.
Since August, the news about the central bank's digital currency has been very intensive, and its process has a tendency to accelerate its promotion.If it can be launched in a short period of time, it means that the People's Bank of China will become the first central bank in the world to officially release digital currency.
Judging from the details of various reports, I think CBDC can be simply understood as the digitization of RMB, which is aimed at M0 currency (cash), and uses blockchain technology at the bottom layer, which is of great strategic significance.
Compared to paper cash,at the same time,。
at the same time,CBDC has the potential to completely replace the stable currency led by USDT, become the pricing target of digital currency assets, and establish a dominant position in the field of blockchain and digital currency. Based on this, the current situation of chaos in the digital currency market can be eradicated from the source, so as to achieve the purpose of orderly supervision while encouraging Fintech financial innovation.
For the financial market, compliance regulation is the only way outOperation suggestion:
Operation suggestion:
BTC: Continuing the trend of small-scale consolidation, centered on 10,000 US dollars, fluctuating slightly up and down. At the 4-hour line level, the triangle consolidation trend is coming to an end, and it is possible to usher in a moment of change around the end of August. The key to changing the market is the rapid release of energy, pay attention to the breakthrough of the downward range of 9000-9500-9800-10000 US dollars, and the upward range of 10000-10500-11000 US dollars.During the market consolidation period, short-term chips should not be too heavy, as I said yesterday, we must be vigilant against the crisis in the current situation of "boiling frogs in warm water". It is recommended to wait and see, wait for the market to give a signal, and follow the trend.
ETH: From the perspective of the market, it is difficult to have an independent market in the short term. The trend is arranged in a triangle, and the focus is on the range of 160-180-190-200 US dollars. Only when it breaks through 200 US dollars again will there be a market.
LTC: After the halving in early August, the vitality was completely damaged, and the trend was shrunk. It is difficult to have a market when the market has not improved.
BCH: In a short period of time, it will be sorted in the range of 300-320 US dollars, and the volume can shrink simultaneously, waiting for the direction of the market.
EOS: The short-term trend is weak, the market fluctuates and falls, the short-term support is 3.4 US dollars, and the strong pressure is 3.8-4 US dollars.
XRP: The short-term test is the weak support of 0.26 US dollars, the volume is weak, and entry is not considered.
TRX: The overall trend is weak. Before breaking through the pressure of 0.02 US dollars, we will continue to wait and see.
Platform currency: Continuing the trend of high volatility and consolidation, it is not recommended to enter the market to chase higher in the short term. The BNB 4-hour line level is shrinking and falling, and 25 US dollars is an important threshold in the near future; HT 4-hour line K-line trend deviates from the MA60 moving average, if it cannot be recovered in a short period of time, the market will continue to be bearish, with short-term support of 4.2 US dollars; OKB short-term support of 2.6 US dollars , the risk of falling below intensifies. The Gate platform released the GT destruction plan last night, destroying the first batch of 26.34 million GTs. However, from the perspective of the market, investors do not seem to buy it. There are signs of a short-term market crash. The daily level is concerned about whether it can recover above the MA60 moving average. Support $0.8.
Altcoins: In addition to the short-term rise of individual currencies, the overall market is still relatively weak, and the profit-making effect is lacking. It is not recommended to participate. In addition, if you have any currency you want to analyze, welcome to ask questions in the message area.
