The battle for Bitcoin's $10,000 price has started again, can it hold this time?
The biggest event in the currency circle in the past two days is Huobi. last night,Tongcheng Holdings announced that Li Lin was appointed as executive director, chairman of the board of directors and chief executive officer.. At the same time, the board of directors proposed to change the company's Chinese name "Tongcheng Holdings Co., Ltd." to "Huobi Technology Holdings Co., Ltd." Affected by this, HT surged 4% for a short time last night, and Tongcheng Holdings (1611.HK) opened sharply today, with a maximum increase of 77%.
Tongcheng Holdings is a Hong Kong listed company registered in the British Virgin Islands. Its main business is solenoid coils, battery charger solutions and power supplies, LED lighting and other businesses. Beginning in May last year, there was news that Huobi was about to take over Tongcheng Holdings, and then the two parties completed equity transfers, acquisitions and other related matters, and now it is officially announced.
This is not the first time that a company in the currency circle has acquired a traditional listed company. Generally speaking, it isA form of capital operation, through acquisitions to achieve the purpose of changing the shell and listing. In theory,The currency circle project has achieved the purpose of IPO listing and financing by issuing coins and listing on the exchange, but this method is not recognized by mainstream society and groups. Regardless of whether Huobi’s move can gain business support, the listing alone can reverse its impression and influence in the mainstream group, which is conducive to the strategic layout of the company and paves the way for future development and growth .
The acquisition of Huobi has been completed, and Okex must not be far away. As the exchange groups that occupy the top profit channels of the currency circle,In the C-end user-oriented market, through rich product lines, marketing promotion strategies, currency price repurchase and destruction plans, user retention, etc. to snatch user traffic; Seize the institutional market, and now transition to the competition and layout of the capital market, and extend to the traditional financial field。
The competition between the B-side and the C-side of the exchange can still achieve cornering overtaking through various methods and means, but once it enters the capital market, it will be just like the competition in the traditional Internet field.The strong get stronger and the weak get weakerOperation suggestion:
Operation suggestion:
BTC: Let’s first look at the daily line level. It is still in the late stage of a triangle arrangement (14,000 USD is the top and 9,000 USD is the bottom). It has become a pressure line, and the overall trend is bearish.
Hourly line level, short-term volatility, serious up and down pins, fell below the $10,000 mark twice today, and was subsequently withdrawn, but the rebound was gradually reduced, running along two trend lines, and the short-term rebound height was at 10,400 Near the US dollar, the support is at 9,800 US dollars. This point is the acceleration position of this short rebound cycle. Once it is effectively broken, it is likely to quickly reach the bottom range of 9,000-9,300 US dollars. Investors need to pay attention to market risks, and their positions should not be too heavy.
ETH: Short-term retracement, the probe reached the range of 175 US dollars, and the short-term fluctuated in the range of 175-185 US dollars. From the perspective of the disk, there is a lack of support. It is necessary to pay attention to the risk of a sharp drop when the market continues to retrace.
LTC: 69-73 US dollars fluctuated in the small area, the disk was shrinking, and the enthusiasm of investors to participate was low.
BCH: After a short-term consolidation trend, it has returned to the $300 range, and attention should be paid to the support strength of this range.
EOS: High order trend, the daily line level is suppressed by the MA60 daily moving average, if it cannot quickly break through the range of 3.9-4 US dollars in the short term, it may usher in the risk of a downside retracement, pay attention to the risk of short-term retracement.
XRP and TRX: Continue to follow the trend of the market in the short term, fluctuate between small groups, and the market is not very good.
Platform currency: In the short term, it is in a high-level consolidation trend, which is greatly affected by the news. BNB short-term support is 21 US dollars, HT is affected by the good news, short-term rises, the pressure is at the MA90 daily moving average of 4.3 US dollars, OKB rose for a short time due to the news of repurchase and destruction, but then fell, short-term fluctuations are large, GT short-term support is 0.7 US dollars .
Altcoins: Overall, they are still relatively weak, and the market is not very good. However, there are still some individual currencies that rebounded retaliatoryly due to oversold. Since the beginning of this year, many counterfeit currencies have been oversold, and small opportunities still exist, but it is a test of patience and vision. It is recommended that you pay more attention to counterfeit currencies on Okex and Huobi, but pay attention to methods and strategies:
Pay attention to the signal: A currency that has been oversold for a long time, and then rebounded at the daily level;
Chip Distribution: Chips are highly concentrated, preferably a currency whose trading volume accounts for more than 80% of an exchange;
Time to intervene: Break through the daily MA60 moving average, pull back to the 4-hour MA60 moving average and get support again, you can intervene in the short term;
Position strategyTake Profit Stop Loss
Take Profit Stop Lossrisk warning
risk warning: Investing in digital currency is a high-risk investment behavior. The content of this article is for reference only and does not constitute investment trading advice. Investors are requested to invest rationally: investment is risky, and you need to be cautious when entering the market.
