Bakkt will go online next Monday, and you need to pay attention to the risk of BTC changes
Two-thirds of September has passed, but the news in the entire currency circle is still relatively calm, and there are only two popular events:Libra and Bakkt。
Since Facebook released the Libra white paper in June, the Libra stablecoin has been the focus of attention in the blockchain field around the world, and has aroused intense discussions among upper-level decision makers. Libra has also been working hard for its plan to pass the regulatory level, visiting the US Congress, hearing to express its attitude, and having close contact with European consortiums and banks. As far as the current situation is concerned,Libra has not made any substantive progress, and is still in the preliminary stage of the project, which has aroused the vigilance of banks and institutions in various countries。
Bakkt has been in preparation since last year, and there have been several twists and turns during the period, but it will finally open on September 23 (next Monday). Our expectations for the Bakkt physical delivery BTC contract market are mainly because we feel that it can cause new market trends and bring about a bull market.
Theoretically speaking, the listing of Bakkt, because of the support of Intercontinental Exchange and large consortiums behind it, the compliant regulatory environment and safe BTC custody channels, can eliminate the doubts of institutional investors,Bringing incremental funds and traders to the market. But how much specific effect can be achieved is uncertain, as Bakkt CEO said, "Whether asset management companies will turn their strong interest into action is very uncertain, and it still needs weeks or months to observe."
From a market point of view, Bakkt adds a compliant and regulated trading channel to the BTC market, which can promote the liquidity of BTC and benefit BTC. buttherefore,
therefore,The launch of Bakkt can only be said to be beneficial to the liquidity of BTC and promote the self-discovery of BTC spot prices, but it does not mean that it will definitely go bullish.The launch of CBOE and CME Bitcoin futures contracts in December 2017, which caused the price of the currency to go down is an example.The financial market is a game process between long and short sides, and there is no such thing as certainty.
Bakkt is a big news for the currency circle this year. It is obvious that the banker will do something. At the same time, BTC has been shrinking and fluctuating for the past one or two months. It is currently at the end of the triangle arrangement and is facing a change. Therefore, the two days on weekends may be the time when prices are most likely to fluctuate, and everyone needs to pay attention to risks.
As for the directional issue, it is still impossible to judge. The predicament in the consolidation range can only be broken by volume. Before the dealer takes action, the overall trend is bearish. After the dealer enters the market, it needs to be judged according to the specific market.For traders, the ability to make money is not the same as the ability to predict the future, because the future cannot be predicted, it only depends on the ability to deal with uncertaintyOperation suggestion:
Operation suggestion:
BTC: After going through the ups and downs of the previous two days, Bitcoin returned to the shrinking trend. The daily line-level triangle finishing form is coming to an end, waiting for direction selection. In the short term, it fluctuates in the range of 9900-10300 US dollars, the overall direction is bearish, the upper pressure is 10450 US dollars, and the lower support is 9800 and 9500 US dollars. At this stage, it is mainly on the sidelines, and it is necessary to pay attention to the heavy volume signal of the dealer, and try to buy low in operation.
ETH: The hourly level is in a consolidation trend, the short-term support is 210 US dollars, and the pressure is in the range of 230-240 US dollars. These two days are mainly wait-and-see, pay attention to the risk of retracement.
LTC: The daily level is negative for 3 consecutive days, and the trend is bearish. It is suppressed by the MA60 moving average, and the short-term support is at 70 US dollars.
BCH: 305-330 US dollars to consolidate the trend, short-term strong support of 300 US dollars, the upper pressure range of 330-360 US dollars.
EOS: fluctuates slightly around $4, the daily line pressure is at the MA90 moving average ($4.4), and the support is at the MA60 moving average ($3.9).
XRP: The daily line level is negative and falling, the short-term pressure is 0.3 US dollars, and the support is 0.28 US dollars.
TRX: In the short term, the trend is organized in the range of 0.0165-0.018 US dollars, and it falls below the 7-day line support of 0.0168 US dollars, pay attention to stop loss.
ETC: The daily line level is down, the shock range is 5.7-6.5 US dollars, the short-term strong support is 5.5 US dollars, and the risk of falling below is intensified.
Platform currency: maintain a high and volatile trend, only when the market chooses a direction again, there will be a market. BNB is in the range of 18.5-22 US dollars, HT is fluctuating around 4 US dollars, the short-term strong support is at 3.7 US dollars, and the short-term pressure of OKB is 3 US dollars.
Altcoins: The overall trend is not good, wait and see. If you have a currency you want to analyze, please ask in the message area.
