The broader market is collectively rising in the short term, and attention should be paid to the risk of retracement
yesterday,yesterday,SEC Again Rejects Bitwise's Latest Bitcoin ETF Proposal, the reasons for rejection are similar to those of other ETFs:。
Legal requirements that cannot avoid market manipulation and illegal activitiesThe SEC’s doubts about the Bitcoin ETF have always been these points. Under the premise of the lack of supervision and laws in the current digital currency market, it is normal to have concerns. It is a relatively conservative attitude and practice.However, when it comes to innovation and change in the financial field, the potential risks and impacts will be relatively large
, Blindly and radically, you have to take responsibility, it is better to take it slowly, wait for the market environment to improve and the supervision to be clear, and then gradually expand.The CBOE and CME bitcoin futures contracts were launched before, and the Bakkt bitcoin spot contract exchange was launched later, as well as the benchmarking effect of Coinbase compliant exchanges, and the approval of compliant stablecoins such as GUSD and PAX, representing。
The United States has a long history of layout in the cryptocurrency market. With the improvement of the blockchain and digital currency infrastructure, it is only a matter of time before the final approval of the Bitcoin ETFThe development of new things always has to go through a process from small to large, from imperfect to relatively perfect, and the process cannot be accomplished overnight, and it will go through a long and tortuous process
. In other industries, we have all witnessed it one by one, but in the currency circle, most people come here with the purpose of speculating and getting rich. They are naturally impatient and eager for quick success, which is also caused by the impetuous environment of the current currency circle .The Hurun Research Institute recently released the "2019 Lexus Hurun Rich List", in the field of blockchain,The people on the list are mainly executives of mining machine manufacturers and founders of exchanges
, including the founders of Bitmain, Canaan, Ebang International, Binance, Huobi, OKCoin, etc., Bitmain founder Ketuan Zhan ranked 100th with a net worth of 30 billion, and also became the richest person in the blockchain.The data reflect that the wealth creation effect of the blockchain and digital currency fields is still very significant. In the past few years, the people on the wealth list were mainly in the fields of mining, industry, food, clothing, housing and transportation. Later, they transitioned to real estate tycoons. In the Internet field, the blockchain field has also begun to emerge in the past two years.The distribution of social wealth is actually changing all the time, the only constant is to follow the changes of the times and trends. As ordinary investors, we need, there are bigwigs in the field of currency circles in front of us. In fact, the direction is already very clear. What we need is patience and time.
Operation suggestion:
Operation suggestion:
BTC: After retracing to $8,100 yesterday, it stopped falling. Driven by a large amount of energy, the market broke through the recent pressure of $8,300 and $8,500 in one fell swoop, and came to around $8,600. Judging from the trading volume, the 1-hour level and the 4-hour level can release a large amount, which should be a surprise attack by many armies. Now that several pressure levels since the Great Falls have been broken, short-term bulls continue to maintain their strength. Hope to continue to go strong. The stronger pressure above is in the range of 8,800-9,000 US dollars. This range is more difficult to break through, because the previous waterfall directly plummeted 20-30% from around 9,300 US dollars, and accumulated too many holdings. If it breaks through, it means a new round The opening of the rebound market.Judging from the big data of the OKex contract, the BTC contract positions increased significantly before and after the currency price rose last night, and the trading volume increased sharply, reflecting that many short positions were liquidated under the bulls' offensive situation. There is an increase, which means that the main bulls have the willingness to build positions, but from the perspective of the long-short position ratio of BTC, it has dropped from 1.3 to 1.08 from yesterday to today. The willingness of retail investors to do long is not strong, and the market outlook is still full of many uncertainties. Overall,
If BTC does not break through 8,500 US dollars in the short term, it will continue to be bullish. If it is effectively broken, it will test the support of 8,300 US dollars.
ETH: Last night, the heavy volume broke through 185 US dollars, and it became stronger for a short time. The 4-hour level showed a rebound trend, and the upper pressure was 200 US dollars. risks of. The short-term support is 185 US dollars (MA60 daily moving average), if it falls below, pay attention to stop loss.
LTC: Following the rebound of mainstream currencies, the short-term impact of $60 retracement, compared with other mainstream currencies, the amount released is not large. In the short term, it continues to fluctuate in the range of 56-60 US dollars.
BCH: Following the rebound, the volume was weak and failed to effectively break through the short-term pressure of $240. In the short term, pay attention to whether the $240 can stand firm. After it stands firm, there will be a relatively large rebound. It is also reported that the mining machine manufacturer Canaan Creative will be listed in the United States in mid-November. If the news is true, Bitmain’s listing plan will soon come out. This is a potential benefit for BCH, and a small amount of regular investment can be made every time there is a callback.
EOS: The 4-hour level also showed a rebound trend in the range, but the rebound last night was weak. The $3.3 is still a strong pressure in the near future, and there is a further rebound trend after a breakthrough.
XRP: The rebound trend last night was weak compared to other currencies, and it continued to organize around US$0.28 in the short term, with short-term pressure in the range of US$0.29-0.3. According to dailyhodl, Ripple’s average monthly sales are 227.3 million XRP. At this rate, it will take 18 years for its escrow account to complete the sale, which means that the circulation of XRP is increasing every month. I personally do not recommend it. operate.
TRX: The short-term rebound is strong, and it has basically recovered the decline of the Great Falls on September 25. It is recommended to pay attention to the short-term support of 0.016 US dollars, and there are signs of retracement in the market.
ETC: short-term heavy volume rebound, the volume can be reflected in the short-term retracement trend after the impact of 5.2 US dollars, pay attention to risks, short-term support of 4.8 US dollars.
Platform currency: Under the overall rebound trend of the broader market, follow the rebound and pay attention to the risk of short-term surge and fall. The short-term pressure of BNB is near the MA360 year line (18 USD); the short-term support of HT is 3.4 USD, and the pressure is near the MA30 daily moving average (3.55 USD); Breakthrough, there is still room for growth in the future; GT maintains a trend of shrinking and finishing, and it is difficult to improve until the volume is not significantly enlarged.
