After the continuous decline of the market, there are signs of stopping the decline, and the market is cautiously optimistic before the heavy volume

As reported by Coindesk, Telegram has notified investors,The TON blockchain project will postpone the launch plan, pushing the deadline from October 30, 2019 to April 30, 2020. Investors will need to sign a form approving the extension by October 23. If a majority chooses not to sign, investors get roughly 77% of the money they had previously put in, amounting to $850 million per round.

The TON project was once one of the top ten popular projects in the currency circle in 2018, raising more than 1.7 billion US dollars in funds. It was originally planned to launch the TON mainnet in October this year and distribute the token Gram to users. However, in October of this year, it was issued a temporary restraining order by the SEC and filed a lawsuit.Telegram's postponement of the mainnet launch plan is a compromise against the SEC's regulatory restrictions。

In the past year, the United States SEC and other agencies have become more and more strict in the review of blockchain projects. Previously, EOS had paid tens of millions of dollars in fines to evade supervision. Canadian social media company Kik shut down its communication applications under the supervision of the SEC, causing worldwide The Libra project, which has been widely concerned and discussed, is also difficult to launch under supervision, which shows only one situation:Digital currency is not outside the law。

I said it before,The biggest problem facing the blockchain and digital currency industry at this stage is actually a regulatory issue. Although the blockchain technology is immature, the digital currency industry is still in its infancy, and there are various problems, but these are easy to solve, except that the uncertainty of policy regulation is too great.

In the case of unclear supervision, as a practitioner, it is difficult to confirm the direction and choice, and the development will be greatly restricted, timid; and for funds and users outside the circle, the uncertainty of supervision also greatly hinders It restricts its entry and limits the development and growth of the digital currency market itself. You can say that,Practitioners are eager for regulatory compliance, and investors are also eager for an orderly marketOperation suggestion:

Operation suggestion:

BTC: The broader market continued to fall yesterday. First, it fell from $8,300 to $8,100 in the early morning. After a short period of sideways trading, it fell again, with a minimum of $7,900. There are signs of stopping the decline. On the hourly K-line, there were 4 downtrends within a week, and the downtrend was obvious, but the height of the rebound was lower each time.The strength of the bulls is obviously insufficient, and they cannot organize an effective counterattack at all, which further shows that the overall market is in decline, and the trading atmosphere and market confidence are weak。

Judging from the big contract data of Okex, the total amount of BTC contract positions in the past week has increased slightly, and the ratio of long and short positions has also slowly increased, reflecting thattherefore,。

therefore,In the short term, pay attention to the finishing situation around the $8,000 level on the disk, focusing on changes in volume and energy, if the volume energy is persistently weak, the decline is still the main theme, and the lower support is in the range of 7500-7700 US dollars; even if it rebounds, if it cannot break through the upper small pressure range of 8200-8300 US dollars with a strong volume, it is still difficult to avoid the downward trend after a weak rebound . Near the support/pressure point, you can participate in a small amount of short-term.

ETH: After falling below the position yesterday, the short-term trend fully linked to BTC, and it fell to 170 US dollars in a short time. The previous support of 180-185 US dollars has become a pressure range, and the bottom support is in the 160-170 US dollar range. Short-term participation can be light. Pay attention to risks if it falls below 170 again.

LTC: Continue to test the support of $50 in the short term. Once it falls below again, the lower support will go to around $40. The pressure is in the range of $56, and the trend is weak. It is not recommended to participate in the short term.

BCH: The overall trend is consistent with BTC, and the short-term support is in the range of 200-210 US dollars. From the hourly trend, the rebound after the decline is acceptable. Short-term operators can open a small amount of positions to play with the band after each time the market falls.

EOS: From the perspective of the market, other mainstream currencies are in the trend of the second waterfall fall relay, but EOS performance is adjusted in place after a fall, and then follows the trend of the market, reflecting the strong control of the dealer behind it. This phenomenon has repeatedly appeared Several times, the swing operator can adjust the trading strategy accordingly. The short-term support is 2.85 dollars, and the pressure is 3 dollars.

XRP: Follow the trend of the market, but the decline is relatively small. The 4-hour upward pattern has not been destroyed. In the short term, with the good news, the market trend is slightly stronger, but we still need to be more vigilant. In the short term, continue to pay attention to the support of 0.28 US dollars and the pressure of 0.3 US dollars. breakout situation.

TRX: Following the decline of the market, it fell below the neckline support of the M-top trend. Pay attention to the breakthrough of the neckline (0.0156 USD) in the short term. If it can break through in a large amount, there is a chance to return to 0.017 USD.

ETC: Last night, the heavy volume dropped to 4.15 US dollars, and a long lower shadow line was closed, with a short-term weak rebound trend, and the upper pressure was in the range of 4.5-4.7 US dollars.

Platform currency: Overall, it is linked to the trend of the broader market, because the platform currency has good news in the near future, and there is a certain supporting force on the market, but it is still not recommended to chase higher, becauseThe timeliness of good news is low at this stage. BNB rebounded in the short-term due to the destruction announcement, but to break through the current shock range, it needs to effectively break through above $20; HT surged and fell back in the short-term, finishing the trend in the range of $3.4-3.75; OKB is cautious before breaking through the $2.4 effectively Operation; GT continues to arrange the trend sideways, and 0.5 US dollars is the short-term support.

Altcoins: Individual currencies have risen slightly in a short period of time, and most of the altcoins still do not have a good market at all. For skyrocketing altcoins, before chasing higher, it is recommendedFirst go to the official channel of the project party or the community to understand the root cause of the rise, and then decide whether to follow up.