The G20 meeting ended and Libra supervision reached a consensus, and the overall market rebound was hindered after the waterfall
Early this morning, the Group of Twenty (G20) finance ministers and central bank governors meeting ended two days of discussions, and all parties involvedReached a consensus on the cryptocurrency Libra that Facebook plans to issue, saying that it "will cause serious risks" in terms of regulation and other aspects, and it should not be issued until the risks are dealt with。
This is bad news for Libra, the unanimous opposition of major countries in the world meansFacebook's Libra plan, there is no hope of launching it in a short time. Libra must make substantial modifications to meet regulatory requirements and dispel the doubts of various countries, which will be a protracted contest.
At the same time, the G20 also sought help from the International Monetary Fund (IMF) to determine the meaning of stablecoins. In fact, to put it bluntlyIt is necessary to characterize the stable currency. Although the stable currency is a financial innovation, it may lead to a series of serious public policy and regulatory risks, including money laundering and illegal financing.. Once qualitative, all kinds of stablecoins currently on the market will be hit to a certain extent, and it will also have a negative impact on the entire digital currency market.
In the overall bearish news environment, it is even more difficult for the market to improve. After the disillusionment of the halving market, the confidence of retail investors is insufficient, andThe continued fluctuating and falling market trend has aggravated the lack of confidence, everyone is in danger, and the slightest turbulence on the board will be a bird of fright.
At this stage, for retail investors, it is just a time of vandalism and hesitation to wait and see. Most of them hold positions and want to fight hard, or wait for the market to rebound and sell high. It is not common to cut meat. In this case, it is impossible to expect the dealer to pull the market. The dealer will not be kind enough to solve the problem for the retail investors, but will only seek short-term profits in the futures market through capital games, and at the same time increase the panic atmosphere through continuous decline, and carry out a clean-up.Only after the chips are washed away, can the car go into battle with more capacity。
Therefore, in the short to medium term, the market will be a tug of war that will test the patience and psychological quality of each of us. Even if there is a short-term market rebound, where can the rebound go? as i said yesterday,Operation suggestion:。
Operation suggestion:
BTC: It fell again yesterday, falling from $8,100 to $7,800. This position is close to the bottom range since the Great Falls, but judging from the amount of rebound, it is obviously insufficient. The previous few times, after falling to the bottom, the volume energy was superimposed, and there was a rebound market, which made the market turn the corner.This time, if the amount cannot be gathered to make the disk break above 8,200 US dollars, it may usher in a waterfall trend again. The only thing to pay attention to in the two days of the weekend is the change in the volume of the market, participate with caution.
ETH: It stopped falling at 168 US dollars, but the amount of rebound is insufficient, and the rebound height is relatively limited. For a short time, pay attention to the pressure level of 178 US dollars, and it has effectively broken through, so you can participate in the short term. Before breaking through, wait and see.
LTC: The market fluctuates in the range of 52-54 US dollars to consolidate the trend, the bottom support is 50-52 US dollars, and the pressure is 60 US dollars, mainly wait and see.
BCH: The trend is in sync with BTC, and the decline is small. 200-210 US dollars is the bottom support, and the pressure is in the range of 220-230 US dollars. Pay attention to stop loss when short-term chips fall below $200.
EOS: In a volatile and downward trend, the short-term support is at 2.7 US dollars. Once it falls below the heavy volume again, it may go to the 2.2-2.4 US dollar range. In the short term, pay attention to whether the pressure of 3 US dollars can be effectively broken through, and wait and see before breaking through.
XRP: The disk support is strong, and the upward trend at the 4-hour level remains intact. Pay attention to the support of the MA60 moving average ($0.28) for a short time, and continue to hold short-term chips that have not broken the support. dollars.
TRX: It generally fluctuates in the range of 0.0145-0.016 US dollars, and the volume is weak. Continue to wait and see.
ETC: Maintain the trend in the range of 4.3-4.6 US dollars for a short time, and wait and see before it fails to effectively break through 4.65 US dollars.
Platform coins: Compared with mainstream coins and altcoins, the market has certain support and the trend is relatively stable. Continue to pay attention to the breakthrough of support and pressure levels in the short term, and wait and see in the range-bound trend. BNB short-term support is $17, pressure is $20; HT short-term support is $3.4, pressure is 3.8-4 dollars; OKB short-term support is $2.2-2.3, pressure is $2.5; GT has been shrinking sideways since September 25. Organize the trend, the trend is relatively independent, pay attention to the support of 0.5 US dollars in the short term.
