The supervision of the digital currency market has gradually become the main theme, and the market remains volatile

Throughout October, news in the currency circle continued to be silent, but the intention revealed by the regulatory level became more and more clear, and Libra still dominated the headlines.

Although Facebook has made a lot of efforts to attend hearings and send people to lobby, the founder Zuckerberg even stated thatLibra is not trying to create a sovereign currency, but just a way to transfer money. However, the regulatory level does not recognize it. Members of the U.S. Congress believe that Libra should eventually be classified as a security, and the U.S. Treasury Secretary made it clear that Libra’s launch plan is not mature. Europe is also skeptical about Libra. At the just-held G20 Finance Ministers Meeting, the attitudes of major countries towards Libra are alsoIt will cause serious risks and should not be issued without countermeasures。

In the short term,The attitude at the regulatory level is a death sentence for Libra, preventing it from launching. The Libra plan needs to be rebuilt, through clearer rules and regulations, more specific practical actions, and more complete measures to deal with financial risks, to dispel the concerns of the regulators and meet the needs of the regulators. online.

In addition to Libra, FATF is also working to promote cryptocurrency regulation. In June this year, FATF announced the final version of theAnti-money laundering and terrorist financing regulatory guidelines require virtual asset service providers, including cryptocurrency exchanges, to share customer information, including names and account numbers, for transferring funds at the request of the government. And issued a special report in October,Clearly characterize stablecoins as a “global risk” in terms of whipsaws.

In response to the regulatory requirements of FATF, various countries have taken actions, and major exchanges in the jurisdiction have carried out some measures, includingImplement stricter KYC certification, restrict anonymous currency transactions and delisting, strengthen anti-money laundering review, apply for exchange licenses, etc., efforts in these areas can effectively combat money laundering and terrorist financing, but alsoTo a certain extent, the current digital currency market is restricted, resulting in a sluggish trading atmosphere, and the market has fallen into a shrinking consolidation trend。

Next, with the strengthening of the regulatory environment, there may be some crises in the digital currency market, which we need to avoid in advance. One isStable currency may face a crisis due to strong supervision, which will affect the issue of transaction deposits and withdrawals;one isThe strong supervision of exchanges will lead to a wave of runaways in some unpopular copycat exchanges; another one isOperation suggestion:。

Operation suggestion:

BTC: The rebound trend that has been formed with great difficulty in the past few days has disintegrated under the destruction of short positions. At the 4-hour level, BTC not only failed to effectively hit the MA180 moving average, but also fell below the support of the MA60 moving average. At present, the currency price has fallen back to the starting point and is sorting around US$7,900.

In the short-to-medium term, the power of the bulls is obviously weak, and they failed to grasp the good timing last night, which further confirms theThe bulls lack confidence in the future trend, and the market volume is insufficient, and the trend is dominated by the bears. If the market cannot stop the decline in a short period of time and stand above $8,000, it may fall to the bottom again. In the past month, the market has accumulated a pressure range of 8300, 8400, 8600, 8800-9000 US dollars and other points. Even if it can stand firm at 8000 US dollars, the rebound will be limited if not large.

On the whole, the market is still in the concussion and consolidation trend after the catastrophe on September 25, and the market is not very good. It is mainly wait-and-see, and short-term operations need to pay attention to strict stop losses. The futures contract market is extremely risky. In recent times, the market has risen or fallen by about 5%, but there are still a large number of liquidation orders.The overall leverage of the participants is relatively large, and the dealer mainly relies on explosive orders to make profits, If you are not a skilled person, participate with caution.

ETH: The trend is weak. After falling below the hourly MA60 moving average support in the early hours of this morning, it fell in heavy volume. It is currently sorting out the trend around $166. In the short-term, focus on whether the $168 can be effectively recovered, and the top is strongly pressured at $180. The operation is mainly based on buying low and selling high, and pay attention to stop loss after breaking the position.

LTC: The daily line level still continues to fluctuate, and it has reached the lower edge of the consolidation range at $52. In the short term, it will continue to wait and see.

BCH: 4-hour level, the trend rose and fell, and fell below the support of 228 US dollars and the MA180 half-year line. In the short term, pay attention to the breakthrough of 220 US dollars.

EOS: In the early morning of this morning, the short-term surged, but failed to effectively break through the pressure of 3 US dollars, and then the currency price fell back, and 2.8 US dollars was the short-term support.

XRP: Although the upward trend has not been broken, the support of the 4-hour MA60 moving average has been broken. The short-term test is whether it can stand above the moving average again. Recently, the market has repeatedly hit the pressure range of 0.3 US dollars, but all of them have failed. In the absence of more favorable conditions, it is necessary to beware of the risk of market decline.

TRX: Following the decline of the market, pay attention to the weak support of US$0.0145 in the short term, and mainly wait and see.

ETC: In the short-term, it follows the downward trend of the broader market, and fell to the bottom of the 4-4.3 USD range for the third time. There is a chance to buy low, but the premise is that the market stops falling.

Platform tokens: Except for OKB, which rebounded due to its own benefits, other mainstream platform tokens followed the decline of the broader market and generally maintained a range-bound trend. BNB fell below the support of the 4-hour MA60 moving average in the short-term, but the decline was limited, and it remained in the range of 17-19 US dollars. Before breaking through 20 US dollars, wait and see; , there is a risk of continuing to fall, and the lower support is 3 US dollars; OKB rose again after a short-term decline, pay attention to the support of 2.55 US dollars, the rise is due to good news, it is not recommended to chase the rise; GT continues to trade sideways, 0.5 US dollars For short-term support.

Altcoins: The overall focus is on risk avoidance. Before trading, understand the status quo of project development and do not blindly chase high.