When the market stabilizes and stabilizes, pay attention to new changes in the game of stock funds
but
butThe market is not without good news, which is mainly reflected in the changes in the capital level.。
Morgan Creek Digital has raised an initial $60.9 million for its second blockchain fund, as part of the firm’s $250 million funding goal, Coindesk reported.The same institution, including two public pension funds, more than tripled its investment in a second fund。
In addition, Galaxy Digital Asset Management, a subsidiary of commercial bank Galaxy Digital, will launch two bitcoin funds in November. The Galaxy Fund, which will provide accredited investors with low-fee, institutionally managed exposure to Bitcoin, will make seed investments in both funds.
Obviously, the two investment management companies mentioned above successively launched blockchain funds, mainly because they saw the broad prospects of the cryptocurrency market, and there are services and markets where there is demand. The investment of public pension funds represents theNot only the hot money we mentioned before has entered the market, but now mainstream traditional institutions are beginning to try to include cryptocurrencies in the scope of investment and financial management, considering them as high-quality assets and potential assets。
This is an interesting phenomenon. With the development of the trend, more and more traditional institutional investors will enter the cryptocurrency market. Their entry will lead toBring incremental funds and users to the market. The previous market was like a pool of stagnant water. It was just a stock game among the funds in the market. The fewer people played, the more and more funds were scarce. These new funds are like running water, continuously providing fresh blood to the market, which will bring different things to the market. change, and strong support.
Therefore, I think the currency lovers who are still struggling in the front line of the market, there is really no need to be too pessimistic, and they should be confident in the future of the market. There will be more or less market conditions when BTC is halved next year, at least it will not be worse than it is now. The financial market is cyclical, and it is normal for bulls and bears to alternate. All you need to do isOperation suggestion:。
Operation suggestion:
BTC: After the waterfall the day before yesterday, BTC has maintained a consolidation trend between 7300-7500 US dollars, and the strength of both long and short sides is temporarily balanced. From the perspective of trading volume, the volume can be weak, and there is no obvious rebound, which means thatThe bulls are not strong enough to buy bottoms, and the market as a whole is in a wait-and-see state。
In the short term, there are signs of stabilization and stabilization in the market, but the volume is still weak, and the overall needs to be cautious. The daily support is in the range of 6,800-7,400 US dollars (the high level of the annual line and the second rebound this year). The short-term pressure is in the range of 7700-7800 US dollars. Short-term operators need to pay attention to the changes in the market, and the positions should not be too heavy, and set stop loss operations.
ETH: It rebounded slightly after the plunge, but the overall trend is still in the range of 157-164 US dollars. 150 US dollars is the short-term support, and 168 US dollars is the short-term pressure level. If there is a large-scale breakthrough, the market trend will change. It is recommended to arrange a small number of positions.
LTC: The short-term trend is weak, and the sharp drop in currency prices has brought some mining machines close to the shutdown price, so it is difficult to have a big market in the short term. The short-term support is 47 US dollars. It is safer to stand firm at 52 US dollars. Try to wait and see.
BCH: There was a slight rebound in the market, and the currency price closed above the support of 210 US dollars. In the case of no significant decline in BTC, after the currency price breaks through 220 US dollars, it is expected to continue to rise, and 230-240 US dollars is the pressure range.
EOS: After the waterfall, the disk remained in the range of 2.65-2.8 US dollars to consolidate the trend, and the short-term pressure was 2.8 US dollars. After recovery, there will be a new market.
XRP: The sharp drop the day before yesterday broke the previous upward trend pattern, and the currency price rebounded slightly in the short term. The daily MA60 moving average formed a recent support. In the short term, it will be seen whether it can return to the 7-day line.
TRX: The short-term rebound is strong, and the decline of the day before yesterday has been recovered. The short-term does not break the support of 0.0145 US dollars, and the market has a chance to continue to rise.
ETC: Following the trend of the broader market, $4 is a strong support in the short-term and $4.6 is short-term pressure, and it is in a range-bound trend for a short time.
Platform currency: Compared with other currencies, mainstream platform currency has business support, and the market acceptance is stronger. BNB rebounded in the short term and recovered above $17. It is expected to continue to fluctuate in the range of $17-19, and $16 is a strong short-term support. The rebound of HT is relatively weak, and USD 3.1 is the recent support, and it will be safer only after regaining USD 3.3; OKB continues to consolidate in the range of USD 2.3-2.45 after rising and falling, and the short-term pressure is USD 2.6; Poor, the weakest currency in the mainstream platform currency, the sign of the banker's control is very high, 0.5 US dollars is the short-term pressure level, and it will be considered after it has stabilized.
Altcoins: The overall focus is on risk avoidance. Don’t touch unfamiliar coins, don’t touch coins you don’t know the truth about, and don’t consider coins that don’t have a large volume. The overall focus is still on the sidelines.
