The rebound after the BTC waterfall is less than expected, be wary of irresponsible project parties

With the October 25th, the state on policyRegard blockchain as an important breakthrough for independent innovation of core technologiesSince then, more and more companies have seized the blockchain track, including the central bank, Alibaba, Tencent, Ant Financial, Industrial and Commercial Bank of China, etc., and released high-profile blockchain-related products, and blockchain technology is extremely hot.

Behind the phenomenon, let's take a look at the logic behind it.

First of all, although blockchain and digital currency have developed for nearly 11 years, butBlockchain technology is still in an immature and immature period. The application of the blockchain industry has landed. In addition to financial attributes such as currency speculation, there are no typical application products.. According to the traditional industrial development logic, the giants will not easily intervene until they see a profitable business model.

However, due to the innovation and subversion of blockchain technology, as well as the theoretically broad application prospects, it can greatly integrate and improve the efficiency of existing industries, so it has been greatly valued, and the giants as early as 15-16 years Started to study the blockchain technology, and it was taken seriously after it became popular, especially with the clear encouragement from the policy, more enterprises and manpower began to enter it.

Secondly, the current status quo is that although practitioners in the original blockchain industry entered relatively early, but becauseNo specific landing application ecology and scenarios have been realized, and no profitable business model has been discovered, so a relatively stable wall and first-mover advantage have not been formed。

With the national policy layout,The strong intervention of various industry giants is bound to impact the original industrial structureHowever, with their huge traditional resource allocation capabilities, GF's user base, and financial support, the early practitioners have a low probability of winning because they are not equal and the size is too different.

But because the application of blockchain technology is still in its infancy, now is the critical period to find out the application of time, who can take the lead in seizing the track, develop a killer application product, find a profit model, and quickly implement Whoever has market coverage will have the advantage to take the lead in industrial development. For practitioners, the blockchain industry is still a blue ocean market with huge potential and development prospects.

In the end, everyone also felt that there are not many opportunities left for early practitioners. They should explore more possibilities besides the existing model, instead of stopping at the same place and guarding their own one-acre three-point land. Think change.

There are even more irresponsible project parties who are afraid of difficulties, circled the money, and after taking the coins, the lofty dreams they once promised cannot be realized. It is different from self-destructing the future and disregarding the interests of the majority of currency holders. There will definitely be a day of liquidation waiting for them. It should be noted: the way of heaven is reincarnation, and the sky will spare no one.

For our investors,In the process of the industry gradually embarking on regulatory compliance, it is necessary to look more closely at projects in the currency circle and invest prudently, because many altcoin projects will perish in this process, and the altcoins held in their hands may plummet after the project party is exposed to inaction, causing group selling. The phenomenon that the strong get stronger and the weak get weaker will be even more cruel.

Back to the market, after the waterfall, it fell into the sideways stage again. At the hourly line level, BTC’s rebound volume is weak. Although from the MACD indicator, the short-term net long power is slightly stronger, but the shrinkage of the volume energy is difficult for the market to regain confidence and fall below the key point of 9,000 US dollars. It scares a lot of people. The short-term market is expected to continue the consolidation trend in the range of 8,700-8,900 US dollars, and there is a probability that it will hit the 9,000 US dollars upwards and strongly support the 8,300-8,600 US dollars range below, waiting for the recovery of the daily market.

Although the mainstream currencies have followed the decline of the market in the past two days, the decline has been small and the rebound has been strong, which means that there is a certain amount of support on the market. The hourly line level and the 4-hour level are gradually recovering the previous decline. Once BTC can stop If the decline stabilizes, the mainstream currency has a higher probability of going out of a wave of rebound, and we can deploy a small amount of relatively strong currency.

The domestic public chain currency that has been paying attention to recently has been affected by the decline of the BTC market for a short time, and the price of the currency has retreated slightly. The daily level MACD has formed a dead cross trend, but the overall volume can be released. The risk is low, and you can continue to wait and see.