After the long-short double burst, the market shrinks and organizes, pay attention to the new trend of Bakkt's entry
According to The Block,The New York Department of Financial Services (NYDFS) has approved Bakkt to officially launch its institutional custody business. Pantera Capital, Galaxy Digital and Tagomi have already signed on as initial clients of the “Bakkt Warehouse”, with other “large players” expected to join in the next few weeks.
Judging from the first batch of contracted customers, they are all large digital currency investment fund companies in the market. The reason why they choose Bakkt as the custodian institution is thatThe hard power behind Bakkt, compliance supervision and security and stability guarantee。
Bakkt was founded by ICE, the parent company of the New York Stock Exchange, and has successively received financing support from Boston Consulting Group, CMT Digital, Eagle Seven, Galaxy Digital, Horizons Ventures, Microsoft Venture Capital, M12 and many other consortia. It is online and subject to the compliance supervision of institutions such as the US SEC and CFTC.
With the gradual increase in the trading volume of Bakkt Bitcoin futures contracts and the promotion of institutional custody business, it is expected that more and more institutional users and individual users will enter the market, thusA brand new cryptocurrency market giant dominated by the old financial system is about to be born, which is likely to have an important impact on the entire cryptocurrency market, in terms of BTC pricing power, cryptocurrency market dominance, derivatives transactions, regulatory compliance, and market flow Sexuality, etc., show power。
We need to pay attention to the potential impact of this trend on the market and prepare for it in advance. Simply put, it isThe market will become increasingly regulated, formalized and regulated, the volume of the market will explode,The investor user group will gradually transition from the retail market to the institution-led market, There is not much time left for ordinary retail investors. we need toChange the concept of popular speculation in altcoins, and pay more attention to mainstream currencies and value investment fieldsOperation suggestion:
Operation suggestion:
BTC: Looking at the general trend, after BTC broke the MA60 daily moving average due to policy-related good news, there was no sustained rise to consolidate the foundation. Instead, it fluctuated up and down along the MA60 daily moving average, and the moving average may pose greater pressure becomes a false breakthrough,The market situation is not as good as expected, and the market may fall into a trend of shocks and decline. On the whole, the market takes 8200-8600 US dollars as the bottom range, 8800-9000 US dollars as the recent pressure range, and consolidates the trend within the range.
In the short term, the dead cross of MACD at the daily line level is a signal, which means that the trend is bearish in the short and medium term. Yesterday, the dealer’s wanton control of the market and the double explosion of long and short made the market extremely cautious.Investors are worried about the malicious manipulation of the market by dealers and have panic about the future market, so they dare not enter the market immediately, and the wait-and-see situation is very strong. In this case, the market may continue to fluctuate slightly for a period of time to sort out the trend. Of course, at the current point, it is still a good time to make a regular investment, and focus on the breakthrough of the key point of 9,000 US dollars.
ETH: Both the hourly and daily levels are in a state of shrinkage. The short-term support range is 180-185 US dollars, and the pressure range is 190-200 US dollars. As the market does not break down further, it is mainly to wait and see.
LTC: At the hourly line level, the currency price has retreated slightly, but it has always been stable above the support of 60 US dollars. If the support is not broken, there is a probability that it will continue to rebound in the future.
BCH: The trend is in sync with that of the broader market. The currency price at the hourly line level has retreated slightly, but the upward trend has not been destroyed. The range of 290 US dollars can stand firm. After breaking through 300 US dollars, there will be new market conditions. Continue to pay attention to the internal power of Bitmain The follow-up to the battle and IPO-related news.
EOS: Hourly line level, shrinking and finishing trend, MA360 moving average constitutes strong support, short-term pressure is at 3.5 US dollars, after the market stabilizes, it is expected to usher in a rebound trend.
XRP: The trend continues to be weak in the short to medium term, and the rebound volume is less than expected. The pressure range is 0.29-0.30 US dollars. Before an effective breakthrough, it is not recommended to participate.
ETC: In the near future, it has been shrinking and finishing, operating in the range of 4.8-5 US dollars, and the pressure range is 5.2 US dollars. It needs to stand firm before ushering in a new market.
Platform currency: The overall trend of shrinking and finishing is maintained. When the popularity of the IEO concept has subsided recently, the platform currency does not have a good hype hotspot and market. BNB continued to organize its trend, with a range of 19-21 US dollars; HT consolidated its trend around 3.8 US dollars, and its volume continued to be weak; OKB was suppressed by the 4-hour MA60 in the short term, and it was difficult to effectively break through when the volume was insufficient; GT continued to shrink its volume The trend runs along the MA60 daily moving average.
Altcoins: The overall trend is still weak, and the altcoin market has not yet come, so it is not recommended to participate in heavy positions. The domestic public chain currency will continue to maintain a shrinking trend, and the currency price will fluctuate slightly, and continue to wait and see.
