Iranian Miners' Uneasiness and Market Analysis
The U.S. House of Representatives held down Trump and restricted the Trump administration's military actions against Iran, but it couldn't restrain the uneasy hearts of the miners. A large number of miners are concerned about the situation in the United States and Iran, and are worried about the Iranian miners. They have speculated whether the Iranian miners are ready to evacuate at any time. However, in the domestic dry season and seven BTC mining machines have fallen below the shutdown price (data from f2pool), miners should worry more about themselves.
As we all know, the Middle East where Iran is located is rich in oil and natural gas, so the electricity price is quite cheap. The electricity price is only a few cents, while the domestic average price is 30 to 40 cents. Especially since 2019, Iran has introduced relevant policies to officially legalize Bitcoin mining, which has attracted a large number of miners. The advantages of electricity and policies have attracted a large number of miners. However, the historically complicated situation in the Middle East has also deterred them. The tension between the United States and Iran is tense, and Iran’s Bitcoin once reached 38,000 US dollars. The high currency price and risk aversion have made many eyes focus on Iran.
But the situation in Iran is much better than people imagined, and Iranian miners are not actually affected by the war. The attack did not take place in Iran, but in Iraq, and nothing in Iran was damaged. If you are worried that the United States and Iran will come and go, and the conflict will escalate into a war, there is no need to worry. On the same earth, the forces of various countries check and balance each other. If the United States goes to war with Iran, it must also consider the containment of other countries. After all, Russia and other countries have been supporting Iran behind their backs.
The cloud of war is looming, and the mood of the miners is indeed not high. Some Iranian miners are ready to run away at any time. However, more pressure is not on Iranian miners, but on those who host the mining machines. They are far away across the ocean, and they can only hear the news of the US-Iran conflict, but cannot understand the specific situation in Iran. "Three people become tigers", and many people hosting mining machines will be unable to bear the pressure and surrender.
Although Iranian miners plan to retreat at any time, their machines are still mining tirelessly. Knowing that Meiyi can't fight now, they can be regarded as relieved. The biggest worry for Iranian miners at the moment is nothing more than the new economic sanctions that Trump said the United States will impose. The long-term economic sanctions imposed on Iran by the United States have given Iran a certain "immunity" to this. The new economic sanctions may bring trouble to Iran. What is related to miners is nothing more than the increase in electricity costs in Iran. If Iran loses its electricity price advantage, can it still attract a large number of miners? I'm afraid the miners will be looking for a new paradise by then.
Yesterday, the BTC contract fluctuated in a range of up and down 100 dollars around 8100 points, and the price remained relatively high. It is expected to still fluctuate in this range today. In terms of operation, you can use high altitudes and low multiples in the light storage range, strictly stop losses, and wait for the market to give a direction choice.
Yesterday, the BTC contract fluctuated in a range of up and down 100 dollars around 8100 points, and the price remained relatively high. It is expected to still fluctuate in this range today. In terms of operation, you can use high altitudes and low multiples in the light storage range, strictly stop losses, and wait for the market to give a direction choice.
ETH hit a new high of 148 for this round of rising over the weekend and then quickly fell back. The current market is still in a high-level consolidation box. It is expected that the shock at this position will continue for a short time, and the operation can continue at a high altitude in the range of 148 to 141.5 boxes Low and long, pay attention to position control, strict stop loss.
BCH still maintains a high range of 275-258. The 4-hour online MACD is dead crossed at a high level. It is expected that the BCH/USDT contract will still fluctuate around this range. The operation can be based on the high altitude and low multiple of the shock box. Pay attention to risk control and strictly stop loss.
After hitting a new high of 51.93 last night, LTC maintained a strong consolidation trend. The price consolidation range remained at 49-51.93.
EOS is relatively strong among several mainstream digital currencies. It hit a new high of 3.276 today. On the 4-hour line, it closed a bearish engulfing K-line pattern. It is expected that EOS/USDT will enter a high consolidation trend and continue Observe and wait for the market to give a new direction.
When your talent can’t support your ambition, you should calm down and learn. When your ability can’t control your goal, you should sink down and practice. Only through learning, trading, and summarizing, can you learn I will understand that it is not that I am not accepted by the market, but that I was unwilling to change before. There are two types of investment, one is physical investment, which is to solve food and clothing, and the other is spiritual investment (VX: pzzz393), which is Realizing the value of life is a game and race against human greed and fear.
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