Bitcoin has a chance to rise after repeated fluctuations in the $8,600 range
In order to sort out the events, look at the two worlds of blockchain and the digital world.
Zhang Yaguang, Peking University: Digital currency and blockchain will make financial activities more complicated;
Zhang Zhanbin: Promote the application of blockchain, enhance the leadership and control of the industrial chain and supply chain;
The Bank of France tested the internal test of the euro digital currency, which was recognized by the Federal Reserve Chairman Powell, who also expressed the ability to create digital currency;
Morgan Creek co-founder Jason A. Williams just tweeted: "Bitcoin is a Ponzi scheme and I'm a Bitcoin hater."
Founder of BitcoinAdvisory: The best insurance in the world is to hold the entire Bitcoin.
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No matter how the news is confirmed, whether it is recognized or denied, it is no longer possible to deny the impact of blockchain technology, a great creation, on the world. It is impossible to deny that all countries are actively exploring the application of blockchain technology, and digital currency has an ambiguous status due to its decoupling from sovereign currency and cannot be truly recognized by the mainstream.
But it is an unstoppable trend, BTC has become the anchor currency of the world's exchangeable digital currency, which is the consensus of the world. This consensus was cast by voting with your feet.
Yesterday, the Bank of France stated that it could try to use digital currencies such as ETH and XRP as a test for internally issued digital currencies. This also proves that the mainstream currency has gradually been recognized by the world's mainstream central banks.
BTC market analysis
BTC market analysis
As shown in the picture above, the bottom of 8500-8650 still needs to be repeatedly oscillated and verified. How the history goes, how to set the present, there is nothing new under the sun. Although it broke through 8600 yesterday, it was not heavy-duty, so we did not enter the market. We still need to wait for the bottom to be determined. The bottom needs three criteria to determine, one is time, the other is space, and the third is the sentiment of participating funds.
Looking at it now, the space has been reached, but the sentiment of time and funds has not yet been reached, so we still need to wait for the confirmation of the result after repeated shocks, and continue to wait for the confirmation of the entry signal.
In addition, it is worth reminding that our analysis is based on the short-term cycle to confirm. Whether there is a market above the long-term or daily line needs to be judged according to the specific time of the market and the expectation of funds after the 4H cycle is over.
ETH market analysis
ETH market analysis
Yesterday we analyzed the ETH card face a little boring, but it does not prevent small fights to earn some small chips. Interval top-middle-bottom-revised bottom: (215-203-193-185) The interval anchor line is clear, 30-50% of the entry before the 193-185 bottom and the revised bottom, and the upward breakthrough of 203 will gradually reduce the position.
From the chart above, the volatility of ETH trend is gradually narrowing. In addition, the current market sentiment of ETH is generally unanimously optimistic. Once the market shows the trend expected by most people, it will be easy to attract funds to enter the market.
EOS market analysis
EOS market analysis
BCH market analysis
BCH market analysis
LTC market analysis
LTC market analysis
XRP market analysis
XRP market analysis
Yesterday's analysis of the 4H cycle must have another drop has been completed. Today, we will continue to focus on the defense of the 0.178 position. At present, the market confidence is not enthusiastic about XRP, and it is not recommended to trade this currency.
