Market analysis: the future of optimists, 9300 is unstable and 8200 is visible
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Event Highlights
1. The average fee for Bitcoin dropped from $6.65 on May 20 to $3.07 on May 25, a drop of nearly 54%. The median (the most common fee) hit as high as $3.91, but has now dropped to $1.65. There has been considerable speculation that Bitcoin's block reward halving could destabilize its blockchain.
2. Asset management company Grayscale (Grayscale) reported in May that the launch of central bank digital currency (CBDC) will not damage the value proposition of Bitcoin, but will give it a shot in the arm. The report suggests that regardless of whether the CBDC is successfully launched, it will allow institutions to consider adopting digital currency infrastructure to strengthen the status of non-sovereign digital currencies such as Bitcoin, as well as provide users with an educational basis so that they begin to notice the relationship between Bitcoin and CBDC. difference between.
Furthermore, the report emphasizes that Bitcoin is special not because it is a digital currency, but because it is a scarce, uncompromising, apolitical currency that can be used by anyone.
4. The U.S. plan to delist Chinese stocks may drive bitcoin sales. According to the analysis of an article by NewsBTC on May 27, the U.S. House of Representatives is currently planning to delist Chinese stocks from the U.S. market. If the U.S. government succeeds in delisting the companies, it could be a major boost for bitcoin as more people turn to cryptocurrencies to escape mounting economic turmoil.
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Event Comments
First of all, it is necessary to make some explanations and comments on why you choose these few times to comment. The first important news is that the halving of bitcoin rewards will not affect the stability of the bitcoin market. The stability of the digital currency recognized by the market also proves the market value of its digital gold.
Therefore, even if the stability of Bitcoin fluctuates in the short term, its long-term value will not be affected. At the same time, as the market model becomes more and more mature, its transaction costs will continue to decline, gradually approaching the normal level of financial services.
The second important news, the withdrawal of CBDC will only strengthen the market position of BTC. As we said in the previous article, the problem of the current monetary system is the decoupling between gold and currency issuance, and the 21 million of BTC naturally solves the problem of people The worry in my heart is the return of the digital golden age of currency, so that each country will no longer be afraid of you harvesting me, nor worry that I will cheat you with fraud. So BTC is the best anchor that is similar to gold but more portable than gold.
The third important news shows a very important issue. Many people still stay on the specific application of the blockchain, instead of putting the significance of the era produced by the blockchain technology on a historical strategic height. This is the current situation in my country. Weaknesses in this area. It’s hard to comment on this point, because if you don’t speak well, you will be drinking coffee. You can only use a metaphor. You are thinking about how to play this card to maximize value, but others are formulating the rules of the game. So the specific application is not wrong, but the aspects proposed are not of great value, and it is really suspected of being a bit flattering.
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BTC market analysis
BTC market analysis
The 4H band does not break through 9300 this time, and the bottom of 8600 is adjusted to the risk observation area of 8200. Short-term volatility is increasing.
Otherwise, judging from the current strength of the shock, the overall is weak, and the daily line may fall to the bottom again, and the possibility of directly breaking through 8200 cannot be ruled out. At present, the risk is too high, and no trading signals and opportunities have appeared yet, so wait patiently. Short-term masters can quickly break down around 8550 to place an empty order, grasp the position by themselves, and don’t be impatient, for fear that the short order will explode and the long order will explode. The leverage must be low.
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XRP, LTC, BCH, EOS market analysis
XRP, LTC, BCH, EOS market analysis
The bottom of the daily trend is still not clear, but the trend is slowing down, the short-selling sentiment is released, and there is a chance of a slight recovery in the 4H cycle, but since the daily trend has not changed, that is, there is not much opportunity and space for doing more, so we should be cautious about this small level of opportunity.
