Something happened to EOS again, did you agree to pull the DeFi banner while ETH was in a downturn?
U.S. stocks started to mess up last night, and technology stocks crashed again.
Since the U.S. stock market was closed on Monday, last night was actually the first time U.S. stocks opened this week, continuing last week’s decline. The Nasdaq fell more than 4%, and the performance of individual stocks was even more dismal. %, Facebook and Amazon fell more than 4%, Google fell 3.6%, and Tesla plummeted more than 20%, evaporating $80 billion overnight.
It can be seen that it is basically technology stocks that make trouble.
This also verified our original assumptions. In the first half of this year, the Federal Reserve released a lot of water. The performance of all industries and assets was relatively average or even difficult to protect themselves. The American people threw money into technology stocks that were least affected by the epidemic and even developed. This has created a flourishing world in which US stocks have broken their previous highs this year.
But at the same time, it also shows that if the U.S. stock market crashes, it will inevitably start from the technology stocks. The current market value of most technology stocks is dragged up by the funds that have been released, and they cannot be infinitely palletized. The current rise in technology stocks is relatively extreme. There are always hotspots connecting, Microsoft today and Google tomorrow, at least give investors an impression: US stocks have been rising. Otherwise, it will enter the other extreme, that is, a relatively sharp decline, but can this situation last forever? Unless the Fed keeps printing money.
Of course, the sharp drop in technology stocks this time does not mean that it will collapse immediately, but at least according to various channels and the holding performance of investment tycoons, many tycoons are staying away from US stocks, and perhaps it is really the unresolved Dalmos sword.
Compared with last Thursday, the U.S. stock market also fell sharply. The last time Bitcoin fell by more than 10%, this time there was basically no movement. Therefore, the market generally believed that the U.S. stock market led to the decline of Bitcoin. Why didn’t it take effect this time? ? The reason is that this reason itself is a false proposition.
If the U.S. stocks fall, they will choose to follow the decline if they meet the ideas of some dealers. If they don’t, it will be an instant matter to decouple from the U.S. stocks.
Some people also think that last time it was because there was a demand for a fall, but this time it was because it fell to a lower level and the support below was relatively strong, so it did not follow the fall. This kind of statement depends on one's own standpoint, and I don't know what standard it is based on.
In addition, something happened to EOS again today.
A DeFi project EMD on EOS, the Chinese name is Jade, basically announced that it has run away. 780,000 U, 490,000 EOS and 56,000 DFS were taken away.
At first it was only suspicion, but later it was discovered that the running away funds were being resold through various channels, which basically sealed the conclusion of the running away.
The scene after running away made most people in the currency circle feel sad. Many victims transferred money to EMD and left messages. Some threatened, some begged, and some even went bankrupt. It truly restored the bottom of the currency circle. status.
I vaguely remember that when this wave of DeFi was booming, EOS also ran out to catch the heat for the first time. The founder BM also said that EOS was born for DeFi, and it also paid enough costs for the development of DeFi projects. This time, DeFi on ETH When the project was blocked, many people thought it might be an opportunity for EOS. What happened?
It is not to say that EOS’s DeFi is completely rejected because of a project, but EOS itself has no room for veto. Originally, it is hoped that DeFi can return to a wave of spring, but such incidents are undoubtedly worse.
Such incidents also sounded the alarm for ordinary investors. Even for mining projects like DeFi, they should not be taken lightly. DeFi projects, whether it is EOS or ETH, have risks. They should not be blindly superstitious about mining. Bright eyes, beware of being fooled.
Going back to the market, the current big level has not changed much, and it is still in the shock structure of the bottom or falling relay. It is difficult to say which direction it will develop.
The trend of the hourly line can be regarded as the "hardcover version" of the daily line level, and it is also a oscillating structure in a region, but it can reflect more details.
It can be seen that $10,000 is a strong support, but it has fallen below the $10,000 support seven or eight times in the past five or six trading days. It is said that the support is not strong, but it can return to above $10,000 every time, but it is certain Yes, this support is really important.
In view of the multiple rebounds from below 10,000 US dollars, it is hard to say whether it is a strong technical support, but it must be the psychological support of most investors. Once it falls below 10,000 US dollars and no longer rises, it may cause a greater blow to the market .
In the near future, the general direction should not be determined so quickly for the time being. If you want to participate, try to step on the rhythm, consider the operation method of selling high and buying low, and set a strict stop loss.
