There is a high probability that big funds will rest during the National Day holiday, but the market may not be calm
Today is the last day before the holiday, and other domestic financial markets have entered the holiday mode ahead of time. If you look at the stock market next door, it has already started a small range of fluctuations a few days in advance. On the contrary, the unexpected fluctuations in the currency market are not too small. Whether it will enter the sideways mode is relatively uncertain.
On the one hand, large domestic funds will choose to rest during the holidays. Take the stock market as an example. During the National Day, the stock market does not open for eight days, and the uncertainty is too great. Always focus on risk control.
However, investors with large funds in the domestic currency market are more in line with the concept of the domestic investment market, and they will most likely choose to rest. Another important reason is that when it comes to holidays, ordinary investors also mainly go out to play and relax. The enthusiasm for trading has faded, so the probability of the currency market being relatively flat is relatively high.
On the other hand, the external market opened normally during the National Day. Recently, the Bitcoin market has changed greatly following the influence of the external market. Therefore, once the check and balance of large domestic funds is lost, the probability of synchronizing with the external market will be greater. At that time, Bitcoin will fluctuate. The extent depends on the face of the external market, not necessarily always remain flat.
During the National Day holiday, if you continue to pay attention to the market, you need to pay attention to the contradictions caused by the above two different factors.
In addition to the bitcoin market, the project may not be so calm.
October is also a period of frequent projects, including the DeFi project that Yu Wen is still in, and Filecoin will be launched in three weeks. The related hotspots of decentralized storage are also expected to receive attention.
Before the launch of Filecoin, DeFi projects will still dominate the market. When DeFi hotspots broke out in the early stage, many new project parties paid attention to DeFi hotspots and began to plan DeFi projects. According to different time spans, there will be projects from September to October. launch peak.
The DeFi projects launched later do not necessarily mean that they are not good. Some places even have stronger advantages. The DeFi market is constantly improving. The advantages and disadvantages of the early projects are so obvious that there will be no blind imitation projects in the later stage. The bright spot is that part of the improvement based on the high-quality projects in the early stage may bring an uncertain experience to the market, and it may not necessarily usher in a small climax in the later stage.
Needless to say, domestic projects have reached the point where "everyone is shouting and beating". The DeFi launched by the so-called domestic first public chain some time ago is unsurprisingly disappointing. What's more, domestic project parties rarely participate in this Opportunity to launch a new project.
The bright spot should still appear in foreign projects. First, there are no holidays in the periphery. Secondly, even considering the Chinese market, the time in October is relatively short. There are only about 20 days left after the holidays. When the time comes, they will be released together. The competitiveness is very strong, even if it is good The project will also be covered up, so it will be released during the relatively less lively November holiday.
This timing is actually an opportunity for ordinary investors. After all, during this time period, many funders are more relaxed than usual. If ordinary investors find high-quality projects, it may be a preemptive move. Opportunity.
Regarding the turmoil in the market during the National Day, it is mainly aimed at investors who still pay attention to the currency circle during the National Day. If it is not necessary, it is recommended to take a good rest, occasionally read our articles, and pay attention when you have the opportunity. The rest of the time should be recuperated and fought after the festival.
The level of the current daily line is the contracting triangle structure in the rough picture. After the market pulled out the positive line yesterday, it has directly returned to its original position so far today. From the perspective of the cycle of the daily line, there is a high probability that this contracting structure will be completed during the 11th holiday.
The rhythm on the hourly line is relatively clear. It is still difficult to stand firm at $10,800. The shock structure is regarded as a shock market. At present, it still needs to see whether the rest of the day can successfully counterattack above $10,800.
ETH
Recently, due to the decline of DeFi, the price of ETH has not performed well. The trend is similar to that of BTC, but it is weaker. We still need to wait for opportunities. The current $360 is a more critical position.
After returning from the holidays, there are three possible ways for ETH to rise. One is that the rise of Bitcoin drives ETH, the other is that DeFi has another small climax, and the third is that after the launch of Ethereum 2.0, it stimulates the rise of currency prices. The future imagination of ETH is still relatively large.
Uni
Apple's family bucket finally became iphone12, and its price on Binance reached a maximum of around 15 US dollars, and then fell back. The current low is only less than 0.5 US dollars, which is still relatively dangerous.
But there is no need to worry too much about Uni. It has been a long time since the coin was issued, and the overall structure has almost stabilized. The coins that should be mined should be traded on it. The follow-up progress of normal projects after the issuance of coins is relatively weak. As the largest decentralized exchange, Uni expects to show more outstanding business capabilities.
