Market Analysis: Mid-Autumn Festival, the market also needs to rest
market news
market news
1. Members of the U.S. Congress: As long as the encryption subject abides by the rules, the regulator will ensure regulatory certainty
2. Venezuela is studying the feasibility of increasing the use of cryptocurrencies in trade
3. UK law reform proposals to boost cryptocurrency boom
4. DAppTotal: The total circulation of stablecoins in September exceeded 20 billion US dollars
5. Foreign media: the current number of encrypted friendly banks is three times that of 2018
7. Deutsche Bank: CBDC may challenge the dominance of the US dollar
BTC market analysis
BTC market analysis
U.S. stocks rose sharply last night. Every time China has a big holiday, U.S. stocks have to perform. This is of course reasonable, because after the currency channel flowing to China's asset allocation stops, more asset allocation will go to a larger capital market.
Money flows in like water, and a rising tide lifts all boats. And can BTC also follow the rise of U.S. stocks?
The answer may be not necessarily, even if it wants to rise, it will be far lower than the volatility of US stocks.
Therefore, the range is difficult to get rid of. Continue to look at the range shock of 10600-11200. The central axis around 11000 is a long-term event.
ETH market analysis
ETH market analysis
The Ethereum 10.5 testnet is about to come out, there are some changes in the fundamentals, and the market is shrinking and fluctuating. Although the amount of energy has not been effectively enlarged, the market estimates that there will be a 4H cycle response. We saw a high line before and saw a range high of 388, which also confirmed the subtle changes in the fundamentals from the technical perspective.
Although the space of 360-388 is less than 10%, the relative certainty is relatively certain. The main reason is that the loss of encrypted exchanges is too high, so the operability is reduced. This market has not really exploded yet, because the transaction fees and loss are too high, which has led to the market not yet reaching the time of expansion.
Let’s talk about this later, ETH can pay attention to it in the short term.
slightly. Happy National Day and Mid-Autumn Festival!
DOT/KSM market analysis
DOT/KSM market analysis
