Market analysis: Bitcoin’s banner flicked, frightening the entire market

Industry news

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Industry news1. The National Internet Emergency Response Center released the first blockchain general security technology industry standard

2. China Baowu and other 26 industry leaders, financial institutions, technology platforms, research institutes, and professional institutions jointly released the

4、"Industrial Finance Blockchain Alliance White Paper"

3. Governor of the Bank of Canada: There is no need for a digital currency yet

6. Coinbase will launch a Visa encrypted debit card in the United States next year

BTC market analysis

secondary titleBTC market analysis

U.S. stocks fell 3% last night, driving BTC and the entire cryptocurrency market down. Yesterday we analyzed that the cryptocurrency market, especially BTC, is closely related to the traditional capital market, so we must consider the variables of the traditional capital market in trend analysis. So yesterday we emphasized,The impact of the general election on US stocks and gold is transmitted to BTC.

Sure enough, neither the 4H platform nor the 1H center was completed, and the trend returned to the 13,000 center of the previous 1H cycle. This time, the 1H center expanded to become the 4H center.

In terms of short-term strategy, wait for the K line to stand on the long-term moving average before making plans.

ETH market analysis

secondary titleETH market analysis

Once BTC ceased fire, the situation of ETH became even more embarrassing. Strategy: Continue to wait and see.

XRP/LTC/EOS/BCH market analysis

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But these 4H finishing forms are not bad, you can continue to wait and see. Looking at it now, there is no market for BTC, and it is difficult for other projects to rise. Therefore, be cautious about the behavior of operations, and friends who speculate in short-term can take a short-term break.

DOT/KSM market analysis

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DOT/KSM market analysisDOT is still not very competitive, there are too many retail investors, yesterday’s analysis we had the illusion that it can be maintained above the two black lines for consolidation, then the upward trend can form a new upward center with the reaching of market consensus, but As soon as BTC fell, it was brought back to the center of the 4H cycle. Now the long-term moving average and the K-line intensive area are supported. In the short term, the market will continue to consolidate at around 4.4. The new upward estimate depends on changes in fundamentals and BTC face.。