Market analysis: Bitcoin temporarily stabilized, the market ushered in FOMO sentiment
Industry news
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Industry news
3、1. Central Bank: There is no timetable for the official launch of the digital RMB system
2. South Korean cryptocurrency companies may disclose user identities according to legal amendments
The latest progress of the Polkadot parachain: the V1 version of the consensus code has been updated
4. OKEx: Legal counsel has been invited to contact the owner of the private key and the current status is good$9 billion
BTC market analysis
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BTC market analysis
The US general election basically became a foregone conclusion yesterday, and the possibility of subsequent variables is getting smaller and smaller. So rising sentiment becomes indecisive, moves stall and markets start to diverge. This disagreement will become more certain as the boots hit the ground, so yesterday I kept reminding everyone not to take chances and think that BTC can continue to rise in this round of trends. If Biden takes office, his plan is not to issue more dollars , To stimulate the stock market, but to find ways to stabilize the situation.You can look back at Biden’s policy tendencies when he was an assistant to Comrade Obama, and you will understand that if Biden takes office, it will be detrimental to the rise of the entire US stock market, because as one of the representatives of the Austrian school of economics, controlling risks is beneficial to The most important and safest course of action for the American elite.
Therefore, once the certainty is confirmed, the trend of BTC will have a high probability of a callback.
This is the result of our judgment.No matter how you judge the world and technology of BTC and blockchain, it is there and will never disappear. The only thing you have to do is to allocate part of your assets into BTC, which is the smartest way.
ETH market analysis
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ETH market analysisIs the positive fundamentals the factor leading this round of ETH? I personally think not. According to the previous tracking of ETH, we deeply understand that the market's attitude towards ETH2.0 is actually not positive, so before BTC did not break through 14,000 and rose sharply, ETH was oscillating at the bottom of the 4H cycle center of 385.It was not until BTC made a strong breakthrough and went up that it brought the market sentiment of ETH. This sentiment was due to the market missing the trend of BTC, so that Long Er, who had announced the news of fundamental changes, was hyped as a target that he did not want to miss. But judging from the current trend and volume,
ETH2.0 has not really turned into a dominant factor for the current ETH. Unless BTC does not make a sharp correction, the market will still have the logic of supplementing the rise. Otherwise, we are cautious about ETH's chances this round.
XRP/LTC/EOS/BCH market analysis
The spread from BTC to ETH to the entire cryptocurrency market has caused Fomo's emotions to be full of eyes, so all targets began to follow the trend to make up for the increase. But for the continuity of this Fomo market, we still need to take BTC as the banner and be ready to keep profits at any time.
DOT/KSM market analysis
secondary titleDOT/KSM market analysisDOT maintains yesterday's analysis, BTC ends up rising, this round must absorb the opportunity of the previous round of highs around 4.9, I believe
