Market analysis: I heard that there are not enough institutions to buy Bitcoin. Is this a good thing?
Industry news
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Industry news
1. South African financial regulator proposes to treat cryptocurrency assets as financial products
2. PayPal and Square’s average daily bitcoin purchases exceed bitcoin output
5. Encryption investment company Pantera Capital will issue up to $134 million in stock
BTC market analysis
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BTC market analysis
The emergence of any news of BTC above the trend will be understood and translated by the market as good news. The rise from 13,000 to 18,000, and the rise of 5,000 (40%) have caused the entire industry to have a bull market, which seems to have overshadowed With the news of American University and RCEP, the market is completely filled with the optimism that a digital currency will dominate the future. This optimism continues to spread and expand, allowing more and more institutions to join. The participation of institutions makes the market continue to go well and continue to go well After that, it attracted more and more retail investors who were afraid of missing the market.
The trend is still there, and the expectation of 20,000 is still unknown. Hold positions and wait for the building to tilt before skydiving. The most important thing about skydiving is to open the umbrella, don't hesitate.
ETH market analysis
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Before there is a trend reversal in BTC, the fermentation of 2.0 will also help ETH to increase its space again. Everything depends on the main variable factors.
XRP/EOS/BCH/LTC market analysis
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The support of mainstream institutions has allowed small coins to fly together. This is also the reason why there are too few good investment targets in the cryptocurrency world. Of course, this is also the reason why this market still has great development. The biggest variable factor is the trend of BTC.
KSM/DOT market analysis
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KSM/DOT market analysis
The daily watershed of DOT5.5 was broken down yesterday. It has entered the craziest trend range of DOT. In such a crazy market, it will be wrong to predict that any position is the top. The madness of the market will refresh new tops again and again, just like 5.5. No support, obviously in such a market, people at 5.5 would not support the market at the beginning, but accelerated their escape in order to keep profits and principal, which would accelerate the decline of the market.
