Market Analysis: Over 100,000 Bitcoins will be delivered today, what impact will it have on the market?

特邀专栏作者

2020-12-25 10:56 (UTC+8)

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The whole market fluctuated, and BTC dominated, slowly rising to the top range of the 4H cycle center, close to the top of 24000.

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The whole market fluctuated, and BTC dominated, slowly rising to the top range of the 4H cycle center, close to the top of 24000.

Industry news

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Industry news

1. Bank of Japan prepares to launch CBDC by 2023

4、2. BlackRock is hiring a blockchain vice president

3. Elad Roisman, a cryptocurrency supporter, was elected as the chairman of the US SEC

6. According to skew data, Bitcoin options worth $2.347 billion (approximately 102,200 pieces) will expire on December 25.

BTC market analysis

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BTC market analysisThe whole market fluctuated, and BTC dominated, slowly rising to the top range of the 4H cycle center, close to the top of 24000. Grayscale continues to increase its positions, increasing both when it rises and when it falls. This is what a real bullish institution should do. The market's affairs are the market's affairs, and the grayscale's affairs are the grayscale's affairs. With the positioning of the word Grayscale, this company should make a difference in the 21st century.. If it is re-tested around 23200, if it does not break, and shrinks, it is possible to attack the top of the center again.

ETH market analysis

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ETH 4H cycle fell 548 and rebounded. Now it is going to rebound in 1H cycle. The 1H cycle rebounds to the vicinity of the 620 decline center, and there will be repeated processes.

The current form has a 1H callback to confirm the high probability event of the second buying point, and we are currently waiting.

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BCH/LTC/EOS/XRP market analysis

After liquidation, we judge that XRP is unlikely to be wiped out by the market, that is to say, the company will be completely abandoned. Because of the market position and infrastructure in that place, we felt that there was still hope, but we were busy with other things, so we didn't buy it back.

soThe main reason is also this situation, we don't have enough data and market monitors to keep an eye on the market. So it missed the position of 0.21, and rebounded from 0.21 to 0.35, which is a 66% rebound, and this rebound is indeed within our expectations. But as far as our subjective trading is concerned, there is no IT technology empowerment and market monitoring, which causes us to miss a lot of market conditions.so