Ethereum drives the entire market to take off, and the main force changes direction?
Gate.io Research Institute today released the report "Research on the Significant Impact and Future Evolution of Grayscale and Other Cryptocurrency Trust Funds on the Market". The report pointed out that cryptocurrency trust funds have now become a battlefield for capital competition. Cryptocurrency trust funds represented by Grayscale (GBTC) will far outperform many traditional financial products in terms of investability in 2020. With the influx of investment institutions into the market, cryptocurrency trust funds are more likely to diversify in form in the future, and can be used as a tool for hedging inflation in value, and even the industry may reach its peak in the next two years, while trust funds Funds will be more widely recognized as a compliant investment channel for cryptocurrencies, and will achieve more diversification or differentiation in terms of targets, mechanisms and functions.
Xinhuo has collected comprehensive data on today's market sentiment. Today's panic and greed index is 78 (76 yesterday), the level of greed has increased, and the level is still extremely greedy. Note: The threshold of the panic index is 0-100, including indicators: volatility (25%) + market trading volume (25%) + social media popularity (15%) + market research (15%) + bitcoin in the entire market Proportion (10%) + Google hot word analysis (10%).
As the market continues to become popular and gets more recognition and applications, the future development prospects will become bigger and bigger. At the same time, everyone needs to be alert to risks. The market is gradually expanding, and the market is getting higher and higher. The greed index will also rise accordingly. It is necessary to prevent the main capital from short-selling in real time. Once there will be two or three times.
Talk about the market:
Ethereum’s triangular shocks have converged, rising more than 300 points unilaterally, and recording a new high again. The less you believe in evil, the more desperately it will rise. When the leeks are almost harvested, the capital is exhausted, and once the capital is withdrawn, a large position will be liquidated. Ethereum Compared with Bitcoin, the market itself is too small, and it is very easy to be swayed by capital. This kind of short-term market has no meaning for analysis. What needs to be mentioned here is what we should do when Ethereum breaks through 1600. Xinhuo recommends that contract traders go out and wait and see at 1600. If it is only a sideways shock, then we can choose an opportunity to enter the market around 1595. If there is a relatively large decline, then we can chase short positions or wait and see with short positions.
The current performance of Bitcoin is not worthy of our attention. The market is fluctuating with Ethereum and even slightly weak. Xinhuo recommends that investors focus on the current strong currency.
