Industry information

Industry information

On July 2, Cointelegraph added a report on the case of "Richard Gratkowski used Bitcoin to participate in child pornography criminals", in which the court compared Coinbase to a "traditional bank" and cited a 1939 Supreme Court decision. decision, which held that bank records were not protected by the Fourth Amendment. Judge Catharina Haynes said Coinbase was a financial institution, a virtual currency exchange, that provided bitcoin users with a means of trading bitcoin. The main difference between Coinbase and traditional banks is that Coinbase deals with virtual currencies, while traditional banks deal with physical currencies. In the morning news, the Fifth Circuit Court of Appeals in New Orleans rejected the claim of a defendant, Richard Gratkowski, that the defendant claimed that the Bitcoin transaction records held by Coinbase could not be used as evidence against him. Gratkowski was convicted and sentenced last year on child pornography charges, using bitcoin to pay for the pornography. Gratkowski filed a motion to enjoin the investigation of that evidence, citing the Fourth Amendment's prohibition against unreasonable searches and seizures.

Recently, Ethereum followed the Bitcoin market and has been in a low-level consolidation period. However, with the shock and upward movement of the previous two days, the current market has risen to around the 231 line; since the market reached the lowest point of the monthly line last week, the market has been rebounding Recently, the daily lows of the Ethereum market have been moving up. Yesterday, the market had a small rise at 4:00 pm and 9:00 pm. Although the overall fluctuations are not very large, for the overall layout of Ethereum, It is of strategic significance; since if the market successfully stands above the middle track of the daily line BOLL, then July believes that the market outlook of Ethereum will reverse, and the bullish trend will start!

market analysis

Looking at the 4-hour chart, the Bollinger track expands as the currency price rises, and the upward test of the currency price is blocked by the suppression of the 232.3 line, and there is a callback. Going down through each moving average, forming a short-term first-line suppression above the currency price, the currency price fluctuates below it, and its various moving averages are arranged in a multi-headed arrangement to resonate upward, forming a heavy support below the currency price. From the perspective of the attached indicators, the MACD speed The line opens above the zero axis and runs upwards, the energy of bears gradually shrinks, the three lines of RSI are parallel in a narrow range, and the three lines of KDJ converge to form a dead fork and diverge downwards. On the whole, in July, the market trend is considered to be in a turbulent adjustment posture, with more callbacks within the day Single main.

Operating strategy:

Operating strategy:

1. Ethereum rebounds to the 233-235 area, it is recommended to enter the short position, stop loss above 238, and the target first looks at 227-225;