Economic stimulus landed, Bitcoin continues to see new highs?
News side:
News side:
1. According to businesswire, Ether Capital Corporation (NEO:ETHC), a listed company in Canada, has recently purchased 11,264 ETHs, with a total expenditure of 19,616,110 US dollars (about 24,500,000 Canadian dollars). Based on this calculation, the unit price of the company’s ETH purchases is 1,741 U.S. dollar currently holds a total of 43,512 ETH.
2. According to The Block, investment management company Fortress Investment Group provided an early payment to the creditors of the collapsed cryptocurrency exchange Mt. Gox. The company is willing to pay up to 80% of what creditors owe. Creditors have been waiting for years to pay Mt. Gox since it closed in 2014. Creditors could also receive 90 percent of the value of their claims, under a proposal by a trust that manages Mt. Gox's debt. But Fortress estimates that payments under the proposal, which will be voted on in October, may not be released until 2022. "We now offer a liquidity option for creditors who want immediate access to cash or bitcoin, rather than waiting another 1 to 1.5 years," Fortress general manager Michael Hourigan said in the letter. billion for the purchase of these claims.
3. According to Whale Alert data, at 22:04 Beijing time on March 20, Tether newly issued 500 million USDT on the Ethereum network. The transaction hash is 0c9f8c0701548a01050d8b9eaac2fbfbb9fb955a80f2e379dac82283b60b3eec.
4. Hot searches on Weibo show that "Bitcoin has become a new means of money laundering crime" is on the Weibo hot search list, ranking 20th.
5. According to every report, on March 20, at the 2021 annual meeting of the China Development Forum, Mu Changchun, director of the Digital Currency Research Institute of the People's Bank of China, stated that digital currency will not be a subversive of the existing legal currency. Among the current payment tools, the digital renminbi is the most secure, and it is necessary to strike a balance between convenience and traceability.
6. According to China Business News, Mu Changchun, director of the Digital Currency Research Institute of the People's Bank of China, said at the 2021 China Development Forum that the digital renminbi is a legal currency in digital form, and controllable anonymity is an important feature of the digital renminbi. The second meaning of controllable anonymity is controllability. Digital currency must maintain the ability to combat crimes, but the concept of complete anonymity is impractical. If the protection of the privacy of ordinary people ignores the ability of RMB to combat crimes, it will lead to a very serious situation. serious consequence. If too much emphasis is placed on anonymity, digital currency may be targeted by criminals and become an illegal trading tool for pornography, gambling and drugs. In short, if the digital currency cannot meet the design of anti-money laundering, anti-terrorist financing, anti-tax evasion, etc., it will be rejected by one vote.
First of all, when talking about the illegal abuse of cryptocurrencies in China, the head of the team believes that various regulatory authorities have already imposed stricter regulations on cryptocurrencies in the country. Of course, the earliest regulation was in the United States, including Asia, and South Korea. Therefore, according to the head of the group, the encryption technology is in a traumatic situation, and it is still a double-edged sword for the financial management of various countries.
Just recently, the 1.9 trillion economic stimulus package in the United States has begun to be distributed, and its huge amount of self-funds has flooded the market in a short period of time. Then everyone can guess what the result will be. In the understanding of the head of the group, the money in the hands of the people of the country will increase. What follows is an increase in prices, which will lead to an increase in the value of assets.
But from an optimistic point of view, it still depends on the degree of mitigation of the economic crisis, which is still the basis for the next few years. Logically speaking, the currency that is questioned by the central bank in our currency circle is still Bitcoin, so when Bitcoin rises, other currencies have always benefited at the same time.
But at this stage, there have been many investors who like to get something for nothing. They don’t take the initiative to grasp the value of the currency, and even if they don’t get 10 times the profit; they can still enjoy the feeling of being in the same currency circle. , so the head of the team said that this is also the fundamentals of the currency circle this year.
But many friends are also very clear, that is, the current bull market is the first choice for holding coins. So when you have a full position in a certain altcoin, you have already become a gamble. Then in the future, you will completely rely on the rise and fall of the altcoin before winning or losing, and naturally your mentality will collapse in a short time!
Therefore, under the current general bull market situation, many friends have already begun to be forced to look for very high-quality investors. The increase is still lower than ten times the value currency, so this is the mentality of everyone in a bull market. The real reason is nothing more than the overflow of funds caused by the rapid rise of other currencies, so the mentality of eliminating low-priced currencies has begun. So the head of the team is here to warn all friends that within this year, you only need to work harder and you will get a lot of multiple coins. Of course, this is also the most basic reward for these hardworking in the bull market!
Leader 3.21 market analysis
—————————Bitcoin technical analysis
Bitcoin’s daily line receives an upward pin and receives 2 consecutive positives, while the kdj indicator is running downward near the price of the 90 axis, and the cross of the dif indicator’s fast and slow lines drives the macd to fall in green energy. On the whole, bitcoin is still Keep running in the range near the upper track price in the Bollinger Bands, and look at the market price chart of Bitcoin at 1:00 am on March 21. Bitcoin will be on the upper track price of the Bollinger Bands from around 21:00 on the evening of March 20th. After receiving a long upper pin nearby, it began to fall close to 2000 points, and the kdj indicator was running upwards near the bottom 0-axis price, and the fast and slow lines of the dif indicator crossed to drive the macd green decline energy to start shrinking, so Bitcoin is currently at a low level. In the shock adjustment stage, it was clearly stated in yesterday’s article that Bitcoin began to fluctuate after experiencing sharp rises and falls, and the third line of the 4-hour Bollinger Bands began to level off. However, support has been formed near the falling price of the Bollinger Bands, so whether Bitcoin can continue to effectively fall below depends on the technical aspects of the Bitcoin market in the evening, but the green downward energy of macd currently maintains a large-scale structure, and has received 2 consecutive declines. Comprehensive consideration Let’s look at Bitcoin’s price around $56,300. After all, this price is the support of the lower track price in the 6-hour Bollinger Band, and the kdj indicator keeps the 70-axis price dead fork running, and the dif indicator begins to increase in volume twice in a row, so today’s Bitcoin maintains To grasp the high-altitude thinking, pay attention to $56,300 at the bottom and $59,500 at the top.
From 18:00 on the evening of March 21st to 18:00 on the evening of March 22nd, the Bitcoin operation strategy is to short at $57,900, and rebound at $58,500 to cover short positions. The target is $57,000 to $56,800, and the stop loss is $59,100.
Go long at $55,600, retrace at $54,800 to cover long positions, target $56,500 to $57,000 and stop loss at $54,300. The strategy can only be used once and cannot be used repeatedly.
——————————Ethereum technical analysis
Ethereum’s daily line received 2 consecutive declines, and began to continue to close after receiving a long up pin, while the daily kdj indicator maintained a trend of combining the 80-axis high dead fork downward, and the dif indicator’s fast and slow lines crossed downwards to drive MACD’s green downward energy continues to increase. On the whole, the bullish price trend of Ethereum has begun to weaken, while the third line of the 6-hour Bollinger Bands market price chart begins to shrink and starts to fall continuously after receiving an upper pin near the price of 1868 US dollars, while kdj The indicator is dead crossing downward near the 80 axis value, and the crossing of the fast and slow lines of the dif indicator drives downwards to drive the macd green downward energy to continue to increase. Considering that Ethereum is concerned about the lower track price support near $1747, if it breaks the position and continues to look down, do not break the position and sell high To grasp the idea of low suction, look at the analysis of the market price trend chart of Ethereum on the 21st in the morning. It began to fall after a high of 1867 US dollars, and the price of the lower track of the Bollinger Bands began to open its mouth downward, collecting 9 consecutive declines, and the bottom of the kdj indicator The golden cross is upward, and the fast and slow line of the dif indicator crosses and begins to shrink. Overall, Bitcoin still looks at the rhythm of the sideways market. After all, the price of the third line of the Bollinger Bands in the 4 hours has begun to flatten, and the sideways time is too long, so the price of Ethereum is at There is no new news to stimulate and continue to watch the sideways rhythm.
Bitcoin operation strategy from 18:00 on the evening of March 21 to 18:00 on the evening of March 22: go long at $1,758, retrace at $1,728 to cover long positions, and target $1,780 to $1,888. The stop loss is $1708, the strategy can only be used once and cannot be used repeatedly.
