CryptoExplorers says
In the recent market, as long as there are fluctuations at night, no matter whether it rises or falls, it will be horizontal during the day. It is boring to die. Either the western rhythm or the Asia Pacific rhythm. Anyway, as long as one side works hard, the other side will observe and the market is no longer It was the joint force market when the main Shenglang was before. The rise at that time was a global joint force grabbing chips. After grabbing in the morning and grabbing at night, it was crazy pulling every day. Now that there are so many profitables, there are certain differences, which are inevitable. The market is still at a high level of handover. Some people still don’t think that they can quickly reach a record high unless the market reappears with epic-level positives, such as a certain A large number of countries bought Bitcoin as a store of value, or Bitcoin ETF was approved by the SEC, etc.
The Norwegian business tycoon Spetalen bought $50 million in Bitcoin. The buying logic is that Bitcoin can be used as the foundation layer of the new financial architecture. This view has rarely been heard before. The rich man is optimistic about the future of Bitcoin investment as a currency attribute. At present, some banks are indeed beginning to accept Bitcoin mortgage loans, and many companies such as Tesla, Mellon Bank and VISA accept it. Bitcoin payment, but when the legal digital currency appears, Bitcoin will not be so popular, as a formal underlying financial asset, we are still difficult to judge, we need to observe a period of development trend.
However, the governor of the Bank of Korea said that the central bank's digital currency issuance will reduce the demand for bitcoin payments. This madman disagrees at all. If blockchain is used all over the world, when there are no grey areas in the world, Bitcoin’s anonymous features will be used in large quantities, and its own features will be completely released. Underground networks The power of Bitcoin will be even greater because of Bitcoin. Don’t forget that the network we can see is only the tip of the iceberg of the online world. The huge network is under the sea and it is difficult to directly access.
The CEO of Mastercard said that he is not interested in Bitcoin. VISA, which is on the same track, has completely accepted encrypted payments and has begun to participate in encryption cooperation. In a few years, two companies at the same level and on the same track will move towards different strategies. In a different future, VISA will surely kill Master Card ten streets because of cryptocurrency.
The UK Tax Office will release a new bill on cryptocurrency next week, which will give corresponding guidance on the interest earned by borrowing cryptocurrency. Regulatory supervision of cryptocurrency has become more and more in-depth, as long as the supervision provides a channel for "payment" , To make cryptocurrency legal in more countries, the general trend of this thing is already difficult to resist.
Indonesia will launch a state-owned crypto exchange. This is even more ruthless. Direct countries have opened exchanges. Exchanges in the currency circle are not as good as my country’s own earning, rather than earning tens of billions of dollars a year for entrepreneurs like you. It’s nothing for a big country, but for a poor country like Indonesia, it’s a huge fiscal revenue. In the future, more and more poor countries will do this first, and eventually small countries will use state endorsements to force big countries to participate. Is it very interesting.
The Soros Fund has invested in a number of companies that provide crypto infrastructure, such as exchanges, asset management companies, and wallets. Some of these traditional veteran investment companies buy coins, and some directly lay out the industry, which means they are very optimistic about the future development of the industry.
Market analysis
Bitcoin:
As long as Bitcoin does not break through 56500, you can squint first. If you break through and stand firm, you can consider turning into a long position. The current market people think that the market is still volatile and does not have the momentum to continue to rise, especially on weekends in Europe and the United States. Most of the time there is still no market, the weekly closing like this left suspense for next week, neither good nor bad, nobody can give the overall direction.
ETH:
The daily line went pretty well today, the previous big Yin line was recovered in two days, and the high-level triangles were mainly organized.
DOT:
The cabinet still fluctuates at a high level, and the trend is not as good as ETH.
XRP:
The amount of rebound may not be too large. The subsequent rises and falls are purely based on the mood of the main funds, and there is still a chance to break through visually.
LINK:
After encountering strong support, it rebounded for two consecutive days, and the rebound should be about the same. You can consider reducing the position.
ADA:
Yesterday’s price rose too sharply, but today it is consolidating, and the overall price hasn’t gone bad. You can still hold it first.
TRX:
It has reached a new high in two days. Looking at this kind of trend, the main force has to pull, and it hasn't finished.
FIL:
Many people who have risen are boiled, but I still hope that everyone can clarify the fact that 90% of the computing power of FIL's top 40 mining pools is in China, and the current packaged data is garbage data. Distributed storage technology has not yet been proven. There is a demand. For this kind of speculation, it should gradually lighten up with the rise.
UNI:
The rebound is not strong, and there is little sustainability.
CAKE:
The CryptoExplorers judgment on the fundamentals yesterday seemed to be recognized by the market, and the proposal to reduce production by 20% was also voted last night. At the moment, it’s okay to see the situation. Let’s participate by yourself, and we will not continue to analyze it later.
CFX:
From the beginning to now, it has more than doubled, and there are clear expectations for BSC mining and listing on Binance. Therefore, you can continue to hold the currency in the 5-day line warfare, and everyone can play on their own.
The storage sector was driven crazy by FIL today. This action is unsustainable, because the hype that breaks away from the fundamentals is just a dick. The market as a whole has no direction at present, and continue to wait for the main.
That's it for today, I wish you all a happy weekend, see you tomorrow.
