CryptoExplorers says
Yesterday, the CryptoExplorers small house opened for the first time to admire, and the result was shocking to me. It turned out that the siblings who lived in the small house were really brothers and sisters fighting together. This time, not only did the number of admirers exceed the previous big house, but even the amount of money has reached a record high with Bitcoin. It is important to know that the reading volume of the small house is only half of that of the big one. It is unimaginable to have such an incredible combat power!
The appreciation of more than 7000 people, the CryptoExplorers has no ability to thank you one by one, but I have accepted this blessing and moving. Only by providing better content in the future, so that everyone can get more value, is the real thing. Don't vomit to the market when you make money. When others are greedy, we will gradually settle for safety. In the long run, the probability is correct!
The Indian Finance Minister finally released a new report on India's ban on cryptocurrency. India will propose a law that prohibits all forms of cryptocurrency, including trading, holding and mining, and if investors do not liquidate their investments within 6 months, they will be fined. Ah San is very ruthless this time, which is equivalent to a complete ban on cryptocurrency and the surrounding area. Fortunately, Indians don't play Bitcoin too much. This law should be placed in our country, and it can throw a hole in Bitcoin. I don’t know how Ahsan zf considered it, but the original intention is to protect the people from taking orders for the United States. A few big heads slapped and felt that the price of Bitcoin was too high. Don’t let the people’s wealth be looted, otherwise it is reasonable. There shouldn't be such a serious prohibition.
In the past 7 days, coinbase has a net outflow of 12,000 bitcoins, and the rate of net outflow has slowed slightly. However, the number of bitcoins in the overall exchange wallet continues to decline, indicating that institutions are still in the mood to buy and withdraw coins, so they do not have it yet. The environment where the bulls turn to bears.
Grayscale published a gbtc advertisement in the "New York Times" to let everyone discover the fun of the Bitcoin world. Grayscale is fighting this time. On the one hand, it offered 250 million US dollars to buy back gbtc, and on the other hand, it went to market to promote GBTC. It seems It is the intention to turn the gbtc discount into a premium, which will play a certain role in stabilizing the market behind.
At the same time, the founder of Grayscale also revealed its 6 more promising currencies, btc, etc, zec, zen, mana, lpt. We don’t know the specific logic, but from the perspective of gray positions and newly-added trust targets, the butt determines that the head still takes the first place, so it is for reference only.
BTC's open positions reached 23 billion U.S. dollars, another record high. Again, as long as both volume and price rise, there is no reason to turn the bull into the bear.
Gemini Lianchuang said that the US stimulus plan will inevitably flood into Bitcoin. This madman agrees very much that with the gradual arrival of the epidemic relief money over the weekend, there will be a lot of Bitcoin copying, so the currency price will be repeated at high levels. There is a high probability that a unilateral decline will not occur.
There is no big news on the weekend, it's relatively calm, right?
Market analysis
Bitcoin:
Today’s plunge has basically established a short-term high. It seems that the madman is right to call everyone to lighten up in a frenzy of over 60,000. To avoid a wave of callbacks, just take out a few cents to reward the madman, and the madman will do it. The most important thing is that this support is better than giving it to the market, right? Many people hope that I can give firm guidance and engage in fee groups, but the madman also needs to do transactions, so I really can’t spare my hands to bring everyone together. I write articles every day and actually write my own trading plan. I hope you can refer to these logics. Do your own transactions according to your own understanding. You have to rely on yourself to make money. Others must be unreliable, so don't just look at the ups and downs every day. Look at the logic behind it, maybe it will be more beneficial to your growth.
The short-term callback trend is basically established. If the rebound can exceed 58000-59000, it is still an opportunity to lighten up. The current position of 55000 has a certain support, so there is no need to panic.
ETH:
It is still mainly linked to Bitcoin and does not have its own market. The miners' discussions on EIP-1559 are still in a stalemate, so the fundamentals are relatively poor, and they wait patiently for the market to be repaired before participating.
DOT:
Under this kind of plunge, it is difficult to have its own independent market. It seems that there will be a linkage callback. Those who entered yesterday will come out first when they rebound. In terms of data, 1998 unlocked this week and 557 pledged last week. This data gap is a bit big, which is not a good thing.
XRP:
Ripple executives continued to clamor for the SEC, saying that the SEC's auditing of accounts is ultra vires. Let the gods fight first, and let's look on the sidelines.
LINK:
Linkage fell back, there is support near 27, you can wait.
LTC:
Rushing and falling, short-term highs appear, and lighten up on rebounds.
BSV:
Pull a wave of deception, and stop loss if you are deceived.
ADA:
Today, following the breakdown, continue to lighten up the main.
XMR:
The linkage fell back, and there was a strong support near 200.
FIL:
Sure enough, it is easy for him to take the rhythm when he makes up the rise. The new doomsday chariot is undoubtedly, but people themselves have not broken down, and can hold along the 5th line.
DOGE:
Another wave of funds was trapped, and those who were cheated into it yesterday had to stop the loss.
SUSHI:
After rising so much, at the beginning of the callback, we still pay attention to risks.
UNI:
Same as above.
The market has been bullish for so long. If the chasing high is buried, you must stop the loss quickly at the position of the ups and downs. This position will stop even if the stop loss is wrong. This is the best way to stay in the green hills.
That's it for today, see you tomorrow.
