CryptoExplorers says
01/05/2021
Happy New Month everyone!!!!!!!
Last night, when the monthly line closed, the market suddenly came back with a great force, which forced the monthly line to break back from the bad trend of the monthly line. The monthly K line gained support on the May line for three consecutive months. But the more consecutive times of this kind of support, the weaker the May line will support the market. Next time, if you look for the support of the monthly line MA5, the probability will be smashed. This wave of rise again came from an overseas institution. Coinbase shed 11,886 bitcoins at 4 in the morning, and a total of nearly 50,000 bitcoins were flowed out in the past month. That is to say, the big rise of bitcoin last night, The probability is that a certain large institution does it, and it is directly taken away after the purchase, and used as a store of value. This kind of gameplay is difficult to get out of continuity, but it does repair the daily K-line level very beautifully, so the short-term high-level shock Will continue.
The Turkish exchange Thondex sent Kraken $125 million in Bitcoin before it closed. The exchange has been stealing users’ Bitcoins in recent months. This is the real reason why Turkish zf shut him down. At the same time, Turkish police arrested 83 A person associated with a crypto scam, whose CEO left Turkey swept away $2 billion worth of cryptocurrency and fled to Albania. This is an encrypted exchange outside of supervision, always accompanied by the risk of running away. In China, try not to go to unfamiliar small places, otherwise the moral hazard is also huge.
Coinbase acquired the data analysis platform Skew. This data platform is very rich in content. This is another strong alliance. The oligarchic era of the currency circle is taking shape, and the opportunities for entrepreneurs who have just entered the market are gradually decreasing. If you want to do something in this market, you have to look towards more innovative markets, such as Defi or NFT.
Due to the surge in users, Colombia has begun to strengthen the supervision of cryptocurrencies. The main regulatory area is mainly anti-xi money. The borderless value transmission is the biggest subversion of the blockchain to central banks. If the trend is not followed in time, a financial recession will be inevitable.
Investment guru Rogers said that cryptocurrency is a serious threat to the future of fiat currencies. Governments of various countries may take measures to ban Bitcoin. It is expected that countries will ban this asset instead of making concessions. Some persons think that the convenience of cryptocurrency is a trend in the future. Think about it if we can walk the world with a bitcoin, why do we need legal currencies from all countries? This trend is inevitable. Bitcoin's final disaster should be the joint strangulation of global zf. If there is such a day, it will be a good opportunity for bargaining.
Valkyrie Bitcoin Trust is open to qualified investors. There is no difference between the product form and Grayscale. The custody fee is reduced from 2% to 0.49%. Grayscale does not have any advantages. The discount rate continues to remain high. Behind Grayscale Bitcoin Trust Will continue to be weak.
Tether printed 1 billion USDT. Recently, the speed of printing money has slowed somewhat, mainly due to high fluctuations.
The President of the Swiss National Bank believes that the liquidity of cryptocurrency is insufficient, and the central bank cannot use it as one of the investment assets. This is simply nonsense. If Bitcoin is now the second most liquid, I am afraid that no one of the targets can dare to say that he is the first, hundreds of millions of dollars can be smashed in minutes, and the depth is so good that there are no friends. This kind of governor belongs to working behind closed doors and is not conducive to the development of national scientific and technological innovation.
Market analysis
Bitcoin:
Bitcoin in this position is not easy to see the direction. The current position of the currency is in the center of the box, so it is a position that can be up and down. It is difficult for a madman in such a position to give everyone a direction. You can only look at the development behind the market.People may think that there is no basis for continuous improvement, and the judgment is still based on the shocking market. Superimposed on the world to enter the state of weekends and holidays, there is a high probability that there will be no trending market, so do not rush to catch up, and observe for 1-2 days.
ETH:
It is still rising strongly today. If you don't break below the 5-day line, take it first, and consider lightening up when the market closes. Ethereum miners had a total income of US$1.6 billion in April, a record high.
DOT:
Rushing higher and lowering, short-term is still not strong, there is a certain callback expectation.
XRP:
The trend is OK, hold mainly.
LINK:
High shocks, the market outlook should still have a chance, 36 strong support.
BCH:
Rush to the strong pressure zone, consider reducing some near 1000.
LTC:
Relatively not strong, do not participate.
BSV:
Hit the pressure zone, but the logic of making up the increase is still there, you can hold it first.
ADA:
Wait for the shock to end, the short-term is still in a shock period.
TRX:
The pressure zone did not increase the volume, and there is a callback expectation.
XMR:
The shock is mainly higher.
ETC:
It is not a good sign that the Doomsday Chariot makes up for it. There is still a chance to go higher.
DOGE:
Pulling today is a bit more than expected, still in a pressure zone, not eager to participate.
That's it for today, see you tomorrow.
