Preface
When the mind is in chaos, start running to train your perseverance and soul, and firmly hold onto the belief of never giving up on the path of trading. True redemption is not the victory after the fight, but the ability to find the strength to live and the peace of mind in suffering. Imperfection is nothing to be ashamed of; everything has its cracks, and that's where the light comes in.
Market News
- Suspected Ripple address transferred 30 million XRP to Bitstamp.
- Xiao Feng: The next three years are the key period for the large-scale application of blockchain.
- A dormant whale transferred nearly 2,100 BTC after nearly 6 years, with a floating profit of over $44.5 million.
- Privacy Layer 1 network Swisstronik completed a $5 million seed round financing.
- After action taken by the US SEC, three NFT markets restricted trading of "Stoner Cats."
- CEO of Circle: It is unlikely that the stablecoin bill will be signed into law.
- WeBank Blockchain: Will launch observation node access and gradually open dapp observation permissions; Custody will hold Zodia's cryptocurrency for institutional clients.
- Standard Chartered Bank's Zodia will provide returns for cryptocurrency.
- Oak Grove Ventures launches a $60 million venture capital fund, focusing on early-stage investments in Web3, AI, and other fields.
Market Analysis
Looking at the four-hour chart, it can be seen that yesterday's market surged and fell back, reaching a high of around 27,400 and for the first time pulling back to a low of around 26,600. The result did not break the start-up point, and the bulls still maintain their strength. Whether it rose or fell yesterday, it did not cause many people to be liquidated. This means that the real market has not yet begun, and there is a high probability that it will continue to challenge the trend line resistance near 31,800, and once it breaks through, it will once again challenge 30,000. Therefore, in the short term, it is recommended to go long at the current price of 26,832.3, with a stop loss of 300 points, and a target of 27,500/28,000, and 29,000-30,000. In terms of the external market, a series of varieties such as US stocks plummeted, but the cryptocurrency market remained strong. There is a high probability that 25,000 will become the bottom, forming a range of 25,000-31,000. It has not reversed yet, but the shadow of the big players is already there. Standing firm at 28,000 is considered a reversal. Let's wait for the interest rate decision on the 21st.
Subsequent arrangements will be based on real-time market conditions.
Technology is the method, and the trend is the king. The dominant force in the cryptocurrency market will guide you through the sea of coins.
Be cautious when entering the market; trading carries risks.
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