The market refuses to pull back! 20240507

CN
1 year ago

Europe is becoming a leading participant in the innovative cryptocurrency market, strengthening the use of digital assets in real estate transactions and taxation. Switzerland has already accepted digital asset taxation, leading the European market into the cryptocurrency financial competition. By 2030, the Boston Consulting Group predicts that the "tokenization" market could reach $160 trillion. The largest cryptocurrency real estate transaction involves the purchase of Unicoin for over $500 million on two islands in the Bahamas. The EU will launch the MiCAR regulation on January 1, 2025, affecting investors' interest in this area. Europe is at the forefront of cryptocurrency real estate sales, especially in Spain, Thailand, and Portugal. Switzerland's cryptocurrency market revenue is expected to grow in the coming years.

Market Analysis:

BTC: Looking at the 4-hour chart, the price continues to try to stay above the Bollinger Band midline, indicating a strengthening trend.

On the daily chart, the price continues to fluctuate near the moving average, with a predominantly oscillating trend.

In summary, the support level is at 63300, and the resistance level is at 63800.

ETH: Looking at the 4-hour chart, the price continues to stay below the Bollinger Band midline, indicating a persistent weak trend, with the support level at 3060 and the resistance level at 3090.

LTC: The price continues to fluctuate near the Bollinger Band midline, with the trend continuing to stabilize, with the support level at 80 and the resistance level at 83.

BCH: The price continues to stay above the Bollinger Band midline, indicating a persistent strong trend, with the support level at 470 and the resistance level at 500.

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