News:
1. Fidelity plans to launch a blockchain money market fund;
2. The Bank of Korea cut interest rates by 25 basis points, from 3.5% to 3.25%;
3. Mark Uyeda, a member of the US SEC: The SEC's encryption policy and methods are a "disaster" for the entire encryption industry;
Technical aspects:
BTC: The decline widened and accelerated in the early morning, breaking through 59,000, with a maximum decline of more than 2,300 points. In response to the interest rate cut boom in November and the beautiful presidential election, the time node for rebound or reversal should be launched at the end of the month. There are still two weeks left. Before the time node arrives, the market cannot fall directly to the right place, but will continue to grind. Rebounding during the decline is a normal market demand, so as to better make a locked-in position at 60,000 and a few hundred! From the trend point of view, the weekly line is currently two consecutive negatives, and it is expected to go out of four consecutive negatives. The daily level trend has a large decline in the recent period, and the deviation rate is high. The market needs to be adjusted to repair the technical aspects, and the overall trend is still in a bearish trend. From the 4-hour line level, it is currently in a volatile downward trend, and the K-line as a whole is volatile and falling against the 7-day moving average. In terms of intraday operations, maintain a high-level bearish thinking, focus on the 60800-61300 position pressure on the upper side, and focus on the 58500-59000 position support on the lower side.
ETH: From the trend point of view, although the performance this time is relatively strong, the rebound in the morning is large, and it has regained yesterday's decline. In the daily level trend, the upper highs are getting lower and lower, the center of gravity of the K-line moves down, and it falls below 2400. The short-term target of 2300 below is likely to be achieved! From the 4-hour line level, it has risen and fallen back, and there is selling pressure at the upper 2420 position. In terms of intraday operations, maintain a high-altitude thinking, focus on the pressure at the 2410-2440 position on the upper side, and continue to focus on the support at 2350 below, and then look at the 2300 position.
Shanzhai: Today is Friday, and it is the weekend soon. No spot recommendation is made!
PEOPLE: The 4-hour line keeps going up, and the trading volume is relatively large. You can focus on the bearish opportunities at 0.077-0.08!
SUI: From the 4-hour line, it has been in a volatile downward trend for 4 consecutive days, and the downward channel is very obvious. At the same time, we should also focus on the support near 1.78. It has not broken through the bottom many times, so be careful of a sharp rebound! If it falls below this position, the short-term bottom is around 1.6!
The currency market fluctuates greatly, and you need to be cautious when entering the market. This is my personal opinion, no suggestions, and it is for sharing only.
