Cryptocurrency News Interpretation
The Vovager Unsecured Creditors Committee said on Twitter that Binance.US announced the termination of the asset purchase agreement with Voyager. The Voyager Unsecured Creditors Committee is very disappointed with this decision and will initiate potential claims against Binance.US. At the same time, the Voyager Unsecured Creditors Committee and Voyager will consider other options and provide further dynamic updates later.
Sarah Pritchard, executive director of the Financial Conduct Authority (FCA), said at the London City Week conference on Tuesday that the agency hopes to work with cryptocurrency companies to develop regulations. The UK has been seeking to establish a new regime for cryptocurrencies. The FCA and the UK Treasury are one of the country's main crypto regulators. Previously, in February, the UK Treasury launched a crypto consultation to solicit feedback from stakeholders on how to regulate the industry. Pritchard said: "Let's work together to develop our rules and regulations to benefit the market, consumers and companies as cryptocurrencies move from niche to mainstream." The pace of regulation is getting closer and closer, and all countries must take certain regulatory measures. This is also the only way for the currency circle to mature.
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Cryptocurrency Trading Tips
Mental training
For me, the core of trading is to make bold assumptions and carefully verify them. If there is a holy grail in trading, I believe it is this. These eight words are very simple. But simple things often contain profound truths. If you need to understand it, I hope you can think about it again and again after reading this article.
The market is volatile and unpredictable. No one can or will predict the future trend of the market. I believe this sentence has been said by many people in the industry for a long time, and the audience has heard it so many times. However, many people who are lingering in front of the trading door just don’t understand. If the market is unpredictable, then what are our fundamental analysis, technical analysis, psychological analysis and other methods for? Isn’t this prediction?
In fact, if you use the above things in trading and use them as entry conditions for trading, then you are really predicting the market. Believe me, 80 to 90 percent of people in the market are doing this. If you are one of them, I am not surprised, because I used to be the same.
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Cryptocurrency market analysis
Overnight, the S&P 500 fell as expected and is currently approaching the support level of 4040. Pay attention to the defensive situation of the bulls, and turn to short completely if they fail.
In one day, Bitcoin experienced a 10% amplitude gate trend, and the trading difficulty continued to increase! The 30-minute trend is classified as the construction of a central upgrade. If the price remains above 27,100, it is believed that there is a high possibility of a new high in the future. From the current situation, it is believed that below 30,300 is just a shock adjustment or a strong rebound, and it is unlikely to go directly to a new high.
Before it falls below 25333, it is believed that the three-stage rise has not ended or there will be a fifth stage rise after the four-stage correction.
In terms of operation, the fluctuation is too large, please pay attention to the risks!
