The first licensed Hong Kong exchange goes online

Crypto2008 · 2023-08-03T11:38:54.000Z

Hello everyone, I am 08 from Giant Whale Academy. Welcome to my series of technical analysis tutorials. Your likes are my greatest support. 1. Interpretation of hot spots 1. Cut the spicy strips in half and finish Litecoin’s fourth halving will occur around 2027, when the block reward will be reduced from 6.5LTC to 3.125LTC. The halving market has not brought about an increase in the price of spicy strips. I also made a risk warning on Weibo. The daily public account can only be posted once a day and cannot be instant, so you can follow my Weibo. Bo. After the halving was completed in the early morning, there was a downward price trend. The current price is 86.2U.

Hello everyone, I am 08 from Jujing Academy. Welcome to my technical analysis tutorial series. Your likes are the greatest support to me.
1. Hotspot Interpretation
1. The spicy strips are halved
Litecoin's fourth halving will occur around 2027, when the block reward will be reduced from 6.5 LTC to 3.125 LTC. The halving did not bring about a price increase for spicy strips. I also made a risk warning on Weibo. The public account can only be posted once a day, and it cannot be instant, so you can follow my Weibo. After the halving was completed in the early morning, there was a downward trend in prices. The current price is 86.2U.
I saw 75U in this wave, let’s wait and see.
2. HashKey Exchange: Obtained the official upgrade approval for licenses No. 1 and No. 7, becoming the first licensed trading platform for retail users in Hong Kong.
HashKey Group announced on its official website that the HashKey Exchange No. 1 and No. 7 licenses have been officially upgraded and approved, making it the first licensed trading platform for retail users in Hong Kong. This license upgrade will further expand the business scope of the HashKey trading platform from only professional investors to retail users to meet market demand and provide retail users with more secure and convenient coin purchase and deposit services. The announcement stated that in addition to providing support for fiat currency deposits and withdrawals, the HashKey trading platform will also cooperate with commercial banks including Hong Kong's note-issuing banks to provide users with convenient fiat currency deposit and withdrawal services. In addition, the platform has also opened the only compliant over-the-counter trading platform in the Eastern region, providing users with more trading options. At present, HashKey Exchange has officially opened pre-registration, and registered users will receive HashKey Ecological Points (HSK) as rewards.
I registered one in the afternoon of 08. I checked and found that there are only 3 trading pairs, BTC, ETH, and USDT, and only spot. The current trading volume is very small. Only 3.5 bitcoins are traded in 24 hours. Although there is a license, it looks a bit like dancing with shackles. Maybe only a few mainstream transactions can be made. Leveraged transactions should not be a big problem. Contracts should not be opened. You can keep an eye on it. This can be regarded as an exchange recognized by the state. I will see the subsequent operation, but I personally think that it should be opened more for high-net-worth users, and OTC. I have to say that the operation of Chinese exchanges is really amazing. Six of the top ten are run by domestic people.
2. Market Analysis
The big cake is now fluctuating, 28500 is the first support position, if it falls below, it will be the position of the rising trend line around 27400. The large-scale market is still in a volatile upward position.
The trend of Latiao daily level has been made very clear in yesterday's Weibo tweet. The trend of forming a top divergence must go down. When this kind of pattern appears, whether it is rising or falling, the accuracy of opening orders is very high. The price was 92 at that time, and the current price is 86, a drop of 6U. Now we just need to wait for the big cake to fall, which should drive the fall of Litecoin. The target is 75U.
There is a lack of money-making effect in the market, and the copycat products are half-dead. There are many pitfalls, and we don’t have any good copycat promotions.