Two good news this morning gave the digital currency a rocket that rebounded. The first was the change of the central bank, Yi Steel took office, and Yi Steel had opened up the state-owned financial industry in the early years, and the internationalization of the renminbi and financial innovation had effectively promoted it. Examining from a long-term perspective may have some practical impetus for domestic blockchain technology and digital currency markets, but it is by no means present because policy changes will not happen overnight. The second good news is that in the morning a certain British minister stated that “the cryptocurrency does not need to be supervised and that it will not affect financial stability at the moment.” This news should be an important reason for the rebound in the volume of bitcoin today, and the time is relatively appropriate.
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Market Analysis
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BTC:
The night shift allowed Bitcoin to collect a heavy shadow below 8 o'clock as early as today, and also basically confirmed a small bottom, making today's K line back to the 5th line. Many people are very annoyed after seeing the rebound, and feel that they have missed something. In fact, madman thinks this is a very normal thing. Yesterday’s article also said that the increase in USDT price indicates that funds have lurked in and rebounded. The speed will be very fast, and the difficulty of catching and rebounding will increase. Firstly, the current round of rebound will appear at 5am. We are all sleeping. The next step is to pull it up instantly. This means that this kind of rebound will hardly be eaten by anyone, even me. And it is impossible to predict such a market. Only those who can eat will fall more and buy long-term promising people. So you don't have to worry about a rebound. What you have to do is to see how the future will behave.
Yesterday's heavy volume rebound led to a continuous bottoming recovery at the daily level, suggesting that the short-term bottom may have already formed. After the rebound, some breathless investors appeared to sell pressure and often such rebound will be released. Some fearful funds, from the perspective of USDT's premium, short-term short-term power began to fail, so after consuming short-term panic selling pressure, it is expected to continue to usher in a rally. The market's first pressure is 8800, and the second pressure is 9500. When we rebound, we specifically look at the strength of the rebound and then determine the rebound height of the market.
In short, rest for so long, short-term should have a certain chance, after all, most of the currency has fallen too much, out of a wave of rally is normal, currency prices can not just fall or rise, can not only rise If you don't fall, the rebound does not mean a bear market change, but it will extend the bear market cycle. All this is difficult to avoid and the market is awesome!
ETH:
The rebound was very weak and fell very deeply. It represented the weakness of the market as a whole. Many people saw Ethereum fall into this bear-like form and thought that the future would be subverted. There would be no value in the future. The madman would think that the value should not be two. The trend of the market is determined. Is it worthwhile for some of the coins to be brought up? If I issue a madman coin, I will definitely be able to take 99% of the chips and only put 1% on the outside. If I want to pull one hundred times, I will pull one hundred times. If I want to pull a thousand times, I will pull it a thousand times. Is it really valuable? Finding the coins that are really worthless is worth exploring, and perhaps the greatest gains can be realized.
So the short-term downturn of Ethereum, the biggest reason is the market downturn. Once the primary market warms up, Ethereum is still the demon that does not go back. Value does not change because of short-term price depression.
NEO
The volume of neo is relatively large, and there is a K-line trend with shadows under the sky. This indicates that the panic disk was released, falling from 140 to 50, and not breathing in one breath. It is no wonder that there are many people. Panic, so the current rebound is an oversold bounce. You shouldn't be surprised if you drop more than 60% and rebound 30%, so the short-term rally will continue. Pressure level 67,84
BCH
Yesterday many people asked me if BCH meant zero. When we read the article, we can't be more serious. I don't want to look at diverging coins that fell more than 95%. They should all be zeroed afterwards. In fact, the scale is comparable with Bitcoin. However, in the short term, it is still not enough to follow the rebound.
LTC
I also walked out of the shadows of the sky, but I feel that the strength of the continuous rebound is not strong, and the pressure at the top is closer, so the rebound rate should be relatively limited. We can see that today's rebound is stronger: NEO, ADA, etc. Larger declines before, farther away from the pressure above, and the emergence of certain panic attacks, including the copycat currency, so everyone should turn their minds to these currencies.
EOS
Madman once suggested from the 8th that if you can accept another squat, you will be able to die. The lowest basic level has reached 4 yesterday, and then there is a wave of rebound. The typical head and shoulders pattern has been temporarily finished. Yesterday, There have also been days of shadows, and many people should panic and get off. After the concussion, it should follow btc and continue to rebound. It is hoped to stand back on the 5th line and walk out of a small round of rally.
In the case of acoinization: Before most of the coins fell by more than 80%, investors suffered heavy losses. Many people were afraid to return to zero and finally couldn't resist loneliness and sold at the low point before the rebound. They found that after sowing meat, they soared. The first two days and everyone said, let everyone get stuck and do not flesh in this position, because you can't guarantee that you can get it back at a lower price, a rebound may exceed your selling price, and when it falls, Your heart will tell you, it will fall, so that at the bottom you can hardly copy it, and you might as well be patiently put to death.
The madman saw from the market of Huoqin that most afghan coins have seen skydiving in volume, and then began to rebound. The madman saw bloody chips, and the massive plunge in the cottage yesterday was pulled back and farther away from the pressure platform above. , personally think that there will be a chance to continue to rebound, and like the mainstream currency, because the rebound will make many people afraid to continue to fall, so it takes a period of shock, after the shock, there is still a high probability of rising currency. What you have to do is speculate on the short-term.