Golden trend丨BTC seizes the opportunity to buy low during the bull market

According to the contract data, 47.77% of the BTC network-wide contract trading volume in the last 24 hours was long, and 52.23% was short. Among the mainstream contract exchanges, Huobi’s quarterly long position ratio is 48.58%, and its short position ratio is 51.42%; OKEx’s quarterly long position ratio is 46.12%, and its short position ratio is 53.88%; It was 52.76%.

Jinse Finance reported that according to data collected by The Block Research, Bitcoin’s monthly adjusted on-chain transaction volume hit a record high in March. March’s adjusted on-chain transaction volume was $366.27 billion, up 14.7% from February’s all-time high of $319.3 billion. March also marked the third month in a row that Bitcoin’s adjusted on-chain transaction volume hit an all-time high. Additionally, Bitcoin miners earned more than $1.5 billion in March.

Golden Morning News | A list of important overnight events on January 4: 21:00-7:00 Keywords: Guangzhou Daily, Beijing, Ministry of Industry and Information Technology, Bitmain

1. Guangzhou Daily: Guangzhou actively promotes blockchain technology to empower the development of the financial industry;

2. The Third Session of the 13th Beijing CPPCC will invite experts to make special reports on "Blockchain Technology and Development";

3. British regulators exposed crypto and binary options investment scheme scams;

4. Circle CEO mocks Tether as an unregulated offshore banking solution;

5. Wu Jihan stepped down as the legal representative of Bitmain;

6. Huang Libin, Ministry of Industry and Information Technology: will continue to promote technological innovation and industrial applications such as blockchain;

7. Venezuelan Burger King intends to accept cryptocurrency payments in 2020;

8. Longfin CEO agrees to settle fraud with SEC for $400,000. [2020/1/4]

Jinse Finance reported that according to a Monday report by digital asset management firm CoinShares, inflows into cryptocurrency funds nearly tripled last week to $233 million, the highest level since early March. Bitcoin products saw the largest inflows at $108 million, while Ethereum products saw inflows of $65 million. In addition, the trading volume of digital asset investment products was high this week. Compared to the previous week, this is a 59% increase and is similar to the level seen in the first half of February 2021.

Golden Morning News | Australian parliamentarians want to include cryptocurrencies in the cash payment limit bill CME Group joins Gemini Exchange data: 1. Ethereum is expected to become the first public chain of the Hyperledger Alliance.

2. Australian parliamentarians want to include cryptocurrencies in the cash payment limit bill, and opponents have submitted a petition claiming that it deprives human rights and freedom.

3. CME Group announced that it will add data from the Gemini Exchange to the Bitcoin and Ethereum pricing indices.

4. The Central Bank of Rwanda is studying the issuance of digital currency.

5. V God: Pessimistic about expanding to the second layer network, it is difficult to build, and requires too much application layer reasoning about incentive mechanisms.

6. SnapEx will fully compensate users affected by malicious traffic attacks.

7. Changpeng Zhao confirmed that Binance is testing financial lending products.

8. The Australian Securities and Investments Commission proposes to ban binary options and reduce cryptocurrency leverage to 2 times.

9. Porsche is seeking strategic investments in areas such as blockchain. [2019/8/23]

Golden Finance News: European Central Bank executive Benoit Cœure said that the European Central Bank is not ignoring cryptocurrencies, but is tracking the development of cryptocurrencies. At the same time, it said that the ECB does not believe that digital currencies pose a threat to the euro because the amounts involved are insignificant. [2017/11/12]

The weekly line suppressed 61,500 US dollars suggested in the previous period, and there is still no effective breakthrough. Only when you stand up, will the follow-up large space be opened. The current price is at the bottom of the consolidation for nearly 7 weeks. There is a long-term upward trend line support below, and the overall big triangle of the weekly line converges There will be large-scale changes in the follow-up. The current market has not peaked. Compared with the previous rounds of bull tops, the weekly adjustment volume has shrunk significantly. The probability of periodic washing is high. , patiently hold.

ETH

Golden Finance News: The bitcoin gold hard fork that was predicted to be carried out on October 25 has reached block 491407 today, and the fork is imminent! [2017/10/25]

The short-term adjustment does not affect the overall bull position. The short-term support of the daily line is 1960 US dollars, and the trend support is 1600 US dollars.

LTC

In the short-term adjustment cycle, the possibility of strengthening in the near future is unlikely, and it will take time to sort out. The daily support is 236 US dollars and 215 US dollars. The general direction is still bullish.

DOT

The daily line adjustment cycle will test the support around $30 below. Once it falls below, the next stronger support will be near the 120-day moving average of $26. In the short term, wait and see for the time being, and wait for the follow-up market to stabilize. The current trend is still bullish.

BCH

The overall trend is still volatile and upward, hold it patiently, and buy low in batches when it falls back.

EOS

The daily line adjustment cycle, the probability of strengthening in the short term is not high, and it will take time to sort out and brew, but the general direction is still a bullish trend, and a fall is an opportunity to buy low, supporting 5.7 and 5 dollars.

ADA

The same adjustment cycle of the daily line, the probability of strengthening in the short term is not high, the weekly line has been in range consolidation in recent weeks, supporting $0.96, if it does not break through, those who are patient can continue to hold it, and the general direction is still long.

XMR

The trend is still upward. If there is an opportunity around $300 in the future to continue to buy low, hold it patiently, and there is a high probability that it will hit a new high in the future.

ZEC

The trend is still upward, with a short-term support of 200 US dollars and a strong support of 183 US dollars. It is mainly to buy low when it falls back, and hold it patiently.

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Ethereum