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Golden Trend丨Knowing history and learning today BTC is brewing a new round of band market



According to a chart shared by Moskovski Capital CIO Lex Moskovski, Glassnode data shows that giant whales sent $386 million USDT to encrypted exchanges in just 10 minutes on Monday, and then $427 million USDT was transferred to encrypted exchanges within a few hours . U.Today analyzed that the giant whale may deposit USDT on the exchange to buy Bitcoin.

According to the contract data, 49.44% of the BTC network-wide contract trading volume in the last 24 hours was long, and 50.56% was short. Among the mainstream contract exchanges, Huobi’s quarterly long position ratio is 50.15%, and its short position ratio is 49.85%; OKEx’s quarterly long position ratio is 48.77%, and its short position ratio is 51.23%; It was 51.24%.

Jinse Finance Market Report | BTC rebounded slightly, mainly in local shocks: According to the Huobi market, BTC rebounded yesterday and touched 9738.89 USDT, and then fluctuated and fell. The upward trend of the large cycle in the daily chart has not changed, and the moving average MA5 constitutes support. In the 4-hour chart, the MA30 support reversed the local downward trend, and the pressure on the 9600 USDT line was relatively high, and the local market was mainly volatile. As of 10:00, the specific performance of the mainstream coins on the Huobi platform is as follows. [2020/6/1]

Golden Morning News | January 9 Overnight Important Updates: 21:00-7:00 Keywords: Shenzhen, Digital Currency, Hong Kong Securities Regulatory Commission, Huawei

1. Shenzhen government work report: Actively carry out innovative applications such as digital currency research and mobile payment.

2. There may be 5 digital asset exchanges included in the regulatory sandbox of the Hong Kong Securities Regulatory Commission.

3. President of the European Central Bank: Will continue to evaluate the costs and benefits of issuing central bank digital currency.

4. New York State legislators proposed to build a localized digital currency similar to cryptocurrency.

5. Huawei will work with Honeycomb Energy to create a new energy battery blockchain 5G platform.

6. The Guangzhou Metro blockchain electronic invoice system has been put into trial operation.

7. Zhejiang court launched "e-key smart service", and the whole process of service is stored on the chain through blockchain technology.

8. BTC is now at $8,095, up 0.35% in the past 24 hours, with a market value of $146.722 billion. [2020/1/9]

At present, the weekly MACD is still in a dead fork state. It is a normal trend to repair it through shocks. The weekly line is still at the end of the triangle. The top is suppressed at 61,500 US dollars, and the bottom is supported at 49,000 US dollars. It will take time for the market to change, and the overall trend is still bullish. Hold patiently, and buy when it falls back.

Golden Relativity | Liu Changyong: There is almost no difference in user experience between electronic payment and the digital currency issued by the central bank: In today’s Golden Theory of Relativity, on the question of “what physical fields the central bank’s digital currency can be applied to”, the crypto economy advocate Liu Changyong, Ph.D. in economics at Peking University, said that according to Mr. Mu’s description, the central bank’s digital currency mainly replaces banknotes. In theory, it is a currency that is commonly used in China. All fields can enjoy the convenience of transactions and realize cashless faster. Society, reducing the transaction costs of the entire market. However, this impact should not be exaggerated too much, because electronic payments are now widely used in all walks of life. Although the current electronic payment is not a digital currency directly issued by the central bank, but a credit currency created by banks, there is almost no difference in user experience. [2019/8/15]

Golden Relativity | Chen Yuzhang: The core issue of STO is how to compete with pioneers for excellent projects: In this issue of Golden Relativity, Chen Yuzhang, the founding partner of High Chain Capital, expressed his views on the issue of "how the attack of STO will affect the market". Chen Yuzhang said that STO will give some Small countries are a good window, but the problem is that these countries need traffic. Legal compliance without traffic isn't much use either.

If the blockchain is an innovation, we must use entrepreneurial thinking to understand it and improve it. The core question when looking at STO is: how to compete with Nasdaq, Sequoia, Softbank and other exchanges and huge funds for real good projects? It’s a chicken-and-egg problem: there needs to be enough liquidity to attract really good projects. But who will provide liquidity from zero to one? What I can see is that super consortia, such as Softbank, Blackstone, GIC and other funds, cooperate with the government legislation of small countries to establish the first stable STO system in the world that does not lack money, attract the best quality top companies to settle in, and create successful cases , and then attract other B-round and C-round S-level companies to establish a virtuous circle. However, if the Singapore government can inject the liquidity of GIC and Temasek into STO and establish an STO exchange in Singapore, it will change history. [2018/10/12]

The short-term daily line is still in the upward channel, and the current RSI indicator is still subject to the downward suppression line that fell from the high point in January this year, but the daily line MACD has reached the golden cross at the bottom, which is very similar to the trend in August-September 2020, and it is also a weekly The dead cross state of the line is digested through shocks. The daily RSI is also a downward trend line under pressure, and the daily MACD is also a golden cross at the bottom. After the market gains momentum and breaks through the suppression line, it ushers in a band market of 10,000-20,000 US dollars. The current trend The key support has not been broken. There is a high probability that this position is building a rising relay structure. Compared with the previous consolidation, it will take longer. Once it breaks through, the support in this area will be stronger, which will help the subsequent market breakout.


The risk of recent adjustments has been reminded yesterday. The current price is far away from the weekly moving average. Adjustment is necessary. If the short-term effectively falls below the 5-day line, you can wait and see. Continue to hold in the medium and long-term. The general direction is still bullish, waiting for the follow-up to absorb Opportunity to cover positions.


The demand for adjustment has been prompted yesterday, and the lowest fell to 334 and rebounded. The general direction is a trend of breakthrough and retracement. The trend is low and the range is 335-310 US dollars. After finishing, it is expected to continue to rise.


The upper weekly line suppresses 1620 US dollars for an effective breakthrough, and the new space will be enlarged. The current volume can shrink, and the probability of a short-term breakthrough is not high. Further momentum is needed. The current price is also far away from the weekly average line, and the daily line does not increase volume. It is also a deviation , There is also a need for adjustment. The short-term support is 1,200 US dollars, and the trend supports 1,000 US dollars. If it falls back, it can be deployed on dips, and the trend is still bullish.


The short-term adjustment does not affect the posture of large-scale consolidation. At present, it is still a bullish trend, and the trend supports 30 US dollars. Those who are patient can hold it and wait for the subsequent market to strengthen.


It fell back to a minimum of 8.1 US dollars, and did not break yesterday's prompt trend support of 7.9 US dollars. The overall trend is still bullish, and it has broken through the downward suppression line for BTC trading pairs. It is expected to fluctuate and strengthen in the future.


Yesterday, it was suggested that there is an opportunity to buy low near 400 US dollars. It is still possible to buy low when it falls back.


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