Golden trend丨The bull market is not over yet, a big rebound is coming

Recently, there are various bad news, and the price has been continuously suppressed, but the bull market is not over yet. The above three rounds of bull market trends in Bitcoin in 13, 17 and 21, we can find that in the course of the bull market, a large adjustment must be made. The sharp adjustment in 13 years has the highest price It rose to 268 US dollars, the lowest fell to around 51 US dollars, and the drop was as high as 81%. It stepped back on the 1.618 support line area. $1160.

Golden Evening News | Important news on the evening of August 15: 12:00-21:00 Keywords: Balancer, Bitcoin ATM, United States, Tether

1. Relevant people: The digital renminbi is being pilot tested in four places, and the pilot area has not changed

2. Feasibility study on the supervision and classification of the virtual currency industry in California;

3. Tether CTO: Tether received wire transfers from multiple hedge funds and cryptocurrency holders to support the new USDT;

4. The number of member units of the country's first blockchain platform for public resource transactions has expanded to 18;

5. The total lock-up volume of Bitcoin and Ethereum exceeded $5 billion;

6. Opinion: 1% of the funds in the global investment business will be allocated to Bitcoin;

7. Three men in Hong Kong were arrested on suspicion of defrauding nearly 230,000 Hong Kong dollars from a Bitcoin ATM machine;

8. MakerDAO initiated an administrative vote to reduce the base fee rate from -4% to -6%;

9. Balancer Labs launched a proposal vote on updating the token whitelist process. [2020/8/15]

Golden hot search-zce list: ANT is at the top of the list: According to the data of Golden Finance and Economics ranking list, in the past 24 hours, the search-zce volume of ANT topped the list. The specific top five list is as follows: ANT, TRX, MOF, XRP, LTC. [2020/6/25]

In the course of the 17-year bull market, the price rose to around US$3,000 at the highest level, and then it ushered in a sharp adjustment, all the way to around US$1,800, which was also in the support area of 1.618. The price bottomed out and rebounded. .

Jinse Finance live report, TF GUO: Privacy protocol is of great importance: At the 2018 World Digital Asset Summit (WDAS) and FBG Annual Conference, TF GUO from TAXA said that user data has economic value, and users Privacy will also bring direct value. At present, many laws have been introduced to allow consumers to better understand their rights, so in the blockchain, the privacy agreement is of great importance. [2018/5/2]

In this year’s bull market, the BTC trend is similar to the previous two rounds. It also rose all the way to a high of 64,850 US dollars and ushered in a major adjustment. The lowest is also the 1.618 trend support area. The round of adjustments is not small. The adjustment is a strong wash after the completion of the first stage of the bull market to prepare for the subsequent second stage. The sharp drop is a good opportunity to buy low and increase positions. At present, it has not effectively fallen below the situation, but it is too pessimistic , Don't chase the rise and kill the fall.

The daily trend, the current wave of adjustments, fell below the support of the 120-day moving average, the lowest fell to a low of 3800 and the first rising trend line, this area is a strong support area, the daily line continues to drop pins, the indicators are also seriously oversold, market sentiment Extreme panic, and the killing of the sky, the probability of an oversold rebound in the future is relatively high. Of course, the rebound will not be achieved overnight. It will take time. The target range is still in the 48000-50000 area as mentioned before. The possibility of bottoming out, follow-up observation to see if it can stabilize and strengthen. The current bull market trend has not broken, and it is not advisable to be blindly bearish. Once it strengthens, it will have the same chance as the previous two rounds of bull markets, and continue the bull market process to new highs.

Tags：

SHIB