1. Daily analysis
The importance of $30,000 is self-evident!
Eth 2.0 is perhaps the most anticipated and reported event in the history of cryptocurrency. After the Berlin upgrade is launched, the London upgrade is undergoing rigorous testing and is expected to be launched in 2021-2022. I think the transition from Eth 1.0 to Eth 2.0 will not be easy. It may have its own process, but if it is not in 2021, it will eventually be realized in 2022. The vision of Eth 2.0 is to make it the most secure, scalable and sustainable, which will have a positive impact on the sentiment of the cryptocurrency market to a large extent and will also encourage the developer community to innovate.
The field of decentralized finance will see more adoption of this new incarnation, and more Dapps will be launched on this evolved Ethereum platform, because their two main concerns about high network congestion and high network fees will eventually Largely subsidized. Payment solutions will use the ETH 2.0 platform more widely, because higher TPS will help them serve millions of customers, while the existing ETH 1.0 TPS design is limited to 15-30 TPS.
The recent market trend is almost the same as Hua Ge’s prediction, that is, turbulence. If it falls too much, it will rise, and if it rises, it will fall. The interval is relatively accurate. Back to today’s disk, Bitcoin fell to the lower rail of the Bollinger Band yesterday and stopped falling and rebounded. Now the daily Bollinger Band has flattened, with the upper and lower rails being 31700 and 35850 respectively. If there is no major positive or negative, Hua Ge believes that Bitcoin will be It fluctuates between 31700-35850, short-term sells high and lows in the range, Hua Ge’s short-term view is volatile, and the medium-term view does not fall below 30,000 US dollars, there is a chance to rise to 40,000 or even 50,000 US dollars. Support level: 31700, pressure level 33500.
The eth rebound is under the pressure of the 5-day moving average. Now the moving average trend is relatively chaotic. Hua Ge believes that there will not be too much market in the short term. It is good news for us to buy low. The callback throughout July is an opportunity to deploy eth. The support level is 1900 and the pressure level is 2050.
The bch trend is still weak, and the moving averages are arranged in short positions, and there is a high probability that they will continue to sort out. Hua Ge recommends holding the bottom position. The support level is 440 and the pressure level is 480.
There is a bardoline in bsv, and the moving averages are also arranged by short positions. There is a high probability that the short-term trend will continue to pull back. Hua Ge recommends holding the bottom position and wait and see, 110 US dollars can be a small position to buy low. Support level 122, pressure level 136.
The ltc rebound is under pressure from the 5-day moving average, and the moving averages are short. Hua Ge thinks it will adjust for a while, so let’s wait and see. The support level is 120 and the pressure level is 135.
Link declines downwards, the moving average is pushing down the price of the currency. A small position near 16 US dollars can be used for a small position, and the stop loss is below 15 US dollars. The support level is 16.0, and the pressure level is 17.5.
ada’s moving averages are short positions, and the rebound is under pressure from the 5-day moving average. There is a risk of continued adjustment in the short term. In operation, Hua Ge recommends holding the bottom position and wait and see. Support 1.20, pressure: 1.30.
There is not much fluctuation in xrp. In a short-term jump between communities, Hua Ge thinks that participation is not very meaningful, and it is recommended to hold a bottom position in operation. The support level is 0.58 and the pressure level is 0.63.
Zec has fallen all the way down, and there is no obvious resistance from the bulls. The most sensible way now is to hold the bottom position and wait and see. The support level is 96 and the pressure level is 107.
Xtz lost all the moving average support, the current trend is not support bullish, Hua Ge suggested to continue to wait and see. Support level is 2.5, pressure level: 2.8.
The only thing dot can refer to now is the 13 USD support. It is recommended that small positions can ambush around 13 USD to lighten up the position. Support level: 13.0, pressure level: 14.5.
After uni also lost the support of the moving average, it began to pull back, and there is no sign of stopping the decline. Hua Ge suggested to continue to hold the bottom position. Support level: 16.7, pressure level: 19.1.
Sushi has also been down for more than a week, and there is no obvious long-term resistance. Hua Ge thinks that he will continue to adjust, so let’s wait and see for now. The support level is 6.5 and the pressure level is 7.5.
Important note: The trend of Huahua analysis is valid within 24 hours and is suitable for short-term traders. If you can’t insist on reading articles every day, it is easy to miss the operation guidance and cause losses. Buddhist coin holders can ignore the short-term trend and take a year to make money with a high probability.
Daily Coin News
Daily hot news interpretation
Yesterday, the Weibo topic # Anhui comprehensive shutdown virtual currency mining project# was listed on Weibo hot search. Anhui will strictly control new high-energy-consuming and high-power-consuming projects, and comprehensively clean up and shut down virtual currency mining projects built in various names. So far, Anhui has become the sixth province in the country to clean up virtual currency mining projects. There are two main reasons for shutting down virtual currency mining projects in various places: one is that the country has qualitatively defined virtual cryptocurrencies, and has comprehensively rectified virtual currencies in the country. All localities responded to the country’s call to govern virtual currency mining projects. The second is that there are carbon emission tasks in various places. Under the pressure of energy saving and emission reduction in the future, mining consumes a lot of energy, which is not conducive to the promotion of energy conservation and emission reduction in localities. Therefore, it is inevitable to clear mining. And in the future, it is very likely that virtual currency mining projects will be shut down nationwide. Now that it has been set as illegal and cracked down, it will eventually spread across the country.
What follows is a question of the choice of miners. Some low-cost miners entrust miners to resell their mining machines, and some capable and resourceful miners and mine owners choose to relocate their mining machines to the southwestern region of China. Or some low-cost areas abroad. Even considering the introduction of domestic policies, they choose to migrate directly to the sea in one step. Most destinations are mainly in Central Asia and North America, where electricity costs are relatively low.
Before the global epidemic is generally controlled, whether it is mining machines going to sea or people going abroad, they will face cumbersome procedures. For the miners, it is a loss of money; for the Bitcoin network, it is a period of decline in computing power; for the market, it is another period of low price. But Bitcoin has used its actions (increasing prices) to prove that it is not a tulip in the past ten years. During this period, it has also been constantly improving and strengthening itself, refreshing people’s views of themselves, and bringing more and more people. Knowing, but also constantly strengthening the consensus of believers. As long as this difficult period passes and the subsequent mining industry settles down and stabilizes, Bitcoin will return to its original peak with a new attitude.
Follow the trend and be a follower of the trend
The market is still fluctuating, and there is no major change. This position is the same as yesterday’s view. There is no need to slump and fluctuate. When the market is at the bottom edge of the box, it will usher in a rebound. If you pretend to be dead, you can still buy if you have a small position. Bo bounced, I didn’t do anything, see you tomorrow!
Posted by:CoinYuppie，Reprinted with attribution to:https://coinyuppie.com/analyst-sees-the-market-outlook-stop-mining-and-go-on-hot-search-again-can-the-shocking-market-end/
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