The general environment is bad, do not have too high expectations in the short term

In recent times, the regulators have been making frequent moves and global crypto assets have been hit hard, with prices diving.

  1. Daily Analysis

The importance of $30,000 speaks for itself!

Btc analysis.

The general environment is bad, do not have too high expectations in the short term

In recent times, the regulators have been making frequent moves and global crypto assets have been hit hard, with prices diving. Under this extremely negative situation, the aftermath of the crypto market is not optimistic. on May 18, China Internet Finance Association, China Banking Association and China Payment Clearing Association jointly issued the Announcement on Preventing the Risk of Speculation in Virtual Currency Transactions, prohibiting financial institutions belonging to the three associations from conducting business related to virtual currency; on May 21, the 51st Financial Stability Development Committee of the State Council held meeting pointed out to strengthen the supervision of financial activities of platform enterprises, crack down on bitcoin mining and trading, and resolutely prevent the transmission of individual risks to the social sector.

On June 21, the official website of the People’s Bank of China released “The People’s Bank of China Interviews Some Banks and Payment Institutions on Virtual Currency Trading Speculation”, which put another “tightening spell” on the regulation and crackdown on the crypto asset market. In the background of this strong regulation, the cryptocurrency circle has received a “huge shock” from the “de-Chineseization” of mining to the “de-Chineseization” of trading. According to industry analysts, the People’s Bank of China’s heavy-handed move is intended to cut off the “capital chain” of crypto asset speculation. It can be said that the crypto market needs a convenient access to the gold channel, which can be considered as a move to pull the bottom out of the fire. If the general environment is not good, it will be difficult for bitcoin to have a big market, so don’t have too much hope for bitcoin at this stage.

The company’s main goal is to get the best out of the market. The bitcoin effectively fell below the 30-day SMA support, and today’s shrinkage rebound was suppressed by the Bollinger band, the bulls do not release volume, on the middle of the Bollinger band and the 30-day SMA is simply a nightmare, which means that the short-term will not be too good up market, and at the same time, Hua believes that want to plunge is also relatively difficult, 30,000 U.S. dollars long will also defend to the death, the main force will be here repeatedly grinding you. Repeatedly harvest, flower brother does not recommend that you operate in this bitcoin, make money difficult, but can lose money unknowingly, this month eth favorable, the trend is very strong, may come out of the independent market, the retracement can focus on the layout. Support level: 32500, pressure level 36500.

eth analysis.

The general environment is bad, do not have too high expectations in the short term

eth we tips yesterday an hour top divergence, back to the 5 day average support layout, 1559 mid-July will be laid out to the main online, flower brother thinks will explode a wave, operationally recommended retracement focus on the layout, there may be an independent market. Support level 2080, pressure level 2300.

bch analysis.

The general environment is bad, do not have too high expectations in the short term

bch’s trend is weak, two big mountains 30-day SMA and Bollinger band mid-rail can not cross over, short-term do not have too good expectations, continue to hold the bottom position wait and see. Support level 490, pressure level 540.

bsv analysis.

The general environment is bad, do not have too high expectations in the short term

bsv don’t go chasing up is the principle of operation, we recommend to continue to wait for layout opportunities in the 110-130 range. Support level 135, pressure level 155.

Ltc Analysis.

The general environment is bad, do not have too high expectations in the short term

ltc is suppressed by the Bollinger band to death, the next look at the 5 day SMA support strength, if the support can not, may have to step back on the lower Bollinger band, back on the lower rail is a good opportunity for low suction. Support level 130, pressure level 145.

Link analysis.

The general environment is bad, do not have too high expectations in the short term

link four hours to stop falling, but the trend is not strong, it is recommended to hold a bottom position, back to $ 15 near the flower suggested low suction. Support level 17.5, pressure level: 19.5.

ada analysis.

The general environment is bad, do not have too high expectations in the short term

ada is really interesting enough to give you another chance to reduce your position near the 120-day SMA, stand not on the 120-day SMA to reduce the main position. Support level 1.28, pressure level: 1.40.

xrp analysis.

The general environment is bad, do not have too high expectations in the short term

xrp linkage to the broader market, weaker than the broader market, more than the volume will remain weak, continue to hold the bottom position to wait and see. Support level 0.63, pressure level 0.72.

zec analysis.

The general environment is bad, do not have too high expectations in the short term

zec slightly stronger, the 5-day SMA and 10-day SMA began to turn upward, bitcoin is not strong, zec no good stimulus is also very difficult to have an independent market, Hana suggested that reference to the 5-day SMA support hold, fall below to reduce positions. Support level 120, pressure level 131.

xtz analysis.

The general environment is bad, do not have too high expectations in the short term

xtz yesterday prompted back to the 5 day average support light position to participate, now also has a small ten point gain, the next focus is to see if the head can send volume, the emergence of large positive volume can continue to follow up. Support level 2.75, pressure level: 3.15.

dot analysis.

The general environment is bad, do not have too high expectations in the short term

dot four hours has stopped falling, moving sideways, more or less empty, short-term probability will be in 14-17 oscillation, short term advice range high throw low suction, fell below 13 to reduce positions in time to low suction. Support level: 14.5, pressure level: 16.5.

uni analysis.

The general environment is bad, do not have too high expectations in the short term

uni rebound by the pressure of the middle rail of the Bollinger band, if more than can not put a breakthrough, the short-term will return to 15.5-18.5 oscillation range, it is recommended that the range high throw low suction. Support level: 17.0, pressure level: 19.5.

sushi analysis.

The general environment is bad, do not have too high expectations in the short term

sushi said strong not strong, said weak not weak, the 5-day SMA and 10-day SMA to form a golden cross, operation Hua suggested temporary reference to the 5-day SMA and 10-day SMA support hold, fall below to reduce positions. Support level 7.2, pressure level 8.2.

Key note: Flower analysis of the trend are valid for 24 hours, suitable for short term traders,. If you are a Buddhist coin holder, you can ignore the short-term trend and take a year, making money is probable.

2、Daily Coin News

Daily hot news interpretation

Recent news says that the family office of billionaire George Soros has started trading bitcoin. Donn Fitzpatrick, chief investment officer of Soros Fund Management, gave approval for traders to start building bitcoin positions in recent weeks. Who is Soros? The man who swept through the economies of Southeast Asia, started the 1997 Asian financial meltdown, and is known as one of the most extreme operations in financial history. The man is Soros, known as the financial predator, the best representative of the K.O. Bank of England record holder. This bull’s most bullish record, or in 1997, shorting the Thai baht set off a financial storm that swept Asia. As the saying goes, Warren Buffett in his prime, Soros in his chaos. Why didn’t Soros lay out Bitcoin before, and why did he start trading Bitcoin only now? Because the previous bitcoin futures market was much too small compared to the mainstream capital markets. This means that even with the technical strength of a solid win, the profit scale is a very low ceiling, for Soros that level, can not see this mosquito legs, after all, they have more assets underlying and the market to choose from, today is different, bitcoin market capitalization has exceeded the highest time Visa, MasterCard and JP Morgan Chase, can get a substantial increase in profits. The fact that Soros is in the market means that he feels that bitcoin is now like a candle in the wind and can be pried.

Whether you’re a spectator or a coin holder, it’s time to think about the fact that bitcoin is long and short. The investment fund Soros is preparing says to the public that it has not yet entered the market, but what about the stakeholders? This we simply have no way of knowing, Soros trading bitcoin, he may only be thinking of shorting, that is millions of retail institutions rival plate, but the amount of money he has fear over who? And as a decades-old financial fox, he’s seen more big scenes than you’ve ever seen in your underwear. Soros this external news, will also bring more financial predators to follow, Rothschild, Rockefeller family and other big money players will also enter the game, they look at perhaps its future value, perhaps the bubble now, this is the beginning of a world-class game.

3、Recent recommendation

Follow the trend, be a trend follower

Although the recent general market is not good, but eth is very strong, out of a forward momentum. The main reason for this is because eth has a good upgrade in July, today bought 2 into eth when the bottom position, the follow-up also intends to fill positions in batches, this month the mainstream coin focus on dry eth!

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/the-general-environment-is-bad-do-not-have-too-high-expectations-in-the-short-term/
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