Today's news
Reuters: Tesla could build its own system for processing Bitcoin payments
On February 10, Reuters stated that even though Bitcoin is gaining popularity, it is still being used primarily as an investment product rather than as a form of payment. Tesla announced that it would accept Bitcoin as a form of payment in the future. If a customer buys Tesla with Bitcoin, Tesla cannot immediately proceed with liquidation. Some experts believe that this shows that Tesla can maintain at least a portion of Bitcoin. At the same time, experts believe that Tesla may not want to have an intermediary in the process of accepting bitcoin payments, and be able to set up its own payment system to accept and process bitcoin payments for its cars. In this regard, the relevant Tesla representatives did not respond in more detail.
Opinion: Tesla buying BTC will encourage more companies to join the ranks of Bitcoin investing
According to CNBC news Feb 10, Ark Invest believes that the purchase of Tesla's billions of bitcoins is a turning point for digital assets as it is directly related to institutional adoption. Investment management firm ARK Invest analyst Yassine Elmandjra said that Tesla's bitcoin purchase was a catalyst that would encourage more companies to buy bitcoin and that would push prices up.
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2.11 Analysis of the Ethereum market
Ethereum closes on a daily line, and the fluctuation range as a whole is not very large. The market rebounded after retreating to around 1790 US dollars in the morning. In an upward shock, the bulls hit a high of 1835 US dollars, and once again stood at historical highs, and then fell under pressure to night lows, hit a rebound near 1680 US dollars, and the currency price returned to above 1710 this morning. . From the perspective of the daily chart as a whole is still in a bullish trend, the Bollinger Band is also moving up, and the market is also supported by various moving average indicators.
Looking at the 4-hour chart, the Bollinger Band is in a state of contraction, the upper line of Bollinger is down, and the market is currently walking above the lower line of the Bollinger. The bulls are weak on the upside, and the market remains in a shock correction, above the daily moving average of the MA5. The suppression is clearer. MACD's fast and slow lines are parallel above the 0 axis, the short column can shrink, and the KDJ three-line die fork extends downward, and the overall view is within the shock range. The recent good news in the market has also stimulated investor enthusiasm, therefore, even though the market is on the rise, there are no large falls, which indicates that market investment is still active and good.
In the short-period hourly chart the Bollinger Band is also in a downward contraction state. The upper rail of the Bollinger clearly extends downwards, and the lower rail of the Bollinger points downward. The currency price is currently oscillating above the lower rail of Bollinger, and the average indicator is going down, MA5 Daily moving average is clearly suppressed by turning heads, and the bulls rebound is also weak. The MACD speed line goes below the 0 axis, and is decreasing in weight. Overall, short market timeframes may still have the possibility to reverse. The idea, high-altitude low-bulk, near 1760 US dollars as the first pressure level, the position is broken near the 1790 US dollar as the second pressure level, each ambush short orders, while the support below is near 1680 US dollars, the positions are broken near 1650 US dollars, enter the market to take a buy position. Hold around 20 points, aim for 30 dollars or earn yourself.
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@ Chart-trading friendly reminder , we may be more adventurous, place multiple orders with one person, chase a dream, if you take the initiative, we have a story. If you missed yesterday, then don't miss today, the future is foreseen, and time will take us there.
Once again, I wish all my dear friends a Happy New Year, understand the bull market in currency circles, be bullish, and make a lot of money in the Year of the Cow.