Market interpretation

Deloitte issued a Bitcoin guide earlier this week, which is aimed at companies that are considering investing part of their financial funds in Bitcoin assets.
According to the published guidelines, Deloitte believes that in the encryption field known for its volatility and high risk, the risk tolerance involved in speculation mainly depends on the type of equity of the digital asset, and its risk profile is likely to need to be revised and adjusted regularly. For a company, it should consider the amount of free cash that belongs to the company after buying Bitcoin and the risk range that the company can bear. Moreover, companies also need to consider whether to use digital assets in their daily operations, such as wages and supplier payments, and even cross-border transactions.

Deloitte said that although Bitcoin currently does not have an exact value measurement method, in its investment environment, we can expect Bitcoin's price trend, including its investment flexibility and transparency, and this will have an impact on investors in the Bitcoin market. Effective influence; At the same time, Deloitte also pointed out the laws related to Bitcoin and cryptocurrencies in its Bitcoin guide.

On the other hand, according to the International Financial Reporting Interpretation Committee (IFRIC) ruling, cryptocurrencies including Bitcoin are neither financial assets nor legal tender. According to the report, IFRIC ruled that cryptocurrency is “not cash or an equity instrument of another entity”, but “intangible assets”, which IFRIC defines as “identifiable non-monetary assets without physical objects”. According to the definition of the International Financial Reporting Interpretation Committee, if the asset is detachable or derived from a contract or other legal rights, then an encrypted asset is identifiable.

Deloitte is one of the "big four" accounting and professional services companies in the world. In its Bitcoin guide, Deloitte reveals the investment risks, investment expectations and possible implications of the crypto sector for companies that pre-invest in Bitcoin. Related laws and its professional analysis help institutions understand the situation of the cryptocurrency market in detail, so that they can be more confident in investing in crypto assets, thereby promoting more institutional funds to enter the market.

BTC

Bitcoin continued to rebound and finally broke the 40,000 mark last night. In the process, the transaction volume is still very large, which is a trend we are very happy to see. Yesterday, I have suggested that you buy the position below 37875 as the support level and try to pull back. The small partners who have bought are currently profitable. Although the market has pulled back, the follow-up development is still worth looking forward to from the current overall structure. The current market is still suitable for our callback, which is the method of buying , And we always have to identify the position of 37875 below as the lower support level. If the subsequent market actually hammers below 37875, we need to leave the market in time. It is enough for the friends who have already entered to keep paying attention. The lower support area is 37875, and the upper no resistance area.

ETH

Ether has a callback in the current market. The good news is that during the callback process, the trading volume is not a lot, so from the perspective of the market, there are relatively few people who sell, and the current market is already in the depth of the MACD from idling. Many stages, and after the Ether rushed to the position of 1764.48, I reminded everyone to pay attention to the threat of 4-hour MACD single-stack top divergence. From the current situation, this single-stack top divergence still produced an effect. of.
For the follow-up market, we still have an optimistic attitude. The current market is still suitable for us. The callback is the buying method, and we still recommend that you try to buy at a low support level at 1475. If it happens later The market reversal, the real hammer fell below the support level of 1475, then we need to leave the market in time and no longer wait and see. The lower support area is 1475, and the upper no resistance area.

BCH

The current market of BCH has returned to the 4-hour level 200-period average buying line. It has already fallen below the 200 line, but there is no real hammer, so it can still be held for us.

Since the market has actually reached the 200 line yesterday, we can still give BCH a chance to try to buy the position with the 200 line as the lower support level, and when the market has fallen below the 200 line, we Need to stop loss in time to leave the market, currently it is recommended to buy a position according to your own capital volume. The lower support area is 453.19, and the upper no resistance area.

DOT

Polkadot is still in the high sideways shock phase, and the current market has fallen below the lower edge of the high sideways shock, so we can confirm the trend we previously assumed, and we can't really hammer below the lower edge of the shock range. theory. So it is still recommended that the following side 19.39 is the support level, and try to buy low. Although Polkadot is in the high and sideways shock phase, it is a risk for us, but because the current market is relatively close to the lower edge, our stop loss space is relatively small, and if the later market breaks through the shock upwards Interval, the return it brings is far more than the end