According to sources, IMF President Georgieva seems less skeptical than senior US policy makers."It's an investment that gives people a certain amount of trust in the asset," she said in response to an open-ended question about the view of bitcoin She added that she did not see cryptocurrency as "an important part, or even a larger part, of the way the monetary system works."Georgieva's argument contrasts sharply with U.S. officials, who are concerned about investor protection, money laundering and terrorist financing related to cryptocurrencies.
BTC market analysis:
Bitcoin rebounded yesterday on the 57000 front line as scheduled. In the evening, the Bulls attacked again. The market broke through 58500 and continued to rise. The current high hit 59350, and the market entered the high consolidation again.To today's market sentiment is depressed, low hit 58370, the first line out of the rebound, interval shock pattern has not changed.
On the chart of daily line level, the trend has been positive for five consecutive years with strong bull sentiment. The overall upward channel is good. The average line of five days and ten days is golden fork to maintain the upward attack posture. If the price refreshes the high point in the future, the market has the possibility of further upward exploration of 60000 level.The day's market is still biased upward, so the operation of the proposal or more single.
According to the short cycle hour chart, due to the downward movement of the resistance on the track yesterday, the upward rhythm of the market was interrupted. At present, both sides of the long and short positions began to take over their efforts. The price fluctuated near the five-day moving average, and the short-term trend entered a high-level shock, and the resilience was not strong. It was expected that the market would withdraw the support from the down side in the future.
Therefore, it is not recommended to blindly pursue the rise if the market is not broken, and it is mainly to conduct the robust operation by callback,The support is close to the 58200 position of the middle rail of brin belt.
BTC operation strategy:
- Make short position when the price goes near 59100, stop loss: 59360, target profit 58600
- If it breaks through the 58200, Make long position, stop loss: 57850, and target profit at 58800-59000
The market of Ethereum
Yesterday also rebounded again on the 1780 front line as scheduled, and the follow-up trend remained choppy and upward. Although the high level was constantly moving upward, the subsequent breakthrough was obviously insufficient, and the trend basically maintained a callback and then made an upward attack again. Therefore, it is important to remember not to blindly pursue more in the day's operation.
According to the short cycle hour chart, the current price upward is blocked by the 1860 line, the market pressure enters the high consolidation, the brin belt track is parallel forward, the 5-day and 10-day moving average have leveled off one after another.
The indicators in the attached figure show a slight downward trend, but the overall upward pattern has not changed, so the operational price callback touches the support area, so consider doing long.The lower support is focused on 1820-1800-1780
ETH operation strategy:
- Make short position when the price rebounds 1860, stop-losses: 1878, target profit: 1830
- If it breaks through the 1820, Make long position, stop loss: 1800, and target profit at 1855
The analysis is time-sensitive, and the posting is always delayed, so please take the real-time market as the standard. Re-emphasize, do a good job in risk control, no matter how well you judge the future market, you must control your stop loss and target profit!