Huang Yiping, deputy dean of the National Development Research Institute of China Peking University and director of the Peking University Digital Finance Research Center, said at the 2021 annual meeting of the China Development Forum that the international competition of digital currencies may have begun to appear, and the issuance and development of digital currencies may change in the future Our international currency system. "Now it is mainly based on the U.S. dollar.
If there is a more convenient, safer, and better currency for cross-border trade and investment payments, will it cause new pressure on the U.S. dollar? Can we participate in the competition? There are still many barriers to be crossed in China, and there is a lot of work to be done."
BTC market analysis:
Bitcoin's intraday market is under pressure to come out of a strong callback. It has already fallen below the 58000-57000-56000 triple support one after another, and the low level hit the 55,391 position and rebounded. The current market is close to a thousand points above, the situation has eased slightly, and the trend has entered a high level of consolidation. However, Chu Chu believes that if the subsequent rebound cannot be sustained, the price cannot rise above the 57,300 line of suppression, and the market may retracement and fall below the 55,000 line of support again. I hope you can prepare in advance.
Looking at the short-term hourly chart, the Bollinger Band track is gradually being opened due to a strong decline of more than 4,000 points in the day. Although the market has touched the 55,000 line of support and rebounded, the upper suppression has not been broken, and the resistance has declined over time. Trend, the short-term trend is still volatile and downward, so in operation, it is recommended that you follow-up operations to rebound empty orders, and focus on 57300 first-line suppression.
BTC operation strategy:
- Make short position when the price goes near 57000, stop loss: 57300, target profit: 56500-56300-56000
- If it breaks through the 55400, Make long position, and target profit at 56000-56300
ETH market analysis:
Affected by the broader market, Ethereum fell by more than a hundred points in the day. The market also fell below the 1800 line. The bullish sentiment turned weak. The current low touched the 1746 position and rebounded. The price is running at the 1762 position. The overall trend has entered a weak shock, so follow-up beware of the market. Going lower again.
Looking at the short-term hourly chart, the Bollinger Band is in an open posture, and the price upward is blocked near the five-day attack line. The current market is under pressure. There is strong pressure in the area above 1785-1800. If this area is not available in the future, the price will still refresh low. , Retracement of the 1720-1700 support area, I hope you will be prepared in advance.
ETH operation strategy:
- Make short position when the price rebounds 1785, stop-losses: 1800, target profit: 1760-1745
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!