According to the news, Russian financial supervision agency Rosfinmonitoring said that Russian law enforcement departments will closely monitor the transactions from Bitcoin to French currency. It is reported that Rosfinmonitoring usually tracks the capital flows related to money laundering and terrorist financing, and now its target is Bitcoin.
German Neglyad, deputy director of the agency, said at the financial market hearing held on Wednesday that they would pay special attention to the cashing of bitcoin. Neglyad said that Russian criminals often use Bitcoin, Ethereum and Monroe coins for terrorist financing.
BTC market analysis:
In the afternoon, the bitcoin market stepped back to test support, and the price hit around 53,700, which led to a strong rebound, and the trend continued to test upwards. At present, it has broken the short-term suppression of 55,800, and the market has entered an upward rhythm. If the price can break the suppression of 57,000-57,300 in the follow-up, it is expected that the increase will continue further in the early Chu Dynasty.
On the short-cycle hourly chart, the price shows a trend of six consecutive yangs, and the bullish sentiment warms up, but the short-term upward strength is insufficient. If the follow-up fails to break through the upper suppression area, the market may be under pressure to call back. Therefore, although the market tends to go up, the steady operation still calls back more. Top suppression concerns 57000-57300. The lower support focuses on the 5600 line.
BTC operation strategy:
- Make short position when the price goes near 55800, stop loss: 56100, target profit: 55300-55000-54700
- If it breaks through the 53300, Make long position, stop loss: 53000, and target profit at 54000-54200-54500
ETH market analysis:
Ethereum's intraday market once again stepped back on the 1650 line to get out of a strong rebound. At present, the price has returned to the area above 1700, and broke the area suppressed by 1720 yesterday. At present, the price is running around 1740. If it breaks through the stable 1760 position in the follow-up, the increase is expected to continue further. On the contrary, it is possible to withdraw support under pressure. At present, the price of Ethereum is relatively high, so it is not recommended to chase up blindly in operation, and beware of market pressure callback.
The trend of short-period Ethereum keeps fluctuating upward. Although the price stepping back out of the strong rebound opens the gap of Bollinger Band, the follow-up supply has been insufficient, and the current price upward is about to touch the key suppression, so it is prudent to call back and do more. The lower support focuses on the first line position of 1690.
ETH operation strategy:
- Make short position when the price rebounds 1760, stop-losses: 1780, target profit: 1720-1700
- If it breaks through the 1730, Make long position, stop loss: 1750, and target profit at 1700-1680
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!