[Today's Hot Tips]
1. [Dash is expected to have a reductions on April 27]
Dash is expected to have a reductions at the block height of 1261440 on April 27. After the reductions, the block reward of Dash will be reduced by about 7.14%, and the block reward will be reduced from 3.11 Dash to 2.89 Dash.
2. [The miners' first selling volume soared]
In the process of market fermentation, there will always be some clearly visible trading signals. In this BTC callback phase, different trading signals indicate that the adjustment is not over. The short-term rapid growth of the latest miner's first selling volume indicator may be a signal of the advent of the waterfall market. After all, the increase in miners' selling volume indicates that the increase in mining costs has forced them to do so. The increase in miners' selling volume has triggered an increase in the supply side of BTC and will also guide the price decline.
3.【Tether company adds 120 million USDT in banknote printing】
Tether company adds $ 120 million USDT in banknote printing
4. [The Dutch Central Bank hopes to play a leading role in the development of digital currency]
According to the news from Decrypt on April 21, the Dutch Central Bank issued a report saying that it was "ready to play a leading role in the development of CBDC." The bank said CBDC may play an important role as the country's cash usage decreases. The bank also said that CBDC can also promote the diversification of the payment market.
[Today's market analysis]
Bitcoin (BTC)
BTC quickly pulled up after falling at about 1 o'clock today, hitting its intraday low of 6808 UDST and intraday high of 6940 USDT within 10 minutes, and then fell back slightly, currently below 6900 USDT. Mainstream currencies rose slightly within the day. BTC is currently reported at 6873.40 USDT on LOEx Global, with a rise of 0.55% in 24h.
Peripheral US crude oil plummeted to a negative number, while US stocks fell about 3% last night. The market of Bitcoin yesterday was dominated by callback lows. First, it fell sharply in the early hours and continued to draw closer to the lower support point of 6750, and finally did not break it. It ushered in the first round of rebound and returned to shock at 6850 line; With the continuation of the shock market, the bearish forces continue to try to force the market to step down again, and then ushered in the second round of rebound when running to 6760, and returned to the shock around 6850 again.
In the daily chart, the K line closed shade line for three consecutive days. Yesterday, a large shade line successfully pulled the currency price below the moving average to shock, and the bearish mood was strong; Today, the market is gradually coming out of the low position, constantly trying to return to its upper continue to run; The five-day moving average and the ten-day moving average still maintain a gentle posture. If the currency price can break the upward trend as expected, and stabilize the fluctuation above it, and it is expected to sprint to run above 7000 again; but space is limited, it is appropriate to lighten up positions.
At the same time, this callback and rebound will cause emotional instability. If today's decadence is not correct, the volume and price will not be collected. If the Doji has been kept closed for in the day, the market will still look down.
In the four-hour level chart, the Bollinger Bands close, and the market is running in the middle and lower rail areas of the Bollinger Bands, which is now located at 6891; The five-day moving average is running smoothly, and the market has now stabilized to run above it; while the upper 60-day moving average is the current short-term maximum resistance level.
Operation suggestions:
Support level: the first support level is 6750 points, the second support level is 6700 integers;
Resistance level: the first resistance level is 7050 points, the second resistance level is 7100 points.
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