Wednesday, January 6, 2021

LOEx Market Research Report on January 7: BTC fluctuated upward, breaking through 37,000 points

[Today's Hot Tips]    

1. [Tether issued 400 million USDT on the TRON network]

According to Whale Alert data, at 07:31 on January 7, Beijing time, Tether issued 400 million USDT on the TRON network. The transaction hash is beb882c926ee692f5416557f53050eccb6b191556c0eb3f9bc7db9029f845e43.

2. [The total market value of global cryptocurrencies exceeds $1 trillion]

Coingecko market shows that the current global market value of cryptocurrencies has exceeded $1 trillion, and is currently about $100.152 billion. At the same time, the total market value of Bitcoin exceeded $675 billion, accounting for approximately 67% of the total market value.

3. [MKR broke through 1200 USDT in the early morning and reached a two-year high]

MKR continued to climb early this morning, breaking through 1200 USDT, reaching a maximum of 1247.2 USDT, reaching a two-year high, and then oscillating back down. It is now trading at 1035.5 USDT, an increase of 37.04% in 24H.

[Today's market analysis]

Bitcoin (BTC)In the morning, BTC fell slightly to 34,271.1 USDT and then continued to rebound. It rose to 36,492.5 USDT around 5 a.m., a record high. BTC is currently trading at 37,000.07 USDT on LOEX, a 24-hour increase of 7.12%.

Before each big bull market, there is always a small bull market.

The small bull market in 2013 took place in April and the big bulls took place in October, with an interval of 5 months.

This wave of bull market in 2021, there was also a wave of small bull market before it, which occurred in August 2020. It stands to reason that the big bull is right in front of us.

It's just that this big bull market will not be as short as before. It may last for a long time, maybe half a year, maybe a year, and there will be many shocks in the middle.

The four-year currency bull market is in full swing. In 100 days, BTC skyrocketed 250%. Since the ETH 312 event, it has risen 5.5 times. In the big bull market, friends all made much money.

But having said that, the "wealth figures" on the books now, strictly speaking, can only be regarded as "floating profits" before they are pocketed.

The key to deciding how much money we can end up with lies in how we "escape from the top", only not being greedy. So short-term investors should reduce their positions by now.

Operation suggestions:

Support level: the first support level is 36,500 points, the second support level is 36,000 integers;

Resistance level: the first resistance level is 37,500 points, the second resistance level is 38,000 points.

LOEx is registered in Seychelles. It is a global one-stop digital asset service platform with business distribution nodes in 20 regions around the world. It has been exempted from Seychelles and Monetary Authority of Singapore (MAS) digital currency trading services. Provide services and secure encrypted digital currency trading environment for 2 million community members in 24 hours.


No comments:

Post a Comment