Today, the Fourth Session of the 13th Beijing CPPCC held a press conference. Wang Zhen, member of the Beijing CPPCC and general manager of China Xiongan Group Digital City Technology Co., Ltd., said at the meeting that the digital economy currently has two important points in Beijing that need to be promoted. One is to promote the pilot application of digital renminbi. From the perspective of payment and finance, digital renminbi can reduce the operating costs of small and medium-sized enterprises; the second is to promote the establishment of a digital factor market and accelerate development on the existing basis. On the other hand, according to news from Sina.com, Shanghai Mayor Gong Zheng stated that Shanghai will promote the digital renminbi pilot this year.
Market Index Analysis Today
Market Index Analysis Today
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Mainstream currency market
BTC
Current Price: $32,843
Risk Factor: Moderate Bullish
Since the opening of the market today, Bitcoin has repeatedly tried to break through the $32,500 position mentioned yesterday. After a considerable period of accumulation and a round of downward consolidation, Bitcoin broke through $32,500 from $31,800 all the way, and finally reached around $32,800. After breaking through the $32,500 position, if the price can be guaranteed not to continue to drop in the future, the next upper pressure level for Bitcoin is $33,500. Although $32,500 has already stood above the 1H MA30 moving average, if it is really confirmed as a rebound at the daily level, Still the same as yesterday’s suggestion, Bitcoin needs to successfully break through $33,600. In the near future, after falling below the rising channel, the price of Bitcoin did not go down further, but chose to trim and accumulate strength at $32,500. After a short-term correction, Bitcoin may continue to break through $33,600.
Upper pressure level: $33,600
Upper pressure level: $33,600
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ETH
Current Price: $1332
Risk Factor: Moderate Bullish
After the 1040 double negative line test, ETH has been relatively strong. Maybe we underestimated ETH before. After breaking through the aforementioned pressure position of $1,270, ETH performed very well in today's market, rising all the way to $1,350, a cumulative increase of 10%. At present, whether it is the 1-hour level or the 4-hour level, ETH is at the upper end of the Bollinger Bands, which is a relatively strong stage. In terms of operational suggestions, in view of the relatively strong performance of ETH, ETH may still maintain a good increase tomorrow, and the daily line will show three consecutive positives.
Upper pressure level: $1360
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Layer2 track
LRC
Current Price: $0.417 Risk Factor: Moderate entry at $0.4.
At the daily level, LRC showed a relatively strong three-day positive state. Combined with the time level, LRC is currently in a relatively critical position. If it can successfully break through $0.43, LRC will have a better rise in the future. If it cannot break through successfully, LRC may fluctuate within a narrow range between $0.426 and $0.4. Therefore, in the short term, $0.4 may be a good short-term bottom entry position.
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OMG
Current Price: $3.6 Risk Factor: Medium
After the market opened today, although OMG performed relatively strongly, it rose to the $3.8 position mentioned yesterday. OMG encountered strong resistance. Although it was supported at $0.37, the main force finally made a further correction to accumulate strength , if the next price cannot be maintained at 3.5 US dollars, OMG may continue to drop to 3.33 US dollars. On the contrary, if it successfully breaks through 3.8 US dollars, OMG will also show a good increase in the market outlook.
Polkadot series
Polkadot series
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DOT
Current price: $17.7. It can be seen that affected by the news, the follow-up trend of Polkadot today is not very good and there is relatively resistance at $18.8. At the 1-hour level, DOT has fallen to the bottom of the Bollinger Bands, and the market is weak. At the 4-hour level, If the price can hold at this position, it will still be in the channel above the Bollinger Bands.
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KSM
Current price: $105. Upper resistance level: $112
First stop loss: $102 Second stop loss: $95
