text
Today, Tom Jessop, president of Fidelity Digital Assets, talked about his views on cryptocurrency regulation during the Biden era in a CNBC interview he participated in last week. "We've started to see (the industry) engage more constructively in regulation and we think that will continue into the new year," it said. "Our clients, the institutions we work with, have been a steady On the buy side, we continue to see strong institutional demand for Bitcoin exposure.
Bitcoin and other cryptocurrencies have become the latest hype of Wall Street financial institutions. In the case of sluggish traditional financial markets, both investment institutions and investors need the next hype hotspot. At present, Bitcoin and other Cryptocurrency will undoubtedly become the latest hot spot. In 2021, the cryptocurrency market will usher in a new round of hype.
My point of view is that for a fairly centralized cryptocurrency such as XRP, I suggest investors not to touch it anymore. At present, the probability of relying on official money to pull the market is extremely low, and the large amount of XRP unlocked every month also makes some main players The team does not dare to enter XRP, and the probability of currencies such as XRP outperforming the market in the future will be very low.
secondary title
According to data from feixiaohao.Com, today’s panic and greed index is 78, which is extremely greedy, and the market sentiment index rose slightly compared with yesterday. Today, the long-short ratio of the entire network is -1.76%, which is a weak market. The premium rate of USDT in the market today is 0.0264%, and the market funds are partial to inflow. It seems that the market sentiment is gradually recovering, and some investors are already preparing to enter the market. In terms of Grayscale Fund, there is no operation of Grayscale Fund today.
Mainstream currency market
BTC
secondary title
Current Price: $33,663
Risk Factor: Moderate
After the market opened today, Bitcoin once fell to around $33,300, but it rebounded slightly at $33,500. In the following market, Bitcoin rebounded to around $34,500, the pressure position mentioned yesterday. Although this breakthrough was short-lived It stood at $34,500, but ended in failure. Although Bitcoin began to fall again, with almost no callback, Bitcoin fell to the support point of $33,300. The current price of Bitcoin is $33,663.
In terms of operation suggestions, if Bitcoin cannot stay above $33,300 at the 1-hour level, then Bitcoin may continue to drop to around $32,800 to find support in the next step. If it can successfully get support at $33,000, the market will open to $34,800. The market fluctuated within the range of 33,000 US dollars. At the 4-hour level, if Bitcoin can successfully break through $34,000 in the short term, Bitcoin will be able to regain its position on the upper channel of the Bollinger Bands. On the daily line level, the closure of the Bollinger Bands began to shrink, and the next market will most likely start a shock mode.
First stop loss: $33300 Second stop loss: $32800
ETH
secondary title
Current Price: $1352
Risk Factor: Moderate
Today's decline has seen the price of ETH remain above $1,300. If it can continue to be maintained, ETH will hit $1,400 in the next step.
First stop loss: $1300 Second stop loss: $1260
Layer2 track
LRC
secondary title
Current Price: $0.528 Risk Factor: Moderate
Upper pressure level: $0.58 First stop loss level: $0.52
OMG
secondary title
Current Price: $3.44 Risk Factor: Medium
Polkadot series
Polkadot series
DOT
secondary title
Current Price: $16.5 Risk Factor: High
Upper pressure level: $17 First stop loss level: $15
KSM
secondary title
Current Price: $102 Risk Factor: Moderate
US$99.5 will serve as the short-term support point for KSM. If a double bottom can be successfully formed at this position, then KSM may continue to rise steadily to around US$110.
Upper resistance level: $109
