The Fed overnight was a bunch of nonsense, almost nothing useful. Interest rates continue to remain unchanged at 0-0.25%. As a whole, we still have to observe the recovery of the US economy and decide when to reduce debt purchases. Has entered into the expectation of debt reduction, but the process of debt reduction is as slow as a snail. Therefore, the meeting overnight basically met previous expectations and therefore did not cause too much volatility in the market. The big pie was expected to be negative in advance. , Meeting expectations is good, so after the meeting, it is in a trend of continuous rebound. As for the interest rate hike, it is expected that it will be the end of next year at the earliest, so don’t worry. The delaying strategy is the usual strategy. Just look at how many years the Bitcoin ETF has talked about, and you will understand this nasty truth. What about the end of next year? Look again later.
Dubai allows bitcoin transactions in the tax-free economic zone. The introduction of this policy makes bitcoin feel like a real thing. It seems that people only need to change the location of their mobile phones to the tax-free economic zone, which is equivalent to Dubai's recognition of bitcoin transactions. , Dubai should hope to do a pilot in the duty-free zone, and then open to the public.
Bloomberg Commodity Strategists said that gold investors are experiencing an outflow, and these investors are turning to cryptocurrencies such as Bitcoin and Ethereum, because Bitcoin has become an increasingly popular deflationary standard. Bloomberg strategists probably won't talk nonsense, after all, people can get important global investment data. It seems that Bitcoin is eroding the market value of gold, which has become an indisputable fact.
Huobi Trust Co., Ltd. has officially entered the field of cryptocurrency custody. At present, the company's custody scale has exceeded 1 billion U.S. dollars. This is a trust company licensed by Huobi in Hong Kong, and it is also a way to lock institutional funds in the crypto industry.
In the past two days, Purpose Bitcoin ETF has increased its holdings by 390 Bitcoins. Although the increase is not large, it at least shows that some institutional funds have returned.
Robinhood will launch a full-scale crypto wallet in early 2022, and said that it will add cryptocurrency to its balance sheet, which means that this large exchange has officially entered the crypto industry and will hold crypto assets as part of its finances. Favor the industry.
The report shows that in the wallet statistics of games, NFT, and Defi this month, the number of active wallet addresses in games increased by 64% compared with the previous month, NFT and Defi increased by 6% and 3% respectively, and most of the users are from under 34 years old Of young people, indicating that young people’s interest is turning to blockchain games, which will become a trend in the next 5-10 years, because young people in an era represent the real future. As for NFT and Defi, they will not die out. After the popularity increases, the value will be reflected.
Panic 27 has picked up, and every time you panic is a good opportunity to participate.
Market analysis
Bitcoin:
Bitcoin rebounds to near the 5-day line, of course, it will be under pressure. It is still relatively difficult to directly break through. The bottom support 42500, the probability will be a narrow range of 1 day, and tomorrow will be regained after the large option is delivered at 16 o’clock. The possibility of an uptrend is very high, and the operation is still mainly to participate in the dip.
ETH:
The trend is a bit similar to that of Bitcoin. It needs to consolidate and oscillate. The support level is 3000. Stepping back is an opportunity to get on the bus.
DOT:
It was the first to rebound, but it did not last very long, and the overall market outlook was linked.
XRP:
Can not fall, rebound mainly.
LINK:
Linkage is the mainstay, not too strong.
ADA:
Today, the public chain has rebounded greatly, and ADA is still relatively weak in the sector, so we will not participate first.
TRX:
After a small double bottom on the daily line, yesterday's low is not broken, so you can participate.
DOGE:
The transaction volume hit a new low since 2017, and they were all trapped. The AMC cinema line confirmed support for Dogecoin payments, and the short-term rebound is expected to continue.
SOL:
150 The pressure is still quite large, and linkage is the mainstay.
AVAX:
It has set a new record high. He is currently the most hyped in the public chain. The funds are still there, and the trend is expected to continue.
AXS:
The token economy is adjusted again, the cost of breeding offspring has been reduced from 2AXS to 1AXS, consumption has decreased again, and now it has hit a strong pressure zone, and the participation yesterday can stop profit today.
I won’t talk about other things. Today and tomorrow are probably turbulences. The change or after 16:00 tomorrow, the weekend is an important time node and needs to be paid attention to!
