2010.01.04 Market Analysis

Fundamentals
Yesterday was the 10th anniversary of the creation of Bitcoin. At 18:15 on January 3, 2009, Satoshi dug the first creation block on a small server in Helsinki, the Netherlands. Over the past 10 years, block chains and encrypted currencies have been influencing our world. Over the past few months, more than 945 online retailers have accepted BCH payments, and encrypted currency payments are expanding. In the United States, January 3, it was reported that New York State officially launched a working group on encrypted currency, which aims to help the New York State Government better understand the encrypted currency and its underlying block chain technology. Thailand even introduced block chain technology in the elections. But in the near future, we still need to pay attention to ETH mentioned earlier. The recent accelerated price fluctuations also confirm that ETH hard bifurcation is coming. Unlike BCH hard bifurcation before, this ETH hard bifurcation time node is after the market plunge, and there has been a large influx of funds before, but the specific results are still unpredictable. Conservatives suggest avoiding risk events.

Technical aspect

BTC/USDT

Figure 4 Hour Trend Chart
As shown yesterday, BTC has been blocked in the 3880 front line. From the graph, we can see that there are almost no differences in the consolidation cycle of several times. So we will also break through the market soon. At present, it is near the rising trend line. This rising trend line is very important. Once it breaks down, the probability of the future market will continue to turn into consolidation or decline will be greatly increased. If we stand firm, we will continue to try to break through the 3880 weight upwards. For pressure level, activists can buy in light warehouses near the trend line, 3720-3750, 3880,4000,4200 above pressure, 3550 below the supporting box area.

ETH/USDT

Figure 4 Hour Trend Chart
As anticipated yesterday, the ETH high is blocked to fall, looking for support downward. As the recent ETH hard bifurcation event is coming, and the currency price is at a high level, we suggest the following support as a reference from the two upward trend lines drawn in the figure. The reason is that the volatility of major events may intensify. The conservatives suggest to wait and see. The pressure 157 180 above 139.2 129.5 is supported below.

LTC/USDT

Figure 4 Hour Trend Chart
Like other mainstream currencies, it fell slightly yesterday and sought support downwards. It can be seen from the picture that although MACD is above the zero axis, there is still no strong outbreak. The top two key pressures, 33.3 and 36.2, are the key areas. Operationally, it is still recommended to refer to the red support line below. Activists can enter the market in batches near the two support lines, while the bottom key support line is 27. 3. It is also a short-term multi-space watershed. Once it breaks down, the probability that the currency will fall back will increase greatly. The upper pressure 33.3 and 36.2 are the neck line of head-shoulder-bottom shape. Therefore, only when the price is stabilized can the upper space be opened. Goal 43.2 4853

The above suggestions are for reference only.