Market Analysis of January 11, 2019

Recently, it is reported that Gibraltar has licensed five cryptographic exchange schemes. The Russian Parliament has focused on discussing the Digital Money Economy Act. More and more government departments have incorporated digital money into the scope of regulation, or have intentions to standardize digital money. Digital money will end the era of barbaric growth, which is undoubtedly beneficial to investors.
Yesterday's market review: Yesterday's market was basically in line with expectations. BTC fell to 3600 after failing to effectively break through the 4050 front line. As expected, both ETH and LTC have fallen considerably. ETH has fallen to 130 and LTC has fallen to 33, which are basically in line with expectations.

BTC/USDT

(Daily chart)

(4-hour chart)

The 4-hour chart dropped to around 3500 support yesterday. If this position is not effectively held, the market may continue to move down the corridor and fall below 3100 again. Supporting 3500 3100 under upper pressure 3800 4000

ETH/USDT

(4-hour chart)
ETH fell below the 4-hour upward trend line yesterday. The price in the 4-hour chart has been running below the average line. The lower target position is near 110. If this position can be effectively held, the market will probably run within the channel in the 4-hour chart for some time to come. Upper pressure 148 160 lower support 110

EOS/USDT

(Daily chart)

(4-hour chart)
EOS pressure dropped yesterday after the daily line touched the daily average for 60 days, and the downward correction since December 8 has ended. The following market may be consolidated in the newly formed downward channel in the 4-hour chart, which effectively supports the downward position of the channel below. Upper pressure 2.62.9 and lower support 2.00

The above is for reference only.