Market Analysis on January 15, 2019

Fundamentals
Yesterday morning, at the Asian Financial Forum 2019, the Chief Executive of the Hong Kong Special Administrative Region, Lin Zhengyue-e, revealed that Hong Kong's local banks would receive the first batch of virtual banking licences in the first quarter. Indian banks are threatening to close their bank accounts with customers trading in Bitcoin and other encrypted currencies. This is the latest attack by Indian banks. In India, encrypted currencies seem almost entirely banned. In addition, the recent important event market is still concerned about ETH hard bifurcation, according to news that the team is planning to split the Ethernet square before the upgrade of Constantinople. This event will be the focus of market attention in the near future.

Technical aspect

BTC/USDT

Figure 4 Hour Trend Chart
Yesterday's tail price suddenly rose, strong momentum, you can see from the picture that the bottom of MACD deviates from the harpoon line along the vicinity of the competition, January 10 after a sharp decline in multi-head kinetic energy attenuation, short-term trend to interval oscillation is higher, so the operation still recommends low support to buy, below support 3300 3080 above the pressure 3450 3940

ETH/USDT

Figure 4 Hour Trend Chart
Recently, Taifang Hard Bifurcation Event is the focus of attention. The advent of risk events may lead to sharp price fluctuations. We should pay more attention to risk control in operation. The MACD low gold fork in the figure is only a small rebound of recent decline. At present, there is no clear direction, mainly interval shocks. The pressure above 112.3 97.9 is 136.3 157.4 supported below.

LTC/USDT

Figure 4 Hour Trend Chart
LTC's price trend is still relatively upward trend, from the position in the box, we can see that the low point is rising constantly, coupled with the recent two low points have signs of deviation from the bottom of MACD, the future market is expected to start a period of upward volatility probability is higher, but the short-term suppression of the 33 front line is still very important, long-term rebound needs to be considered above the price level. Follow-up, lower support 26.8-27, upper 3640.7

The above suggestions are for reference only.