A false upward breakout is formed as scheduled, and the probability of a short-term continuation of the decline is high

The nature of each level: daily line - up, 4 hours - consolidation (more pattern), 1 hour - down

The screenshot is from the 1-hour chart of OKEX BTC/USDT perpetual contract: For the market, there are two angles, one is the objective trend status and the coping strategies formulated according to the objective trend, and the other is the subjective prediction based on experience . Actual trading is mainly based on coping strategies under objective trends. Subjective forecasting is more of a prospect or entertainment for future development. It cannot be used directly as a trading strategy. The main purpose is to prepare psychologically for potential risks and opportunities in advance .

The Cornell team proposed an environmentally friendly Bitcoin mining solution, combining carbon capture and renewable energy to achieve higher environmental and economic benefits: Jinse Finance reported that recently, the Cornell University team has invested in Bitcoin technology and investment in 50 states of the United States A full analysis was performed. Researchers looked at the economic and environmental benefits of Bitcoin in each U.S. state. A related paper, titled "Bitcoin Mining Through Carbon Capture and Renewable Energy to Make U.S. States Carbon Neutral," appears on the back cover of Energy & Environmental Science. The findings suggest that states with a high share of renewable energy on the grid and lower electricity prices are better suited for environmentally efficient mining.

The team's findings show that the most profitable state is Washington, followed by Vermont and New York. Vermont, Maine, Washington state, Idaho and New Hampshire emit less carbon dioxide. From an economic standpoint, Hawaii, Rhode Island, Alaska, Connecticut, West Virginia and Kentucky are the lowest-ranked U.S. states. In all cases, Delaware, West Virginia, Rhode Island and Kentucky had the highest CO2 emissions. [2022/9/26 22:31:00]

The current objective trend and coping strategies: History repeats itself perfectly, and the price of the currency rises and falls again as expected. In fact, the market trend is very simple in many cases, and it depends on whether you study it carefully. As for the current short-term trend, it is very consistent with our views in the group exchanges in the early trading. The currency price has continued to be weak in the short term, and just stopped falling and rebounded after approaching the 11650 line.

Coinbase: A user filed a class action lawsuit in San Francisco Federal Court due to account hacking: According to news on August 24, a Coinbase account holder stated that hackers stole his account and ran out of funds. The user’s lawyer filed a lawsuit with the San Francisco Federal Court A class action lawsuit has been filed, alleging that hackers have stolen more than $200,000 in cryptocurrency from Manish Aggarwal's account. The lawsuit alleges that Coinbase did a poor job of protecting its user accounts from hacking and theft, and did an even worse job of helping customers whose accounts were stolen. Aggarwal was unable to contact customer service who could help him, and Coinbase refused to refund him for lost accounts. cryptocurrency. (Bloomberg) [2022/8/24 12:45:07]

LINE's blockchain team released its annual business plan, which will expand businesses such as NFT, GameFi, and Metaverse: On March 30, the Japanese communication giant LINE's blockchain team announced its 2022 business plan through Medium. The focus is to expand the real-life use cases of its issued cryptocurrency Link and expand the NFT business. Specifically include: 1. Promote the LINE blockchain as a public network; 2. Increase the number of LINK online exchanges; 3. Cooperate with payment gateways to expand the practicability of LINK; 4. Expand NFT services; 5. Expand GameFi business ;6. Expand the entertainment NFT business; 7. Expand the LINE metaverse. According to previous news, LINE will launch the NFT market on April 13, and plans to launch the global NFT platform "DOSI". [2022/3/30 14:27:11]

Why did the currency price rebound at the 11650 line? The main reason is that this price was at the low point of a small-scale consolidation zone in the previous period, and the currency price showed a bottom divergence in a small cycle after falling to this zone. At present, the rebound since 11650 is not over yet, but the rising volume has not shown any obvious signs of enlargement, indicating that there are not many funds actively following up, and it is difficult to rebound sharply under such circumstances.

The Indian Parliament website announced the upcoming bill, and the cryptocurrency bill is not part of the agenda of the Indian budget meeting: On January 31, the Indian Parliament website announced the upcoming bill, and the cryptocurrency bill is not part of the agenda of the Indian budget meeting. (Golden Ten) [2022/2/1 9:25:15]

It is recommended to focus on the 12000-12080 resistance zone in the later stage. If the currency price does not rebound strongly, it will be difficult to break through the resistance zone. In other words, as long as the price does not break through the resistance zone, the short-term trend should continue to be bearish. Note that it is a short-term trend, and the long-term pattern of the mid-term trend is difficult to break, so don't be overly bearish. The support below in the next few days will focus on the 11200 line, which is likely to trigger the bottom of the price formation stage.

Subjective expectations (for entertainment only): The currency price will continue the current rebound in the short term, and it is estimated that it will be blocked again around 11900 and return to the downward trend. This paragraph is not intended as a trading strategy reference.

Resistance and support

Resistance: 11950--12100--12300

Support: 11650--11480--11200

The nature of each level: daily line - rising, 4 hours - rising, 1 hour - rising

The screenshot is from the 1-hour chart of OKEX ETH/USDT perpetual contract: the current objective trend and coping strategies: ETH followed BTC and fell below the short-term strength boundary -416, and the short-term trend is clearly weak. From the perspective of trading volume, the negative volume in the last two days is significantly greater than the positive volume, indicating that short-term short-term funds are clearly dominant. This phenomenon has not seen signs of easing for the time being, and the probability of continued adjustment after the rebound is still high.

It is recommended to pay attention to the support near 399 in the short term. If there is a stop signal after touching this price again (long lower shadow line in the 1-hour chart, Qiming star combination, etc.), you can consider buying at a low price. If there is no obvious sign of stopping the decline, focus on the support of the area around 382. The origin of this price (as shown in the figure) is an upward trend line formed by the important lows since the beginning of August. The probability of hitting the bottom of the formation stage of this price area larger.

Subjective expectations (for entertainment only): It is estimated that the current rebound in currency prices is unsustainable, and will continue to fluctuate downward in the later period, and it is expected to obtain effective support in the area around 382 to start a rebound. This paragraph is not intended as a trading strategy reference.

Resistance: 416--430--442

Support: 399--390--382

The nature of each level: daily line - rising, 4 hours - rising, 1 hour - falling

The screenshot is from OKEX EOS/USDT perpetual contract 1-hour chart: current objective trend and coping strategies: Under the influence of BTC breakout, EOS failed to maintain a strong state again, and fell below the 3.6 first-line short-term key that we previously focused on. Support, the short-term trend pattern weakens.

At present, the currency price has temporarily stopped falling and stabilized in a small consolidation zone in the previous period (marked by the red line in the figure), but the rebound will not last very well from the perspective of the trend structure and volume coordination. The probability of continuation of the decline after the short-term rebound is high, you can first pay attention to the first-line support of 3.25, and if there is a stop signal again, you can consider playing a short-term rebound.

Subjective expectations (for entertainment only): It is estimated that after falling to around 3.25, it will stop falling and usher in a short-term rebound. The strong pattern will be destroyed, and the probability of a big rise is unlikely. This paragraph is not intended as a trading strategy reference.

Resistance: 3.50--3.60--3.75

Support: 3.25--3.44--3.30

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