There have been rumors in the past two days that the crypto field will be liberalized, causing an uproar. Let's not talk about the reliability of the news. Is the simple liberalization good for the market?
Personally, I think that the period of liberalization was a big negative.
At a dinner party in 2017, a big V of a project party patted his chest and said, "My brother is XXX. The listed company will soon do currency business. In the future, the currency will be under the control of securities. There is unlimited future."
Brother Wang's words made the audience feel cold. If the currency is under the control of securities, should the project party be suppressed first? After all, the current currency listing process is not compliant.
After five years, looking back at the old Americans, we know how "terrible" compliance is. After all, they didn't care about the project party before, because they were too lazy to care. Once they were included in the control area and included in the indicators, these are all shining gold coins.
I am not afraid of liberalization, but I am afraid of partial liberalization.
If according to the capital access rules, for example, the funds exceed 5 million and meet the risk level, the ETF that purchases BTC in Hong Kong is allowed to buy BTC with a stock account in the future. Is this considered liberalization?
Of course, it is considered to be liberalized, and it is a big positive, but for U, OK, and BN, it is completely negative, which means that they will face the strongest control in history. You may think it is alarmist, but by then, you may not be able to see or hear any related articles. According to compliance, individuals cannot talk about securities.
So the first time it is liberalized, it is bound to face a heavy hammer. Only after the wind and the waves are calm, will a new spring come. Of course, for the trading party, a more compliant market can go further. Brother Wang also hopes to usher in real compliance, even if it is painful.
...
Funds are turning to outflow. It can be seen that ETF has become a market vane recently. In the past two days, funds have turned from inflow to outflow. At the same time, BTC began to fall sharply.
It is safer to pay attention to the abnormal outflow of funds and then decide to start.
BTC:
BTC is flat along the 5-day line, and the hourly line is pinned back, confirming the top selling pressure. The upper $63752 is the key point of the pin. Only by standing firmly at $63752 can it build a bottom and strengthen, and return to the bullish upward trend. With the weakening of the bullish volume, BTC needs to further build a bottom. Next, BTC will fall back at $63752.
Exchange qun+V: 2758624303
Resistance level: 63752, 65046, 66134
Support level: 61132, 59975, 58673
ETH:
ETH fell back after a pin-surge, and with the weakening of long volume, ETH entered a triangle convergence trend. The hourly pin fell back, confirming the selling pressure of the resistance line. The key point of the resistance line formed on 4.29 and 5.6 above, $3074 above is the key point of the resistance line. Only by breaking through $3074 in large volume can it quickly rise and strengthen. Next, ETH rose and fell at $3074.
Resistance level: 3074, 3172, 3253
Support level: 2965, 2906, 2843
