Late in the night, news broke that the United States is launching its own cryptocurrency exchange, with several of the country’s largest investment firms, including Citadel, Charles Schwab and Fidelity Digital Assets, set to launch bitcoin exchanges this week.
As the news came out, the price of #BTC soared to around 28,000 US dollars.
So, does this sudden good news mean that a bull market is coming?
Still the same old three things, let’s first look at the monthly line of BTC!
This month's monthly line turned green against the trend, with a large amount of funds pouring in. The scale is not small, and the moving average, which had already shown a downward trend, has actually risen.
A huge amount of funds flowed in within 1 hour, which shows how explosive the news was.
Here I suddenly have a hunch, is it true that the accusation made by the US SEC against #Binance was intended to short the market and buy at the bottom?
Is suppressing Binance and launching its own exchange the real purpose of the United States?
It’s a bit early to draw conclusions.
However, now that the funds have entered the market, we might as well go with the flow!
It is still necessary to pay attention not to open a contract. The market will have huge fluctuations at this position. Prevent ups and downs. Spot is king and it is still the main theme.
The strength of #BTC makes the #ETH in my hand no longer attractive. Just focus on the mainstream and don’t rush for local dogs. Maybe at this time, Binance will continue to be suppressed in the short term, so don’t hold on to BNB!
