The Crypto Fear & Greed Index fell to 49 today (from 54 yesterday), and the rating remains neutral.
According to Barron's: The U.S. Federal Deposit Insurance Corporation (FDIC) plans to revise banking guidelines to allow banks to conduct certain crypto businesses without prior regulatory approval.
"This means that banks can custody customers' cryptocurrencies and they will be insured by the FDIC, which is positive in promoting the connection between US banks and cryptocurrencies."
Naoki Tamura, the "hawkish king" of the Bank of Japan: Interest rates must be raised to a level that is nominally considered neutral, at least around 1%.
"Japan's benchmark interest rate is currently 0.5%. He believes that the rate will be raised by 25 basis points or more at least twice in the next fiscal year after April. Japan has maintained negative interest rates for many years. Due to the existence of arbitrage funds, the expectation of raising interest rates will have a greater impact on the global financial market. The tragedy of the 805 crash last year was mostly attributed to it."
ECB Governing Council: Supports a gradual interest rate cut of 25 basis points. In the face of potential tariffs, Europe must work together and anticipate the upcoming negotiations.
Federal Reserve's Barkin: Federal Reserve's Barkin: Still inclined to cut interest rates this year, no signs of overheating of the economy are seen.
Hong Kong Legislative Council member Wu Jiezhuang: Hong Kong needs to speed up the study on the feasibility of incorporating Bitcoin into strategic reserves.
……
The technical chart given yesterday was very clear, $BTC basically follows the drawn line, and it will take many days to oscillate around the center. It is the reserve for short-term players, so trend players should not join in the fun.
After the closing at 8 o'clock this morning, the daily level "CharlesK7 Trend" indicator turned to a neutral trend. For trend players with short positions, there will be good entry signals to refer to in the future. Using the smallest stop loss to maximize profits is the essence of trend trading.
The share of altcoins has recently received a weekly warning of "CharlesK7 buy point". Whether it is valid can only be confirmed after the close of this week. If confirmed, altcoins may have a promising future.
By the way, the recent article by BitMex co-founder Arthur Hayes on the US strategic reserve of Bitcoin is quite interesting. It’s too long so I won’t post it here. You can find it yourself.
That's it.
20250206 by CharlesK7
