BlackRock speaks out, the landscape of digital currencies may change
According to Golden Finance news, Jean Boivin, head of BlackRock Investment Research, has released important signals in his weekly commentary. The recent enactment of laws in the U.S., such as the Genius Act, has solidified the position of stablecoins as a means of digital payment in the future financial system.
BlackRock further views stablecoins as a new component of future finance, while believing that Bitcoin is expected to act as a tool for diversified investment returns, becoming a unique driver of risk and return.
The agency emphasizes that the current advancement of the U.S. regulatory framework and the government's wave of support for the mainstreaming of digital assets will further promote the popularization of digital assets, undoubtedly injecting a boost into the development of cryptocurrencies like Bitcoin.
#比特币 : Seeking directional breakthroughs in fluctuations
Recently, Bitcoin has maintained a fluctuating adjustment trend, with the current price precisely around the middle band of the Bollinger Bands at $118,236, a position that serves as both resistance and support, leading to fierce competition between bulls and bears. From a technical indicator perspective, the MA5 and MA10 have formed a golden cross within the range, releasing short-term bullish signals; however, the contraction of the MACD green bar indicates that the upward momentum is somewhat insufficient, and there is significant divergence in the market between bulls and bears, which warrants the attention of investors.
In the short term, a breakthrough of the narrow range between $118,000 and $118,500 will become critical, with $118,236 serving as the dividing line between bulls and bears, its importance is self-evident. Additionally, the support level at $117,781 below is particularly crucial; once this position is lost, the short-term bullish pattern will be damaged, and the market may face further downward risks.
Operation suggestion: Aggressive investors may chase long positions when the price effectively breaks through $118,300, but this requires high timing and technical judgment; conservative investors may wait to go long when the price pulls back to around $117,781, while strictly setting the stop-loss below $117,500 to ensure a reasonable risk-reward ratio.
#以太坊 Bullish pattern but need to guard against pullbacks
The four-hour chart of Ethereum shows a clear bullish pattern, with prices steadily standing above all moving averages and successfully breaking through the middle band of the Bollinger Bands, highlighting a strong short-term trend. However, investors should not be blindly optimistic, as the resistance level at the previous high of $3848.89 looms like a mountain, adding obstacles to the upward path, while the risk of a pullback under overbought conditions is quietly accumulating.
If the price of Ethereum strongly breaks through the previous high, the next target may be the upper band of the Bollinger Bands around $3900; if the market experiences a pullback, close attention should be paid to the support levels at $3815 and $3791. Given the current market situation, it is not recommended for investors to chase high prices in the short term; instead, be patient and wait for prices to pull back to the MA5 moving average or the middle band of the Bollinger Bands before considering entering the market.
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