News: The latest news shows that Hong Kong Financial Secretary Paul Chan revealed a series of fintech initiatives in an interview recently. The Hong Kong Monetary Authority is currently developing a regulatory framework for stablecoins and plans to conduct a second round of public consultation this year. It is expected that relevant regulatory arrangements will be implemented in 2023/2024. In addition, Hong Kong's fintech ecosystem has developed rapidly, covering more than 800 related companies, including virtual banks, virtual insurance companies and licensed virtual asset trading platforms. It is particularly worth mentioning that in March this year, Hong Kong also launched a special technology company listing mechanism to provide new financing channels for special technology companies such as cloud services and artificial intelligence, while helping the country's core technology research and development. These measures will further promote innovation and development in Hong Kong's fintech sector.
The technical characteristics of Bitcoin are as follows: At the large-cycle daily level, the K-line pattern retreats with continuous negative lines, and the fast and slow lines of the attached indicator cross downward, but the closing line shows a bottoming-out and rebounding pattern. Therefore, we should pay attention to the breakout of yesterday's low point, and a rebound may occur. The short-term hourly chart shows that the price of the previous day's European session retreated under pressure and broke the previous day's low point. The opening of the decline is in the 30300 area, and the low point support is in the 29650 area. At present, the price is supported and rebounded after bottoming out in the early morning. If you want to see continuation, the rebound cannot break the opening of the decline position, otherwise it may be difficult to continue to fall. Therefore, today's BTC short-term contract trading strategy recommendation: At present, you can consider short orders, set the stop loss in the 30350 area, and target the 29500-29400 area. At the same time, it should be emphasized again that the trend of the European session price is crucial. If the European session price rebounds and breaks the opening of the decline, then you may need to adjust the trading strategy.
The technical characteristics of Ethereum are as follows: On the daily level of the large cycle, the K-line pattern is continuous and the attached indicator is a dead cross downward. However, after the price retreated yesterday, it was supported in the morning and rebounded. The low support position is still in the 1860 area, and the high resistance position is in the 1935 area, which is also the opening position of yesterday. On the short-term hourly chart, the K-line pattern is continuous and the attached indicator shows a golden cross upward signal. But it should be noted that if the decline continues today, the rebound cannot break through the opening position of yesterday, otherwise it may be difficult to continue to fall. Therefore, the focus is on the trend of the European session. According to two preparation plans, first: if the price rebounds to the 1915 area, you can consider opening a short order, with a stop loss set at the 1935 area, and the target is the 1880-1860 area; second: if the price rebounds and breaks the 1935 area in the European session, you can try to open a long order after the US session retreats. These trading strategies should pay close attention to market dynamics and make timely adjustments.
The old leeks' thoughts: Investment is inherently risky and mistakes are inevitable, but we still need to maintain a rational and stable mentality. In the face of the temptation of profit, we should be indifferent to fame and fortune and keep a clear head; in the face of the blow of loss, we should strengthen our confidence and learn lessons. Rational analysis of the situation and prudent operation and decision-making are the inherent qualities that every investor must have. We must cultivate a stable mentality through repeated practice and grow ourselves through constant reflection. Adhere to the proactive investment philosophy and accumulate small victories into big ones down to earth, so that we can move forward steadily on the road of investment.
