LOEx Market Research Report on October 29: U.S. stocks tumbled and BTC didn’t follow it
[Today’s Hot Tips]
1. [MicroStrategy will continue to buy BTC]
The executive revealed that MicroStrategy will continue to buy BTC. In addition, the CEO of MicroStrategy privately holds 17,732 BTC at a purchase price of US$9882.
2. [The CEO of MicroStrategy privately holds 17,732 BTC, the purchase price is $9882]
Michael Saylor, the of CEO MicroStrategy, stated on Twitter that he personally holds 17,732 BTC, with an average purchase price of approximately $9882. In addition, before MicroStrategy decided to buy BTC, Michael Saylor notified the company that he held the aforementioned BTC.
3. [Tether issued 150 million USDT to the ETH network]
The data on the stablecoin page of DAppTotal.com shows: At 01:27 on October 29, the USDT issuer, Tether, issued a new USDT worth $150 million to the ETH network. The block height is: 11146533, The value of transaction hash is: 0x1a032461990b0ed8d4b2715c9700e43097e2fd18e14ccbb881f458fa7f036da9. Up to now, the total issuance of Tether on the ETH network of ERC20 USDT has reached 10,784,246,184.
[Today’s market analysis]
Bitcoin (BTC)BTC first dropped to 13011.27 USDT in the early morning, then rose slightly, and is currently located near 13200 USDT. Most mainstream currencies are adjusted within the day. BTC is currently trading at 13230.3 USDT in LOEx, a daily increase of 0.11%.
The U.S. stock market plummeted last night, and BTC no longer follows the downward adjustment of the U.S. stock market. BTC is continuing to new highs, and it is just one step away from the highest point in 2019. 14,000 points are actually just a psychological threshold. It will pass quickly, and there is no big problem.
Compared with the previous years, the rise in this year has one of the biggest characteristics, that is, it is very stable. There is not a single day with a particularly high rise, and no single day with a particularly large correction. It seems that fluctuations of more than 10% are rarely seen, and 20% is even rarer.
In the past, when BTC rose, everyone would politely ask whether it was incremental funds or stock funds. This year, everyone has not asked this question, because everyone knows that it is money outside the circle. Almost all BTC’s rise this year has come from the positive promotion of Americans. They can really feel the logic of the rise, and many people are indeed in the “car.” So at this stage, as long as BTC has a callback, it is a chance to “get on the car”, and the 10,000 point support is very strong.
Operation suggestions:
Support level: the first support level is 13,000 points, the second support level is 12,800 integers;
Resistance level: the first resistance level is 13,600 points, the second resistance level is 14,000 points.
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