Hello everyone, welcome to the bit viewer, let me tell you about today's news events of the blockchain and the analysis of the Bitcoin market
1Yes, HashKey issued a note on supporting the HKD: the HKD trading pair will be available in the coming weeks
News on August 31, Hong Kong licensed cryptocurrency exchange HashKey Exchange officially released a description of Hong Kong dollar fiat currency HKD support, HashKey Exchange platform currently supports Hong Kong dollar fiat currency HKD deposits and withdrawals, users can be used for KYC deposit verification, currently do not support HKD trading pair trading, is expected to be HKD trading pairs in the next few weeks.
2Yes, Vertex Protocol will issue VRTX tokens in October
On August 31, Vertex Protocol, a decentralized trading platform based on Arbitrum, announced on the X platform that it will launch VRTX token generation activities in October.
Previously, in June, Vertex Protocol received strategic investment from Wintermute Ventures, the specific amount of which was not disclosed.
3Yes, Musk:X is coming soon with video and audio calling capabilities
On August 31, Musk posted: "Video and audio calls are coming to X. This feature is available for iOS, Android, Mac, and PC; No phone number is required; X is a valid global address book. ”
4 Yes, a U.S. judge approved Binance.US attorney Andrew Rhys Davies to participate in the SEC lawsuit
On August 31, according to CoinGape, in the US SEC lawsuit against Binance and Binance.US, lawyer Andrew Rhys Davies filed a notice to appear for BAM Management US Holdings and BAM Trading Services (Binance.US) on August 30.
U.S. Judge Amy Berman Jackson has granted Davies' previous motion to appear as an attorney in the lawsuit. Under a previous order, Judge Jackson wanted Davies to file a notice to appear in court.
Earlier, on August 29, the SEC filed a sealing motion against Binance in court.
5Yes, Binance reminds users to convert BUSD to other stablecoins by February 2024
On August 31, Binance announced that as Paxos stopped issuing new BUSD tokens, Binance will gradually stop supporting BUSD. The Binance platform will continue to support a wide range of stablecoins and other digital assets. The platform reminds users that they can convert their BUSD assets to other assets supported by the Binance platform before February 2024.
Binance emphasizes that user assets are safe and that BUSD will always be anchored by the US dollar in a 1:1 ratio.
Previously, it was reported that Binance would stop supporting BUSD in 2024, and the redemption would end by February 2024.
Well, that's it for today's blockchain news, let me talk about today's bitcoin market
Let's review yesterday's market first
Yesterday's market first rose and then fell, and slowly fell back step by step within the day, stepping back from the highest point of 28100 to the lowest point of 27000, and then rebounding to the current range around 27200
Well, the old rule, let's take a look at the Japanese K chart first
Yesterday reported a small black bar, and this falling Bollinger band has already passed halfway. Looking at the MACD again, it continues that yesterday's trend is moving upwards. Finally, there is KDJ, which continues to maintain the golden cross, but for now the J line turns downward.
After looking at the daily chart, let's take a look at the 4-hour chart
It can be seen that after yesterday's retracement, there was no rebound, and today it is a parallel oscillating trend, currently running above the 27200 line above the middle band. Looking at MACD again, you can see that the fast and slow double lines are converging, and the golden cross is about to end, and a dead cross will be formed above the 0 axis. Then came the KDJ, where the third line transitioned during operation, rising collectively at the 50 position.
After looking at 4 hours, let's take another look at the 1-hour chart
Bollinger further shrunk, today the K line is generally below the middle track, until about 1 pm to rush above the middle track to travel far. Looking at MACD again, the fast and slow double lines converge at the 0 axis position. Finally, look at KDJ, the third line is currently a golden cross, but the volatility is small.
After reading these, my summary today:
Yesterday the coin price retracement after there was no rebound, today at 12 a.m. there was a small pin to 27000, and then the coin price has been around 27200 slight oscillation, the daily level of bulls strong but failed to continue, K line closed negative, the current short-term trend is biased towards bears, below you need to continue to pay attention to this support line of 27000 ~ 26800, if it can be held, the probability of a second rise is large, but at present
Fang has not yet tested, so today's operation idea is short, operation suggestions: 27400~27500 range short, target 27000~26800, stop loss: 27800
Today is also the last day of August, in September, the news includes non-farm, Fed interest rate decision meeting, Bitcoin spot ETF approval, etc., when the market should have a big change, worthy of everyone's attention.
The above is personal advice, investment is risky, enter the market need to be cautious. The market changes a lot, and the specific operation is mainly based on real-time strategies.