At 23:00 yesterday, all mining machines connected to the State Grid in Sichuan were shut down, and miners dismantled the mining machines overnight. Indonesia plans to create a cryptocurrency exchange by the end of 2021 and will reassess and revise relevant regulations. Data: The total market value of stable coins exceeded US$110 billion, a surge of nearly 10 times within a year. The Portuguese central bank granted a license for a local crypto trading platform for the first time. From a technical point of view, the bearish sentiment dominates the market. Daily candle has been at a recent low for a long time. From the H4 graph, it can be seen at $2000 is risky now. BOLL gets the support from the base position, MACD shows signs of weakening and MA forms Death Cross at a high position. Overall prioritise Sell on high on fluctuation zone. Overall prioritise operation on the fluctuation zone. The deciding point whether to buy or sell is near 2000.
Resistance：2180-2260-2400
Support：2000-1820-1700
This material is from Quant Tech Limited and is being posted with permission from Quant Tech Limited. The views expressed in this material are solely those of the author and/or Quant Tech Limited and BTCDana is not endorsing or recommending any investment or trading discussed in the material. Before acting on this material, you should consider whether it is suitable for your circumstances and as necessary, seek professional advice