Iran's parliament is drafting a new bill that will set out new rules and regulations for the use of cryptocurrencies, including a plan to develop a national cryptocurrency. According to the bill, the Central Bank of Iran will act as the body overseeing the country's cryptocurrency exchanges and will handle the domestic cryptocurrency market within three months. The use of cryptocurrencies other than the national cryptocurrency as payments for transactions within or within Iran is prohibited. This is bound to cause market sentiment to spread, but for the long term is a positive process.
On the other hand, the current global regulatory trend is increasingly stricter, especially for Bitcoin, Ethereum and various emerging animal currencies. In fact, the main reason is that the economy is more strictly monitored. The current global regulatory trend is to gradually establish a corresponding relationship with traditional assets while adapting to the characteristics of cryptocurrency assets themselves. At present, the means and technologies are in the exploratory stage. With the development of regulatory technologies, reasonable compliance may be achieved in the current system.
Take the Bitcoins as an example, this wave of strong decline and policy regulation has certain reasons, but the main reason is that its price and chaotic market make new investors discouraged, the people who are not determined to leave the market, so under many factors to cause the current situation. However, as China's subsequent policies come to an end, the crackdown on mining has a limited impact on the price of crypto trading market. It is believed that after such a big wave of sand washing, all the gold is left behind.
Technically:
BTC:
Bitcoin was unable to step back frequently yesterday to break again, the evening is also ushered in a wave of small rebound, let the trend stabilized in the upper 33000 area. At present, the situation of bulls has improved, but there is no short term break out, the market is still fluctuating in the range, so it is not recommended to blindly chase up, our thinking in the short term is still high and low, the top of the pressure to pay attention to 34000-34400, breakthrough to see around 35200. The lower support is eyed in the 3300-32700 area.
ETH:
Day rebound is still continuing, has broken through 2145 short-term suppression, if the follow-up can stabilize, the market is expected to be as expected upward test 2200 a line, look forward to you mention ready. Ethereum short-term trend, is still a range of volatile market, so the operation can be high and low, the top of the suppression of attention to 2235-2287, the lower support to see 2075, 2020.
BCH:
Prince affected by the market, the price of the day out of a small rebound, is now close to the 500 line, if the subsequent breakthrough, the price is expected to further move toward 510 position, hope you coin friends ready. Short-term trend or to maintain wide shocks, so we think high and low can be much, the top suppression followed by concern 510-528-550, lower support concern 470-445.
FIL:
Yesterday the trend is weak, the price is constantly testing downward, fortunately 55 support did not fall, otherwise the trend and retreat 50 line support may. At present, the price is near the 57 position. If the subsequent rebound to the 60-61 short-term suppression area, you can consider the admission of an empty single, break the stop loss, stop profit to see below 56. Market to 60 a line after the fall, the short-term trend is weak, so short - term operation is recommended to empty single, single cautious admission.
LTC:
Wright currency hit a low of 130 a line out of the rally as scheduled, now the price is in 136 near the location, short-term support hit a downlink temporary relief, subsequent focus on 140 a line suppression, days if you can't break through stabilization, is expected to price will also retreat 130 first-line support, and breaking a further downward price test location near 125, so many single recommend careful to enter, Decline can be homeopathic consideration of short short earnings.