Thoughts on the market on 05/30/2020
Contrary to expectations, there was no volatility in the market, Bitcoin is in the same place as a day ago.
Market capitalization 264 billion, dominance index 65.7
In traditional markets, everything was calm, too, the S&P 500 not only stayed above 3000, but also showed a slight increase, closing at 3044.
The markets were waiting for Trump's promised performance in China and Hong Kong, and he faced a difficult choice: either to announce a tough response, sanctions and a trade war and to collapse the markets, or not to do this and lose face in the eyes of voters, because he "did not defend Hong Kong."
The question of why the United States should defend against China a special administrative region of China, populated by the Chinese, which is located on the other side of the world, has long been no one raises.
And all this before the election.
Trump got out, saying that he would stick to a trade agreement with China, but would cancel visas to Chinese students and scholars.
The market arranged it.
There was a video about converting funds into a digital yuan, and in the USA they posted a whitepaper of a digital dollar.
World leaders understand that the future of finance is in cryptocurrencies.
The bitcoin flat market and the growth of altcoins.
Expectations of volatility in the expiration of futures and options did not materialize. Perhaps we will see her in the thin weekend market. I would say that the chances of this are quite large, and the price of bitcoin on the weekend goes either to 9100 or 9800, but is unlikely to leave the limits of this range.
As I said yesterday, if Bitcoin remains above 9000 before Monday morning, a hike to 10500 is very likely.
ProfitChief closed a profitable deal on BNB, in Mid-term deals we hold a position on the Air.
I do the same on my trading account.
In the case of a further flat Bitcoin, altcoins will grow.
Contrary to expectations, there was no volatility in the market, Bitcoin is in the same place as a day ago.
Market capitalization 264 billion, dominance index 65.7
In traditional markets, everything was calm, too, the S&P 500 not only stayed above 3000, but also showed a slight increase, closing at 3044.
The markets were waiting for Trump's promised performance in China and Hong Kong, and he faced a difficult choice: either to announce a tough response, sanctions and a trade war and to collapse the markets, or not to do this and lose face in the eyes of voters, because he "did not defend Hong Kong."
The question of why the United States should defend against China a special administrative region of China, populated by the Chinese, which is located on the other side of the world, has long been no one raises.
And all this before the election.
Trump got out, saying that he would stick to a trade agreement with China, but would cancel visas to Chinese students and scholars.
The market arranged it.
There was a video about converting funds into a digital yuan, and in the USA they posted a whitepaper of a digital dollar.
World leaders understand that the future of finance is in cryptocurrencies.
The bitcoin flat market and the growth of altcoins.
Expectations of volatility in the expiration of futures and options did not materialize. Perhaps we will see her in the thin weekend market. I would say that the chances of this are quite large, and the price of bitcoin on the weekend goes either to 9100 or 9800, but is unlikely to leave the limits of this range.
As I said yesterday, if Bitcoin remains above 9000 before Monday morning, a hike to 10500 is very likely.
ProfitChief closed a profitable deal on BNB, in Mid-term deals we hold a position on the Air.
I do the same on my trading account.
In the case of a further flat Bitcoin, altcoins will grow.