Market Analysis on December 7, 2021

Market Analysis on December 7, 2021

By ZT Global | analysis | 7 Dec 2021


BTC

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Yesterday, it was said that Bitcoin's 1-hour level rebounded to the moving average, and the pressure would come back and fall behind again. The current 1-hour level breakthrough has been completed, but there is still a lot of room for the four-hour level. The only question at present is whether the Fed will raise interest rates and when Christmas is approaching a lot of funds will choose to withdraw. Generally speaking, it is still the problem of serious global economic inflation and economic downturn. If the rebound is profitable, it is still necessary to control the position.

LUNA

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The LUNA-based public chain mentioned above, currently the best is also LUNA, slowly rising along the moving average, this is also the fastest rising coin after the BTC crash.

SFP

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The SFP mentioned yesterday has once again returned to above the moving average, and currently has a profit of about 10%. At the end of the month, there will be a drop in the clearing of mainland Chinese users by some exchanges, depending on whether the funds will choose DEX wallets such as SFP.

The previous opinions of other currencies remain unchanged, and you can hold them patiently. The more you pull up, the more you need to consider the risk. Leave 20% principal as a guarantee.

Risk warning:

The above analysis is for reference only. There are risks in the currency market and investment needs to be cautious.

 

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ZT Global
ZT Global

ZT, a global crypto exchange platform which aims to provide the best users' experience,and it's invested by SOFTBANK.


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analysis

ZT exchange is invested by soft bank. it's a global crypto exchange platform aims to provide the best users' experience.

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