Market Analysis on January 8, 2019

The year 2019 may be the beginning of the formal regulation of digital money by government departments. Now more and more signs show that this situation will be realized. For digital money, it will say goodbye to the brutal and violent development mode, which is a good thing for investors. Recent attention should be paid to the ETH Constantinople Hard Bifurcation Event at 3 p.m. on January 16th. The previous BCH Hard Bifurcation Event brought panic to the market. Now the mainstream currencies are at a low level. Whether ETH Hard Bifurcation Event can bring power to the digital money market deserves our attention.

BTC/USDT

(4-hour chart)

(30-minute chart)
There was no substantial change in BTC's market yesterday. The 4-hour chart failed to break up further. From the 30-minute chart, we can see that there are signs of a gradual downward trend. If you can't effectively break through the pressure line above 30 minutes today and continue to go down, you may look down for support near 3780 of the 30 minutes upward trend line. At the top, we continue to pay attention to whether the upper edge of the channel can break through effectively. Upper pressure 4000 4200 and lower support 3780 3500

ETH/USDT

(4-hour chart)

(30-minute chart)
Yesterday, ETH broke through the first upward trend line in 4 hours downward, and the 30-minute chart also effectively penetrated the average line system downward, which accorded with the previous judgment. In the short run, it may run near the next upward trend line to form a new consolidation interval. Supporting 139 112 under upper pressure 152 158

EOS/USDT

(30-minute chart)

(4-hour chart)
Yesterday EOS did not break the 4-hour chart to form a double-top shape (2.85 position) but fell back. 30 minutes have begun to run downward. Today, first of all, we should pay attention to the box integration interval in the 30-minute chart. If we break through the lower edge of the box, we may call back to the rising trend line in the 4-hour chart and test the position near 2.60. If 30 minutes break through the upper edge of the box, continue to pay attention to whether the double roofs at 2.85 position can break through. Upper pressure 2.853.00 and lower support 2.602.22