Today's information:
According to Bloomberg News on January 6, British investment company Tetragon Financial Group, with total assets of US$2.32 billion, filed a lawsuit against Ripple in the Delaware Chancery Court. According to the public documents submitted, the investment company stated that it seeks to enforce its contractual rights, requires Ripple to redeem the Series C preferred shares held by Tetragon, and prevents Ripple from using any cash or other liquid assets before the payment is completed. Tetragon also asked the court to issue a temporary restraining order, a preliminary injunction and an accelerated trial. Representatives of Ripple and Tetragon did not immediately respond to requests for comment. Earlier news, Ripple completed a $200 million Series C financing under the leadership of Tetragon Financial Group on February 1.
Market analysis:
The price of Bitcoin began to rebound from yesterday afternoon, and the price rose from a low around 30,000. The highest price reached 34372 in the early morning of the day. Subsequently, the price fell, and the current price is running near 33850.
At the daily level, the price of Bitcoin once again closed out a Xiaoyang with a long lower shadow yesterday, and many forces are still very tough. In the day, prices rose strongly, and in the early morning they tested the upper track position of the Bollinger Band under pressure. The 5-day, 10-day, 20-day, and 60-day moving averages are arranged in long positions. In terms of indicators in the attached drawings, MACD is currently continuing to rise, and RSI and Stoch are also turning to upwards.
From the 4-hour chart, this strong upward wave in the early morning also opened up the Bollinger Band trend again. The 5-day moving average Jincha 10-day line is currently converging near 32,500 on the Bollinger Band middle track. Looking at the indicators in the attached map, MACD Jin Cha. On the whole, the market outlook for bitcoin prices is expected to continue to be a strong upward pattern. The market outlook needs to pay attention to the breakthroughs of 34000, 34600, and 34762. Breaking positions can follow the trend and follow up multiple orders. Pay attention to timely grasp of profits and control risks.
In terms of Ethereum:
Ethereum followed Bitcoin in the morning and went up in a wave. The price reached the 1120 position and then fell back. However, the current price is still running around 1100, and the market outlook can focus on whether the price can stabilize the 1100 position. From the current situation, Ethereum wants to break the previous high in the short term. It is expected that the chance is small, and the price will still go up again after a wave of backstepping. Then you can focus on the location near 1060 below, and then focus on the 1000 point location. The strategy is still based on callbacks.