Market Analysis on January 22, 2019

Russia may allow some entities from IT departments and sector chains to use digital assets in their financial transactions. According to the draft law proposed by the Ministry of Economic Development, the experimental regulatory system will be implemented in some parts of the country. Anatoly Aksakov, chairman of the Parliamentary Financial Market Committee, said the Duma would support the idea of "pilot areas" to test the flow of encrypted currency. Aksakov expressed the hope that the sandbox law would be approved during the spring meeting. The Ministry of Economy said its bill was still under discussion. The effective way to survive for a long time may be to incorporate digital money into the effective supervision of government departments.

BTC/USDT

（4小时图）

(30-minute chart)
BTC fluctuated less than 2% up and down yesterday, with minimal momentum and no substantial change in trend. In the 30 minute chart, a box consolidation interval (blue part) is formed. Today, focus on the direction of this interval. If it breaks up, it will return to the range of 3724 to 3550. If it breaks down, it will fall towards the first low of 3444 in the 4-hour chart. Supporting 3500 under upper pressure 3550 3724
ETH/USDT

ETH's daily fluctuation yesterday was also extremely limited. Recently, the liquidity of digital money is insufficient, and the overall momentum difference is limited. Yesterday, ETH did not have any substantial changes. The three arrow positions marked in the 4-hour chart, prices and their small gaps are gradually rising. Today, we pay attention to these three positions. If they are effectively broken down one by one, then the effective support formed in this position will disappear and the market will further decline. The above short-term focus on 118 position, in the 30-minute chart if the position can effectively break through, the market is expected to stabilize in the short term. Upper pressure 118 130 and lower support 113
EOS/USDT

(Daily chart)

(30-minute chart)
Yesterday, the EOS daily line received a small positive line with a longer shadow line, and the pressure above was still high. The 30-minute chart shows a shorter consolidation period on the right. Today's market is more likely to continue to oscillate within this range, and the possibility of future market moving towards the lower edge of the channel still exists. Upper pressure 2.34 2.40 lower support 2.302.10

The above is for reference only.