The DOW ended up 0.05%, the Nasdaq 0.41% and the S&P 500 0.31% higher at 4121.43. The DOLLAR index rebounded to close 0.215% higher at 102.41, while the yield on the 10-year Treasury rose above 3% for the first time since mid-May. Yesterday we said that the biggest expected data this week is the CPI index of May, which will be released by the US side on Friday. In addition, there is basically no other data or officials to stimulate the market. In this case, the market is estimated to be a small shock, and it is difficult to have a large fluctuation.
In the morning to see the fed's information, and to investigate Binance I find that American regulators over there seems to be a year of currency with survey information, but also don't know the results of the survey, I think it's also no need to panic, but the platform class supervision is imperative in the long run, or COINS ring trading platform, I believe that I, both the referee and athletes, To the market is very chaotic, it is difficult to provide a relatively fair environment for development and trading places, so in the future the platform class especially head platform have been strict regulatory risk, when that day comes, in what way, I also didn't want to know, so you can think about more, how to avoid similar risks.
South Korean regulators will hold a meeting on June 13 to announce self-regulatory regulations. Representatives from the Special Committee on Virtual Assets, the Financial Services Commission, the Financial Supervisory Service, the Financial Information Analysis Service, and the five major virtual asset exchanges (Upbit, Bithumb, Korbit, Coinone, and Gopax) will attend the meeting, which will discuss the unification of standards for listing and delisting of virtual assets and the establishment of self-regulation guidelines.
In South Korea, a wave of survey data in 2017 showed that 60% of the people are stir-frying currency. When the market comes, there is always kimchi premium in South Korea, so the government attaches great importance to the encryption market and regulatory policies. Such a unified standard in South Korea can play a leading example effect. No longer like the past exchange and then their own investment on the line of the secondary market, I believe that this circle is more and more standardized, only the circle of norms will really attract traditional capital crocodile admission.
COINS COINS quotation analysis short-term rebound in prices has been destroyed, will verify again at the bottom of the support, that there is strong support near 28000 was a serious test, if this time can effectively support again, then the shape of the afternoon will let everyone in the mind a little bottom, otherwise short cycle level has remained elusive.
4 hours and level of the current situation is a little surprise, have never thought a big Yin line directly to hit 3 June solstice on June 6, consolidation area, that is, June 6, white back, so in this case a location near the 28000 becomes particularly important, if you can get effective support, boost market confidence, the afternoon is worth looking forward to, If the support level is breached, the market panic will continue to low, the market will take a long time to recover from the damage.