The market is closely watching the meeting and faces another battle for 37,000

Today's market can only be described in three words: boring.
It seemed as if the entire market was holding its breath waiting for the results of the Sichuan meeting, and various news were heard in the market during this period, but overall there was no definite news. Either according to the participants, nothing useful was discussed, or it was said that the water and electricity in the mountains had been cut off and the mines were preparing to relocate. Others said that the mines in Xinjiang and Sichuan were not closed, but the price would be increased by 2 cents per kilowatt-hour. In short, it was confusing and there were all kinds of news.
There are also market sources saying that today's meeting is just a research meeting, not a decision-making meeting, and the level of the meeting is relatively low. The impact on the industry is very limited and has no policy significance. It is more market sentiment or long and short players who are speculating on this meeting. The key to the follow-up depends on how the decision makers in Beijing and various provinces judge.
Judging from the current market situation, the results of the meeting have not yet come out, but the basic impact has been achieved, that is, the influence on market sentiment. Looking at the current tense market sentiment, we can see that this perhaps "not so important" meeting may have a certain impact on the market.
As for the final decision of the mining farm, according to the recent market attitude, the result may be relatively pessimistic. In the past ten days, Xinhua News Agency has published ten pieces of news in the cryptocurrency circle, including mining and virtual currency, which are not optimistic, which somewhat reflects some potential meanings.
At present, most mining farms have made preparations for overseas migration and have even put it into action, but will this have a big impact on the cryptocurrency market? Again, it mainly affects the market sentiment in the short term. Even if mining is not done in China, the computing power will be migrated to other places to continue mining. It is just a question of the right to speak on computing power in different regions.
Compared with the uncertainty of mining, what we should pay more attention to at present is the change in trading. This not only requires official restrictions, but also the industry urgently needs to rectify this aspect.
The existence of air coins and high-leverage transactions has not only caused great physical and mental harm to investors, but also made this circle have a bad impression in the mainstream market. From the perspective of investor protection, these two are the areas that need to be rectified.
It is obviously not objective to take a one-size-fits-all approach in the current market, and it is also difficult to do so at present, but drastic measures should be taken against virtual currency scams such as Ponzi schemes and pig-killing schemes. Although this industry will be "painful" in the short term, it will undoubtedly be beneficial in the long run.
In short, while everyone is keeping a close eye on the news about the mining meeting, do not let down your guard and think that everything will be fine once the news comes out. For the domestic cryptocurrency market, mining is of general importance and has a great impact on transactions.
Today's overall trend is a volatile upward trend, but the market is still relatively boring. Although it has returned to above $37,000, the key activity range is still very obvious, and the pressure position is also very obvious.
At present, it is not only necessary to break through $37,000, but also to successfully stabilize it. After several attempts to break through $37,000, it failed to stabilize successfully. This position has also become a place of competition between bulls and bears.

However, in the short term, the forces of both bulls and bears are evenly matched, and it is difficult to make a specific decision and direction in the short term. The next breakthrough point must be the impact of news, and it is likely to be affected by domestic news. In the short term, it is still expected to fluctuate. (Block Rhythm)