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 Hello everyone, here is OkRebate.com, and this video will explain the fundamentals and technics of recent cryptocurrencies.

 On Monday, January 29, the European Union’s Securities and Markets Authority (ESMA) proposed a new proposal to regulate the conditions for cryptocurrency companies outside the EU to serve within the EU. The proposal is designed to prevent unfair competition and echoes the Comprehensive cryptocurrency Market rule (MiCA) adopted by the European Union last year.

 As the world’s first comprehensive rule for the cryptocurrency market, the MiCA is groundbreaking for an online industry that is difficult to regulate. However, the EU’s latest proposal would cover crypto asset companies outside the EU, offering them new options to serve directly to EU customers, without having to go through internal EU entities.

 In a statement, ESMA stated: ” According to MiCA, the crypto asset services provided by third country companies are limited to cases where the customer is the sole sponsor of the service.”This means that third country companies will be subject to strict restrictions to provide services if customers offer them.

 The new rules also strengthen regulation of “reverse solicitation,” a concept that has been reflected in other EU financial laws, forcing foreign companies to set up physical bases in the EU to provide services to EU customers.

 The ESMA said it would conduct a public consultation on the proposal by the end of April and release the final text by the end of 2024 at the latest. The agency said it would take all necessary steps to actively protect EU investors and MiCA-compliant crypto asset service providers from improper intrusion by non-EU and non-MiCA-compliant entities.

In addition to regulating the conduct of third-country companies, the new rules list how crypto assets may be considered “financial instruments” and are therefore governed by the EU MiFID rules, further strengthening the regulation of this market.

[Text 1: Bitcoin]

 Let’s go back to the technical, the current page is a daily chart of Bitcoin.

 In the last video, we gave 35989-40000 long, 48666 long stop profit, 35989 below the watch.

From this week’s trend, bitcoin entered the long range as expected, the lowest price to 38500, and the daily line is positive, showing strong support, then rose to 43740, up 13.6%. So in this range is still effective, it is worth noting that the recent bitcoin profit plate is large, short strength can not be underestimated, 48666 is the overall target of the subsequent long, and in the short term, we suggest that some long positions in 45000 stop surplus.

 Detailed operation recommendations are as follows:

35989-40000 long, 45000 for the first stop profit, 48666 overall long stop surplus, 35989 below wait and see.

[Text 2: Etherum]

 Let’s look at the Ethereum again,The current page is a daily chart of Ethereum.

Ethereum is also in the rising stage of the callback, but also into the given to do long range, the overall thinking and bitcoin, the main line suggests to do long on low, try not to chase short.

 The operation recommendations for Ethereum are as follows:

The 2000-2300 range is long, long stop profit at 2700, stop loss at 2000.

After the video, I will also release the week’s digital currency, strategy reference statistical table, interested can pause to look

The above is the recent overall idea of digital currency, is also the whole content of this issue, thank you for your patience to watch

(Investment is risky, the above content is for reference only, if you are interested in the video, you can click on the subscription, we will see you next time, thank you for watching)