Bitcoin's $12,000 becomes an important threshold again, and the market may change as a result
Since the beginning of August, Bitcoin has launched another wave of upward trend, with an increase of nearly 30%. Its market value has also risen from 50% in April this year to 68.07%. Correspondingly, the market value of ETH has fallen below 8%, and otherThe market share of mainstream coins and altcoins is gradually shrinking。
Since the beginning of this year, the unilateral upward trend of Bitcoin has intensified, and the phenomenon of divergence from altcoins has gradually increased, reflecting the choice of the market and funds, which is a process of survival of the fittest.BTC has also changed from the previous vision of "electronic cash" to the target of "digital gold" and "value storage", which has been recognized and sought after by the market。
It is expected that this phenomenon will continue. The main force of institutions and large off-market funds entering the market is obviously on BTC, which can be seen from the launch of BTC exchanges and related futures derivatives markets. At the same time, with the comprehensive influence of factors such as geopolitics and global economic turmoil,As a financial hedging product and a tool for risk hedging, BTC is more and more positively linked with the trend of gold。
Instead, mainstream currencies and altcoins are experiencingThe internal value-added logic is shattered and the throes of value rationality return, the currency price and trading volume are bleak, the market demand is scarce, and it is difficult to win the favor of investors. The previous consensus is gradually shattered, forming the current phenomenon of "the strong get stronger and the weak get weaker".
In the current predicament, if the market evolves on its own, it will be difficult to break the situation. At present, relying on concept hype and over-marketing is not acceptable.Relying on the compliance process of policies, the vigorous entry of capital, and the breakthrough of the blockchain's own technology and the explosion of landing applications, and the accumulation of money-making effects to allow more people to enter the marketOperation suggestion:
Operation suggestion:
BTC：High order trend, 12,000 US dollars is still an important threshold in the near future, Hourly line level, 2 heavy-volume breakthroughs within a few days, but failed to stand firm, facing pressure from the Air Force, and fluctuated greatly in a short period of time. At present, it is sorting around the MA60/MA30 moving average. After the adjustment is completed, there will be another behavior of seeking a breakthrough upwards. If it can stand firm at 12,000 US dollars by then, the pressure range of 13,000-14,000 US dollars may break through.
Daily level, compared with the previous two breakouts of $12,000, this timeThe amount of energy is relatively lacking, and it is impossible to form an effective disk support. Therefore, volume is still critical. If it is a step-by-step upwards to 12,000 US dollars, you can chase it in an appropriate amount. If it is a short-term large-scale increase, you need to pay attention to risks. It is very likely to lure more or sell at a high level.
ETH: From the perspective of the daily line level, the large range of 200-240 US dollars fluctuates in the range. Hourly line level, short-term support of $220, waiting for heavy volume signals.
LTC: In a short period of time, it will continue to rise and fall. From the perspective of the market, it is facing heavy selling pressure. It is in the range of 80-100 US dollars. It is not recommended to operate in the short term.
BCH: Follow the trend of the big pie, fluctuate in the range of 330-350 US dollars, fall below 310 US dollars, pay attention to stop loss.
EOS: The range of 4-4.5 US dollars shrinks and consolidates the trend. The only problem is that the volume is too weak, so continue to wait and see.
XRP and TRX: Continue to shrink and organize, pay attention to the support point in the short term (XRP 0.3 US dollars, TRX 0.021 US dollars), if it falls below the support, the risk will increase.
Platform currency: BNB rose slightly today, suspected to respond to the impact of eliminating negative events by raising the currency price. After all, for currency holders, the truth is that the currency price has risen, with a large range of 25-40 US dollars. HT continued to fluctuate around US$5, OKB rose and fell back for a short time, and the lower support was US$3. For these two currencies, the volume at the daily level is weak, and the disk is not stable, so it is necessary to pay attention to the risk of retracement. GT's short-term pressure is US$1, with a small support of US$0.8, and the trend continues to fluctuate.
It is difficult for other counterfeit currencies to have a big performance, and the currency price and trading volume continue to be sluggish. Before a real bottom is formed, it is prudent to buy bottoms, or wait for the direction to become clearer before entering the market. In addition, if you have any currency you want to analyze, welcome to ask questions in the message area.
