Bitcoin is under pressure at $11,000, urgent demand can rebuild market confidence

In the early hours of this morning, the content of the second part of the website that is suspected of being "Satoshi Nakamoto" proved himself was updated. According to the article,The original email was lost due to email hacking, and 980,000 bitcoins were lost due to a hard disk crash. He said that he did not have a digital signature because he did not intend to reveal his identity before.

For the person who invented the genius idea of ​​​​Bitcoin, he can't prove himself with a private key. With these lame reasons, it can only be said to be a joke in the world. He treats the audience as a fool, and they are all gone. ,this is onlybesides,。

besides,In other news, a New York state court ruled that it has jurisdiction over Bitfinex, allowing the New York Attorney General's Office to continue its investigationIn general,

In general,The news in August is relatively calm, and the focus is on September. The previous USDT hearing did not reach any resolution and approved a 90-day postponement of the trial, which will probably be after September. Bakkt's physical settlement bitcoin futures contract will also be officially launched on September 23, and the US SEC will make a final decision on one of the bitcoin ETFs at the end of September. The accumulation of these factors is destined to be an eventful year in September, and everyone needs to prepare in advance.

Back to the market, August can be said to be ups and downs. It rose from more than 9,000 US dollars to 12,000 US dollars in the first half of the year, and fell back to 9,500 US dollars from the high point in the middle of the month.Technical rebound after a short-term rapid decline to repair the trend. Judging from the overall volume, the volume in August has shrunk compared with June-July, and the market as a whole is not active.Operation suggestion:。

Operation suggestion:

BTC: Hourly line level. Since this wave of decline, it has tried to break through the pressure level of around 10,540 US dollars three times in a row. Yesterday, with the cooperation of volume and energy, it successfully broke through. The overall disk showed a trend of gradually rising from the bottom, with bulls slightly occupying the top, leading the rebound trend of the market. In the short term, if the callback does not break through 10,630 US dollars, it will continue to fluctuate and rebound.

At present, the market has come to the 10800-11000 US dollar pressure range we mentioned before.Judging from the size of the amount that can be released and the short-term market sentiment, it is difficult to support a one-time breakthrough trend. Therefore, unless there is a strong breakthrough in this area again, it will fluctuate repeatedly, digest short positions and some short-term selling pressure, and finally stand above $11,000. Previously, short-term chips for opening positions at a low position below 10,000 US dollars can take profit at the right time. Those who want to open a position again should wait for the market price of 11,000 US dollars to be confirmed before considering. The short-term is mainly suitable for waiting and watching.

At the daily level, BTC once again came to the key position of the MA60 moving average.The MA60 daily moving average has always been considered an important technical indicator for market breakthroughs or reversals. If it can stand firmly above the MA60 moving average, there is hope that the market will usher in another rebound trend. But once it is unstable for a long time and stays here for too long, the advantage of the market will be manipulated by the short sellers, which will lead to a decline in the market. How the market will go, we will see the outcome within a week at the earliest.

ETH: Continue to organize the trend in the short term, and the market is still testing the stability of the support of 200 US dollars. If the market can stand above the MA60 moving average, ETH is expected to rebound to the 220-240 US dollar range in large quantities. The previous chips below 190 US dollars can continue to be held, waiting for the signal of the market.

LTC: Yesterday’s rebound did not keep up with the volume. The market continued to organize the trend in the small range of 75-80 dollars. In the short term, it is recommended to stand firm at 80 dollars before considering intervention. The upper 90-100 dollar range is a strong pressure area. Difficult to break through.

BCH: Judging from the trend, the volume and price are shrinking at the same time, and the trend is in the range of 310-330 US dollars. The oversold was serious before, and a large number of selling pressure and panic orders were released. The short-term market is relatively stable. In the future, we will see the rebound trend, and the rebound target will be 340-360 US dollars.

EOS: Quantity is relatively weak, the disk is in the range of 3.6-3.8 US dollars to consolidate the trend, the 4-hour K-line trend is suppressed by the MA60 moving average, unless there is a breakthrough in the amplification of quantity and energy, the short-term market mainly follows the trend of the market, and the top 4 US dollars is strong pressure interval.

XRP: 1-hour level, the disk has risen and fallen, and the pressure range of 0.29 US dollars to 0.3 US dollars is not so easy to break through. In the short term, it is not a good time to build a position, so enter with caution.

TRX: Following the weak rebound of the big pie, the volume is still not enough, and the short-term strong pressure is 0.02 US dollars. Without the cooperation of favorable factors in the news, the trend continues to be weak.

Platform currency: BNB rose for a short time yesterday due to the cooperation of the news, but then the currency price fell. At present, it is in a high-level consolidation trend, with a strong pressure of 40 dollars above. It is difficult to have independent upward space in the short term. Reduce positions and keep some profits; HT and OKB continue to organize their trends, HT is in the range of 4.8-5 US dollars, and OKB is fluctuating around 3 US dollars. It should be noted that these two currencies have been shrinking and rising since June. The amount can shrink to the extreme, but the currency price is gradually rising, and the disk is not stable; GT is in the range of 0.8-0.9 US dollars, and 1 US dollar is the strong pressure level in the near future.

Altcoins: There is still no good market. A small number of currencies have risen for a short time. It is almost a one-day parade. Bankers and retail investors are scrambling to ship. The support of the disk is not strong enough. The pie stabilized. In addition, if you have any currency you want to analyze, welcome to ask questions in the message area.