Market analysis: The market is short of spot goods, and futures will be the way out for your survival.
Market analysis:
BTC
Market analysis:
ETH
The market suddenly changed in the evening, the 10,000 mark was broken, and it fell to a minimum of 9,500. You can place a wave of multiple orders around this point. The BTC daily line still does not fluctuate much. RSI is still hovering around 40. Judging from the current trend, the competition at the end of the triangle arrangement is relatively fierce. The continuous oscillating trend has not strongly tested the upper track, and has dropped to the lower track several times, indicating that the market tends to suppress the currency price and there is no obvious Under the influence of bad news, choose to go down, which shows that the market is in a strong wait-and-see mood, and there is no willingness to go long at this time, and the recent indicators of the target are also beneficial to short positions. It began to diverge downward again, and the possibility of this round of dips breaking the low point on August 15 will be very high.
The trend of ETH fully represents the weak market of other mainstream currencies except Bitcoin. In the early hours of the morning, it followed the big pie and fell, and the overall decline was relatively large. The downward price of the daily line level has briefly pierced the lower track of the Bollinger Bands. The lowest price reached 165 US dollars and then rebounded. The current price is around 171 US dollars. MACD has formed a dead fork. In the future, the market may continue to drop. This target does not have the conditions for an independent market. At present, the brightest boy in the market is Bitcoin, so the participation value of this target has not been very high. The gap can also be seen from the decline. The center of gravity of this target is constantly moving down, and most of the funds participating in this target belong to the follow-up market. The market conditions are not good, and they go the fastest, so whether it can stop the decline or not depends on Bitcoin.
Binance is also going to be listed on futures. Why do the top exchanges in the world start to compete for the derivatives business? The simplest and most direct reason is to make money. We can see that the existing model of the exchange has begun to decline, whether it is spot trading Both the volume and listing fees are no longer comparable to the previous earning speed. The most important reason is that there is no new capital. This is the most important and fundamental problem in the industry today.
Therefore, major exchanges are now deploying derivatives business. When the market volatility decreases in the future, large market leverage will cause large fluctuations. Only investors can play. Bitcoin fluctuations are not even 2% for several days in a row. It is indeed a torment for short-term speculators, but futures will not have this problem. Through leverage, the exchange can instead earn more fees. While improving the market trading system, it also gives In the bear market, I paved a path to survive.
