4 major factors support the inherent appreciation logic of BTC, short-term pullback is still an opportunity to get on the bus
According to data from the Blockchain website,Bitcoin exchange volume has fallen to its lowest level in two years, but the price of Bitcoin has continued to rise.This reflects the situation of Bitcoin holders, who tend to hold and store Bitcoin rather than sell.
Since it went online in 2009, the Bitcoin network has been running successfully for 10 years without major problems, which has proved this. at the same time,. at the same time,Although the price of Bitcoin has been fluctuating violently, it has been declared "dead" countless times in the middle, but the price has risen again and again, and the bottom is gradually rising, with tenacious vitality and currency price consensus。
Especially in 2019, there are obvious signs of institutional investors entering the market, driving the price of Bitcoin to rise unilaterally.The digital currency market was dominated by retail investors before, and has transitioned to the main battlefield dominated by institutions. Coupled with the expansion of the BTC-based derivatives market (futures, trust funds, future ETFs, etc.), BTC can be said to have gained certain market support.
At the same time, the Lightning Network has achieved rapid development in the past two years, and various wallet applications based on BTC have blossomed everywhere. BTC has gradually become one of the payment methods of major world-renowned brands, and has been recognized by user groups.
therefore,
therefore,For most investors in the currency circle, regular investment in BTC is the best choice. You can also summarize the gains from investing in the currency circle in the past few months. Bitcoin is obviously the currency with the most stable appreciation. If you buy altcoins, you will either be trapped, or wait for nine out of ten to return to zero. The loss in the non-stop exchange of currency and positions has increased, and the road to return is far away.
Although investment should be dispersed and diversified, in the current currency circle, it is stillOnly a small number of mainstream currencies such as BTC have good stability and liquidity, and will not die out for a long time. There is a certain consensus and support from usersOperation suggestion:
Operation suggestion:
BTC: Daily line level, with several positive lines in a row, BTC once again stood on the MA60 daily moving average, MACD, KDJ, SMI and other indicators are all in a long position. As long as there is no sign of heavy volume decline in the short term, the market will go up in shocks.
At the 4-hour line level, both volume and price are rising, and short-term bulls have the advantage. Although there is a callback, the retracement does not break through 10,400 US dollars. After the market is sorted out, it will choose to go up again to test the pressure range of 11,000 US dollars. 11,000 US dollars is the center of the high and volatile trend since June. If there is a large-scale breakthrough, it may reach 12,000-14,000 US dollars in the future. therefore,Focus on market breakthroughs this week and be cautiously bullish.
ETH: short-term rushing up and falling back, the lower support is 160-170 US dollars, and the small pressure is 185 US dollars. If it can break through with heavy volume, it is expected to rise to the pressure of 200 US dollars.
LTC: There is a slight rebound, but the retracement is relatively large following the big pie. The short-term support is in the range of 60-65 US dollars. Only after the market stabilizes at 70 US dollars will it open up room for growth. The short-term wait and see.
BCH: The currency with the strongest rebound strength among mainstream currencies, rebounded to 300 US dollars, followed the short-term retracement of the market, and the retracement did not break through 290 US dollars. It is hoped that it will continue to rebound after standing at 300 US dollars. Mainstream currencies focus on currencies. Buy low and sell high.
EOS: The overall trend follows the broader market, the short-term support is 3-3.2 US dollars, and the pressure range is 3.5-3.8 US dollars.
XRP: The trend is weak, and it fluctuates in the range of 0.24-0.27 US dollars in the short term. It is still the previous point of view. The operating company behind it has been selling and it is difficult to rebound. It is not recommended to enter the currency in the short to medium term.
TRX: The trend is weak, the trend is consolidated in the range of 0.015-0.017 US dollars, and the lack of enthusiasm in the overall marketing makes it difficult to have a big rebound trend.
Platform currency: follow the trend of the big pie,Before finding new concepts or hot spots, it is difficult to have an independent market, and it is necessary to deal with potential profit-making selling pressure, It would be nice to be able to maintain the trend of high-level shocks between small and medium-sized disks. In the medium and long term, intervene after the currency price has once again stabilized at a key point. BNB is at 25 US dollars, HT is at 4.4 US dollars, OKB is at 3 US dollars, and GT is at 0.8 US dollars. In the short term, it is only recommended to buy low and sell high, and the current position should not be too heavy.
Altcoins: The overall trend is weak. During the unilateral rise of BTC, funds in the market are scarce, and it is basically difficult for altcoins to perform well. It is still mainly to wait and see.
