Market Daily: Ethereum is about to change, is there another big wave in the market?
1. Industry Interpretation
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1. Industry Interpretation
Ethereum is about to launch "Ethereum 2.0", which is expected to enter the preparation stage early next year. For this project, V God, the founder of Ethereum, expressed "very confident", but V God is not optimistic about its incentive mechanism.
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2. Today's market overview
The total market value of the market todayThe total market value of the market today
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market sentiment,market sentiment,
According to the statistics of Alternative.me, the market sentiment today is panic, with a panic and greed index of 41, which has not changed significantly from yesterday. Since Bitcoin returned to the 10,000 yuan mark, the selling pressure has continued to decrease, and the degree of panic has also eased.
Among the top 100 currencies by market capitalization today, except for BTC and a few currencies that had a slight increase, most currencies fell slightly. The biggest decline was EGT, which fell by 18%. ENJ and STEEM are the most obvious risers, but their overall trend is still dominated by decline, with an increase of about 9% today.
4. Trading volume analysis
Today's trading volume fell across the board. After BTC pulled up with the second-tier currency the day before yesterday, the bulls seemed to see hope, but today the sentiment of the bulls has been slowly dissipated, and the bears dare not enter the market, and the two sides have gradually entered a wait-and-see state. In terms of trading volume, compared with the active state of the previous few days, there is bound to be a significant decline. Among the top 30 currencies by trading volume today, stablecoins TUSD and USDC are the ones with the largest reduction in trading volume. The main reason for the sharp decrease in the trading volume of stablecoins is that they have grown too fast before. After the stablecoin market sentiment returns to normal, Transaction volumes also fell sharply.
5. Stablecoin Analysis
5-minute trend analysis of BTC/USDT secondary market (Huobi Spot)
Note: The USDT on-market discount and premium index is converted based on BTC/USD, BTC/USDT, USDT/USD and other trading pairs in multiple exchanges. It is the percentage ratio between USDT and USD, reflecting the trader's preference for USDT degree. The USDT off-exchange premium index is calculated based on the off-exchange price of USDT and the offshore RMB exchange rate. It is the percentage ratio between USDT and USD, reflecting the degree of crowding of funds entering and exiting the token market. When the index is 100, it means USDT parity, when the index is greater than 100, it means USDT premium, and if it is less than 100, it means USDT discount.
6. Technical analysis
5-minute trend analysis of BTC/USDT secondary market (Huobi Spot)
30-minute trend analysis of BTC/USDT secondary market (Huobi spot)
30-minute trend analysis of BTC/USDT secondary market (Huobi spot)
In summary,BTC: After the BTC spot fell below 10400 last night, it was quickly pulled up to around 10800 by funds, and the trend began to change from a narrow range to a wide range. Now analyze directly from the trend of the 30-minute level. The shock range of this level is roughly completed. The box oscillates around 10400-10800, but the amplitude begins to shrink. Looking at the 5-minute trend of the level, the decline that started at 10800 cannot be confirmed to be over. It is necessary to quickly stand above 10620. If it fails to stand, it will test the support of 10370 below.In summary,
ETH：The BTC spot is in the 30-minute rebound after a 4-hour decline, and the 30-minute center is roughly completed, and the short-term trend is still dominated by shocks.The operation suggests short-term stabilization around 10650. The rebound is not strong, mainly short-selling, with a stop loss of 80 knives.
EOSAfter ETH broke through the platform, it began to consolidate the platform. The upward space is limited, and the overall center of gravity will still slowly move down.The operation suggests short-term shorting around 176.5, with a stop loss price of 178.5.
LTC：: EOS continues to fluctuate around the weak box, the bulls have not been able to release their power, and the short-term rebound space is quite limited.Operational recommendations are mainly shorting around 3.34, with a stop loss price of 3.4.
BCH：The downtrend of LTC has not yet been completed, and the overall trend is weak. Even if it rebounds in the short term, the space is not worth looking forward to.The operation suggests short-term short selling around 68.5, with a stop loss price of 70.
