Bitcoin’s range-bound trend, we need to pay attention to the market’s two-level differentiation pattern
According to Coinmarketcap data,Bitcoin's market capitalization ratio further increased to 70.17%, a new high since April 2017. In stark contrast, the market share of mainstream currencies such as ETH and BCH has further shrunk, and the overall market value of altcoins, including more than 2,000 currencies, has dropped by nearly 1/2 compared to the highest point, and now it is less than 13.5% of the market share.
The market share of Bitcoin has gradually increased, while the altcoin market has shrunk. This is the most typical feature in the digital currency market in the past two yearsfirst,
first,Bitcoin's Market Status Recognized. As I said yesterday, four major factors, such as "the value support of the decentralized network, the historical consensus of rising currency prices, the expansion of the BTC transaction market capacity, and the increase in the application and acceptance of the payment field", constitute the Bitcoin's popularity in the digital currency market. strong position and competitiveness. For a long time, this pattern is difficult to change.Secondly,
Secondly,After the hustle and bustle of the market, return to value. The ICO project, which was once a hot topic, and all kinds of high-level conceptual marketing and promotion, can only gain temporary fame after all, and can only deceive investors for a while, and cannot escape the test of time. The project party unilaterally said that he was working hard to do something, but it was useless, the direction was wrong, and his efforts were in vain.As an investor, profit is the first rule and the most important thing we should pay attention to, Never fall in love with the project party, and have your own rational thinking and judgment.
again,Altcoin season isn't coming anytime soon. From the waiting at the beginning of the year to the present, it is time to recognize the reality and completely give up illusions about altcoins. In fact, the logic in the middle is very simple,The counterfeit currency chips have gone through the first round of distribution in the bull market, and the dealers have gradually distributed the chips to retail investors through the early project promotion and hype, completing the first round of harvest. Therefore, it is impossible to pull the market in the short term. Only when there is a continuous negative decline and the dealer absorbs enough chips at a low position, will the second round of large chip distribution be launched.at last,
at last,A mature financial market must be a situation where a hundred flowers bloom and a hundred schools of thought contend. The current BTC dominance situation is actually a very deformed market, but historical accumulation is like this. BTC has gained a large market due to historical reasons, value support, and wide market acceptance.The growth of the altcoin market is also crucial to the development of the digital currency marketOperation suggestion:
Operation suggestion:
BTC: Daily line level, BTC is sorting near the MA60 daily moving average, short-term urgent need to break through and stand above the moving average, otherwise, once the finishing time is too long, the moving average will turn from support to pressure, causing the currency price to fall. From the point of view of the large cycle level, the market is still in a volatile trend, with 9,000 US dollars as the bottom and 14,000 US dollars as the top, falling along the downward trend line, and the overall volume can be in the process of gradually shrinking.
At the 4-hour line level, BTC fluctuated in the range of 10,400-10,800 US dollars for a short time. The short-term retracement was not large, and it was successfully recovered. The market was dominated by bulls. If it did not fall below 10,400 US dollars, it would still hit the upward pressure of 11,000 US dollars. Short-term buying low and selling high, the position should not be too heavy.
ETH: The 170-182 USD range is sorted out. In the short term, we should pay attention to the breakthrough of 185 USD. The increase in volume is a signal.
LTC: Slight callback trend, 60-70 US dollars range consolidation, short-term intervention is not recommended.
BCH: short-term volatile trend, $300 is still the pressure threshold in the near future, and mainstream currencies can focus on it.
EOS: The trend is weak, the range of 3.2-3.5 US dollars is arranged, the volume can shrink seriously, and the short-term wait-and-see is the mainstay.
XRP, TRX: The trend continues to be weak, and the short-term market is not very good, so we will not consider it for now.
Platform currency: follow the trend of the broader market, and short-term positions should not be too heavy. BNB is in the range of 20-23 dollars, and the short-term strong pressure is 25 dollars; HT is in the range of 3.6-4.2 dollars, and the short-term pressure is 4.4 dollars; OKB is in the range of 2.4-2.9 dollars, and the pressure is at 3 dollars. GT is in order at 0.7-0.76 US dollars, and the short-term pressure is 0.8 US dollars.
Altcoins: As mentioned above, it is difficult to have a big market in the short term, so continue to wait and see.
