Market analysis: 10,000 mark fierce mutual blog
market Overview
market Overview
Today's market fell after falling, and the market value fell from around 268 billion US dollars yesterday to 260 billion US dollars, and then rebounded. As of now, the total market value of global digital assets is 267.831 billion US dollars, a slight drop compared to yesterday's 268.205 billion US dollars 0.13%. In terms of trading volume, today's overall trading volume also showed a trend of rebound after falling. As of now, today's 24-hour trading volume is 54.976 billion US dollars, which is 0.66% lower than yesterday's 55.344 billion US dollars. Bitfinex currently has a long-to-short position ratio of 2.2816, an increase of 0.53% from yesterday; USDT fell after rising today, and the OTC spot price is 7.12, which is in a state of negative premium, and the premium rate is about -0.05%.
Funding
BTC
The top ten cryptocurrencies with net capital inflows in the past 24 hours are BCH, EOS, ZB, ETC, TRX, DASH, LAMB, PAX, XIN, and SNT. The Shallon APP market shows that Bitcoin is currently hovering around 10,400 USDT. In terms of funds, there is a net outflow of funds. The net outflow of funds is 2.203 billion yuan, ranking first, of which USDT has the largest outflow of 1.503 billion yuan. On the other hand, as of now, the top five 24-hour net outflows are: BTC, XRP, USDC, BSV, KNC.
ETH
The weekly line level is currently in a high-level descending triangle shock arrangement, and the shock space is getting smaller and smaller. It takes about two to three weeks to choose a direction. The BTC weekly line closed positive and formed a bullish engulfing pattern. The positive line entity engulfed last week’s negative entity, indicating that The direction of the general trend is still positive. The weekly MACD dead cross did not diverge rapidly downwards, indicating that the short position is limited, and the overall trend is still in a wide range of shocks. It is expected to last until the end of September. BTC will continue to compete fiercely around the $10,000 mark. In the medium and long term, BTC is likely to build a Triangular rising relay shape, currency price fluctuations gradually decrease from left to right, the defense lines of both sides gradually approach until the two sides exchange fire, forming a final breakthrough in the currency price, in the direction of the general trend, continue to be bullish on BTC, and go up after washing up and gaining momentum A breakthrough is more likely.
BCH
At the daily level, after the market broke down in the early stage, it recently showed a rebound trend, but it was under pressure again near the previous ups and downs of 185. 185 is currently the watershed between long and short at the daily level. Before it stands firm, maintain a short thinking.
LTC
Weekly chart, the negative line was closed in the past few weeks, the positive line was closed last week, and the pregnant line was closed last week, with the idea of mainly buying: 1. If it breaks through 71.50 US dollars, you can participate in multiple orders; 2. Adjust downward again to 57-60 US dollars In the demand zone, get stabilized and participate in long positions, and place the stop loss below $56.
Heinz: HSBTC5
