The computing power and difficulty of Bitcoin's entire network hit a new high, and the high-level order market is facing a direction choice

Bitcoin hash rate (full network computing power) has reached a new high recently, reaching 99.9EH/S, and the difficulty of mining has also reached a high point of 11.89T (trillion)According to data analysis, more than 500,000 new top mining machines have been launched in the past three months. These ASIC mining machines are produced by major manufacturers such as Bitmain, Canaan, InnoSilicon and MicroBT. Ranging from $1500 to $2500.

The increase in the computing power of Bitcoin's entire network shows that the number of miners investing in mining machines is increasing. In the case of increasing mining difficulty and competitive pressure, they are still investing heavily in it, which representsThe miners behind BTC are generally optimistic about the future price trend of BTC.

Since the beginning of this year, the entry layout of institutional investors, the increased computing power competition of miners groups, and the expansion of BTC payment application fields have led to a sharp increase in the market demand for BTC, and the price of BTC has risen, which is the result of the combined effect. This is also the reason why the price of BTC has been able to arrange at a high level since June.

Altcoins have been eclipsed collectively this year, and there is no good money-making effect, which has also promptedMost participants in the market have refocused their attention on BTC, coupled with the approach of the BTC halving time point in May next year, many retail investors bet on BTC as a hope of returning their capital or making a profit. Therefore, whenever the price of BTC drops, many people will buy bottoms and support The disk strengthened.

Yesterday’s article also said that the price of Bitcoin at US$10,000 is only about double the increase from the historical high of US$20,000 in 2017, and the room for increase is limited. therefore,If there is a big market in the halving, the dealer must use various means in advance to scare out the chips and floating profit positions in the hands of retail investors, so as to reduce the pressure on the way to raise.

Based on this, I think this round of high-level market consolidation is almost coming to an end, that is, there will be a direction,The key point is the $9,000 and $12,000 barriers. It fell below $9,000, which means that it is a deep correction first to wash the market, and the subsequent pull-up potential is huge. And if it is raised to 12,000 US dollars, it is suspected of attracting more. The high FOMO sentiment in the market will bring a lot of retail buying power, but for the financial market, it is impossible for everyone to make money, so It will be another harvesting game, and this is where we need to be vigilant.

No matter which way you go,For the dealer, he is not worried about the problem that the chips will not be returned after being sent out, because since the futures market has been established, collecting chips is a matter of several waterfalls, and the power of retail investors is not worth mentioning in front of the dealer.。The future trend of BTC and the market, once out of the current sideways arrangement stage, is likely to fluctuate violentlyOperation suggestion:

Operation suggestion:

BTC: It fell for a short time last night, with a minimum of around 10,000 US dollars, but was successfully withdrawn later, and the gate-shaped trend reappeared. It can be regarded as a trial behavior of the market maker to test the market’s selling pressure and acceptance. In the short term,In the case of no heavy volume, the disk will take 10,000 US dollars as the center, 9,800 and 10,500 US dollars as the fulcrum, and vibrate up and down, effectively breaking through the upper and lower support means that the direction is going out. In the short term, it is mainly to buy low and sell high.

ETH: It broke out again today. The daily line level is subject to the suppression of the MA60 daily moving average. If it can break through 200 US dollars again in the short term, the upside will open up, and the short-term support will be in the range of 185-190 US dollars. It is expected to continue to rise when BTC maintains a stop fall of 10,000 US dollars.

LTC: Following a small rise, it came to the pressure range of 72 US dollars, which is the lower edge of the previous shock box (72-80 US dollars), and it may go higher after breaking through.

BCH: 300-310 US dollars to sort out the trend in the small area, the volume is weak, and the overall trend is in sync with BTC. The short-term pressure is 310 US dollars. If there is a large-scale breakthrough, it is hoped to touch the range of 310-340 US dollars.

EOS: The short-term upward trend has come to an end. It is currently sorting around $4. This position is the dense distribution area of ​​chips in the early stage. It needs to be sorted out and coordinated with the amount of energy to make a breakthrough. Once it breaks through, it may hit $4.5.

XRP and TRX: Continue to shrink and organize the trend. XRP has a chance to rebound after breaking through 0.27, with a strong pressure of 0.29-0.3 USD at the top; TRX can only hope to rebound after breaking through 0.017 USD, and the rebound is strongly pressured at 0.019-0.020 USD.

Platform currency: The overall shrinking trend, BNB is in the range of 18-20 US dollars, HT is in the range of 3.9-4.1 US dollars, OKB is in the range of 2.6-2.8 US dollars, and GT is fluctuating slightly at 0.7 US dollars. Only when BTC ushers in another rebound trend, can the platform currency hope to rebound as a whole.

Altcoins: The overall trend is still weak, continue to wait and see. recent needsPay attention to the potential risks of anonymous coins, because of the regulations of the Financial Action Task Force (FATF) in June this year, with the strengthening of supervision in some countries, anonymous coins are at risk of being delisted, resulting in weakened circulation.